Chevrolet Traverse Insurance Rates

The average insurance rates for a Chevrolet Traverse are $1,204 a year with full coverage. Comprehensive costs an estimated $286 a year, collision costs $418, and liability costs $364. Buying just liability costs as little as $416 a year, with insurance for high-risk drivers costing around $2,580. Teenage drivers cost the most to insure at $4,426 a year or more.

Average premium for full coverage: $1,204

Policy rates broken down by type of insurance:

Rate estimates include $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and Traverse trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. More rural locations are shown to have a lower frequency of collision claims than densely populated cities.

The diagram below illustrates how location impacts insurance prices.

The examples above demonstrate why it is important to compare rates for a targeted area and risk profile, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

Detailed Rate Analysis

The chart below details estimated Chevrolet Traverse insurance rates for other coverage scenarios.

• The best discount rate is $704
• Drivers who choose higher $1,000 deductibles will pay approximately $1,044 annually
• The average rate for a good driver age 40 who has $500 deductibles is $1,204
• Using low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,512
• Drivers who are prone to accidents and violations could pay up to $2,580 or more
• Policy cost for full coverage for a 16-year-old driver can cost as much as $4,426 a year

View Chart as Image

Insurance rates for a Chevrolet Traverse also range considerably based on your risk profile, the trim level and model year, and liability limits and deductibles.

Older drivers with a clean driving record and high deductibles may pay as low as $1,100 per year on average, or $92 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay at least $4,400 a year. View Rates by Age

Your home state makes a big difference in Chevrolet Traverse insurance prices. A 40-year-old driver could pay as low as $870 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,620 on average in New York, Michigan, and Florida.

View Chart as Image

Using high physical damage deductibles could save up to $470 annually, while buying higher liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $327 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out $1,400 to $1,900 extra every year, depending on your age. A high-risk auto insurance policy can cost from 43% to 130% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to find out which auto insurance is cheapest is to get quotes from multiple companies. Every company uses a different method to calculate rates, so the rates will be varied from one company to the next.

Insurance Rates by Trim Level and Model Year

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.

How to Find the Best Chevrolet Traverse Insurance

Finding cheaper rates on insurance for a Chevrolet Traverse not only requires being a low-risk driver, but also maintaining good credit, not filing small claims, and taking advantage of discounts. Spend time shopping around every other policy renewal by quoting rates from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The items below are a brief recap of the ideas that were touched on above.

• Teen drivers are charged the highest rates, as much as $369 each month for full coverage
• Drivers considered higher risk who tend to receive serious violations may pay on average $1,380 more annually to insure their Traverse
• Increasing comprehensive and collision deductibles can save around $475 each year
• You may be able to save approximately $140 per year simply by quoting early and online