Is a Jeep Grand Cherokee or Chevy Traverse Cheaper to Insure?

• The 2024 Chevrolet Traverse overpowers the Jeep Grand Cherokee in our insurance rate comparison, costing $160 less per year to insure on average.
• For a 2024 model year Jeep Grand Cherokee, average full coverage car insurance rates cost from $2,100 to $2,650 per year, while auto insurance for the 2024 Chevrolet Traverse costs from $2,116 to $2,370.
• The Jeep Grand Cherokee Laredo A and the Chevrolet Traverse LS 2WD are the trim levels that are cheapest to insure for each model based on our comparison.

2024 Jeep Grand Cherokee vs. Chevrolet Traverse

Average insurance rates for a 2024 Jeep Grand Cherokee are $2,398 per year, while insurance for a 2024 Chevrolet Traverse averages $2,238 per year, making the Chevrolet Traverse the model with cheaper overall insurance rates.

Out of 19 Jeep Grand Cherokee trim levels, the cheapest 2024 trim level to insure is the Laredo A model at an average cost of $2,100 per year, or about $175 per month. For the seven trims available for the Chevrolet Traverse, the cheapest 2024 trim level to insure is the LS 2WD model at a cost of $2,116.

When average car insurance prices for all 26 trims of both models are combined and sorted by cost, the cheapest model and trim level is the Jeep Grand Cherokee Laredo A at an average cost of $2,100 per year, and the most expensive model and trim level is the Jeep Grand Cherokee Summit Reserve 4xe costing an average of $2,650 per year.

The table shown below ranks the annual and monthly cost of car insurance for 2024 Jeep Grand Cherokee and Chevrolet Traverse models, broken down by individual trim level.

The next chart demonstrates the average cost to insure the two models for a range of driver ages. The average cost of car insurance ranges from $2,110 to $4,828 per year for a 2024 Jeep Grand Cherokee, and $1,990 to $4,468 for a 2024 Chevrolet Traverse for the included age groups.

The rate tables below show the expected annual car insurance cost by trim level for both 2024 models, including the average rate for each model.

2023 Jeep Grand Cherokee vs. Chevrolet Traverse

For 2023 Jeep Grand Cherokee and Chevrolet Traverse models, the midsize sport utility vehicle having more affordable car insurance is the Chevrolet Traverse. Insurance on a Jeep Grand Cherokee costs an average of $2,480 per year, and the Chevrolet Traverse costs an average of $2,226 per year.

For the 2023 Jeep Grand Cherokee, the lowest-cost models to insure include the Laredo 2WD, Laredo 4x4, and Altitude 2WD. The most affordable Chevrolet Traverse trim levels to insure include the LS 2WD, LS AWD, and LT Cloth 2WD.

The table below compares the 12-month and monthly car insurance cost for 2023 Jeep Grand Cherokee and Chevrolet Traverse models, broken down by individual trim level.

The rate chart below demonstrates the average cost to insure both 2023 models rated for drivers aged 20 to 50. For the 2023 Jeep Grand Cherokee, average insurance prices range from $2,194 to $4,994 per year for the illustrated age groups. Full-coverage car insurance for the 2023 Chevrolet Traverse costs from $1,976 to $4,446 on average per year.

For the 16 trim levels available for the 2023 Jeep Grand Cherokee, the cheapest trim level to insure is the Laredo 2WD model at an average cost of $2,224 per year, or $185 per month. For the 12 trim and option levels available for the Chevrolet Traverse, the lowest-cost 2023 model to insure is the LS 2WD trim at a cost of $2,058 per year, or around $172 per month.

When trim-level rates for both models are compared, the cheapest model and trim level to put coverage on is the Chevrolet Traverse LS 2WD at an average of $2,058 per year, and the overall most expensive vehicle to insure is the Jeep Grand Cherokee Summit Reserve 4xe costing $2,676 per year.

The next two tables show average car insurance rates for each trim level, along with an average cost for each model. The winner for the 2023 car insurance rate comparison is the Chevrolet Traverse.

2022 Jeep Grand Cherokee vs. Chevrolet Traverse

A 2022 Chevrolet Traverse costs $162 less per year to insure per year on average than a 2022 Jeep Grand Cherokee, a difference of 6.9%.

The chart shown below displays the average cost to insure both models using different driver ages. For the 2022 Jeep Grand Cherokee, the average car insurance cost ranges from $2,138 to $4,874 per year for the included driver ages. Insurance on a 2022 Chevrolet Traverse costs from $2,000 to $4,520 on average per year.

Out of 16 Jeep Grand Cherokee trims, the most affordable 2022 trim to insure is the Laredo trim at an average cost of $2,174 per year, or around $181 per month.

Out of the 12 different trims available for a Chevrolet Traverse, the most affordable 2022 trim to insure is the LS 2WD model at a cost of $2,012 per year, or about $168 per month.

When trim-level rates for both models are compared, the most affordable model and trim level to put coverage on is the Chevrolet Traverse LS 2WD at an average cost of $2,012 per year. The highest-cost model and trim is the Jeep Grand Cherokee Summit Reserve 4xe at a cost of $2,612 per year.

