Buying economical car insurance for a Chevrolet Traverse in California depends on a lot of rating criteria such as whether you own a home, your address, and if you have tickets or violations. California drivers pay around $1,201 annually to insure their Traverse, but that cost is using a 30-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.
More likely than not, you are not 30 years old and maybe not even female, maybe you are single instead of married, or maybe you live in a different area as the quoted rates. Insurance is an individual thing, so the way we recommend to find cheap car insurance rates for your Chevrolet is to just compare rates yourself. Quotes only take a couple of minutes and you will receive prices from some of the best insurers around.
The trim level of your Traverse has an effect on the cost of insurance, so the price you pay to insure a Traverse LS 2WD trim level will be $142 less than the insurance cost for the more costly Traverse LTZ AWD trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$332||$464||$384||$22||$114||$1,316||$110|
|Traverse LS AWD||$374||$464||$384||$22||$114||$1,358||$113|
|Traverse LT 2WD||$374||$464||$384||$22||$114||$1,358||$113|
|Traverse LT AWD||$374||$564||$384||$22||$114||$1,458||$122|
|Traverse LTZ 2WD||$374||$564||$384||$22||$114||$1,458||$122|
|Traverse LTZ AWD||$374||$564||$384||$22||$114||$1,458||$122|
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium costs do not factor in specific zip code location which can modify coverage prices considerably.
Choosing the best car insurance company is hard considering how many companies there are in Stockton. The ranking data in the lists below may help you select which insurers you want to consider when shopping insurance around for a Chevrolet Traverse. These rankings only include large, nationwide insurance companies, so smaller companies that only insure vehicles in California are not included in the list.
Top 10 Large Car Insurance Companies in Stockton Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Progressive – A+
- Titan Insurance – A+
Top 10 Large Car Insurance Companies in Stockton Ranked by Customer Service
- AAA of Southern California
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
Get discounts on Stockton insurance rates
Insurance companies that offer quotes for a Chevrolet Traverse could also offer rate discounts that could reduce prices by 30% or more if you are eligible for them. The best insurance companies and their possible discounts are shown below.
- American Family offers discounts for good student, good driver, mySafetyValet, defensive driver, early bird, accident-free, and Steer into Savings.
- State Farm policyholders can earn discounts including multiple autos, good student, Drive Safe & Save, defensive driving training, and driver’s education.
- 21st Century may include discounts for driver training, air bags, homeowners, early bird, student driver, and theft prevention.
- Travelers has discounts for new car, save driver, hybrid/electric vehicle, multi-car, payment discounts, multi-policy, and early quote.
- GEICO includes discounts for military active duty, air bags, multi-vehicle, daytime running lights, and five-year accident-free.
The diagram below shows the difference between yearly insurance costs with and without discounts being applied to the rates. Data assumes a female driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with anti-theft, homeowner, marriage, passive restraint, defensive driving course, and vehicle safety discounts applied. When discounts are factored in, theaverage yearly reduction on insurance for a Chevrolet Traverse is 28% or $500.
Accidents and violations increase rates
The easiest way to snag the cheapest insurance prices for a Traverse is to be a safe driver and avoid accidents and traffic citations. The illustration below illustrates how speeding tickets and at-fault fender-benders can influence insurance costs for each age group. The rates are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Stockton per year with a clean driving record and no accidents is $2,477. Factor in one speeding ticket and the average cost rises to $2,805, an increase of $328 each year. Then add one accident along with the one speeding ticket and the yearly cost of insurance for a Chevrolet Traverse increases to an average of $3,723. That’s an increase of $1,246, or $104 per month, just for not being more responsible behind the wheel!
Cost comparison with and without full coverage
Saving money on insurance should be important to most drivers, and one easy way to save on the cost of insurance for a Chevrolet Traverse is to buy liability only. The information below shows the comparison of car insurance rates with full physical damage coverage compared to only buying liability only. The costs are based on no claims or driving violations, $1,000 deductibles, single marital status, and no additional discounts are factored in.
Averaged for all age groups, physical damage coverage costs $1,883 per year over and above liability coverage. That may make you wonder if paying for full coverage is a waste of money. There is no definitive formula to exclude physical damage coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.