Lower Your 2016 Chevrolet Equinox Car Insurance Rates

Looking for lower car insurance rates for your Chevrolet Equinox? Are you regretting the purchase of an overpriced car insurance policy? Don’t feel bad because there are lots of residents who feel the same.

Big-name insurance companies like Geico, Progressive and Allstate all promote huge savings with advertising and consumers find it hard to avoid their marketing magic and do the work needed to find the best deal.

If you have car insurance now, you will most likely be able to cut costs considerably using these techniques. Finding affordable coverage is not that difficult. Nevertheless, vehicle owners should learn how companies market insurance on the web because it can help you find the best coverage.

These discounts can lower your insurance rates

Insurance is not inexpensive, but discounts can save money and there are some available that can dramatically reduce your bill. Certain discounts will be applied when you purchase, but some must be manually applied in order for you to get them.

  • Home Ownership Discount – Owning your own home or condo can earn you a little savings due to the fact that maintaining a home is proof of financial responsibility.
  • Driver Safety – Completing a course in driver safety may get you a small discount and easily pay for the cost of the class.
  • Auto/Life Discount – Not all companies offer life insurance, but some may give you a discount if you purchase life insurance.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles have fewer accidents so you can save 10 percent or more.
  • College Student Discount – Older children who are enrolled in higher education away from home without a vehicle on campus may qualify for this discount.
  • Discounts for Responsible Drivers – Drivers who avoid accidents can pay as much as 50% less on Equinox coverage compared to rates paid by drivers with frequent claims.
  • E-sign Discounts – A few companies will provide an incentive for buying your policy on the web.
  • Switch and Save Discount – Some larger companies provide a discount for switching to them early. You can save around 10% with this discount.
  • Policy Bundle Discount – If you can combine your auto and homeowners policy and place coverage with the same company you could earn a discount of at least 10% off all policies.

Don’t be surprised that most of the big mark downs will not be given the the whole policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.

Companies that may offer policyholders some of the discounts shown above include:

If you are trying to find inexpensive insurance quotes, ask every insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not be available in your area. To view companies that offer the discounts shown above, click this link.

Smart consumers can cut their insurance premiums

Consumers need to have an understanding of some of the factors that aid in calculating the level of your policy premiums. If you have a feel for what determines premiums, this enables informed choices that could help you find much lower annual insurance costs.

The list below includes some of the things auto insurance companies consider when setting your rate level.

  • Low credit rating equals high costs – A driver’s credit score is a large factor in determining what you pay. If your credit is low, you could pay less to insure your 2016 Chevrolet Equinox by repairing your credit. Insureds with high credit ratings tend to be better risks to insure than drivers who have poor credit.
  • Keep prices low by being claim-free – If you tend to file frequent claims, don’t be surprised to see much higher rates or policy non-renewal. Insurance companies give most affordable rates to people who are not frequent claim filers. Auto insurance is designed for major claims that would cause financial hardship.
  • Rates may be higher where you live – Choosing to live in less populated areas has it’s advantages when trying to find low car insurance rates. Lower population means a lower chance of having an accident. People in densly populated areas tend to have congested traffic and a longer drive to work. The longer drive time translates into higher accident risk.
  • Gender impacts costs – Statistics demonstrate females are less aggressive when driving. However, don’t assume that females are better drivers. Females and males are in fender benders at about the same rate, but the males tend to have more serious accidents. Men also tend to have more aggressive citations like reckless driving and DUI. Male teenagers have the highest risk to insure and thus pay the highest rates.
  • Optional features that cut premiums – Selecting a car model that has an advanced theft prevention system can save you some money. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart car theft.
  • Teenagers are high risk – Mature drivers are more responsible, tend to cause fewer accidents and are safer drivers.Young drivers have a tendency to be easily distracted behind the wheel so auto insurance rates are higher.
  • Do you have a stressful occupation? – Did you know that where you work can have an impact on rates? Occupations such as judges, social workers and accountants generally have the highest average rates attributed to high stress and long work hours. Other occupations like farmers, athletes and retirees have the lowest average rates on Equinox coverage.
  • Eliminate extra policy coverages – There are a lot of add-on coverages that can waste your money on your Equinox policy. Things like rental car coverage, accident forgiveness, and Farm Bureau memberships may not be needed and are just wasting money. They may sound like good ideas when deciding what coverages you need, but your money might be better spent on other coverage so consider taking them off your policy.

Different people need different insurance coverages

When it comes to buying proper insurance coverage for your vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions may help highlight whether you will benefit from professional help.

  • Is motorclub coverage worth it?
  • Do I need PIP coverage since I have good health insurance?
  • What is covered by UM/UIM coverage?
  • What if I total my 2016 Chevy Equinox and owe more than it’s worth?
  • Should I have a commercial auto policy?
  • How much can I save by bundling my policies?
  • Do I pay less if my vehicle is kept in my garage?
  • Does medical payments coverage apply to all occupants?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Auto insurance coverage information

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages offered by insurance companies.

Coverage for medical payments – Med pay and PIP coverage pay for expenses for things like ambulance fees, dental work, rehabilitation expenses and surgery. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability – This can cover injuries or damage you cause to other people or property. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for claims like repair costs for stationary objects, pain and suffering, funeral expenses, legal defense fees and court costs. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible.

Comprehensive coverages – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like fire damage, damage from getting keyed and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Chevy Equinox.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Collision coverages – Collision insurance will pay to fix damage to your Equinox resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a mailbox, crashing into a ditch and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Be a penny pincher

Cost effective 2016 Chevy Equinox insurance can be bought both online and from local insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance providers do not offer price quotes online and usually these smaller providers provide coverage only through independent insurance agents.

We just covered a lot of information how to save on 2016 Chevy Equinox insurance. The most important thing to understand is the more providers you compare, the better your chances of lowering your premium rates. Consumers could even find that the lowest priced car insurance comes from the least-expected company. They can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, Geico and Nationwide.

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