Would you prefer to buy more affordable Chevy Traverse insurance in Columbia? Searching for low-cost insurance for your Chevy Traverse in South Carolina can turn out to be a lot of work, but you can use these tips and make it easy.
There is a better way to shop for car insurance so we're going to tell you the best way to compare rates for a Chevy and find the best price possible from Columbia insurance agents and online providers.
The companies shown below provide free rate quotes in South Carolina. If multiple companies are shown, it's a good idea that you get rates from several of them to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$258||$420||$350||$20||$106||$1,154||$96|
|Traverse LS AWD||$256||$358||$328||$20||$98||$1,060||$88|
|Traverse LT 2WD||$220||$270||$298||$18||$90||$896||$75|
|Traverse LT AWD||$318||$600||$378||$22||$112||$1,430||$119|
|Traverse LTZ 2WD||$256||$436||$328||$20||$98||$1,138||$95|
|Traverse LTZ AWD||$292||$512||$350||$20||$106||$1,280||$107|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Prices do not factor in specific Columbia garaging location which can decrease or increase premium rates substantially.
Should you buy full coverage?
The chart below illustrates the comparison of Chevrolet Traverse car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no claims or violations, $1,000 deductibles, married male driver, and no discounts are applied to the premium.
When to buy liability coverage only
There is no definitive guideline of when to phase out full coverage, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let's pretend your Chevrolet Traverse replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying your deductible. If it's costing you more than $800 annually to have full coverage, then it could be time to drop full coverage.
There are some scenarios where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Save a ton on Chevy Traverse insurance in Columbia with these discounts
Insurance is not cheap nor is it fun to buy but you might already qualify for some discounts that can help lower your rates. Some discounts will apply at the time you complete a quote, but once in a while a discount must be asked for prior to getting the savings.
- Telematics Data - Drivers that enable driving data submission to spy on when and where they use their vehicle by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive may see discounts if they are good drivers.
- Memberships - Participating in a qualifying organization could earn you a nice discount on your next renewal.
- Anti-lock Brakes - Cars equipped with ABS or steering control can avoid accidents so companies give up to a 10% discount.
- Home Ownership Discount - Being a homeowner can get you a discount because owning a home requires personal responsibility.
- Senior Citizen Rates - Drivers that qualify as senior citizens can possibly qualify for better insurance rates.
- Driver Education Discount - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if it's offered in school.
Don't be shocked that most credits do not apply to the whole policy. Most only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you could get a free insurance policy, it doesn't quite work that way.
Some of the larger companies that may offer policyholders some of the discounts shown above include:
If you need lower rates, check with each company what discounts are available to you. Some credits might not be offered everywhere. To locate insurance companies offering insurance discounts in Columbia, click here to view.
Local neighborhood Columbia car insurance agents
Certain consumers would prefer to go talk to an agent and that is a personal choice. Good insurance agents are highly skilled in risk management and help in the event of a claim. The biggest benefit of comparing auto insurance online is you can get lower rates and still buy from a local agent. And supporting local agents is important particularly in Columbia.
To find an agent, once you fill out this short form, your coverage information is instantly submitted to local insurance agents in Columbia that give free quotes to get your business. You won't need to find an agent as quotes are delivered instantly to you. If you wish to get a rate quote from a specific company, you would need to jump over to their website and submit a quote form there.
If you would like to find a reputable agency, it can be helpful to understand the different agency structures and how they operate. Insurance agencies in Columbia can be classified as either exclusive agents or independent agents. Either one can handle auto insurance, but it's important to know the differences because it can influence your agent selection.
Independent Insurance Agents
Agents that choose to be independent are not locked into one company so they can insure your vehicles with multiple insurance companies and get the cheapest rates. If you want to switch companies, the agent simply finds a different carrier and you won't have to switch agencies. If you need cheaper auto insurance rates, we recommend you get several quotes from independent agents in order to have the best price comparison. Most also write with additional companies that you may not be familiar with which may provide better rates.
Below is a list of independent agents in Columbia that can possibly get you pricing information.
- Nationwide Insurance: Ernie Yarborough Jr
1034 Briargate Cir - Columbia, SC 29210 - (803) 798-0692 - View Map
- Claxton Insurance Agency
7008 Shakespeare Rd - Columbia, SC 29223 - (803) 400-1911 - View Map
- Livingston Insurance Agency
100 9th St - West Columbia, SC 29169 - (803) 791-1120 - View Map
Exclusive Auto Insurance Agencies
Exclusive agencies can only place business with one company like Allstate and State Farm. These agents are unable to shop your coverage around so it's a take it or leave it situation. Exclusive agencies are well schooled on what they offer and that allows them to sell at a higher price point. A lot of people buy insurance from these agents primarily because of the brand rather than low price.
Below is a short list of exclusive insurance agents in Columbia that can give you price quotes.
