How many times have you put off comparing quotes for cheaper Chevy Traverse insurance in Birmingham? No car owner fancies paying their premiums for auto insurance, especially when they could lower their rates if they shopped around.
A recent auto insurance study discovered that nearly 70% of drivers have remained with the same auto insurance company for at least four years, and approximately 40% of consumers have never even compared quotes to find cheaper rates. Consumers in Birmingham could save themselves approximately 40% a year by just shopping around, but most just don't grasp how much savings they would realize if they just switched companies.
Drivers have multiple insurance companies to choose from, and although it's a good thing to have multiple companies, more choices can make it harder to find a good deal for Chevy Traverse insurance in Birmingham.
Consumers should take time to compare rates as often as possible because auto insurance prices trend upward over time. Even if you think you had the lowest price on Chevy Traverse insurance in Birmingham two years ago other companies may now be cheaper. There is a lot of wrong information about Traverse insurance online, but in a few minutes you can learn some proven techniques to lower your auto insurance rates in Birmingham.
This article's goal is to help you learn how insurance works and some tips to save money. If you have a policy now, you should be able to get lower rates using this strategy. But Alabama consumers must understand how the larger insurance companies determine premium rates and use it to find better rates.
Most of the larger companies allow consumers to get pricing on the web. Obtaining pricing for Chevy Traverse insurance in Birmingham is pretty easy as all you need to do is type in the coverage amounts you desire as detailed in the form. Once you submit the form, the company's rating system requests your driving record and credit report and quotes a price based on these and other factors. Getting online rates for Chevy Traverse insurance in Birmingham simplifies rate comparisons, and it is important to do this in order to get the lowest payment on insurance.
To quickly compare pricing, compare rates from the companies below. If you have coverage now, it's recommended you input the coverage information exactly as shown on your declarations page. This ensures you are getting rate quotes for similar insurance coverage.
The auto insurance companies shown below provide price comparisons in Birmingham, AL. If more than one company is shown, it's highly recommended you get prices from several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$160||$228||$286||$16||$86||$776||$65|
|Traverse LS AWD||$218||$268||$296||$18||$88||$888||$74|
|Traverse LT 2WD||$288||$416||$346||$20||$104||$1,174||$98|
|Traverse LT AWD||$232||$348||$292||$18||$88||$978||$82|
|Traverse LTZ 2WD||$206||$364||$324||$20||$96||$1,010||$84|
|Traverse LTZ AWD||$156||$270||$324||$20||$96||$866||$72|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Prices do not factor in specific location which can affect rates significantly.
Full coverage versus liability only rates
The illustration below examines Chevrolet Traverse auto insurance costs with full coverage and liability only. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, single female driver, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no definitive formula to eliminate full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let's say your Chevrolet Traverse replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after the deductible is paid. If premium cost is more than $300 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are some scenarios where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not eliminate full coverage.
Car insurance prices based on gender
The diagram below visualizes the comparison of Chevrolet Traverse insurance prices for male and female drivers. The information is based on no violations or accidents, full coverage, $100 deductibles, single marital status, and no other discounts are factored in.
Three main reasons to buy insurance
Despite the high insurance cost for a Chevy Traverse in Birmingham, maintaining insurance serves an important purpose.
First, just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to get the vehicle licensed. In Alabama 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 bought your car with a loan, it's most likely the lender will require you to have comprehensive coverage to protect their interest in the vehicle. If you let the policy lapse, the bank will be required to insure your Chevy at an extremely high rate and make you pay the higher price.
Third, insurance protects not only your car but also your assets. Insurance will pay for most medical and hospital costs incurred in an accident. Liability coverage also covers legal expenses in the event you are sued. If your Chevy gets damaged, your policy will cover the repair costs.
The benefits of carrying enough insurance more than cancel out the cost, particularly if you ever have a claim. But the average driver in Alabama overpays more than $800 each year so you should quote your policy with other companies each time the policy renews to help ensure money is not being wasted.
Insurance quotes and discounts
Companies that sell car insurance don't list every disount available very well, so the list below contains a few of the more well known and the harder-to-find ways to save on insurance.
- Multi-policy Discount - When you have multiple policies with one company you could earn a discount of 10% to 20% off each policy.
- Seat Belts Save - Using a seat belt and requiring all passengers to use their safety belts may be able to save a few bucks off the medical payments premium.
- Student in College - Youth drivers who live away from home to go to college and won't have access to an insured vehicle can be insured at a reduced rate.
- Anti-theft System - Anti-theft and alarm system equipped vehicles help deter theft and therefore earn up to a 10% discount.
- Homeowners Savings - Owning a home in Birmingham can save you money because of the fact that having a home is proof of financial responsibility.
