Compare Chevy Traverse Insurance Rate Quotes in Lubbock

Anyone knows that car insurance companies don’t want policyholders to compare prices from other companies. Consumers who compare rates at least once a year are highly likely to switch insurance companies because they have a good chance of finding a lower-priced policy. Surprisingly, a recent survey revealed that drivers who routinely compared rates saved approximately $3,400 over four years compared to people who never shopped around for better prices.

If finding the best price on auto insurance in Lubbock is your objective, understanding the best way to shop and compare insurance coverage can help make the process easier.

If saving money is your primary concern, then the best way to get the cheapest Chevy Traverse insurance in Lubbock is to make a habit of comparing prices annually from insurers in Texas. Rates can be compared by following these guidelines.

First, read and learn about what is in your policy and the measures you can take to drop your rates. Many risk factors that cause high rates such as speeding tickets, careless driving and a substandard credit history can be remedied by being financially responsible and driving safely. This article gives instructions to prevent high rates and find missing discounts.

Second, compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while independent agents can provide price quotes from multiple insurance companies.

Third, compare the new rate quotes to the price on your current policy to determine if you can save on Traverse insurance in Lubbock. If you can save money and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, notify your current company to cancel your current coverage and submit the application along with any required down payment for your new coverage. Once received, keep your new certificate verifying coverage in your vehicle’s glove compartment or console.

One key aspect when comparing rates is to try to compare the same level of coverage on every quote request and and to get price estimates from as many car insurance companies as possible. Doing this provides a level playing field and a complete selection of prices.

Best companies for affordable Chevy Traverse insurance in Texas

The providers in the list below have been selected to offer price comparisons in Texas. If you wish to find cheap auto insurance in Texas, it’s highly recommended you compare several of them to find the cheapest car insurance rates.

Chevy Traverse insurance charts and tables

The information displayed next outlines detailed analysis of coverage costs for Chevy Traverse models. Understanding more about how insurance prices are calculated can assist in making smart choices when choosing a car insurance company.

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Information does not factor in vehicle location which can modify coverage rates noticeably.

Comparison of policy deductibles

One of the hardest decisions when shopping for insurance is how high should the deductibles for physical damage be. The tables below can help illustrate the cost difference of buying low and high physical damage deductibles. The first table uses a $250 physical damage coverage deductible and the second price table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate information does not factor in zip code location which can change price quotes noticeably.

We can estimate from the data above that using a $250 deductible costs approximately $14 more each month or $168 annually than choosing the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 18 months between claims, you would probably come out ahead if you opt for a higher deductible.

The illustration below highlights how deductible choice and can affect Chevy Traverse yearly insurance costs for different categories of driver ages. The premiums assume a single female driver, full coverage, and no discounts are taken into consideration.

Gender-based insurance rates in Lubbock

The illustration below shows the comparison of Chevy Traverse insurance costs for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, marital status is single, and no other discounts are factored in.

Should you buy full coverage?

The information below visualizes the comparison of Chevy Traverse car insurance rates with liability coverage only compared to full coverage. The premiums are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no additional discounts are factored in.

Are you wasting money paying for full coverage?

There isn’t a written rule of when to phase out full coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Chevy Traverse book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying your deductible. If you are currently paying more than $400 a year for your policy with full coverage, then you might consider buying liability only.

There are a few cases where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not buy liability only.

Get cheaper rates by taking advantage of these five discounts

Not many people think insurance is cheap, but you may be missing some discounts that can drop the cost substantially. Many of these discounts will be applied automatically when you purchase, but lesser-known reductions have to be manually applied prior to getting the savings.

• Seat Belts Save – Requiring all passengers to wear their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.
• Low Mileage Discounts – Maintaining low annual mileage can qualify you for better rates on cars that stay parked.
• Government Employees – Simply working for the federal government can earn a discount up to 10% with a few insurance companies.
• Military Deployment Discount – Being deployed in the military may qualify for rate reductions.
• Theft Prevention Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems can help prevent theft so companies will give you a small discount.

