Chevrolet Traverse and Hyundai Palisade Insurance Quotes Compared

Does a Chevrolet Traverse or a Hyundai Palisade have lower cost auto insurance rates? We examine average insurance rates for a Chevrolet Traverse and a Hyundai Palisade since the 2020 model year to see which model has the cheapest car insurance quotes.

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  • At an average rate of $2,186 per year, a 2024 Chevrolet Traverse costs less to insure than a 2024 Hyundai Palisade by an average of $208 per year.
  • When compared to the average U.S. car insurance rate of $2,221 per year, the Chevrolet Traverse costs an average of $35 less per year, while the Hyundai Palisade costs $173 more per year.
  • For the 2024 model year Chevrolet Traverse, auto insurance rates range from $2,066 to $2,312 per year, while insurance for a 2024 Hyundai Palisade ranges from $2,204 to $2,546, depending on trim level.

Is a Chevy Traverse or Hyundai Palisade cheaper to insure?

For the 2024 model year, the model having more affordable car insurance is the Chevrolet Traverse. Insurance on the Chevrolet Traverse averages $2,186 per year, whereas insurance for a Hyundai Palisade averages $2,394 per year.

Out of seven trims for the 2024 Chevrolet Traverse, the cheapest car insurance rates are on the LS 2WD trim at a cost of $2,066 per year. For the six trim levels available for the Hyundai Palisade, the cheapest 2024 trim to insure is the SE trim at a cost of $2,204 per year, or around $184 per month.

When average car insurance prices for all 13 trim levels for the 2024 model year of both models are compared, the overall cheapest vehicle to insure is the Chevrolet Traverse LS 2WD at a cost of $2,066 per year. The most expensive vehicle to insure is the Hyundai Palisade Calligraphy Night at an average of $2,546 per year.

The next table compares the annual and monthly car insurance cost for 2024 Chevrolet Traverse and Hyundai Palisade models, with average rates for every trim level for each model.

2024 Model Year Chevrolet Traverse vs. Hyundai Palisade Insurance Rates
Model and Trim Level Annual Premium Cost Per Month
$2,066$172
$2,110$176
$2,132$178
$2,168$181
$2,204$184
$2,232$186
$2,282$190
$2,290$191
$2,312$193
$2,364$197
$2,468$206
$2,496$208
$2,546$212

Data Methodogy: Rated driver is a 40-year-old male with with good credit, a clean driving record, and no claims or at-fault accidents. Premium includes comprehensive and collision coverage with $500 deductibles. Liability limits are 100/300/100 and UM/UIM and medical payments coverage is included. Rates last updated on June 26, 2025

Annual and monthly insurance cost by trim level for a 2024 Chevrolet Traverse and a 2024 Hyundai Palisade
Annual and monthly insurance cost by trim level for a 2024 Chevrolet Traverse and a 2024 Hyundai Palisade

The chart shown below illustrates the average cost to insure both models for the 20, 30, 40, and 50-year-old driver age groups. Average car insurance cost ranges from $1,944 to $4,358 per year for a 2024 Chevrolet Traverse, and $2,104 to $4,872 for a 2024 Hyundai Palisade for the example age groups.

Average car insurance premiums for 2024 Chevrolet Traverse and Hyundai Palisade models for different driver ages.
Figure 1: Average car insurance premiums for 2024 Chevrolet Traverse and Hyundai Palisade models for different driver ages. Rates updated on June 27, 2025.

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Data Methodology: Rates based on a 2024 model year Chevrolet Traverse and Hyundai Palisade. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision deductibles are $500 and coverage includes UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels for each vehicle.

2024 Chevrolet Traverse vs. Hyundai Palisade Insurance Cost
Driver Age Chevrolet Traverse Hyundai Palisade
18-Year-Old$6,669$7,552
20-Year-Old$4,358$4,872
25-Year-Old$2,534$2,790
30-Year-Old$2,326$2,568
40-Year-Old$2,186$2,394
50-Year-Old$1,944$2,104
60-Year-Old$1,814$1,976

Data Methodology: Rated drivers have no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle for the 2024 model year. Updated June 27, 2025

The two tables below show trim level insurance rates for each 2024 model, as well as an average rate for each model. The model with cheapest auto insurance rates for 2024 is the Chevrolet Traverse.

