Cheaper 2008 Chevrolet Equinox Insurance Cost

High-priced car insurance can draw down your accounts and maybe even restrict other spending. Comparing price quotes is an excellent way to slash your bill and have more diposable income.

There is such a variety of auto insurance companies to purchase coverage from, and even though it’s nice to have multiple companies, it makes it harder to find the best rates for your vehicles.

It’s smart to compare premium rates periodically due to the fact that insurance prices go up and down regularly. Even if you think you had the best price on Equinox insurance at your last renewal the chances are good that you can find a lower rate quote today. Don’t believe everything you read about car insurance online, but in a few minutes you can learn a lot of great tips on how to reduce your car insurance bill.

Shopping for the cheapest coverage is easy if you know what you’re doing. If you have a policy now or need new coverage, you can use these techniques to reduce the price you pay while maximizing coverage. Drivers only need an understanding of how to compare company rates online.

How to compare auto insurance quotes

Getting more affordable 2008 Chevy Equinox auto insurance pricing is a great way to save money. You just need to take a couple of minutes to compare free insurance coverage quotes from some recommended companies. This can easily be done in several different ways.

• Hands down the most simple method to find low rates is a comparison rater form click to view form in new window. This type of form prevents you from having to do repetitive form entry for every prospective company. One form submission will return price quotes from multiple low-cost companies.
• Another way to analyze rates consists of visiting each company website to request a price quote. For instance, we’ll pretend you need rates from Farmers, Liberty Mutual and Allstate. To get each rate you have to take the time to go to each site and repeatedly enter your information, which is why first method is reommended. For a list of links to companies insuring cars in your area, click here.

It doesn’t matter which method you choose, just be sure you’re using apples-to-apples coverages for every company. If you have different liability limits it’s not possible to decipher which rate is best.

Lower rates by qualifying for discounts

Insuring your fleet can be pricey, but you may be missing some discounts that you may not even know about. Some trigger automatically at the time of purchase, but occassionally some discounts must be asked for before being credited.

• Include Life Insurance and Save – Not all insurance carriers offer life insurance, but some may give you a discounted rate on car insurance if you buy life insurance.
• Student Driver Training – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in school.
• Claim-Free Discount – Good drivers with no accidents pay much less compared to accident-prone drivers.
• Sign Early and Save – A few insurance companies offer discounts for buying a new policy prior to the expiration date on your current policy. This can save 10% or more.
• Homeowners Discount – Simply owning a home can get you a discount since owning and maintaining a home means you have a higher level of financial diligence.

One thing to note about discounts is that many deductions do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like having all the discounts means you get insurance for free, nobody gets a free ride.

Popular insurance coverage companies and the discounts they provide are:

• State Farm offers discounts including student away at school, passive restraint, multiple autos, Steer Clear safe driver discount, defensive driving training, driver’s education, and good driver.
• Liberty Mutual policyholders can earn discounts including new vehicle discount, teen driver discount, newly married, safety features, and new graduate.
• American Family may offer discounts for bundled insurance, Steer into Savings, defensive driver, early bird, good student, and mySafetyValet.
• Progressive may have discounts that include multi-policy, online signing, good student, continuous coverage, and homeowner.
• Farmers Insurance may include discounts for business and professional, bundle discounts, homeowner, mature driver, and youthful driver.
• Auto-Owners Insurance offers discounts for company car, air bags, anti-theft, student away at school, and paid in full.
• SAFECO offers premium reductions for multi-car, homeowner, teen safety rewards, teen safe driver, and anti-lock brakes.

Double check with each company or agent which discounts can lower your rates. A few discounts may not apply to policyholders in your area. If you would like to choose from a list of companies who offer online insurance coverage quotes, click here.

Informed drivers know how to quote auto insurance for less

When buying auto insurance it’s important to understand some of the factors that help calculate your policy premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that can earn you big savings.

Shown below are just a few of the factors companies use to determine your rates.

• Rate your vehicle for proper use – The more you drive in a year’s time the more you will pay for auto insurance. Most companies charge to insure your cars based on their usage. Vehicles that do not get driven very much can be on a lower rate level compared to those used for work or business. An improperly rated Equinox can result in significantly higher rates. It’s always a good idea to double check that your declarations sheet is rated on the proper vehicle usage, because it can save money.
• Discounts for married drivers – Getting married may earn you lower rates on your policy. Marriage generally demonstrates drivers are more mature than a single person and statistics show drivers who are married are more cautious.
• Gender and auto insurance costs – The statistics show that men are more aggressive behind the wheel. Now that doesn’t mean females are better at driving than males. Men and women cause at-fault accidents at about the same rate, but the male of the species get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations such as reckless driving. Males from age 16 to 21 generally have the highest accident percentage and thus pay the highest rates.
• Good drivers pay better prices – Your driving record has a lot to do with how much you pay for insurance. Attentive drivers get better rates as compared to careless drivers. Only having one chargable violation can increase the cost of insurance substantially. Drivers unfortunate enough to have multiple violations such as DUI or willful reckless driving may face state-mandated requirements to submit a SR-22 form with their state in order to legally drive a vehicle.
• Rates can be impacted by your job – Jobs like judgesair traffic controllers and emergency personnel generally pay higher premium rates because of high stress and extremely grueling work hours. On the flip side, careers like actors, historians and performers generally pay rates lower than average on Equinox insurance.
• Youthful drivers pay more – Inexperience drivers are known to be easily distracted behind the wheel so they pay higher auto insurance rates. If you’ve ever had to add a young driver to your auto insurance policy can break the bank. Older insureds are shown to be more cautious, are lower risk to insure and get fewer tickets.
• Safer occupants lowers premiums – Cars with five star safety ratings tend to be cheaper to insure. Safe vehicles result in less severe injuries and fewer serious injuries means lower claim amounts and lower rates for you.

Insurance coverage is unique, just like you

When it comes to buying the best insurance coverage coverage for your vehicles, there is no best way to insure your cars. Every insured’s situation is different and your policy should reflect that. These are some specific questions may help you determine if your situation might need professional guidance.

• What are the best liability limits?
• Will my rates increase for filing one claim?
• Is business property covered if stolen from my car?
• Are there companies who specialize in insuring high-risk drivers?
• Can I make deliveries for my home business?
• Does my liability insurance cover pulling a trailer or camper?
• Do I benefit by insuring my home with the same company?
• How do I buy GAP insurance?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It is quick, free and can help protect your family.

Insurance policy specifics

Learning about specific coverages of insurance aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types offered by insurance companies.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for expenses like nursing services, EMT expenses and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Collision – This will pay to fix damage to your Equinox from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as damaging your car on a curb, driving through your garage door, colliding with a tree and rolling your car. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2008 Chevy Equinox.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

Comprehensive insurance – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from getting keyed, hitting a bird and hail damage. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability car insurance – Liability coverage can cover damage that occurs to other people or property. This insurance protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as emergency aid, pain and suffering and attorney fees. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Knowledge is power

A few companies do not provide online quoting and many times these regional carriers sell through independent agents. Discount 2008 Chevy Equinox insurance can be sourced on the web and with local insurance agents, so compare prices from both so you have a total pricing picture.

We just covered many ways to shop for 2008 Chevy Equinox insurance online. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. You may even find the lowest priced insurance comes from a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost than their larger competitors like Progressive and Geico.

Additional insurance information can be found on the following sites:

• Understanding Car Crashes Video (iihs.org)
• Five Mistakes to Avoid (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)
• Auto Insurance Learning Center (State Farm)
• A Tree Fell on Your Car: Now What? (Allstate)
• Medical Payments Coverage (Liberty Mutual)