Chevrolet Traverse Insurance
And how to get the lowest premiums.
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Rachel Morey is a journalist specializing in making complicated personal finance and insurance subjects easy to understand. She has been writing professionally for nearly a decade and has projects in print, broadcasting, and online. A native Iowan, Rachel has a special fondness for the open roads of rural America.
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Bringing over 15 years of insurance experience, Greg is passionate about helping individuals and businesses understand their insurance options.
You need the right type of car insurance for your Chevrolet Traverse, but there are a lot of options. An independent insurance agent can walk you through your options while designing an insurance package that meets your needs and stays within your budget. They can talk with you about which company may offer the type of coverage you require, as well.
Not sure where to find an independent insurance agent?
TrustedChoice.com has a find-an-agent tool that can match you with a local independent insurance agent who will walk you through your options and help you find the best possible coverage for your Chevrolet Traverse.
What Kind of Insurance do You Need for Your Chevrolet Traverse?
Bodily Injury Liability
If someone else is injured in a car accident you caused, bodily injury liability insurance pays the associated costs. You may be required to carry this coverage, depending on where you live.
Property Damage Liability
If you cause physical damage to someone else's property, a property damage liability coverage policy will pay for repairs. In most states, you are legally required to carry a certain minimum amount of property damage liability coverage. Your agent can help you understand if it makes sense to buy more than the minimum amount.
Medical Payments/Personal Injury Protection
Car accidents can cause big medical bills, and personal injury protection or medical payments insurance helps defray those costs. If you or your passengers are hurt in an accident, this type of insurance helps cover costs like ambulance bills, pain medications, doctor visits, hospital costs, and rehabilitation.
Uninsured Motorist Coverage
Not every driver has adequate auto insurance. Uninsured and underinsured motorist coverage may be required, depending on where you live. If you are in an accident with someone who doesn't have enough insurance to cover the damage, your policy kicks in and pays to fix or replace your Traverse.
Optional Coverage:
Collision
Collision coverage may be required by your loan or lease company. This coverage provides payment for repairs needed to restore your SUV to its pre-accident condition. If you drive an older Chevy Traverse, it may not make sense to include collision coverage. Your agent can walk you through the pros and cons.
Comprehensive
If you hit an animal with your Traverse, are in a damage-causing hailstorm or windstorm, or a tree falls on your SUV, your comprehensive coverage may pay to fix or replace your vehicle. This type of policy covers nearly any type of damage not caused by a collision.
Glass Coverage
Replacing a Chevrolet Traverse windshield could cost as much as $800. If you have a $1,000 deductible, it doesn't make sense to make an insurance claim. However, with a zero-deductible glass coverage policy, you could get your windshield replaced without having to pay for it out of pocket.
Gap Insurance
If you buy a new Chevrolet Traverse, you may need gap coverage. This type of coverage pays the "gap" between the amount you owe on your lease or loan and the fair market value of the vehicle. Since new cars depreciate quickly, it's common for owners to be "upside-down" on their loan or lease. If you are in an accident, the insurance company may not cover the entire outstanding amount of your lease or loan.
What Affects the Cost of Insurance for Your Chevrolet Traverse?
Annual Mileage: Driving your Chevrolet Traverse more than 10,000 - 15,000 miles per year may cause your premiums to rise a bit.
Your Driving Record: Drivers with an at-fault accident on their record could pay 40% more for insurance than those with a clean driving record.
The Value of Your Vehicle: Higher value vehicles are more expensive to fix, so if you purchase a well-equipped Traverse, you may pay slightly higher insurance premiums.
Average Chevrolet Traverse Insurance Costs
Your agent can help you get a quote based on your unique attributes. Here are some average rates to take into consideration:
A 40-year-old Chevrolet Traverse driver with a good driving record:
- Average annual rate $1,258 with a $500 deductible
- Average rate with discounts could be as low as $734
- $1,000 deductible reduces rates by $186 per year
- Liability-only policies cost an average of $376 per year
The Safety of Your Chevrolet Traverse
The NHTSA gave the 2020 Chevrolet Traverse an overall five-star safety rating. Advanced safety features like front crash prevention, lane departure warning, and blind-spot detection could help lower your insurance rates by making it statistically less likely for you to be involved in an accident.
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How Location Affects Your Chevrolet Traverse Insurance
Where you choose to live can have a huge impact on your rates. Chevrolet Traverse drivers in rural areas pay an average of $944 per year for full coverage insurance, while those in large cities pay an average of $1,698 per year.
Additional Factors That Affect Your Chevrolet Traverse Insurance Premiums
- Safety features like anti-theft devices
- Your age
- Your gender
- The deductibles you choose
- Your credit rating
Average Cost to Insure a Chevrolet Traverse
| Average annual cost to insure a Chevrolet Traverse with full coverage: | $1,724 |
| Teens: | $4,474 |
| High-Risk Drivers: | $2,672 |
| High Deductibles: | $1,072 |
| Low Deductibles: | $1,606 |
| Top 3 most expensive states for Chevrolet Traverse insurance: | |
| Michigan, Florida, New York | $1,700 |
| Top 3 most affordable states for Chevrolet Traverse insurance: | |
| Ohio, New Hampshire, Utah | $910 |
Top Independent Insurance Carriers That Insure the Chevrolet Traverse
According to a recent U.S. Independent Insurance Agent Satisfaction Study by J.D. Power, the following companies provide excellent service to their insurance customers:
Get a Chevrolet Traverse Quote
Getting the right type of auto insurance for your Chevrolet Traverse is essential. An independent agent can make the process a lot easier for you, while presenting you with easy-to-understand options. TrustedChoice.com offers a network of agents in your area that can help you get the coverage you need with your budget in mind. Check out the TrustedChoice.com Find an Agent tool today to get in touch with an independent insurance agent.
IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power, Car and Driver