How Much Does Insurance Cost for a Chevrolet Equinox in North Carolina?

The likelihood of finding cheap coverage for a Chevrolet Equinox in North Carolina is contingent on a large number of factors such as age of the vehicle, whether you have good credit, and if your driving record shows any at-fault accidents. Drivers on average pay approximately $580 each year for Equinox insurance, but that rate is an estimation that uses a 40-year-old married male that purchased comprehensive and collision coverage and $1,000 deductibles.

But there is a high probability that you are not 40 years old and maybe not even male, single instead of married, or maybe your Equinox doesn’t need comprehensive and collision coverage. Auto insurance is not the same for everyone, so your best chance at finding cheap insurance prices for your Chevrolet is to quote often and with as many companies as possible.

Save Now on Equinox Insurance

Vehicle trim level tends to have a direct effect on the yearly cost, so the cost to insure a Equinox LS 2WD will be $48 cheaper than the price to insure the fancier Equinox LTZ AWD trim level, as shown in the table below.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in garaging location in North Carolina which can alter insurance rates considerably.

Best auto insurance in North Carolina

Finding a high-quality insurance provider can be challenging considering how many companies are available to choose from in North Carolina. The rank data in the lists below can help you select which car insurance companies you want to consider when trying find the best insurance for a Chevrolet Equinox.

The rankings below are only made up of large, nationwide insurance companies, so smaller companies that only insure vehicles in North Carolina are not taken into consideration for these rankings. To compare rates from the insurers below and more, click here.

Does it make sense to buy full coverage?

Finding cheap insurance for a Chevrolet Equinox in North Carolina is probably important to the majority of people, and a great way to pay lower rates for insurance is to not buy full coverage. The information below visualizes the comparison of insurance premiums with full phyical damage coverage and with liability coverage only. The premium estimates are based on no tickets, no at-fault accidents, $100 deductibles, drivers are single, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3207,891],[‘Age 30’, 1649,493],[‘Age 40’, 1643,457],[‘Age 50’, 1493,429],[‘Age 60’, 1443,421],[‘Age 70’, 1737,561]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Equinox in North Carolina’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If all age groups are averaged, comp and collision coverage costs $1,862 per year more than insuring for liability only. That is a large expense and it proposes the question if buying full coverage is worth the money. There is no definitive formula that works best for making the decision to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

There are some situations where dropping physical damage coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Why are you paying too much for Equinox insurance?

North Carolina auto insurance rates are based on many factors that will increase or decrease the price of coverage. Simply turning a year older, buying a different home, or getting a reckless driving citation may cause policy rate changes that can make some companies affordable when they were higher priced.

Not only may things change on your end, but insurance companies amend premium rates without warning in order to remain profitable. Unexpectedly high claims can cause higher rates, while lower claim expenses may result in cheaper Equinox insurance rates.

The chart below demonstrates which company has the cheapest car insurance in North Carolina for a 45-year-old female driver with no accidents or violations, and great credit. If we look at prices based on her personal risk profile, Progressive may offer the most affordable car insurance rates in North Carolina at $658 per year. This is $214 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, NC Farm Bureau, and GEICO round out the rest of the cheapest North Carolina auto insurance companies.

google.charts.setOnLoadCallback(drawNCWitcqcibChart);function drawNCWitcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Progressive’, 658, ‘#09836F’],[‘Utica National’, 662, ‘#076D5C’],[‘Liberty Mutual’, 700, ‘#055A4C’],[‘NC Farm Bureau’, 730, ‘#044B3F’],[‘GEICO’, 742, ‘#033E34’]]);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:842,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);}

The chart below compares rates after we give the driver from the above example a chargeable claim, a lower credit score, and a traffic citation. Since each auto insurer has their own unique process for setting rates, analyzing rates could now result in a completely different list of affordable North Carolina car insurance companies as shown below.

google.charts.setOnLoadCallback(drawNCWcqcibChart);function drawNCWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Titan’, 826.1, ‘#C77F00’],[‘State Farm’, 831.6, ‘#A56900’],[‘Auto-Owners’, 928.4, ‘#895700’],[‘National General’, 969.1, ‘#724800’],[‘Allied’, 991.1, ‘#5F3C00’]]);var options = {title: ‘Best Rates with Imperfect Driving Record’,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:1091.1,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);}

Titan now has the best car insurance rate in North Carolina with State Farm, Auto-Owners, National General, and Allied also being competitive. This demonstrates why consumers need to take the time to compare as many rates as possible to get the lowest car insurance rates for a Chevrolet Equinox. Insurance prices are influenced by many different factors and change substantially, so the cheapest company a year ago may now be priced much higher than other options.

Tips for finding economical auto insurance for a Chevrolet Equinox

It is possible to find better rates, and here are some of the better penny-pinching solutions that can help North Carolina drivers locate low-cost coverage.

• Violations and traffic tickets increase rates
• Save money by staying claim-free
• Multi-policy discounts save money
• Accidents can significantly increase rates
• Buy vehicles with good safety ratings
• Shop around for cheaper prices

The last suggestion is extraordinarily vital, as we pointed out in this write-up. Coverage prices in North Carolina adjust frequently, so drivers shouldn’t be reluctant to switch carriers if a more affordable price is available.

Being loyal to a particular company is commendable, but it’s not a good idea if that loyalty ends up costing several hundred dollars every year. In just a couple of minutes you could compare prices to find cheaper car insurance for a Chevrolet Equinox.