Chevrolet Equinox Insurance Rates

How much does it cost to insure a Chevy Equinox? The average Chevy Equinox insurance rates are $1,370. If you are wondering how much does Equinox insurance cost per month, it will be about $114.

Our guide breaks down Chevy Equinox insurance rates to help drivers save on Chevy Equinox costs. Read on.

Want to jump right into finding Chevrolet Equinox rates? Enter your ZIP code in our free tool above.

The average insurance rates for a Chevrolet Equinox are $1,344 a year for full coverage. Comprehensive costs approximately $282, collision costs $506, and liability coverage costs around $398. Buying just liability costs as low as $460 a year, with insurance for high-risk drivers costing around $2,908. Teenage drivers cost the most to insure at $5,040 a year or more.

Average premium for full coverage: $1,344

Policy rates by type of insurance:

Rate estimates include $500 deductible amounts, bodily injury liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all states and for all Equinox models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Rural locations are shown to have a lower frequency of accident claims than densely populated cities.

The example below illustrates the effect of geographic area on auto insurance prices.

The examples above show why everyone should compare prices using their specific location and risk profile, rather than using average rates.

Use the form below to get customized rates for your location.

Additional Rate Analysis

The chart below shows estimated Chevrolet Equinox insurance rates for additional coverage and risk scenarios.

• The best discount rate is $777
• Using higher $1,000 deductibles will save $178 a year
• The average rate for a good driver age 40 who chooses $500 deductibles is $1,344
• Using pricier low deductibles for physical damage coverage will increase the cost to $1,692
• Higher-risk drivers who are prone to accidents and violations could pay around $2,908 or more
• Policy cost for full coverage for a teenage driver for full coverage can cost $5,040 or more

View Chart as Image

Insurance rates for a Chevrolet Equinox also range considerably based on your risk profile, the trim level of your Equinox, and physical damage deductibles and liability limits.

A more mature driver with a clean driving record and high deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay in the ballpark of $5,000 a year. View Rates by Age

Your home state has a huge impact on Chevrolet Equinox insurance rates. A driver around age 40 might see rates as low as $890 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,920 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $530 a year, whereas buying more liability protection will push rates upward. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $358 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying anywhere from $1,600 to $2,200 extra every year, depending on your age. Chevrolet Equinox insurance for high-risk drivers can be around 44% to 133% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the only way to know who has the cheapest car insurance rates is to regularly compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, so the rates will be varied from one company to the next.

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find the Best Chevrolet Equinox Insurance

Finding cheaper rates on auto insurance requires having a good driving record, maintaining good credit, avoid buying unnecessary coverage, and maximizing policy discounts. Take the time to compare rates every other policy renewal by requesting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The next list is a brief recap of the ideas that were covered in the above illustrations.

• Drivers age 20 and younger are expensive to insure, costing up to $420 each month for full coverage
• Drivers who tend to receive serious violations may pay on average $1,560 more per year to buy Chevrolet Equinox insurance
• Increasing comprehensive and collision deductibles can save around $525 each year
• Drivers can save around $160 per year simply by quoting online well ahead of the renewal date

What Are Some Frequently Asked Questions?

We’re going to cover some common questions we get asked:

• Is a Chevy Equinox expensive to insure? It’s average for other vehicles in its category.
• What is the average cost of a Chevy Equinox? Starting at $24,795.
• Is the 2020 Equinox a good car? It’s a solid compact SUV.

Shopping around will help you find cheaper rates to lower your Equinox car cost per month. Compare companies for multiple model years, such as 2019 Chevy Equinox insurance costs, 2018 Chevy Equinox insurance rates, or 2016 Chevy Equinox costs.

Ready to find the average insurance rates for your Chevy Equinox? Enter your ZIP code in our free tool below to find out how much is Equinox to insure.

What are the safety ratings of the Chevrolet Equinox?

How much does a new Equinox cost to insure? While you may think a 2020 model will be more expensive to insure than the 2015 or 2011 Equinox cost of insurance, newer models can earn you better discounts if they have good safety features and ratings.

The Chevrolet Equinox has some great safety features, such as multiple airbags, electronic stability control, lane departure warning, and lane-keeping assist. The Insurance Institute for Highway Safety (IIHS) also gave the 2020 Chevrolet Equinox a 2020 Top Safety Pick award. See the rating breakdown below.

• Small overlap front (driver-side): Good
• Small overlap front (passenger-side): Good
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

Good is the highest rating possible. Watch the video below for an example of one of the crash tests.

How is the Chevrolet Equinox compared against other vehicles in the same class?

Wondering how much does a Chevy Equinox cost to insure with liability coverage? The cost will be affected by the size and class of a vehicle. The Chevrolet Equinox is a small SUV, so it should have normal liability rates. The IIHS found that the Chevrolet Equinox’s liability losses vary between average and better than average, which is good.

Take a look at the other small SUVs below to see how their rates compare to the Chevrolet Equinox.

• Chevrolet Trax Insurance Rates
• FIAT 500X Insurance Rates
• Ford Ecosport Insurance Rates

Remember, shopping around will help you find cheap rates, from the cost of a Chevy Equinox 2018, 2014, or 2013 model year to the cost of 2005 Chevy Equinox LX. So use rate comparison tools to find out how much does a 2014 Chevy Equinox cost or the Equinox minimum age for safe driver discounts.

Ready to find Chevrolet Equinox insurance rates? Enter your ZIP code in our free tool.

References

1. https://www.iihs.org/ratings/vehicle/chevrolet/equinox-4-door-suv/2020