Chevrolet Traverse Insurance Rates

Estimated insurance rates for a Chevrolet Traverse are $1,186 a year with full coverage. Comprehensive insurance costs approximately $270 each year, collision insurance costs $404, and liability costs $376. Liability-only coverage costs as little as $426 a year, and high-risk coverage costs $2,544 or more. Teen drivers pay the most at up to $4,402 a year.

Average premium for full coverage: $1,186

Premium estimates by type of coverage:

These estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all U.S. states and Traverse models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can make a big difference on the price of insurance. Rural locations are statistically proven to have lower incidents of collision claims than larger metro areas. The graphic below illustrates the effect of geographic area on auto insurance prices.

These rate differences demonstrate why all drivers should compare rates using their specific location, instead of making a decision based on price averages.

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

More Rate Information

The chart below details average Chevrolet Traverse insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $692
• Drivers who choose higher $1,000 deductibles will pay $152 annually
• The estimated price for a 40-year-old good driver who chooses $500 deductibles is $1,186
• Choosing low deductibles for comprehensive and collision insurance will cost an additional $294 annually
• Drivers with multiple violations and an at-fault accident could pay around $2,544
• An auto insurance policy that insures a 16-year-old driver can cost $4,402 a year

View Chart as Image

Insurance prices for a Chevrolet Traverse also have a wide range based on the trim level and model year, your age and driving habits, and physical damage deductibles and liability limits.

If you have a few violations or you caused an accident, you may be forking out anywhere from $1,400 to $1,900 extra annually, depending on your age. Insurance for high-risk drivers can cost from 43% to 132% more than average. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,100 per year on average, or $92 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records can expect to pay in the ballpark of $4,400 a year. View Rates by Age

Where you choose to live makes a big difference in Chevrolet Traverse insurance prices. A 40-year-old driver could pay as low as $850 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,600 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles could save up to $450 annually, whereas increasing liability limits will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $339 more per year. View Rates by Deductible or Liability Limit

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 Cheap Chevrolet Traverse Insurance

Finding better rates on insurance for a Chevrolet Traverse not only requires having a decent driving record, but also having above-average credit, being claim-free, and possibly raising deductibles. Shop around every couple of years by getting quotes from direct companies, and also from local insurance agencies.

The following items are a brief summary of the material that was covered in the above illustrations.

• Insureds who purchase additional liability coverage will pay about $410 every year to go from 30/60 bodily injury limits to the 250/500 level
• 16 to 18-year-old drivers are expensive to insure, possibly costing $367 per month if full coverage is included
• Drivers considered higher risk that tend to have accidents or serious violations may have to pay on average $1,360 more per year than a driver with a clean driving record
• Increasing policy deductibles can save approximately $450 each year