Finding the best cheap coverage for a Chevrolet Traverse depends on a lot of factors such as your financial responsibility, your geographic location, and any prior driving citations you have received. Texas drivers pay around $770 a year for Traverse insurance, but that is an approximation using a 40-year-old married male driver with full comprehensive and collision coverage and $1,000 deductibles.
When projecting a rate like this, the problem is that you may not be 40 years old (or even male), you might be single instead of married, and maybe you want higher deductibles. Having what appears to be a very minor change in policy rating criteria or coverages can result in a big discrepancy in the amount insurance costs for a Chevrolet Traverse.
Different coverage needs are the reason why the only way to find cheap insurance prices for your Chevrolet is to put in the effort to do a thorough rate comparison.
The trim level of your vehicle impacts the cost of insurance, so the rate you will pay to insure a Traverse LS 2WD model will be $72 less than the insurance cost for the more expensive Traverse LTZ AWD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$166||$236||$334||$20||$100||$856||$71|
|Traverse LS AWD||$186||$236||$334||$20||$100||$876||$73|
|Traverse LT 2WD||$186||$236||$334||$20||$100||$876||$73|
|Traverse LT AWD||$186||$288||$334||$20||$100||$928||$77|
|Traverse LTZ 2WD||$186||$288||$334||$20||$100||$928||$77|
|Traverse LTZ AWD||$186||$288||$334||$20||$100||$928||$77|
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Information does not factor in vehicle location which can alter coverage rates significantly.
Best auto insurance company in Houston
Selecting the top insurance provider can be difficult considering how many choices you have in Houston. The company rank data displayed below can help you analyze which insurers to look at putting your business with.
The ratings below are only comprised of large nationwide companies, so smaller regional companies are not factored into the list. If you’d like to compare prices from the insurers below and more, simply click here.
Top 10 Major Auto Insurance Companies Overall in Houston
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Drive responsibly or pay higher rates
The ideal way to obtain good auto insurance premiums in Houston for a Traverse is to be a cautious driver and avoid accidents and traffic citations. The illustration below shows how violations and at-fault claims raise annual premium costs for each different age group. The rates are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are applied.
In the previous example, the average cost of an auto insurance policy in Houston per year with a clean driving record and no accidents is $1,677. Factor in one speeding ticket and the average cost hikes up to $1,901, an increase of $224 each year. Now add one accident along with the one speeding ticket and the 12-month cost of auto insurance for a Chevrolet Traverse increases to an average of $2,521. That’s an increase of $844, or $70 per month, just for not being more responsible behind the wheel!
Here’s why you should shop around
Texas auto insurance rates are impacted by many things that can increase the cost of having a policy. Improving your credit rating, moving across town, or getting a speeding ticket can trigger changes in premium resulting in some companies being more affordable than competitors.
Not only that, but car insurance companies change prices at least once a year to ensure their profitability. Higher than normal claim frequency or severity may cause additional price hikes, while a lower level of claims may cause more affordable Traverse insurance rates.
The graph below shows the companies that have the cheapest car insurance in Houston, TX for a 40-year-old male driver with no violations or accidents, and good credit. If we estimate prices based on his current risk profile, Travelers has the most affordable car insurance rates in Houston at $1,310 a year. This is $594 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the top five cheapest Houston, TX auto insurance companies.
In this next rate comparison, we will give the driver from the above example a chargeable claim, a lower credit rating, and a traffic citation. Since every car insurance company has their own guidelines for filing rates in each state, comparing quotes may now present a different list of cheap Houston auto insurance companies as shown below.
State Farm now has the cheapest car insurance in Houston with Mercury, USAA, Safe Auto, and Nationwide also being competitive. This example demonstrates why it is critical to perform an extensive rate comparison to find the lowest insurance quotes for a Chevrolet Traverse.
Rates are influenced by many things and can increase or decrease at any time, so the cheapest rate the last time you compared rates may now be quite expensive.
How to find low-cost auto insurance for a Chevrolet Traverse
The list below details a few money-saving suggestions that can help Houston drivers locate low-cost auto insurance.
- Avoid price increases by not filing claims
- At-fault accidents can raise rates significantly
- Raise your deductibles
- Full coverage is expensive so only insure older vehicles for liability only
- Serious violations like DUI or reckless driving can increase rates dramatically
- Compare rates regularly and switch companies to save money
The final tip is very crucial, as we pointed out in this write-up. Insurance prices adjust frequently, so don’t be hesitant to buy a different policy if you can save money.
Having brand loyalty is commendable, but it’s not a good idea if that faithfulness ends up costing you thousands of dollars over several years. Now is a great time to compare prices and find cheaper auto insurance for a Chevrolet Traverse in Houston.