Chevrolet Traverse Car Insurance: How Much Should You Expect to Pay?

Looking at average rates, Chevrolet Traverse drivers normally pay about $149 monthly for auto insurance. Check out our most recent guide to find out how much car insurance companies might charge you to insure your Chevrolet Traverse.

Quick Facts

  • A Chevrolet Traverse costs less than most other SUVs to insure.

  • Liability only insurance prices for a Traverse come in at around $82 per month, while full coverage usually averages about $143 a month.

  • The lowest auto insurance company for a Traverse is Coverhound.

Traverse Overview

With a base price of just $33,700 for new 2022 models, the Chevrolet Traverse is a great budget-friendly SUV for drivers of all types. There are five different trim levels currently available, so you'll drive off the dealership lot in style.

We sifted through thousands of insurance quotes on Compare.com, and we've found that Chevrolet Traverse car insurance premiums run around $149 monthly, on average. But compared to other vehicles in the market, are Traverse insurance rates higher or lower than those of similar SUVs?

Current Base Price$33,700
Body Style(s)SUV
Trim LevelsRS, HIGH COUNTRY, LT, LS, PREMIER
Average Insurance Premium$149/mo.
Cheapest Insurance CompanyCoverhound

How Much is Car Insurance for a Chevrolet Traverse?

Vehicle Liability Only Full Coverage
Chevrolet Traverse$82$143
All Chevrolet Models$78$165
All SUVs$81$152
Average Insurance Premium$81$169

You can see in the table above that Chevrolet Traverse insurance prices are cheaper than average compared to other vehicles. On average, Traverse owners will pay about $82 a month for liability insurance, and around $143 per month for full coverage, which has comprehensive and collision coverages in addition to liability (our guide, "State Minimum vs. Full Coverage", can provide more details on the difference between these types of insurance).

Compared to other Chevrolet models, the Traverse is more affordable, with rates more than 10% lower than the rest of the company's vehicle offerings. However, compared to other vehicles of a similar body style, Traverse coverage runs close to average, with liability insurance premiums coming in at $1 higher than other SUVs and full coverage insurance rates at $9 cheaper.

Compared to all vehicles of any body type, full coverage premiums are more affordable for a Traverse, but run slightly higher than average for liability only policies.

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Who has the Cheapest Car Insurance for a Chevrolet Traverse?

Insurance Company Average Monthly Premium
Hugo$23
Commonwealth Casualty$36
MotionAuto$37
Shelter Mutual$39
Dairyland$40

If you're searching for a car insurance policy for a Chevrolet Traverse, you're likely interested in which carrier offers the cheapest rates. Although there will never be one company that has the cheapest rates for everyone, the lowest average rates for liability only insurance are sometimes just $23 a month from Hugo. With car insurance as low as $36 a month, Commonwealth Casualty is the next most affordable car insurance carrier.

Completing the top 5 carriers are MotionAuto, Shelter Mutual, and Dairyland. However, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

After all, your results might be different, since auto insurance carriers look at multiple variables when calculating premiums. By reviewing quotes from a variety of insurance companies at once, you can be sure you're finding the cheapest rate.

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What Factors Affect Car Insurance Rates for a Chevrolet Traverse?

As we mentioned above, there are a lot of things that car insurance carriers take a look at to calculate how much they charge for a policy -- and each company weighs certain attributes more than others, so there's not one carrier that's the most affordable for every Traverse driver.

The following sections show numerous factors auto insurance companies use to calculate rates:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$78
2-3 Years$69
4-5 Years$77
6-7 Years$82
8-10 Years$83
11-14 Years$90
15 Years or OlderNot Enough Data

The Chevrolet Traverse has been around for a while -- that means vehicle age can make a big difference in what you end up paying for car insurance. Normally, it costs less to insure older cars because they're worth less than newer models, and as cars get older, insurance costs will gradually get lower.

From the table above, you can see the Chevrolet Traverse bucks the trend, as the most expensive models to insure are those that are 11 to 14 years old, while the cheapest Traverses are 2 to 3 years old, on average.

Your Age

Age Average Monthly Premium
Under 18$169
18-24$117
25-34$82
35-44$82
45-54$74
55-64$72
65 or Older$64

Your age is another factor that makes a significant difference in how much insurance carriers will charge you for a policy. In the table above, you'll see that young drivers pay more for auto insurance than those with more experience on the road. In this case, drivers under 18 pay more than twice as much as those 25 or older.

