Toyota Highlander Insurance vs. Chevrolet Traverse Insurance

• At an average savings of $78 per year, the 2023 Chevrolet Traverse is cheaper to insure than the 2023 Toyota Highlander.
• For a 2023 Toyota Highlander, average full-coverage car insurance rates range from $1,542 to $1,980 per year, while auto insurance for a 2023 Chevrolet Traverse costs from $1,560 to $1,786, depending on the exact model being insured.
• Out of 31 models in the 2023 midsize SUV category, the Toyota Highlander ranks 21^st and the Chevrolet Traverse ranks 14^th for cheapest car insurance cost.

Does a Highlander or Traverse have cheaper insurance?

For 2023 Highlander and Traverse models, the model with the cheapest average car insurance rates is the Chevrolet Traverse. Insurance on the Toyota Highlander averages $1,762 per year, whereas insurance for the Chevrolet Traverse costs an average of $1,684 per year.

For the 22 trim levels available for the 2023 Toyota Highlander, the cheapest trim to insure is the L 2WD model at an average cost of $1,542 per year, or about $129 per month. For the 12 trim levels available for the Chevrolet Traverse, the cheapest 2023 trim level to insure is the LS 2WD model at a cost of $1,560.

When rates for all 34 trims of both models are combined and sorted by cost, the most affordable model and trim level to insure is the Toyota Highlander L 2WD at an average cost of $1,542 per year, and the most expensive trim is the Toyota Highlander Hybrid Platinum AWD costing $1,980 per year.

The table shown below compares and ranks the annual and monthly cost of car insurance for 2023 Toyota Highlander and Chevrolet Traverse models, with average rates for every trim level for each model.

The chart shown below demonstrates the average cost to insure the two models rated for a variety of different driver ages. The average cost of car insurance ranges from $1,604 to $3,524 per year for a 2023 Toyota Highlander, and $1,534 to $3,326 for a 2023 Chevrolet Traverse for the illustrated age groups.

The next tables illustrate all the available trims for both 2023 models, along with an average cost for each model. The 2023 Chevrolet Traverse has more affordable average car insurance rates than the 2023 Toyota Highlander.

2022 Toyota Highlander vs. Chevrolet Traverse

For the 2022 model year, the vehicle with the cheapest average car insurance rates is the Toyota Highlander. Average car insurance rates for the Toyota Highlander are $1,662 per year, whereas insurance for a Chevrolet Traverse averages $1,704 per year.

Auto insurance cost varies quite a bit depending on the trim level being insured, however. To illustrate this point, Highlander insurance rates can range from $1,456 per year for the L 2WD model up to $1,874 for the Hybrid Platinum AWD model. For the 2022 Chevrolet Traverse, rates can range from $1,526 per year for the LS 2WD model up to $1,826 on the High Country AWD model. So the exact trim levels of the models you’re comparing will determine which model is in fact cheapest.

For a 2022 Toyota Highlander, the cheapest models are the L 2WD, L AWD, and LE 2WD. The cheapest Chevrolet Traverse models include the LS 2WD, LS AWD, and LT Cloth 2WD. On a monthly basis, car insurance rates for all 2022 Toyota Highlander and Chevrolet Traverse trim levels cost from $121 to $156 per month.

For previous model years, average auto insurance rates for each model compare as shown below. Click on any linked model year to view insurance rates for every trim level.

• 2021 Model Year – With a savings of $94 per year, the Chevrolet Traverse costs less to insure than the Toyota Highlander.
• 2020 Model Year – Averaging $94 less per year, the Chevrolet Traverse has cheaper insurance rates between the 2020 Highlander and Traverse models.
• 2019 Model Year – With a savings of $180 per year, the Chevrolet Traverse costs less to insure than the Toyota Highlander.
• 2018 Model Year – The Highlander averages $1,546 per year to insure and the Traverse costs an average of $1,364 annually. The more affordable model is the Chevrolet Traverse by $182 per year.
• 2017 Model Year – For this model year, the Highlander costs an average of $1,474 per year to insure and the Traverse averages $1,294 per year. The cheaper model to insure is the Chevrolet Traverse by $180 per year.
• 2016 Model Year – At an average savings of $250 per year, the Chevrolet Traverse costs less to insure than the Toyota Highlander.
• 2015 Model Year – The Highlander costs $1,340 per year for full-coverage insurance and the Traverse costs $1,284 per year. The cheaper model to insure is the Chevrolet Traverse by $56 per year.

The rate table below compares the cost of car insurance for 2022 Toyota Highlander and Chevrolet Traverse models, with average cost for each trim level.

The chart below visualizes the average insurance cost for the two models using a range of rated driver ages. The average cost of car insurance ranges from $1,516 to $3,328 per year on a 2022 Toyota Highlander, and $1,552 to $3,378 for a 2022 Chevrolet Traverse for the driver ages used.

