Finding the cheapest coverage for a Chevrolet Equinox in Arizona is pretty easy for most people, but it hinges on lots of different rating factors such as how you use your vehicle, if you have a tendency to file claims, and citations or violations on your driving record. Drivers in Arizona will pay around $931 per year for Equinox insurance, but that figure is a projection calculated using a 30-year-old married female driver with full comprehensive and collision coverage and $250 deductibles.
Odds are that you aren’t exactly 30 years old or even a female, single instead of married, or maybe you prefer higher deductibles. Insurance is an individual thing, so the way we recommend to find the most affordable coverage for your Chevrolet is to do a thorough rate comparison. Quotes are free and easy and you will receive price comparisons from the cheapest companies that insure Chevrolet vehicles in Arizona.
Your Chevrolet’s trim level tends to have a direct effect on the cost of insurance, so the rate you pay to insure a Equinox LS 2WD model will be $98 lower than the cost to insure the more costly Equinox LTZ AWD model, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$224||$382||$306||$18||$92||$1,022||$85|
|Equinox LT 2WD||$224||$382||$306||$18||$92||$1,022||$85|
|Equinox LS AWD||$224||$382||$306||$18||$92||$1,022||$85|
|Equinox LT AWD||$224||$382||$306||$18||$92||$1,022||$85|
|Equinox LTZ 2WD||$254||$450||$306||$18||$92||$1,120||$93|
|Equinox LTZ AWD||$254||$450||$306||$18||$92||$1,120||$93|
|Equinox LTZ AWD||$254||$450||$306||$18||$92||$1,120||$93|
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can affect price quotes considerably.
Establishing which company quotes the cheapest auto insurance rates for a Chevrolet Equinox takes a little more sweat in order to find the best price.
Each insurance company uses a slightly different approach to set policy rates, so let’s examine the lowest cost auto insurance companies in Arizona. It’s important to know that Mesa auto insurance rates are impacted by many factors that control the price you have to pay. Simply getting older, moving to a different location, or getting into an accident can trigger price changes that may make certain companies more affordable than the competition.
Best Insurance Companies for Your Equinox
The Hartford quotes some of the best car insurance rates in Mesa at around $845 annually. This is $583 less than the average rate paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA would also be considered some of the best Mesa, AZ car insurance companies.
In the above example, if you are insured with Safeco and switched to The Hartford, you might achieve an annual premium reduction of upwards of $78. Drivers with Auto-Owners might save as much as $79 a year, and Travelers policyholders might lower prices by up to $241 a year.
Understand that those prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a vehicle location for a Chevrolet Equinox. So the company that is best suited for you may not even be in the top 28 companies shown above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Full coverage rates compared to liability-only
Saving money on auto insurance is probably important to most vehicle owners, and one way to pay less for insurance for a Chevrolet Equinox is to only buy liability insurance. The chart below shows the difference between car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no accidents, no driving violations, $500 deductibles, single status, and no additional discounts are factored in.
If the expense is averaged for all age categories, physical damage coverage costs an extra $1,810 per year more than insuring for liability only. That is a large expense which might make you wonder if buying full coverage is a waste of money. There is no exact formula that is best for determining when to drop full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
Don’t make the mistake of not shopping around
Mesa, AZ auto insurance rates are calculated based on many things that may substantially change your annual premium. Simply turning a year older, moving across town, or getting a DUI can trigger price changes that may make certain companies cheaper in comparison to the competition. Not only that, but car insurance companies amend pricing as often as every three months to adjust for heavy claims or excess profits. Higher than normal claims may result in price increases, while long-term profits can produce cheaper Equinox insurance rates.
To illustrate this example, the chart below analyzes the cheapest car insurance in Mesa, AZ for a 30-year-old female driver with a clear driving record, no claims, and excellent credit. If we estimate rates based on her personal profile, The Hartford might offer the most affordable car insurance rates in Mesa at $1,115 a year. This is $313 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are the remaining cheapest Mesa, AZ auto insurance companies.
In the next rate comparison, we’ll give the driver from above an at-fault accident, poor credit, and a blemish on her driving record. Due to the fact that each insurance company uses a different method for setting prices, analyzing rates could now result in a different ranking of the cheapest car insurance companies in Mesa as shown below.
Progressive now has the best auto insurance rate in Mesa with CSAA, Ameriprise Group, Allied, and Farm Bureau Mutual completing the list. This demonstrates why it is important to spend some time comparing rates to get the lowest auto insurance rates for a Chevrolet Equinox.
Car insurance prices are influenced by many factors and change dramatically, so the cheapest company when you last compared rates may now be one of the more expensive options.