Cheaper 2015 Chevrolet Equinox Insurance Cost

Searching for cheaper insurance rates for your Chevrolet Equinox? Vehicle owners that are new to comparing insurance rates online will find locating inexpensive insurance coverage to be a formidable task.

Choosing the best insurance company for you is easy if you know what you’re doing. Basically, everyone who is shopping for insurance most likely will be able to find better rates. Nevertheless, consumers do need to understand how companies determine prices and take advantage of how the system works.

First Step: Get free insurance coverage quotes

Shopping for lower insurance coverage rates can be a daunting task if you don’t understand the easiest way. You can spend your afternoon talking to agents in your area, or you can stay home and use the internet to accomplish the same thing much quicker.

Most of the best insurance companies belong to an insurance system where prospective buyers enter their policy data once, and each company then returns a price quote based on the submitted data. This prevents consumers from doing quote requests to each company. To fill out one form to compare multiple rates now click here (opens in new window).

The one downside to using this type of form is that consumers can’t choose which insurance companies to get quotes from. So if you prefer to pick individual companies to receive pricing from, we put together a list of companies who write insurance coverage in your area. View list of insurance companies.

Whichever method you choose, be sure you’re using nearly identical coverages and limits for every company. If your comparisons have different values for each quote you will not be able to decipher which rate is best. Even a minor difference in insurance coverages could mean much higher rates. And when quoting insurance coverage, remember that getting more free quotes gives you a better chance of getting a lower rate.

Do you qualify for discounts?

Auto insurance companies don’t list their entire list of discounts in an easy-to-find place, so we break down some of the more common and also the lesser-known discounts that may be available.

  • Professional Memberships – Having an affiliation with a civic or occupational organization can get you a small discount on insurance.
  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school or through a local driver safety program.
  • Good Student Discount – Maintaining excellent grades may save as much as 25% on a insurance coverage quote. The discount lasts up to age 25.
  • Distant Student Discount – Older children who live away from home to go to college and don’t have a car may be insured at a cheaper rate.
  • Use Seat Belts – Drivers who require all vehicle occupants to fasten their seat belts may be able to save a few bucks off the medical payments premium.
  • Multi-Vehicle Discounts – Insuring primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
  • Telematics Discount – People who choose to allow driving data submission to track driving patterns by using a telematic data system such as State Farm’s In-Drive may get a rate reduction as long as the data is positive.

A quick disclaimer, many deductions do not apply to the entire cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. But all discounts will help lower your policy premium.

If you would like to see a list of insurance companies offering insurance discounts, click here.

Don’t assume everyone needs the same insurance coverage

When buying coverage, there is no single plan that fits everyone. Everyone’s situation is a little different.

Here are some questions about coverages that may help you determine whether your personal situation might need professional guidance.

  • What companies insure drivers after a DUI or DWI?
  • Am I covered if I break a side mirror?
  • Do I need special endorsements for business use of my vehicle?
  • Is other people’s property covered if stolen from my vehicle?
  • Are split liability limits better than a combined single limit?
  • How can I get my company to pay me more for my totalled car?
  • Does my 2015 Chevy Equinox qualify for pleasure use?
  • Will filing a claim cost me more?
  • What is high-risk coverage and where do I buy it?

If you can’t answer these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Informed drivers can cut insurance costs

Many things are considered when quoting car insurance. Some are obvious like a motor vehicle report, but some are not as apparent such as your marital status or your vehicle rating.It’s important that you understand the different types of things that play a part in calculating your policy premiums. If you have some idea of what determines premiums, this allows you to make good choices that can earn you lower car insurance prices.

  • Prices can be impacted by your vocation – Jobs like doctorspolice officers and medical professionals are shown to have higher average rates because of high stress and long work days. Conversely, careers like scientists, students and retirees generally pay rates lower than average on Equinox coverage.
  • Where do you drive? – The more you drive your Chevy in a year the more you’ll pay to insure your vehicle. A lot of companies price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks left parked in the garage cost less to insure than vehicles that have high annual mileage. Having the wrong rating on your Equinox can result in significantly higher rates. Double check that your car insurance policy properly reflects the proper vehicle usage.
  • Do you have enough liability insurance? – The liability section of your policy provides coverage in the event that a court rules you are at fault for damages from an accident. This coverage provides you with a defense in court which can be incredibly expensive. This coverage is relatively inexpensive as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
  • An active insurance claims history can cost you more – Car insurance companies generally give better rates to insureds who do not rely on their insurance for small claims. If you frequently file small claims, you can expect increased rates or even have your policy non-renewed. Your car insurance is designed for claims that pose a financial burden.
  • More than one policy can earn a discount – Lots of insurance companies provide a discount to insureds who have multiple policies with them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. Even with this discount applied, it’s still a good idea to compare rates to guarantee you are still saving the most.
  • Deductibles are a factor – Deductibles for physical damage define how much you are required to spend out-of-pocket before a claim is paid by your company. Insurance for physical damage to your car, also called ‘full coverage’, covers damage that occurs to your car. Examples of some claims that would be covered are a windshield broken by a bird, damage caused by hail, and damage caused by road hazards. The more you pay before a claim is paid (deductible), the lower your rates will be on Equinox coverage.

Big brands don’t always mean big savings

Auto insurance providers like Progressive, GEICO, Allstate and State Farm continually stream television, radio, and online ads. All the ads seem to make the promise of big savings after switching your coverage to them. How does each company have lower policy pricing? This is the trick they use.

All companies require specific criteria for the type of insured that makes them money. For instance, a profitable insured may need to be between the ages of 30 and 50, carries full coverage, and drives a safe vehicle. A customer getting a price quote that fits those parameters receive the lowest rate quotes and is almost guaranteed to pay quite a bit less when switching companies.

Potential insureds who don’t qualify for these standards may be forced to pay a higher rate which usually ends up with the customer buying from someone else. The wording the ads use say “drivers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s the way companies can truthfully make those statements. Different companies use different criteria so it is so important to compare free insurance coverage quotes often. It’s just not possible to know which company will have better prices than you’re paying now.

Information about specific coverages

Knowing the specifics of auto insurance helps when choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Chevy Equinox.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverage protection

Collision coverage will pay to fix damage to your Equinox resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a parking meter, rolling your car and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Comprehensive insurance

This pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from flooding, theft and vandalism. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for expenses such as doctor visits, EMT expenses, hospital visits and dental work. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Coverage for liability

Liability coverage can cover damage or injury you incur to other’s property or people. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims like emergency aid, structural damage and funeral expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Be Smart and Buy Smart

People switch companies for any number of reasons including high rates after DUI convictions, lack of trust in their agent, questionable increases in premium or even delays in paying claims. Whatever your reason, choosing a new company is easier than you think.

Low-cost 2015 Chevy Equinox insurance is definitely available online in addition to many insurance agents, so you need to shop insurance coverage with both in order to have the best price selection to choose from. Some companies do not provide the ability to get a quote online and usually these regional carriers provide coverage only through local independent agencies.

When trying to cut insurance costs, it’s not a good idea to sacrifice coverage to reduce premiums. In many instances, an insured dropped comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your objective should be to buy enough coverage at the best cost and still be able to protect your assets.

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