Chevrolet Traverse Insurance Cost [Guide + Free Quotes]

Chevrolet Traverse insurance rates cost $105 per month ($1,258 per year) on average. On average, Chevrolet Traverse comprehensive insurance coverage costs $306, collision coverage costs $447, and liability coverage costs $355.

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Rachel Bodine graduated from college with a BA in English. She works as an associate editor and writer for 4autoinsurancequote.com for over a year and enjoys creating content that offers expert advice on car insurance topics.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs...

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Reviewed byLeslie Kasperowicz
Former Farmers Insurance CSRhttps://res.cloudinary.com/quotellc/image/upload/insurance-site-images/4autoins-live/6ea5d860-leslie-kasperowicz.jpg

UPDATED: Jun 28, 2020

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Key takeaways:

  • Full coverage costs around $1,258 a year or $105 each month
  • A liability-only policy costs around $505 a year or $42 each month
  • Highest rates are for teenage drivers at around $4,598 a year or $383 each month
  • Good drivers can save as much as $519 a year by earning policy discounts
  • Chevrolet Traverse insurance costs around $261 less per year than the average vehicle

Chevrolet Traverse insurance rates are $261 cheaper than the average vehicle. You can pay as low as $42 per month for liability-only coverage. However, teen drivers could pay up to $383 per month. Continue reading to learn how you can lower Chevrolet Traverse insurance rates.

You can start comparing quotes for Chevrolet Traverse insurance rates from some of the best auto insurance companies by using our free online tool now.

Chevrolet Traverse Insurance Cost

The average Chevrolet Traverse auto insurance costs are $1,258 a year or $105 a month.


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Are Chevrolet Traverses Expensive to Insure?

The chart below details how Chevrolet Traverse insurance rates compare to other SUVs like the Toyota Sequoia, Ford Expedition, and Jeep Grand Cherokee.

VehicleComprehensiveCollisionLiabilityTotal
Chevrolet Traverse$336$470$316$1,258
Toyota Sequoia$332$566$398$1,454
Ford Expedition$336$532$316$1,320
Jeep Grand Cherokee$322$562$372$1,414
Volkswagen Touareg$372$690$390$1,610
Honda Passport$362$656$316$1,470
Lexus RX 350$358$660$440$1,638

However, there are a few things you can do to find the cheapest Chevrolet insurance rates online.

What Impacts the Cost of Chevrolet Traverse Insurance?

The Chevrolet Traverse trim and model you choose can impact the total price you will pay for Chevrolet Traverse auto insurance coverage.

Age of the Vehicle

The average Chevrolet Traverse insurance rates are higher for newer models. For example, auto insurance rates for a 2020 Chevrolet Traverse are $1,258, while 2010 Chevrolet Traverse insurance rates are $1,018, a difference of $240.

Model YearComprehensiveCollisionLiabilityTotal
2020 Chevrolet Traverse$336$470$316$1,258
2019 Chevrolet Traverse$320$452$332$1,240
2018 Chevrolet Traverse$306$448$338$1,228
2017 Chevrolet Traverse$296$436$354$1,222
2016 Chevrolet Traverse$286$418$364$1,204
2015 Chevrolet Traverse$270$404$376$1,186
2014 Chevrolet Traverse$260$374$384$1,154
2013 Chevrolet Traverse$250$352$388$1,126
2012 Chevrolet Traverse$240$316$390$1,082
2011 Chevrolet Traverse$224$292$390$1,042
2010 Chevrolet Traverse$216$272$394$1,018

Driver Age

Driver age can have a significant impact on Chevrolet Traverse insurance rates. For instance, a 30-year-old driver may pay $55 more each year for Chevrolet Traverse auto insurance than a 40-year-old driver.

Driver Location

Where you live can have a large impact on Chevrolet Traverse insurance rates. For example, drivers in Phoenix may pay $692 a year less than drivers in Los Angeles.

