Lower Your 2018 Chevrolet Equinox Insurance Cost

Trying to find better car insurance rates for your Chevrolet Equinox? Having to pay for pricey Chevrolet Equinox insurance can dwindle your savings account and force you to make sacrifices. Doing a rate analysis can lower your rates and help to cut your insurance bill.

Insurance companies such as State Farm, Geico and Farmers Insurance increase brand awareness with advertising and it is challenging if not impossible to see past the corporate glitz and take the time to shop coverage around.

Insurance companies offer money-saving discounts

Some companies do not list all disounts in an easy-to-find place, so the following is a list of both the well known and also the more inconspicuous credits that you can use to lower your rates.

  • Homeowners Pay Less – Being a homeowner can earn you a little savings because it demonstrates responsibility.
  • Telematics Discount – Drivers that enable their insurance company to monitor where and when they drive through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if they have good driving habits.
  • Student in College – who attend college more than 100 miles from home and don’t have a car can receive lower rates.
  • Early Renewal Discounts – Select companies give a discount for signing up before your current expiration date. It could save around 10% when you buy auto insurance online.
  • Theft Deterent System – Cars, trucks, and SUVs optioned with advanced anti-theft systems help deter theft and earn discounts up to 10% off your auto insurance quote.
  • No Accidents – Drivers who stay claim-free get the best insurance rates in comparison with insureds who have frequent claims or accidents.
  • Multiple Cars – Having all your vehicles on one policy may reduce the rate for each vehicle.
  • Anti-lock Brake Discount – Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Student Discount for Driver Training – Have your child sucessfully take a drivers education course as it can save substantially.

Don’t be surprised that most discount credits are not given the the whole policy. Most only cut individual premiums such as comp or med pay. If you do the math and it seems like all those discounts means the company will pay you, you’re out of luck.

Popular insurance companies and some of the discounts are:

  • State Farm may have discounts that include Steer Clear safe driver discount, safe vehicle, defensive driving training, Drive Safe & Save, good driver, and good student.
  • Geico may offer discounts for anti-theft, five-year accident-free, seat belt use, multi-vehicle, and emergency military deployment.
  • Allstate offers discounts including EZ pay plan discount, FullPay discount, premier plus, premier discount, and early signing.
  • SAFECO includes discounts for multi-car, teen safety rewards, anti-theft, teen safe driver, anti-lock brakes, safe driver, and bundle discounts.
  • Farm Bureau policyholders can earn discounts including renewal discount, multi-vehicle, youthful driver, safe driver, and multi-policy.
  • Progressive discounts include continuous coverage, multi-vehicle, multi-policy, good student, homeowner, and online signing.
  • AAA offers discounts for multi-car, multi-policy, education and occupation, AAA membership discount, good driver, pay-in-full, and good student.

When getting free auto insurance quotes, it’s a good idea to all the companies which discounts you may be entitled to. Some discounts may not apply in every state. If you would like to choose from a list of insurance companies offering insurance discounts, click this link.

Smart consumers know how to find auto insurance more affordably

Consumers need to have an understanding of some of the things that aid in calculating the level of your policy premiums. When you understand what positively or negatively impacts your premiums, this enables informed choices that will entitle you to cheaper rates.

Listed below are some of the most rate-impacting factors companies use to determine prices.

  • Low stress job equals lower prices – Jobs like fire fighters, social workers and miners are shown to have higher premium rates because of high stress and long work days. Conversely, careers like scientists, historians and homemakers generally pay rates lower than average for Equinox coverage.
  • What are your deductibles? – The deductibles define how much you are willing to pay out-of-pocket before a claim is paid by your company. Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims are colliding with a stationary object, vandalism, and having a roll-over accident. The larger the amount the insured has to pay upfront, the better rate you will receive for Equinox coverage.
  • Experienced drivers save more – Teenage drivers tend to be less responsible when at the wheel of a vehicle so they pay higher auto insurance rates. Older, more experienced drivers are more cautious drivers, cost insurance companies less in claims .
  • Safety ratings are a factor – Safer cars get lower rates. The safest vehicles protect occupants better and lower injury rates translates into savings for insurance companies and lower rates for you. If your Chevy has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Don’t skimp on liability coverage – The liability coverage on your policy will provide protection in the event that you are found to be at fault for causing damage or personal injury in an accident. It provides legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not cut corners here.

Do I just need basic coverages?

When it comes to choosing the right insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions may help highlight whether your personal situation will benefit from professional help.

  • How can I force my company to pay a claim?
  • Does having multiple vehicles earn me a discount?
  • Are there companies who specialize in insuring high-risk drivers?
  • What is high-risk coverage and where do I buy it?
  • Am I covered if hit by an uninsured driver?
  • What exactly is covered by my policy?
  • Should I drop comprehensive coverage on older vehicles?

If you can’t answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Car insurance 101

Knowing the specifics of a car insurance policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types available from car insurance companies.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like fire damage, falling objects, damage from flooding, hitting a bird and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for bills like rehabilitation expenses, EMT expenses and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your Chevy Equinox.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits do not exceed the liability coverage limits.

Collision coverage protection

Collision coverage will pay to fix damage to your Equinox caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as sideswiping another vehicle, hitting a mailbox, driving through your garage door, damaging your car on a curb and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Liability auto insurance

This coverage provides protection from damage that occurs to a person or their property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims like emergency aid, funeral expenses and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Feed the piggy bank

Discount 2018 Chevy Equinox insurance can be bought on the web in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. A few companies may not offer rates over the internet and most of the time these smaller providers provide coverage only through independent agents.

When you buy auto insurance online, don’t be tempted to buy less coverage just to save a little money. In many instances, an insured dropped comprehensive coverage or liability limits and learned later they didn’t purchase enough coverage. Your focus should be to find the BEST coverage for the lowest price, not the least amount of coverage.

Much more information about insurance is available below: