How Much is Insurance for a Chevrolet Equinox in Kentucky?

Your chances of finding the cheapest coverage for a Chevrolet Equinox in Kentucky depends on many factors such as when you were born, whether or not you are currently insured, and deductible levels for physical damage coverage. Kentucky drivers on average pay around $880 each year to insure a Chevrolet Equinox, but that rate is a projection using rate data for a 50-year-old married female driver who requires full coverage and $250 deductibles.

The issue that arises when projecting rates is that it’s very likely that you are not a 50-year-old female, possibly single instead of married, and there is a good chance that you need different coverage limits than the exampe. What seems to be a small difference in the rating input factors may result in significant differences in how much coverage for a Chevrolet Equinox costs.

Having different needs demonstrates why your best chance at finding the cheapest coverage for your Chevrolet is to quote often and with as many companies as possible. To cut your rates now, get a free quote and you will receive prices from the cheapest companies that offer coverage in Kentucky.

View Chevrolet Equinox Insurance Rates

The specific model of Equinox tends to have a direct effect on the cost of coverage, so the rate you will pay to insure a Equinox LS 2WD trim level will be $90 less expensive the insurance cost for the more well-appointed Equinox LTZ AWD trim level, as shown in the chart below.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price information does not factor in specific Kentucky garaging location which can influence premium rates significantly.

Deciphering which company has the lowest-priced insurance rates for a Chevrolet Equinox takes a little more work in order to find the best price. Every car insurance company has their own formula for setting rates, so we’ll take a look at the insurance companies with the most affordable rates in Kentucky.

Keep in mind that Kentucky insurance rates are calculated based on many things that will increase or decrease the price of coverage. Simply getting older, getting divorced, or getting into an accident can produce rate changes resulting in some companies being affordable when they were higher priced.

Cheapest Insurance Rates for Your Equinox

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Cincinnati Insurance normally has some of the lowest car insurance rates in Kentucky at around $1,126 per year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also some of the lowest-priced Kentucky car insurance companies.

As shown in the rates above, if you are insured with Auto-Owners and switched to Cincinnati Insurance, you might see annual savings of in the vicinity of $231. Insureds with Motorists Mutual might save as much as $491 a year, and Grange Mutual insureds might reduce prices by as much as $499 a year.

To find cheap insurance for a Chevrolet Equinox in Kentucky for your vehicle, click here to start your free quote or visit any of the companies below.

Understand that those policy rates are averaged for all ages of drivers and types of vehicles and do not take into consideration a specific rate value for a Chevrolet Equinox. So the company that can offer you the best price may not even be in the rate chart shown above. That point stresses why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.

Cost comparison with and without full coverage

Finding cheap insurance for a Chevrolet Equinox in Kentucky should be important to most drivers, and one way to pay lower rates for insurance is to buy liability only. The chart below illustrates the comparison of insurance rates with full physical damage coverage compared to only buying liability only. The costs are based on no accidents, no driving violations, $1,000 deductibles, single status, and no discounts are factored in.

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If we average the cost for all age groups, physical damage insurance costs an additional $1,622 per year more than just insuring for liability. That raises the question if physical damage coverage is worth the money. There is no definitive formula to delete physical damage coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after paying your policy deductible. If you are paying in excess of $200 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are some cases where dropping physical damage coverage is not a good idea. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.

Get discount Kentucky insurance

Insurers that offer cheap insurance for a Chevrolet Equinox in Kentucky may also give you special discounts that can reduce rates by as much as 35% if you are eligible to receive them. The best insurance companies and some of the discounts can be read below.

The diagram below illustrates the comparison of auto insurance rates with and without discounts applied. The premiums are based on a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with accident-free, safe-driver, multiple vehicle, vehicle safety, claim-free, and homeowner discounts applied. When taking advantage of discounts, the average savings per year on insurance for a Chevrolet Equinox is 32% or $821.

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How to find the cheapest insurance for a Chevrolet Equinox

It’s not impossible to find cheaper rates, and here are some money-saving suggestions that can help Kentucky drivers find cheap coverage.

• Maintaining good credit helps earn cheaper rates
• Frequent claims may make car insurance unaffordable
• Raise your physical damage coverage deductibles
• Avoid getting tickets or violations
• Insure your home and auto with the same company
• Remain accident-free and save
• Compare price quotes at least once a year

The last suggestion is highly necessary, as we pointed out in this piece. Coverage prices in Kentucky can be modified anytime, so don’t be afraid to buy from a new company if you find a better deal. Staying with the same car insurance company is fine, but it isn’t a good idea if it’s costing you money that could be going to better use. Take a few minutes and compare prices to find cheaper auto insurance for a Chevrolet Equinox.

State Farm, Geico, Allstate, or Progressive: Who is cheapest?

If you want the best insurance for an Equinox in Kentucky, four companies to consider are State Farm, Geico, Allstate, and Progressive. When combined, they make up 48.5% of the entire U.S. market share. The data below compares and contrasts pricing and service ratings, plus some optional coverages that may be available in Kentucky.