Finding cheap car insurance for a Chevrolet Equinox depends on a whole bunch of rating criteria such as whether you own a home, if you are a frequent claim filer, and your motor vehicle report. Drivers in Indiana pay on average $971 each year to insure their Equinox, but that is calculated using a 50-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
The issue that arises when projecting rates is that it’s very likely that you’re not a 50-year-old female, maybe you are married instead of single, and you want different coverage limits than the example. This shows why the only way to find cheap car insurance rates for your Chevrolet is to just compare rates yourself. In just a few minutes you will get price quotes from top-rated car insurance companies available.
Your vehicle’s trim level tends to have a direct effect on the yearly cost, so the price you will pay to insure a Equinox LS 2WD will be $102 cheaper than the insurance cost for the more well-appointed Equinox LTZ AWD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$208||$428||$318||$18||$94||$1,066||$89|
|Equinox LT 2WD||$208||$428||$318||$18||$94||$1,066||$89|
|Equinox LS AWD||$208||$428||$318||$18||$94||$1,066||$89|
|Equinox LT AWD||$208||$428||$318||$18||$94||$1,066||$89|
|Equinox LTZ 2WD||$234||$504||$318||$18||$94||$1,168||$97|
|Equinox LTZ AWD||$234||$504||$318||$18||$94||$1,168||$97|
|Equinox LTZ AWD||$234||$504||$318||$18||$94||$1,168||$97|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Information does not factor in specific garaging location which can increase or decrease coverage rates greatly.
Finding out which companies offer the cheapest auto insurance rates for a Chevrolet Equinox will take a bit more work than just quoting one company’s rates. Each auto insurance company uses a slightly different approach to determine rates, so we need to take a look at the auto insurance companies that tend to be cheaper in Indiana.
Find the Cheapest Auto Insurance for Your Equinox
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$841|
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Travelers quotes some of the cheapest car insurance rates in Indianapolis at around $620 a year. This is $620 less than the average policy premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also qualify as some of the most economical Indianapolis, IN insurance companies.
As the rates illustrate above, if you have coverage with USAA and switched to Travelers, you might achieve a yearly savings of in the vicinity of $41. Customers with Erie could save as much as $106 a year, and Western Reserve policyholders might see rate reductions of $218 a year.
Remember that these prices are averaged for all ages of drivers and types of vehicles and and are not figured with an exact zip code location for a Chevrolet Equinox. So the auto insurance company that fits your needs best may not even be in the top 36 companies in the list above. That point stresses why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Discounts on Indianapolis insurance rates
Auto insurance companies that offer quotes for a Chevrolet Equinox may have policy discounts that can lower rates by 40% or more if you are eligible for them. A list of companies and their offered discounts are shown below.
- State Farm discounts include student away at school, accident-free, multiple autos, anti-theft, passive restraint, and driver’s education.
- GEICO may include discounts for good student, anti-lock brakes, five-year accident-free, membership and employees, driver training, emergency military deployment, and federal employee.
- Progressive may offer discounts for good student, online quote discount, homeowner, multi-policy, and continuous coverage.
- 21st Century offers premium reductions for anti-lock brakes, defensive driver, air bags, 55 and older, and teen driver.
- American Family has discounts for multi-vehicle, TimeAway discount, Steer into Savings, accident-free, bundled insurance, air bags, and defensive driver.
- The Hartford has savings for bundle, driver training, good student, defensive driver, vehicle fuel type, and anti-theft.
- AAA offers discounts for AAA membership discount, anti-theft, multi-policy, good student, multi-car, and pay-in-full.
The diagram below shows the comparison of auto insurance costs with and without discounts. The premiums assume a male driver, no claims, a clean driving record, Indiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, accident-free, anti-theft, claim-free, and passive restraint discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for a Chevrolet Equinox is 28% or $388.
Who has the cheapest Equinox insurance?
Indianapolis auto insurance rates are impacted by many things that may substantially change your annual premium. Simply getting older, getting divorced, or getting a DUI may cause policy rate changes that can now make some companies cheaper than others.
Additionally, insurance companies change prices multiple times each year as an adjustment for underwriting gains or losses. Higher than usual claims may result in higher priced premiums, while profitable underwriting can produce more affordable Equinox insurance rates.
For example, the data below shows which company has the cheapest car insurance in Indianapolis, IN for a 45-year-old female driver with a clear driving record, no claims, and good financial standing. If we look at prices based on her personal risk profile, Travelers might offer the cheapest car insurance rates in Indianapolis at $717 annually. This is $523 less than the average price paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve round out the rest of the best Indianapolis, IN auto insurance companies.
The example below compares rates after we give the driver from the above example a claim or two, a lower credit score, and a speeding ticket. Since each insurance company uses their own method for filing rates in each state, comparing insurance quotes could now result in a completely different list of the cheapest companies as shown below.
The Hartford now has the best price on car insurance in Indianapolis, IN with Auto-Owners, USAA, Nationwide, and State Farm also having competitive pricing. This example demonstrates why it is critical to compare as many rates as possible when trying to find the most budget-friendly auto insurance quotes for a Chevrolet Equinox.
Car insurance prices are calculated by many risk factors and can change substantially, so the most affordable company the last time you checked may now be one of the higher cost companies.