2024 Chevrolet Traverse

$2,186

Insurance Rates by Trim Level for a 2024 Chevrolet Traverse
2024 Chevrolet Traverse TrimsRate
LS 2WD$2,066
LS AWD2,110
LT 2WD2,132
LT AWD2,168
Z71 AWD2,232
RS 2WD2,290
RS AWD2,312
2024 Chevrolet Traverse Average Rate$2,186

2024 Hyundai Palisade

$2,394

Insurance Rates by Trim Level for 2024 Chevrolet Traverse
2024 Hyundai Palisade TrimsRate
SE$2,204
SEL2,282
XRT2,364
Limited2,468
Calligraphy2,496
Calligraphy Night2,546
2024 Hyundai Palisade Average Rate$2,394

2023 Chevrolet Traverse vs. Hyundai Palisade

Insurance cost for a 2023 Chevrolet Traverse averages $2,174 per year, and insurance for a Hyundai Palisade costs an average of $2,118 per year, making the Hyundai Palisade the model with lower average insurance cost.

For the 12 trims available for the 2023 Chevrolet Traverse, the cheapest trim to insure is the LS 2WD trim at an average cost of $2,010 per year. The 2023 Hyundai Palisade has five trim levels available, with the cheapest trim to insure being the SE model at an average cost of $1,976 per year.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim level to insure is the Hyundai Palisade SE at an average cost of $1,976 per year. The most expensive model and trim level is the Chevrolet Traverse High Country AWD at an average of $2,306 per year.

The table below ranks the annual and monthly cost of car insurance for 2023 Chevrolet Traverse and Hyundai Palisade models, with average rates for each trim level.

2023 Model Year Chevrolet Traverse vs. Hyundai Palisade Insurance Rates
Model and Trim Level Annual Premium Cost Per Month
$1,976$165
$2,010$168
$2,052$171
$2,052$171
$2,068$172
$2,102$175
$2,136$178
$2,136$178
$2,166$181
$2,200$183
$2,210$184
$2,226$186
$2,228$186
$2,250$188
$2,264$189
$2,286$191
$2,306$192

Data Methodogy: Rated driver is a 40-year-old male with with good credit, a clean driving record, and no claims or at-fault accidents. Premium includes comprehensive and collision coverage with $500 deductibles. Liability limits are 100/300/100 and UM/UIM and medical payments coverage is included. Rates last updated on June 26, 2025

Annual and monthly insurance cost by trim level for a 2023 Chevrolet Traverse and a 2023 Hyundai Palisade
Annual and monthly insurance cost by trim level for a 2023 Chevrolet Traverse and a 2023 Hyundai Palisade

The next chart demonstrates the average cost to insure the two models for four different driver age groups. For a 2023 Chevrolet Traverse, average insurance cost ranges from $1,930 to $4,340 per year. A 2023 Hyundai Palisade costs from $1,868 to $4,246 to insure per year.

Average car insurance premiums for 2023 Chevrolet Traverse and Hyundai Palisade models for different driver ages.
Figure 2: Average car insurance premiums for 2023 Chevrolet Traverse and Hyundai Palisade models for different driver ages. Rates updated on June 26, 2025.

Data Methodology: Rates based on a 2023 model year Chevrolet Traverse and Hyundai Palisade. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision deductibles are $500 and coverage includes UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels for each vehicle.

2023 Chevrolet Traverse vs. Hyundai Palisade Insurance Cost
Driver Age Chevrolet Traverse Hyundai Palisade
18-Year-Old$6,643$6,542
20-Year-Old$4,340$4,246
25-Year-Old$2,520$2,462
30-Year-Old$2,312$2,268
40-Year-Old$2,174$2,118
50-Year-Old$1,930$1,868
60-Year-Old$1,804$1,750

Data Methodology: Rated drivers have no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle for the 2023 model year. Updated June 26, 2025

The next tables illustrate both 2023 models and all trim levels available for each one, as well as the overall average rate for each model.

