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.
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.
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.
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.
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.
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.
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.
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.
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 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 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
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.
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 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.
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: