Buying economical auto insurance for a Chevrolet Equinox is pretty easy for most people, but it is dependent upon a complicated rating formula that uses factors such as annual vehicle mileage, your occupation, and citations or violations on your driving record. Drivers pay around $991 a year to insure their Equinox, but that cost is an approximation calculated based on a 50-year-old single male driver with full coverage and $250 deductibles.
There's a high likelihood you are not 50 and maybe not even a male, maybe you are married instead of single, and you might want liability-only or different deductibles. Having what appears to be a very minor change in the rating criteria used to formulate rates can result in a large change in rates.
This example demonstrates why the best way to find cheap insurance rates for your Chevrolet is to do your own rate comparisons. It only takes a few minutes and you will be able to compare rates from some of the best companies that sell coverage in Nevada.
The trim level of your vehicle will have an impact the annual cost of coverage, so the rate you pay to insure a Equinox LS 2WD model will be $100 less than the price to insure the more costly Equinox LTZ AWD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$204||$414||$348||$20||$104||$1,090||$91|
|Equinox LT 2WD||$204||$414||$348||$20||$104||$1,090||$91|
|Equinox LS AWD||$204||$414||$348||$20||$104||$1,090||$91|
|Equinox LT AWD||$204||$414||$348||$20||$104||$1,090||$91|
|Equinox LTZ 2WD||$232||$486||$348||$20||$104||$1,190||$99|
|Equinox LTZ AWD||$232||$486||$348||$20||$104||$1,190||$99|
|Equinox LTZ AWD||$232||$486||$348||$20||$104||$1,190||$99|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can impact rates considerably.
Buying coverage from the right company can be rather challenging considering how many different companies there are to choose from in Nevada. The ranking information below may help you analyze which car insurance providers you want to consider when comparing rate quotes.
The ratings below include companies with a national presence, so companies without a large exposure are not taken into consideration for these rankings. If you would like to check rates from these companies and more, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Discount Nevada insurance rates
Insurers that sell policies for a Chevrolet Equinox may additionally offer premium discounts that could lower prices by as much as 40% or more if you qualify. A list of car insurance companies and a selection of discounts are outlined below.
- Mercury Insurance includes discounts for annual mileage, accident-free, low natural disaster claims, multi-policy, professional/association, multi-car, and ease of repair.
- Farmers Insurance offers discounts including teen driver, switch companies, business and professional, distant student, and multi-car.
- Farm Bureau policyholders can earn discounts including renewal discount, good student, multi-vehicle, driver training, multi-policy, and youthful driver.
- State Farm offers premium reductions for Steer Clear safe driver discount, good driver, passive restraint, multiple policy, accident-free, safe vehicle, and driver's education.
- Allstate may offer discounts for multi-policy, teenSMART discount, defensive driver, anti-lock brakes, and anti-theft.
- GEICO discounts include anti-theft, membership and employees, anti-lock brakes, emergency military deployment, and multi-vehicle.
The example below illustrates the comparison of premium costs with and without discounts applied. The price estimates are based on a female driver, no claims or driving violations, Nevada state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with marriage, multiple policy, passive restraint, accident-free, defensive driving course, and anti-theft discounts applied. When taking advantage of discounts, the average amount saved each year on car insurance for a Chevrolet Equinox is 28% or $435.
Your cheap Equinox insurance may actually be overpriced
Nevada car insurance rates are calculated based on many things which can substantially decrease or increase the cost of your policy. Simply getting older, buying another vehicle, or getting a reckless driving citation may cause policy rate changes that may make certain companies cheaper than competitors. And not only may your rating factors change, but insurers file new rates at least once a year to adjust for unexpected claims or profits. Significantly higher claims may cause higher priced premiums, while lower claim expenses may cause cheaper Equinox insurance rates.
To help illustrate this point, the bar chart below compares the cheapest car insurance in Nevada for a 40-year-old female driver with no accidents or violations, and a good credit rating. If we estimate rates based on her current rating profile, Travelers has the lowest car insurance rates in Nevada at $912 annually. This is $662 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, American Family, and Oregon Mutual are also on the list of the cheapest Nevada auto insurance companies.
Let's now give the driver from the above example a chargeable accident, poor credit, and a few traffic violations. Due to the fact that each insurance company has a different process to set their prices, analyzing rate quotes most likely will result in a different set of affordable Nevada car insurance companies as shown below.
Allied now has the lowest car insurance rate in Nevada with GEICO, Nationwide, USAA, and Safeco completing the list. This example demonstrates why it is so important to shop around when trying to find the cheapest insurance rates for a Chevrolet Equinox.
Insurance rates are calculated by many risk factors and change frequently, so the best company six months ago may now be costing you a lot of money.
How to find budget-friendly auto insurance for a Chevrolet Equinox
The list below shows some of the better thrifty ideas that can help you buy cheaper coverage.
- Do not get into accidents that are your fault
- Bundle car and home insurance and save money
- Full coverage may not be needed on older vehicles
- Lower rates by purchasing a safer vehicle
- Good credit can help you save money
- Shop around once a year for cheaper rates
The last tip is very significant, as we noted in this article. Prices can change in a short period of time, so you should be ready to switch to a new company if a more affordable rate is found.
Many drivers prefer to stick with one company, but it's not recommended if it's costing you lots of money. In just a few minutes you could compare rates and find cheaper insurance for a Chevrolet Equinox.