The rate tables below display average car insurance prices by trim level for each 2022 model, plus the average rate for each model. The winner for the 2022 car insurance cost comparison is the Chevrolet Traverse.

2021 Jeep Grand Cherokee vs. Chevrolet Traverse

For 2021 Jeep Grand Cherokee and Chevrolet Traverse models, the Chevrolet Traverse has cheaper car insurance rates by $272 per year.

The chart shown below visualizes the average cost to insure both 2021 models using a range of rated driver ages. For a 2021 Jeep Grand Cherokee, insurance cost ranges from $2,130 to $4,874 per year. Full-coverage insurance on a 2021 Chevrolet Traverse costs from $1,896 to $4,282 on average per year.

Out of 26 Jeep Grand Cherokee trim levels, the cheapest 2021 trim level to insure is the Laredo 2WD trim at an average cost of $1,984 per year, or around $165 per month.

A 2021 Chevrolet Traverse has 13 trims available, with the cheapest trim level to insure being the L 2WD model at an average cost of $1,844 per year.

When comparing both models combined at a trim-level basis, the cheapest model and trim level to insure is the Chevrolet Traverse L 2WD at an average cost of $1,844 per year, and the most expensive model and trim level is the Jeep Grand Cherokee Trackhawk Signature Leather 4WD at an average of $2,842 per year.

The next two tables display all the available trims for both 2021 models, including an overall average rate. The winner for the 2021 car insurance comparison is the Chevrolet Traverse.

2020 Jeep Grand Cherokee vs. Chevrolet Traverse

For the 2020 Jeep Grand Cherokee and Chevrolet Traverse models, the Chevrolet Traverse has cheaper car insurance rates by an average of $242 per year for this model year.

The rate chart below demonstrates the average car insurance cost for both models for the 20 to 50-year-old driver age groups. Average car insurance cost ranges from $2,050 to $4,686 per year for the 2020 Jeep Grand Cherokee, and $1,842 to $4,162 for a 2020 Chevrolet Traverse for the example age groups.

Out of 26 trims for a 2020 Jeep Grand Cherokee, the cheapest insurance rates are on the Laredo 2WD model at a cost of $1,910 per year.

For the 13 trim levels available for the Chevrolet Traverse, the lowest-cost 2020 trim level to insure is the L 2WD model at a cost of $1,796 per year, or around $150 per month.

When comparing aggregated rates for both models from a trim-level perspective, the cheapest model and trim level to put coverage on is the Chevrolet Traverse L 2WD at an average of $1,796 per year, and the highest-cost model and trim is the Jeep Grand Cherokee Trackhawk Signature Leather 4WD costing $2,734 per year.

The next two tables display all the available trims for both 2020 models, along with the average rate for each model. The cheapest model to insure for the 2020 model year is the Chevrolet Traverse.

2019 Jeep Grand Cherokee vs. Chevrolet Traverse

When comparing car insurance rates for the 2019 Jeep Grand Cherokee and Chevrolet Traverse models, the Chevrolet Traverse has cheaper rates by $300 per year.

The rate chart below displays the average car insurance cost for both models using a range of rated driver ages. Average car insurance cost ranges from $1,888 to $4,326 per year for a 2019 Jeep Grand Cherokee, and $1,624 to $3,652 for a 2019 Chevrolet Traverse for the five age groups shown in the chart.

For the 11 trim levels available for a 2019 Jeep Grand Cherokee, the lowest-cost trim level to insure is the Laredo 2WD trim at an average cost of $1,854 per year.

A 2019 Chevrolet Traverse has 11 different option levels available, with the most affordable trim to insure being the L 2WD model at an average cost of $1,578 per year, or around $132 per month.

When car insurance rates for all 22 trim levels for both 2019 models are compared, the cheapest trim to put coverage on is the Chevrolet Traverse L 2WD at an average rate of $1,578 per year, and the overall most expensive vehicle to insure is the Jeep Grand Cherokee Trackhawk 4WD at a cost of $2,584 per year.

The tables shown below break down the average cost to insure each trim level for a 2019 Jeep Grand Cherokee and Chevrolet Traverse, along with an average cost for each model. The model with the cheapest average car insurance rates for 2019 is the Chevrolet Traverse.

2018 Jeep Grand Cherokee vs. Chevrolet Traverse

When comparing car insurance rates for 2018 models, the Jeep Grand Cherokee costs an average of $2,000 per year for a full-coverage policy and the Chevrolet Traverse costs $1,734, making the Chevrolet Traverse the cheaper model by $266.

The rate chart below illustrates the average cost to insure both 2018 models with different drivers at the wheel. For the 2018 Jeep Grand Cherokee, average insurance cost ranges from $1,778 to $4,056 per year for the five driver ages sampled in the chart. Insurance on the 2018 Chevrolet Traverse ranges from $1,544 to $3,468 on average per year.

