Buying the cheapest auto insurance for a Chevrolet Equinox relies on many factors such as whether you own a home, your credit score, and your choice of deductibles. Drivers pay approximately $710 a year for Equinox insurance, but that cost is a valuation based on a 30-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.
Most likely you aren’t exactly 30 years old or even a male, maybe you are single instead of married, or maybe your Equinox is old enough that it doesn’t require full coverage. Even a minor change in rating variables or coverage information may result in significant differences in how much coverage for a Chevrolet Equinox costs.
This shows why the only way to find cheap insurance prices for your Chevrolet is to do the rate comparisons yourself. It’s really quite easy you will receive price comparisons from some of the best insurers that insure vehicles in Ohio.
Find Cheaper Chevrolet Equinox Insurance
The trim level of your vehicle will likely have an effect on price, so the cost to insure a Equinox LS 2WD model will be $74 less expensive the cost to insure the higher-end Equinox LTZ AWD trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$176||$296||$226||$14||$68||$780||$65|
|Equinox LT 2WD||$176||$296||$226||$14||$68||$780||$65|
|Equinox LS AWD||$176||$296||$226||$14||$68||$780||$65|
|Equinox LT AWD||$176||$296||$226||$14||$68||$780||$65|
|Equinox LTZ 2WD||$198||$348||$226||$14||$68||$854||$71|
|Equinox LTZ AWD||$198||$348||$226||$14||$68||$854||$71|
|Equinox LTZ AWD||$198||$348||$226||$14||$68||$854||$71|
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can revise price quotes noticeably.
Determining which companies offer the lowest-priced car insurance rates for a Chevrolet Equinox involves a tad more effort in order to find a policy that fits your budget. Every insurance provider has their own guidelines for determining rates in each state, so let’s rank the car insurance companies with the overall best prices in Columbus, OH.
It’s a good idea to know that Columbus car insurance rates are influenced by many factors which can substantially change the policy price. Getting older, buying higher coverage limits, or having an accident may generate price changes that may make certain companies more affordable than before.
Find Cheaper Auto Insurance for Your Equinox
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$778|
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Utica National may have some of the most affordable car insurance rates in Columbus at around $628 per year. Erie, Allied, Frankenmuth, and USAA also make the cut as some of the lowest-priced Columbus, OH car insurance companies.
In the above rates, if you currently buy coverage from USAA and switched to Erie, you may see an annual premium reduction of approximately $30. Policyholders with Travelers may save as much as $52 a year, and Cincinnati Insurance policyholders might see rate reductions of $75 a year.
If you would like to find cheaper car insurance rates, click here to get a free quote or click several companies below for low rates.
Be aware that those policy rates are averaged across all insureds and vehicles and and are not calculated with an exact vehicle garaging location for a Chevrolet Equinox. So the auto insurance company that has the cheapest rates for you may not even be in the top 33 companies shown above. That affirms the importance of why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
The information below demonstrates how deductibles can impact insurance rates when trying to find cheap insurance for a Chevrolet Equinox. The premiums are based on a married male driver, comp and collision included, and no discounts are factored in.
In the chart above, a 40-year-old driver could lower their policy premium by $190 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $286 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could save up to $630 or more just by choosing larger deductibles. If you make the decision to raise deductibles, it will be necessary to have additional funds squirreled away to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Who has the cheapest Equinox insurance?
Ohio car insurance rates are based on many factors that can increase the policy price. Getting older, having a claim, or getting a couple of tickets can cause premium changes that can cause some rates to be much cheaper than others. Not only may your situation change, but companies file new rates every year or even multiple times each year to ensure their profitability. Significantly higher losses can result in price increases, while better underwriting can produce lower-priced Equinox insurance rates.
The chart below shows which company has the cheapest car insurance in Columbus, OH for a 40-year-old female driver with a clear driving record, no claims, and good credit. If we estimate rates based on her current situation, Utica National has the best car insurance rates in Columbus at $788 each year. This is $252 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers also make the list of the most affordable Columbus, OH auto insurance companies.
The chart below compares rates after we give the driver in the first chart a claim, a lower credit rating, and a stop sign violation. Because every insurance company has their own process to establish rates, comparing quotes could now result in a new list of the cheapest car insurance companies in Columbus as shown below.
Merchants Insurance Group now has the cheapest car insurance in Columbus with Cincinnati Insurance, General Casualty, Motorists Mutual, and Grange Mutual also having competitive pricing. This demonstrates why consumers need to shop around when trying to get cheap car insurance rates for a Chevrolet Equinox. Insurance rates can be altered by many things and change frequently, so the best price the last time you compared rates may now be one of the higher cost companies.