Affordable Chevy Equinox Insurance in Dallas

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Chevy Equinox insurance cost
Chevy Equinox insurance cost image courtesy of QuoteInspector.com

Discount Chevy Equinox insuranceThe most effective way to get affordable auto insurance rates in Dallas is to do a yearly price comparison from providers in Texas.

Step 1: Gain an understanding of what is in your policy and the measures you can control to prevent rate increases. Many things that result in higher rates such as inattentive driving and a not-so-good credit score can be remedied by paying attention to minor details. This article provides information to prevent expensive rate increases and get additional discounts.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO and Allstate, while independent agents can provide prices from many different companies.

Step 3: Compare the new rate quotes to the premium of your current policy and determine if cheaper Equinox coverage is available in Dallas. If you find a lower rate quote and buy the policy, make sure there is no coverage gap between policies.

Step 4: Tell your current agent or company to cancel your current auto insurance policy and submit payment and a signed application to the new company. Don't forget to safely store the certificate verifying coverage in an easily accessible location.

A good tip to remember is that you'll want to compare identical coverage information on every price quote and and to analyze as many car insurance companies as possible. Doing this helps ensure an accurate price comparison and a better comparison of the market.

Unimaginable but true, nearly 70% of consumers have bought insurance from the same company for at least the last four years, and nearly the majority have never quoted rates to find cheaper coverage. Most drivers in Texas could save 70% every year just by comparing rates, but they won't spend time to compare rates.

If you already have coverage or are just looking to switch companies, you can use this information to lower your rates without sacrificing coverage. We hope to instruct you on how to compare rates easily and also pocket some savings You just have to know the most time-saving way to compare different rates using one simple form.

The quickest method we recommend to compare rates for Chevy Equinox insurance in Dallas is to know all the major auto insurance companies provide online access to compare rate quotes. All consumers are required to do is give the companies some data including whether the vehicles are used for commuting, level of coverage desired, if you are currently licensed, and whether or not you need a SR-22. Your details is then sent to insurance carriers in your area and you receive quotes almost instantly.

To compare multiple company cheaper Chevy Equinox insurance rates now, click here and enter the information requested.

The providers in the list below provide quotes in Dallas, TX. If multiple companies are listed, it's highly recommended you visit several of them to get the most competitive price.

Discounts mean cheaper rates for Chevy Equinox insurance in Dallas

Insurance can cost an arm and a leg, but you may find discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time you complete a quote, but a few must be asked about before you get the savings.Car insurance discounts

  • Theft Prevention Discount - Cars, trucks, and SUVs equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • ABS and Traction Control Discounts - Anti-lock brake equipped vehicles are much safer to drive and will save you 10% or more on Equinox insurance in Dallas.
  • Senior Citizen Rates - Older drivers may be able to get better car insurance rates.
  • Auto/Home Discount - If you can bundle your auto and homeowners insurance with one insurance company you could save nearly 15% which can help you find low cost Chevrolet Equinox insurance.
  • Driver Training Discounts - Taking time to complete a driver safety course could cut 5% off your bill and also improve your driving technique.
  • Professional Organizations - Having an affiliation with a civic or occupational organization in Dallas can get you a small discount on your next car insurance statement.
  • Buy New and Save - Buying a new car instead of a used Equinox can get you a discount because newer vehicles keep occupants safer.
  • Discounts for Safe Drivers - Insureds without accidents can save up to 40% or more on their Dallas auto insurance quote compared to rates paid by drivers with frequent claims.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. Most cut specific coverage prices like comprehensive or collision. Despite the appearance that you could get a free car insurance policy, it's just not the way it works. Any amount of discount will positively reduce the cost of coverage.

The diagram below shows the comparison of Chevy Equinox yearly insurance costs with and without discounts. The premium estimates are based on a female driver, no violations or claims, Texas 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 multi-policy, safe-driver, homeowner, claim-free, multi-car, and marriage discounts applied.

Some companies who may offer these money-saving discounts include:

If you are trying to find low cost Dallas auto insurance quotes, ask each company or agent to give you their best rates. A few discounts might not be offered in Dallas. To locate providers that offer some of these discounts in Texas, click here to view.

Premium rates and analysis

The rate information shown next showcases a range of insurance premium costs for Chevy Equinox models. Having a good understanding how insurance policy premiums are determined can benefit drivers when making decisions on the best policy to buy.

Chevrolet Equinox Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $322 $682 $462 $28 $138 $1,632 $136
Equinox LT 2WD $322 $682 $462 $28 $138 $1,632 $136
Equinox LS AWD $322 $682 $462 $28 $138 $1,632 $136
Equinox LT AWD $322 $682 $462 $28 $138 $1,632 $136
Equinox LTZ 2WD $362 $802 $462 $28 $138 $1,792 $149
Equinox LTZ AWD $362 $802 $462 $28 $138 $1,792 $149
Equinox LTZ AWD $362 $802 $462 $28 $138 $1,792 $149
Get Your Own Custom Quote Go

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in vehicle garaging location which can alter coverage prices noticeably.

