2020 Chevrolet Equinox Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2020 Chevrolet Equinox are $1,354 a year for full coverage insurance. Comprehensive insurance costs approximately $294, collision costs $512, and liability costs $390. Buying a liability-only policy costs as little as $452 a year, with high-risk insurance costing $2,918 or more. Teenage drivers receive the highest rates at $5,032 a year or more.
Annual premium for full coverage: $1,354
Rate estimates for 2020 Chevrolet Equinox Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2020 Chevrolet Equinox models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For the average driver, prices range go from as low as $452 for just liability coverage to the much higher price of $2,918 for a driver that may need high-risk insurance.
These differences illustrate why everyone should compare rates using their specific location and risk profile, instead of making a decision based on average rates.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2020 Chevrolet Equinox Insurance
Looking for the cheapest insurance rates for your Chevrolet Equinox? Are you at wits end from not being able to scrape enough together to pay your insurance bill each month? You’re in the same situation as most other drivers.
Because there are so many companies to choose from, it can be diffult for people to pick the best insurance company.
Smart consumers take time to check insurance prices once or twice a year because prices go up and down regularly. Despite the fact that you may have had the best rates on Equinox insurance a couple years back you may be paying too much now. Ignore everything you know about insurance because you’re about to learn the tricks you need to know to remove unneeded coverages and save money.
How to shop car insurance online
Many insurance companies such as Progressive, GEICO, Allstate and State Farm make it easy to get coverage price quotes on the web. Getting quotes is pretty easy because it’s just a matter of typing in your personal and coverage information as requested by the quote form. Behind the scenes, the company’s rating system makes automated requests for your driving and credit reports and returns pricing information. Quoting online makes it easy to compare insurance prices but having to visit each company’s website and repetitively type in your information is monotonous and tiresome. But it’s very important to get many rate quotes if you want to get the best price on car insurance.
A more efficient way to locate the lowest prices is to use a quote form to obtain quotes from a bunch of companies at once. It’s a real time-saver, requires less work, and makes rate comparisons much more efficient. As soon as you send your information, your coverage is rated and you can select any of the resulting price quotes.
If a lower price is quoted, it’s easy to complete the application and purchase the new policy. This process just takes a couple of minutes and you will know how your current rates stack up.
If you want to find out how much you’re overpaying now, simply enter your zip code here and begin entering your coverage information. If you have a policy now, it’s recommended you duplicate the insurance coverages just like they are on your policy. Doing this assures you will be getting rate comparison quotes based on identical coverages.
Are insurance coverage companies telling the truth?
Popular insurance coverage providers such as Progressive, GEICO, Allstate and State Farm constantly bombard you with ads on television and other media. They all seem to try to convey promises that drivers will save a bundle if you just switch your coverage to them. How does every insurance coverage company make the same claim? This is the way they can do it.
Insurance companies require specific criteria for a prospective insured that makes them money. An example of a profitable customer should be over the age of 35, has other policies, and drives less than 5,000 miles a year. Anyone who fits that profile will probably get cheap rates and most likely will save if they switch.
Insureds who fall short of these standards will be charged a more expensive rate and this results in business not being written. The trick companies use is to say “customers that switch” not “all people who quote” save that much when switching. That’s why companies can lure you into getting a quote.
Each company has different criteria, so you really should get insurance quotes as often as possible. It’s just not possible to know the company that will give you lower prices than your current company.
Save a ton with these ten discounts
Insurance can cost an arm and a leg, but you might already qualify for some discounts to help bring down the price. Certain reductions will be credited at the time of quoting, but a few must be asked about prior to receiving the credit. If they aren’t giving you every credit available, you could be saving more on your insurance coverage.
- Anti-lock Brakes – Cars, trucks, and SUVs with ABS and/or traction control have fewer accidents so companies give up to a 10% discount.
- Defensive Driver – Taking time to complete a class that teaches defensive driver techniques can save you 5% or more and easily pay for the cost of the class.
- Save with a New Car – Buying a new car model is cheaper due to better safety requirements for new vehicles.
- Discounts for Cautious Drivers – Drivers who avoid accidents may receive a discount up to 45% on Equinox insurance than their less cautious counterparts.
- Multiple Vehicles – Having several vehicles with the same company may reduce the rate for each vehicle.
- Mature Driver Discount – Mature drivers could receive a small decrease in premiums on Equinox insurance.
- Student in College – Older children who are enrolled in higher education away from home and leave their car at home may be insured at a cheaper rate.
- Drivers Ed for Students – It’s a good idea to have your young drivers enroll and complete driver’s education if offered at their school.
- One Accident Forgiven – Not a discount per se, but a handful of insurance companies will let one accident slide before they charge you more for coverage so long as you haven’t had any claims for a particular time prior to the accident.
- Low Mileage Discounts – Driving less can earn better prices on cars that stay parked.
Remember that many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like having all the discounts means you get insurance for free, it just doesn’t work that way.
Larger insurance coverage companies and their possible discounts can be read below.
- American Family offers discounts for early bird, mySafetyValet, multi-vehicle, good student, and bundled insurance.
- State Farm may include discounts for Drive Safe & Save, multiple autos, good driver, student away at school, and Steer Clear safe driver discount.
- 21st Century offers discounts including air bags, driver training, defensive driver, student driver, and good student.
- Travelers policyholders can earn discounts including student away at school, home ownership, hybrid/electric vehicle, multi-car, driver training, and early quote.
- GEICO offers premium reductions for multi-vehicle, seat belt use, driver training, air bags, anti-theft, multi-policy, and defensive driver.
If you are trying to find affordable insurance quotes, ask each insurance company how you can save money. Discounts may not apply in your area.
Car insurance can be complex
When buying adequate coverage for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. These are some specific questions can help discover if your situation might need an agent’s assistance.
- Why am I required to buy high-risk coverage?
- Do I have newly-aquired coverage?
- How can I find cheaper teen driver insurance?
- Do I need medical payments coverage since I have good health insurance?
- Can I still get insurance after a DUI?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Are rental cars covered under my policy?
- What are the financial responsibility laws in my state?
- Do I have coverage if my license is suspended?
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete your zip code.
Coverages available on your policy
Having a good grasp of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. These are typical coverages offered by car insurance companies.
Auto collision coverage
This coverage pays for damage to your Equinox resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as hitting a parking meter, scraping a guard rail and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for claims such as falling objects, a tree branch falling on your vehicle, hitting a bird, hitting a deer and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
This coverage can cover damage or injury you incur to people or other property that is your fault. It protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage protects against claims such as bail bonds, structural damage, repair bills for other people’s vehicles and court costs. How much coverage you buy is up to you, but consider buying as large an amount as possible.
Uninsured/Underinsured Motorist coverage
This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2020 Chevy Equinox.
Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for EMT expenses, nursing services, rehabilitation expenses and hospital visits. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
What is YOUR best insurance company?
Lower-priced insurance can be found on the web and from local agencies, so you need to shop insurance with both to have the best rate selection. Some insurance companies may not have online quoting and these smaller companies prefer to sell through independent agents.
We covered some good ideas how to reduce 2020 Chevy Equinox insurance prices online. The most important thing to understand is the more price quotes you have, the higher your chance of finding the cheapest insurance. You may even discover the lowest prices come from an unexpected company. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm or Progressive.
Rates by U.S. City
|New York City, NY||$2,139|
|Los Angeles, CA||$2,310|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$99|
|5-yr Claim Free||$87|
|Paid in Full/EFT||$61|
Discounts are estimated and may not be available from every company or in every state.