Locating better insurance prices for a new or used Chevy Equinox in Colorado could be a painful process, but you can follow a few tricks and make it easy.
There is a right way and a wrong way to find auto insurance online so you're going to learn the absolute fastest way to get price quotes for a new or used Chevy and locate the lowest possible price.
It's smart to compare rates before your next renewal because auto insurance prices are variable and change quite frequently. Despite the fact that you may have had the lowest price on Chevy Equinox insurance in Denver six months ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because I'm going to teach you one of the easiest ways to remove unneeded coverages and save money.
Comparing quotes for more affordable protection in Denver is not as difficult as people think. If you have coverage now or just want a better rate, you can learn to find the best rates while maintaining coverages. Smart shoppers just need to understand the proper way to quote multiple rates using one simple form.
Cheapest companies for Chevy Equinox insurance
The following companies have been selected to offer price quotes in Denver, CO. If several companies are displayed, we recommend you get rate quotes from several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$192||$288||$460||$28||$138||$1,106||$92|
|Equinox LT 2WD||$130||$244||$338||$20||$100||$832||$69|
|Equinox LS AWD||$144||$282||$368||$22||$110||$926||$77|
|Equinox LT AWD||$246||$420||$362||$22||$108||$1,158||$97|
|Equinox LTZ 2WD||$162||$332||$368||$22||$110||$994||$83|
|Equinox LTZ AWD||$278||$496||$362||$22||$108||$1,266||$106|
|Equinox LTZ AWD||$278||$496||$362||$22||$108||$1,266||$106|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in specific Denver garaging location which can modify premiums greatly.
Physical damage deductible comparison
The diagram below shows how choosing a deductible and can increase or decrease Chevrolet Equinox insurance rates for different age categories. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Get cheaper rates on Chevy Equinox insurance in Denver with these auto insurance discounts
Some companies don't list the complete list of policy discounts in a way that's easy to find, so the list below details some of the best known and the harder-to-find credits that you can use to lower your rates. If you're not getting every credit possible, you are throwing money away.
- One Accident Forgiven - This one isn't a discount, but some companies like Progressive, State Farm and GEICO permit an accident before they charge you more for coverage so long as you haven't had any claims for a specific time period.
- Discount for Low Mileage - Maintaining low annual mileage could qualify for slightly better premium rates than normal.
- Life Insurance - Select auto insurance companies reward you with a discount if you purchase life insurance.
- Early Switch Discount - A few companies allow discounts for switching policies early. Ten percent is about the average savings.
- Multiple Cars - Buying coverage for multiple vehicles on a single policy can reduce rates for all insured vehicles.
- Discounts for Responsible Drivers - Drivers who avoid accidents may save up to 50% more than less cautious drivers.
Discounts reduce rates, but you should keep in mind that most credits do not apply to the entire cost. Most cut the cost of specific coverages such as liability and collision coverage. Even though the math looks like adding up those discounts means a free policy, auto insurance companies aren't that generous.
If you would like to choose from a list of providers who offer discounts in Denver, follow this link.
The Chevy Equinox Insurance Rate Equation
Many factors are part of the equation when premium rates are determined. A few of the factors are predictable like a motor vehicle report, but other factors are more transparent such as your marital status or your commute time. Part of the auto insurance buying process is learning the rating factors that come into play when calculating the price you pay for auto insurance. If you know what determines premiums, this enables informed choices that could result in lower premium levels.
Your car's features help determine prices - Buying a car with advanced anti-theft systems can help lower your rates. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all help stop auto theft and help lower rates.
Choose high IIHS safety ratings and save - Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles reduce the chance of injuries and lower rates of occupant injuries means your insurance company pays less which can mean better rates for you. If your Chevy Equinox scored better than an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
Your spouse saves you money - Walking down the aisle can actually save you money when buying auto insurance. Marriage means you're more responsible and insurance companies reward insureds because married couples file fewer claims.
Big city or small town - Living in small towns and rural areas may provide you with better prices when shopping for auto insurance. Urban drivers regularly have more auto accidents and more time behind the wheel. Fewer people means a lower chance of having an accident and lower theft and vandalism rates.
Teenagers are high risk - Older drivers tend to be more responsible, are lower risk to insure, and get fewer tickets.Young drivers have been known to get distracted easily when at the wheel of a vehicle so auto insurance rates are higher.
