2009 Chevrolet Equinox Insurance Rates – 8 Ways to Save

Looking for the cheapest auto insurance rates for your Chevrolet Equinox? Sick and tired of robbing Peter to pay Paul to pay high auto insurance rates every month? You are no different than many other vehicle owners. Having so many choices of insurance companies, it’s nearly impossible to choose the most cost effective company.

Finding affordable coverage is not that difficult. If you currently have a car insurance policy, you should be able to save some money using this information. Drivers just need to learn the most efficient way to shop for auto insurance online.

How to compare car insurance price quotes

Many insurance companies like GEICO, State Farm and Progressive allow consumers to get prices from their websites. Comparing prices online doesn’t take a lot of time as you just enter the coverages you want into the form. Once you submit the form, their rating system gets your driving and credit reports and returns pricing information. Online price estimates makes it simple to compare prices but the work required to visit several different sites and type in your information is a big time waster. But it’s absolutely necessary to get many rate quotes if you want to find the lowest price.

A less time-consuming method to get multiple rate quotes requires only one form to return rates from several different companies. It’s a real time-saver, requires much less work on your part, and makes comparison shopping a lot less work. After sending the form, it is rated and you can choose any one of the quotes returned. If the quotes result in lower rates, you can click and sign and purchase the new policy. The whole process takes less than 15 minutes and can result in significant savings.

If you want to compare pricing, click here to open in a new tab and input your coverage information. If you currently have coverage, we recommend you copy the insurance coverages exactly as they are listed on your policy. Doing this assures you will be getting comparison quotes for exact coverage.

Verify you’re applying every discount

Buying insurance coverage is not cheap, but you may be missing some discounts to cut the cost considerably. Some of these disounts will be visible when you purchase, but occassionally some discounts must be asked for prior to getting the savings.

  • Low Mileage Discounts – Driving less may enable drivers to earn slightly better rates than normal.
  • Discount for Home Ownership – Just owning your own home may trigger a policy discount on insurance coverage due to the fact that maintaining a home is proof that your finances are in order.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to buckle up can save a little off the PIP or medical payment premium.
  • Early Renewal Discounts – Some larger companies give discounts for buying a policy prior to your current policy expiration. Ten percent is about the average savings.
  • Driver Education Discount – Cut your cost by having your teen driver enroll in driver’s education as it will make them better drivers and lower rates.
  • Discount for Multiple Policies – If you insure your home and vehicles and place coverage with the same company you could earn a discount of 10% to 20% off each policy.
  • Distant College Student Discount – College-age children living away from home attending college without a vehicle on campus may be insured at a cheaper rate.
  • Waiver for an Accident – Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident before raising your premiums so long as you are claim-free for a certain period of time.

Don’t be surprised that some credits don’t apply to your bottom line cost. Some only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

Companies and a partial list of their discounts are shown below.

  • State Farm policyholders can earn discounts including multiple policy, Steer Clear safe driver discount, anti-theft, multiple autos, good student, Drive Safe & Save, and student away at school.
  • GEICO offers discounts including five-year accident-free, defensive driver, air bags, good student, military active duty, and membership and employees.
  • Progressive discounts include good student, multi-policy, continuous coverage, online signing, online quote discount, homeowner, and multi-vehicle.
  • 21st Century may include discounts for anti-lock brakes, good student, 55 and older, air bags, homeowners, and teen driver.
  • American Family includes discounts for TimeAway discount, good student, accident-free, mySafetyValet, defensive driver, and bundled insurance.
  • The Hartford may have discounts that include good student, vehicle fuel type, air bag, defensive driver, and bundle.
  • AAA offers premium reductions for multi-car, AAA membership discount, education and occupation, good student, and good driver.

It’s a good idea to ask all the companies which discounts they offer. Some of the earlier mentioned discounts may not be available in your area.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage, there really is no cookie cutter policy. Each situation is unique so this has to be addressed. For instance, these questions could help you determine if your insurance needs might need professional guidance.

  • When would I need rental car insurance?
  • How much liability do I need to cover my assets?
  • Is a new car covered when I drive it off the dealer lot?
  • Does insurance cover tools stolen from my truck?
  • Do I get a pro-rated refund if I cancel my policy early?
  • When should I remove comp and collision on my 2009 Chevy Equinox?
  • Am I getting all the discounts available?
  • Does coverage extend to Mexico or Canada?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Auto insurance coverage information

Knowing the specifics of your auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on the average auto insurance policy.

Liability car insurance – Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

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 commonly see policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims like attorney fees, structural damage and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Comprehensive coverage – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like vandalism, a tree branch falling on your vehicle and damage from flooding. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for rehabilitation expenses, X-ray expenses and funeral costs. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Chevy Equinox.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision coverage – Collision coverage covers damage to your Equinox caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as scraping a guard rail, colliding with another moving vehicle, colliding with a tree, sustaining damage from a pot hole and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.

You can do this!

When you buy car insurance online, do not sacrifice coverage to reduce premiums. There have been many situations where drivers have reduced physical damage coverage and found out when filing a claim that it was a big error on their part. Your goal should be to buy enough coverage at the best price and still be able to protect your assets.

In this article, we presented quite a bit of information on how to lower your 2009 Chevy Equinox insurance rates. The most important thing to understand is the more times you quote, the better your comparison will be. You may be surprised to find that the most savings is with a small mutual company. These smaller insurers can often provide lower auto insurance rates in certain areas compared to the large companies like Allstate and Progressive.

Additional detailed information can be found by following these links: