Chevrolet Traverse Insurance Rates

The average insurance prices for a Chevrolet Traverse are $1,186 every 12 months including full coverage. Comprehensive costs around $270 each year, collision costs $404, and liability costs around $376. A liability-only policy costs as low as $426 a year, with high-risk insurance 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:

Includes $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Traverse models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on the price of insurance. Areas with sparse population are shown to have more infrequent comprehensive and collision claims than densely populated cities.

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

The examples above highlight why all drivers should compare prices for a specific zip code and their own driving history, instead of making a decision based on average rates.

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

Detailed Rate Analysis

The chart below breaks down 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 $152 every year
• The average price for a good driver age 40 using $500 deductibles is $1,186
• Using low deductibles for physical damage coverage increases the price to $1,480
• High-risk insureds who are prone to accidents and violations could pay at least $2,544 or more
• Policy cost to insure a 16-year-old driver can be $4,402 or more

View Chart as Image

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

Using high physical damage deductibles could cut rates by as much as $450 annually, whereas increasing liability limits will increase rates. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $339 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles may pay as low as $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will be charged as much as $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 at least $1,400 to $1,900 extra every year, depending on your age. Insurance for high-risk drivers can be from 43% to 132% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Chevrolet Traverse insurance prices. A driver around age 40 might see rates as low as $910 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,690 on average in Michigan, New York, and Louisiana.

View Chart as Image

Because rates have so much variability, the best way to figure out your exact price is to do a rate comparison from multiple companies. Each insurance company uses a different method to calculate rates, so rate quotes 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 Cheapest Chevrolet Traverse Insurance

Finding cheaper rates on insurance for a Chevrolet Traverse requires having a decent driving record, maintaining a good credit score, paying for small claims out-of-pocket, and qualifying for all possible discounts. Set aside time to compare rates at least once a year by obtaining price quotes from direct car insurance companies, and also from insurance agencies where you live.

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

• You may be able to save up to $140 per year simply by quoting online in advance
• Drivers considered higher risk that have major violations or accidents could be forced to pay on average $1,360 more every year than a driver with a clean driving record
• Increasing comprehensive and collision deductibles could save as much as $450 each year
• 16 to 18-year-old drivers are the costliest to insure, with premiums being up to $367 each month if the policy includes full coverage