Remarkably, a study showed that the vast majority of insurance customers have bought insurance from the same company for over three years, and roughly 40% of drivers have never compared rates to find lower-cost insurance. The average driver in Nevada can save hundreds of dollars each year just by comparing rates, but they underestimate how much money they would save if they switched.
Really, the only way to get cheaper Chevy Traverse insurance is to do a yearly price comparison from companies who can sell car insurance in Las Vegas.
First, get a basic knowledge of coverages and the steps you can take to keep rates in check. Many rating criteria that result in higher prices such as speeding tickets, careless driving and an imperfect credit score can be eliminated by making lifestyle changes or driving safer. Keep reading for additional ideas to find cheap prices and earn a bigger discount.
Second, compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive or State Farm, while independent agents can quote prices from many different companies.
Third, compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you can save money and buy the policy, ensure coverage does not lapse between policies.
Fourth, give notification to your current company of your decision to cancel your current car insurance policy. Submit payment and a signed application to your new insurance company. As soon as coverage is bound, put the new certificate verifying proof of insurance in an accessible location in your vehicle.
A valuable tip to remember is to try to compare identical deductibles and limits on every price quote and and to analyze every company you can. Doing this enables a level playing field and a complete price analysis.
Earn discounts on Las Vegas insurance
Some providers don’t always publicize every discount very well, so we break down some of the best known as well as the least known savings tricks you should be using when you buy Las Vegas car insurance online.
- No Claim Discounts – Drivers with accident-free driving histories have much lower rates when compared with policyholders that have many claims.
- Anti-lock Brake System – Cars with ABS and/or traction control can stop better under adverse conditions so you can save 10 percent or more.
- Military Deployment Discount – Being deployed in the military may lower your rates slightly.
- Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts could see savings of up to 25% or more.
- Student Driver Training – It’s a good idea to have your young drivers take driver’s ed class in high school.
- Low Miles Discount – Low annual miles could qualify for lower prices on the low mileage vehicles.
- Discounts for Multiple Vehicles – Having all your vehicles on a single policy qualifies for this discount.
You should keep in mind that most credits do not apply to the entire cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like you could get a free insurance policy, it’s just not the way it works. Any qualifying discounts will reduce the cost of your policy.
The example below illustrates the difference between Chevy Traverse insurance costs with and without discounts applied to the premium. The information is based on a male driver, no driving violations, no at-fault accidents, Nevada state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, claim-free, safe-driver, and multi-policy discounts applied.
A list of companies and a selection of discounts are detailed below.
- State Farm may include discounts for good student, anti-theft, driver’s education, safe vehicle, multiple autos, Drive Safe & Save, and good driver.
- GEICO policyholders can earn discounts including anti-lock brakes, membership and employees, emergency military deployment, good student, multi-vehicle, five-year accident-free, and seat belt use.
- Allstate includes discounts for senior citizen, auto/life discount, resident student, premier discount, FullPay discount, good student, and anti-lock brakes.
- SAFECO has savings for accident prevention training, teen safe driver, anti-lock brakes, safe driver, multi-car, drive less, and anti-theft.
- Farm Bureau has discounts for renewal discount, driver training, safe driver, youthful driver, 55 and retired, good student, and multi-vehicle.
- Progressive discounts include online signing, multi-policy, good student, continuous coverage, online quote discount, and multi-vehicle.
- AAA may have discounts that include multi-policy, good driver, pay-in-full, anti-theft, education and occupation, multi-car, and good student.
When getting a coverage quote, ask each insurance company how many discounts you can get. Some credits might not be offered on policies everywhere. If you would like to see a list of companies that can offer you the previously mentioned discounts in Nevada, follow this link.
The companies shown below have been selected to offer price quotes in Nevada. To find the cheapest auto insurance in Las Vegas, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.
Insurance data for a Chevy Traverse
The rate table shown next outlines different insurance premium costs for Chevy Traverse models. Being able to understand how auto insurance policy rates are calculated is important for you to make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $204 | $324 | $296 | $18 | $88 | $930 | $78 |
| Traverse LS AWD | $232 | $324 | $296 | $18 | $88 | $958 | $80 |
| Traverse LT 2WD | $232 | $324 | $296 | $18 | $88 | $958 | $80 |
| Traverse LT AWD | $232 | $394 | $296 | $18 | $88 | $1,028 | $86 |
| Traverse LTZ 2WD | $232 | $394 | $296 | $18 | $88 | $1,028 | $86 |
| Traverse LTZ AWD | $232 | $394 | $296 | $18 | $88 | $1,028 | $86 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Price estimates do not factor in vehicle location which can change insurance rates considerably.
