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 prices for a Chevrolet Equinox are $1,340 every 12 months with full coverage. Comprehensive insurance costs on average $272 each year, collision costs $494, and liability costs $416. Buying just liability costs as little as $474 a year, with insurance for high-risk drivers costing $2,904 or more. Teenage drivers 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:

Rate estimates include $500 deductible amounts, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all U.S. states and Equinox models.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on auto insurance rates. Rural areas are shown to have more infrequent collision claims than densely populated cities.

The graphic below illustrates the effect of geographic area on car insurance rates.

The examples above demonstrate why all drivers should compare rates based on a specific location and their own driving history, instead of making a decision based on average rates.

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

Rates by State, City, and Model

The chart below details 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 annually
• The average price for a good driver age 40 with $500 deductibles is $1,340
• Using low deductibles for comprehensive and collision insurance costs an extra $338 annually
• Drivers who are prone to accidents and violations could pay upwards of $2,904 or more
• Policy cost to insure a 16-year-old driver may cost $5,062 a year

View Chart as Image

Insurance rates for a Chevrolet Equinox also range considerably based on liability limits and deductibles, your driving record, and the trim level of your Equinox.

Using high physical damage deductibles could save up to $520 annually, whereas increasing liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $375 more per year. View Rates by Deductible or Liability Limit

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

If you have a few points on your driving record or you were responsible for an accident, you may be forking out at a minimum $1,600 to $2,200 extra every year, depending on your age. Insurance for high-risk drivers can cost from 43% to 133% more than a normal policy. View High Risk Driver Rates

Your home state makes a big difference in Chevrolet Equinox insurance prices. A 40-year-old driver could pay as low as $970 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,810 on average in Florida, Michigan, and New York.

View Chart as Image

Because rates have so much variability, the best way to find out exactly what you will pay is to do a rate comparison from multiple companies. Every company uses a different method to calculate rates, so the rates will be varied.

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 the Best Chevrolet Equinox Insurance

Finding cheaper rates on insurance for a Chevrolet Equinox not only requires having a good driving record, but also having good credit, not filing small claims, and bundling your home and auto policies. Take the time to compare rates every time your policy renews by getting rate quotes from direct companies, and also from local exclusive and independent agents.

The next list is a brief recap of the information covered in the above illustrations.

• You may be able to save as much as $160 per year simply by quoting online in advance
• Drivers age 20 and younger pay the highest rates, as much as $422 each month if they have full coverage
• Increasing comprehensive and collision deductibles could save as much as $500 each year
• Drivers considered higher risk who tend to receive serious violations may pay on average $1,560 more each year to buy Chevrolet Equinox insurance
• Insureds who require increased levels of liability coverage will pay an extra $460 every year to go from a 30/60 limit 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