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 $1,340 a year for full coverage. Comprehensive costs around $272 each year, collision costs $494, and liability costs $416. Liability-only coverage costs as little as $474 a year, with high-risk coverage costing around $2,904. 16-year-old drivers cost the most to insure at $5,062 a year or more.

Average premium for full coverage: $1,340

Policy rates for type of insurance:

Full coverage includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all states and Equinox models.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on auto insurance rates. Areas with sparse population are shown to have a lower frequency of accident claims than congested cities.

The graphic below illustrates how geographic area affects auto insurance rates.

The examples above show why all drivers should compare rates for a specific zip code and risk profile, instead of making a decision based on rate averages.

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

Additional Charts and Tables

The chart below shows estimated Chevrolet Equinox insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $774
• Drivers who choose higher $1,000 deductibles will pay about $174 a year
• The average rate for a good driver age 40 using $500 deductibles is $1,340
• Buying low deductibles for comprehensive and collision insurance will increase the cost to $1,678
• Drivers with multiple tickets or accidents could pay at least $2,904 or more
• Policy cost for full coverage for a 16-year-old driver can be $5,062 a year

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 deductibles and policy limits.

More mature drivers with no violations or accidents and high deductibles may pay as low as $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay as much as $5,000 a year. View Rates by Age

Your home state makes a big difference in Chevrolet Equinox insurance prices. A 40-year-old driver could pay as low as $890 a year in states like Idaho, Maine, and Iowa, or at least $1,910 on average in Michigan, Louisiana, and New York.

View Chart as Image

Opting for high physical damage deductibles could save up to $520 annually, whereas increasing liability limits will increase rates. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $375 more each 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 at least $1,600 to $2,200 additional every year, depending on your age. Insurance for high-risk drivers can cost from 43% to 133% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the only way to know your exact price is to do a rate comparison from multiple companies. Every company utilizes a different rate formula, and 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 More Affordable Chevrolet Equinox Insurance

Finding cheaper rates on insurance for a Chevrolet Equinox not only requires being a good driver, but also having a good credit history, avoid buying unnecessary coverage, and taking advantage of discounts. Invest the time to compare rates every other policy renewal by requesting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The following list is a summary of the ideas that were presented in the illustrations above.

• Drivers age 16 to 20 are charged the highest rates, costing up to $422 each month including comprehensive and collision insurance
• Drivers considered higher risk who have multiple accidents or major violations may be required to pay an average of $1,560 more every year than a safer driver
• Increasing comprehensive and collision deductibles can save around $500 each year
• Drivers can save up to $160 per year simply by quoting online in advance

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