Chevrolet Traverse Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Apr 7, 2024
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Average insurance prices for a Chevrolet Traverse are $1,186 every 12 months for full coverage insurance. Comprehensive insurance costs on average $270, collision costs $404, and liability insurance costs around $376. Liability-only coverage costs as low as $426 a year, with high-risk coverage costing $2,544 or more. 16-year-old drivers receive the highest rates at $4,402 a year or more.
Average premium for full coverage: $1,186
Rate estimates by individual coverage type:
Full coverage includes $500 deductibles, 30/60 bodily injury liability limits, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 states and for all Traverse models.
Price Range by Coverage and Risk
For an average driver, prices range go from the cheapest price of $426 for the bare minimum liability coverage to the much higher price of $2,544 for a driver who requires high-risk insurance.
Price Range by Location
Where you live has a significant impact on insurance rates. Rural areas tend to have more infrequent physical damage claims than congested cities.
The example below illustrates the effect of geographic area on car insurance rates.
These examples illustrate why everyone should compare prices based on a specific location and their own driving history, rather than relying on rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Information
The chart below illustrates estimated Chevrolet Traverse insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $692
- Using higher $1,000 deductibles will save around $152 each year
- The average price for a 40-year-old driver with $500 deductibles is $1,186
- Buying pricier low deductibles for physical damage coverage costs an extra $294 a year
- Drivers with multiple tickets or accidents could pay upwards of $2,544 or more
- The cost to insure a teen driver for full coverage may cost $4,402 or more
Car insurance rates for a Chevrolet Traverse can also vary considerably based on policy deductibles and limits, your risk profile, and the trim level of your Traverse.
Opting for high physical damage deductibles could cut rates by as much as $450 each year, whereas buying more liability protection will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $339 extra every 12 months. View Rates by Deductible or Liability Limit
A more mature driver with no driving violations and higher deductibles could pay as little as $1,100 a year for full coverage. Rates are highest for teen drivers, since even excellent drivers will be charged upwards of $4,400 a year. View Rates by Age
If you like to drive fast or you were responsible for an accident, you are probably paying at a minimum $1,400 to $1,900 extra per year, depending on your age. Chevrolet Traverse insurance for high-risk drivers can be anywhere from 43% to 132% more than the average rate. View High Risk Driver Rates
Where you live has a huge impact on Chevrolet Traverse insurance rates. A driver around age 40 might see rates as low as $770 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,600 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,070 | -$116 | -9.8% |
| Alaska | $910 | -$276 | -23.3% |
| Arizona | $984 | -$202 | -17.0% |
| Arkansas | $1,186 | -$0 | 0.0% |
| California | $1,350 | $164 | 13.8% |
| Colorado | $1,132 | -$54 | -4.6% |
| Connecticut | $1,216 | $30 | 2.5% |
| Delaware | $1,340 | $154 | 13.0% |
| Florida | $1,480 | $294 | 24.8% |
| Georgia | $1,098 | -$88 | -7.4% |
| Hawaii | $852 | -$334 | -28.2% |
| Idaho | $804 | -$382 | -32.2% |
| Illinois | $882 | -$304 | -25.6% |
| Indiana | $894 | -$292 | -24.6% |
| Iowa | $798 | -$388 | -32.7% |
| Kansas | $1,126 | -$60 | -5.1% |
| Kentucky | $1,614 | $428 | 36.1% |
| Louisiana | $1,754 | $568 | 47.9% |
| Maine | $732 | -$454 | -38.3% |
| Maryland | $980 | -$206 | -17.4% |
| Massachusetts | $944 | -$242 | -20.4% |
| Michigan | $2,060 | $874 | 73.7% |
| Minnesota | $992 | -$194 | -16.4% |
| Mississippi | $1,420 | $234 | 19.7% |
| Missouri | $1,052 | -$134 | -11.3% |
| Montana | $1,272 | $86 | 7.3% |
| Nebraska | $932 | -$254 | -21.4% |
| Nevada | $1,420 | $234 | 19.7% |
| New Hampshire | $856 | -$330 | -27.8% |
| New Jersey | $1,326 | $140 | 11.8% |
| New Mexico | $1,050 | -$136 | -11.5% |
