Finding cheap insurance for a Chevrolet Equinox depends on many rating factors such as age of the vehicle, your credit rating, and citations on your driving record. Drivers will pay on average $1,087 a year for Equinox insurance, but that price is a valuation calculated using a 30-year-old married male driver with full comprehensive and collision coverage and $500 deductibles.
There’s a good chance you are not 30 years old and maybe not even male, maybe you are single instead of married, or maybe you want different physical damage deductibles. There is no perfect policy for every driver, so the way we recommend to find affordable rates for your Chevrolet is to compare rates from as many companies as possible.
Your vehicle’s trim level will influence the cost of coverage, so the rate you pay to insure a Equinox LS 2WD will be $102 lower than the cost to insure the fancier Equinox LTZ AWD model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $248 | $414 | $394 | $24 | $118 | $1,198 | $100 |
| Equinox LT 2WD | $248 | $414 | $394 | $24 | $118 | $1,198 | $100 |
| Equinox LS AWD | $248 | $414 | $394 | $24 | $118 | $1,198 | $100 |
| Equinox LT AWD | $248 | $414 | $394 | $24 | $118 | $1,198 | $100 |
| Equinox LTZ 2WD | $278 | $486 | $394 | $24 | $118 | $1,300 | $108 |
| Equinox LTZ AWD | $278 | $486 | $394 | $24 | $118 | $1,300 | $108 |
| Equinox LTZ AWD | $278 | $486 | $394 | $24 | $118 | $1,300 | $108 |
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rate quotes do not factor in zip code location which can modify insurance rates substantially.
Finding reliable, cost effective insurance is not most people’s favorite thing to do, and finding out which company has the cheapest car insurance rates for a Chevrolet Equinox requires even more shopping around. Each auto insurance company uses their own formula for determining prices, so we need to take a look at the car insurance companies with the overall best prices in Georgia.
It’s a good idea to know that Georgia car insurance rates are determined by lots of factors which can significantly increase or decrease the price you pay for coverage. Simply improving your credit score, buying a different vehicle, or having a fender bender can cause premium changes resulting in some companies being more expensive than before.
Lowest Insurance Price Quotes for Your Equinox
Auto-Owners may offer some of the cheapest car insurance rates in Atlanta at around $855 each year. This is $674 less than the average premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife also qualify as some of the lowest-priced Atlanta, GA car insurance companies.
As shown in the rates above, if you buy coverage from The Hartford and switched to Auto-Owners, you could see savings of in the vicinity of $58. Drivers with USAA might save as much as $113 a year, and Central Mutual insureds might reduce prices by as much as $338 a year.
Understand that those premium estimates are averages for all insureds and vehicles and do not take into consideration an exact location for a Chevrolet Equinox. So the car insurance company that has the lowest price for you may not even be in the top 20 companies in the list above. That point stresses why you need to get rate quotes using your own specific driver and vehicle information.
Full coverage rates vs. liability-only
Paying a lower price for car insurance should be important to most drivers, and an easy way to save on the cost of insurance for a Chevrolet Equinox is to not buy comprehensive and collision coverage. The illustration below shows the difference between premium costs when comparing full coverage to liability only. The data is based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are applied to the premium.
As an average for all age groups, physical damage coverage costs an additional $2,192 per year more than buying just liability insurance. That amount may make you wonder if it’s a good idea to buy full coverage. There is no clear-cut rule for phasing out physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s replacement cost is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,500 after the policy deductible has been paid. If you are paying more than $650 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
Impact of speeding/accidents on Atlanta car insurance rates
The easiest way to enjoy cheap car insurance rates for an Equinox is to be a careful driver and avoid getting tickets or having accidents. The diagram below illustrates how violations and at-fault accidents can raise car insurance costs for each different age category. The rate quotes are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of auto insurance in Georgia per year with no accidents and a clean driving record is $2,281. Factor in two speeding tickets and the average cost jumps to $3,159, an increase of $878 each year. Then include two accidents along with the two speeding tickets and the annual cost of car insurance for a Chevrolet Equinox jumps again to an average of $6,268. That’s an increase of $3,987, or $332 per month, just for a couple of infractions!
How to find budget-friendly auto insurance for a Chevrolet Equinox
The list below details some of the better thrifty ideas that can help Atlanta drivers find cheaper car insurance.
- If possible, pay for small claims out-of-pocket
- Save money by obeying traffic laws and keeping a clean driving record
- Increase the comprehensive and collision deductibles on your policy
- At-fault accidents can raise rates significantly
- Do not insure for full coverage
- Shop around for cheaper prices
The last suggestion is particularly crucial, as was discussed in the prior information. Car insurance prices change a lot, so drivers shouldn’t be reluctant to change to a new company if you can find a cheaper rate. Being loyal to a particular company is commendable, but it’s not a good idea if that dedication is costing big bucks every year. If you have a few minutes, now is a great time to compare prices and find cheaper auto insurance for a Chevrolet Equinox in Atlanta.