For the 11 trim levels available for a 2018 Jeep Grand Cherokee, the lowest-cost model to insure is the Laredo 2WD trim at an average cost of $1,778 per year, or around $148 per month. Out of the nine trim levels available for a Chevrolet Traverse, the most affordable 2018 trim to insure is the L 2WD trim at a cost of $1,516 per year, or $126 per month.

When insurance prices for all 20 trim levels for the 2018 model year of both models are compared, the cheapest trim to put coverage on is the Chevrolet Traverse L 2WD at an average rate of $1,516 per year, and the most expensive vehicle to insure is the Jeep Grand Cherokee Trackhawk 4WD at a cost of $2,462 per year.

The two tables below illustrate average car insurance rates for every trim level for both 2018 models, including an overall average cost for each model. The 2018 Chevrolet Traverse wins out over the 2018 Jeep Grand Cherokee for the cheapest car insurance cost.

2017 Jeep Grand Cherokee vs. Chevrolet Traverse

For 2017 Jeep Grand Cherokee and Chevrolet Traverse models, the Chevrolet Traverse costs less to insure by $260 per year for this comparison year.

The following chart demonstrates the average car insurance cost for both models with different ages of drivers. Average insurance cost ranges from $1,704 to $3,878 per year on the 2017 Jeep Grand Cherokee, and $1,476 to $3,296 for a 2017 Chevrolet Traverse for the age groups in the chart.

Out of 16 Jeep Grand Cherokee trim levels, the lowest-cost 2017 trim to insure is the Laredo 2WD model at an average cost of $1,716 per year. For the six different trim levels available for a Chevrolet Traverse, the lowest-cost 2017 trim package to insure is the LS 2WD trim at a cost of $1,470 per year, or $123 per month.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim to put coverage on is the Chevrolet Traverse LS 2WD at an average cost of $1,470 per year. The most expensive trim is the Jeep Grand Cherokee Summit 4WD Diesel at an average cost of $2,056 per year.

The next tables detail trim level insurance cost averages for both 2017 models, including an overall average cost for each model.

2016 Jeep Grand Cherokee vs. Chevrolet Traverse

For 2016 Jeep Grand Cherokee and Chevrolet Traverse models, the Chevrolet Traverse has cheaper car insurance rates by $174 per year.

The chart shown below visualizes the average insurance cost for the two models for different driver ages. For a 2016 Jeep Grand Cherokee, average car insurance prices range from $1,534 to $3,462 per year. Full-coverage car insurance for the 2016 Chevrolet Traverse ranges from $1,386 to $3,088 on average per year.

Out of 15 trim levels for a 2016 Jeep Grand Cherokee, the most affordable auto insurance rates are on the Laredo 2WD trim at a cost of $1,482 per year.

For the six different trims available for the Chevrolet Traverse, the lowest-cost 2016 trim to insure is the LS 2WD model at a cost of $1,426 per year, or $119 per month.

When comparing rates by trim level for both models, the lowest-cost model and trim to put coverage on is the Chevrolet Traverse LS 2WD at a cost of $1,426 per year, and the most expensive model and trim level is the Jeep Grand Cherokee SRT8 4WD at an average of $1,942 per year.

The next tables display the average cost to insure all 2016 trim levels, including the average rate for each model. The 2016 Chevrolet Traverse has lower-cost car average car insurance rates than the 2016 Jeep Grand Cherokee.

2015 Jeep Grand Cherokee vs. Chevrolet Traverse

When comparing average insurance rates for the 2015 Jeep Grand Cherokee and Chevrolet Traverse models, the Chevrolet Traverse has cheaper rates by $152 per year for this comparison year.

The chart shown below visualizes the average car insurance cost for both 2015 models for a range of driver ages. For a 2015 Jeep Grand Cherokee, average insurance rates range from $1,556 to $3,518 per year for the five different driver ages shown in the chart. Car insurance for a 2015 Chevrolet Traverse ranges from $1,426 to $3,202 on average per year.

Out of nine trims for the 2015 Jeep Grand Cherokee, the cheapest car insurance rates are on the Laredo 2WD trim at a cost of $1,564 per year, or $130 per month.

For the six different trim levels available for a Chevrolet Traverse, the lowest-cost 2015 trim level to insure is the LS 2WD model at a cost of $1,498 per year, or about $125 per month.

When comparing combined rates for both models from a trim-level perspective, the cheapest trim to buy insurance for is the Chevrolet Traverse LS 2WD at an average rate of $1,498 per year. The most expensive model and trim level is the Jeep Grand Cherokee SRT8 4WD costing $1,930 per year.

The tables below break down the average cost to insure all 2015 trim levels, along with an average cost for each model. The 2015 Chevrolet Traverse takes the trophy over the 2015 Jeep Grand Cherokee for the cheapest overall car insurance rates.

Additional Jeep Grand Cherokee and Chevrolet Traverse Resources

• Jeep Grand Cherokee Insurance Cost
• Chevrolet Traverse Insurance Cost
• Midsize SUV Insurance Cost Comparisons