Higher deductibles save money
When buying insurance, a common question is how high should the deductibles for physical damage be. The rates shown below determine the difference in cost of buying low and high physical damage deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $238 | $330 | $262 | $16 | $78 | $949 | $79 |
| Traverse LS AWD | $268 | $330 | $262 | $16 | $78 | $979 | $82 |
| Traverse LT 2WD | $268 | $330 | $262 | $16 | $78 | $979 | $82 |
| Traverse LT AWD | $268 | $402 | $262 | $16 | $78 | $1,051 | $88 |
| Traverse LTZ 2WD | $268 | $402 | $262 | $16 | $78 | $1,051 | $88 |
| Traverse LTZ AWD | $268 | $402 | $262 | $16 | $78 | $1,051 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $194 | $266 | $262 | $16 | $78 | $816 | $68 |
| Traverse LS AWD | $218 | $266 | $262 | $16 | $78 | $840 | $70 |
| Traverse LT 2WD | $218 | $266 | $262 | $16 | $78 | $840 | $70 |
| Traverse LT AWD | $218 | $324 | $262 | $16 | $78 | $898 | $75 |
| Traverse LTZ 2WD | $218 | $324 | $262 | $16 | $78 | $898 | $75 |
| Traverse LTZ AWD | $218 | $324 | $262 | $16 | $78 | $898 | $75 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Information does not factor in specific location which can impact price quotes greatly.
Based on the figures above, using a $250 deductible costs roughly $13 more each month or $156 every year across all Chevrolet Traverse models than requesting the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 19 months between claim filings, you would most likely save money going with the higher deductible.
The example below illustrates how your deductible choice and can affect Chevy Traverse insurance premiums for different age groups of insureds. The premiums are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
Rate difference between full and liability-only coverage
The example below shows the comparison of Chevy Traverse auto insurance costs with and without physical damage coverage. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
Should you be buying full coverage?
There is no set guideline to stop buying full coverage, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Chevy Traverse settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after the policy deductible has been paid. If it’s costing you more than $400 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are some conditions where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
Smart Consumers Can Lower Insurance Rates
Many things are part of the equation when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but other criteria are more transparent such as your marital status and annual miles driven.
-
Tickets and citations cost more than a fine – Your driving record has a big impact on rates. Drivers with clean records have lower premiums as compared to those with violations. Just one driving citation can boost insurance rates to the point where it’s not affordable. Drivers who have gotten serious citations such as reckless driving or DUI are required to maintain a SR-22 with their state DMV in order to keep their license.
The chart below highlights how traffic violations and at-fault accidents can affect Chevy Traverse yearly insurance costs for different age groups. Data assumes a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.
-
Does insurance coverage cost more for men? – Statistics show that females take fewer risks when driving. That doesn’t necessarily mean that men are worse drivers. Men and women cause at-fault accidents at about the same rate, but men tend to have more serious accidents. Men also tend to get ticketed for serious violations such as DWI and reckless driving. Males from age 16 to 21 are the most expensive to insure and thus pay the highest rates.
The example below shows the difference between Chevy Traverse insurance costs for male and female drivers. The data assumes no tickets, no at-fault accidents, full coverage, $250 deductibles, single status, and no discounts are applied.
- Rates can be impacted by your vocation – Did you know that where you work can have an impact on rates? Careers like military personnel, police officers, and miners generally have the highest average rates attributed to job stress and extremely grueling work hours. On the other hand, jobs like actors, engineers and homemakers generally pay rates lower than average.
- Vehicles with better crash test results means better insurance rates – Safe vehicles get lower rates. Vehicles built for safety reduce occupant injuries and reduced instances of injuries means your insurance company pays less which can result in lower premiums.
- Credit score impacts premium prices – Credit score can be a huge factor in determining what you pay. So if your credit score is lower than you’d like, you could save money insuring your Chevrolet Traverse by improving your rating. Insureds that have excellent credit scores tend to file fewer claims and have better driving records as compared to drivers with poor credit.
- More than one policy can earn a discount – Many insurance companies allow better rates to clients who consolidate policies with them such as combining an auto and homeowners policy. The discount can add up to anywhere from five to ten percent in most cases. If you currently are using one company, you may still want to comparison shop to ensure the best deal.There is a chance you can save more without the discount by splitting coverages up.
-
More performance means higher rates – The performance level of the car you drive makes a huge difference in your premium level. Economy passenger cars usually have the lowest premiums, but many other things help determine your insurance rates.
The chart below assumes a single female driver age 40, full coverage with $250 deductibles, and no discounts or violations. The chart compares Chevrolet Traverse policy rates compared to other vehicles that have a range of performance rating factors.
- How do annual miles impact rates? – Driving a lot of miles annually the higher your rates will be. A lot of companies apply a rate based on their usage. Autos left parked in the garage get more affordable rates than vehicles that are driven to work every day. An incorrectly rated Traverse may be wasting your money. Verify your declarations sheet is showing how each vehicle is driven, because it can save money.
-
Chevy Traverse insurance loss data – Auto insurance companies analyze claim trends for every vehicle when they set coverage costs for each model. Vehicles that historically have higher claim amounts or frequency will have increased rates.
The table below illustrates the actual insurance loss data for Chevy Traverse vehicles. For each policy coverage type, the loss probability for all vehicles, as a total average, is a value of 100. Values below 100 indicate a favorable loss history, while numbers shown that are more than 100 indicate frequent claims or an increased chance of larger losses than average.