Insurance prices continue to go lower as you get older, with the cheapest age group for Traverse drivers being 65 years and older.

Your Gender

Gender Average Monthly Premium
Male$86
Female$80

You may not know, but men generally pay more for car insurance than women do. This is because men are more likely to get into accidents and get tickets, which raises the chances of an insurance claim. When it comes to Traverse drivers specifically, men pay about 7% more than women per month for auto insurance.

Where You Live

State Average Monthly Premium
California$49
Florida$89
Georgia$112
Illinois$52
New York$179
North Carolina$49
Ohio$52
Pennsylvania$72
Texas$59
Virginia$61

You may already know that things such as what vehicle you drive and how old you are play a role in your insurance prices, but did you know that where you live can have just as much as an impact? Auto insurance is regulated on a state-by-state basis, so rates can shift quite a bit from state to state.

For example, the average Chevrolet Traverse owner in New York pays around $179 monthly for liability coverage, while on average, the same driver in California will pay less than half of that price. The chart shows average prices for the 10 largest states by population, just to give you a good idea of how much premiums can change depending on where you live.

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Chevrolet Traverse Car Insurance Discounts

No matter how old you are, which vehicle you drive, or where you live, it's always a good idea to take advantage of as many auto insurance discounts as possible when shopping around for a new policy.

Not every car insurance company will offer the same discounts, but there are a few that are relatively common. These include things like:

  • Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher safety ratings
  • Defensive driving discounts for drivers who take a defensive driving class from an accredited school or institution
  • Multi-policy discounts for getting both your home and auto policies from the same carrier
  • Pay-in-full discounts for choosing to pay your entire policy price at once, rather than in monthly installments

But these aren't the only discounts insurance carriers offer to their customers. Sometimes, the best rates come from simply having a favorable insurance profile, which means having a clean driving record or not having any recent insurance claims.

While you don't have control over every variable car insurance companies examine to calculate prices (like some of the ones mentioned above), you do have a say over some of them. Below are just a few of the factors you can use to your advantage when it comes to saving cash:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$92
Multiple Accidents$119
1 Ticket$99
Multiple Tickets$102

You've almost certainly heard ads from insurance carriers posting hefty savings for safe drivers. It follows that your auto insurance premiums will get higher if you get into an accident or get tickets. But you still might be left wondering exactly how much these infractions will cost you.

As you can tell, accidents will usually cost Traverse drivers less than tickets, but both will result in above average rates. Chevrolet Traverse drivers with a single ticket will pay about $99 a month, while drivers with one accident on their record pay an average of $92 each month (up $10 from the $82/mo. overall average). Drivers who have multiple kinds of either violation will end up paying even more.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$92
2,501-5,000 Miles$75
5,001-7,500 Miles$70
7,501-10,000 Miles$86
10,000+ Miles$80

The total amount of miles you drive each year plays a role when it comes to your insurance rates. Those who drive less have fewer opportunities to get into an accident, so they'll typically end up paying less for auto insurance. In the above table, you can see that Chevrolet Traverse owners who drive between 5,000 and 7,500 miles every year pay about $70 monthly for car insurance, while those who put less than 2,500 miles on their cars pay $92.

But if you don't drive much because have a second vehicle or you work from home, it may be worth reviewing usage-based or pay-per-mile insurance. With these kinds of coverage, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

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How Do Chevrolet Traverses Compare to Other Vehicles?

If you're thinking about purchasing a new SUV and a Chevrolet Traverse is on your shortlist, you might be wondering how it compares to other vehicles. Car insurance is just one cost that's associated with a new car purchase, but it's definitely one that's worth thinking about carefully.

Visit the table below to see how the Chevrolet Traverse stacks up:

Chevrolet Traverse National Average
Liability Insurance-$81
Full Coverage Insurance$115$169
Base MSRP$33,700$42,283
Average Annual Mileage13,58311,660

Overall, the Chevrolet Traverse has an average MSRP and is on par with the going rate for a new vehicle. The Traverse has an MSRP of $33,700, similar to the national average vehicle MSRP of $42,283.

Liability insurance for a Chevrolet Traverse is, while full coverage is more than $50 cheaper per month.

When it comes to usage, Chevrolet Traverse drivers are far from the national average in annual miles driven, with 13,583 miles per year compared to 11,660 for all vehicles.

