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

• At an average cost of $1,504 per year, a 2023 Ford Explorer is cheaper to insure than a 2023 Chevrolet Traverse by an average of $180 per year.
• For a 2023 Ford Explorer, car insurance rates range from $1,362 to $1,562 per year, while insurance on a 2023 Chevrolet Traverse ranges from $1,560 to $1,786 for full-coverage.
• Out of 31 models in the 2023 midsize SUV segment, the Ford Explorer ranks fourth and the Chevrolet Traverse ranks 14^th for cheapest overall car insurance rates.

Is a Ford Explorer or Chevy Traverse cheaper to insure?

Insurance rates on a 2023 Ford Explorer cost an average of $1,504 per year, and insurance for a 2023 Chevrolet Traverse costs an average of $1,684 per year, making the Ford Explorer the cheaper model to insure by $180 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 $1,362 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 $1,560.

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 $1,362 per year. The most expensive trim is the Chevrolet Traverse High Country AWD costing $1,786 per year.

On a monthly basis, car insurance rates for all 2023 Ford Explorer and Chevrolet Traverse models range from $114 to $149 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 $1,364 to $2,960 per year for the included age groups. A 2023 Chevrolet Traverse costs from $1,534 to $3,326 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 $1,554 per year, and insurance for the Chevrolet Traverse averages $1,704 per year.

Insurance cost varies significantly depending on the trim level, however. For a 2022 Ford Explorer, rates range from $1,430 per year for the XLT 2WD model up to $1,642 for the Platinum 4WD model. For a 2022 Chevrolet Traverse, rates can range from $1,526 per year for the LS 2WD model up to $1,826 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 $1,430 per year. The most expensive trim is the Chevrolet Traverse High Country AWD costing an average of $1,826 per year.

For a 2022 Ford Explorer, the cheapest models are the XLT 2WD, XLT 4WD, and 2WD. 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 $119 to $152 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 $1,410 to $3,072 per year for the driver ages used. A 2022 Chevrolet Traverse costs from $1,552 to $3,378 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 $1,430 per year, or $119 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 $1,526 per year, or about $127 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 $1,430 per year. The highest-cost model and trim level is the Chevrolet Traverse High Country AWD at an average cost of $1,826 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 $26 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 $1,450 to $3,154 per year for a 2021 Ford Explorer, and $1,470 to $3,202 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 $1,400 per year, or about $117 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 $1,402 per year, or $117 per month.

When trim-level rates for both models are compared, the cheapest trim to insure is the Ford Explorer 2WD at an average rate of $1,400 per year, and the highest-cost model and trim level is the Chevrolet Traverse High Country AWD costing an average of $1,744 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 $1,394 to $3,036 per year for the example age groups. A 2020 Chevrolet Traverse costs from $1,452 to $3,162 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 $1,380 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 $1,384.

When comparing car insurance rates for both models by trim level, the overall cheapest vehicle to insure is the Ford Explorer 2WD at a cost of $1,380 per year, and the most expensive vehicle to insure is the Chevrolet Traverse High Country AWD at a cost of $1,720 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 $1,490 per year to insure and the Chevrolet Traverse costs $1,410, making the Chevrolet Traverse the winner by $80 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 $1,358 to $2,964 per year for a 2019 Ford Explorer, and $1,286 to $2,790 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 $1,380 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 $1,224.

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 $1,224 per year. The most expensive model and trim level is the Ford Explorer Platinum 4WD at a cost of $1,610 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 $74 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 $1,314 to $2,866 per year for the illustrated age groups. A 2018 Chevrolet Traverse costs from $1,246 to $2,704 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 $1,344 per year, or about $112 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 $1,194 per year, or $100 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 $1,194 per year. The highest-cost model and trim is the Ford Explorer Platinum 4WD at an average of $1,564 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 $1,378 per year to insure and a Chevrolet Traverse costs $1,294, making the Chevrolet Traverse cheaper to insure by $84 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 $1,258 to $2,742 per year for a 2017 Ford Explorer, and $1,180 to $2,556 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 $1,294 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 $1,154 per year, or about $96 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 $1,154 per year, and the most expensive trim is the Ford Explorer Platinum 4WD at a cost of $1,502 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 $1,466 per year to insure and the Chevrolet Traverse costs $1,248, making the Chevrolet Traverse the winner by $218.

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 $1,338 to $2,938 per year for the driver ages used. A 2016 Chevrolet Traverse costs from $1,142 to $2,474 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 $1,398 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 $1,150.

When comparing both models at a trim-level basis, the cheapest trim to insure is the Chevrolet Traverse LS 2WD at a cost of $1,150 per year, and the highest-cost model and trim is the Ford Explorer Platinum 4WD at an average of $1,592 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 $40 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 $1,208 to $2,632 per year for a 2015 Ford Explorer, and $1,172 to $2,552 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 $1,284 per year, or $107 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 $1,214.

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 $1,214 per year, and the highest-cost model and trim is the Ford Explorer Sport 4WD costing $1,392 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