Chevrolet Traverse Insurance Rates

The average insurance prices for a Chevrolet Traverse are $1,186 every 12 months including full coverage. Comprehensive costs an estimated $270 each year, collision costs $404, and liability coverage is estimated at $376. Buying just liability costs approximately $426 a year, with insurance for high-risk drivers costing around $2,544. 16-year-old drivers cost the most to insure at $4,402 a year or more.

Average premium for full coverage: $1,186

Policy rates broken down by type of insurance:

Rate estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and Traverse models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a large influence on the price of auto insurance. More rural locations are shown to have more infrequent comprehensive and collision claims than congested cities.

The graphic below illustrates the difference between rural and urban areas on insurance prices.

The examples above highlight why all drivers should get quotes for a targeted area and their own driving history, rather than using rate averages.

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

Rate Comparisons

The chart below breaks down estimated Chevrolet Traverse insurance rates for other coverage scenarios.

• The best full coverage rate is $692
• Choosing higher $1,000 deductibles can save approximately $152 every year
• The average price for a good driver age 40 who has $500 deductibles is $1,186
• Buying low deductibles for comp and collision coverage increases the price to $1,480
• Drivers with multiple tickets or accidents could pay up to $2,544 or more
• Policy cost to insure a teenage driver can cost as much as $4,402 each year

View Chart as Image

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

Opting for high physical damage deductibles can save as much as $450 a year, whereas increasing liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $339 more per year. View Rates by Deductible or Liability Limit

More mature drivers with a clean driving record and higher deductibles may only pay around $1,100 annually on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay at least $4,400 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying $1,400 to $1,900 extra every year, depending on your age. Insurance for high-risk drivers ranges around 43% to 132% more than the average rate. View High Risk Driver Rates

Your home state plays a big part in determining prices for Chevrolet Traverse insurance rates. A good driver about age 40 could pay as low as $910 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,690 on average in Louisiana, New York, and Michigan.

View Chart as Image

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to do a rate comparison and see how they stack up. Each auto insurer utilizes a different rate formula, 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 Shop for the Best Chevrolet Traverse Insurance

Finding cheaper rates on auto insurance takes avoiding accidents and claims, having good credit, paying for small claims out-of-pocket, and taking advantage of discounts. Set aside time to compare rates once a year by requesting rates from direct car insurance companies, and also from local insurance agencies.

The points below are a brief recap of the data that was covered above.

• You may be able to save approximately $140 per year simply by quoting online in advance
• Consumers who want increased liability limits will pay around $410 per year to raise limits from a 30/60 limit to a 250/500 level
• Drivers under the age of 20 are charged the highest rates, with premiums being up to $367 each month if they have full coverage
• Drivers who tend to receive serious violations may have to pay on average $1,360 more annually to insure a Chevrolet Traverse