Who Has the Cheapest Insurance for a Chevrolet Equinox in Massachusetts?

The chances of buying cheap auto insurance for a Chevrolet Equinox in Massachusetts hinges on factors such as how old the Equinox is, whether or not you have had gaps between policies, and if your driving record shows any at-fault accidents. Drivers in Massachusetts pay approximately $710 per year for Equinox insurance, but that cost is a ballpark figure based on rate data for a 50-year-old married male that includes both comprehensive and collision coverage and $1,000 policy deductibles.

The problem with using this number is the good chance you are not exactly 50 years old and possibly not even male, maybe you are single instead of married, or maybe you have a couple of speeding tickets. Auto insurance prices are based on the driver profile the only real way to find affordable rates for your Chevrolet is to shop your policy around every couple of years.

Cheapest Chevrolet Equinox Insurance Rates

The trim level of your Chevrolet can impact the cost of coverage, so the price you will be charged to insure a Equinox LS 2WD trim level will be $58 cheaper than the price to insure the more well-appointed Equinox LTZ AWD model, as shown in the chart below.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can change coverage rates greatly.

Locating affordable car insurance is not always easy, and figuring out which insurers offer the cheapest auto insurance rates for a Chevrolet Equinox will take even more work. Each insurer has a different formula for setting rates, so we’ll take a look at the lowest cost auto insurance companies in Massachusetts.

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State Farm normally has some of the most affordable car insurance rates in Massachusetts at around $711 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also rank well as some of the lowest-priced Massachusetts auto insurance companies.

In this example, if you currently have a policy with GEICO and switched to State Farm, you could realize a yearly savings of around $139. Massachusetts drivers with Commerce Group may save as much as $200 a year, and OneBeacon insureds might lower prices by up to $201 a year.

Understand that those estimates are averages across all insureds and vehicles and and are not figured with a specific rating modification for a Chevrolet Equinox. So the auto insurance company that fits your age and vehicle best may not even be shown in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.

Discounts on the cheapest insurance for a Chevrolet Equinox in Massachusetts

Insurance companies that provide policies for a Chevrolet Equinox may also provide policy discounts that can reduce rates by as much as 40% or more if you can meet the requirements. A list of companies and some of the premium reductions they offer are included below.

• State Farm may have discounts that include good driver, multiple autos, accident-free, Steer Clear safe driver discount, defensive driving training, and multiple policy.
• GEICO includes discounts for multi-vehicle, federal employee, driver training, membership and employees, five-year accident-free, and defensive driver.
• SAFECO has savings for teen safe driver, anti-lock brakes, multi-car, safe driver, and bundle discounts.
• Farmers Insurance offers discounts for homeowner, multi-car, youthful driver, business and professional, teen driver, pay in full, and bundle discounts.
• AAA offers premium reductions for AAA membership discount, good driver, multi-policy, pay-in-full, and good student.
• USAA may include discounts for multi-policy, family discount, loyalty savings, good student, and annual mileage.

The information below shows the difference between auto insurance costs with and without discounts applied to the premium. The price estimates are based on a male driver, no claims or violations, Massachusetts state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with defensive driving course, claim-free, passive restraint, marriage, safe-driver, and anti-theft discounts applied. When these discounts are applied to the policy premium, the the average yearly reduction on auto insurance for a Chevrolet Equinox is 28% or $575.

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Cost difference between full coverage and liability

Finding the cheapest insurance for a Chevrolet Equinox in Massachusetts is the goal of the majority of people, and one of the fastest ways to find cheap insurance is to buy liability only. The illustration below visualizes the comparison of insurance costs when comparing full coverage to liability only. The premiums assume no accidents or driving violations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

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If we average the cost for ages 20 through 70, physical damage coverage on your policy costs an additional $1,661 per year over liability only. That raises the question if full coverage is worth the money. There is no written rule of when to exclude physical damage coverage, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

There are some situations where removing full coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Who has the cheapest Chevrolet Equinox insurance quotes?

You have many ways to shop around for auto insurance in Massachusetts, but the most common are through an exclusive agency such as State Farm or Allstate, an independent agent, or from a direct company like Progressive. Each way is similar, but they differ slightly in how they provide price quotes.

Independent agencies are appointed by several companies and can compare coverage rates with all of them. These types of agencies can quote with many companies and quote rates with many companies, which can help you get the best chance of finding a lower price. If they quote lower rates, they simply switch companies in-house and you don’t have to do anything.

An agent who is captive is only able to give prices for one insurance company, two of the more popular are State Farm and Auto-Owners agents. Exclusive agents cannot compare other company’s rates, so always compare other rates.

The third way to buy auto insurance is direct which means you do not use local insurance agents and instead buy direct either online or via phone. Shopping direct can be good for people who do not have complex finances and understand how auto insurance works.

Which method is best to buy the cheapest insurance for a Chevrolet Equinox in Massachusetts? We wish we could say buying from a direct car insurance company saves the most money since it doesn’t require paying agent commissions, but in reality, that is not true. And we’d like to say an independent agency guarantees the best prices because they can shop around, but that is not accurate either. In the right set of circumstances, exclusive agents have coverage prices that are the lowest in Massachusetts.

Since auto insurance prices are based on many different factors, the only true way to ensure you are not overpaying is to get rate quotes and compare. Experts recommend getting prices from all three types in order to have enough rates to compare. For a list of companies offering online discounts in Massachusetts, click here to view.

How to get the cheapest insurance for a Chevrolet Equinox in Massachusetts

The list below summarizes some of the recommended penny-pinching suggestions that can help Massachusetts drivers locate cheaper auto insurance.

• Do not get into accidents
• Save money by bundling your home and auto policies
• Frequent claims will increase rates
• Safe vehicles generally have lower rates
• Do not get traffic citations
• Compare rates and switch if you can find a better deal

That last idea is very vital, as was emphasized in the article above. Auto insurance rates can be adjusted at any time, so don’t be tentative to change insurance companies if a cheaper rate is available.

Many consumers stick with the same company and that’s fine, but it’s not a good idea if that stubbornness costs you lots of hard earned cash every month. In just a couple of minutes you could shop around to find cheaper insurance for a Chevrolet Equinox.