Chevrolet Equinox EV Insurance Rates
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Michelle Robbins
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UPDATED: Mar 28, 2024
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U.S. average insurance rates for a Chevrolet Equinox EV are $1,424 a year for full coverage. Comprehensive costs on average $332 each year, collision costs $536, and liability is estimated at $398. Liability-only insurance costs approximately $460 a year, with high-risk driver insurance costing around $3,064. 16-year-old drivers pay the highest rates at $5,232 a year or more.
Average premium for full coverage: $1,424
Price estimates by individual coverage:
Prices include $500 policy deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all states and Equinox EV models.
Price Range from Low to High
For the average 40-year-old driver, Chevrolet Equinox EV insurance prices go from the low end price of $460 for the bare minimum liability coverage to a high rate of $3,064 for a driver required to buy high-risk insurance.
Geographic Price Range
Living in a larger city can make a big difference on car insurance rates. Rural areas have lower incidents of accident claims than congested cities.
The graphic below illustrates the difference location can make on car insurance rates.
The ranges above show why all drivers should get quotes based on a specific location, instead of making a decision based on rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Information
The chart below shows estimated Chevrolet Equinox EV insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $824
- Choosing higher $1,000 deductibles can save around $198 a year
- The estimated price for the average middle-age driver with $500 deductibles is $1,424
- Buying low deductibles for comp and collision coverage bumps up the cost to $1,804
- Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,064 or more
- The price that insures a 16-year-old driver may cost $5,232 each year
Car insurance prices for a Chevrolet Equinox EV are also quite variable based on the trim level and model year, how you drive, and policy deductibles and limits.
If you have some driving violations or you caused an accident, you could be paying at a minimum $1,700 to $2,300 extra each year, depending on your age. Insurance for high-risk drivers ranges from 44% to 133% more than the average rate. View High Risk Driver Rates
More mature drivers with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,300 annually on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged upwards of $5,200 a year. View Rates by Age
The state you live in plays a big part in determining prices for Chevrolet Equinox EV insurance prices. A good driver about age 40 could pay as low as $940 a year in states like Idaho, Maine, and Iowa, or at least $2,030 on average in Michigan, Louisiana, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,288 | -$136 | -9.6% |
| Alaska | $1,094 | -$330 | -23.2% |
| Arizona | $1,184 | -$240 | -16.9% |
| Arkansas | $1,424 | -$0 | 0.0% |
| California | $1,624 | $200 | 14.0% |
| Colorado | $1,360 | -$64 | -4.5% |
| Connecticut | $1,466 | $42 | 2.9% |
| Delaware | $1,614 | $190 | 13.3% |
| Florida | $1,782 | $358 | 25.1% |
| Georgia | $1,316 | -$108 | -7.6% |
| Hawaii | $1,024 | -$400 | -28.1% |
| Idaho | $964 | -$460 | -32.3% |
| Illinois | $1,064 | -$360 | -25.3% |
| Indiana | $1,072 | -$352 | -24.7% |
| Iowa | $962 | -$462 | -32.4% |
| Kansas | $1,356 | -$68 | -4.8% |
| Kentucky | $1,944 | $520 | 36.5% |
| Louisiana | $2,110 | $686 | 48.2% |
| Maine | $880 | -$544 | -38.2% |
| Maryland | $1,174 | -$250 | -17.6% |
| Massachusetts | $1,140 | -$284 | -19.9% |
| Michigan | $2,476 | $1,052 | 73.9% |
| Minnesota | $1,194 | -$230 | -16.2% |
| Mississippi | $1,708 | $284 | 19.9% |
| Missouri | $1,264 | -$160 | -11.2% |
| Montana | $1,530 | $106 | 7.4% |
| Nebraska | $1,124 | -$300 | -21.1% |
| Nevada | $1,710 | $286 | 20.1% |
| New Hampshire | $1,028 | -$396 | -27.8% |
| New Jersey | $1,594 | $170 | 11.9% |
| New Mexico | $1,264 | -$160 | -11.2% |
| New York | $1,502 | $78 | 5.5% |
| North Carolina | $820 | -$604 | -42.4% |
| North Dakota | $1,168 | -$256 | -18.0% |
| Ohio | $984 | -$440 | -30.9% |
| Oklahoma | $1,464 | $40 | 2.8% |
| Oregon | $1,306 | -$118 | -8.3% |
| Pennsylvania | $1,360 | -$64 | -4.5% |
| Rhode Island | $1,902 | $478 | 33.6% |
| South Carolina | $1,292 | -$132 | -9.3% |
| South Dakota | $1,202 | -$222 | -15.6% |
| Tennessee | $1,248 | -$176 | -12.4% |
| Texas | $1,718 | $294 | 20.6% |
| Utah | $1,056 | -$368 | -25.8% |
| Vermont | $974 | -$450 | -31.6% |
| Virginia | $852 | -$572 | -40.2% |
| Washington | $1,102 | -$322 | -22.6% |
| West Virginia | $1,306 | -$118 | -8.3% |
| Wisconsin | $988 | -$436 | -30.6% |
| Wyoming | $1,270 | -$154 | -10.8% |
Opting for high physical damage deductibles can save as much as $580 annually, whereas increasing liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $358 extra every 12 months. View Rates by Deductible or Liability Limit
Since prices can be so different, the only way to know exactly what you will pay is to do a rate comparison from multiple companies. Each auto insurer utilizes a different rate formula, so rate quotes may be quite different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Equinox EV | $332 | $536 | $398 | $1,424 |
| 2023 Chevrolet Equinox EV | $320 | $524 | $416 | $1,418 |
Rates are averaged for all Chevrolet Equinox EV models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find the Right Chevrolet Equinox EV Insurance
Getting lower rates on insurance for a Chevrolet Equinox EV takes avoiding accidents and claims, having a positive credit history, eliminating unnecessary coverage, and maximizing policy discounts. Comparison shop at every policy renewal by getting quotes from direct carriers, and also from local exclusive and independent agents.
The points below are a quick rundown of the data touched on in this article.
- Insureds who require increased liability limits will pay around $440 each year to raise limits from a low limit to the 250/500 level
- Drivers can save as much as $170 per year simply by quoting online in advance
- Increasing physical damage deductibles can save approximately $575 each year
- Drivers under the age of 20 are expensive to insure, with premiums as much as $436 a month if full coverage is purchased
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,232 |
| 20 | $3,260 |
| 30 | $1,490 |
| 40 | $1,424 |
| 50 | $1,300 |
| 60 | $1,274 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,804 |
| $250 | $1,630 |
| $500 | $1,424 |
| $1,000 | $1,226 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,424 |
| 50/100 | $1,504 |
| 100/300 | $1,603 |
| 250/500 | $1,862 |
| 100 CSL | $1,543 |
| 300 CSL | $1,762 |
| 500 CSL | $1,922 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,466 |
| 20 | $5,176 |
| 30 | $3,134 |
| 40 | $3,064 |
| 50 | $2,920 |
| 60 | $2,894 |
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.
| Discount | Savings |
|---|---|
| Multi-policy | $76 |
| Multi-vehicle | $73 |
| Homeowner | $21 |
| 5-yr Accident Free | $104 |
| 5-yr Claim Free | $91 |
| Paid in Full/EFT | $65 |
| Advance Quote | $69 |
| Online Quote | $101 |
| Total Discounts | $600 |
Discounts are estimated and may not be available from every company or in every state.
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