Chevrolet Traverse Insurance Rates

The average insurance rates for a Chevrolet Traverse are $1,186 a year with full coverage. Comprehensive insurance costs around $270 a year, collision costs $404, and liability costs around $376. Liability-only insurance costs as low as $426 a year, with high-risk driver insurance costing $2,544 or more. 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 comprehensive and collision deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all U.S. states and Traverse trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on insurance rates. Areas with sparse population are shown to have a lower frequency of collision claims than densely populated cities.

The diagram below illustrates how where you live affects auto insurance rates.

The examples above demonstrate why it is important to compare prices for a specific zip code and risk profile, instead of making a decision based on average rates.

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

More Rate Details

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

• The best discount rate is $692
• Using higher $1,000 deductibles will save about $1,034 annually
• The average rate for a good driver age 40 using $500 deductibles is $1,186
• Using low $100 deductibles for physical damage coverage will cost an extra $294 annually
• High-risk insureds who are prone to accidents and violations could pay at least $2,544 or more
• Policy cost for full coverage for a 16-year-old driver can be $4,402 or more

View Chart as Image

Auto insurance rates for a Chevrolet Traverse also range considerably based on your risk profile, the trim level and model year, and deductibles and policy limits.

Older drivers with a good driving record and high deductibles may pay as low as $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay as much as $4,400 a year. View Rates by Age

Your home state has a huge impact on Chevrolet Traverse insurance prices. A driver around age 40 might see rates as low as $850 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,600 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $450 annually, while buying higher liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $339 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $1,400 to $1,900 in extra premium every year, depending on your age. A high-risk auto insurance policy can be from 43% to 132% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to find out your exact price is to get quotes from multiple companies. Each insurance company uses a different method to calculate rates, and quoted rates will be varied 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 More Affordable Chevrolet Traverse Insurance

Finding cheaper rates on insurance for a Chevrolet Traverse requires having a decent driving record, having good credit, not filing small claims, and maximizing policy discounts. Take the time to comparison shop every couple of years by requesting rates from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following items are a summary of the material that was touched on in the above illustrations.

• Insureds who may need additional liability coverage will pay an extra $410 every year to increase from a 30/60 limit to 250/500 limits
• 16 to 18-year-old drivers are expensive to insure, as much as $367 each month if they have full coverage
• Drivers considered higher risk who have multiple accidents or major violations pay an average of $1,360 more every year than a driver with a clean driving record
• Increasing comprehensive and collision deductibles can save around $450 each year