Chevrolet Traverse and Hyundai Palisade Insurance Quotes Compared

• At an average rate of $2,238 per year, a 2024 Chevrolet Traverse costs less to insure than a 2024 Hyundai Palisade by an average of $212 per year.
• When compared to the average U.S. car insurance rate of $2,276 per year, the Chevrolet Traverse costs an average of $38 less per year, while the Hyundai Palisade costs $174 more per year.
• For the 2024 model year Chevrolet Traverse, auto insurance rates range from $2,116 to $2,370 per year, while insurance for a 2024 Hyundai Palisade ranges from $2,258 to $2,608, 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 $2,238 per year, whereas insurance for a Hyundai Palisade averages $2,450 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 $2,116 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 $2,258 per year, or around $188 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 $2,116 per year. The most expensive vehicle to insure is the Hyundai Palisade Calligraphy Night at an average of $2,608 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.

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 $1,990 to $4,468 per year for a 2024 Chevrolet Traverse, and $2,154 to $4,992 for a 2024 Hyundai Palisade for the example age groups.

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.

2023 Chevrolet Traverse vs. Hyundai Palisade

Insurance cost for a 2023 Chevrolet Traverse averages $2,226 per year, and insurance for a Hyundai Palisade costs an average of $2,170 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 $2,058 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 $2,024 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 $2,024 per year. The most expensive model and trim level is the Chevrolet Traverse High Country AWD at an average of $2,360 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.

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 $1,976 to $4,446 per year. A 2023 Hyundai Palisade costs from $1,914 to $4,354 to insure per year.

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.

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 $2,252 per year, and the Hyundai Palisade averages $2,102 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 $2,012 per year for the LS 2WD model up to $2,418 for the High Country AWD model. For the 2022 Hyundai Palisade, rates range from $1,976 per year on the SE model up to $2,212 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.

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 $2,000 to $4,520 per year for the driver ages used. Full-coverage car insurance for the 2022 Hyundai Palisade costs from $1,854 to $4,224 on average per year.

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 $2,012 per year, or around $168 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 $1,976 per year, or about $165 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 $1,976 per year, and the most expensive model and trim level is the Chevrolet Traverse High Country AWD at an average of $2,418 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.

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 $78 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 $1,896 to $4,282 per year for a 2021 Chevrolet Traverse, and $1,822 to $4,152 on the 2021 Hyundai Palisade for these driver ages.

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 $1,844 per year, or $154 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 $1,944 per year, or $162 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 $1,844 per year. The most expensive trim is the Chevrolet Traverse High Country AWD at an average of $2,308 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.

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 $1,842 to $4,162 per year for a 2020 Chevrolet Traverse, and $1,770 to $4,030 on the 2020 Hyundai Palisade for these driver ages.

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 $1,796 per year, or around $150 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 $1,886 per year, or $157 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 $1,796 per year, and the highest-cost model and trim is the Chevrolet Traverse High Country AWD at an average of $2,238 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.

Additional Chevrolet Traverse and Hyundai Palisade Resources

• Chevrolet Traverse Insurance Cost
• Hyundai Palisade Insurance Cost
• Midsize SUV Insurance Cost Comparisons