Save on 2007 Chevrolet Equinox Insurance Rates

Having to pay for overpriced Chevrolet Equinox insurance can take a big chunk out of your bank account and put a big crunch on your finances. Doing a price comparison is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.

Since consumers have many different company options, it can be diffult for consumers to locate the most cost effective insurer.

How to save on 2007 Chevy Equinox insurance

Insurance can cost an arm and a leg, but there could be available discounts that you may not know about. Some trigger automatically when you purchase, but a few must be asked for prior to receiving the credit.

55 and Retired – If you’re over the age of 55, you may be able to get reduced rates for Equinox coverage.
Fewer Miles Equal More Savings – Driving fewer miles can qualify you for lower rates on the low mileage vehicles.
Auto/Home Discount – If you insure your home and vehicles with the same company you may earn 10% to 20% off each policy.
Theft Prevention Discount – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
Memberships – Affiliation with certain professional organizations may earn a discount when buying auto insurance for Equinox coverage.
No Charge for an Accident – A handful of insurance companies permit an accident before hitting you with a surcharge if you are claim-free prior to the accident.
Homeowners Discount – Simply owning a home may trigger a auto insurance policy discount because owning a home shows financial diligence.
Sign Early and Save – A few companies offer discounts for switching policies before your current policy expires. It can save you around 10%.
No Claims – Drivers who don’t have accidents can earn big discounts as compared to frequent claim filers.

A little note about advertised discounts, some credits don’t apply to your bottom line cost. Most only cut individual premiums such as liability and collision coverage. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way. Any qualifying discounts will reduce your overall premium however.

To see a list of insurers with discount auto insurance rates, click here.

Tailor your coverage to you

When buying the right insurance coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different so your insurance needs to address that. For instance, these questions can help discover whether your personal situation would benefit from an agent’s advice.

If my 2007 Chevy Equinox is totaled, can I afford another vehicle?
Do I have coverage if my license is suspended?
Is my dog or cat covered if injured in an accident?
Is my business laptop covered if it gets stolen from my vehicle?
Is business property covered if stolen from my car?
What is PIP insurance?
Where can I get insurance after a DUI in my state?
How high should deductibles be on a 2007 Chevy Equinox?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

Are insurance coverage companies telling the truth?

State Farm and Allstate consistently run television and radio advertisements. All the companies have a common claim about savings if you change your coverage to them. How do they all say the same thing?

All the different companies have a preferred profile for the right customer that earns them a profit. A good example of a driver they prefer could possibly be between the ages of 40 and 55, owns a home, and drives newer vehicles. A customer that hits that “sweet spot” is entitled to the best price and therefore will cut their rates substantially.

Potential customers who are not a match for this ideal profile will be charged higher prices and ends up with the customer not buying. The ad wording is “people who switch” but not “drivers who get quotes” save that kind of money. This is how companies can truthfully advertise the savings.

That is why drivers should compare many company’s rates. It’s just too difficult to predict the company that will fit your personal profile best.

Auto insurance coverages explained

Learning about specific coverages of your auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from auto insurance companies.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance kick in for expenses for things like funeral costs, rehabilitation expenses, surgery and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage – This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like hail damage, fire damage, hitting a bird, rock chips in glass and damage from getting keyed. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability car insurance – Liability coverage provides protection from damage that occurs to a person or their property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like emergency aid, medical services, attorney fees and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Chevy Equinox.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as scraping a guard rail, hitting a parking meter, driving through your garage door, backing into a parked car and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Make an honest buck

When shopping online for insurance, make sure you don’t buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped liability limits or collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to find the BEST coverage for the lowest price.

Low-cost 2007 Chevy Equinox insurance is available on the web in addition to many insurance agents, and you should compare price quotes from both to have the best rate selection. There are still a few companies who do not provide online quoting and many times these small, regional companies only sell through independent insurance agents.