Chevrolet Traverse Insurance Rates

Estimated insurance rates for a Chevrolet Traverse are $1,204 a year with full coverage. Comprehensive costs on average $286 a year, collision costs $418, and liability insurance is $364. A liability-only policy costs around $416 a year, with high-risk insurance costing around $2,580. 16-year-old drivers pay the most at $4,426 a year or more.

Average premium for full coverage: $1,204

Premium estimates by type of coverage:

Prices include $500 physical damage insurance deductibles, 30/60 liability coverage, and includes both medical and UM/UIM coverage. Rates include averaging for all U.S. states and Traverse trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a significant impact on auto insurance rates. Rural areas are statistically proven to have lower incidents of collision claims than congested cities.

The diagram below illustrates how rural and urban location affects car insurance rates.

These rate differences demonstrate why it is important to compare rates quotes based on a specific location, rather than relying on rate averages.

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

Rate Comparisons

The chart below details estimated Chevrolet Traverse insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $704
• Raising to $1,000 deductibles will save around $1,044 annually
• The estimated price for a 40-year-old good driver with $500 deductibles is $1,204
• Buying low $100 deductibles bumps up the cost to $1,512
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,580 or more
• An auto insurance policy that insures a teen driver may cost $4,426

View Chart as Image

Auto insurance prices for a Chevrolet Traverse also have a wide range based on the trim level of your Traverse, your age and driving habits, and policy deductibles and limits.

If you have a few violations or you caused an accident, you may be forking out at a minimum $1,400 to $1,900 in extra premium annually, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 130% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will have to pay upwards of $4,400 a year. View Rates by Age

Where you choose to live also has a big influence on Chevrolet Traverse insurance rates. A middle-age driver might find prices as low as $870 a year in states like New Hampshire, Ohio, and Utah, or at least $1,620 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $470 each year, while buying higher liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $327 extra every year. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to find out exactly what you will pay is to get quotes from as many companies as possible. Every auto insurance company utilizes a different rate formula, and quoted prices will be substantially different.

Insurance Rates by Trim Level and Model Year

Rates assume 2020 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 Right Chevrolet Traverse Insurance

Finding better rates on Chevrolet Traverse insurance consists of being a low-risk driver, maintaining a good credit score, being claim-free, and taking advantage of discounts. Comparison shop every year by quoting rates from direct companies, and also from several local insurance agents.

The items below are a quick rundown of the coverage data raised in the charts and tables above.

• You may be able to save as much as $140 per year simply by quoting early and online
• Increasing policy deductibles can save approximately $475 each year
• Teen drivers are charged the highest prices, possibly costing $369 per month if the policy includes full coverage
• High-risk drivers with reckless driving or DUI convictions pay on average $1,380 more each year to insure their Traverse