2023 Chevrolet Traverse

$2,174

Insurance Rates by Trim Level for a 2023 Chevrolet Traverse
2023 Chevrolet Traverse TrimsRate
LS 2WD$2,010
LS AWD2,052
LT Cloth 2WD2,068
LT Cloth AWD2,136
LT Leather 2WD2,136
LT Leather AWD2,166
RS 2WD2,200
RS AWD2,226
Premier 2WD2,228
Premier AWD2,264
High Country 2WD2,286
High Country AWD2,306
2023 Chevrolet Traverse Average Rate$2,174

2023 Hyundai Palisade

$2,118

Insurance Rates by Trim Level for 2023 Chevrolet Traverse
2023 Hyundai Palisade TrimsRate
SE$1,976
SEL2,052
XRT2,102
Limited2,210
Calligraphy2,250
2023 Hyundai Palisade Average Rate$2,118

2022 Chevrolet Traverse vs. Hyundai Palisade

For 2022 Traverse and Palisade models, the cheapest to insure is the Hyundai Palisade. Average insurance rates for the Chevrolet Traverse are $2,202 per year, and the Hyundai Palisade averages $2,052 per year.

It’s important to note, however, that trim level options affect the cost of car insurance. A base model Traverse actually costs less to insure than most Palisade trims, but as an average, the Traverse costs more.

For a 2022 Chevrolet Traverse, rates range from the cheapest price of $1,964 per year for the LS 2WD model up to $2,362 for the High Country AWD model. For the 2022 Hyundai Palisade, rates range from $1,928 per year on the SE model up to $2,160 for the most expensive Calligraphy model.

The table below compares the yearly and monthly cost of car insurance for 2022 Chevrolet Traverse and Hyundai Palisade models, broken down by trim level.

2022 Model Year Chevrolet Traverse vs. Hyundai Palisade Insurance Rates
Model and Trim Level Annual Premium Cost Per Month
$1,928$161
$1,964$164
$1,994$166
$2,086$174
$2,098$175
$2,126$177
$2,150$179
$2,154$180
$2,160$180
$2,164$180
$2,230$186
$2,278$190
$2,286$191
$2,296$191
$2,346$196
$2,362$197

Data Methodogy: Rated driver is a 40-year-old male with with good credit, a clean driving record, and no claims or at-fault accidents. Premium includes comprehensive and collision coverage with $500 deductibles. Liability limits are 100/300/100 and UM/UIM and medical payments coverage is included. Rates last updated on June 27, 2025

Annual and monthly insurance cost by trim level for a 2022 Chevrolet Traverse and a 2022 Hyundai Palisade
Annual and monthly insurance cost by trim level for a 2022 Chevrolet Traverse and a 2022 Hyundai Palisade

The following chart shows the average insurance cost for the two models with different driver age groups. For a 2022 Chevrolet Traverse, the average cost of car insurance ranges from $1,952 to $4,412 per year for the driver ages used. Full-coverage car insurance for the 2022 Hyundai Palisade costs from $1,810 to $4,120 on average per year.

Average car insurance premiums for 2022 Chevrolet Traverse and Hyundai Palisade models for different driver ages.
Figure 3: Average car insurance premiums for 2022 Chevrolet Traverse and Hyundai Palisade models for different driver ages. Rates updated on June 27, 2025.

Data Methodology: Rates based on a 2022 model year Chevrolet Traverse and Hyundai Palisade. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision deductibles are $500 and coverage includes UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels for each vehicle.

2022 Chevrolet Traverse vs. Hyundai Palisade Insurance Cost
Driver Age Chevrolet Traverse Hyundai Palisade
18-Year-Old$6,764$6,350
20-Year-Old$4,412$4,120
25-Year-Old$2,552$2,386
30-Year-Old$2,340$2,194
40-Year-Old$2,202$2,052
50-Year-Old$1,952$1,810
60-Year-Old$1,826$1,698

Data Methodology: Rated drivers have no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle for the 2022 model year. Updated June 27, 2025

For the 12 trims available for a 2022 Chevrolet Traverse, the most affordable trim level to insure is the LS 2WD model at an average cost of $1,964 per year, or around $164 per month. Out of the four trim options available for a Hyundai Palisade, the most affordable 2022 model to insure is the SE model at a cost of $1,928 per year, or about $161 per month.