Chevrolet Traverse Car Insurance Costs by Model Year

So far, you've seen how different variables have an impact on how much the average driver pays for car insurance. If you're in thinking about buying a new car, truck, or SUV and the Traverse is on your wishlist, having a good idea of how much you'll likely pay can be extremely helpful as you weigh your choices and compare it to other vehicles on your shortlist.

That's why we've broken down Chevrolet Traverse auto insurance prices by model year. Find the model year you want in the dropdown to see average rates for both liability only and full coverage options, as well as some other helpful info, such as base price, available trims, and even the cheapest insurance company for each Traverse model year.

2021 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$45
Full Coverage Avg. Premium$122
Base MSRP$29,800
Cheapest Insurance CompanyCommonwealth Casualty - $32/mo.
Available TrimsHIGH COUNTRY, L, LS, LT, PREMIER, RS

If you're looking for a brand new Chevrolet Traverse, you've got options. With a base price of $33,700, the 2022 Traverse is offered in five different trim levels, which means you'll have your pick of the best styles.

On average, it costs about $45 monthly to insure a 2021 Chevrolet Traverse for liability only and $122 per month for full coverage. And if you want the lowest insurance possible, Commonwealth Casualty offers liability only policies for as little as just $32 a month.

Even though it helps to know the average price drivers pay to insure a 2021 Traverse, you'll only find out exactly what you'll pay if you get a personalized quote. Luckily, with Compare.com you can get quotes from lots of companies at once, all for free. To get started, just enter your ZIP code below.

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2020 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$90
Full Coverage Avg. Premium$184
Base MSRP$29,800
Cheapest Insurance CompanyMercury - $27/mo.
Available TrimsHIGH COUNTRY, L, LS, LT, PREMIER, RS

If you're looking to buy a 2020 Traverse or already own one, you can expect an average insurance premium of around $90 for liability or $184 for full coverage.

And if you're just looking for the most affordable auto insurance for your Traverse, Mercury offers liability only policies for sometimes as low as $27 monthly.

These average premiums are a great starting point if you're in the market for a 2020 Chevrolet Traverse, but there are lots of different things that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2019 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$71
Full Coverage Avg. Premium$133
Base MSRP$29,930
Cheapest Insurance CompanyHugo - $23/mo.
Available TrimsHIGH COUNTRY, HIGH COUNTRY/RS, L, LS, LT, PREMIER, RS

You can expect full coverage for a 2019 Chevrolet Traverse to run about $133 per month, while liability only coverage will average around $71 a month.

Hugo offered the lowest policy we found, with rates as low as just $23 per month.

What will your car insurance rate be? Just enter your ZIP code below to get a variety of free personalized quotes.

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2018 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$75
Full Coverage Avg. Premium$141
Base MSRP$29,930
Cheapest Insurance CompanyKemper - $29/mo.
Available TrimsHIGH COUNTRY, L, LS, LT, PREMIER, RS

On average, drivers who own a 2018 Traverse can expect to pay $75 to $141 monthly for liability only and full coverage auto insurance, respectively.

Looking for the cheapest policy? Kemper offered liability only coverage for as cheap as just $29 a month.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2017 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$83
Full Coverage Avg. Premium$168
Base MSRP$28,700
Cheapest Insurance CompanyCommonwealth Casualty - $26/mo.
Available TrimsLS, LT, PREMIER

The average cost to insure a 2017 Chevrolet Traverse with liability only coverage is $83 per month, while full coverage runs about $168 a month.

We found Commonwealth Casualty offered the most affordable policy, with rates sometimes as cheap as $26 monthly.

If you're looking for a more exact figure on what you should pay for car insurance for a 2017 Chevrolet Traverse, you can get free quotes in minutes by just entering your ZIP code below.

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2016 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$72
Full Coverage Avg. Premium$142
Base MSRP$28,700
Cheapest Insurance CompanyStateAuto - $17/mo.
Available TrimsLS, LT, LTZ

It costs around $72 a month for liability or $142 for a full coverage policy for the 2016 Traverse.

StateAuto has rates as little as $17 per month for the 2016 Chevrolet Traverse.

Interested in what your insurance price will be? All you need to do is enter your ZIP code below and you'll be on your way to comparing a wide array of personalized quotes from the nation's top insurance carriers.