- Auto/Life Discount - Not every insurance company offers life insurance, but if they do you may earn a lower price if you buy a life insurance policy as well.
- Early Payment Discounts - If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though the math looks like you would end up receiving a 100% discount, company stockholders wouldn't be very happy.
A list of insurance companies and some of the premium reductions they offer can be found below.
- American Family includes discounts for mySafetyValet, defensive driver, air bags, multi-vehicle, early bird, and bundled insurance.
- Farm Bureau may include discounts for good student, safe driver, driver training, youthful driver, multi-policy, multi-vehicle, and renewal discount.
- State Farm offers discounts for good student, accident-free, multiple autos, good driver, anti-theft, and defensive driving training.
- Travelers may have discounts that include early quote, home ownership, multi-policy, payment discounts, new car, and save driver.
- The Hartford offers discounts including defensive driver, anti-theft, air bag, bundle, and vehicle fuel type.
- GEICO has discounts for military active duty, five-year accident-free, defensive driver, driver training, membership and employees, anti-lock brakes, and federal employee.
- Progressive discounts include online quote discount, homeowner, online signing, multi-policy, continuous coverage, good student, and multi-vehicle.
When comparing rates, check with each company or agent which discounts you may be entitled to. Some of the discounts discussed earlier might not be offered in Birmingham.
Insurance agencies near you
Many people still prefer to buy from a local agent and that can be a great decision The biggest benefit of comparing rates online is that you can obtain cheap rate quotes but also keep your business local. And buying from neighborhood agents is definitely important in Birmingham.
To help locate an agent, after submitting this short form, the coverage information is immediately sent to agents in your area who will give competitive quotes for your coverage. It makes it easy because there is no need to visit any agencies because quoted prices will be sent directly to you. You can find the lowest rates and a licensed agent to talk to. If you have a need to get a price quote from a specific company, don't hesitate to find their quoting web page and give them your coverage information.
Do you need an independent or exclusive auto insurance agent?
When searching for a local Birmingham insurance agency, you must know there are a couple different types of agents to choose from. Agencies in Birmingham can be described as either independent agents or exclusive agents depending on their employer.
Agents that choose to be independent are not employed by one company so they can write business through lots of different companies and find the cheapest rate. If your premiums go up, they simply switch companies in-house and you don't have to find a new agent.
When comparing rates, you definitely need to compare prices from a few independent agents to have the best price comparison.
Shown below is a short list of independent insurance agencies in Birmingham who can help you get cheap rate quotes.
Alabama Insurance Agency, Inc.
1100 Corporate Dr Suite 100 - Birmingham, AL 35242 - (205) 397-2462 - View Map
Agents that choose to be exclusive can only write with one company like AAA, Allstate, State Farm, or Farmers Insurance. These agents are unable to shop your coverage around so if the price isn't competitive there isn't much they can do. Exclusive agencies are usually well trained on sales techniques which helps them sell on service rather than price.
The following are Birmingham exclusive insurance agents willing to provide rate quotes.
Theo Hawthorne - State Farm Insurance Agent
2430 Green Springs Hwy Ste - Birmingham, AL 35209 - (205) 941-3232 - View Map
Choosing a insurance agency needs to be determined by more than just the price. Here are some questions to ask:
- Is the agency active in community causes in Birmingham?
- Can you use your own choice of collision repair facility?
- Will the company cover a rental car if your car is getting fixed?
- Does the company have a local claim office in Birmingham?
- If you have an accident, will your rates go up?
When to get professional advice
When it comes to choosing your policy for your vehicles, there is no "perfect" insurance plan. You are unique.
For instance, these questions might help in determining whether you would benefit from an agent's advice.
- Can my babysitter drive my car?
- Do I benefit by insuring my home with the same company?
- Does my personal policy cover me when driving out-of-state?
- When do I need to add a new car to my policy?
- Do I need motorclub coverage?
- Is my camper covered by my car insurance policy?
- What does UM/UIM cover?
- Does low annual mileage earn a discount?
If you're not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form.
Shop smart and save
Discount Chevy Traverse insurance in Birmingham can be sourced both online as well as from independent agents in Birmingham, so you should compare both to have the best chance of lowering rates. Some insurance companies do not offer online price quotes and usually these regional carriers only sell through independent agents.
Insureds leave their current company for a variety of reasons including high rates after DUI convictions, delays in responding to claim requests, unfair underwriting practices and policy cancellation. It doesn't matter why you want to switch finding the right insurance provider is actually quite simple.
We covered many tips how you can reduce Chevy Traverse insurance car insurance rates online in Birmingham. The key thing to remember is the more price quotes you have, the better likelihood of getting low cost Birmingham car insurance quotes. You may even be surprised to find that the lowest priced insurance comes from a smaller regional carrier.
Additional detailed information is available by following these links: