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...
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UPDATED: Apr 7, 2024
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The 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 is estimated at $376. A liability-only policy costs approximately $426 a year, with high-risk insurance costing $2,544 or more. 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:
Rates are based on $500 deductible amounts, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 states and for different Traverse trim levels.
Price Range Variability
For a driver in their 40's, Chevrolet Traverse insurance rates go from the cheapest price of $426 for just the minimum liability insurance to a much higher rate of $2,544 for a high-risk driver policy.
Urban vs. Rural Price Range
Living in a larger city can make a big difference on insurance rates. Rural areas are shown to have more infrequent physical damage claims than congested cities.
The price range example below illustrates how location helps determine car insurance rates.
The examples above illustrate why anyone shopping for car insurance should get quotes based on a specific location and their own driving history, instead of making a decision based 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 Analysis
The chart below illustrates estimated Chevrolet Traverse insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $692
- Choosing higher $1,000 deductibles can save around $152 each year
- The average price for a good driver age 40 with $500 deductibles is $1,186
- Buying more expensive low deductibles for comp and collision coverage costs an extra $294 annually
- Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,544 or more
- Policy cost to insure a 16-year-old driver with full coverage may cost $4,402 each year
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 can save as much as $450 annually, while increasing your policy's 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
An older driver with no driving violations and higher deductibles may pay as low as $1,100 annually on average, 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. High-risk driver insurance ranges from 43% to 132% more than the average rate. View High Risk Driver Rates
Your home state plays a big part in determining prices for Chevrolet Traverse insurance prices. A good driver about age 40 could pay 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% |
Because rates have so much variability, the only way to figure out exactly what you will pay is to compare rates from multiple companies. Each auto insurer utilizes a different rate formula, so rate quotes will be varied.
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 the Best Cheap Chevrolet Traverse Insurance
Finding cheaper rates on insurance for a Chevrolet Traverse takes having a good driving record, maintaining a good credit score, being claim-free, and maximizing policy discounts. Invest time comparing rates every time your policy renews by obtaining price quotes from direct insurance companies, and also from several local insurance agents.
The next list is a quick review of the information covered in the charts and tables above.
- It is possible to save as much as $140 per year simply by shopping early and online
- Drivers age 20 and younger are expensive to insure, possibly costing $367 each month if the policy includes full coverage
- Increasing comprehensive and collision deductibles could save as much as $450 each year
- Drivers considered higher risk with a DUI or reckless driving violation pay on average $1,360 more each year to buy Chevrolet Traverse insurance
- Insureds who require increased levels of liability coverage will pay around $410 annually to raise limits from a 30/60 limit to a 250/500 level
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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