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Car Insurance Quotes for a Chevrolet Traverse

Are You Getting the Cheapest Car Insurance Available for a Chevrolet Traverse?

How Much is Car Insurance for Chevrolet Traverse?

The average annual premium for a Chevrolet Traverse is $1,444 for full coverage.

At a minimum, all drivers must carry state minimum liability insurance, which provides third-party benefits paying for damages and injuries sustained by other drivers in an at-fault accident caused by you. Depending on the state you live in, you may also need to purchase a combination of uninsured/underinsured motorist coverage, medical payments (MedPay), and/or Personal Injury Protection (PIP) for greater protection.

If you are looking for a better, more affordable policy, or if you simply have questions on what your state requires, Freeway Insurance is ready to help you with a free, no-obligation quote.

Getting a Free Auto Insurance quote with Freeway is easy!

Comparing Insurance Costs for Chevrolet Traverse to Other Vehicles

As a Chevrolet Traverse driver, do not expect to pay the same premiums as Mazda CX-5, Hyundai Tucson, Ford Explorer, and Subaru Forester drivers. Reasons for this include the cost of parts and labor, safety features, recall record, recall history, and other variables auto insurance companies use to determine the risk for each make and model vehicle owned by all of its policyholders.

Make/Model Annual Full Coverage Insurance
Chevrolet Traverse $1,444
Ford Explorer $1,536
Honda Passport $1,224
Hyundai Santa Fe $1,520
Jeep Grand Cherokee $1,531

Types of Car Insurance Coverage

Freeway Insurance is ready to help you explore several auto insurance options, including but not limited to state minimum liability and full coverage.

In short, state minimum liability only provides third-party benefits (covering the cost of damages and injuries sustained by others in an at-fault accident you cause), as opposed to full coverage, which offers third and first-party benefits like collision and comprehensive.

Full Coverage

We are big fans of full coverage over state minimum liability policies.

They provide greater protection with a combination of one or more of liability, collision, and comprehensive insurance to protect against a broader range of scenarios, such as theft, vandalism, vehicle-to-vehicle collisions, and non-accident-related damages thanks to theft, vandalism, and falling tree limbs.

Although not required in most states, add-ons to your policy may include roadside assistance, rental car reimbursement, medical payments (MedPay), and uninsured/underinsured motorist coverage.

Keep in mind that these add-ons are not part of a full coverage package. Instead, they are optional coverages in some states and mandatory ones in others. Only liability, collision, and comprehensive form a full policy.

State Minimum Liability

All Chevrolet Traverse drivers must carry an auto insurance policy, which may consist of state minimum liability with third-party benefits in the form of bodily injury and property damage liability.

Every state has minimum mandated liability limits. For example, Illinois requires that all drivers carry the following:

  • Bodily Injury Liability: $25,000 per person injured in an accident and $50,000 total per accident for injuries to multiple people
  • Property Damage Liability: $20,000 per accident for damage to another person’s property
  • Uninsured Motorist Coverage: $25,000 per person and $50,000 per accident

However, there are some drawbacks to state minimum liability coverage, including insufficient coverage limits, personal liability for expenses beyond coverage limits, and no protection for your vehicle. Remember, in most states, it only offers third-party benefits, not first-party benefits like collision and comprehensive.

2022 White Chevy Traverse

Individual Factors that Influence Car Insurance Prices

Regarding auto insurance policies for Chevrolet Traverse drivers, several factors have an impact, including age, driving history, credit score, and the amount of coverage/deductibles.

Typically, younger and inexperienced drivers see higher premiums thanks to a higher claims rate and riskier driving behaviors. As for driving history, expect to pay higher premiums if you have more than one at-fault accident, DUI conviction, traffic violation, and/or claim on your record.

Some states allow auto insurance companies to use your credit score to determine how much you should pay. The lower your credit score, the higher the likelihood you will be perceived as a higher risk to insure.

Lastly, do not forget your coverage and deductible selections. Expect higher coverage limits and lower deductibles to increase premiums, as auto insurance companies assume more risk with potential claims payouts.

How Does a DUI Affect Insurance Rates for a Chevrolet Traverse?

Unfortunately, a DUI conviction will negatively impact premiums for all Chevrolet Traverse drivers, whether a first-time or subsequent offense.

For starters, you can expect increased premiums, with the exact increase depending on several factors, including your location and driving history. Secondly, you will be reclassified as a high-risk driver, with a negative mark remaining on your record for at least three years (depending on your state’s lookback window).

Thirdly, you will also be required to file an SR-22 , an add-on to your existing policy that lets the state know you carry the minimum required liability insurance to drive legally. Again, expect to pay additional fees for the privilege.

Lastly, remember being exposed to limited insurance options. For example, your auto insurance provider reserves the right to deny or cancel coverage if they consider you too high risk. Therefore, you may need to turn to specialized high-risk insurance providers who handle DUI insurance.

What Are Some Car Insurance Discounts for a Chevrolet Traverse?

Out of all discounts available to Chevrolet Traverse drivers, “Good Driver” and multi-policy discounts have the best value.

“Good Driver” rewards policyholders with no at-fault accidents, claims, or traffic violations over the last three to five years. Multi-policy discounts, or bundling, is where policyholders enjoy savings when purchasing two or more policies under the same umbrella. For example, life insurance and auto insurance may qualify as a packaged bundle.

Other popular discounts available include autopay and pay-in-full discounts:

Hand with money paying an auto discount

Autopay and paperless billing discounts are awarded to policyholders who enroll in automatic payments and opt for electronic delivery of all documents over regular postal mail, a nice bonus for helping the insurance company save on administrative costs

Green icon of a hand with percentage sign

Do not forget pay-in-full discounts. If you pay your entire annual premium upfront (as opposed to monthly installments), you can save as much as 10% off your premium. But, again, the actual percentage savings depends on the insurer.

Graphic of a man driving a car

In exchange for completing a state-approved defensive driving course, you may qualify for a defensive driving discount.

Blue icon of two cars

Listing more than one vehicle under the same policy may offer a multi-car discount.

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What Are Some of the Characteristics Of the Chevrolet Traverse?

This is a vehicle in the midsize SUV segment.

It comes in six trims: LS, LT Cloth, LT Leather, RS, Premier, and High Country, all powered by a 310-horsepower V6 engine with nine-speed automatic transmission and front-wheel drive.

Standard features include 18-inch wheels, Apple CarPlay/Android Auto capability, six USB ports, and a push-button start. Upgrading to the highest-level trim, High Country, add ventilated front seats, a hands-free power liftgate, power-folding third row, and a power sunroof.

Main competitors are the Ford Explorer, Honda Passport, Hyundai Santa Fe, and Jeep Grand Cherokee.

Find the Best Car Insurance Rates Online for Chevrolet Traverse Today

If you are a Chevrolet Traverse driver interested in exploring your auto insurance options, Freeway Insurance is ready to help you.

To get started with Freeway Insurance, request a quote online, visit one of our offices in person, or call 800-777-5620 to speak with one of our friendly representatives. We look forward to hearing from you!

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