Out of 22 Toyota Highlander trim levels, the cheapest 2022 trim level to insure is the L 2WD trim at an average cost of $1,456 per year, or about $121 per month. For the 12 trim options available for the Chevrolet Traverse, the cheapest 2022 model to insure is the LS 2WD trim at a cost of $1,526 per year, or $127 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 Toyota Highlander L 2WD at an average of $1,456 per year. The most expensive model and trim level is the Toyota Highlander Hybrid Platinum AWD costing an average of $1,874 per year.

The next two rate tables detail the cost to insure the available trim levels for both 2022 models, plus the average rate for each model. The winner for the 2022 car insurance battle is the Toyota Highlander.

2021 Toyota Highlander vs. Chevrolet Traverse

For the 2021 Toyota Highlander and Chevrolet Traverse models, the Chevrolet Traverse has cheaper car insurance rates by $94 per year.

The following chart illustrates the average insurance cost for both models for different driver ages. A full-coverage car insurance policy ranges from $1,560 to $3,432 per year for a 2021 Toyota Highlander, and $1,470 to $3,202 for a 2021 Chevrolet Traverse for the included age groups.

The 2021 Toyota Highlander has 17 trim levels available, with the cheapest trim to insure being the L 2WD model at an average cost of $1,502 per year.

For the 13 trim levels available for the Chevrolet Traverse, the cheapest 2021 trim level to insure is the L 2WD trim at a cost of $1,402.

When rates are compared for the 30 different trim levels of both 2021 models, the overall cheapest vehicle to buy insurance for is the Chevrolet Traverse L 2WD at an average rate of $1,402 per year, and the highest-cost model and trim is the Toyota Highlander Hybrid Platinum 4WD at an average cost of $1,968 per year.

The tables below break down both 2021 models and all trim levels available for each one, including the average rate for each model. The model with the cheapest car insurance rates for 2021 is the Chevrolet Traverse.

2020 Toyota Highlander vs. Chevrolet Traverse

When comparing insurance cost for 2020 models, the Toyota Highlander costs $1,688 per year to insure and the Chevrolet Traverse costs $1,594, making the Chevrolet Traverse the cheaper model by $94 for this comparison year.

The following chart shows the average car insurance cost for the two models for the 20 to 50-year-old driver age groups. Average insurance cost ranges from $1,540 to $3,390 per year for a 2020 Toyota Highlander, and $1,452 to $3,162 for a 2020 Chevrolet Traverse for the different drivers illustrated in the chart

The 2020 Toyota Highlander has 17 trims available, with the cheapest trim to insure being the L 2WD model at an average cost of $1,480 per year, or about $123 per month. For the 13 different trims available for the Chevrolet Traverse, the cheapest 2020 trim to insure is the L 2WD model at a cost of $1,384.

When insurance prices for all 30 trims of both models are combined and sorted by cost, the overall cheapest vehicle to buy insurance for is the Chevrolet Traverse L 2WD at an average rate of $1,384 per year. The most expensive model and trim level is the Toyota Highlander Hybrid Platinum 4WD at a cost of $1,942 per year.

The tables below illustrate trim level insurance rates for each 2020 model, as well as an average rate for each model. The 2020 Chevrolet Traverse has lower-cost car average car insurance rates than the 2020 Toyota Highlander.

2019 Toyota Highlander vs. Chevrolet Traverse

When comparing car insurance rates for 2019 models, the Toyota Highlander costs $1,590 per year for a full-coverage policy and the Chevrolet Traverse costs $1,410, making the Chevrolet Traverse the model with cheaper insurance by $180.

The rate chart below demonstrates the average cost to insure both 2019 models with different drivers at the wheel. A full-coverage car insurance policy ranges from $1,454 to $3,196 per year on a 2019 Toyota Highlander, and $1,286 to $2,790 on a 2019 Chevrolet Traverse for the five driver age examples in the chart

Out of 17 trims for the 2019 Toyota Highlander, the cheapest insurance rates are on the LE 2WD trim at a cost of $1,432 per year. For the 11 trim and option levels available for the Chevrolet Traverse, the cheapest 2019 model to insure is the L 2WD trim at a cost of $1,224 per year, or around $102 per month.

When trim-level rates for both models are compared, the cheapest model and trim level to insure is the Chevrolet Traverse L 2WD at an average rate of $1,224 per year, and the highest-cost model and trim level is the Toyota Highlander Hybrid Limited Platinum 4WD costing $1,746 per year.

The tables below break down average car insurance rates for every trim level for both 2019 models, including the average rate for each model. The model with the cheapest average car insurance rates for 2019 is the Chevrolet Traverse.

2018 Toyota Highlander vs. Chevrolet Traverse

For the 2018 Toyota Highlander and Chevrolet Traverse models, the Chevrolet Traverse has cheaper car insurance cost by an average of $182 per year.

