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 insurance costs around $272, collision costs $494, and liability costs $416. A liability-only policy costs as little as $474 a year, with high-risk insurance costing $2,904 or more. Teen 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:

Price estimates include $500 policy deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and for all Equinox models.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on auto insurance rates. Areas with sparse population are shown to have a lower frequency of accident claims than larger metro areas.

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

The examples above show why everyone should compare rates for a specific zip code and risk profile, instead of using price averages.

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

Additional Rate Details

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

• The lowest rate with discounts 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
• Choosing pricier low deductibles for comprehensive and collision insurance will cost an extra $338 every year
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $2,904 or more
• Policy cost for full coverage for a teen driver for full coverage can be $5,062 a year

View Chart as Image

Car 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.

A more mature driver with no driving violations and high deductibles may pay as little as $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged 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 as much as $1,910 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could save up to $520 every year, whereas buying more liability protection will increase rates. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $375 extra every 12 months. 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 extra every year, depending on your age. Chevrolet Equinox insurance for high-risk drivers can cost as much as 43% to 133% more than average. View High Risk Driver Rates

Because rates have so much variability, the only way to know your exact price is to regularly compare rates and see which company has the best rate. Every company uses a different rate calculation, so rate quotes 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 Cheaper Chevrolet Equinox Insurance

Finding cheaper rates on car insurance not only requires avoiding accidents and claims, but also having above-average credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Take the time to compare rates every couple of years by getting rate quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The points below are a condensed summary of the material that was covered in the above illustrations.

• Policyholders who may need increased liability limits will pay about $460 each year to go from a 30/60 limit to 250/500 limits
• Drivers under the age of 20 are the costliest to insure, costing up to $422 each month if full coverage is included
• Higher risk drivers with multiple at-fault accidents may be required to pay an average of $1,560 more every year to insure a Chevrolet Equinox
• Increasing comprehensive and collision deductibles can save around $500 each year

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