Compare 2012 Chevrolet Equinox Car Insurance Quotes

Wish you could get out of high-priced insurance coverage? It’s a common feeling and many consumers are feeling buyer’s remorse and feel like there’s no way out. You have multiple insurance companies to insure vehicles with, and although it’s a good thing to have multiple companies, more options can take longer to adequately compare rates.

Take advantage of every insurance discount

Insurance is expensive, but you might already qualify for some discounts that many people don’t even know exist. A few discounts will automatically apply when you purchase, but some need to be inquired about before being credited.

  • Defensive Driver – Passing a class that teaches driver safety techniques could cut 5% off your bill if your company offers it.
  • Pay Now and Pay Less – If you pay your bill all at once as opposed to paying monthly you could save 5% or more.
  • Include Life Insurance and Save – Some insurance companies give a discounted rate on car insurance if you buy auto and life insurance together.
  • Accident Waiver – Not really a discount, but companies like Allstate and Progressive may permit one accident before raising your premiums if you have no claims for a certain period of time.
  • Federal Employees – Being employed by or retired from a federal job could qualify for a slight premium decrease on Equinox insurance with some insurance companies.
  • College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from home without a vehicle on campus may be insured at a cheaper rate.

As a footnote on discounts, most credits do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it appears all those discounts means the company will pay you, it’s just not the way it works.

Popular insurance companies and some of the premium reductions they offer are detailed below.

  • State Farm has discounts for driver’s education, student away at school, good driver, multiple policy, accident-free, and Steer Clear safe driver discount.
  • Farmers Insurance may offer discounts for bundle discounts, alternative fuel, teen driver, pay in full, switch companies, and distant student.
  • Geico may have discounts that include anti-lock brakes, driver training, anti-theft, daytime running lights, and military active duty.
  • American Family discounts include multi-vehicle, air bags, good student, accident-free, and defensive driver.
  • Nationwide may include discounts for easy pay, business or organization, accident-free, Farm Bureau membership, family plan, and multi-policy.
  • Progressive offers premium reductions for online signing, multi-policy, multi-vehicle, online quote discount, continuous coverage, homeowner, and good student.

When getting free insurance coverage quotes, it’s a good idea to every prospective company to apply every possible discount. Some discounts listed above might not apply in your area. To see companies that have a full spectrum of discounts, follow this link.

How to shop insurance coverage online

Comparing insurance coverage rates can be exhausting if you don’t understand the fastest way to get free quotes. You could waste a few hours discussing policy coverages with local insurance agents in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Many of the larger companies participate in a marketplace that enables customers to only type in their quote data once, and each company can provide price quotes based on that data. This prevents consumers from doing quotation requests for each company.

To compare rates now click here to open in new window.

The only downside to doing it this way is you don’t know exactly which carriers you will receive quotes from. If you would rather choose specific providers to receive pricing from, we have a listing of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

Whichever way you choose to compare rates, make sure you are using the same quote information on every quote. If you enter differing limits then you won’t be able to determine which company has the best rates.

Why you might pay lower rates

Many different elements are part of the equation when premium rates are determined. Some of the criteria are obvious such as your driving history, but others are not as apparent such as your marital status or your vehicle rating.It’s important that you understand a few of the rating criteria that come into play when calculating the price you pay for insurance coverage. If you understand what influences your rates, this empowers consumers to make smart changes that could result in better insurance coverage rates.

The items below are some of the major factors that factor into prices.