The next chart shows the average cost to insure both models rated for different driver ages. Insurance cost ranges from $1,416 to $3,114 per year for a 2018 Toyota Highlander, and $1,246 to $2,704 on a 2018 Chevrolet Traverse for the age groups used in this illustration.

For the 16 trims available for the 2018 Toyota Highlander, the cheapest model to insure is the LE 2WD model at an average cost of $1,394 per year.

The 2018 Chevrolet Traverse has nine different trim levels available, with the cheapest trim level to insure being the L 2WD model at an average cost of $1,194 per year, or about $100 per month.

When comparing car insurance rates for both models by trim level, the cheapest model and trim level to buy insurance for is the Chevrolet Traverse L 2WD at an average rate of $1,194 per year. The most expensive trim is the Toyota Highlander Hybrid Limited 4WD costing $1,700 per year.

The next two tables break down the expected annual car insurance cost by trim level for both 2018 models, as well as the overall average rate for each model. The cheapest to insure for the 2018 model year is the Chevrolet Traverse.

2017 Toyota Highlander vs. Chevrolet Traverse

When comparing car insurance rates for the 2017 Toyota Highlander and Chevrolet Traverse models, the Chevrolet Traverse is cheaper to insure by $180 per year for this model year.

The chart below shows the average insurance cost for both 2017 models for the 20 to 50-year-old driver age groups. For a 2017 Toyota Highlander, the average car insurance cost ranges from $1,350 to $2,960 per year. Full-coverage insurance for a 2017 Chevrolet Traverse ranges from $1,180 to $2,556 on average per year.

Out of 14 trims for the 2017 Toyota Highlander, the cheapest auto insurance rates are on the LE 2WD trim at a cost of $1,340 per year, or about $112 per month.

The 2017 Chevrolet Traverse has six different option levels available, with the cheapest model to insure being the LS 2WD model at an average cost of $1,154 per year.

When looking at the combined rates by trim level for both models, the most affordable model and trim level to put coverage on is the Chevrolet Traverse LS 2WD at an average cost of $1,154 per year, and the most expensive trim is the Toyota Highlander Hybrid Platinum 4WD at an average of $1,634 per year.

The next tables break down trim level insurance rates for each 2017 model, as well as an average rate for each model.

2016 Toyota Highlander vs. Chevrolet Traverse

A 2016 Chevrolet Traverse is $250 cheaper to insure per year on average than a 2016 Toyota Highlander, a difference of 20%.

The chart shown below shows the average cost to insure the two models using drivers aged 20 to 50. For a 2016 Toyota Highlander, the average cost of car insurance ranges from $1,366 to $2,998 per year for the sample drivers in the chart. Car insurance for a 2016 Chevrolet Traverse ranges from $1,142 to $2,474 on average per year.

The 2016 Toyota Highlander has 12 trim levels available, with the cheapest trim to insure being the LE 2WD model at an average cost of $1,358 per year. For the six different trim levels available for the Chevrolet Traverse, the cheapest 2016 trim level to insure is the LS 2WD trim at a cost of $1,150 per year, or around $96 per month.

When comparing rates by trim level for both models, the lowest-cost model and trim to buy insurance for is the Chevrolet Traverse LS 2WD at a cost of $1,150 per year. The highest-cost model and trim is the Toyota Highlander Hybrid Platinum 4WD at a cost of $1,680 per year.

The next two tables show the average cost to insure all 2016 trim levels, including an overall average cost for each model. The winner for the 2016 car insurance battle is the Chevrolet Traverse.

2015 Toyota Highlander vs. Chevrolet Traverse

For the 2015 Toyota Highlander and Chevrolet Traverse models, the Chevrolet Traverse costs less to insure by $56 per year for this model year.

The rate chart below illustrates the average insurance cost for both 2015 models for the 20, 30, 40, and 50-year-old driver age groups. For a 2015 Toyota Highlander, insurance cost ranges from $1,226 to $2,678 per year for the chosen age groups in the chart. Insurance on a 2015 Chevrolet Traverse costs from $1,172 to $2,552 on average per year.

Out of 12 Toyota Highlander trims, the cheapest 2015 trim level to insure is the LE 2WD trim at an average cost of $1,210 per year.

Out of the six option levels available for the Chevrolet Traverse, the cheapest 2015 trim level to insure is the LS 2WD model at a cost of $1,214.

When comparing rates by trim level for both models, the cheapest vehicle to buy insurance for is the Toyota Highlander LE 2WD at an average of $1,210 per year. The highest-cost model and trim level is the Toyota Highlander Hybrid Platinum 4WD at an average of $1,550 per year.

The next tables detail the average cost to insure all 2015 trim levels, as well as an average rate for each model. The 2015 Chevrolet Traverse has cheaper overall car insurance rates than the 2015 Toyota Highlander.

Additional Toyota Highlander and Chevrolet Traverse Resources

• Toyota Highlander Insurance Cost
• Chevrolet Traverse Insurance Cost
• Midsize SUV Insurance Cost Comparisons