What Insurance is Cheapest for a Chevrolet Traverse in Madison?

Finding economical insurance for a Chevrolet Traverse in Wisconsin is pretty easy for most people, but it depends on a large number of factors such as when you were born, the condition of your credit, and driving violations and tickets. Drivers in Wisconsin will pay on average $688 each year to insure their Traverse, but that is an estimation using a 30-year-old married female driver with full coverage and $100 deductibles.

Most likely you are not 30 and maybe not even a female, maybe you are single instead of married, or maybe you are just looking for cheap liability insurance. This shows why the best method for finding cheap car insurance rates for your Chevrolet is to do the rate comparisons yourself.

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The specific trim level tends to impact the annual cost of coverage, so the price you will pay to insure a Traverse LS 2WD will cost $86 less than the cost to insure the more costly Traverse LTZ AWD model, as shown in the table below.

Chevrolet Traverse Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Traverse LS 2WD $192 $288 $200 $12 $60 $752 $63
Traverse LS AWD $216 $288 $200 $12 $60 $776 $65
Traverse LT 2WD $216 $288 $200 $12 $60 $776 $65
Traverse LT AWD $216 $350 $200 $12 $60 $838 $70
Traverse LTZ 2WD $216 $350 $200 $12 $60 $838 $70
Traverse LTZ AWD $216 $350 $200 $12 $60 $838 $70
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in zip code location which can decrease or increase coverage rates noticeably.

Finding a high-quality insurance company can be a challenge considering how many companies provide coverage in Wisconsin. The rank data in the lists below may help you pick which auto insurers you want to consider purchasing a policy from. The rankings below only include the largest auto insurers in America, so smaller companies will not be included in these rankings.

Top 10 Large Car Insurance Companies in Madison Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. Liberty Mutual
  6. State Farm
  7. Allstate
  8. Safeco Insurance
  9. Travelers
  10. 21st Century

Top 10 Large Car Insurance Companies in Madison Ranked by Customer Satisfaction

  1. USAA – 92%
  2. Erie Insurance – 88%
  3. American Family – 88%
  4. State Farm – 88%
  5. Nationwide – 88%
  6. 21st Century – 88%
  7. AAA Insurance – 87%
  8. Liberty Mutual – 87%
  9. Farmers Insurance – 87%
  10. The Hartford – 87%

Responsible drivers pay cheaper car insurance rates

One of the best ways to earn good car insurance rates in Wisconsin for a Traverse is to drive safe and have a clean driving record. The chart below shows how traffic citations and at-fault claims drive up annual premium costs for different categories of driver ages. The costs are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

In the previous chart, the average cost of an auto insurance policy per year with no violations or accidents is $1,170. Add in two speeding tickets and the average cost swells to $1,665, an increase of $495 each year. Now add in two accidents along with the two speeding tickets and the annual cost of car insurance for a Chevrolet Traverse increases to an average of $3,315. That’s an increase of $2,145, or $179 per month, just for being a less-than-perfect driver!

You are probably paying too much for Traverse insurance

Wisconsin car insurance rates are impacted by many things which can significantly increase or decrease the price of coverage. Turning one year older, getting divorced, or getting a ticket for running a stop sign can cause premium changes that can now make some companies more affordable than others.

In addition, insurers change the rates they charge in Wisconsin without warning to adjust for heavy claims or excess profits. Significantly higher claims can cause increased policy costs, while a better loss history may cause lower-cost Traverse insurance rates.

To illustrate this example, the chart below shows which company has the cheapest car insurance in Madison, WI for a 40-year-old male driver with a clean driving record, no accidents, and solid credit. When quoting prices based on his current situation, USAA offers the best car insurance rates in Madison at $646 annually. This is $515 less than the average rate paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Nationwide, and Rockford Mutual are the remainder of the cheapest Madison, WI auto insurance companies.

In the next rate comparison, we’ll give the driver from the first set of rates some claims, poor credit, and a couple of points charged on his driving record. Because every insurance company uses their own calculation to determining premium rates, comparing rates may now result in a completely different list of the cheapest companies as shown below.

Rural Mutual Insurance now has the cheapest price in Madison, WI with Western National, Integrity Mutual, Travelers, and West Bend Mutual completing the list. This demonstrates why Wisconsin drivers need to spend some time comparing rates to get the most affordable insurance quotes for a Chevrolet Traverse.

Rates are made up of many different factors and change frequently, so the most affordable company two years ago may now be quite expensive.

How to find budget-friendly car insurance for a Chevrolet Traverse

The list below details some money-saving suggestions that can help Wisconsin drivers find low-cost coverage.

The final tip is incredibly important, as was stressed in the article above. Insurance rates go up and down frequently, so drivers shouldn’t be reluctant to buy a policy from a new company if a lower price can be found.

Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that devotion results in you overpaying money that could be going to better use. It only takes a couple minutes to shop around and find cheaper auto insurance for a Chevrolet Traverse in Madison.

The insurance agencies below can help you determine which auto insurance policy would work best for you, as many consumers aren’t sure which coverage to buy and prefer to have some advice when shopping around for cheaper insurance for a Chevrolet Traverse. It can be difficult to find the cheapest rate yourself, so using a licensed agent can give you satisfaction knowing your policy gives you adequate asset protection. To find an agent using an interactive map, click the button below the list.

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