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.

U.S. average auto insurance rates for a Chevrolet Equinox are $1,340 annually for full coverage insurance. Comprehensive insurance costs on average $272, collision costs $494, and liability coverage costs $416. Liability-only insurance costs as little as $474 a year, with high-risk driver insurance costing $2,904 or more. Teen drivers pay the highest rates at $5,062 a year or more.

Average premium for full coverage: $1,340

Price estimates by individual coverage:

These estimates include $500 policy deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 states and for different Equinox trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a large influence on insurance rates. Rural areas have fewer physical damage claims than larger metro areas.

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

The ranges above illustrate why anyone shopping for car insurance should compare rates based on a specific location and their own personal driving habits, rather than using price averages.

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

Additional Charts and Tables

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

• The lowest rate with discounts is $774
• Drivers who choose higher $1,000 deductibles will pay around $174 each year
• The estimated rate for the average middle-age driver with $500 deductibles is $1,340
• Choosing more expensive low deductibles for comprehensive and collision insurance costs an additional $338 each year
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $2,904 or more
• The price with full coverage for a teenage driver with full coverage may cost $5,062 a year

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Car insurance prices for a Chevrolet Equinox are also quite variable based on the trim level and model year, your risk profile, and policy deductibles and limits.

An older driver with no driving violations and high physical damage deductibles may only pay around $1,300 per year on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they will be charged upwards of $5,000 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are probably paying at a minimum $1,600 to $2,200 extra each year, depending on your age. High-risk driver insurance can cost around 43% to 133% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $520 a year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $375 extra every 12 months. View Rates by Deductible or Liability Limit

The state you live in makes a big difference in Chevrolet Equinox insurance rates. A 40-year-old driver could pay as low as $880 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,810 on average in Michigan, New York, and Florida.

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Since prices can be so different, the only way to figure out exactly what you will pay is to compare prices and see how they stack up. Every company uses a different rate calculation, so rate quotes may be quite different between companies.

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 Buy Cheap Chevrolet Equinox Insurance

Getting lower rates on auto insurance not only requires being a good driver, but also having a good credit score, not filing small claims, and maximizing policy discounts. Set aside time to compare rates every couple of years by obtaining price quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The following list is a brief summary of the material that was covered above.

• Consumers who require an increased level of liability coverage will pay about $460 annually to go from a low limit to higher 250/500 limits
• Drivers age 16 to 20 are expensive to insure, as much as $422 a month if comprehensive and collision insurance is included
• Drivers that tend to have accidents or serious violations may pay on average $1,560 more each year than a safer driver
• Increasing physical damage deductibles could save up to $500 each year

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