Your Driving Record

Your driving record can have an impact on your Chevrolet Traverse insurance rates. Teens and drivers in their 20’s see the highest jump in their Chevrolet Traverse car insurance with violations on their driving record.

Chevrolet Traverse Safety Ratings

Your Chevrolet Traverse insurance rates are influenced by the safety ratings of the Chevrolet Traverse. See the breakdown below:

Test TypeRating
Small overlap front: driver-sideGood
Small overlap front: passenger-sideNot Tested
Moderate overlap frontGood
SideGood
Roof strengthGood
Head restraints and seatsGood
Source: Insurance Institute for Highway Safety

Chevrolet Traverse Crash Test Ratings

Not only do good Chevrolet Traverse crash test ratings mean you are better protected in a crash, but good Chevrolet Traverse crash ratings also mean cheaper insurance rates.

Vehicle TestedOverallFrontalSideRollover
2020 Chevrolet Traverse SUV FWD5 stars4 stars5 stars4 stars
2020 Chevrolet Traverse SUV AWD5 stars4 stars5 stars4 stars
2019 Chevrolet Traverse SUV FWD5 stars4 stars5 stars4 stars
2019 Chevrolet Traverse SUV AWD5 stars4 stars5 stars4 stars
2018 Chevrolet Traverse SUV FWD5 stars4 stars5 stars4 stars
2018 Chevrolet Traverse SUV AWD5 stars4 stars5 stars4 stars
2017 Chevrolet Traverse SUV FWD5 stars5 stars5 stars4 stars
2017 Chevrolet Traverse SUV AWD5 stars5 stars5 stars4 stars
2016 Chevrolet Traverse SUV FWD5 stars5 stars5 stars4 stars
2016 Chevrolet Traverse SUV AWD5 stars5 stars5 stars4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Chevrolet Traverse Safety Features

Having a variety of safety features on your Chevrolet Traverse can help lower your Chevrolet Traverse insurance costs. The Chevrolet Traverse’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control

Chevrolet Traverse Insurance Loss Probability

The lower percentage means lower Chevrolet Traverse insurance rates; higher percentages mean higher Chevrolet Traverse insurance rates. The Chevrolet Traverse’s insurance loss probability varies for each form of coverage.

Insurance Coverage CategoryLoss Rate
Collision-25%
Property Damage1%
Comprehensive-28%
Personal Injury-7%
Medical Payment-10%
Bodily Injury-10%
Source: Insurance Institute for Highway Safety

Chevrolet Traverse Finance and Insurance Cost

If you are financing a Chevrolet Traverse, most lenders will require your carry higher Chevrolet Traverse coverage options including comprehensive coverage, so be sure to shop around and compare Chevrolet Traverse insurance rates from the best auto insurance companies using our FREE tool below.

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5 Ways to Save on Chevrolet Traverse Insurance

If you want to reduce the cost of your Chevrolet Traverse insurance rates, follow these tips below:

  • Remove Unnecessary Insurance Once Your Chevrolet Traverse is Paid Off
  • Understand that Insurance Companies Can’t Change Your Chevrolet Traverse Auto Insurance Rate Mid-Term Based on Changes to Your Credit Score
  • Ask About Chevrolet Traverse Safety Discounts
  • Watch Your Insurer Closely When Your Chevrolet Traverse Needs Repairs
  • Move to an Area with Better Weather

Top Chevrolet Traverse Insurance Companies

Who is the top auto insurance company for Chevrolet Traverse insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Chevrolet Traverse auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Chevrolet Traverse offers.

RankCompanyVolumeMarket Share
1State Farm$65,615,1909.3%
2GEICO$46,106,9716.6%
3Progressive$39,222,8795.6%
4Liberty Mutual$35,600,0515.1%
5Allstate$35,025,9035.0%
6Travelers$28,016,9664.0%
7USAA$23,483,0803.3%
8Chubb$23,388,3853.3%
9Farmers$20,643,5592.9%
10Nationwide$18,442,1452.6%
Source: Insurance Information Institute

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