  • How’s your driving record? – Drivers with clean records have lower premiums compared to drivers with tickets. Even a single speeding ticket can boost insurance rates to the point where it’s not affordable. Drivers unfortunate enough to have serious citations like hit and run, DWI or reckless driving convictions may need to prove financial responsibility with their state in order to continue driving.
  • Alarm systems save money – Choosing to buy a car that has an advanced theft prevention system can save you a little every year. Advanced theft deterrents like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft.
  • Little extras can really add up – There are a ton of extra bells and whistles that can add up when buying insurance coverage. Add-on coverages like rental car coverage, accidental death, and extra equipment coverage are probably not needed. The coverages may be enticing when discussing your needs, but if you have no use for them eliminate the coverages to reduce your premium.
  • Get better rates if married – Having a wife or husband can actually save you money compared to being single. Having a significant other demonstrates that you tend to be more mature it has been statistically shown that drivers who are married file infrequent claims.
  • Lower premiums for safer vehicles – Safe vehicles get lower rates. Vehicles engineered for safety reduce the chance of injuries and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders. If your Chevy is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Teenage drivers cost more – More experienced drivers are more cautious drivers, tend to file fewer claims , and are generally more financially stable.Beginning drivers are statistically proven to be more careless behind the wheel so they pay higher insurance coverage rates.
  • High comp and collision deductibles reduce rates – The deductibles you choose tell how much you are willing to pay before your insurance coverage pays a claim. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some examples of covered claims are colliding with a stationary object, animal collisions, or theft of your vehicle. The larger the amount you pay before a claim is paid (deductible), the less money you will pay for insurance coverage on Equinox insurance.

How to know if you need help

When it comes to choosing proper insurance coverage for your vehicles, there is no “best” method to buy coverage. Each situation is unique so your insurance should reflect that These are some specific questions might help in determining if your situation will benefit from professional help.

  • Will my insurance pay for OEM parts?
  • How high should deductibles be on a 2012 Chevy Equinox?
  • When would I need additional glass coverage?
  • Am I covered when delivering products for my home-based business?
  • Will my rates increase for filing one claim?
  • Should I get collision insurance on every vehicle?
  • Is my nanny covered when driving my vehicle?
  • Can I get a multi-policy discount?
  • Can I rate high risk drivers on liability-only vehicles?
  • Does my insurance cover my expensive audio equipment?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Why you might not save $461 a year

Consumers constantly see and hear ads that promise big savings for switching by companies like State Farm and Allstate. All the companies state the claim about savings if you get a free insurance coverage quote and switch your insurance policy to them.

How can each company have lower policy pricing? You have to listen carefully.

Insurance providers are able to cherry pick for the type of insured that will generate a profit. For instance, a desirable risk should be over age 30, has a low-risk occupation, and drives less than 7,500 miles a year. Anyone who fits that profile will probably get cheap car insurance rates and will most likely save when switching.

Insureds who don’t measure up to those standards will be quoted a higher premium which usually ends up with the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everyone who quotes” will save that much if they switch. That’s the way companies can truthfully advertise the savings. This emphasizes why it is so important to get a wide range of price quotes. It is impossible to predict with any certainty which company will fit you best based on your risk profile.

Parts of your car insurance policy

Having a good grasp of your policy can help you determine the right coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types offered by car insurance companies.

Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as damage to your Chevy Equinox.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Comprehensive coverage (or Other than Collision) – This pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like fire damage, a tree branch falling on your vehicle, damage from flooding, a broken windshield and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability coverages – Liability insurance can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage protects against claims such as bail bonds, medical services, court costs, repair costs for stationary objects and funeral expenses. How much coverage you buy is up to you, but consider buying as much as you can afford.

Collision coverage – This pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as scraping a guard rail, backing into a parked car and hitting a mailbox. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for immediate expenses such as funeral costs, X-ray expenses, EMT expenses, chiropractic care and hospital visits. They are often used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

A penny earned…

In this article, we presented many tips how you can get a better price on 2012 Chevy Equinox insurance. The key thing to remember is the more times you quote, the higher your chance of finding cheap insurance coverage. You may even find the lowest prices are with a company that doesn’t do a lot of advertising. Some small companies can often insure niche markets at a lower cost compared to the large companies like Allstate and Progressive.

While you’re price shopping online, it’s very important that you do not skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that it was a big error on their part. The proper strategy is to buy the best coverage you can find for the lowest price.

Budget-friendly insurance coverage can be sourced from both online companies in addition to local insurance agencies, and you need to price shop both to have the best rate selection. Some insurance providers may not have online quoting and most of the time these small insurance companies only sell coverage through independent agents.

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