Lower Your 2005 Chevrolet Equinox Insurance Cost

Trying to find lower auto insurance rates for your Chevrolet Equinox? Are you confused by the crazy number of auto insurance choices? Lot’s of other consumers are too. You have so many choices that it can be more work than you anticipated to find the perfect company for you.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have car insurance now, you will most likely be able to reduce your rates substantially using this information. But consumers must learn how big insurance companies price insurance differently and take advantage of how the system works.

Why your Chevy Equinox insurance rates may be high

An important part of buying insurance is that you know the different types of things that come into play when calculating the rates you pay for car insurance. Knowing what impacts premium levels allows you to make educated decisions that could result in big savings.

The list below includes some of the factors companies use to determine premiums.

  • Safe vehicles cost less to insure – Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles protect occupants better and fewer injuries translates into savings for insurance companies passed on to you as lower rates. If your Chevy has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Lower rates come with age – Teenage drivers are known to be careless and easily distracted when behind the wheel so car insurance rates are higher. Older insureds are more cautious drivers, file fewer claims and tend to be better behind the wheel.
  • Battle of the sexes – The statistics show that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. They both cause accidents at about the same rate, but the male of the species cause more damage. Men also tend to have more aggressive citations like reckless driving and DUI. Youthful male drivers are the most expensive to insure and are penalized with high car insurance rates.
  • A clean driving record saves money – Your driving citation history has a big impact on rates. Drivers with clean records have lower premiums than people who have multiple driving citations. Only having one ticket may increase your cost by twenty percent. Drivers who have severe citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state motor vehicle department in order to drive a vehicle legally.
  • Rate your vehicle for proper use – The more you drive each year the more you will pay for car insurance. Most insurance companies charge to insure your cars determined by how the vehicle is used. Cars and trucks used primarily for pleasure use qualify for better rates compared to those used for work or business. Improper usage on your Equinox can result in significantly higher rates. Double check that your car insurance policy is showing the correct driver usage.
  • Multi-policy discounts can save money – The majority of insurers provide better rates to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. Even if you’re getting this discount you still need to compare other company rates to verify if the discount is saving money.
  • Adjust deductibles and save – The deductibles represent how much money you are required to spend out-of-pocket in the event of a claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of covered claims are colliding with a building, vandalism, and windstorm damage. The more expense you’re willing to pay, the less your company will charge you for insurance for Equinox coverage.

How to Compare Insurance Costs

Most major insurance companies allow you to get prices online. The process is quite easy as you simply type in the coverage amounts you desire into a form. Once entered, their rating system obtains your driving record and credit report and returns pricing information based on these and other factors.

Quoting online helps simplify price comparisons, but the time required to go to multiple sites and type in the same information is not the best way to spend an afternoon. But it’s absolutely necessary to get many rate quotes in order to find a lower rate.

An easier way to find better insurance pricing uses one form that gets prices from many companies. The form is fast, requires much less work on your part, and makes price shopping online much easier. After your information is entered, it is rated and you can select any of the price quotes you receive. If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. It can be completed in a matter of minutes and you will know how your current rates stack up.

To get comparison pricing now, click here and enter your vehicle and coverage information. If you currently have coverage, we recommend you type in the limits and deductibles as shown on your current policy. This guarantees you will have a rate comparison using the same coverage and limits.

Are you falling for claims of savings?

Companies like Geico, State Farm and Progressive continually stream ads on television and other media. All the ads say the same thing of big savings after switching your policy. How can each company claim to save you money?

Insurance companies are able to cherry pick for the driver that earns them a profit. A good example of a desirable insured could be between the ages of 40 and 55, a clean driving record, and drives less than 10,000 miles a year. Any new insured who matches those parameters is entitled to the best price and therefore will save when they switch companies.

Drivers who don’t meet these standards must pay higher premiums and ends up with the customer not buying. The ad wording is “customers who switch” not “people who quote” save money. That’s the way companies can truthfully advertise the savings. This illustrates why you absolutely need to compare as many rates as you can. It’s just too difficult to predict which company will have the lowest Chevy Equinox insurance rates.

Pay less by taking advantage of discounts

Companies that sell car insurance don’t always advertise all available discounts in an easy-to-find place, so here is a list both well-publicized and also the lesser-known ways to save on insurance coverage.

  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • Auto/Life Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Good Students Pay Less – Performing well in school can be rewarded with saving of up to 25%. This discount can apply until age 25.
  • Senior Citizens – If you qualify as a senior citizen, you can possibly qualify for better insurance coverage rates for Equinox coverage.
  • Driver Safety – Taking part in a driver safety course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Memberships – Participating in certain professional organizations could qualify you for a break on insurance coverage for Equinox coverage.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Some only reduce the cost of specific coverages such as comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

Car insurance companies that may offer these money-saving discounts may include but are not limited to:

Before buying, ask each company which discounts they offer. All car insurance discounts might not apply in your state.

Your coverage should be tailored to you

When choosing proper insurance coverage for your personal vehicles, there really is no perfect coverage plan. Every insured’s situation is different.

For example, these questions can help discover whether you might need professional guidance.

  • Am I covered if hit by an uninsured driver?
  • Do I need added coverage for expensive stereo equipment?
  • What are the financial responsibility laws in my state?
  • What is an SR-22 filing?
  • Does coverage extend to a rental car in a foreign country?
  • Which companies will insure high-risk drivers?
  • Can I afford to buy a different vehicle if my 2005 Chevy Equinox is totaled?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form.

Insurance coverages explained

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Coverage for liability – This will cover injuries or damage you cause to other’s property or people by causing an accident. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims such as repair costs for stationary objects, repair bills for other people’s vehicles, medical expenses and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Uninsured or underinsured coverage – This coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Equinox.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Medical expense coverage – Med pay and PIP coverage provide coverage for short-term medical expenses for ambulance fees, rehabilitation expenses, dental work, prosthetic devices and funeral costs. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision – This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like hitting a parking meter, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, theft, damage from flooding and hitting a bird. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

In Summary

As you restructure your insurance plan, do not buy poor coverage just to save money. There are a lot of situations where someone dropped comprehensive coverage or liability limits only to discover later that they should have had better coverage. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

People leave their current company for a number of reasons such as denial of a claim, an unsatisfactory settlement offer, poor customer service and even lack of trust in their agent. Whatever your reason, finding a new auto insurance company is not as difficult as it may seem.

Budget-conscious 2005 Chevy Equinox insurance is definitely available from both online companies and with local insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

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