- Jimmy Gilbert Jr - State Farm Insurance Agent
1303 Assembly St Ste A - Columbia, SC 29201 - (803) 799-3077 - View Map
- Wayne Thierrien - State Farm Insurance Agent
9016 Farrow Rd Ste A - Columbia, SC 29203 - (803) 736-5999 - View Map
- Trey Webb - State Farm Insurance Agent
111 Sparkleberry Crossing Rd #10 - Columbia, SC 29229 - (803) 788-9188 - View Map
Picking an insurance agency requires more thought than just the bottom line cost. Below are some questions you should ask.
- Will your rates increase after a single accident?
- Can glass repairs be made at your home?
- What discounts might you be missing?
- Where are claims handled?
- Is there a 24/7 contact number?
- How does the company pay claims for a total loss?
- Will you get a loaner vehicle if you car is being repaired?
Chevy Traverse Insurance Rates Can Be Lower
Multiple criteria are considered when premium rates are determined. Some of the criteria are obvious such as your driving record, but others are more transparent such as your credit history or how safe your car is. The best way to find cheaper car insurance is to take a look at the factors that help calculate the rates you pay for car insurance. When consumers understand what influences your rates, this empowers consumers to make smart changes that may result in big savings.
Listed below are some of the factors car insurance companies consider when setting your rate level.
Costs increase with policy add-ons - Insurance policies have a lot of extra bells and whistles that sound like a good idea at the time if you don't pay attention. Coverage for things like coverage for rental cars, accidental death, and extra life insurance coverage may not be needed and are just wasting money. These coverages may sound good initially, but if they're wasting money eliminate the coverages to reduce your premium.
Responsible credit equals lower costs - An insured's credit score factor in your rate calculation. If your credit history can be improved, you could save money insuring your Chevrolet Traverse by repairing your credit. Drivers with very high credit ratings tend to be more responsible and file fewer claims than drivers with bad credit.
More than one policy can earn a discount - Most major companies will award discounts to policyholders who carry more than one policy such as combining an auto and homeowners policy. Even if you qualify for this discount already, it's always a smart idea to shop around to confirm you are receiving the best rates possible.
Liability coverage preserves assets - Liability coverage is the protection if ever you are responsible for causing damage or personal injury in an accident. Your policy's liability insurance provides legal defense which can cost thousands of dollars. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should carry high limits.
Chevy Traverse claim statistics - Insurance companies use past insurance losses in order to profitably underwrite each model. Models that statistically have increased claim numbers or amounts will have higher rates. The next table shows the compiled insurance loss statistics for Chevy Traverse vehicles.
For each policy coverage type, the statistical loss for all vehicles compiled together is set at 100. Values under 100 indicate better than average losses, while numbers that are greater than 100 show a trend for more claims or an increased likelihood of larger losses.
Insurance Loss Ratings for Chevrolet Traverse Vehicles
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Traverse 4dr 2WD||75||101||72||93||90||90|
|Chevrolet Traverse 4dr 4WD||72||91||82||78||76||78|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Protect your Chevy vehicle and other assets
Even though it can be expensive, car insurance is most likely required but also gives you several important benefits.
First, just about all states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability protection in order to license the vehicle. In South Carolina these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your vehicle, most banks will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totalled. If you cancel or allow the policy to lapse, the bank may buy a policy for your Chevy at a significantly higher premium and make you pay for the expensive policy.
Third, insurance safeguards not only your Chevy Traverse but also your assets. Insurance will pay for medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to have it repaired.
The benefits of carrying enough insurance outweigh the cost, especially with large liability claims. Unknowingly, the average driver is currently overpaying as much as $820 a year so you should quote your policy with other companies each time the policy renews to ensure rates are competitive.
Be persistent to save money
Insureds switch companies for a number of reasons such as lack of trust in their agent, questionable increases in premium, policy non-renewal or even being labeled a high risk driver. Regardless of your reason for switching companies, switching car insurance companies is not as difficult as it may seem.
Budget-conscious Chevy Traverse insurance can be bought online as well as from insurance agents, so you need to shop Columbia car insurance with both to have the best selection. A few companies may not offer online quoting and most of the time these smaller companies prefer to sell through independent agents.
You just read many ways to get a better price on Chevy Traverse insurance in Columbia. The key thing to remember is the more you quote Columbia car insurance, the higher your chance of finding affordable Chevrolet Traverse insurance quotes. You may even find the lowest auto insurance rates come from some of the lesser-known companies.
Even more information is available by following these links:
- Get the Right Protection (InsureUonline.org)
- What Car Insurance is Cheapest for Hybrid Vehicles in South Carolina? (FAQ)
- Preventing Carjacking and Theft (Insurance Information Institute)
- State Car Insurance Guides (GEICO)
- Older Drivers FAQ (iihs.org)