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.

Estimated insurance prices for a Chevrolet Equinox are $1,340 every 12 months including full coverage. Comprehensive insurance costs on average $272, collision costs $494, and liability costs $416. Liability-only coverage costs as little as $474 a year, with high-risk coverage costing $2,904 or more. Teenage drivers pay the most at $5,062 a year or more.

Average premium for full coverage: $1,340

Premium estimates by type of coverage:

Estimates include $500 deductibles, 30/60 split liability limits, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 U.S. states and for all Equinox models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can have significant affects on car insurance rates. Rural areas are statistically proven to have more infrequent comprehensive and collision claims than densely populated cities.

The example below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences highlight why everyone should compare rates based on a specific location and their own driving history, instead of using average rates.

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

Rate Comparisons

The chart below breaks down estimated Chevrolet Equinox insurance rates for different risk profiles and scenarios.

• The best discount rate is $774
• Drivers who choose higher $1,000 deductibles will pay around $174 every year
• The average price for a 40-year-old good driver with $500 deductibles is $1,340
• Using pricier low deductibles for comprehensive and collision insurance costs an extra $338 every year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,904 or more
• An auto insurance policy to insure a teen driver for full coverage may cost $5,062 a year

View Chart as Image

Insurance prices for a Chevrolet Equinox also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the trim level of your Equinox.

Using high physical damage deductibles could save up to $520 every year, whereas buying more liability protection will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will cost up to $375 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles may pay as little as $1,300 per year on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers can expect to pay upwards of $5,000 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are likely paying at a minimum $1,600 to $2,200 extra annually, depending on your age. Chevrolet Equinox insurance for high-risk drivers can cost as much as 43% to 133% more than a normal policy. View High Risk Driver Rates

Where you choose to live makes a big difference in Chevrolet Equinox insurance prices. A 40-year-old driver could pay as low as $1,030 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,910 on average in Michigan, New York, and Louisiana.

View Chart as Image

With such a large range in prices, the best way to figure out exactly what you will pay is to regularly compare prices and see which company has the best price. Every company uses a different method to calculate prices, so the prices will be substantially different.

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 Shop for Low Cost Chevrolet Equinox Insurance

Finding better rates on car insurance not only requires not taking risks behind the wheel, but also having good credit, refrain from filing small claims, and bundling your home and auto policies. Set aside time to compare rates at least every other year by requesting rates from direct car insurance companies, and also from your local independent and exclusive agents.

The following is a review of the car insurance concepts covered above.

• Higher risk drivers who have several accidents or serious violations may pay on average $1,560 more each year for Equinox insurance
• You may be able to save as much as $160 per year simply by quoting online well ahead of the renewal date
• Increasing policy deductibles could save as much as $500 each year
• Policyholders who require higher liability limits will pay an extra $460 per year to go from 30/60 bodily injury limits to a 250/500 level

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