One last thing about discounts, most of the big mark downs will not be given to the entire policy premium. Some only reduce the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

The chart below shows the difference between Chevy Traverse car insurance costs with and without discounts applied to the rates. The price estimates are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, homeowner, marriage, and claim-free discounts applied.

To view companies who offer online Chevy Traverse insurance quotes in Lubbock, click here.

You may want advice from a local insurance agent

A small number of people would rather get advice from a local agent and that is recommended in a lot of cases An additional benefit of comparing insurance prices online is you may find cheap car insurance rates and still choose a local agent.

By using this short form, your insurance data is transmitted to agents in your area who can give free rate quotes for your car insurance coverage. You never need to even leave your home as quotes are delivered to you instantly. You can most likely find cheaper rates without having to waste a lot of time. If you wish to compare rates from one company in particular, you can always navigate to their website and fill out the quote form the provide.

Choosing a company requires you to look at more than just a cheap quote. Some important questions to ask are:

• Do you work with a CSR or direct with the agent?
• How does the company pay claims for a total loss?
• Do they assist clients in filing claims?
• Does the agent have a valid license to sell insurance in Texas?
• Does the company have a local claim office in Lubbock?
• Can glass claims be handled at your home?
• How long have they been in business?

Different types of auto insurance agents in Lubbock

If you need to find a local agent, it’s helpful to know the different types of agencies and how they work. Agents in Lubbock may be either independent agents or exclusive agents.

Exclusive Agents

Agents that choose to be exclusive can usually just insure with one company such as State Farm, Allstate, and Farm Bureau. They usually cannot compare rates from other companies so keep that in mind. They are trained well on what they offer and that enables them to sell even at higher rates.

Below are exclusive insurance agents in Lubbock that are able to give price quotes.

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Independent Agents

Independent insurance agents are appointed with more than one company so they can quote policies through many different car insurance companies and find you cheaper rates. If your premiums go up, they simply move your policy to a different company and you stay with the same agent.

If you are comparing car insurance prices, you definitely need to get some free quotes from at least one independent agent to ensure the widest selection of prices.

Shown below are independent insurance agents in Lubbock that are able to give price quote information.

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Car insurance coverage information

Understanding the coverages of your policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. These are typical coverage types offered by car insurance companies.

Liability insurance

Liability insurance protects you from damage that occurs to other people or property that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 30/60/25 which stand for $30,000 bodily injury coverage, a limit of $60,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for claims like court costs, medical expenses, pain and suffering, legal defense fees and attorney fees. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Texas state minimum liability requirements are 30/60/25 but you should think about purchasing more coverage.

The chart below shows why buying the state minimum limits may not be high enough to cover claims.

Collision coverage

This pays for damage to your Traverse resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like hitting a parking meter, crashing into a building, hitting a mailbox, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible on your Traverse to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for bills for EMT expenses, funeral costs and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, damage from flooding and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Chevy Traverse.

Because many people have only the minimum liability required by law (Texas limits are 30/60/25), their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Cover all your bases

Cheaper insurance in Lubbock can be bought both online and with local Lubbock insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies do not offer price quotes online and usually these small, regional companies work with independent agencies.

When getting Lubbock car insurance quotes online, it’s very important that you do not reduce needed coverages to save money. Too many times, an insured cut liability limits or collision coverage only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at the best cost but still have enough coverage for asset protection.

Much more information about insurance in Texas can be found at the links below

• Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
• Who Has Cheap Car Insurance Rates for a Learners Permit in Lubbock? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Kia Forte in Lubbock? (FAQ)
• Who Has Cheap Car Insurance for Used Cars in Lubbock? (FAQ)
• How Much are Auto Insurance Rates for Immigrants in Lubbock? (FAQ)
• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
• Rollover Crash FAQ (iihs.org)
• State Laws for Cellphones and Texting (iihs.org)
• Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)