Buying competitive car insurance for a Chevrolet Equinox is dependent upon a complicated rating formula that uses factors such as age of the driver, your credit status, and whether or not you are a good driver. Drivers pay around $866 a year for Equinox insurance, but that figure is a valuation based on a 50-year-old single female driver with full coverage and $500 deductibles.
When making auto insurance estimates, the issue arises that you are not 50 years old and maybe not even female, possibly married instead of single, or maybe you have a speeding ticket that needs to be factored in. Having even a minor difference in rating variables can result in a big discrepancy in the cost of insuring your Equinox.
There is no perfect policy for every driver, so the best way to find affordable rates for your Chevrolet is to compare rates from as many companies as possible. It only takes a couple of minutes and you will receive prices from the best auto insurance companies that offer coverage in Nevada.
Your Chevrolet's trim level will have an impact the coverage cost, so the price you will pay to insure a Equinox LS 2WD will cost $78 less than the insurance cost for the high end Equinox LTZ AWD trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$166||$318||$348||$20||$104||$956||$80|
|Equinox LT 2WD||$166||$318||$348||$20||$104||$956||$80|
|Equinox LS AWD||$166||$318||$348||$20||$104||$956||$80|
|Equinox LT AWD||$166||$318||$348||$20||$104||$956||$80|
|Equinox LTZ 2WD||$188||$374||$348||$20||$104||$1,034||$86|
|Equinox LTZ AWD||$188||$374||$348||$20||$104||$1,034||$86|
|Equinox LTZ AWD||$188||$374||$348||$20||$104||$1,034||$86|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific location which can modify coverage prices significantly.
Finding good, budget car insurance is easier said than done, and figuring out which companies have the cheapest insurance rates for a Chevrolet Equinox will involve additional perseverance. Each insurance company uses their own method to set premium rates, so to begin we'll rank the insurance companies with the overall cheapest rates in Nevada.
It's important that you understand Las Vegas, NV insurance rates are influenced by many factors that control the cost of having a policy. That is why drivers need to compare rates to get the lowest insurance quotes for a Chevrolet Equinox. Prices consist of many risk factors and change dramatically, so the cheapest option the last time you shopped around may now be quite expensive.
Best Car Insurance Prices for Your Equinox
|Rank||Company||Cost Per Year|
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Travelers offers some of the lowest car insurance rates in Las Vegas at around $939 each year. This is $635 less than the average premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive also rank well as some of the more affordable Las Vegas, NV car insurance companies.
In this example, if you have coverage with Oregon Mutual and switched to Allied, you might achieve annual savings of in the vicinity of $198. Policyholders with Progressive might save as much as $277 a year, and American Family insureds might see rate reductions of $281 a year.
It's important to note that these prices are averages across all insureds and vehicles and are not factoring in an exact zip code location for a Chevrolet Equinox. So the auto insurance company that fits you best may not even be in the top 20 companies in the list above. That helps illustrate why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
How to get discounts on Las Vegas auto insurance rates
Insurance providers that provide coverage for a Chevrolet Equinox may have discounts that could potentially reduce rates by 25% or more if you qualify. Large insurance companies and a selection of discounts are included below.
- Mercury Insurance has discounts for accident-free, multi-policy, ease of repair, annual mileage, and professional/association.
- Farmers Insurance has savings for alternative fuel, distant student, switch companies, pay in full, teen driver, and mature driver.
- Farm Bureau may include discounts for driver training, good student, 55 and retired, youthful driver, multi-policy, and multi-vehicle.
- State Farm policyholders can earn discounts including student away at school, multiple autos, passive restraint, Steer Clear safe driver discount, accident-free, Drive Safe & Save, and safe vehicle.
- Allstate includes discounts for farm vehicle, early signing, good student, 55 and retired, and anti-theft.
- GEICO may offer discounts for anti-lock brakes, seat belt use, emergency military deployment, membership and employees, daytime running lights, and defensive driver.
The diagram below shows the difference between insurance prices with and without discounts applied. The price estimates are based on a male driver, no driving violations, no at-fault accidents, Nevada state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, anti-theft, homeowner, multiple policy, defensive driving course, and claim-free discounts applied. With discounts applied, theaverage amount saved on insurance for a Chevrolet Equinox is 28% or $478.
Reckless driving habits raise Las Vegas insurance rates
The easiest way to receive low insurance prices in Las Vegas for an Equinox is to be a careful driver and avoid accidents and violations. The diagram below illustrates how traffic citations and accidents drive up insurance rates for different insured age categories. The premiums are based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of car insurance per year with a clean driving record and no accidents is $1,964. Add in two speeding tickets and the average cost surges to $2,724, an increase of $759 each year. Now throw in two accidents along with the two speeding tickets and the annual cost of insurance for a Chevrolet Equinox jumps again to an average of $5,312. That's an increase of $3,348, or $279 per month, just for not driving carefully!
Cost of full coverage
Paying a lower price for insurance is important to the majority of people, and one common way to lower the cost of insurance for a Chevrolet Equinox is to only pay for liability coverage. The information below shows the difference between insurance premiums with full physical damage coverage and with liability coverage only. The rates are based on no accidents, no driving violations, $100 deductibles, drivers are not married, and no other discounts are factored in.
On average, physical damage coverage costs $2,298 per year more than just insuring for liability. At some point, every insured wonders if full coverage is worth the money. There is no clear-cut rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let's say your vehicle's replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after the policy deductible has been paid. If it's costing you more than $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
If you have questions and prefer to have a professional recommendation when buying car insurance for an Equinox, the agencies below can help you decide which coverage meets your needs best.
To locate an agency by location nearest to you, click the link after the list.
- Chris Lopez - State Farm Insurance Agent
11700 W Charleston Blvd #175 - Las Vegas, NV 89135 - (702) 870-3663
- Stevens Insurance
7785 N Durango Dr - Las Vegas, NV 89131 - (702) 648-9689
- Omega Insurance Brokerage
3301 W Spring Mountain Rd - Las Vegas, NV 89102 - (702) 685-0170
- Allstate Insurance: Misty Chadwick
2620 Regatta Dr Ste 122 - Las Vegas, NV 89128 - (702) 451-4409
- David Habart - State Farm Insurance Agent
2035 Village Center Cir #100 - Las Vegas, NV 89134 - (702) 851-2400