Finding the best cheap car insurance for a Chevrolet Equinox hinges on many factors such as how far you commute, whether or not you have prior claims, and any prior driving offenses you have. Drivers in Arizona will pay on average $628 each year for Equinox insurance, but that figure is based on a 50-year-old married female driver with full comprehensive and collision coverage and $1,000 deductibles.
But there is a good chance that you are not 50 years old and maybe not even female, maybe you are single instead of married, or maybe you just want liability only. This example demonstrates why the best way to find the most affordable coverage for your Chevrolet is to do a thorough rate comparison.
Insure Your Chevrolet for Less
The trim level of your Equinox tends to have a direct effect on the coverage cost, so the price to insure a Equinox LS 2WD trim level will cost $50 less than the cost to insure the fancier 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||$110||$204||$282||$16||$84||$696||$58|
|Equinox LT 2WD||$110||$204||$282||$16||$84||$696||$58|
|Equinox LS AWD||$110||$204||$282||$16||$84||$696||$58|
|Equinox LT AWD||$110||$204||$282||$16||$84||$696||$58|
|Equinox LTZ 2WD||$124||$240||$282||$16||$84||$746||$62|
|Equinox LTZ AWD||$124||$240||$282||$16||$84||$746||$62|
|Equinox LTZ AWD||$124||$240||$282||$16||$84||$746||$62|
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Information does not factor in specific garaging location which can affect premiums substantially.
Best insurance company in Chandler
Selecting a good quality insurer can be difficult considering how many companies provide coverage in Arizona. The ranking information listed below may help you choose which auto insurance companies to look at putting your business with. The ratings below include companies that insure vehicles nationwide, so companies that only write business in Arizona or surrounding areas will not be included in the list.
Top 10 Large Car Insurance Companies in Chandler Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Progressive – A+
- Titan Insurance – A+
Top 10 Large Car Insurance Companies in Chandler Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
The example below illustrates how choosing a deductible can impact insurance prices when quoting cheap insurance for a Chevrolet Equinox. Data assumes a married male driver, comp and collision included, and no policy discounts are applied.
In the chart above, a 30-year-old driver could cut expenses by $322 a year by changing from a $100 deductible up to a $500 deductible, or save $484 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old, could roll back prices up to $972 every year just by choosing larger deductibles.
If you do raise deductibles, it will be necessary to have enough funds in savings to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Price comparison of only insuring for liability
Reducing premiums for insurance is probably important to most people, and one easy way to pay less for insurance for a Chevrolet Equinox is to not insure for full coverage. The example below compares insurance costs when comparing full coverage to liability only. The rate quotes are based on no claims or driving violations, $500 deductibles, drivers are not married, and no other discounts are factored in.
If the expense is averaged for all age categories, full coverage on your policy costs $1,810 per year more than insuring for liability only. That raises the question if you should buy full coverage. There is no definitive rule to eliminate physical damage coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s replacement value is $12,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $11,000 after paying your policy deductible. If you are paying over $1,100 annually for your policy with full coverage, then it might be time to buy liability only.
Here’s why price comparisons are so important
Arizona insurance rates are influenced by many factors that will increase or decrease the cost of your policy. Turning one year older, having a teenage driver, or having an at-fault accident may cause policy rate changes resulting in some companies being more affordable than others. Additionally, insurers file new rates as often as every three months in order to remain profitable. Heavy losses can cause additional premium costs, while less frequent claims can produce cheaper Equinox insurance rates.
The data below shows a variety of companies that have the cheapest car insurance in Chandler, AZ for a 35-year-old male driver with no prior accidents, a clean driving record, and a decent credit rating. When quoting prices based on his current risk profile, The Hartford offers the best car insurance rates in Chandler at $1,040 per year. This is $388 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are the remainder of the cheapest Chandler, AZ auto insurance companies.
Let’s now give the driver from the first example an at-fault accident, poor credit, and a traffic citation. Due to the fact that every insurance company has a different process to determine rates, analyzing rates most likely will result in a different list of cheap Chandler auto insurance companies as shown below.
GEICO now has the lowest price in Chandler, AZ with Ameriprise Group, CSAA, Allied, and Safeco now rounding out the top five. This illustrates why Chandler drivers need to take the time to shop around to get the most budget-friendly insurance rates for a Chevrolet Equinox.
Auto insurance prices are impacted by many things and can change substantially, so the best option six months ago may now be costing you a lot of money.
How to find budget-friendly auto insurance for a Chevrolet Equinox
The list below summarizes some money-saving ideas that can help drivers buy lower-cost coverage.
- Buying home and auto insurance together can earn discounts
- Having at-fault accidents will increase rates
- Do not pay for full coverage if not needed
- Increase your credit score
- Drive a car with a high safety rating
- Keep rates low by comparing prices once a year
That final tip is incredibly important, as we stressed in this piece. Prices in Chandler change constantly, so you should be ready to buy from a new company if a better deal can be had.
Staying with the same company for years is fine, but we do not recommend it if it’s costing you potentially thousands of dollars a year. Spend a few minutes and compare prices to find cheaper insurance for a Chevrolet Equinox.
The Chandler car insurance agencies listed below can most likely help you make a decision which auto insurance coverages would be the best in your situation, as some people prefer to have some professional guidance when comparing insurance rates for an Equinox. It’s not always simple to find the cheapest car insurance policy, so getting professional guidance from a licensed agent can add peace of mind knowing your coverage gives you adequate protection in the event of a claim.
To locate an agency in your neighborhood, click the button following the list or click here to compare price quotes now.
- State Farm: Tara Poaletti
300 N Gila Springs Blvd #150 – Chandler, AZ 85226 – (480) 659-5263
- Farmers Insurance – Larry Little
2420 W Ray Rd #2 – Chandler, AZ 85224 – (480) 966-9449
- Allstate Insurance: Jason Tuttle
985 W Chandler Heights Rd #3 – Chandler, AZ 85248 – (480) 477-7511
- Allstate Insurance: Jim Kaup
565 W Chandler Blvd Ste 218 – Chandler, AZ 85225 – (480) 821-2763