Want to learn a better way to compare the cheapest Chevy Equinox insurance in Aurora? Having to pay for overpriced Chevrolet Equinox insurance in Aurora can dwindle your monthly budget and make it impossible to make ends meet. Performing a rate comparison can save money and help to make ends meet.
It's shocking but nearly 70% of customers have stayed with the same insurance company for a minimum of four years, and practically 40% of auto insurance customers have never compared auto insurance rates at all. With the average auto insurance premium being $1,810, Colorado drivers could pocket $605 a year, but they mistakenly think it's difficult to compare rate quotes online.
Online insurance companies like State Farm and GEICO constantly bombard you with ad campaigns and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.
Smart consumers take time to do rate comparisons at least once a year because insurance prices are rarely the same from one policy term to another. Just because you had the best deal on Chevy Equinox insurance in Aurora six months ago there is a good chance you can find better premium rates now. Forget all the misinformation about auto insurance because we're going to demonstrate how to quote online to get good coverage on Chevy Equinox insurance in Aurora at a lower rate.
When quoting insurance, remember that making a lot of price comparisons increases the chance that you will find the best rates. Not every company does rate quotes online, so you should also compare price estimates from them as well.
The providers in the list below are our best choices to provide free rate quotes in Aurora, CO. If more than one company is shown, we recommend you visit two to three different companies to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$152||$264||$362||$22||$108||$908||$76|
|Equinox LT 2WD||$276||$502||$362||$22||$108||$1,270||$106|
|Equinox LS AWD||$190||$362||$368||$22||$110||$1,052||$88|
|Equinox LT AWD||$144||$282||$368||$22||$110||$926||$77|
|Equinox LTZ 2WD||$214||$448||$396||$24||$118||$1,200||$100|
|Equinox LTZ AWD||$244||$500||$426||$26||$128||$1,324||$110|
|Equinox LTZ AWD||$192||$360||$330||$20||$98||$1,000||$83|
|Get Your Own Custom Quote Go|
Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in specific location information which can revise premium rates substantially.
Full coverage rates compared to liability-only
The illustration below shows the comparison of Chevrolet Equinox premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The premiums are based on no claims, a clean driving record, $250 deductibles, married female driver, and no discounts are applied.
When to drop full coverage
There is no exact formula of when to exclude full coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let's assume your Chevrolet Equinox replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $2,000 after the policy deductible has been paid. If you are currently paying more than $200 a year to have full coverage, then you may need to consider dropping full coverage.
There are a few cases where only buying liability is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle in case of an accident, you should not eliminate full coverage.
Impact of age and gender on auto insurance rates
The information below shows the comparison of Chevrolet Equinox auto insurance costs for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, drivers are not married, and no discounts are applied.
An analysis of deductible level
The information below demonstrates how deductible levels and can increase or decrease Chevrolet Equinox insurance premiums for different age groups. The data assumes a married male driver, full physical damage coverage, and no policy discounts are applied.
Insurance discounts help lower rates for Chevy Equinox insurance in Aurora
Companies that sell car insurance do not list the complete list of policy discounts in a way that's easy to find, so the following is a list of a few of the more well known and the harder-to-find credits available to lower your premiums when you buy Aurora auto insurance online.
- More Vehicles More Savings - Buying insurance for all your vehicles on a single policy can get a discount for every vehicle.
- Payment Method - By paying your policy upfront instead of making monthly payments you can avoid monthly service charges.
- First Accident Forgiveness - This one is not really a discount per se, but some insurance companies will turn a blind eye to one accident without raising rates so long as you are claim-free for a particular time prior to the accident.
- Good Student - Getting good grades can get you a discount of up to 25%. The discount lasts up to age 25.
- Braking Control Discount - Cars with anti-lock braking systems prevent accidents and will save you 10% or more on Equinox insurance in Aurora.
As a footnote on discounts, most discounts do not apply to the entire cost. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, it's just not the way it works.
To choose insurance companies that offer the discounts shown above in Colorado, click this link.
Eight factors that impact insurance costs
Smart consumers have a good feel for some of the things that help calculate car insurance rates. When you understand what influences your rates, this enables you to make decisions that may result in better car insurance rates. Many things are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as your driving history, but some are not as apparent like where you live or how financially stable you are.
The factors shown below are some of the most common factors used by insurance companies to determine your rate level.
Are you male or female? - Over the last 50 years, statistics have shown females are less aggressive when driving. That doesn't necessarily mean that females are better drivers. Women and men have at-fault accidents in similar numbers, but guys tend to have more serious accidents. They also have more aggressive citations such as DWI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive car insurance rates.
Only buy what you need - Insurance policies have a lot of optional add-on coverages that may not really be needed if you aren't diligent. Insurance for personal injury protection, towing coverage, and motor club memberships could be just wasting money. The coverages may be enticing at first, but your needs may have changed so consider taking them off your policy.
Safer vehicles cost less to insure - Cars with five star safety ratings tend to have lower insurance rates. Vehicles engineered for safety have better occupant injury protection and fewer serious injuries translates into savings for insurance companies passed on to you as lower rates.
