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Cheapest Insurance Quotes for a Chevrolet Equinox in Michigan

Enter your Michigan Auto Insurance zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 14, 2019

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The chances that you’ll find cheaper auto insurance for a Chevrolet Equinox in Michigan depends on a very complex rating algorithm that uses multiple factors such as the age of the Equinox, your residence address, and whether or not you are a good driver. Michigan drivers pay approximately $1,740 a year to buy Chevrolet Equinox insurance, but that price is based upon a 50-year-old single male that purchased full coverage including both comprehensive and collision and $1,000 physical damage deductibles.

There is a really good chance that you are not a 50-year-old male, you might be married instead of single, and you might want liability-only or different deductibles. Having just a slight change in rating variables or coverage information can induce significant differences in the coverage rate.

Auto insurance is unique to each driver, so the best way to find cheap insurance prices for your Chevrolet is to do a thorough rate comparison.

Enter your zip code below to view companies that have cheap auto insurance rates.

The trim level of your vehicle will be a contributing factor to the coverage cost, so the price you will pay to insure a Equinox LS 2WD trim level will be $140 less expensive the cost to insure the more well-appointed Equinox LTZ AWD trim level, as shown in the table below.

Chevrolet Equinox Insurance Rates in Michigan
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $284 $582 $780 $46 $234 $1,926 $161
Equinox LT 2WD $284 $582 $780 $46 $234 $1,926 $161
Equinox LS AWD $284 $582 $780 $46 $234 $1,926 $161
Equinox LT AWD $284 $582 $780 $46 $234 $1,926 $161
Equinox LTZ 2WD $320 $686 $780 $46 $234 $2,066 $172
Equinox LTZ AWD $320 $686 $780 $46 $234 $2,066 $172
Equinox LTZ AWD $320 $686 $780 $46 $234 $2,066 $172
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in specific Michigan garaging location which can modify auto insurance rates greatly.

Finding affordable insurance is not the easiest thing to do, and figuring out which companies quote the best car insurance rates for a Chevrolet Equinox may require a little more work.

Each auto insurer uses their own calculation for determining rates in each state, so let’s begin by examining the most competitive car insurance companies in Michigan.

Enter your zip code below to view companies that have cheap auto insurance rates.

Cheapest auto insurance in Michigan ranked by cost per year
Rank Company Cost Per Year
1 USAA $949
2 GEICO $993
3 Safeco $1,079
4 MetLife $1,364
5 Chubb $1,414
6 MEEMIC $1,436
7 Pioneer State Mutual $1,444
8 Auto-Owners $1,636
9 Hastings Mutual $1,643
10 Frankenmuth $1,713
11 SECURA $1,796
12 Progressive $1,923
13 Wolverine Mutual $2,191
14 Allied $2,240
15 Grange Mutual $2,345
16 Allmerica $2,362
17 Hanover $2,399
18 Auto Club Group $2,416
19 Farm Bureau $2,573
20 Nationwide $2,618
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USAA may offer some of the most affordable car insurance rates in Michigan at around $949 per year. GEICO, Safeco, MetLife, and Chubb are also some of the best Michigan auto insurance companies.

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Enter your zip code below to view companies that have cheap auto insurance rates.

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As the example above demonstrates, if you are currently insured with MetLife and switched to GEICO, you might realize annual savings of roughly $371. Michigan drivers with Chubb might save as much as $421 a year, and MEEMIC customers might see rate reductions of $443 a year.

Bear in mind that those estimates are averages across all ages of drivers and types of vehicles and and are not figured with a specific rate value for a Chevrolet Equinox. So the insurer that has the lowest price for you may not even be in the above rate chart. That’s why you need to quote rates from many companies using your own driver and vehicle profiles.

Enter your zip code below to view companies that have cheap auto insurance rates.

The information below illustrates how choosing a deductible can affect yearly insurance costs when quoting cheap insurance for a Chevrolet Equinox. The price estimates are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

A 30-year-old driver could lower rates by $762 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $1,150 by selecting a $1,000 deductible. Younger drivers, like the Age 20 category, could reduce their rates up to $1,630 every year by selecting a higher deductible.

