How Much is Insurance for a Chevrolet Equinox in Illinois?

Our staff writers always rib each other than when writing about car insurance, the words cheap or affordable should not appear anywhere in the article. Be that as it may, cheap auto insurance for a Chevrolet Equinox just does not exist. Don’t let that ruin your day, because we are going to tell you how you can get auto insurance that you are able to afford.

Buying cheaper coverage for a Chevrolet Equinox in Illinois relies on a lot of rating factors like your marital status, the performance level of your vehicle, and whether or not you are a good driver. Illinois drivers pay approximately $560 each year to insure their Equinox, but that amount is a valuation using rate data for a 50-year-old married male that has full coverage and $1,000 policy deductibles.

Odds are that you are not a 50-year-old male, single instead of married, or you need different deductibles. Auto insurance is unique to every driver, so the way we recommend to find the cheapest insurance price for your Chevrolet is to start the habit of comparing rates at least once a year. Get your free quotes now and you will receive prices from some of the best insurers available.

Insure Your Chevrolet for Less

The trim level of your vehicle has an effect on the coverage cost, so the cost to insure a Equinox LS 2WD trim level will be $44 less than the cost to insure the high end Equinox LTZ AWD model, as shown in the table below.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in garaging location in Illinois which can lower or raise insurance rates noticeably.

Finding out which insurers offer the most affordable insurance rates for a Chevrolet Equinox will take a little more sweat in order to find the lowest price quote.

Each insurance company has a unique approach for determining prices, so let’s look at the rankings for the most affordable insurance companies in Illinois.

Best Insurance Companies for Your Equinox

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The Hartford quotes some of the cheapest car insurance rates in Illinois at around $776 each year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance would also make the list of some of the best Illinois auto insurance companies.

As the rates illustrate above, if you currently buy coverage from Erie and switched to Rockford Mutual, you could earn annual savings of about $67. Illinois drivers with Cincinnati Insurance could save as much as $77 a year, and USAA insureds might lower prices by up to $112 a year.

It’s important to note that these prices are averaged across all drivers and vehicles in Illinois and do not factor in a specific rate factor for a Chevrolet Equinox. So the car insurance company that can offer you the lowest price may not even be in the chart above. That helps illustrate why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.

The diagram below shows how choosing a deductible can influence premium costs when trying to find cheap insurance for a Chevrolet Equinox. The premiums are based on a married male driver, comp and collision included, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2895,2625,2327,2047],[‘Age 30’, 1523,1381,1217,1061],[‘Age 40’, 1455,1325,1175,1031],[‘Age 50’, 1333,1215,1079,951],[‘Age 60’, 1309,1191,1057,931],[‘Age 70’, 1495,1367,1227,1091]]);var options = {title: ‘Comparison of Deductible Levels and Chevrolet Equinox Insurance Rates in Illinois’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Equinox’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 40-year-old driver could lower their car insurance rates by $254 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $382 by selecting a $1,000 deductible. Young drivers, like the 20-year-old, can save as much as $848 or even more just by choosing higher deductibles.

When raising deductibles, it is important to have additional funds squirreled away to be able to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Low rates can quickly become overpriced

Illinois insurance rates are determined by lots of factors that may substantially change your annual premium. Improving your credit rating, buying higher coverage limits, or getting into an accident can trigger rate changes that may make certain companies more affordable than competitors. In addition, insurers modify pricing multiple times each year to adjust for heavy claims or excess profits. A period of increased losses may cause higher priced premiums, while a lower level of claims can result in cheaper Equinox insurance rates.

The data below shows the company with the cheapest car insurance in Illinois for a 45-year-old male driver with a clear driving record, no claims, and solid credit. When quoting prices based on his personal profile, The Hartford may have the most affordable car insurance rates in Illinois at $776 per year. This is $573 less than the average price paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance round out the rest of the cheapest Illinois auto insurance companies.

google.charts.setOnLoadCallback(drawILWitcqcibChart);function drawILWitcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘The Hartford’, 776, ‘#5E9216’],[‘Rockford Mutual’, 822, ‘#4E7912’],[‘Titan’, 860, ‘#41640F’],[‘Erie’, 905, ‘#36530C’],[‘Cincinnati Insurance’, 915, ‘#2D450A’]]);var options = {title: ‘Best Cheap Car Insurance for a Chevrolet Equinox’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1015,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwitc’));chart.draw(view, options);}

In this example, we will give the driver from the first set of rates an accident claim, less-than-perfect credit, and a stop sign violation. Since each auto insurer has a different formula for determing rates in each state, comparing rates may result in a slightly different list of affordable companies as shown below.

google.charts.setOnLoadCallback(drawILWcqcibChart);function drawILWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘State Farm’, 1069.2, ‘#C75000’],[‘Utica National’, 1072.5, ‘#A54200’],[‘Travelers’, 1079.1, ‘#893700’],[‘SECURA’, 1105.5, ‘#722D00’],[‘Safeco’, 1158.3, ‘#5F2500’]]);var options = {title: ‘New Rates with Accident/Violation Surcharges’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1258.3,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

State Farm now has the cheapest price in Illinois with Utica National, Travelers, SECURA, and Safeco now rounding out the top five. This example illustrates why it is crucial to compare rates to find the most affordable auto insurance rates for a Chevrolet Equinox. Car insurance prices are calculated by many different factors and change frequently, so the most affordable company the last time you compared rates may now be priced much higher than other options.

How to find the cheapest auto insurance for a Chevrolet Equinox

It is possible to find better rates, and here are some penny-pinching solutions that can help Illinois drivers quote low-cost auto insurance.

• Earn a discount by not filing claims
• Having at-fault accidents will increase rates
• Older vehicles may not need full coverage
• Save money by obeying traffic laws and keeping a clean driving record
• Higher deductibles save money
• Compare prices frequently to find the best deal

The last idea is incredibly necessary, as was stressed in the article above. Prices charged by companies can change considerably in a year, so drivers shouldn’t hesitate to change to a new company if a cheaper price is available.

Having brand loyalty is commendable, but we do not recommend it if it’s costing you a lot of money. In just a couple of minutes you could compare rates to find cheaper car insurance for a Chevrolet Equinox.