When comparing both models combined at a trim-level basis, the lowest-cost model and trim level to buy insurance for is the Hyundai Palisade SE at an average rate of $1,928 per year, and the most expensive model and trim level is the Chevrolet Traverse High Country AWD at an average of $2,362 per year.

The tables below break down average car insurance cost by trim level for each 2022 model, including an overall average cost for each model.

2022 Chevrolet Traverse

$2,202

Insurance Rates by Trim Level for a 2022 Chevrolet Traverse
2022 Chevrolet Traverse TrimsRate
LS 2WD$1,964
LS AWD2,086
LT Cloth 2WD2,098
LT Leather 2WD2,150
LT Cloth AWD2,154
LT Leather AWD2,164
RS 2WD2,230
RS AWD2,278
Premier 2WD2,286
Premier AWD2,296
High Country 2WD2,346
High Country AWD2,362
2022 Chevrolet Traverse Average Rate$2,202

2022 Hyundai Palisade

$2,052

Insurance Rates by Trim Level for 2022 Chevrolet Traverse
2022 Hyundai Palisade TrimsRate
SE$1,928
SEL1,994
Limited2,126
Calligraphy2,160
2022 Hyundai Palisade Average Rate$2,052

2021 Chevrolet Traverse vs. Hyundai Palisade

When comparing average insurance rates for the 2021 Chevrolet Traverse and Hyundai Palisade models, the Hyundai Palisade is cheaper by an average of $76 per year for 2021.

The rate chart below visualizes the average insurance cost for both 2021 models with different driver age groups. Insurance cost ranges from $1,852 to $4,180 per year for a 2021 Chevrolet Traverse, and $1,778 to $4,056 on the 2021 Hyundai Palisade for these driver ages.

Average car insurance premiums for 2021 Chevrolet Traverse and Hyundai Palisade models for different driver ages.
Figure 4: Average car insurance premiums for 2021 Chevrolet Traverse and Hyundai Palisade models for different driver ages. Rates updated on June 27, 2025.

Data Methodology: Rates based on a 2021 model year Chevrolet Traverse and Hyundai Palisade. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision deductibles are $500 and coverage includes UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels for each vehicle.

2021 Chevrolet Traverse vs. Hyundai Palisade Insurance Cost
Driver Age Chevrolet Traverse Hyundai Palisade
18-Year-Old$6,409$6,247
20-Year-Old$4,180$4,056
25-Year-Old$2,418$2,330
30-Year-Old$2,216$2,138
40-Year-Old$2,084$2,008
50-Year-Old$1,852$1,778
60-Year-Old$1,734$1,666

Data Methodology: Rated drivers have no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle for the 2021 model year. Updated June 27, 2025

For the 13 trim levels available for the 2021 Chevrolet Traverse, the lowest-cost trim to insure is the L 2WD trim at an average cost of $1,802 per year, or $150 per month.

Out of the 10 option levels available for the Hyundai Palisade, the most affordable 2021 trim to insure is the SE 2WD trim at a cost of $1,898 per year, or $158 per month.

When insurance prices for all 23 trim levels for both 2021 models are compared, the cheapest model and trim level to put coverage on is the Chevrolet Traverse L 2WD at an average of $1,802 per year. The most expensive trim is the Chevrolet Traverse High Country AWD at an average of $2,252 per year.

The two tables below break down average cost to insure each trim level for a 2021 Chevrolet Traverse and Hyundai Palisade, including an overall average cost for each model. The 2021 Hyundai Palisade is the winner over the 2021 Chevrolet Traverse for cheapest overall car insurance cost.