Insurance Loss Ratings for Chevrolet Traverse Vehicles Specific Chevrolet 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 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare rate quotes but buy from a local Las Vegas insurance agency
Certain consumers prefer to talk to a local agent. Agents are very good at helping people manage risk and help in the event of a claim. One of the benefits of comparing rate quotes online is the fact that drivers can get cheap auto insurance rates and also buy local.
After completing this form (opens in new window), the quote information is transmitted to agents in your area that give free quotes for your insurance coverage. There is no need to leave your computer due to the fact that quote results will go instantly to you. If you wish to get a comparison quote from a specific company, just visit that company’s website and submit a quote form there.
Choosing the best provider should depend on more than just a cheap price. These are some valid questions you should ask.
- Are they paid to recommend certain coverages?
- Is there a 24/7 contact number?
- How does the company pay claims for a total loss?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- What company holds the largest book of business for them?
- What are their preferred companies if they are an independent agency?
- Are they full-time agents?
When searching for a reliable agent, it can be helpful to understand the different types of agencies to choose from. Auto insurance agencies are either exclusive or independent agents depending on their company appointments. Both properly insure your vehicles, but it’s a good idea to understand why they differ because it can impact the selection process.
Exclusive Auto Insurance Agencies
Exclusive insurance agents are contracted to one company such as Allstate, AAA, Farmers Insurance, and State Farm. They generally cannot provide other company’s prices so they have to upsell other benefits. Exclusive agents are highly trained on their company’s products which helps them compete with independent agents. Consumers sometimes use the same exclusive agent partially due to the prominence of the brand rather than having low rates.
Listed below are Las Vegas exclusive agents that can give you price quotes.
- Farmers Insurance: Kenny Redelsperger
4045 Spencer St #114 – Las Vegas, NV 89119 – (702) 735-0926 – View Map - Tom Ferrier – State Farm Insurance Agent
7528 Westcliff Dr – Las Vegas, NV 89145 – (702) 255-7770 – View Map - Marivic Macabasco – State Farm Insurance Agent
1096 E Sahara Ave #207 – Las Vegas, NV 89104 – (702) 892-9908 – View Map
Independent Insurance Agents
Agents of this type are appointed with more than one company so they can insure your vehicles with many different companies and possibly get better coverage at lower prices. If you want to switch companies, they can switch companies in-house which requires no work on your part. When searching for an agent, we highly recommend that you compare prices from several independent agencies to have the most options to choose from. Many independent agencies also insure through companies you’ve never heard of which can save you money.
Shown below is a list of independent insurance agents in Las Vegas willing to provide price quote information.
- Desert Shores Insurance Services
3211 N Tenaya Way #115 – Las Vegas, NV 89129 – (702) 363-8040 – View Map - Lanny Maren CIG Insurance Las Vegas
4175 S Riley St #200 – Las Vegas, NV 89147 – (702) 597-5998 – View Map - Nationwide Insurance: The Delbrocco Agency
5150 Spring Mountain, Unit 11 – Las Vegas, NV 89146 – (702) 730-0009 – View Map
Car insurance is not optional in Nevada
Even though it’s not necessarily cheap to insure a Chevy in Las Vegas, car insurance serves an important purpose.
- The majority of states have compulsory liability insurance requirements which means state laws require a minimum amount of liability protection in order to drive the car legally. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Chevy Traverse has a loan, most lenders will require you to have comprehensive coverage to guarantee loan repayment. If you let the policy lapse, the bank or lender will purchase a policy for your Chevy at a much higher premium rate and force you to pay for the expensive policy.
- Insurance safeguards not only your vehicle but also your assets. It will also provide coverage for many types of medical costs that are the result of an accident. Liability coverage will also pay for a defense attorney in the event you are sued. If mother nature or an accident damages your car, your car insurance policy will pay to repair the damage.
The benefits of carrying enough insurance outweigh the cost, especially with large liability claims. The average driver in Nevada is wasting up to $850 per year so smart consumers compare quotes once a year at a minimum to ensure rates are competitive.
What is YOUR best insurance company?
When shopping online for insurance, it’s a bad idea to buy poor coverage just to save money. In too many instances, someone sacrificed full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at an affordable rate, but do not sacrifice coverage to save money.
Affordable Chevy Traverse insurance in Las Vegas can be sourced from both online companies as well as from insurance agents, so you need to quote Las Vegas car insurance with both to get a complete price analysis. There are still a few companies who do not offer the ability to get quotes online and most of the time these regional carriers work with independent insurance agents.
Insureds who switch companies do it for any number of reasons including high prices, delays in responding to claim requests, denial of a claim and high rates after DUI convictions. Regardless of your reason, switching insurance companies is not as hard as you think.
To learn more, feel free to visit the resources below:
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- How Much is Auto Insurance for Ride Shares in Las Vegas? (FAQ)
- Who Has Cheap Las Vegas Auto Insurance Quotes for a Kia Optima? (FAQ)
- Who Has the Cheapest Las Vegas Auto Insurance Rates for Drivers with a DUI? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Requiring a SR22 in Las Vegas? (FAQ)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Auto Insurance Learning Center (State Farm)