How Much is Insurance on a Chevrolet Traverse?

Average Chevrolet Traverse car insurance rates cost $1,258 a year, or around $105 a month. Teens pay the highest rates at up to $4,598 a year, while good drivers may only pay $739. Chevrolet Traverse insurance costs around $261 less per year than the average vehicle. The average Chevrolet Traverse auto insurance rates are higher for newer models. For example, auto insurance rates for a 2020 Chevrolet Traverse cost $1,258, while 2010 Chevrolet Traverse rates are $1,018, a difference of $240.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Aug 31, 2020

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Key takeaways:

  • Full coverage costs around $1,258 a year or $105 each month
  • A liability-only policy costs around $505 a year or $42 each month
  • Highest rates are for teenage drivers at around $4,598 a year or $383 each month
  • Good drivers can save as much as $519 a year by earning policy discounts
  • Chevrolet Traverse insurance costs around $261 less per year than the average vehicle

Cheap car insurance is possible with the Chevy Traverse. Chevrolet Traverse insurance rates average $1,258 a year or $105 a month for full coverage. Good drivers can save up to $519 a year in policy discounts on their Chevrolet Traverse insurance by practicing safe driving habits. Let’s take a closer look at Chevrolet Traverse insurance rates, crash test ratings, and more.

You can start comparing quotes for Chevrolet Traverse car insurance rates from some of the best car insurance companies by using our free online tool now.

Chevrolet Traverse Insurance Cost

The average Chevrolet Traverse car insurance rates are $1,258 a year or $105 a month.

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Are Chevrolet Traverses Expensive to Insure?

The chart below details how Chevrolet Traverse insurance rates compare to other SUVs like the GMC Terrain, Mercedes-Benz GLA 250, and Chevrolet Suburban.

Vehicle Comprehensive Collision Liability Total
Chevrolet Traverse $336 $470 $316 $1,258
GMC Terrain $322 $562 $316 $1,336
Mercedes-Benz GLA 250 $370 $714 $450 $1,714
Chevrolet Suburban $336 $532 $372 $1,398
Jeep Grand Cherokee $322 $562 $372 $1,414
Chevrolet Tahoe $336 $532 $372 $1,398
Toyota Sequoia $332 $566 $398 $1,454
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However, there are a few things you can do to find the cheapest Chevrolet insurance rates online.

What Impacts the Cost of Chevrolet Traverse Insurance?

The Chevrolet Traverse trim and model you choose can impact the total price you will pay for affordable Chevrolet Traverse car insurance coverage.

Age of the Vehicle

The average Chevrolet Traverse auto insurance rates are higher for newer models. For example, auto insurance rates for a 2020 Chevrolet Traverse cost $1,258, while 2010 Chevrolet Traverse rates are $1,018, a difference of $240.

Model Year Comprehensive Collision Liability Total
2020 Chevrolet Traverse $336 $470 $316 $1,258
2019 Chevrolet Traverse $320 $452 $332 $1,240
2018 Chevrolet Traverse $306 $448 $338 $1,228
2017 Chevrolet Traverse $296 $436 $354 $1,222
2016 Chevrolet Traverse $286 $418 $364 $1,204
2015 Chevrolet Traverse $270 $404 $376 $1,186
2014 Chevrolet Traverse $260 $374 $384 $1,154
2013 Chevrolet Traverse $250 $352 $388 $1,126
2012 Chevrolet Traverse $240 $316 $390 $1,082
2011 Chevrolet Traverse $224 $292 $390 $1,042
2010 Chevrolet Traverse $216 $272 $394 $1,018
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Driver Age

Driver age can have a significant impact on Chevrolet Traverse auto insurance rates. For instance, a 30-year-old driver may pay $55 more each year for Chevrolet Traverse auto insurance than a 40-year-old driver.

Driver Location

Where you live can have a large impact on Chevrolet Traverse insurance rates. For example, drivers in Los Angeles may pay $692 a year more than drivers in Phoenix.

Your Driving Record

Your driving record can have an impact on the cost of Chevrolet Traverse auto insurance. Teens and drivers in their 20’s see sees the highest jump in their Chevrolet Traverse car insurance with violations on their driving record.

