Chevrolet Traverse car insurance at a glance:

  • Average annual cost of auto insurance for a 30-year-old driver: $1,709
  • Most affordable insurance companies for Chevrolet Traverse insurance: USAA, Nationwide and Geico
  • Cheapest state for Traverse insurance: Maine
  • Most expensive state for Traverse insurance: Louisiana

The Chevrolet Traverse is an excellent choice for drivers who prioritize maximum passenger room and cargo space. While loading up your car with friends and family sounds ideal, insurance costs should also be a part of your budget calculation. Here are the average insurance costs for a Chevrolet Traverse.

 

Chevrolet Traverse Insurance Costs by Company

Chevrolet Traverse owners can save hundreds of dollars per year by comparing car insurance quotes from different companies. Among the large insurance companies we analyzed, USAA offers the cheapest car insurance for a Chevrolet Traverse. If you’re not eligible for USAA car insurance as a military veteran, member or family member, Nationwide and Geico are the next cheapest in our analysis.

Company Average Chevrolet Traverse insurance cost per year
$1,193
$1,311
$1,346
$1,455
$1,485
$1,534
$1,556
$1,665
$1,895
State Auto
$2,143
$2,258
$2,398
Shelter
$2,973
*USAA is available only to military members, veterans and their families

Related: The best car insurance companies

Chevrolet Traverse Insurance Costs by State

State variations in Chevrolet Traverse insurance costs are due to repair costs, medical costs, past claims in the state, state regulations and more. Louisiana is the most expensive state for Chevrolet Traverse auto insurance.

State Average Chevrolet Traverse insurance cost % difference from national average
$1,578
-8%
$1,620
-5%
$1,786
4%
$1,650
-3%
$2,546
49%
$2,263
32%
$1,671
-2%
$1,831
7%
$2,719
59%
$1,665
-3%
$1,259
-26%
$1,366
-20%
$1,100
-36%
$1,595
-7%
$1,402
-18%
$1,715
0%
$2,235
31%
$2,800
64%
$1,746
2%
$1,907
12%
$1,004
-41%
$2,346
37%
$1,488
-13%
$2,069
29%
$1,911
12%
$1,714
0%
$1,497
-12%
$1,486
-13%
$2,161
-13%
$1,167
26%
$1,877
10%
$1,566
-8%
$1,926
13%
$1,732
1%
$1,195
-30%
$1,834
7%
$1,473
-14%
$1,812
6%
$1,751
2%
$1,718
1%
$1,713
0%
$1,483
-13%
$1,944
14%
$1,513
-11%
$1,436
-16%
$1,045
-39%
$1,342
-21%
$1,386
-19%
$1,597
-7%
$1,827
7%
Average for all states
$1,709

Cost of Insurance for a Chevrolet Traverse Based on Driver Age

The cheapest age for insuring a Chevrolet Traverse is age 60, according to Forbes Advisor’s analysis of rates.

Men and women pay about the same to insure a Traverse. For example, a 40-year-old man pays only $6 less per year than a 40-year-old woman.

The most expensive age to insure a Traverse is age 20 and under. Two decades later, at age 40, the Chevrolet Traverse insurance cost is 51% cheaper.

Driver age Average cost of Chevrolet Traverse insurance per year
Age 20
$3,282
Age 30
$1,709
Age 40
$1,608
Age 50
$1,488
Age 60
$1,455
Age 70
$1,583
Age 80
$1,946

Several factors go into determining your car insurance rate. In addition to the type of car, these factors include your driving record, personal versus business use of the vehicle, where you live, annual mileage, your claims history, a credit-based insurance score (poor credit risks pay more) and the type and amount of insurance coverage chosen.

Related: 9 Factors That Affect Your Car Insurance Rates

Chevrolet Traverse Insurance vs. Similar Cars

If you’re shopping for a Traverse, you might also be looking at a Ford Explorer, Kia Telluride or Toyota Highlander. Among these models, the Traverse is similar in cost to insure. Insurance shouldn’t be a big factor in your car-buying decision among these cars.

2022 model Average insurance cost per year Cost difference compared to a Traverse
Chevrolet Traverse
$1,709
Ford Explorer
$1,749
2%
Kia Telluride
$1,681
‘-2%
Toyota Highlander
$1,698
‘-1%
Based on a 30-year-old driver with a good driving record

How to Save Money on Chevrolet Traverse Insurance

There are several ways you can lower your car insurance costs, such as:

  • Shop around. Insurance companies price their policies differently and the best way to get a good deal is to compare car insurance quotes from multiple companies.
  • Ask for discounts. There are more than a dozen car insurance discounts and you’re likely eligible for at least some of them.
  • Buy the right amount of car insurance. While you want to make sure you’re adequately insured, you also don’t want to overpay for insurance you don’t need. Here’s how to determine how much car insurance you need.
  • Consider a higher deductible. The car insurance deductible is the amount that will be deducted from your insurance check if you file a car insurance claim under your collision or comprehensive coverage. The higher your deductible, the less you will pay for car insurance.
  • Maintain good credit. The use of credit-based auto insurance scores is allowed in 46 states. But not all companies weigh credit the same when setting their prices, which is why it’s crucial to shop around.
  • Get rewarded for good driving. Most insurers offer a usage-based insurance program that tracks your driving behaviors (such as speeding and distracted driving) and rewards good drivers with discounts.

Related: Chevrolet Traverse review

Best Car Insurance Companies 2024

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Methodology

Rates are based on drivers with a clean record with $100,000 in bodily injury liability coverage per person, $300,000 per accident and $100,000 in property damage liability, uninsured motorist coverage and any other coverage required in a state. The rate also includes collision and comprehensive coverage with a $500 deductible. Rates are from Quadrant Information Services as of June 2022.

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