2021 Chevrolet Traverse

$2,084

Insurance Rates by Trim Level for a 2021 Chevrolet Traverse
2021 Chevrolet Traverse TrimsRate
L 2WD$1,802
LS 2WD1,866
LS AWD1,996
LT Cloth 2WD1,996
LT Cloth AWD2,058
LT Leather 2WD2,058
LT Leather AWD2,124
RS 2WD2,124
Premier 2WD2,188
Premier AWD2,188
RS AWD2,188
High Country 2WD2,252
High Country AWD2,252
2021 Chevrolet Traverse Average Rate$2,084

2021 Hyundai Palisade

$2,008

Insurance Rates by Trim Level for 2021 Chevrolet Traverse
2021 Hyundai Palisade TrimsRate
SE 2WD$1,898
SE AWD1,962
SEL 2WD1,962
SEL AWD1,962
SEL Convenience 2WD1,962
SEL Convenience AWD2,028
SEL Premium 2WD2,028
SEL Premium AWD2,028
Limited 2WD2,090
Limited AWD2,156
2021 Hyundai Palisade Average Rate$2,008

2020 Chevrolet Traverse vs. Hyundai Palisade

For 2020 Chevrolet Traverse and Hyundai Palisade models, the Hyundai Palisade costs less to insure by $78 per year.

The following chart demonstrates the average car insurance cost for both 2020 models rated for drivers aged 20 to 50. Average insurance cost ranges from $1,802 to $4,060 per year for a 2020 Chevrolet Traverse, and $1,730 to $3,936 on the 2020 Hyundai Palisade for these driver ages.

Average car insurance premiums for 2020 Chevrolet Traverse and Hyundai Palisade models for different driver ages.
Figure 5: Average car insurance premiums for 2020 Chevrolet Traverse and Hyundai Palisade models for different driver ages. Rates updated on June 27, 2025.

Data Methodology: Rates based on a 2020 model year Chevrolet Traverse and Hyundai Palisade. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision deductibles are $500 and coverage includes UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels for each vehicle.

2020 Chevrolet Traverse vs. Hyundai Palisade Insurance Cost
Driver Age Chevrolet Traverse Hyundai Palisade
18-Year-Old$6,224$6,059
20-Year-Old$4,060$3,936
25-Year-Old$2,348$2,262
30-Year-Old$2,150$2,074
40-Year-Old$2,024$1,946
50-Year-Old$1,802$1,730
60-Year-Old$1,684$1,618

Data Methodology: Rated drivers have no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle for the 2020 model year. Updated June 27, 2025

For the 13 trims available for the 2020 Chevrolet Traverse, the lowest-cost model to insure is the L 2WD model at an average cost of $1,754 per year, or around $146 per month. For the 10 different trims available for the Hyundai Palisade, the cheapest 2020 trim level to insure is the SE 2WD model at a cost of $1,842 per year, or $154 per month.

When comparing car insurance rates for both models by trim level, the overall cheapest vehicle to insure is the Chevrolet Traverse L 2WD at a cost of $1,754 per year, and the highest-cost model and trim is the Chevrolet Traverse High Country AWD at an average of $2,186 per year.

The next tables show trim level insurance rates for each 2020 model, plus an average rate for each model. The winner for the 2020 car insurance comparison is the Hyundai Palisade.

2020 Chevrolet Traverse

$2,024

Insurance Rates by Trim Level for a 2020 Chevrolet Traverse
2020 Chevrolet Traverse TrimsRate
L 2WD$1,754
LS 2WD1,816
LS AWD1,938
LT Cloth 2WD1,938
LT Cloth AWD2,000
LT Leather 2WD2,000
LT Leather AWD2,062
RS 2WD2,062
Premier 2WD2,124
Premier AWD2,124
RS AWD2,124
High Country 2WD2,186
High Country AWD2,186
2020 Chevrolet Traverse Average Rate$2,024

2020 Hyundai Palisade

$1,946

Insurance Rates by Trim Level for 2020 Chevrolet Traverse
2020 Hyundai Palisade TrimsRate
SE 2WD$1,842
SE AWD1,902
SEL 2WD1,902
SEL AWD1,902
SEL Convenience 2WD1,902
SEL Convenience AWD1,964
SEL Premium 2WD1,964
SEL Premium AWD1,964
Limited 2WD2,038
Limited AWD2,090
2020 Hyundai Palisade Average Rate$1,946

Additional Chevrolet Traverse and Hyundai Palisade Resources