Chevrolet Traverse Safety Ratings

The Chevrolet Traverse’s safety ratings will affect your Chevrolet Traverse car insurance rates. See the chart below:

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Not Tested
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety
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Chevrolet Traverse Crash Test Ratings

Good Chevrolet Traverse crash test ratings can lower your Chevrolet Traverse auto insurance rates. See Chevrolet Traverse crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2020 Chevrolet Traverse SUV FWD 5 stars 4 stars 5 stars 4 stars
2020 Chevrolet Traverse SUV AWD 5 stars 4 stars 5 stars 4 stars
2019 Chevrolet Traverse SUV FWD 5 stars 4 stars 5 stars 4 stars
2019 Chevrolet Traverse SUV AWD 5 stars 4 stars 5 stars 4 stars
2018 Chevrolet Traverse SUV FWD 5 stars 4 stars 5 stars 4 stars
2018 Chevrolet Traverse SUV AWD 5 stars 4 stars 5 stars 4 stars
2017 Chevrolet Traverse SUV FWD 5 stars 5 stars 5 stars 4 stars
2017 Chevrolet Traverse SUV AWD 5 stars 5 stars 5 stars 4 stars
2016 Chevrolet Traverse SUV FWD 5 stars 5 stars 5 stars 4 stars
2016 Chevrolet Traverse SUV AWD 5 stars 5 stars 5 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Chevrolet Traverse Safety Features

The Chevrolet Traverse safety features can help lower insurance costs. According to AutoBlog, the 2020 Chevrolet Traverse has the following safety features:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control

Chevrolet Traverse Insurance Loss Probability

Another contributing factor that affects Chevrolet Traverse car insurance rates is the loss probability for each type of coverage.

Insurance Coverage Category Loss Rate
Collision -25%
Property Damage 1%
Comprehensive -28%
Personal Injury -7%
Medical Payment -10%
Bodily Injury -10%
Source: Insurance Institute for Highway Safety
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Chevrolet Traverse Finance and Insurance Cost

If you are financing a Chevrolet Traverse, you will pay more if you purchase Chevrolet Traverse car insurance at the dealership, so be sure to shop around and compare Chevrolet Traverse car insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Chevrolet Traverse Insurance

There are many ways that you can save on Chevrolet Traverse car insurance to get the best value possible. Below are five scenarios you can explore to help keep your Chevrolet Traverse car insurance rates low.

  • Avoid the Temptation to File a Claim for Minor Incidents
  • Check Your Chevrolet Traverse Policy Carefully to Ensure All Information is Correct
  • Ask About Farm and Ranch Vehicle Discounts
  • Take a Refresher Course as an Older Driver
  • Watch Your Insurer Closely When Your Chevrolet Traverse Needs Repairs

Top Chevrolet Traverse Insurance Companies

The best auto insurance companies for Chevrolet Traverse car insurance rates will offer competitive rates, discounts, and account for the Chevrolet Traverse’s safety features. The following list of car insurance companies outlines which companies hold the highest market share.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Factors That Determine Chevrolet Traverse Car Insurance Rates

While the value of your vehicle is something that is out of your control when the provider determines a rate to offer you, you can use other factors you can control to work in your favor.

Being a safe driver will help you get one of the lowest rates possible. Your driving history affects your insurance rates the most. Having a clean record, or at least very few accidents and moving traffic violations is probably the best thing you can use to lower your rates.

Check out this table to see just how much does a Chevy Traverse cost to insure if you have had any dings on your driving record.

Toyota Scion Average Annual Car Insurance Rates by Driving Record
CompaniesRates with Clean RecordRates with With 1 AccidentRates with With 1 DUIRates with With 1 Speeding Violation
USAA$1,933.68$2,516.24$3,506.03$2,193.25
GEICO$2,145.96$3,192.77$4,875.87$2,645.43
American Family$2,693.61$3,722.75$4,330.24$3,025.74
Nationwide$2,746.18$3,396.95$4,543.20$3,113.68
State Farm$2,821.18$3,396.01$3,636.80$3,186.01
Progressive$3,393.09$4,777.04$3,969.65$4,002.28
Travelers$3,447.69$4,289.74$5,741.40$4,260.80
Farmers$3,460.60$4,518.73$4,718.75$4,079.01
Allstate$3,819.90$4,987.68$6,260.73$4,483.51
Liberty Mutual$4,774.30$6,204.78$7,613.48$5,701.26
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One speeding ticket can cost you an average of $45 a month more than if you have a clean record. One accident will raise your monthly average rate by $80.

The more problems you have had in your past, whether you have many insurance claims, accidents, or tickets, the riskier you will be viewed as a person to insure. Practicing good driving habits is a very easy way to lower your car insurance and keep you safe.

