Compare 2006 Chevrolet Equinox Insurance Rates

Wish you could get out of an overpriced auto insurance policy? Believe me when I say many consumers feel financially strained by their auto insurance policy. People have multiple auto insurance companies to buy insurance from, and though it is a good thing to have a selection, it can be more difficult to find the lowest cost provider.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have car insurance now, you should be able to reduce your rates substantially using this information. Vehicle owners just need to know the proper way to find the lowest price over the internet.

How to lower your auto insurance cost

Reducing your 2006 Chevy Equinox insurance rates is not rocket science. The only thing you need to do is take a couple of minutes getting comparison quotes online from several insurance companies. This can easily be done using one of these methods.

  1. The most efficient way to compare a lot of rates at once is an all-inclusive rate comparison (click to open form in new window). This style of form keeps you from doing multiple quote forms for every company. In just a few minutes this one form will return price quotes from multiple companies.
  2. A different way to compare rate quotes requires a visit to each company’s website to request a price quote. For sake of this example, we’ll assume you are doing a rate comparison from Farmers, State Farm and American Family. You would need to spend time on each company’s site and repeatedly enter your information, which can take a lot of time.

    To view a list of companies in your area, click here.

  3. The final method of getting rate comparisons is driving to different agent offices. The internet eliminates this option unless you have a need for the professional advice of a licensed agent. However, consumers can get the lowest quotes online but have a local agent actually write the policy.

The method you choose is up to you, but make sure you are using nearly identical coverage data on every quote you get. If the quotes have mixed coverages it’s not possible to determine which rate is truly the best.

Insurance coverage discounts are available to slash your rates

Insurance can cost an arm and a leg, but you might be missing out on some discounts to cut the cost considerably. Many discounts should be triggered at the time you complete a quote, but some discounts are required to be asked for in order for you to get them.

  • Data Collection Discounts – People who choose to allow driving data submission to analyze their driving habits by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they have good driving habits.
  • Discount for Passive Restraints – Cars that have air bags or automatic seat belts can get savings of 20% or more.
  • Accident Forgiveness Coverage – Not really a discount, but a handful of insurance companies permit an accident without raising rates with the catch being you have to be claim-free for a specific time period.
  • Homeowners Pay Less – Just owning your own home can help you save on insurance coverage because maintaining a house is proof of financial responsibility.
  • Smart Student Discounts – Excelling in school can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Military Deployment Discount – Having a deployed family member could qualify you for better rates.
  • Student Discount for Driver Training – Require your teen driver to sucessfully take a drivers education course if it’s offered in school.
  • Discounts for Cautious Drivers – Insureds who avoid accidents may save up to 50% more on Equinox coverage compared to rates paid by drivers with frequent claims.
  • Discounts for New Vehicles – Insuring a vehicle that is new can get you a discount because new model year vehicles have to meet stringent safety requirements.
  • Paperwork-free – Some insurance companies will give a small break for buying your policy over the internet.

Drivers should understand that most discount credits are not given to the entire policy premium. Most only apply to specific coverage prices like liability and collision coverage. Even though the math looks like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

To view providers who offer discounts, click here to view.

How to lower your insurance rates

Lots of factors are taken into consideration when you quote your car insurance policy. Most are fairly basic such as traffic violations, but other factors are not as apparent like your vehicle usage or your commute time.One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that are used to determine your insurance rates. When consumers understand what influences your rates, this empowers consumers to make smart changes that may result in big savings.

  • lapses raise premiums – Driving any period of time without insurance is a misdemeanor and your next policy will cost more because you let your coverage have a gap. Not only will you pay higher rates, being ticketed for driving with no insurance can result in a steep fine or even jail time. You may then be required to file a SR-22 with your state DMV.
  • Youthful drivers cost more – Teen drivers have a tendency to be inattentive and easily distracted behind the wheel therefore insurance rates are much higher. Having to add a inexperienced driver to your insurance policy can really hurt. More mature drivers are shown to be more cautious, statistically cause fewer accidents and tend to be get fewer driving tickets.
  • Don’t abuse insurance claims – If you file a lot of claims you should expect either policy cancellation or increased premiums. Auto insurance companies award the lowest premiums to people who file claims infrequently. Auto insurance is intended for major claims that would cause financial hardship.
  • Drive a safer car and pay less – Cars with five star safety ratings get lower rates. Safer cars reduce occupant injuries and fewer injuries means less claims paid passed on to you as lower rates.
  • Prevent theft and save – Selecting a car model that has a built-in theft deterrent system can help lower your rates. Anti-theft features like OnStar, LoJack tracking, and tamper alarms all hinder vehicle theft.

Everyone needs different insurance coverage coverages

When choosing coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions may help highlight whether you would benefit from an agent’s advice.

  • When should I buy a commercial auto policy?
  • Do I have coverage if my license is suspended?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I pay less if my vehicle is kept in my garage?
  • Do I need replacement cost coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Do I have coverage when pulling a U-Haul trailer?
  • When can my company non-renew my policy?

If you can’t answer these questions then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It is quick, free and can help protect your family.

Auto insurance coverage information

Learning about specific coverages of your policy can help you determine the right coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages found on the average car insurance policy.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for bills for rehabilitation expenses, prosthetic devices, nursing services, chiropractic care and hospital visits. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers you and your occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Auto liability insurance

Liability coverage will cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

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 limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers things such as medical services, loss of income and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Uninsured and underinsured coverage

This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Chevy Equinox.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with another moving vehicle, driving through your garage door, scraping a guard rail and rolling your car. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverages

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, fire damage and falling objects. The highest amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Buy online or local, you save

Throughout this article, we presented quite a bit of information on how to shop for 2006 Chevy Equinox insurance online. The most important thing to understand is the more times you quote, the better likelihood of getting affordable auto insurance. Drivers may discover the best price on insurance is with a company that doesn’t do a lot of advertising. Regional companies often have lower rates on specific markets compared to the large companies like Progressive and GEICO.

While you’re price shopping online, it’s very important that you do not skimp on coverage in order to save money. In too many instances, someone sacrificed uninsured motorist or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your goal is to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

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