Cheaper rates with high coverage deductibles - Coverage for physical damage, aka comp and collision, insures against damage to your Chevy. A few examples of covered claims are a broken windshield, hail damage, and rolling your vehicle. Deductibles for physical damage define the amount the insured will be required to pay if a covered claim is submitted. The higher the amount you pay before a claim is paid (deductible), the less your company will charge you for insurance.
Multi-policy discounts can save money - Most major insurance companies afford lower prices for people who consolidate policies with them such as combining an auto and homeowners policy. Even with this discount applied, consumers should still check prices from other companies to help guarantee you have the best rates.
Always keep your auto insurance policy in force - Letting your insurance expire can be a fast way to pay more for auto insurance. In addition to paying higher rates, getting caught without coverage might get you fines or a revoked license. You may need to file a SR-22 with the Colorado motor vehicle department.
Insurance loss probability for a Chevy Equinox - Companies use claims history to calculate a price that will offset any claims. Vehicles that the data determines to have a trend towards higher claim severity or frequency will have a higher cost to insure.
The next table illustrates the historical loss data for Chevy Equinox vehicles. For each policy coverage type, the claim amount for all vehicles averaged together is set at 100. Percentages below 100 indicate a favorable loss history, while values that are above 100 indicate more frequent losses or a tendancy for losses to be larger than average.
Chevrolet Equinox Insurance Claim Statistics
|Vehicle 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When do I need an agent's advice?
When selecting adequate coverage, there is no "perfect" insurance plan. Your financial needs are unique so your insurance should reflect that These are some specific questions can help discover whether or not you might need an agent's assistance.
- When should I buy a commercial auto policy?
- Who is covered by my policy?
- Will filing a claim cost me more?
- What is glass protection for?
- Why do I need rental car insurance?
- What discounts do I qualify for?
- Does my policy pay for OEM or aftermarket parts?
- How can I get my company to pay me more for my totalled car?
- Can my teen driver be rated on a liability-only vehicle?
- Is rental equipment covered for theft or damage?
If you're not sure about those questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It's fast, free and can help protect your family.
Local insurance agents
A small number of people would prefer to buy from a licensed agent. Agents can make sure you are properly covered and will help you if you have claims. One of the benefits of comparing insurance online is the fact that drivers can get lower premium rates and still have an agent to talk to. Buying from and supporting local agents is definitely important in Denver.
To help locate an agent, after submitting this quick form, your insurance coverage information is emailed to local insurance agents that can give you free Denver car insurance quotes for your coverage. It simplifies rate comparisons since you won't have to search for any insurance agencies due to the fact that quote results will go directly to you. If you have a need to compare prices for a specific company, you can always visit that company's website and fill out the quote form the provide.
Selecting an insurer needs to be determined by more than just a low price. Some important questions to ask are:
- Who are their largest clients?
- Does the company allow you to choose your own collision repair facility?
- Do you qualify for any additional discounts?
- Which members of your family are coverage by the policy?
- Will one accident increase rates?
- Can they give you a list of client referrals?
- Do they have any clout with companies to ensure a fair claim settlement?
- Is the coverage adequate for your vehicle?
Budget-conscious Chevy Equinox insurance can be sourced on the web and with local Denver insurance agents, so you need to shop Denver car insurance with both to get a complete price analysis. Some insurance providers do not provide online rate quotes and many times these smaller companies sell through local independent agents.
When you buy Denver car insurance online, you should never buy poor coverage just to save money. In many instances, someone sacrificed uninsured motorist or liability limits only to find out that it was a big error on their part. Your aim should be to buy the best coverage you can find at the best price, not the least amount of coverage.
You just read a lot of information how to shop for Chevy Equinox insurance online. It's most important to understand that the more price quotes you have, the higher the chance of saving money. You may even find the biggest savings come from a company that doesn't do a lot of advertising. Regional companies may have significantly lower car insurance rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.
Additional detailed information is located by following these links:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- What is the Best Auto Insurance in Boulder, Colorado? (FAQ)
- Who Has the Cheapest Car Insurance Rates with Multiple Speeding Tickets in Colorado? (FAQ)
- Help Your Teen Be a Better Driver (State Farm)
- Drunk Driving Statistics (Insurance Information Institute)
- What is Gap Insurance? (Insurance Information Institute)