Inconceivable but true, the vast majority of auto insurance customers have bought auto insurance from the same company for over three years, and about 40% of consumers have never quoted rates to find cheap coverage. Many drivers in Oklahoma can save 35% each year, but they just don’t understand the actual amount they would save if they just switched companies.
The best way we recommend to find cheaper Chevy Traverse insurance in Tulsa is to regularly compare price quotes from providers in Oklahoma. Prices can be compared by following these steps.
Step 1: Spend a few minutes and learn about individual coverages and the things you can control to lower rates. Many things that result in higher prices such as inattentive driving and a lousy credit rating can be amended by making small lifestyle or driving habit changes. This article provides more details to get better rates and find more discounts that you may not know about.
Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO and State Farm, while agents who are independent can quote prices from multiple insurance companies.
Step 3: Compare the quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate, make sure coverage is continuous and does not lapse.
The key thing to know about shopping around is to use similar limits and deductibles on every price quote and and to look at as many companies as you can. This helps ensure a fair rate comparison and a complete selection of prices.
Buying the cheapest car insurance in Tulsa can really be easy if you know what you’re doing. If you are already insured or just want to save money, use these money-saving tips to get lower rates without reducing protection. Drivers just have to know the most time-saving way to compare rates online.
Detailed insurance information
The coverage information displayed next covers a range of insurance coverage prices for Chevy Traverse models. Being able to understand how insurance premiums are determined can be of help when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Traverse LS 2WD | $208 | $296 | $388 | $24 | $116 | $1,032 | $86 |
| Traverse LS AWD | $234 | $296 | $388 | $24 | $116 | $1,058 | $88 |
| Traverse LT 2WD | $234 | $296 | $388 | $24 | $116 | $1,058 | $88 |
| Traverse LT AWD | $234 | $360 | $388 | $24 | $116 | $1,122 | $94 |
| Traverse LTZ 2WD | $234 | $360 | $388 | $24 | $116 | $1,122 | $94 |
| Traverse LTZ AWD | $234 | $360 | $388 | $24 | $116 | $1,122 | $94 |
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in garaging location in Tulsa which can modify prices substantially.
The information below demonstrates how choosing different deductibles and can change Chevy Traverse insurance costs for different insured age categories. The price estimates are based on a single female driver, full coverage, and no discounts are taken into consideration.
Insurance premiums by gender
The chart below illustrates the difference between Chevy Traverse auto insurance rates for male and female drivers. The rates are based on no claims or driving citations, comp and collision included, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Full coverage or liability only
The chart below illustrates the comparison of Chevy Traverse insurance rates with full coverage compared to only the Oklahoma minimum liability coverage. The data assumes no accidents, no driving violations, $1,000 deductibles, single marital status, and no other discounts are factored in.
When to stop buying full coverage
There is no written rule to exclude comp and collision coverage, but there is a general convention. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Chevy Traverse claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $4,000 after paying your deductible. If premiums are more than $400 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are a few situations where dropping physical damage coverage is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Chevy Traverse Insurance Rate Factors
It’s important that you understand some of the factors that help determine the rates you pay for car insurance. If you have some idea of what impacts premium levels, this allows you to make educated decisions that could result in lower premium levels. Lots of things are part of the calculation when premium rates are determined. Some factors are common sense such as traffic violations, but others are not quite as obvious such as your credit history or how safe your car is.
The factors shown below are a few of the things utilized by car insurance companies to help set your rate level.
Vehicle theft costs us all – Choosing a vehicle with anti-theft technology or alarm system can help lower your premiums. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent auto theft.
Discounts for married couples – Having a spouse actually saves money when buying car insurance. Having a spouse means you’re more stable financially and statistics show drivers who are married are more cautious.
Your occupation is a factor – Do you work in a high-stress field? Occupations like real estate brokers, executives, and financial analysts tend to have the highest average rates in part from high stress and long work days. Conversely, occupations like actors, engineers and performers have lower than average premiums.
Policy add-ons could be costing you – There are many additional extra coverages that you can buy if you don’t pay attention. Things like personal injury protection, accidental death, and membership fees may be costing you every month. These may sound like a good investment when deciding what coverages you need, but if you have no use for them remove them from your policy.
With age comes lower prices – Inexperience drivers tend to be less responsible behind the wheel so car insurance rates are higher. Having to add a teen driver onto a policy can be very expensive. Older drivers are more cautious drivers, tend to cause fewer accidents, and are generally more financially stable.
The following data uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Drive a fast car and pay more – The type of vehicle you need insurance for makes a huge difference in your auto insurance rates. The lowest premiums will generally be found on lower performance four cylinder passenger cars, but there are many factors that impact the final cost.
The following data uses these assumptions: married male driver age 30, full coverage with $100 deductibles, and no discounts or violations. It compares Chevrolet Traverse policy rates compared to other models that have different performance rating factors.
Bad credit will cost you – Credit history factor in determining your rates. Drivers who have very high credit ratings tend to be better risks to insure than drivers with poor credit. So if your credit score can use some improvement, you could save money insuring your Chevrolet Traverse by improving your credit score.
Chevy Traverse insurance claim data – Insurers use claims history to help set a rate to offset losses. Vehicles that statistically have higher prevalence or dollar amount of losses will have increased rates. The information below illustrates the compiled insurance loss statistics for Chevy Traverse vehicles.
For each policy coverage, the loss probability for all vehicles, regardless of manufacturer or model, is a value of 100. Values that are 100 or less indicate better than average losses, while values that are above 100 indicate more frequent losses or tendency to have larger claims.
| Make and 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Which auto insurance company is best in Tulsa?
Insuring your vehicle with the highest-rated insurance company can be challenging considering how many companies are available to choose from in Tulsa. The ranking information shown next could help you select which auto insurers to look at comparing price quotes from.
Top 10 Tulsa Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 Tulsa Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Final considerations
As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. In many cases, someone dropped comprehensive coverage or liability limits only to regret they didn’t purchase enough coverage. Your strategy should be to buy enough coverage at a price you can afford, but don’t skip important coverages to save money.
We just covered many ways to save on Chevy Traverse insurance in Tulsa. The most important thing to understand is the more companies you get premium rates for, the higher your chance of finding affordable Tulsa auto insurance quotes. Consumers could even find that the lowest auto insurance rates are with a small mutual company. Smaller companies may have significantly lower premium rates on certain market segments compared to the large companies like State Farm or Progressive.
Other resources
- Understanding Rental Car Insurance (Insurance Information Institute)
- What Auto Insurance is Cheapest for Drivers Over Age 50 in Tulsa? (FAQ)
- Who Has Cheap Tulsa Auto Insurance Quotes for Drivers with Accidents? (FAQ)
- What Insurance is Cheapest for Drivers Over Age 70 in Tulsa? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)