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Are Chevrolet Traverses Expensive to Insure?

Average Chevrolet Traverse insurance rates cost $105 per month ($1,258 per year). Finding Chevrolet Traverse teenager insurance coverage can cost on average $4,598 a year, so shop around to find cheap rates.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Jun 23, 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 about $261 less per year than the average vehicle with full coverage averaging $1,258 a year or $105 a month. Good drivers can save up to $519 a year in policy discounts on their Chevrolet Transverse insurance by staying a safe driver. Let’s take a closer look at Chevrolet Traverse insurance rates, crash test ratings, and more.

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

Chevrolet Traverse Insurance Cost

The average Chevrolet Traverse car insurance rates 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 Ford Expedition, Subaru Forester, and Kia Telluride.

Vehicle Comprehensive Collision Liability Total
Chevrolet Traverse $336 $470 $316 $1,258
Ford Expedition $336 $532 $316 $1,320
Subaru Forester $346 $512 $332 $1,326
Kia Telluride $376 $688 $316 $1,516
Honda Pilot $336 $470 $372 $1,336
Honda Passport $362 $656 $316 $1,470
Volvo XC60 $306 $536 $338 $1,316

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 insurance coverage.

Age of the Vehicle

Older Chevrolet Traverse models generally cost less to insure. For example, auto insurance rates for a 2020 Chevrolet Traverse are $1,258, while 2010 Chevrolet Traverse rates are $1,018, a difference of $240.

Model Year Comprehensive Collision Liability Total
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 auto insurance rates. As an example, a 40-year-old driver could pay $133 less each month for their Chevrolet Traverse auto insurance compared to a 20-year-old driver.

Driver Location

Where you live can have a large impact on Chevrolet Traverse insurance rates. For example, drivers in New York may pay $327 a year more than drivers in Chicago.

Your Driving Record

Your driving record can have an impact on the cost of Chevrolet Traverse auto insurance. 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 car insurance rates are tied to the safety ratings of the Chevrolet Traverse. See the breakdown below:

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Not Tested
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety

Chevrolet Traverse Crash Test Ratings

If the Chevrolet Traverse crash test ratings are good, you could have lower Chevrolet Traverse car insurance rates. See Chevrolet Traverse crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2020 Chevrolet Traverse SUV FWD 5 stars 4 stars 5 stars 4 stars
2020 Chevrolet Traverse SUV AWD 5 stars 4 stars 5 stars 4 stars
2019 Chevrolet Traverse SUV FWD 5 stars 4 stars 5 stars 4 stars
2019 Chevrolet Traverse SUV AWD 5 stars 4 stars 5 stars 4 stars
2018 Chevrolet Traverse SUV FWD 5 stars 4 stars 5 stars 4 stars
2018 Chevrolet Traverse SUV AWD 5 stars 4 stars 5 stars 4 stars
2017 Chevrolet Traverse SUV FWD 5 stars 5 stars 5 stars 4 stars
2017 Chevrolet Traverse SUV AWD 5 stars 5 stars 5 stars 4 stars
2016 Chevrolet Traverse SUV FWD 5 stars 5 stars 5 stars 4 stars
2016 Chevrolet Traverse SUV AWD 5 stars 5 stars 5 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Chevrolet Traverse Safety Features

Most drivers don’t realize that not only do Chevrolet Traverse safety features play a vital role in keeping passengers safe in crashes, but they can also help lower Chevrolet Traverse auto insurance rates. 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 car insurance costs; higher percentages mean higher Chevrolet Traverse car insurance costs. Compare the following Chevrolet Traverse auto insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.

Insurance Coverage Category Loss Rate
Collision -25%
Property Damage 1%
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 auto insurance rates from the best companies using our FREE tool below.

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Ways to Save on Chevrolet Traverse Insurance

Save more on your Chevrolet Traverse car insurance rates. Take a look at the following five strategies that will get you the best Chevrolet Traverse auto insurance rates possible.

  • Move to an Area with a Lower Cost of Living
  • Tell Your Insurer How You Use Your Chevrolet Traverse
  • Buy a Dashcam for Your Chevrolet Traverse
  • Get Chevrolet Traverse Auto Insurance Through Costco
  • Avoid the Temptation to File a Claim for Minor Incidents

Top Chevrolet Traverse Insurance Companies

Who is the top car 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.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute

Compare Free Chevrolet Traverse Insurance Quotes Online

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

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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