Save on 2014 Chevrolet Equinox Car Insurance Rates

Are you kicking yourself for buying an expensive insurance coverage policy? It’s a common feeling and many consumers are feeling buyer’s remorse and feel like there’s no way out. Multiple auto insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates and get the definite best rate

Consumers need to shop coverage around at least once a year because insurance coverage prices are variable and change quite frequently. Just because you found the best deal on Equinox insurance six months ago there may be better deals available now. Block out anything you think you know about insurance coverage because you’re going to learn the fastest way to save on insurance coverage.

If you have a current insurance policy or are looking for a new policy, you will benefit by learning to reduce the price you pay while maximizing coverage. Buying car insurance is not rocket science. Vehicle owners just need to understand the best way to compare rates over the internet.

Why your insurance rates might be higher

Many factors are used when you quote your car insurance policy. Some are obvious such as traffic violations, although some other factors are not quite as obvious like your vehicle usage or your commute time.A large part of saving on insurance coverage is knowing the factors that are used to determine your premiums. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that can help you get lower premium levels.

  • Liability coverage limits are a factor – A critical coverage on your policy, liability insurance is the protection when you are responsible for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense starting from day one. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Raising deductibles lowers prices – Physical damage coverage, also known as collision and other-than-collision, covers your vehicle from damage. A few examples of covered claims are colliding with a building, flood damage, and burglary. Comp and collision deductibles define how much you are willing to pay if you file a covered claim. The more of the claim you pay before a claim is paid (deductible), the lower your rates will be on Equinox insurance.
  • Where you reside can impact rates – Choosing to live in less populated areas of the country is a positive aspect when shopping for auto insurance. Lower population translates into fewer accident claims as well as less vandalism and auto theft. City drivers tend to have congested traffic and more severe claims. More time on the road statistically corresponds to a higher accident and claim rate.
  • Bad credit will cost you – Your credit history is a big factor in determining premium rates. Insureds that have good credit tend to be less risk to insure as compared to drivers with lower ratings. Therefore, if your credit leaves room for improvement, you could save money insuring your 2014 Chevrolet Equinox by improving your rating.

How to shop car insurance online

There are a variety of methods to shop for car insurance, and some are easier and takes less work. You could spend your day discussing policy coverages with local insurance agents in your area, or you could use the web to accomplish the same thing much quicker.

Many of the larger companies participate in a marketplace where prospective buyers enter their coverage request one time, and each participating company provides a quote. This prevents consumers from doing repetitive form submissions to each individual car insurance company.

To enter your information into the quoting system, click here (opens in new window).

The single downside to using this type of system is that consumers can’t choose which companies you will receive quotes from. So if you want to choose specific providers to compare rates, we have a listing of low cost car insurance companies in your area. Click here to view list.

It’s up to you which method you use, but try to keep nearly identical coverage information on every quote you get. If each company quotes mixed coverages then you won’t be able to truly determine the lowest rate.

Ads can be misleading

Consumers can’t get away from all the ads that claim the best rates by companies like GEICO, State Farm and Progressive. All the ads try to convey promises about saving some big amount after switching your policy.

How is it plausible that every one can cost less than your current company? This is the way they can do it.

All the different companies offer their best rates for the type of driver that will be a good risk. For example, this type of insured might have to be a female over age 40, has never had a policy lapse, and drives less than 7,500 miles a year. Any driver who meets those qualifications will probably get cheap prices and will most likely save money with a new company.

People who are not a match for the ideal profile will see a higher premium which results in the customer not purchasing. The wording the ads use say “people who switch” not “everyone who quotes” can get the lowest rates when switching. That’s the way companies can make claims that they all have the best prices. Different companies use different criteria so drivers should compare free insurance quotes often. It is impossible to predict which insurance companies will provide you with the cheapest premium rates.

You may qualify for discounts

Some insurance providers do not list the complete list of policy discounts in an easy-to-find place, so the list below contains a few of the more common in addition to some of the lesser obvious ways to save on insurance.

  • Theft Prevention System – Cars, trucks, and SUVs that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Student Discounts – A discount for being a good student may save as much as 25% on a insurance quote. The good student discount can last up to age 25.
  • Senior Citizen Discount – Older drivers could receive a small discount on rates on Equinox insurance.
  • Multiple Cars – Purchasing coverage when you have all your vehicles on a single policy can get a discount on all vehicles.
  • One Accident Forgiven – This one isn’t a discount, but some companies like GEICO, State Farm, and Progressive may permit one accident without the usual rate increase with the catch being you have to be claim-free before the accident.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Chevy may enable drivers to earn lower insurancerates on the low mileage vehicles.
  • Responsible Driver Discounts – Drivers without accidents can save as much as half off their rates on Equinox insurance compared to rates paid by drivers with frequent claims.

Just know that most credits do not apply to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. So even though you would think you could get a free insurance policy, you’re out of luck. But any discount will help lower your overall bill.

A few popular companies and their offered discounts are:

  • Progressive offers discounts for online quote discount, homeowner, multi-vehicle, multi-policy, online signing, and good student.
  • The Hartford has savings for air bag, vehicle fuel type, anti-theft, good student, defensive driver, driver training, and bundle.
  • Mercury Insurance discounts include good student, accident-free, professional/association, location of vehicle, and anti-theft.
  • GEICO may include discounts for good student, federal employee, seat belt use, defensive driver, five-year accident-free, and emergency military deployment.
  • AAA offers premium reductions for education and occupation, good driver, anti-theft, AAA membership discount, and pay-in-full.
  • State Farm includes discounts for Drive Safe & Save, defensive driving training, anti-theft, multiple policy, and Steer Clear safe driver discount.

If you need cheap insurance quotes, ask every company what discounts are available to you. Savings may not be available everywhere. To find insurers that can offer you the previously mentioned discounts, follow this link.

There’s no such thing as the perfect insurance policy

When it comes to choosing adequate coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For example, these questions can aid in determining if you would benefit from an agent’s advice.

  • Am I covered when driving a rental car?
  • Am I covered when driving someone else’s vehicle?
  • At what point should I drop full coverage?
  • Do I need motorclub coverage?
  • Will my insurance pay for OEM parts?
  • Is my teenager covered with friends in the car?
  • Am I covered if I drive in a foreign country?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and may give you better protection.

Coverages available on your car insurance policy

Having a good grasp of a car insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverage types found on the average car insurance policy.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like pain medications, X-ray expenses, surgery and doctor visits. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision coverages – This pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like scraping a guard rail, driving through your garage door, colliding with a tree and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

UM/UIM Coverage – This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive or Other Than Collision – This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, theft, falling objects, vandalism and damage from flooding. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability coverage – Liability insurance provides protection from damages or injuries you inflict on people or other property that is your fault. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as bail bonds, court costs, structural damage, medical expenses and attorney fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Online plus local equals savings

We just presented some good ideas how to get a better price on 2014 Chevy Equinox insurance. The key concept to understand is the more times you quote, the better chance you’ll have of finding low cost insurance. You may even find the most savings is with some of the smallest insurance companies. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.

As you prepare to switch companies, make sure you don’t skimp on critical coverages to save a buck or two. In too many instances, an insured cut collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.

Additional learning opportunities