Chevy Traverse Car Insurance for 2023

Is car insurance for a Chevrolet Traverse expensive?

We compiled average policy premiums for the cheapest LS 2WD model to the High Country AWD trim level to see how Traverse insurance sizes up to the midsize SUV segment.

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How much does Chevrolet Traverse car insurance cost?

On average, Chevrolet Traverse car insurance costs $1,684 per year, which is the equivalent of $140 a month. Depending on the trim level being insured, monthly car insurance rates for a 2023 Traverse range from $130 to $149.

Comprehensive (or other-than-collision) coverage is an estimated $424 a year, collision coverage costs approximately $692, and the remaining liability and medical payments insurance costs approximately $568.

The chart below displays average car insurance rates for a 2023 Chevy Traverse using different driver ages and risk profiles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Chevrolet Traverse with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Chevrolet Traverse trim levels.Data last updated on January 23, 2023
Chevrolet Traverse Insurance Cost Summary
2023 Chevrolet Traverse Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$3,796$316
Safe Driver Age 20$3,326$277
At-fault Accidents Age 40$2,370$198
Low Deductibles Age 40$2,174$181
Safe Driver Age 30$1,770$148
Safe Driver Age 40$1,684$140
Safe Driver Age 50$1,534$128
Safe Driver Age 60$1,504$125
High Deductibles Age 40$1,430$119
Discount Rate Age 40$1,398$117

The previous insurance cost chart plots just a handful of insurance cost data points from an extremely large data set. If the data included all rates for every combination of risk factors, including all 12 Traverse models and all 41,692 zip codes in the U.S., the chart would show about 1,161,216,000,000 different possible insurance rates for a Chevrolet Traverse.

To better illustrate the range of Chevrolet Traverse car insurance rates, consider that a liability-only insurance policy in the cheaper areas of Virginia or Wisconsin can be as low as $225 a year. A teen driver with a few tickets and at-fault accidents in some zip codes in New York City could cost as much as $14,458 a year for full coverage.

That’s a ton of rates and a heap of variability. If you’re comparing rates to see if you can save money, or just shopping for a new policy, we really just recommend you get a quote. It will nail down your rate and eliminate a lot of the variables inherent in car insurance.

How does Traverse insurance cost rank?

The 2023 Chevy Traverse ranks 14th out of 31 total comparison vehicles in the midsize SUV segment. The Traverse costs an estimated $1,684 per year to insure for full coverage and the class median rate is $1,724 per year, an extra cost of $40 per year for the Traverse.

When compared to the top-selling other midsize SUVs in America, Chevrolet Traverse car insurance costs $192 less per year than the Jeep Grand Cherokee, $78 less than the Toyota Highlander, $180 more than the Ford Explorer, and $230 less than the Jeep Cherokee.

The table below shows how average Chevy Traverse insurance rates compare to the rest of the 2023 midsize SUV class like the new Kia Telluride, the Honda Passport, and the Hyundai Santa Fe.

Insurance Cost Comparison: Chevrolet Traverse vs Midsize SUVs
Rank Make/Model Insurance Cost Difference
1Honda Passport$1,368-$316
2Subaru Ascent$1,434-$250
3Ford Edge$1,494-$190
4Ford Explorer$1,504-$180
5Volkswagen Atlas$1,506-$178
6Nissan Murano$1,516-$168
7Subaru Outback$1,518-$166
8Volkswagen Atlas Cross Sport$1,576-$108
9Toyota Venza$1,608-$76
10Kia Sorento$1,618-$66
11Hyundai Palisade$1,638-$46
12Toyota 4Runner$1,654-$30
13GMC Acadia$1,682-$2
14Chevrolet Traverse$1,684--
15Honda Pilot$1,696$12
16Buick Enclave$1,702$18
17Nissan Pathfinder$1,712$28
18Mazda CX-9$1,720$36
19Mitsubishi Outlander Sport$1,744$60
20Kia Telluride$1,754$70
21Toyota Highlander$1,762$78
22Chevrolet Blazer$1,786$102
23Hyundai Santa Fe$1,810$126
24Jeep Grand Cherokee$1,876$192
25Jeep Cherokee$1,914$230
26Jeep Wrangler$1,952$268
27Ford Bronco$1,962$278
28Tesla Model Y$1,970$286
29Mitsubishi Outlander PHEV$2,018$334
30Dodge Durango$2,102$418
31Rivian R1S$2,160$476

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on January 23, 2023
Insurance Cost Comparison: Chevrolet Traverse vs Midsize SUVs

With an average MSRP of $45,370, ranging from the cheapest LS 2WD model at $35,915 to the most expensive High Country AWD costing $55,595, the Traverse has a relatively affordable price tag. But how does the price of insurance compare to similarly-priced SUVs?

The vehicles in the midsize SUV segment closest in price to the Chevrolet Traverse for the 2023 model year are the Honda Pilot, Mitsubishi Outlander PHEV, Toyota Highlander, and Kia Telluride. Here’s how those models compare to the Traverse for overall purchase price and insurance cost.

  • Chevrolet Traverse vs. Honda Pilot – The 2023 Honda Pilot retails for an average of $45,223, ranging from $39,150 to $52,030, which is $148 cheaper than the Chevrolet Traverse. Full-coverage insurance on the Honda Pilot costs an average of $12 more every 12 months than the Chevrolet Traverse.
  • Chevrolet Traverse vs. Mitsubishi Outlander PHEV – The 2023 Chevrolet Traverse has an average MSRP that is $167 cheaper than the Mitsubishi Outlander PHEV ($45,370 versus $45,537). The average insurance cost for a Chevrolet Traverse compared to the Mitsubishi Outlander PHEV is $334 less every 12 months.
  • Chevrolet Traverse vs. Toyota Highlander – With an average sticker price of $44,809 ($36,420 to $52,425), the Toyota Highlander costs $561 less than the MSRP for the Chevrolet Traverse. Buying insurance for the Toyota Highlander costs an average of $78 more each year than the Chevrolet Traverse.
  • Chevrolet Traverse vs. Kia Telluride – The average MSRP for a 2023 Chevrolet Traverse is $606 cheaper than the Kia Telluride, at $45,370 compared to $45,976. Expect to pay around $70 more per year for insurance on the Kia Telluride compared to a Traverse.

