Who Has the Cheapest Insurance for a Chevrolet Equinox in Texas?
When discussing car insurance, the word affordable should never appear as a descriptor for car insurance rates. Regardless, cheap auto insurance for a Chevrolet Equinox is not easy to find. Don’t let that get you down, though, because we will tell you how you can quote auto insurance that is cheaper than what you have now.
Finding cheap car insurance for a Chevrolet Equinox in Texas is dependent upon a pretty complex algorithm that uses a lot of factors such as your age, if you are currently insured, and if your driving record is clean. Drivers pay an average rate of $1,190 every 12 months for Equinox insurance, but that policy rate is an approximation using rating data for a 30-year-old married male who needs comprehensive and collision coverage and $250 physical damage deductibles.
But there is a high likelihood that you are not 30 and maybe not even a male, you might be single instead of married, or maybe you just want liability only. Even a very minor difference in policy rating factors can cause significant differences in the cost of insurance.
Auto insurance is not “one size fits all”, so the most reliable way to find the most affordable coverage for your Chevrolet is to compare as many rates as possible.
The trim level of your vehicle impacts the annual cost of coverage, so the price to insure a Equinox LS 2WD trim level will be $126 cheaper than the cost to insure the more expensive Equinox LTZ AWD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$294||$496||$382||$22||$114||$1,308||$109|
|Equinox LT 2WD||$294||$496||$382||$22||$114||$1,308||$109|
|Equinox LS AWD||$294||$496||$382||$22||$114||$1,308||$109|
|Equinox LT AWD||$294||$496||$382||$22||$114||$1,308||$109|
|Equinox LTZ 2WD||$332||$584||$382||$22||$114||$1,434||$120|
|Equinox LTZ AWD||$332||$584||$382||$22||$114||$1,434||$120|
|Equinox LTZ AWD||$332||$584||$382||$22||$114||$1,434||$120|
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in garaging location in Texas which can modify insurance rates greatly.
Choosing the best company can be a challenge considering how many companies sell coverage in Texas. The company rank data displayed below can help you pick which coverage providers you want to consider when shopping insurance around for a Chevrolet Equinox. These ratings are only comprised of the largest auto insurers in America, so companies that have a smaller presence will not be included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The chart below highlights how deductible choice can change insurance costs when quoting cheap insurance for a Chevrolet Equinox. The premiums are based on a single female driver, comp and collision included, and no discounts are applied.
In the chart above, a 50-year-old driver could cut expenses by $362 a year by changing from a $100 deductible to a $500 deductible, or save $546 by using a $1,000 deductible. Younger drivers, such as the Age 20 example, could drop their prices up to $920 every year just by choosing larger deductibles.
If you do make the decision to raise your deductibles, it is important to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Irresponsible driving raises your rates
The ideal way to find the cheapest insurance for a Chevrolet Equinox in Texas is to drive attentively and avoid accidents and keep your driving record clean. The chart below demonstrates how speeding tickets and fender-benders influence auto insurance rates for each different age category. Data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of a car insurance policy in Texas per year with no violations or accidents is $1,809. Receive two speeding tickets and the average cost hikes up to $2,491, an increase of $683 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Chevrolet Equinox increases to an average of $5,156. That’s an increase of $3,348, or $279 per month, just for not being a responsible driver!
Find the cheapest insurance for a Chevrolet Equinox in Texas
It’s not impossible to find cheaper rates, and here are some money-saving ideas that can help drivers find the cheapest car insurance.
- Do not pay for full coverage on older vehicles
- Prevent price hikes by avoiding at-fault accidents
- Safer vehicles generally have cheaper insurance rates
- Ensure your driving record is clean
- Higher deductibles mean lower rates
- Good credit can help you save money
- Compare rate quotes often
The last suggestion is very crucial, as we emphasized in this article. Prices charged by car insurance companies change a lot, so don’t be afraid to buy from a new company if a cheaper rate is available. Many drivers have brand loyalty and that’s fine, but it’s not recommended if that devotion results in you overpaying lots of money. In less than five minutes you could compare prices to find cheaper auto insurance for a Chevrolet Equinox.
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