Finding cheap insurance for a Chevrolet Equinox in Texas hinges on an enormous amount of factors such as how old the Equinox is, the size of your vehicle, and any prior driving offenses. Drivers pay on average $910 a year for Equinox insurance, but that figure is an estimation using a 50-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.
There’s a high likelihood you are not 50 years old and maybe not even female, maybe you are single instead of married, or maybe you have a speeding ticket or two that will increase rates. Everyone has unique insurance needs, and this illustrates why the only real way to find cheap insurance prices for your Chevrolet is to compare as many rates as you can. Quotes are always free and you will receive prices from the best companies that insure vehicles in Texas.
The specific model of Equinox will be a contributing factor to price, so the price you will be charged to insure a Equinox LS 2WD trim level will be $84 less than the insurance cost for the more expensive Equinox LTZ AWD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$184||$332||$358||$22||$108||$1,004||$84|
|Equinox LT 2WD||$184||$332||$358||$22||$108||$1,004||$84|
|Equinox LS AWD||$184||$332||$358||$22||$108||$1,004||$84|
|Equinox LT AWD||$184||$332||$358||$22||$108||$1,004||$84|
|Equinox LTZ 2WD||$208||$392||$358||$22||$108||$1,088||$91|
|Equinox LTZ AWD||$208||$392||$358||$22||$108||$1,088||$91|
|Equinox LTZ AWD||$208||$392||$358||$22||$108||$1,088||$91|
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Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Information does not factor in garaging location in Arlington which can revise auto insurance rates substantially.
Finding reliable, affordable insurance is not the easiest thing to accomplish, and figuring out which company offers the most affordable auto insurance rates for a Chevrolet Equinox will take more quotes for comparison. Each company uses different criteria to set premium rates, so let’s begin by taking a look at the auto insurance companies that tend to have lower prices in Texas.
We do need to point out that Arlington auto insurance rates are based on many factors that will increase or decrease the price you have to pay for coverage. Things like having a birthday, marrying your spouse, or having a fender bender can cause premium changes that can now make some companies higher-priced than the competition.
Find Cheaper Auto Insurance for Your Equinox
|Rank||Company||Cost Per Year|
|4||Texas Farm Bureau||$1,247|
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Travelers normally has some of the cheapest car insurance rates in Arlington at around $1,021 each year. USAA, Germania Mutual, Texas Farm Bureau, and Esurance would also be considered some of the most economical Arlington, TX car insurance companies.
As the rates illustrate above, if you buy coverage from Texas Farm Bureau and switched to Travelers, you could realize an annual premium reduction of in the vicinity of $226. Texas drivers with Esurance might save as much as $358 a year, and California Casualty insureds might reduce rates by $403 a year.
To discover how much you can save, click here or feel free to get quotes from the companies below.
Be aware that those policy prices are averages across all drivers and vehicles in Texas and are not factoring in a vehicle location for a Chevrolet Equinox. So the company that can offer you the best rate may not even be in the top 23 companies in the list above. That’s why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
Tickets and at-fault accidents raise rates
A great way to enjoy the cheapest auto insurance rates for an Equinox is to be a cautious driver and not get tickets or have accidents. The diagram below demonstrates how traffic citations and at-fault accidents can affect insurance rates for each age group. The prices are based on a married female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of a car insurance policy in Arlington per year with no accidents and a clean driving record is $1,632. Add in one speeding ticket and the average cost surges to $1,902, an increase of $270 each year. Now include two accidents along with the one speeding ticket and the annual cost of auto insurance for a Chevrolet Equinox increases to an average of $4,338. That’s an increase of $2,706, or $226 per month, just for not being more responsible behind the wheel!
Types of discounts on Arlington car insurance
Insurance companies that offer coverage for a Chevrolet Equinox may additionally offer special discounts that could reduce prices by as much as 35% or more if you meet specific criteria. Larger auto insurance companies and some of the premium reductions they offer can be found below.
- State Farm may have discounts that include Steer Clear safe driver discount, passive restraint, good driver, anti-theft, safe vehicle, and defensive driving training.
- Farmers Insurance policyholders can earn discounts including pay in full, homeowner, early shopping, electronic funds transfer, teen driver, bundle discounts, and alternative fuel.
- GEICO offers premium reductions for multi-policy, daytime running lights, military active duty, anti-theft, and membership and employees.
- American Family may include discounts for accident-free, TimeAway discount, defensive driver, good driver, and bundled insurance.
- Nationwide discounts include defensive driving, accident-free, family plan, anti-theft, good student, and business or organization.
- Progressive has savings for good student, online quote discount, multi-policy, continuous coverage, homeowner, online signing, and multi-vehicle.
The information below shows the comparison of premium costs with and without policy discounts. Data assumes a male driver, no accidents or driving violations, Texas state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, anti-theft, multiple policy, homeowner, vehicle safety, and marriage discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for a Chevrolet Equinox is 28% or $715.
The example below demonstrates how deductibles can impact premium costs when trying to find cheap insurance for a Chevrolet Equinox. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could lower their car insurance rates by $374 a year by increasing from a $100 deductible up to a $500 deductible, or save $564 by using a $1,000 deductible. Younger drivers, such as the Age 20 example, have the ability to save as much as $1,236 each year by choosing a larger deductible amount.
When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.