2023 Chevrolet Equinox Insurance Cost in 2024 – 10 Tips to Save

Finding better insurance prices for a Chevy Equinox can turn out to be an all-consuming task, but you can learn our insurance coverage buying tips and make it easy.

There are more efficient ways to shop for insurance coverage and we’ll show you the quickest way to get price quotes for your Chevy and obtain the lowest possible price from both online companies and local agents.

It is always a good idea to shop coverage around quite often because insurance coverage prices change regularly. Even if you got the best quotes on Equinox coverage a couple years back a different company probably has better rates today. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to the fastest and easiest way to save money, get proper deductibles and limits, all at the lowest rate.

Shopping for cheaper coverage can be fairly easy. If you are insured now or are shopping for new coverage, you will benefit by learning to find the best rates while maximizing coverage. Consumers only need an understanding of the proper methods to compare prices on the web.

How to lower your auto insurance cost

Most companies provide coverage prices direct online. Getting quotes is quite simple as all you need to do is type in your coverage information into the form. When the form is submitted, the quote system gets your driving and credit reports and returns a price quote based on many factors.

Being able to quote online helps simplify price comparisons, but the work required to visit many different websites and fill out multiple forms is not the best way to spend an afternoon. But it’s very important to have as many quotes as possible in order to find a lower rate.

There is a better way to compare rates

The easiest way to find cheaper rates is to use a quote form to get prices from multiple companies. It saves time, eliminates form submissions, and makes comparison shopping a little more enjoyable. As soon as you send your information, it is quoted with multiple companies and you can pick any or none of the price quotes you receive.

If one or more price quotes are lower than your current rates, you can simply submit the application and purchase the new policy. This process only takes a few minutes and you will find out if you’re overpaying now.

In order to compare rates now, simply enter your zip code here and complete the simple form. To compare your current rates, we recommend you type in coverages and limits just like they are on your policy. Using the same limits helps guarantee you will get a rate comparison for the exact same coverage.

Switch companies and save? Really?

Consumers can’t ignore all the ads that claim the lowest premium rates from companies such as Allstate, GEICO and Progressive. All the companies advertise claims that people will save if you change to them.

How does each company sell you cheaper insurance coverage? This is how they do it.

Insurance providers have specific characteristics for the type of driver that earns them the most money. An example of this type of driver could possibly be a married female, has a low-risk occupation, and drives a lower-performance vehicle. A prospective insured who meets those qualifications receive the lowest rate quotes and will save a lot of money.

People who don’t measure up to the “perfect” profile will probably have to pay higher premium rates with the end result being the customer buying from someone else. The ads say “drivers that switch” but not “all drivers who get quotes” save the amount stated. That’s the way companies can claim big savings.

Because of this risk profiling, it is so important to get price quotes at each policy renewal. You cannot predict which company will have the lowest rate quotes.

Ten discounts to earn affordable auto insurance rates

Not too many consumers would say auto insurance is affordable, but you can get discounts to reduce the price significantly. Certain discounts will be applied at the time of quoting, but some need to be inquired about before they will apply. If they aren’t giving you every credit possible, you are not getting the best rate possible.

• Theft Deterrent – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will qualify for a discount on a insurance quote.
• Payment Method – If you pay your bill all at once rather than paying monthly you may have a lower total premium amount.
• Discounts for Good Drivers – Drivers without accidents may save up to 50% more on Equinox coverage than less cautious drivers.
• Student Discount for Driver Training – Have your child successfully complete driver’s ed class if it’s offered in school.
• Accident Forgiveness – This one isn’t a discount, but a few companies such as Allstate and Progressive allow you one accident without getting socked with a rate hike as long as you don’t have any claims before the accident.
• Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save a little on the medical payments or PIP coverage costs.
• Low Mileage Discounts – Maintaining low annual mileage can earn better prices on cars that stay parked.
• Driver Safety – Participating in a safe driver class could save 5% or more if your company offers it.
• No Claim Discounts – Insureds who avoid accidents and claims get the best auto insurance rates when compared to accident-prone drivers.
• Discounts for Multiple Vehicles – Having more than one vehicle on one policy can reduce rates for all insured vehicles.

One thing to note about discounts is that some of the credits will not apply to the entire cost. Most only cut the cost of specific coverages such as liability and collision coverage. So when the math indicates you would end up receiving a 100% discount, companies wouldn’t make money that way.

To see a list of insurers with the best discounts, enter your zip code here.

Tailor your car insurance coverage to you

When buying the best car insurance coverage, there is no cookie cutter policy. Everyone’s situation is unique.

For instance, these questions can help discover if your insurance needs might need an agent’s assistance.

• What is UM/UIM insurance?
• How do I file an SR-22 for a DUI in my state?
• What is the minimum liability in my state?
• Is my business laptop covered if it gets stolen from my vehicle?
• What if I don’t agree with a claim settlement offer?
• What is no-fault insurance?
• Should I buy additional glass protection?
• Does my policy cover my teen driver if they drive my company car?
• Can I rent a car in Mexico?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and enter your zip code. It’s fast, free and you can get the answers you need.

Insurance coverages and their meanings

Knowing the specifics of a insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy.

Auto liability insurance

This provides protection from damages or injuries you inflict on other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims such as emergency aid, attorney fees, pain and suffering, medical expenses and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Comprehensive protection

This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from getting keyed, hitting a bird, damage from flooding, a broken windshield and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

This coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as hitting a mailbox, colliding with a tree, scraping a guard rail and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for expenses such as EMT expenses, pain medications, dental work, X-ray expenses and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these coverages are set the same as your liability limits.

Smart shoppers get results

People switch companies for a variety of reasons including extreme rates for teen drivers, questionable increases in premium, an unsatisfactory settlement offer and high rates after DUI convictions. It doesn’t matter why you want to switch choosing a new company is not as hard as you think.

Budget-friendly auto insurance can be sourced from both online companies and also from your neighborhood agents, and you need to price shop both in order to have the best price selection to choose from. Some auto insurance companies may not have rates over the internet and most of the time these regional carriers prefer to sell through local independent agents.

While you’re price shopping online, it’s a bad idea to sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed collision coverage and learned later they didn’t purchase enough coverage. The goal is to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.