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 insurance. Comprehensive costs on average $272 a year, collision costs $494, and liability costs $416. A liability-only policy costs as little as $474 a year, with high-risk insurance costing around $2,904. Teens cost the most to insure at $5,062 a year or more.

Average premium for full coverage: $1,340

Policy rates by type of insurance:

Full coverage includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and Equinox trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on insurance rates. Rural areas are shown to have a lower frequency of physical damage claims than cities with more traffic congestion.

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

The examples above illustrate why it is important to compare rates based on a specific location and risk profile, instead of using averaged prices.

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

More Rate Information

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

• The cheapest rate after discounts is $774
• Drivers who choose higher $1,000 deductibles will pay around $1,166 each year
• The average rate for a good driver age 40 with $500 deductibles is $1,340
• Selecting low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,678
• Higher-risk drivers with serious driving violations could pay upwards of $2,904 or more
• Policy cost for full coverage for a teen driver may cost $5,062 a year

View Chart as Image

Car insurance rates for a Chevrolet Equinox also range considerably based on your risk profile, the model year and trim level, and policy deductibles and limits.

Older drivers 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 much higher for teenagers, where even good drivers will be charged upwards of $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 $880 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,810 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could save up to $520 every year, while buying higher liability limits will cost you more. Switching 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 are probably paying at a minimum $1,600 to $2,200 extra every year, depending on your age. A high-risk auto insurance policy can cost as much as 43% to 133% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out exactly what you will pay is to get quotes and see which company has the best rate. Every company calculates rates differently, 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 More Affordable Chevrolet Equinox Insurance

Finding cheaper rates on car insurance not only requires being safe and accident-free, but also having above-average credit, being claim-free, and maximizing policy discounts. Set aside time to compare rates every other policy renewal by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

Below you'll find a summary of the ideas that were covered above.

• Youthful drivers are expensive to insure, possibly costing $422 each month if full coverage is included
• Higher risk drivers who have multiple accidents or major violations pay an average of $1,560 more each year than a low-risk driver
• Increasing comprehensive and collision deductibles can save around $500 each year
• It is possible to save as much as $160 per year simply by quoting early and online

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