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2015 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$88
Full Coverage Avg. Premium$141
Base MSRP$30,995
Cheapest Insurance CompanyStateAuto - $20/mo.
Available TrimsLS, LT, LTZ

2015 Chevrolet Traverse drivers can expect to pay an average of $88 monthly for liability or $141 for full coverage.

With premiums sometimes as little as $20 per month, StateAuto offered the cheapest policy we found.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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2014 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$91
Full Coverage Avg. Premium$136
Base MSRP$29,430
Cheapest Insurance CompanyHugo - $24/mo.
Available TrimsLS, LT, LTZ

You can expect full coverage for a 2014 Traverse to run about $136 monthly, while liability only coverage will average around $91 a month.

If you're looking for the most affordable 2014 Chevrolet Traverse insurance policy, Hugo offered the lowest policy we found, with rates as cheap as $24 monthly.

Interested in what your auto insurance rate could look like? Enter your ZIP code below to get several personalized quotes for free.

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2013 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$82
Full Coverage Avg. Premium$151
Base MSRP$30,510
Cheapest Insurance CompanyLiberty Mutual - $26/mo.
Available TrimsLS, LT, LTZ

It costs about $82 a month for liability or $151 for a full coverage policy for the 2013 Chevrolet Traverse.

With prices sometimes as little as $26 per month, Liberty Mutual offered the most affordable policy we found for the 2013 Chevrolet Traverse.

If you want to find the best rates for insurance for a 2013 Chevrolet Traverse, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2012 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$90
Full Coverage Avg. Premium$143
Base MSRP$29,510
Cheapest Insurance CompanyStateAuto - $21/mo.
Available TrimsLS, LT, LTZ

The average cost to insure a 2012 Traverse with liability only coverage is $90 monthly, while full coverage runs around $143 per month.

With premiums as low as just $21 a month, StateAuto offered the lowest policy we found.

If you want to find the best rates for car insurance for a 2012 Chevrolet Traverse, enter your ZIP code below and compare a whole bunch of personalized quotes in just a few minutes.

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2011 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$75
Full Coverage Avg. Premium$139
Base MSRP$29,370
Cheapest Insurance CompanyHallmark - $18/mo.
Available TrimsLS, LT, LTZ

2011 Chevrolet Traverse drivers can expect to pay an average of $75 monthly for liability or $139 for full coverage.

With prices as cheap as just $18 a month, Hallmark offered the cheapest policy we found for the 2011 Chevrolet Traverse.

Want something more accurate than national averages? Get multiple personalized quotes for free by just entering your ZIP code below.

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2010 Chevrolet Traverse Car Insurance

   
Liability Only Avg. Premium$81
Full Coverage Avg. Premium$136
Base MSRP$29,224
Cheapest Insurance CompanyMercury - $18/mo.
Available TrimsLS, LT, LTZ

On average, drivers who own a 2010 Traverse can expect to pay $81 to $136 per month for liability only and full coverage insurance, respectively.

Mercury has rates as low as $18 a month for the 2010 Chevrolet Traverse.

If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.

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Chevrolet Traverse Insurance FAQs

Is a Chevrolet Traverse expensive to insure?

The Chevrolet Traverse is less expensive to insure compared to the average vehicle. Liability insurance runs an average of $82 per month, while full coverage will cost you around $143.

How can I get the best price on car insurance for my Chevrolet Traverse?

The only way to guarantee you're getting the lowest price on car insurance is to check prices regularly and compare quotes from many companies. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from quite a few carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Chevrolet Traverse affect my insurance prices?

You've probably heard the old adage that it costs more to insure a red car than cars of other colors, but that's actually a myth. There are lots of variables auto insurance companies think about when they offer you a premium, but the color of your Chevrolet Traverse isn't one of them.

Do I need to have insurance before I buy a Chevrolet Traverse?

You'll need to have an auto insurance policy in place before you can legally driver your new (or new to you) car off the dealership lot. Some dealerships may offer you an insurance policy as part of the car-buying process, but the easiest thing to do is to let your insurance carrier know before you buy.

What car insurance discounts can I get for my Chevrolet Traverse?

You will find a variety of discounts out there for car insurance. Many of them (like "multi-vehicle discounts" and "pay-in-full discounts") are more based on you than the Traverse you drive, but if your Traverse has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may qualify for certain discounts. You'll only know about which discounts you qualify for if you contact your insurance company and ask about their list of discounts.

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