How much is insurance on a Chevrolet Traverse?

Priced for the 2024 Traverse AWD, the newest year covered by HLDI's loss data (2022–24 models), for a 45-year-old driver with a clean record and full coverage. HLDI's results combine drivers of all ages. We apply them to one example driver (a 45-year-old with a clean record) so pages are comparable; they aren't specific to 45-year-olds. Each state raises or lowers every car's price by the same percentage, so the Traverse's rank is the same in every state.

Why the Chevrolet Traverse costs what it does

What HLDI reports (2022–24 models, all drivers combined)

The Highway Loss Data Institute (HLDI) compares each model's insurance losses with an average car's. For the Chevrolet Traverse 4dr 4WD, on HLDI's scale where 100 is an average car and lower is better, it reports 68 for crash repairs, 46 for non-crash damage, and 46 for damage to others' property.

• Crash repairs (collision)fixing this car after a crashBetter than average32% better than average4th best of the 25 midsize SUVs we compare
• Non-crash damage (comprehensive)theft, weather, fire, vandalism, glass, and animal strikesSubstantially better than average54% better than average2nd best of the 24 midsize SUVs we compare
• Damage to others' property (property damage liability)other people's cars and property, when this car's driver is at faultSubstantially better than average54% better than average2nd best of the 25 midsize SUVs we compare
• Injuries to others (bodily injury liability)how often injury claims are filed against this car's drivers, not how much they costInsufficient dataNo result from HLDI for this model

HLDI doesn't publish a result for injuries to others on this model, so it's marked “Insufficient data”.

Source: HLDI, insurance losses by make and model, 2022–24 models.

What we estimate that means for price

Prices move less than loss results do: a car's loss record is only one of many things insurers weigh, and each weighs it differently. So we count only part of HLDI's difference. Combining crash repairs and non-crash damage (weighted about 71% and 29%, the share each makes up of industry claim costs), the Traverse comes out about 38% better than average. We count about 40% of that difference, so the part of the bill that fixes the car is about 17% less than average: about $790 a year vs $950. On the liability side, HLDI publishes damage to others' property but not injury claims for the Traverse, so we go by that one result: about 54% better than average. Counting about half would go past the band insurers' own car ratings stay inside, so we hold that part at 20% less than average: $790 a year vs $990.

How the math works

In EPA size classes, the Traverse is a standard SUV (gas-powered). In Highway Loss Data Institute loss tables, the Chevrolet Traverse is benchmarked against midsize SUVs.

Matched to HLDI series “Chevrolet Traverse 4dr 4WD” (HLDI, 2022–24 models).

A used Chevrolet Traverse, by model year

One model year per age group. Liability only: no coverage for the car itself. Teen columns: a new 16-year-old. Each row uses the HLDI report that covers that model year.

Model year	Full coverage	Liability only	Adding a teen	Teen on their own policy
2024 Traverse AWD (0–3 years old)	about $1,580	about $790	+$1,050	about $4,540
2022 Traverse AWD (4–7 years old)	about $1,490	about $790	+$980	about $4,270
2018 Traverse AWD (8–12 years old)	about $1,670	about $970	+$1,100	about $4,800
2013 Traverse AWD (13 or more years old)	about $1,440	about $910	+$950	about $4,130

Our catalog covers the Chevrolet Traverse across model years 2009–2027. Full coverage on a used 2013 Traverse (13 or more years old) runs about $1,440 a year, $140 less than on a 2024. Dropping collision and comprehensive on that 2013 brings liability-only coverage to about $910 a year. Each photo shows that year's generation of the car. Photo credits.

All 4 versions of the 2024 Chevrolet Traverse in our catalog (Traverse FWD, Traverse Limited FWD, Traverse AWD and Traverse Limited AWD) price within about $50 a year of each other.

On a policy of their own with a 2024 Chevrolet Traverse, a 22–25-year-old pays about $2,060 a year ($480 more than a 45-year-old), a 26–39-year-old about $1,760, and a driver 65 and older about $1,660.

Adding a 16-year-old with a Chevrolet Traverse

Because the Chevrolet Traverse starts from lower losses than most cars, adding a new 16-year-old driver raises the family bill by about $1,050 a year ($90 a month), $240 less than adding a teen with an average car of the same age. Putting that 16-year-old on a policy of their own instead costs about $4,540 a year, about $3,500 more than sharing the family policy.

For adding a teen driver, the Chevrolet Traverse ranks the cheapest out of all 121 models we track. Stepping down to a used 2013 Traverse (13 or more years old) brings the teen add-on to about $950 a year.

That increase is how much the family bill goes up with a new 16-year-old driving this car. Cheapest cars to insure for a teen.

Similar midsize SUVs

Among these 25 midsize SUVs, the Chevrolet Traverse is the least expensive to insure. Next up is the GMC Acadia, at about $1,590 a year.

• 2024 Chevrolet Traverseabout $1,580 (this car)
• 2024 GMC Acadiaabout $1,590 (about the same)
• 2024 Subaru Ascentabout $1,640 ($60 more)
• 2024 Honda Pilotabout $1,660 ($80 more)
• 2024 Honda Passportabout $1,720 ($140 more)

Photos from Wikimedia Commons contributors. Photo credits.

What a Chevrolet Traverse costs in your state

In six sample states, a 2024 Chevrolet Traverse runs from about $1,100 a year in Wisconsin through Montana, Alaska, Arizona and Rhode Island to about $2,090 in New York:

• Wisconsinabout $1,100/yr · +$730 teen
• Montanaabout $1,300/yr · +$860 teen
• Alaskaabout $1,390/yr · +$920 teen
• Arizonaabout $1,660/yr · +$1,090 teen
• Rhode Islandabout $1,880/yr · +$1,240 teen
• New Yorkabout $2,090/yr · +$1,380 teen

All 50 states and DC · Updated November 5, 2026.

Both start from your own situation if you've set one. For crash safety, see IIHS and NHTSA ratings.

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