Some states also allow insurers to look at your credit score when determining rates. Getting your credit score as high as you can will not only save you on car insurance, but it will also save you when you make a large purchase like a car or home.

Watch this video to learn some common factors that car insurance companies use to determine rates.

When you compare car insurance, make sure you know how each company looks at these factors. Some companies use age as a large factor, while other companies might use your address.

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Safety Features On The Chevrolet Traverse

Did you know that your car’s safety features can get you a discount on your insurance? Since these features can help you avoid an accident, insurers will sometimes offer discounts if your car has them.

Check out these safety features on the Traverse:

  1. Tire Pressure Monitoring System
  2. Electronic Stability Control
  3. Four-Wheel Anti-Lock Brakes
  4. Daytime Running Lights
  5. Child Seat Anchors
  6. Airbags (front, head, side)
  7. Seatbelt Pretensioners
  8. Auto Crash Notifying System (alerts authorities automatically)

According to the Insurance Institute for Highway Safety, the Chevy Traverse is a very safe vehicle. The Traverse was tested by the government for collisions and the results were very good.

  • In frontal impacts, the vehicle received a perfect five stars for both the driver and passenger.
  • Side-impact tests for the Traverse also got a perfect five out of five stars.
  • Rollover tests resulted in four out of five stars.

Safety ratings are weighed heavily in the calculations of insurance providers, and the vehicles great score means you can expect a base insurance quote to be more than reasonable.

While it may not seem like a big deal, standard features like tire pressure monitors and daytime running lights can lead to discounts that save you some big money.

Again, each provider weighs certain safety features differently and offer different amounts of deductions for each. That means it is very important you shop around comparing as many quotes as possible.

The overall value of the vehicle will determine your Chevrolet Traverse insurance cost, along with safety features, and many other factors.

The age of your vehicle makes a difference as well. 2018 Chevrolet traverse insurance will be much cheaper than a newer model.

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Tips To Help Lower Your Chevy Traverse Car Insurance Costs

Getting great Chevrolet Traverse car insurance cost rates doesn’t have to be too difficult. Choosing to have a higher coverage deductible will help lower costs because you agree to pay more out of your pocket if there is an accident or claim.

Those who aren’t safe drivers may not benefit from that, but if you are relatively certain that you can avoid an accident, it can be a great tool to utilize. Getting homeowners insurance, if possible, from the same company can also get you better discounts.

You can also change your coverage amount to lower your costs. Full coverage will cover your car and the other person’s car if you cause an accident, while liability-only coverage will only cover the other driver’s property and bodily injury. If you drive an older car, making this switch might make financial sense for you.

There are many discounts out there. Some of the more popular ones are:

  • Multi-car or multi-policy
  • Good student
  • Military or occupation
  • Senior driver
  • Driver’s education

Keep in mind that not all companies offer the same discounts or the same discount amounts.  Always be sure to check with a company to see what is offered and compare companies to get the best rates.

Other Chevy Traverse Car Insurance Aspects

Where you live can affect how much your Chevrolet Traverse automobile insurance rates cost as well. Living in a city will most likely mean you pay more for the same vehicle than someone who lives in a rural area. If an area has a high crime rate, you can bet your car insurance rates will go up.

How much you drive is important as well, because the more time you spend on the road, the higher your chances of having an accident are. Some companies charge more if you have a longer commute.

To make sure you get the best rate, shop around and compare quotes since they can vary greatly between insurance providers. Not every car insurance company will charge the same rates for your coverage, and many of them offer different discounts, too.

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Compare Free Chevrolet Traverse Insurance Quotes Online

Save money by comparing Chevrolet Traverse insurance rates with free quotes online now and, once you’ve found the best rates, buy your Chevy Traverse car insurance.

Frequently Asked Questions about the Traverse

Keeping reading to learn answers to commonly asked questions about the Traverse.

How much does a 2015 Chevy Traverse cost to insure?

That will depend on all of the factors we talked about like driver’s record, demographics, and where you live. The company that you choose will also play a huge part in how the car insurance rate is determined.

How much is a Chevy Traverse 2015 to buy?

According to Edmunds, the 2015 Traverse is worth $8,591 – $14,935.

What does the Traverse Insurance agency cover?

Traverse Insurance covers items like personal electronics, cell phones, sports equipment, and medical equipment. They have a limit of $5,000 of coverage. Their phone number is 1-888-678-2114.

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