Chevrolet Traverse Insurance Rates

The average insurance rates for a Chevrolet Traverse are $1,186 a year for full coverage insurance. Comprehensive costs around $270, collision costs $404, and liability insurance costs $376. Buying just liability costs as little as $426 a year, with insurance for high-risk drivers costing around $2,544. Teenage drivers cost the most to insure at $4,402 a year or more.

Average premium for full coverage: $1,186

Policy rates for type of insurance:

Full coverage includes $500 physical damage insurance deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 states and for different Traverse trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on car insurance rates. Areas with sparse population are shown to have lower incidents of physical damage claims than densely populated cities.

The price range example below illustrates the effect of geographic area on auto insurance rates.

The examples above illustrate why anyone shopping for car insurance should compare rates for a specific zip code, rather than relying on average rates.

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

Additional Rate Analysis

The chart below illustrates estimated Chevrolet Traverse insurance rates for additional coverage choices and driver risks.

• The best discount rate is $692
• Drivers who choose higher $1,000 deductibles will pay about $152 each year
• The estimated price for a good driver age 40 using $500 deductibles is $1,186
• Using more expensive low deductibles for comprehensive and collision insurance bumps up the cost to $1,480
• High risk drivers who are prone to accidents and violations could pay at least $2,544 or more
• Policy cost that insures a teen driver with full coverage can be $4,402 a year

View Chart as Image

Insurance rates for a Chevrolet Traverse also range considerably based on the model year and trim level, your age and driving record, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are probably paying at least $1,400 to $1,900 extra every year, depending on your age. High-risk driver insurance can cost anywhere from 43% to 132% more than a normal policy. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,100 per year on average, or $92 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay as much as $4,400 a year. View Rates by Age

Your home state makes a big difference in Chevrolet Traverse insurance rates. A 40-year-old driver 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 could save up to $450 each year, while increasing your policy's liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $339 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out your exact price is to compare rates from as many companies as possible. Every company uses a different method to calculate rates, so the rates 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 Find More Affordable Chevrolet Traverse Insurance

Finding cheaper rates on Chevrolet Traverse insurance not only requires being a low-risk driver, but also having above-average credit, being claim-free, and insuring your home and auto with the same company. Compare prices at every policy renewal by requesting rates from direct insurance companies, and also from insurance agencies where you live.

The items below are a summary of the data covered in the above illustrations.

• Drivers who may need more liability coverage will pay an extra $410 annually to go from a 30/60 limit to the 250/500 level
• It is possible to save up to $140 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles can save approximately $450 each year
• Teen drivers pay higher rates, possibly costing $367 each month if full coverage is included