Ford Explorer vs. Chevy Traverse – Which is Cheaper to Insure?

• At an average cost of $2,176 per year, a 2024 Ford Explorer is cheaper to insure than a 2024 Chevrolet Traverse by an average of $62 per year.
• For a 2024 Ford Explorer, car insurance rates range from $1,902 to $2,316 per year, while insurance on a 2024 Chevrolet Traverse ranges from $2,116 to $2,370 for full-coverage.
• Out of 34 models in the 2024 midsize SUV segment, the Ford Explorer ranks eighth and the Chevrolet Traverse ranks 11^th for cheapest overall car insurance rates.

Is a Ford Explorer or Chevy Traverse cheaper to insure?

Insurance on a 2024 Ford Explorer costs an average of $2,176 per year, while insurance for a Chevrolet Traverse costs an average of $2,238 per year, making the Ford Explorer the model with the cheapest overall car insurance rates.

Out of 13 Ford Explorer trim levels, the cheapest 2024 trim level to insure is the XLT 2WD model at an average cost of $1,902 per year. For the seven trim levels available for the Chevrolet Traverse, the cheapest 2024 trim to insure is the LS 2WD model at a cost of $2,116.

When insurance prices for all 20 trims of both models are combined and sorted by cost, the cheapest model and trim level is the Ford Explorer XLT 2WD at an average of $1,902 per year, and the overall most expensive vehicle to insure is the Chevrolet Traverse RS AWD costing an average of $2,370 per year.

The next table compares and ranks the cost of car insurance for 2024 Ford Explorer and Chevrolet Traverse models, showing average cost by trim level for each model.

The chart shown below displays the average cost to insure the two models rated for multiple driver ages. For a 2024 Ford Explorer, the average cost of car insurance ranges from $1,928 to $4,394 per year for the age groups used in this illustration. A 2024 Chevrolet Traverse costs from $1,990 to $4,468 to insure per year.

The tables below display the cost to insure the available trim levels for both 2024 models, along with an average cost for each model. The model with the cheapest overall car insurance rates for 2024 is the Ford Explorer.

2023 Ford Explorer vs. Chevrolet Traverse

Insurance rates on a 2023 Ford Explorer cost an average of $1,996 per year, and insurance for a 2023 Chevrolet Traverse costs an average of $2,226 per year, making the Ford Explorer the cheaper model to insure by $230 per year.

For the 17 trim levels available for the 2023 Ford Explorer, the cheapest trim to insure is the XLT 2WD model at an average cost of $1,814 per year.

For the 12 trims available for the Chevrolet Traverse, the cheapest 2023 model to insure is the LS 2WD model at a cost of $2,058.

When rates for all 29 trim levels for both vehicles are compared, the lowest-cost model and trim level to insure is the Ford Explorer XLT 2WD at a cost of $1,814 per year. The most expensive trim is the Chevrolet Traverse High Country AWD costing $2,360 per year.

On a monthly basis, car insurance rates for all 2023 Ford Explorer and Chevrolet Traverse models range from $151 to $197 per month.

The table below compares and ranks the yearly and monthly cost of car insurance for 2023 Ford Explorer and Chevrolet Traverse models, broken down by trim level.

The next chart demonstrates the average cost to insure both 2023 models rated for different driver ages. For a 2023 Ford Explorer, average insurance cost ranges from $1,756 to $3,966 per year for the included age groups. A 2023 Chevrolet Traverse costs from $1,976 to $4,446 to insure per year.

The two tables below show average cost to insure each trim level for a 2023 Ford Explorer and Chevrolet Traverse, including an overall average rate.

2022 Ford Explorer vs. Chevrolet Traverse

For 2022, the cheapest model to insure is the Ford Explorer. Average car insurance rates for the Ford Explorer are $2,058 per year, and insurance for the Chevrolet Traverse averages $2,252 per year.

Insurance cost varies significantly depending on the trim level, however. For a 2022 Ford Explorer, rates range from $1,894 per year for the XLT 2WD model up to $2,178 for the Platinum 4WD model. For a 2022 Chevrolet Traverse, rates can range from $2,012 per year for the LS 2WD model up to $2,418 for the High Country AWD model.

When comparing car insurance rates for both models by trim level, the cheapest vehicle to insure is the Ford Explorer XLT 2WD at a cost of $1,894 per year. The most expensive trim is the Chevrolet Traverse High Country AWD costing an average of $2,418 per year.

For a 2022 Ford Explorer, the cheapest models are the XLT 2WD, 2WD, and XLT 4WD. The cheapest Chevrolet Traverse models include the LS 2WD, LS AWD, and LT Cloth 2WD. From a cost-per-month basis, car insurance rates for all 2022 Ford Explorer and Chevrolet Traverse models and trims range from $158 to $202 per month.

The table below compares annual and monthly car insurance cost for a 2022 Ford Explorer and Chevrolet Traverse. Rates for both models are combined and sorted from lowest to highest cost to allow for easy comparison of cost for individual models.