When increasing deductibles, it is essential to have enough spare savings to allow you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Can you find cheaper Equinox insurance?

Michigan car insurance rates are influenced by many factors which can significantly increase or decrease your annual premium. Simply having another birthday, buying a different home, or getting a DUI may prompt premium changes that can cause some rates to be more affordable than others. Also, insurance companies file new rates multiple times each year to adjust for heavy claims or excess profits. Heavier than normal losses may cause additional premium costs, while better underwriting may result in more affordable Equinox insurance rates.

For example, the chart below shows rates for the cheapest car insurance in Michigan for a 30-year-old female driver with no violations or accidents, and good financial standing. If we estimate rates based on her current rating profile, USAA might offer the cheapest car insurance rates in Michigan at $949 annually. This is $1,444 less than the average rate paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb are the rest of the top five cheapest Michigan auto insurance companies.

In the next rate comparison, we’ll give the driver from above a chargeable claim, poor credit, and an imperfect driving record. Due to the fact that each insurance company has a proprietary formula for determining prices, analyzing rate quotes most likely will result in a completely different list of cheap Michigan auto insurance companies as shown below.

Pioneer State Mutual now has the best insurance rate in Michigan with Safeco, GEICO, Hastings Mutual, and Frankenmuth now rounding out the top five. This illustrates why consumers need to compare lots of rates when trying to get cheap car insurance quotes for a Chevrolet Equinox.

Insurance rates can be determined by many things and can change substantially, so the most economical option when you last compared rates may now be quite expensive.

Find the cheapest insurance for a Chevrolet Equinox in Michigan

Here are many penny-pinching solutions that can help drivers buy cheap coverage.

  • Pay for small claims rather than turning them in to your insurance company
  • Bundle home and auto and earn a discount
  • Prevent price hikes by avoiding at-fault accidents
  • Avoid getting citations and tickets
  • Increase your policy deductibles
  • Drivers with good credit often pay less
  • Comparison shop at least every other year

That last tip is incredibly vital, as was pointed out in this article. Auto insurance prices in Michigan fluctuate constantly, so drivers shouldn’t be reluctant to switch carriers if a cheaper rate is available. Sticking with a specific company is fine, but we do not recommend it if that stubbornness costs you several hundred dollars every year. It only takes a couple minutes to compare prices and find cheaper auto insurance for a Chevrolet Equinox.

Best cheap Chevrolet Equinox insurance quotes

Drivers have a lot of ways to shop around for car insurance in Michigan, but the three most common are through a non-exclusive or independent agent, an exclusive insurance agent like Auto-Owners or State Farm, or direct from companies such as Geico or Progressive.

All three ways can provide car insurance quotes, but they differ slightly in how they provide rate quotes.

Independent agents work with multiple companies and can compare rates with all of them. They can provide multiple price quotes, which can help you get the best chance of finding a lower price. If you want to switch companies, it’s simple to move the policy which prevents you from having to find a new agency.

An exclusive ageny is only able to place business with a single insurance company, a couple examples are a Liberty Mutual or State Farm agent. Exclusive agents cannot give you multiple price quotes, so drivers will want to get other quotes as well.

The third way to buy car insurance is direct which means you do not use a local agent and instead buy from a direct company like Progressive. Buying direct may be good for consumers who do not have complex finances and have a decent understanding of the exclusions of a policy.

Which way is best to buy the cheapest insurance for a Chevrolet Equinox in Michigan? One answer would be shopping direct saves the most money since that eliminates agent commissions, but that turns out to not be true. It could also be said buying car insurance from an independent agent results in the best rates due to more options, but that idea is not necessarily true either. In many circumstances, the exclusive agents may have prices that are the cheapest in Michigan.

Because there is so much variation in car insurance prices, the one way to ensure you are not overpaying is to get quotes and compare. It’s a good idea to get price quotes from all three in order to have enough rates to compare. A great place to start is our list of online companies offering discounts: click here to view.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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