Finding affordable car insurance for a Chevrolet Traverse in Indiana hinges on a lot of different factors such as how old the vehicle is, the condition of your credit, and if you have tickets or violations. Indiana drivers pay approximately $809 each year for Traverse insurance, but that figure is an approximation calculated using a 40-year-old married male driver with full physical damage coverage and $100 deductibles.
Most likely you're not a 40-year-old male, possibly single instead of married, and you don't want the same coverages and limits as the example. Auto insurance requires individual risk assessment, so the only real way to find cheap auto insurance rates for your Chevrolet is to compare as many rates as possible.
Vehicle trim level will be a contributing factor to the coverage cost, so the rate you pay to insure a Traverse LS 2WD trim level will be $100 less than the cost to insure the more costly Traverse LTZ AWD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$220||$330||$246||$14||$74||$884||$74|
|Traverse LS AWD||$248||$330||$246||$14||$74||$912||$76|
|Traverse LT 2WD||$248||$330||$246||$14||$74||$912||$76|
|Traverse LT AWD||$248||$402||$246||$14||$74||$984||$82|
|Traverse LTZ 2WD||$248||$402||$246||$14||$74||$984||$82|
|Traverse LTZ AWD||$248||$402||$246||$14||$74||$984||$82|
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium amounts do not factor in specific garaging location which can alter auto insurance rates substantially.
Establishing which company offers the best auto insurance rates for a Chevrolet Traverse may require a bit more effort in order to find the most economical policy.
Every insurance company has their own unique process for setting prices, so let's look at the rankings for the auto insurance companies with the overall best prices in Indianapolis.
Best Auto Insurance Prices for Your Chevy
|Rank||Company||Cost Per Year|
|7||Indiana Farmers Mutual||$875|
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Travelers generally has some of the lowest car insurance rates in Indianapolis at around $620 a year. Cincinnati Insurance, USAA, Erie, and The Hartford would also make the list of some of the more affordable Indianapolis, IN insurance companies.
As the example above demonstrates, if you currently buy coverage from Erie and switched to Cincinnati Insurance, you may see an annual savings of about $47. Drivers with The Hartford might save as much as $197 a year, and Western Reserve customers might lower prices by $214 a year.
To see if you're overpaying, click here to get a free quote or quote prices from the following companies.
Bear in mind that those estimates are averages across all drivers and vehicles and and are not figured with a specific vehicle garaging location for a Chevrolet Traverse. So the company that fits your age and vehicle best may not even be in the top 36 companies shown above. That emphasizes why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
Impact of citations and accidents on Indianapolis insurance rates
The easiest method to earn the cheapest auto insurance rates for a Traverse is to drive carefully and avoid getting tickets or having accidents. The diagram below illustrates how traffic citations and at-fault claims impact premium costs for each age group. The information is based on a married female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
In the example above, the average cost of an auto insurance policy in Indianapolis per year with no accidents or violations is $948. Factor in two speeding tickets and the average cost swells to $1,335, an increase of $387 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of auto insurance for a Chevrolet Traverse increases to an average of $2,900. That's an increase of $1,952, or $163 per month, just for not maintaining a clean driving record!
Why it's important to shop around
Indianapolis, IN auto insurance rates are calculated based on many things that can increase the price of coverage. Simply having another birthday, increasing deductibles, or getting a ticket for careless driving can produce rate changes that can now make some companies cheaper than others.
Not only may your risk profile change, but insurance companies modify rates at least once a year to ensure their profitability. Higher than usual claims may cause rate hikes, while lower claim expenses can cause cheaper Traverse insurance rates.
To illustrate this point, the bar chart below shows the cheapest car insurance in Indianapolis, IN for a 35-year-old female driver with no prior claims, no tickets, and good credit. If we look at prices based on her personal profile, Travelers might offer the cheapest car insurance rates in Indianapolis at $696 annually. This is $544 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are the rest of the cheapest Indianapolis, IN auto insurance companies.
Now we will give the driver from the above example a claim or two, poor credit, and a few blemishes on her driving record. Because every insurance company has their own process for establishing rates, analyzing rates could result in a new list of affordable companies as shown below.
The Hartford now has the lowest car insurance rate in Indianapolis, IN with Auto-Owners, USAA, Nationwide, and Motorists Mutual completing the list. This example shows why it is important to compare as many rates as possible when trying to get the best auto insurance rates for a Chevrolet Traverse. Rates are impacted by many factors and change frequently, so the lowest-price company when you bought your policy may now be one of the higher cost companies.
The agencies below can aid you in deciding which car insurance policy is best, as some drivers have questions and prefer to have a professional recommendation when comparing insurance rates for a Chevrolet Traverse. It can be hard to find the best policy on your own, and professional agents can add satisfaction knowing you have enough coverage if you have a claim. To find an agent by location nearest to you, click the button at the bottom of the list.
- State Farm: David R Johnson
4770 S Emerson Ave #J, Indianapolis 46203 - 4770 S Emerson Ave #J, IN 46203 - (317) 782-8858
- Jim Crinklaw - State Farm Insurance Agent
9423 Pendleton Pike - Indianapolis, IN 46236 - (317) 897-6129
- Tia Walker - State Farm Insurance Agent
2169 Glebe St #100a - Carmel, IN 46032 - (317) 890-1200
How to find economical insurance for a Chevrolet Traverse
The list below details some of the better thrifty suggestions that can help drivers buy more affordable coverage.
- Insure your home and auto with the same company
- On older vehicles, drop full coverage
- Maintaining good credit helps earn cheaper rates
- Higher physical damage deductibles lower rates
- Discounts for being claim-free can be substantial
- Vehicles with good safety ratings have lower liability rates
- Compare rate quotes often
The final tip is extremely significant, as we noted in this write-up. Coverage prices can change significantly in a year, so don't be tentative to buy from a new company if a cheaper price is available.
Brand loyalty is great, but it isn't a good idea if that loyalty ends up costing major coinage every year. If you have a few minutes, compare prices and find cheaper car insurance for a Chevrolet Traverse in Indianapolis.