Higher deductibles lower rates

When shopping for auto insurance, a common question is how low should you set your deductibles. The rates below approximate the differences in price when you select higher and lower coverage deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Chevrolet Equinox insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $294 $496 $382 $22 $114 $1,333 $111
Equinox LT 2WD $294 $496 $382 $22 $114 $1,333 $111
Equinox LS AWD $294 $496 $382 $22 $114 $1,333 $111
Equinox LT AWD $294 $496 $382 $22 $114 $1,333 $111
Equinox LTZ 2WD $332 $584 $382 $22 $114 $1,459 $122
Equinox LTZ AWD $332 $584 $382 $22 $114 $1,459 $122
Equinox LTZ AWD $332 $584 $382 $22 $114 $1,459 $122
Get Your Own Custom Quote Go
Chevrolet Equinox insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $182 $312 $382 $22 $114 $1,012 $84
Equinox LT 2WD $182 $312 $382 $22 $114 $1,012 $84
Equinox LS AWD $182 $312 $382 $22 $114 $1,012 $84
Equinox LT AWD $182 $312 $382 $22 $114 $1,012 $84
Equinox LTZ 2WD $206 $368 $382 $22 $114 $1,092 $91
Equinox LTZ AWD $206 $368 $382 $22 $114 $1,092 $91
Equinox LTZ AWD $206 $368 $382 $22 $114 $1,092 $91
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in zip code location which can affect insurance rates greatly.

Based on the figures above, using a $250 deductible costs approximately $29 more each month or $348 a year averaged for all Equinox models than selecting the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 26 months between claims, you would probably save some money going with the higher deductible. The table below shows the way you can perform this determination yourself.

Average monthly premium for $250 deductibles: $116
Average monthly premium for $1,000 deductibles (subtract): - $87
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

The example below illustrates how your deductible choice and can raise or lower Chevy Equinox insurance premiums for each different age group. The data assumes a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Safe drivers pay cheaper rates

The illustration below demonstrates how citations and at-fault accidents can increase Chevy Equinox premium costs for different age groups. Data assumes a single male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.

Rate comparison of full coverage and liability-only

The chart below shows the comparison of Chevy Equinox annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The costs are based on no violations or claims, $1,000 deductibles, drivers are single, and no other discounts are factored in.

When to stop paying for full coverage

There is no set guideline of when to stop paying for comp and collision coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let's pretend your Chevy Equinox book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after you pay the deductible. If you are paying more than $600 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some cases where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

The Chevy Equinox Insurance Rate Equation

Part of the insurance buying process is learning the factors that help calculate your insurance rates. When you understand what determines base rates, this helps enable you to make changes that could result in big savings. Many things are used in the calculation when pricing auto insurance. Most are fairly basic such as your driving history, although others are less apparent such as your marital status or your financial responsibility.

  • Get hitched and get cheaper prices - Walking down the aisle can get you a discount on insurance. Having a spouse may mean you are more responsible and it's proven that drivers who are married are more cautious.
  • Employer reflects on prices - Occupations such as real estate brokers, executives, and stock brokers are shown to have higher rates than average in part from stressful work requirements and incredibly demanding work hours. On the other hand, occupations like professors, engineers and the unemployed get better rates.
  • Teenage drivers cost more - Older insureds are more responsible, cause fewer claims and accidents, and are safer drivers. Beginning drivers have been known to be careless and easily distracted behind the wheel and because of this, their insurance rates are much higher.

    The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

  • Improve your credit score and save - Credit score is likely to be a major factor in your rate calculation. People that have excellent credit tend to be better drivers and file fewer claims than drivers with lower ratings. If your credit score leaves room for improvement, you could pay less to insure your Chevrolet Equinox by improving your rating.
  • Never let your policy expire - Allowing your coverage to lapse will be a fast way to trigger a rate increase. In addition to paying higher rates, not being able to provide proof of insurance may earn you a fine, jail time, or a revoked license. You could then be forced to file a SR-22 with the Texas motor vehicle department to get your license reinstated.
  • Chevy Equinox statistical loss data - Car insurance companies study historical loss data to calculate a rate that will offset any claims. Models that historically have a trend towards higher claim severity or frequency will have higher premium rates. The table below shows the historical loss data for Chevy Equinox vehicles.

    For each type of coverage, the claim probability for all vehicles averaged together is represented as 100. Values below 100 suggest a better than average loss history, while percentage values above 100 point to more losses or statistically larger claims.

    Car Insurance Loss Data for Chevrolet Equinox Models
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Chevrolet Equinox 4dr 2WD 82 86 74 101 104 93
    Chevrolet Equinox 4dr 4WD 84 88 85 89 93 81
    BETTER
    AVERAGE
    WORSE

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years