Chevrolet Traverse Insurance Rates

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

Average premium for full coverage: $1,186

Policy rates by type of insurance:

Estimates include $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 states and Traverse models.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on insurance rates. Rural areas are shown to have a lower frequency of physical damage claims than cities with more traffic congestion.

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

The examples above illustrate why all drivers should compare rates based on a specific location and risk profile, instead of using averaged prices.

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

Additional Rate Analysis

The chart below illustrates estimated Chevrolet Traverse insurance rates for different risk profiles and scenarios.

• The cheapest rate after discounts is $692
• Drivers who choose higher $1,000 deductibles will pay around $152 each year
• The average rate for a good driver age 40 with $500 deductibles is $1,186
• Selecting low deductibles for comprehensive and collision insurance will increase the cost to $1,480
• Higher-risk drivers with serious driving violations could pay upwards of $2,544 or more
• Policy cost for full coverage for a teen driver may cost $4,402 a year

View Chart as Image

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

More mature drivers with no violations or accidents and high deductibles may pay as little as $1,100 per year on average, or $92 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay upwards of $4,400 a year. View Rates by Age

Your home state makes a big difference in Chevrolet Traverse insurance prices. A 40-year-old driver could pay as low as $770 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,600 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could save up to $450 every year, whereas increasing liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $339 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying at a minimum $1,400 to $1,900 additional every year, depending on your age. Insurance for high-risk drivers can cost as much as 43% to 132% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out exactly what you will pay is to do a rate comparison and see which company has the best rate. Every company calculates rates differently, and 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 Low Cost Chevrolet Traverse Insurance

Finding cheaper rates on car insurance not only requires having a decent driving record, but also having a good credit history, being claim-free, and insuring your home and auto with the same company. Set aside time to compare rates at every other renewal by quoting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following items are a review of the concepts that were covered above.

• Higher risk drivers who have several accidents or serious violations pay an average of $1,360 more each year than a driver with a clean driving record
• 16 to 18-year-old drivers pay higher rates, possibly costing $367 each month including comprehensive and collision insurance
• It is possible to save as much as $140 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $450 each year
• It is possible to save as much as $140 per year simply by quoting online in advance