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The Chevrolet Equinox is the market's compact SUV with a lot of wiggle room. Offering the newest infotainment and technology, the Equinox is a popular choice, according to a recent survey.
Car insurance for your Chevrolet Equinox should be done right the first time. An independent insurance agent will help you find a policy that does an exceptional job of protecting you.
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What Kind of Insurance Do You Need for Your Chevrolet Equinox?
If you want to be well protected, it makes sense to know all the insurance options for your Chevrolet Equinox. Each state may have some required coverages, and others may be optional.
Most states mandate the following coverages:
Bodily Injury Liability
If a car accident causes injury to another, including passengers, pedestrians, or other drivers, bodily injury liability will pay for medical expenses. Bodily injury liability will even pay for lost wages if the other party has to be out of work as a result of the injury.
Property Damage Liability
Your property damage liability policy will help pay the bill to replace or repair the building, vehicle, or structure if you or someone driving your car damages another person's property. This coverage will not provide insurance for your car however.
Many states require this coverage:
Medical Payments/Personal Injury Protection
Medical payments or personal injury protection (PIP) coverage pays for necessary medical treatment for you or your passengers when you are in an accident. PIP insurance is available in "no-fault" states and is typically required. Medical payments coverage is available everywhere else.
Uninsured and Underinsured Motorist Coverage
Uninsured and underinsured motorist (UM/UIM) will pay for damage to your vehicle if you are in a not-at-fault accident with a driver that is not insured or does not have enough coverage. Most policies have some form of this coverage automatically.
Collision coverage will pay damage for other people's property on your behalf if you are responsible for an accident. If you forgo collision coverage, your finances could be at risk.
Even if you park your Chevrolet Equinox in a garage, it can still be at risk. A natural disaster, storm, and other incidents out of your control can cause damage to your car. Comprehensive coverage will kick in for these events and even for collision with a deer.
To replace your Chevrolet Equinox's windshield, it could cost you around $500. Instead of paying that cost on your own, you could have your windshield replaced with zero-deductible glass coverage. This policy endorsement is well worth the few dollars it costs per year.
If you are financing or leasing your Chevrolet Equinox, then you'll want to have gap coverage. This insurance will pay the difference between the car's value and any outstanding amount due when a total loss accident occurs. Without gap coverage, you will have to pay the difference out of your pocket.
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What Affects the Cost of Insurance for Your Chevrolet Equinox
Several factors go into calculating your Chevrolet Equinox's annual premiums. For example, younger drivers will pay higher insurance rates because, due to their inexperience, they tend to get into more accidents. A teen Chevrolet Equinox driver will pay, on average, $5,052 per year for insurance. With the lowest average rate for full coverage per year being $791. Those with a spotty driving record will typically pay an average of $2,954 annually.
Average Cost of Chevrolet Insurance by Model
The year, make, and model of your Chevrolet will affect car insurance premiums. The below averages assume that the driver is a 40-year-old male with a clean driving record. The policies are based on a $500 comprehensive and collision deductible, UM/UIM coverage, and minimum liability limits. Rates are averaged across all 50 states.
|Average annual insurance premium for a new Chevrolet by model|
|Chevrolet Bolt EV||$1,580|
|Chevrolet Captiva Sport||$1,308|
|Chevrolet Silverado 2500HD||$1,650|
|Chevrolet Silverado 3500HD||$1,660|
|Chevrolet Tahoe Hybrid||$1,608|
The Safety of Your Chevrolet Equinox
The safer your Chevrolet Equinox is, the lower your car insurance premiums will be. Your vehicle's safety features protect you as well as get you the best rates with your carrier. The less likely you are to file a claim, the more discounts the insurance company awards you.
Forward collision warning and city-speed automatic braking come standard in the 2020 Chevrolet Equinox. According to the Insurance Institute of Highway Safety, this model gets high marks and a 5-star rating across the board.
How Location Affects Your Chevrolet Equinox Insurance
Residing in a particular state could earn you a lower car insurance premium, while your rates could be higher in other areas.
|Average yearly auto insurance rates are the least expensive in these states:|
|Average yearly auto insurance rates are most expensive in these states:|
Average Cost to Insure a Chevrolet Equinox
The average yearly policy premium for a Chevrolet Equinox is $1,370. Your pricing will vary depending on where you live, how old you are, and your driving record.
Here's how Chevrolet Equinox rates change for younger vs. older drivers:
|Chevrolet Equinox rates by age for full coverage with a $500 deductible|
Top Independent Insurance Carriers That Insure the Chevrolet Equinox
Which insurance carrier you go with matters as much as your coverage. Who you choose will determine how well your claim gets handled and paid. You'll want an insurance company that is reputable and responsive. The US Independent Insurance Agent Satisfaction Study by J.D. Power gave these companies a good recommendation:
- Auto-Owners Insurance
Get a Chevrolet Equinox Quote
Reach out to a TrustedChoice.com agent today to get a quote for insurance on your Chevrolet Equinox. An independent insurance agent can shop dozens of insurance companies, providing you with the most affordable and complete auto insurance coverage.
TrustedChoice.com Article | Reviewed by Candace Jenkins
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