The chart below displays the average cost to insure both models for different driver ages. For a 2022 Ford Explorer, average insurance cost ranges from $1,818 to $4,118 per year for the driver ages used. A 2022 Chevrolet Traverse costs from $2,000 to $4,520 to insure per year.

Out of 15 Ford Explorer trims, the cheapest 2022 trim to insure is the XLT 2WD trim at an average cost of $1,894 per year, or $158 per month. The 2022 Chevrolet Traverse has 12 trims available, with the cheapest trim to insure being the LS 2WD trim at an average cost of $2,012 per year, or about $168 per month.

When auto insurance rates for all 27 trim levels for the 2022 model year of both models are compared, the overall cheapest vehicle to insure is the Ford Explorer XLT 2WD at an average rate of $1,894 per year. The highest-cost model and trim level is the Chevrolet Traverse High Country AWD at an average cost of $2,418 per year.

The tables shown below show average car insurance rates for every trim level for both 2022 models, as well as the overall average rate for each model. The 2022 Ford Explorer wins the head-to-head comparison over the 2022 Chevrolet Traverse for the cheapest average car insurance rates.

2021 Ford Explorer vs. Chevrolet Traverse

For 2021 Ford Explorer and Chevrolet Traverse models, the Ford Explorer has cheaper car insurance rates by an average of $24 per year for this comparison year.

The rate chart below shows the average cost to insure both 2021 models for drivers aged 20 to 50. Average insurance cost ranges from $1,868 to $4,230 per year for a 2021 Ford Explorer, and $1,896 to $4,282 for a 2021 Chevrolet Traverse for the included driver ages.

For the 13 trims available for the 2021 Ford Explorer, the cheapest trim level to insure is the 2WD trim at an average cost of $1,850 per year, or about $154 per month.

For the 13 trim levels available for the Chevrolet Traverse, the cheapest 2021 model to insure is the L 2WD model at a cost of $1,844 per year, or $154 per month.

When trim-level rates for both models are compared, the cheapest trim to insure is the Chevrolet Traverse L 2WD at an average rate of $1,844 per year, and the highest-cost model and trim level is the Chevrolet Traverse High Country AWD costing an average of $2,308 per year.

The next two rate tables show all the available trims for both 2021 models, as well as the overall average rate for each model. The 2021 Ford Explorer has cheaper overall car insurance rates than the 2021 Chevrolet Traverse.

2020 Ford Explorer vs. Chevrolet Traverse

When comparing car insurance rates for the 2020 Ford Explorer and Chevrolet Traverse models, the Ford Explorer is cheaper by an average of $66 per year for 2020.

The rate chart below demonstrates the average cost to insure both models for the 20 to 50-year-old driver age groups. For a 2020 Ford Explorer, average insurance cost ranges from $1,780 to $4,026 per year for the example age groups. A 2020 Chevrolet Traverse costs from $1,842 to $4,162 to insure per year.

For the nine trim levels available for the 2020 Ford Explorer, the cheapest trim to insure is the 2WD trim at an average cost of $1,810 per year.

For the 13 trim levels available for the Chevrolet Traverse, the cheapest 2020 trim to insure is the L 2WD trim at a cost of $1,796.

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 most expensive vehicle to insure is the Chevrolet Traverse High Country AWD at a cost of $2,238 per year.

The tables below illustrate trim level insurance cost averages for both 2020 models, along with an average cost for each model.

2019 Ford Explorer vs. Chevrolet Traverse

When comparing insurance rates for 2019 models, the Ford Explorer costs an average of $1,930 per year to insure and the Chevrolet Traverse costs $1,826, making the Chevrolet Traverse the winner by $104 for the 2019 comparison year.

The chart shown below shows the average cost to insure both models for drivers aged 20 to 50. Average insurance cost ranges from $1,714 to $3,892 per year for a 2019 Ford Explorer, and $1,624 to $3,652 for a 2019 Chevrolet Traverse for the age groups used in the chart.

The 2019 Ford Explorer has eight trim levels available, with the cheapest model to insure being the 2WD model at an average cost of $1,786 per year.

For the 11 trims available for the Chevrolet Traverse, the cheapest 2019 trim to insure is the L 2WD trim at a cost of $1,578.

When comparing car insurance rates for both models by trim level, the cheapest model and trim level to insure is the Chevrolet Traverse L 2WD at an average cost of $1,578 per year. The most expensive model and trim level is the Ford Explorer Platinum 4WD at a cost of $2,090 per year.

The two tables below display the average insurance cost by trim level for both 2019 models, plus an average rate for each model.

2018 Ford Explorer vs. Chevrolet Traverse

For 2018 Ford Explorer and Chevrolet Traverse models, the Chevrolet Traverse has lower-cost car insurance by an average of $94 per year for this model year.

