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 with full coverage. Comprehensive costs an estimated $272 each year, collision costs $494, and liability is $416. A liability-only policy costs around $474 a year, with high-risk insurance costing around $2,904. Teenage drivers cost the most to insure at $5,062 a year or more.

Average premium for full coverage: $1,340

Policy rates broken down by type of insurance:

Estimates include $500 policy deductibles, liability coverage up to 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and Equinox models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can have significant affects on car insurance rates. More rural locations are shown to have a lower frequency of collision claims than densely populated cities.

The graphic below illustrates the difference between rural and urban areas on insurance prices.

The examples above demonstrate why all drivers should compare rates quotes for a targeted area and risk profile, instead of using average rates.

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

Rate Comparisons

The chart below details estimated Chevrolet Equinox insurance rates for other coverage scenarios.

• The best discount rate is $774
• Raising to $1,000 deductibles will save approximately $174 annually
• The average rate for a good driver age 40 who has $500 deductibles is $1,340
• Using low deductibles will increase the cost to $1,678
• At-risk drivers who are prone to accidents and violations could pay up to $2,904 or more
• Policy cost for full coverage for a teen driver can cost as much as $5,062

View Chart as Image

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

More mature drivers with no driving violations and high deductibles may pay as little as $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will be charged at least $5,000 a year. View Rates by Age

Your home state also has a big influence on Chevrolet Equinox insurance prices. A middle-age driver might find rates as low as $970 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,810 on average in New York, Michigan, and Florida.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $520 every year, whereas increasing liability limits will increase premiums. Moving 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 may be forking out $1,600 to $2,200 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 43% to 133% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to find out which auto insurance is cheapest is to do a rate comparison and see which company has the best rate. Every auto insurance company uses a different method to calculate rates, 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 Low Cost Chevrolet Equinox Insurance

Finding cheaper rates on car insurance consists of being safe and accident-free, having above-average credit, not filing small claims, and not having any coverage lapses. Set aside time to compare rates every time your policy renews by requesting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

Below you'll find a review of the information covered above.

• You may be able to save approximately $160 per year simply by quoting online in advance
• Youthful drivers have the highest car insurance rates, as much as $422 each month if full coverage is included
• Increasing comprehensive and collision deductibles can save around $500 each year
• Higher risk drivers who have several accidents or serious violations may pay on average $1,560 more annually than a low-risk driver
• Policyholders who want more liability protection will pay an extra $460 every year to raise from a 30/60 limit to 250/500 limits

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