- Chevy Traverse insurance rates cost $1,568 per year for a full coverage policy on average, depending on the trim level.
- The Traverse ranks #20 out of 29 vehicles in the midsize SUV class for insurance affordability.
- The cheapest Traverse insurance is usually on the base LS 2WD model costing an average of $1,400 per year. The Traverse High Country AWD is the most expensive to insure at $1,682 per year.
- Insuring a used Chevy Traverse could reduce the cost of insurance by $508 or more each year.
How much does Chevrolet Traverse car insurance cost?
On average, Chevrolet Traverse car insurance costs $1,568 per year, which is the equivalent of $131 a month. Depending on the trim level being insured, monthly car insurance rates for a 2022 Traverse range from $117 to $140.
Comprehensive (or other-than-collision) coverage is an estimated $394 a year, collision coverage costs approximately $664, and the remaining liability and medical payments insurance costs approximately $510.
The chart below displays average car insurance rates for a 2022 Chevy Traverse using different driver ages and risk profiles.
|Driver Risk Profile||Annual Rate||Monthly Rate|
|High Risk Driver Age 30||$3,546||$296|
|Safe Driver Age 20||$3,106||$259|
|At-fault Accidents Age 40||$2,208||$184|
|Low Deductibles Age 40||$2,034||$170|
|Safe Driver Age 30||$1,654||$138|
|Safe Driver Age 40||$1,568||$131|
|Safe Driver Age 50||$1,428||$119|
|Safe Driver Age 60||$1,400||$117|
|High Deductibles Age 40||$1,328||$111|
|Discount Rate Age 40||$1,304||$109|
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 $14,396 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 Chevy Traverse ranks #20 out of 29 total comparison vehicles in the midsize SUV segment. The Traverse costs an estimated $1,568 per year to insure for full coverage and the class median rate is $1,544 per year, an extra cost of $24 per year for the Traverse.
When compared to the top-selling other midsize SUVs in America, Chevrolet Traverse car insurance costs $112 less per year than the Jeep Grand Cherokee, $34 more than the Toyota Highlander, $134 more than the Ford Explorer, and $124 less than the Jeep Cherokee.
The table below shows how average Chevy Traverse insurance rates compare to the rest of the 2022 midsize SUV class like the new Kia Telluride, the Honda Passport, and the Hyundai Santa Fe.
|12||Volkswagen Atlas Cross Sport||$1,528||-$40|
|18||Mitsubishi Outlander Sport||$1,548||-$20|
|21||Hyundai Santa Fe||$1,590||$22|
|24||Jeep Grand Cherokee||$1,680||$112|
|26||Mitsubishi Outlander PHEV||$1,768||$200|
|28||Tesla Model Y||$1,804||$236|
Which Chevy Traverse insurance is cheapest?
The cheapest model of Chevy Traverse to insure is the LS 2WD at around $1,400 per year. The next cheapest trim is the LS AWD at $1,488 per year, and the third cheapest trim level to insure is the LT Cloth 2WD at $1,496 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 $1,636, $1,674, and $1,682 per year, respectively.
The table below shows average annual and 6-month car insurance policy costs, including a monthly rate, for each Traverse trim package.
|Chevrolet Traverse Trim Level||Annual Policy||6-month Policy||Per Month|
|LT Cloth 2WD||$1,496||$748||$125|
|LT Leather 2WD||$1,532||$766||$128|
|LT Cloth AWD||$1,536||$768||$128|
|LT Leather AWD||$1,542||$771||$129|
|High Country 2WD||$1,674||$837||$140|
|High Country AWD||$1,682||$841||$140|
Will an older Traverse cost less to insure?
Bypassing the 2022 model and instead driving a 2013 Chevrolet Traverse could cut your insurance cost by $508 per year at a minimum, depending on your coverage levels.
The next table shows average car insurance rates for the Traverse for the 2009 to the 2022 model years. Rates range from about $80 a month for a 2009 Chevrolet Traverse to the most expensive rate of nearly $130 a month for a 2022 model year.
|Model Year and Vehicle||Annual Rate||6-month Rate||Monthly Rate|
|2022 Chevrolet Traverse||$1,568||$784||$131|
|2021 Chevrolet Traverse||$1,480||$740||$123|
|2020 Chevrolet Traverse||$1,450||$725||$121|
|2019 Chevrolet Traverse||$1,302||$651||$109|
|2018 Chevrolet Traverse||$1,262||$631||$105|
|2017 Chevrolet Traverse||$1,208||$604||$101|
|2016 Chevrolet Traverse||$1,160||$580||$97|
|2015 Chevrolet Traverse||$1,208||$604||$101|
|2014 Chevrolet Traverse||$1,160||$580||$97|
|2013 Chevrolet Traverse||$1,060||$530||$88|
|2012 Chevrolet Traverse||$1,039||$519||$87|
|2011 Chevrolet Traverse||$1,018||$509||$85|
|2010 Chevrolet Traverse||$998||$499||$83|
|2009 Chevrolet Traverse||$978||$489||$81|
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 $606 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 be able to afford a different vehicle just in case.
Can where I live influence the cost of car insurance?
The cost of insurance for a Traverse spans a large price range, from cheaper premiums like $978 a year in Raleigh, NC, or $1,122 in Charlotte, NC, to higher rates like $2,614 a year in Philadelphia, PA, and $3,672 in New Orleans, LA.
The cost of insuring your Traverse in some other cities include Houston, TX, at an estimated $1,668 per year, San Antonio, TX, averaging $1,502, Memphis, TN, at $1,936, and Colorado Springs, CO, costing $1,894.
The chart below ranks average full coverage insurance rates for a Chevrolet Traverse in the most populated areas in the U.S. In addition, you can find a table showing typical insurance rates for an additional 35 locations following the chart.