View 2013 Chevrolet Equinox Insurance Cost

Searching for the cheapest insurance coverage rates for your Chevrolet Equinox? Are you sick and tired of trying to scrape together enough money each month for car insurance? Your situation is no different than most other car owners. You have so many insurance companies to purchase coverage from, and though it is a good thing to be able to choose, too many choices makes it more difficult to compare rates.

This information will teach you the most effective way to quote insurance. If you are paying for car insurance now, you will most likely be able to cut costs considerably using these techniques. Consumers just need to know the best way to get comparison quotes online.

Parts of the Chevy Equinox rate equation

An important part of buying insurance is that you know some of the elements that come into play when calculating insurance rates. Understanding what controls the rates you pay enables informed choices that will entitle you to much lower annual insurance costs.

The list below includes some of the factors insurance companies consider when setting prices.

  • Car features impact rates – Choosing a vehicle with a theft deterrent system can help lower your rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.
  • Pay less if you’re married – Getting married can get you a discount when buying insurance. It is viewed as being more mature it has been statistically shown that married couples file fewer claims.
  • Choose a safe vehicle and save – Safer cars tend to have better insurance rates. Safer cars reduce injuries and fewer injuries translates into fewer and smaller insurance claims and thus lower rates. If the Chevy Equinox earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Too many insurance claims drive up costs – If you tend to file frequent claims, you can look forward to higher rates. Auto insurance companies give better rates to policyholders who file claims infrequently. Insurance coverage is meant to be used in the event of larger claims.

More discounts equal less premium

Insuring your vehicles can cost a lot, buy you may qualify for discounts to help offset the cost. Certain discounts will be triggered automatically when you quote, but less common discounts must be specifically requested before they will apply. If you’re not getting every credit possible, you are paying more than you should be.

  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for Equinox coverage than drivers with accident claims.
  • Seat Belts Save – Requiring all passengers to use their safety belts can save 10% or more off your medical payments premium.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may save approximately 10% to 15%.
  • Auto/Life Discount – Companies who offer life insurance give a break if you buy a life insurance policy as well.
  • Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • New Vehicle Savings – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
  • Paperwork-free – A few companies give back up to $50 for buying your policy digitally online.
  • Distant Student – Youth drivers who are attending college and do not have a car may qualify for this discount.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce individual premiums such as medical payments or collision. Just because you may think adding up those discounts means a free policy, you’re out of luck. Any amount of discount will help reduce the amount you have to pay.

To see a list of providers with the best insurance discounts, follow this link.

The fine print in insurance ads

Consumers can’t ignore all the ads for car insurance savings by State Farm and Allstate. All the ads make the same claim about savings if you move to their company.

How can each company make the same claim? It’s all in the numbers.

Different companies have a preferred profile for the driver that earns them a profit. For example, a preferred risk could be between 25 and 40, has no driving citations, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile gets the lowest rates and as a result will probably save when switching.

Potential insureds who don’t meet the “perfect” profile will be quoted a more expensive rate which usually ends up with business not being written. The ad wording is “people who switch” not “everybody who quotes” save that much. That’s why companies can make the claims of big savings.

This emphasizes why you absolutely need to get quotes from several different companies. It’s just too difficult to predict which insurance companies will fit your personal profile best.

It’s not one size fits all

When choosing coverage, there really is no perfect coverage plan. Each situation is unique so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you might need professional guidance.

  • How much can I save by bundling my policies?
  • Does having multiple vehicles earn me a discount?
  • When should my teen driver be added to my policy?
  • Should I get collision insurance on every vehicle?
  • Do I need higher collision deductibles?
  • What is an SR-22 filing?
  • Does insurance cover tools stolen from my truck?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Car insurance coverage considerations

Learning about specific coverages of a car insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages available from car insurance companies.

Liability car insurance

Liability coverage will cover damages or injuries you inflict on other people or property. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as medical services, loss of income, structural damage, court costs and emergency aid. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

Comprehensive protection

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as fire damage, falling objects and a broken windshield. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical expense coverage

Med pay and PIP coverage provide coverage for bills for dental work, funeral costs, hospital visits, EMT expenses and ambulance fees. They are used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This will pay to fix damage to your Equinox caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like damaging your car on a curb, crashing into a ditch and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Uninsured or underinsured coverage

This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Equinox.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Be a penny pincher

As you prepare to switch companies, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced physical damage coverage only to find out that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage at the best price, not the least amount of coverage.

Low-cost 2013 Chevy Equinox insurance is definitely available both online as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

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