| New York | $1,248 | $62 | 5.2% |
| North Carolina | $682 | -$504 | -42.5% |
| North Dakota | $972 | -$214 | -18.0% |
| Ohio | $816 | -$370 | -31.2% |
| Oklahoma | $1,216 | $30 | 2.5% |
| Oregon | $1,086 | -$100 | -8.4% |
| Pennsylvania | $1,130 | -$56 | -4.7% |
| Rhode Island | $1,580 | $394 | 33.2% |
| South Carolina | $1,074 | -$112 | -9.4% |
| South Dakota | $1,000 | -$186 | -15.7% |
| Tennessee | $1,038 | -$148 | -12.5% |
| Texas | $1,428 | $242 | 20.4% |
| Utah | $876 | -$310 | -26.1% |
| Vermont | $808 | -$378 | -31.9% |
| Virginia | $710 | -$476 | -40.1% |
| Washington | $914 | -$272 | -22.9% |
| West Virginia | $1,086 | -$100 | -8.4% |
| Wisconsin | $820 | -$366 | -30.9% |
| Wyoming | $1,054 | -$132 | -11.1% |
With so much variability in rates, the only way to figure out exactly what you will pay is to regularly compare rates from as many companies as possible. Each insurance company utilizes a different rate formula, so rate quotes can be significantly different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Chevrolet Traverse LS 2WD | $1,110 | $93 |
| Chevrolet Traverse LS AWD | $1,150 | $96 |
| Chevrolet Traverse LT 2WD | $1,150 | $96 |
| Chevrolet Traverse LT AWD | $1,212 | $101 |
| Chevrolet Traverse LTZ 2WD | $1,252 | $104 |
| Chevrolet Traverse LTZ AWD | $1,252 | $104 |
Rates assume 2021 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Traverse | $306 | $448 | $338 | $1,228 |
| 2023 Chevrolet Traverse | $296 | $436 | $354 | $1,222 |
| 2022 Chevrolet Traverse | $286 | $418 | $364 | $1,204 |
| 2021 Chevrolet Traverse | $270 | $404 | $376 | $1,186 |
| 2020 Chevrolet Traverse | $260 | $374 | $384 | $1,154 |
| 2019 Chevrolet Traverse | $250 | $352 | $388 | $1,126 |
| 2018 Chevrolet Traverse | $240 | $316 | $390 | $1,082 |
| 2017 Chevrolet Traverse | $224 | $292 | $390 | $1,042 |
| 2016 Chevrolet Traverse | $216 | $272 | $394 | $1,018 |
| 2015 Chevrolet Traverse | $210 | $254 | $402 | $1,002 |
| 2014 Chevrolet Traverse | $194 | $236 | $402 | $968 |
| 2013 Chevrolet Traverse | $190 | $214 | $406 | $946 |
| 2012 Chevrolet Traverse | $176 | $196 | $402 | $910 |
| 2011 Chevrolet Traverse | $166 | $178 | $402 | $882 |
| 2010 Chevrolet Traverse | $162 | $160 | $398 | $856 |
| 2009 Chevrolet Traverse | $158 | $156 | $390 | $840 |
Rates are averaged for all Chevrolet Traverse models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for More Affordable Chevrolet Traverse Insurance
Saving money on Chevrolet Traverse insurance requires not taking risks behind the wheel, maintaining a good credit score, avoid buying unnecessary coverage, and maximizing policy discounts. Take the time to compare rates at every other renewal by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.
The following is a summary of the concepts that were covered in the above illustrations.
- High-risk drivers who have multiple accidents or major violations pay on average $1,360 more each year for Traverse insurance
- Teens are expensive to insure, costing up to $367 per month if the policy includes full coverage
- It is possible to save as much as $140 per year simply by quoting online well ahead of the renewal date
- Increasing deductibles could save as much as $450 each year
- It is possible to save as much as $140 per year simply by quoting online well ahead of the renewal date
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,402 |
| 20 | $2,696 |
| 30 | $1,236 |
| 40 | $1,186 |
| 50 | $1,084 |
| 60 | $1,064 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,480 |
| $250 | $1,344 |
| $500 | $1,186 |
| $1,000 | $1,034 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,186 |
| 50/100 | $1,327 |
| 100/300 | $1,421 |
| 250/500 | $1,666 |
| 100 CSL | $1,365 |
| 300 CSL | $1,572 |
| 500 CSL | $1,722 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,268 |
| 20 | $4,286 |
| 30 | $2,598 |
| 40 | $2,544 |
| 50 | $2,426 |
| 60 | $2,400 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $63 |
| Multi-vehicle | $61 |
| Homeowner | $18 |
| 5-yr Accident Free | $83 |
| 5-yr Claim Free | $76 |
| Paid in Full/EFT | $52 |
| Advance Quote | $57 |
| Online Quote | $84 |
| Total Discounts | $494 |
Discounts are estimated and may not be available from every company or in every state.
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