Chevrolet Traverse Insurance Rates

Estimated insurance rates for a Chevrolet Traverse are $1,186 a year for full coverage insurance. Comprehensive costs on average $270 a year, collision costs $404, and liability is estimated at $376. Liability-only insurance costs approximately $426 a year, with high-risk driver insurance costing around $2,544. Teenage drivers pay the most at $4,402 a year or more.

Average premium for full coverage: $1,186

Premium estimates by type of coverage:

Estimates include $500 policy deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all 50 states and Traverse trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can make a big difference on insurance rates. Rural areas are statistically proven to have a lower frequency of physical damage claims than densely populated cities.

The diagram below illustrates how location impacts car insurance rates.

These rate differences illustrate why it is important to get quotes based on a specific location and risk profile, instead of making a decision based on average rates.

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

Rates by State, City, and Model

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

• The best discount rate is $692
• Choosing higher $1,000 deductibles can save around $1,034 each year
• The average rate for a 40-year-old good driver with $500 deductibles is $1,186
• Using low $100 deductibles for comp and collision coverage will increase the cost to $1,480
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,544 or more
• An auto insurance policy for full coverage for a 16-year-old driver may cost $4,402 each year

View Chart as Image

Insurance prices for a Chevrolet Traverse also have a wide range based on your driving characteristics, the model year and trim level, and policy deductibles and limits.

Older drivers with no violations or accidents and high deductibles may pay as low as $1,100 annually on average, or $92 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers should be prepared to pay upwards of $4,400 a year. View Rates by Age

Where you choose to live 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 be forced to pay as much as $1,600 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles can save as much as $450 annually, while buying higher liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will cost up to $339 more each year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are probably paying at a minimum $1,400 to $1,900 additional annually, depending on your age. A high-risk auto insurance policy ranges from 43% to 132% more than a normal policy. View High Risk Driver Rates

With such a large range in prices, the only way to figure out exactly what you will pay is to get quotes from multiple companies. Each auto insurer uses a different method to calculate prices, and prices will be substantially different 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 Low Cost Chevrolet Traverse Insurance

Finding better rates on insurance for a Chevrolet Traverse takes avoiding accidents and claims, having a good credit history, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Spend time shopping around at least every other year by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The points below are a review of the car insurance concepts touched on above.

• Drivers considered higher risk who have several accidents or serious violations pay an average of $1,360 more each year to insure a Chevrolet Traverse
• It is possible to save as much as $140 per year simply by quoting early and online
• Increasing policy deductibles can save around $450 each year
• Insureds who require increased liability limits will pay an extra $410 annually to raise limits from 30/60 bodily injury limits to 250/500 limits