The next chart displays the average cost to insure both 2018 models for different driver ages. For a 2018 Ford Explorer, the average cost of car insurance ranges from $1,626 to $3,682 per year for the illustrated age groups. A 2018 Chevrolet Traverse costs from $1,544 to $3,468 to insure per year.

The 2018 Ford Explorer has nine trims available, with the cheapest trim to insure being the 2WD model at an average cost of $1,708 per year, or about $142 per month. Out of the nine trims available for the Chevrolet Traverse, the cheapest 2018 model to insure is the L 2WD model at a cost of $1,516 per year, or $126 per month.

When car insurance rates for all 18 trims of both models are combined and sorted by cost, the cheapest model and trim level to insure is the Chevrolet Traverse L 2WD at a cost of $1,516 per year. The highest-cost model and trim is the Ford Explorer Platinum 4WD at an average of $1,994 per year.

The next two rate tables display the cost to insure the available trim levels for both 2018 models, including an overall average rate. The 2018 Chevrolet Traverse has cheaper overall car insurance rates than the 2018 Ford Explorer.

2017 Ford Explorer vs. Chevrolet Traverse

When comparing insurance cost for 2017 models, a Ford Explorer costs an average of $1,754 per year to insure and a Chevrolet Traverse costs $1,652, making the Chevrolet Traverse cheaper to insure by $102 per year for 2017.

The chart below displays the average cost to insure the two models using a range of rated driver ages. The average car insurance cost ranges from $1,562 to $3,526 per year for a 2017 Ford Explorer, and $1,476 to $3,296 for a 2017 Chevrolet Traverse for the included age groups.

Out of nine Ford Explorer trims, the cheapest 2017 trim level to insure is the 2WD model at an average cost of $1,646 per year.

The 2017 Chevrolet Traverse has six trims available, with the cheapest trim level to insure being the LS 2WD model at an average cost of $1,470 per year, or about $123 per month.

When comparing aggregated rates for both models from a trim-level perspective, the cheapest vehicle to insure is the Chevrolet Traverse LS 2WD at an average cost of $1,470 per year, and the most expensive trim is the Ford Explorer Platinum 4WD at a cost of $1,916 per year.

The next tables display average car insurance rates for every trim level for both 2017 models, plus the average rate for each model. The 2017 Chevrolet Traverse reigns victorious over the 2017 Ford Explorer for cheapest car insurance rates.

2016 Ford Explorer vs. Chevrolet Traverse

When comparing car insurance rates for 2016 models, the Ford Explorer costs an average of $1,812 per year to insure and the Chevrolet Traverse costs $1,548, making the Chevrolet Traverse the winner by $264.

The chart below visualizes the average cost to insure the two models with different ages of drivers. For a 2016 Ford Explorer, average insurance cost ranges from $1,618 to $3,674 per year for the driver ages used. A 2016 Chevrolet Traverse costs from $1,386 to $3,088 to insure per year.

The 2016 Ford Explorer has nine trims available, with the cheapest trim to insure being the 2WD trim at an average cost of $1,724 per year. For the six trim levels available for the Chevrolet Traverse, the cheapest 2016 model to insure is the LS 2WD model at a cost of $1,426.

When comparing both models at a trim-level basis, the cheapest trim to insure is the Chevrolet Traverse LS 2WD at a cost of $1,426 per year, and the highest-cost model and trim is the Ford Explorer Platinum 4WD at an average of $1,972 per year.

The next two rate tables illustrate average car insurance rates for every trim level for both 2016 models, as well as an average rate for each model.

2015 Ford Explorer vs. Chevrolet Traverse

For the 2015 Ford Explorer and Chevrolet Traverse models, the Chevrolet Traverse has cheaper car insurance rates by an average of $42 per year for this comparison year.

The chart below demonstrates the average cost to insure the two models for a range of driver ages. The average car insurance cost ranges from $1,460 to $3,286 per year for a 2015 Ford Explorer, and $1,426 to $3,202 for a 2015 Chevrolet Traverse for the age groups used in the chart.

The 2015 Ford Explorer has eight trims available, with the cheapest trim level to insure being the 2WD model at an average cost of $1,578 per year, or $132 per month.

For the six trim levels available for the Chevrolet Traverse, the cheapest 2015 trim to insure is the LS 2WD trim at a cost of $1,498.

When rates for all 14 trim levels for both vehicles are compared, the lowest-cost model and trim to insure is the Chevrolet Traverse LS 2WD at an average cost of $1,498 per year, and the highest-cost model and trim is the Ford Explorer Sport 4WD costing $1,718 per year.

The rate tables below show average cost to insure each trim level for a 2015 Ford Explorer and Chevrolet Traverse, as well as the overall average rate for each model. The 2015 Chevrolet Traverse takes the trophy over the 2015 Ford Explorer for cheapest auto insurance rates.

Additional Ford Explorer and Chevrolet Traverse Resources

• Ford Explorer Insurance Rates
• Chevrolet Traverse Insurance Rates
• Midsize SUV Insurance Rate Comparisons