Buying affordable auto insurance for a Chevrolet Equinox is pretty simple, but it relies on an enormous amount of rating factors such as when you were born, your occupation, and driving citations. Drivers in California will pay on average $1,455 a year for Equinox insurance, but that cost is an estimation using a 40-year-old married male driver with full physical damage coverage and $100 deductibles.
When estimating a car insurance rate like we just did, the issue is that you are not 40 and maybe not even a male, single instead of married, and maybe you want different deductibles. Just a slight change in rating factors or requested coverage amount could end up with a large change in how much insurance for a Chevrolet Equinox costs.
Not every driver requires the same auto insurance coverages, so the only way to find the cheapest rates for your Chevrolet is to do your own rate comparisons.
The trim level of your Chevrolet will be a contributing factor to the yearly cost, so the cost to insure a Equinox LS 2WD will be $156 cheaper than the price to insure the more expensive Equinox LTZ AWD model, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $346 | $632 | $456 | $26 | $136 | $1,596 | $133 |
| Equinox LT 2WD | $346 | $632 | $456 | $26 | $136 | $1,596 | $133 |
| Equinox LS AWD | $346 | $632 | $456 | $26 | $136 | $1,596 | $133 |
| Equinox LT AWD | $346 | $632 | $456 | $26 | $136 | $1,596 | $133 |
| Equinox LTZ 2WD | $390 | $744 | $456 | $26 | $136 | $1,752 | $146 |
| Equinox LTZ AWD | $390 | $744 | $456 | $26 | $136 | $1,752 | $146 |
| Equinox LTZ AWD | $390 | $744 | $456 | $26 | $136 | $1,752 | $146 |
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Information does not factor in specific location which can raise or lower prices noticeably.
Buying coverage from the top insurance company can be challenging considering how many different companies insure vehicles in California. The rank data listed below can help you decide which providers to look at when comparing rate quotes. These rankings are only comprised of companies that write coverage in many states, so smaller regional companies are not taken into consideration for this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Illustration showing the impact of accidents and violations
One of the best ways to obtain the most affordable insurance prices in Los Angeles for an Equinox is to drive attentively and avoid accidents and violations. The illustration below highlights how speeding tickets and at-fault collisions can influence yearly insurance costs for different insured age categories. The price estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of auto insurance per year with a clean driving record and no accidents is $1,858. Factor in one speeding ticket and the average cost rises to $2,140, an increase of $282 each year. Now get two accidents along with the one speeding ticket and the annual cost of insurance for a Chevrolet Equinox increases to an average of $4,792. That’s an increase of $2,935, or $245 per month, just for not being more responsible behind the wheel!
The diagram below illustrates how your deductible choice can increase or decrease insurance costs when searching for cheap insurance for a Chevrolet Equinox. The data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $490 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $736 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could save up to $1,246 or even more by using a higher deductible.
If you do make the decision to raise your deductibles, it is essential to have additional savings on hand to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Liability rates compared to full coverage
Buying cheaper insurance is important to the majority of people, and one way to save on the cost of insurance for a Chevrolet Equinox is to buy liability only. The chart below illustrates the comparison of insurance premiums when comparing full coverage to liability only. The costs are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are applied.
If averaged for all ages, comprehensive and collision coverage on your policy costs $2,188 per year more than insuring for liability only. A very common question is if buying full coverage is a good investment. There isn’t a written rule for excluding comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
There are some conditions where removing full coverage is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.