Want lower auto insurance rates for your Chevrolet Equinox? Did you make the mistake of buying high-priced auto insurance? Say no more because there are lots of residents who feel the same.
There is such a variety of insurers to choose from, and although it’s a good thing to have a selection, more options can take longer to adequately compare rates.
It’s smart to compare premium rates at least once a year because rates change regularly. Even if you think you had the best premium rates for Equinox coverage on your last policy there is a good chance you can find better prices now. Block out anything you think you know about auto insurance because it’s time to teach you the quickest way to reduce your cost while increasing coverage.
This information will teach you the most effective way to quote insurance and some tricks to saving. If you are paying for car insurance now, you will most likely be able to save some money using these methods. But drivers do need to understand how the larger insurance companies price insurance differently and take advantage of how the system works.
The price of auto insurance can be rather high, but discounts can save money and there are some available that could drop your premiums quite a bit. Certain discounts will be applied when you complete an application, but lesser-known reductions have to be specially asked for prior to getting the savings. If you aren’t receiving every discount possible, you may be paying too high a price.
Keep in mind that most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as collision or personal injury protection. So even though you would think you could get a free car insurance policy, insurance companies wouldn’t stay in business. Any qualifying discounts should definitely cut the amount you have to pay.
A partial list of companies that have most of these discounts include:
When getting free insurance quotes, it’s a good idea to all companies you are considering the best way to save money. Discounts may not be offered in every state. To see companies that have a full spectrum of discounts, click here to view.
Smart consumers have a good feel for the factors that play a part in calculating the price you pay for car insurance. If you know what influences your rates, this enables informed choices that can help you get lower rates. Multiple criteria are used in the calculation when you get a price on insurance. Most are fairly basic like an MVR report, but some are not as apparent such as your marital status or your financial responsibility.
The items below are some of the major factors used by insurance companies to determine your rate level.
When it comes to buying the right insurance coverage, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions may help you determine whether you would benefit from professional advice.
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.
Learning about specific coverages of a insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverages found on the average insurance policy.
Liability insurance will cover damage or injury you incur to a person or their property. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage protects against claims such as pain and suffering, structural damage, emergency aid and medical services. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.
This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Chevy Equinox.
Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.
Collision insurance will pay to fix damage to your Equinox resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as colliding with another moving vehicle, sideswiping another vehicle, hitting a mailbox, sustaining damage from a pot hole and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.
Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims such as hitting a deer, theft and fire damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Med pay and PIP coverage pay for short-term medical expenses for things like X-ray expenses, EMT expenses and nursing services. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
We covered some good ideas how to lower your 2012 Chevy Equinox insurance prices. The key thing to remember is the more rate quotes you have, the higher your chance of finding cheap insurance. You may even discover the best price on insurance is with a smaller regional carrier. Regional companies may only write in your state and offer lower rates than the large multi-state companies such as State Farm or Progressive.
Cost effective 2012 Chevy Equinox insurance is attainable online as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some companies may not provide online rate quotes and many times these regional insurance providers only sell coverage through independent insurance agencies.
When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. Too many times, someone sacrificed collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy enough coverage at the best cost, not the least amount of coverage.
Sima Patel
If you have a good history and live in the vicinity of Minneapolis, Minnesota, check out Progressive. They seem to be cheaper.
Nathanial Fitzpatrick
Not sure what I should be paying. I’m just north of Billings, MT. I quoted with Western Auto Insurance, Amica, Hartford, and Mercury for my Equinox and saved $357 a year. I even had a DUI years ago. Hardly afford to drive anymore.
Toni Mccullough
Allstate is cheapest in South Carolina! :)
Theodora Miller
Well-written and thought out article. Found cheapest coverage with Eastwood for my Equinox and saved around $510 a year. Have an at-fault accident tho.
Pura Stokes
Anyone find cheap rates around Missoula, MT?
Amber Clay
This is too expensive. From a town just southwest of Miami, Florida. I got free quotes from 21st Century, Amica, Eastwood, and Hanover for my Chevrolet and saved $134 a year. Left MetLife to switch.
Kristel Chan
From northwest of Bellevue, NE. Got car insurance quotes from Western Auto Insurance, AIG Insurance, The General, and Nationwide for my Equinox and cut my rates about $220 a year.
Kiana Franklin
Does State Farm have good claim service?