Lower rates with continuous coverage - Not maintaining insurance is a big no-no and you will pay a penalty because you let your coverage have a gap. Not only will rates go up, getting caught without coverage could result in a hefty fine and possibly a revoked license. You may have to prove you have insurance by filing a SR-22 with the Colorado department of motor vehicles.
Liability coverage is cheap - The liability coverage on your policy will protect you in the event that a jury decides you are liable for causing damage or personal injury in an accident. It provides for a legal defense which can be incredibly expensive. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should carry high limits.
Can a thief steal your car? - Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention features such as GM's OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
File a claims and pay more - If you're an insured who likes to file claims you can expect either higher rates or even cancellation. Auto insurance companies in Colorado provide the lowest premiums to people who do not file claims often. Auto insurance is meant to be used in the event of more catestrophic claims.
Fewer miles means better premiums - Driving more miles in a year's time the more it will cost to insure it. The majority of insurers charge to insure your cars based upon how you use the vehicle. Cars that sit idle most of the time cost less to insure than cars that get driven a lot. Ask your agent if your car insurance policy states the correct usage for each vehicle, because improper ratings can cost you money. Improper usage on your Equinox can cost quite a bit.
Loss probability for a Chevy Equinox - Car insurance companies use claims history when setting premium rates. Models that are shown to have increased losses will have higher premium rates. The data below shows the loss history for Chevy Equinox vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles as a whole is a value of 100. Values below 100 suggest a positive loss record, while values that are 100 or greater indicate more frequent claims or tendancy to have larger claims.
Chevrolet Equinox Insurance Loss Statistics
|Vehicle 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|
Statistics from IIHS.org for 2013-2015 Model Years
Get rate quotes but still have a local Aurora insurance agency
A small number of people still prefer to buy from a licensed agent and that is just fine! The biggest benefit of comparing car insurance online is that you can obtain better rates and still buy from a local agent. Supporting neighborhood agents is important particularly in Aurora.
To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is emailed to insurance agents in Aurora that can give you free Aurora auto insurance quotes and help you find cheaper coverage. There is no need to leave your house because quoted prices will be sent to you instantly. You can find better rates and work with a local agent. If you have a need to get a rate quote from a particular provider, feel free to find their quoting web page and fill out the quote form the provide.
Types of auto insurance agents
If you want to buy car insurance from a local insurance agency, it's helpful to know the different types of agencies and how they are distinctly different. Agencies in Aurora can either be independent (non-exclusive) or exclusive.
Independent Agencies or Brokers
Agents that choose to be independent often have affiliation with several companies so they can write business through many companies and potentially find a lower price. If they find a lower price, your policy is moved internally and that require little work on your part. When comparing rates, we recommend you get several quotes from several independent insurance agents for the best price selection.
The following are Aurora independent agents that may be able to provide free rate quotes.
BUD JUDY AGENCY, INC. (INDEPENDENT INSURANCE AGENCY)
2222 S Fraser St Unit 4 - Aurora, CO 80014 - (303) 368-5839 - View Map
Exclusive Car Insurance Agents
Agents that elect to be exclusive can usually just insure with one company and examples are AAA, Allstate, and State Farm. Exclusive agencies are unable to provide prices from multiple companies so they have to upsell other benefits. Exclusive insurance agents receive extensive training on sales techniques which can be an advantage.
Below are exclusive insurance agents in Aurora that can give you price quote information.
Finding the right car insurance agent should depend on more than just a cheap price. Here are some questions you should ask.
- Does the agency have a good rating with the Better Business Bureau?
- Does the agent have a valid license to sell insurance in Colorado?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Where are claims handled?
- Which family members are covered?
- Will their companies depreciate repairs to your car based on the mileage?
You may need specialized insurance coverage
When selecting proper insurance coverage, there really isn't a perfect coverage plan. Every situation is different so your insurance should reflect that For instance, these questions can aid in determining if you might need an agent's assistance.
- Who sells insurance for high-risk drivers?
- I have a DUI can I still get coverage?
- Do I have ACV or replacement cost coverage?
- What is motorclub and do I need it?
- Are rock-chip repairs free?
- Are split liability limits better than a combined single limit?
If you can't answer these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.
More effort can pay off
Cheaper insurance in Aurora can be purchased online in addition to local insurance agencies, and you should compare price quotes from both to have the best selection. Some insurance companies may not offer internet price quotes and many times these regional carriers provide coverage only through independent agents.
We just showed you some good ideas how you can compare Chevy Equinox insurance prices in Aurora. The key thing to remember is the more rate comparisons you have, the higher your chance of finding affordable Chevrolet Equinox insurance quotes. Drivers may even discover the biggest savings come from the smaller companies. Regional companies may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.
To learn more, take a look at the following helpful articles:
- Vehicle Insurance (Wikipedia)
- Who Has Cheap Colorado Car Insurance Rates for Good Students? (FAQ)
- Who Has the Cheapest Colorado Car Insurance for Young Drivers? (FAQ)
- What is the Cheapest Car Insurance in Commerce City, Colorado? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a 20 Year Old Male in Colorado? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Collision Coverage (Liberty Mutual)