Cheaper 2016 Chevrolet Equinox Car Insurance Rates

Paying for high-priced Chevrolet Equinox insurance can dwindle your personal savings and put a big crunch on your finances. Comparison shopping is free and is an excellent way to help make ends meet.

Companies like State Farm, Farmers Insurance, GEICO and Allstate all promote huge savings with catchy ads and it is challenging if not impossible to see through the deception and take the time to shop coverage around.

You should take the time to price shop coverage every six months because insurance rates fluctuate regularly. Just because you found the best deal for Equinox insurance a few years ago the chances are good that you can find a lower rate today. So just block out anything you think you know about insurance coverage because you’re about to learn the right way to find better rates and still maintain coverage.

Don’t miss out on these money-saving discounts

Insurance can be prohibitively expensive, but there could be available discounts that you may not even be aware of. Certain discounts will be triggered automatically at the time of quoting, but some must be asked for in order for you to get them.

  • Student Driver Training – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in high school.
  • Homeowners Savings – Owning a house may earn you a small savings due to the fact that maintaining a home requires personal responsibility.
  • Memberships – Affiliation with a civic or occupational organization could trigger savings when buying insurance coverage for Equinox insurance.
  • Good Students Pay Less – Getting good grades can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Life Insurance – Larger companies have a discount if you purchase a life insurance policy as well.
  • No Accidents – Claim-free drivers can earn big discounts compared to drivers who are more careless.
  • Safe Drivers – Safe drivers can pay as much as 50% less for Equinox insurance than less cautious drivers.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Distant Student – Youth drivers living away from home attending college and don’t have a car can be insured at a reduced rate.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper compared to insuring an older model.

Drivers should understand that most discount credits are not given to all coverage premiums. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck. But any discount will bring down your overall premium however.

For a list of insurance companies who offer insurance coverage discounts, follow this link.

Comparison of Car Insurance

The are a couple different ways to compare rate quotes and find the best price. The best way to compare 2016 Chevy Equinox insurance prices involves getting comparison quotes online. This can be accomplished in just a few minutes using one of these methods.

  1. The best way to get quotes is to use a rate comparison form (click to open form in new window). This easy form saves time by eliminating repetitive form submissions to each individual car insurance company. In just a few minutes this one form will get you rate comparisons instantly.
  2. A more difficult way to shop for car insurance online requires a visit to the website for each individual company and request a quote. For instance, we’ll pretend you want rates from Progressive, Allstate and Travelers. To find out each rate you need to visit each site and enter your policy data, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The least efficient method of comparing rate quotes is driving around to insurance agents’ offices. Buying insurance online eliminates the need for an insurance agent unless you prefer the professional guidance only provided by licensed agents. Drivers can price shop your coverage online but buy from a local insurance agent and we’ll cover that in a bit.

Which method you use is up to you, but ensure you are comparing the exact same deductibles and coverage limits on every quote. If the quotes have mixed coverages it’s not possible to make a fair comparison for your Chevy Equinox. Quoting even small variations in limits can mean a large discrepancy in price. Keep in mind that comparing more company’s prices provides better odds of finding a better price.

Factors determining your Chevy Equinox insurance premium

It’s important that you understand the different types of things that play a part in calculating your car insurance rates. Understanding what influences your rates helps enable you to make changes that may reward you with lower car insurance prices.

  • Low deductibles can be expensive – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Chevy from damage. Examples of covered claims are collision with another vehicle, collision with an animal, and windstorm damage. Your deductibles are the amount of money you are required to spend in the event of a claim. The higher the amount you’re willing to pay, the bigger discount you will receive for Equinox insurance.
  • How your age affects price – Teenage drivers are statistically proven to get distracted easily when driving so car insurance rates are higher. Having to add a young driver to your policy can really hurt. More mature drivers are more responsible, tend to cause fewer accidents and are safer drivers.
  • Liability coverage protects you – Liability coverage is the protection in the event that a jury decides you are liable for causing damage or personal injury in an accident. It will provide for a legal defense starting from day one. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • A lapse in coverage is a bad thing – Allowing your coverage to lapse will be a fast way to increase your car insurance rates. Not only will rates go up, getting caught without coverage may earn you a license revocation or jail time.Then you may be required to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
  • Are you male or female? – Statistics show that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women tend to get into accidents at about the same rate, but the men have costlier accidents. Men also statistically receive more costly citations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Do you need those extra coverages? – There are a ton of add-on coverages that you can get tricked into buying when buying car insurance. Coverages like personal injury protection, accidental death and membership fees may be costing you every month. They may seem like a good idea when you first buy your policy, but your needs may have changed so get rid of them and save.

Do I need special coverages?

When buying adequate coverage for your vehicles, there really is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions could help you determine if you might need an agent’s assistance.

  • How can I force my company to pay a claim?
  • What are the financial responsibility laws in my state?
  • Who is covered when they drive my 2016 Chevy Equinox?
  • Can I make deliveries for my home business?
  • Can I rent a car in Mexico?
  • Where can I get insurance after a DUI in my state?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Specific coverage details

Learning about specific coverages of car insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Shown next are the usual coverages offered by car insurance companies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits are identical to your policy’s liability coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as hospital visits, ambulance fees, dental work and nursing services. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Coverage for collisions

Collision insurance pays for damage to your Equinox resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like hitting a mailbox, driving through your garage door, backing into a parked car, damaging your car on a curb and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Liability

This will cover damages or injuries you inflict on other’s property or people. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as bail bonds, pain and suffering, court costs, repair costs for stationary objects and structural damage. How much coverage you buy is up to you, but consider buying as much as you can afford.

Comprehensive coverages

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from flooding, fire damage, hitting a deer and vandalism. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Final considerations

The cheapest 2016 Chevy Equinox insurance can be found online in addition to many insurance agents, and you should be comparing both to have the best chance of lowering rates. Some companies do not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

We just showed you many ways to reduce insurance prices online. The key concept to understand is the more you quote, the better likelihood of reducing your rate. You may be surprised to find that the lowest priced insurance comes from the least-expected company. These smaller insurers often have lower prices on specific markets compared to the large companies like State Farm or Progressive.

Additional detailed information can be read at these sites: