2020 Chevrolet Traverse Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2020 Chevrolet Traverse are $1,240 a year with full coverage. Comprehensive insurance costs on average $320 a year, collision costs $452, and liability insurance costs around $332. Buying a liability-only policy costs as low as $388 a year, with high-risk insurance costing $2,636 or more. Teen drivers receive the highest rates at $4,448 a year or more.
Annual premium for full coverage: $1,240
Rate estimates for 2020 Chevrolet Traverse Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2020 Chevrolet Traverse models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a 40-year-old driver, prices range go from as low as $388 for basic liability insurance to a high of $2,636 for high-risk insurance.
These differences demonstrate why it is important for drivers to compare prices based on a specific location and risk profile, rather than relying on price averages.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2020 Chevrolet Traverse Insurance
Searching for better car insurance rates for your Chevrolet Traverse? Having to pay for expensive car insurance can dry up your budget, especially in this economy. Comparing rates annually is a smart way to tighten up your finances.
Since drivers have many companies and agents to choose from, it can be impossible to pick the most cost effective car insurance company.
Where can I get the cheapest auto insurance?
There are a lot of ways to compare auto insurance quotes, but there is one way that is more efficient than others. You can waste a lot of time talking about coverages with agents in your area, or you could use online quotes to get pricing more quickly.
Many popular insurance companies belong to a marketplace where prospective buyers only type in their quote data once, and each company can provide price quotes based on the submitted data. This eliminates the need for quote forms to each individual auto insurance company. To get comparison pricing now enter your zip code here.
The one downside to pricing coverage this way is you cannot specify which insurance companies you want pricing from. So if you want to choose from a list of companies to compare, we put together a list of low cost auto insurance companies in your area. Click to enter zip code for insurance companies.
Take whichever approach you prefer, but double check that you are using the exact same information for each price quote. If your comparisons have different values for each quote it’s not possible to get a fair rate comparison. Just a small difference in limits may result in large price differences. Keep in mind that having more price comparisons increases the change that you will find a lower rate than you’re paying now.
Find discounts to get cheap car insurance quotes
Car insurance can cost a lot, but you can get discounts that you may not know about. Certain reductions will be credited at the time of quoting, but a few must be requested specifically in order for you to get them.
- Passenger Safety Discount – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
- No Claim Discounts – Claim-free drivers pay much less when compared to policyholders that have many claims.
- Senior Citizen Rates – Drivers that qualify as senior citizens could receive lower premium rates for Traverse insurance.
- Driver Safety – Taking time to complete a course that instructs on driving safety could possibly earn you a 5% discount and easily recoup the cost of the course.
- Homeowners Discount – Just being a homeowner can save you money due to the fact that maintaining a home demonstrates responsibility.
- Good Grades Discount – Maintaining excellent grades can earn a discount of 20% or more. This discount can apply well after school through age 25.
- Fewer Miles Equal More Savings – Fewer annual miles on your Chevy could qualify for lower premium rates on the low mileage vehicles.
- Use Seat Belts – Drivers who require all vehicle occupants to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.
As a footnote on discounts, most discounts do not apply to the entire policy premium. Most only cut the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, it doesn’t quite work that way.
A few companies that may include most of the discounts above include:
Before you buy a policy, ask all the companies which credits you are entitled to. Some discounts might not be available to policyholders in your area. If you would like to choose from a list of car insurance companies that offer discounts, enter your zip code here.
Tailor your insurance coverage coverage to you
When buying the right insurance coverage, there isn’t really a single plan that fits everyone. Every situation is different and your policy should reflect that. For instance, these questions may help highlight if your situation will benefit from professional help.
- Should I put collision coverage on all my vehicles?
- Should I sign the liability waiver when renting a car?
- Is my state a no-fault state?
- How many claims can I have before being cancelled?
- Is upholstery damage covered by car insurance?
- Why am I required to buy liability insurance?
- Should I carry comprehensive and collision coverage?
- Which companies will insure high-risk drivers?
- Should I buy additional glass protection?
- Does liability extend to a camper or trailer?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, simply complete your zip code.
What auto insurance coverages do you need?
Having a good grasp of your auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages found on most auto insurance policies.
Liability – This will cover injuries or damage you cause to other people or property that is your fault. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage pays for claims like funeral expenses, pain and suffering and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as large an amount as possible.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like hospital visits, ambulance fees and funeral costs. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive protection – This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like rock chips in glass, hitting a bird, a tree branch falling on your vehicle and damage from flooding. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Uninsured or underinsured coverage – This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Chevy Traverse.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally these coverages are set the same as your liablity limits.
Collision coverage – Collision insurance will pay to fix damage to your Traverse caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like damaging your car on a curb, sustaining damage from a pot hole, hitting a parking meter, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.
Rates by U.S. City
|New York City, NY||$1,950|
|Los Angeles, CA||$2,115|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
|5-yr Accident Free||$88|
|5-yr Claim Free||$79|
|Paid in Full/EFT||$56|
Discounts are estimated and may not be available from every company or in every state.