Chevrolet Traverse Insurance Rates

The average insurance prices for a Chevrolet Traverse are $1,186 every 12 months for full coverage insurance. Comprehensive costs on average $270 a year, collision costs $404, and liability insurance costs around $376. A liability-only policy costs as low as $426 a year, with high-risk insurance costing around $2,544. 16-year-old drivers cost the most to insure at $4,402 a year or more.

Average premium for full coverage: $1,186

Policy rates by type of insurance:

Full coverage includes $500 deductibles, bodily injury liability limits of 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and Traverse trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on insurance rates. Rural areas are shown to have more infrequent physical damage claims than congested cities.

The diagram below illustrates the effect of geographic area on car insurance rates.

The examples above illustrate why it is important to 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.

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 $1,034 each year
• The average price for a good driver age 40 with $500 deductibles is $1,186
• Buying low $100 deductibles for physical damage coverage increases the price to $1,480
• Drivers with multiple tickets or accidents could pay upwards of $2,544 or more
• Policy cost to insure a teen driver may cost $4,402 or more

View Chart as Image

Car insurance rates for a Chevrolet Traverse also range considerably based on liability limits and deductibles, 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, while buying higher liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $339 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles could pay as little as $1,100 a year, or $92 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged upwards of $4,400 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying at a minimum $1,400 to $1,900 extra every year, depending on your age. A high-risk auto insurance policy can be anywhere from 43% to 132% more than the average rate. View High Risk Driver Rates

Your home state 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.

View Chart as Image

Because rates have so much variability, the only way to figure out exactly what you will pay is to get quotes from as many companies as possible. Each insurance company utilizes a different rate formula, so rate quotes will be varied.

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 Shop for More Affordable Chevrolet Traverse Insurance

Finding cheaper rates on Chevrolet Traverse insurance requires not taking risks behind the wheel, maintaining a good credit score, being claim-free, and maximizing policy discounts. Take the time to compare rates every other policy renewal by requesting rates from direct insurance companies, and also from several local insurance agents.

The following is a summary of the ideas that were covered in the above illustrations.

• Teens are expensive to insure, possibly costing $367 each month if the policy includes full coverage
• High-risk drivers who have multiple accidents or major violations pay on average $1,360 more each year for Traverse insurance
• Increasing comprehensive and collision deductibles could save as much as $450 each year
• It is possible to save as much as $140 per year simply by quoting early and online