Additional comparisons for other makes and models can be found on our car insurance comparisons page.

Which Chevy Traverse insurance is the cheapest?

The cheapest model of Chevy Traverse to insure is the LS 2WD at around $1,560 per year. The next cheapest trim is the LS AWD at $1,592 per year, and the third cheapest trim level to insure is the LT Cloth 2WD at $1,604 per year.

The three highest cost Traverse models to insure are the Traverse Premier AWD, the High Country 2WD, and the High Country AWD trim levels at $1,752,  $1,772, and $1,786 per year, respectively.

The table below shows average annual and 6-month car insurance policy costs for each Traverse trim package, including a monthly rate.

2023 Chevrolet Traverse Insurance Cost by Trim Level
Chevrolet Traverse Trim Level Annual Policy Six-Month Policy Per Month
LS 2WD$1,560$780$130
LS AWD$1,592$796$133
LT Cloth 2WD$1,604$802$134
LT Cloth AWD$1,658$829$138
LT Leather 2WD$1,658$829$138
LT Leather AWD$1,680$840$140
RS 2WD$1,706$853$142
Premier 2WD$1,726$863$144
RS AWD$1,726$863$144
Premier AWD$1,752$876$146
High Country 2WD$1,772$886$148
High Country AWD$1,786$893$149

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Chevrolet Traverse, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Chevrolet Traverse Insurance Cost by Trim Level

New versus used insurance rates

Bypassing the 2023 model and instead driving a 2018 Chevrolet Traverse could cut your insurance cost by $320 or more per year at a minimum, depending on your coverage levels.

The next table shows average car insurance rates for the Traverse for 2009 to the 2023 model years.

Chevrolet Traverse Insurance Cost for 2009-2023 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2023 Chevrolet Traverse$1,684$842$140
2022 Chevrolet Traverse$1,704$852$142
2021 Chevrolet Traverse$1,616$808$135
2020 Chevrolet Traverse$1,594$797$133
2019 Chevrolet Traverse$1,410$705$118
2018 Chevrolet Traverse$1,364$682$114
2017 Chevrolet Traverse$1,294$647$108
2016 Chevrolet Traverse$1,248$624$104
2015 Chevrolet Traverse$1,284$642$107
2014 Chevrolet Traverse$1,242$621$104
2013 Chevrolet Traverse$1,138$569$95
2012 Chevrolet Traverse$1,115$558$93
2011 Chevrolet Traverse$1,093$546$91
2010 Chevrolet Traverse$1,071$536$89
2009 Chevrolet Traverse$1,050$525$87

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Chevrolet Traverse Insurance Cost by Model Year

Ultimately, as the mileage creeps up, it will probably be a good idea to eliminate physical damage coverage (comprehensive and collision) from a policy. As a vehicle depreciates, the cost of maintaining physical damage coverage begins to exceed any benefits of having full coverage.

Removing comprehensive and collision coverage on an older Traverse could save around $638 annually, depending on the level of physical damage deductibles and the driver age.

The best time to drop full coverage is completely different for everyone. Eliminating the coverage means you have no recourse if your Traverse is totaled. So it’s a good idea to have some savings set aside to afford a different vehicle just in case.

Insurance average rates in larger U.S. cities

The cost of insurance for a Traverse spans a large price range, from cheaper premiums like $1,056 a year in Raleigh, NC, or $1,192 in Charlotte, NC, to higher rates like $2,634 a year in Philadelphia, PA, and $2,920 in New Orleans, LA.

The cost of insuring your Traverse in some other cities include Houston, TX, at an estimated $1,720 per year, San Antonio, TX, averaging $1,558, Memphis, TN, at $1,980, and Colorado Springs, CO, costing $1,936.

The chart below ranks average full coverage insurance rates for a Chevrolet Traverse in the most populated areas in the U.S.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2023 Chevrolet Traverse, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Chevrolet Traverse trim levels.Data last updated on January 23, 2023
Chevrolet Traverse Insurance Rates in Large U.S. Cities
Chevrolet Traverse Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$2,968$247
Philadelphia, PA$2,634$220
Las Vegas, NV$2,630$219
Los Angeles, CA$2,620$218
San Francisco, CA$2,268$189
Kansas City, MO$2,020$168
Oklahoma City, OK$2,020$168
Denver, CO$1,980$165
Memphis, TN$1,980$165
Atlanta, GA$1,952$163
San Jose, CA$1,898$158
Phoenix, AZ$1,852$154
Portland, OR$1,826$152
San Diego, CA$1,814$151
Boston, MA$1,808$151
Jacksonville, FL$1,804$150
Chicago, IL$1,758$147
Dallas, TX$1,728$144
Houston, TX$1,720$143
Seattle, WA$1,716$143
Nashville, TN$1,650$138
Milwaukee, WI$1,642$137
Albuquerque, NM$1,612$134
San Antonio, TX$1,558$130
Omaha, NE$1,514$126
Fort Worth, TX$1,508$126
Austin, TX$1,488$124
Indianapolis, IN$1,358$113
Columbus, OH$1,250$104
Charlotte, NC$1,192$99