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

Since we’re writing about auto insurance, the word cheap really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. It’s a simple fact that cheap auto insurance for a Chevrolet Equinox can be extremely hard to find. Don’t let that get you down, though, because we are going to tell you how you can still get auto insurance that doesn’t break your budget.

The chances of finding affordable insurance for a Chevrolet Equinox in Minnesota is dependent upon a whole bunch of factors like how you use your vehicle, your current insurance company, and citations on your driving record. Drivers in Minnesota pay approximately $990 each year to buy insurance for a Chevrolet Equinox, but that cost is calculated based on a 30-year-old married male driver that purchased full coverage including both comprehensive and collision and $250 physical damage deductibles.

There is a high probability that you are not 30 and maybe not even a male, maybe you are single instead of married, or maybe you want more liability coverage than is required by law in Minnesota. Making even small differences in price quote data could result in a significant change in the amount insurance costs for a Chevrolet Equinox.

This illustrates why the best method for finding cheap insurance rates for your Chevrolet is to do the rate comparisons yourself.

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The specific model of Equinox impacts the coverage cost, so the cost to insure a Equinox LS 2WD trim level will be $102 less than the cost to insure the more expensive Equinox LTZ AWD version, as shown in the table below.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Table data does not factor in specific garaging location which can revise coverage rates noticeably.

Deciphering which company quotes the lowest-priced auto insurance rates for a Chevrolet Equinox involves a bit more effort in order to find the lowest price quote. Every car insurance company has a proprietary method to determine premium rates, so let’s rank the most competitive auto insurance companies in Minnesota.

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Travelers quotes some of the best car insurance rates in Minnesota at around $661 each year. USAA, Farm Bureau Mutual, Western National, and West Bend Mutual are also some of the best Minnesota auto insurance companies.

As the example above demonstrates, if you currently have a policy with USAA and switched to Travelers, you could realize an annual premium reduction of upwards of $138. Drivers with Farm Bureau Mutual might save as much as $144 a year, and Western National customers might lower prices by $249 a year.

Understand that those prices are averaged for all types of drivers and the different vehicles they drive and do not factor in a specific rate factor for a Chevrolet Equinox. So the car insurance company that has the cheapest price for you may not even be in the above rate chart. That emphasizes why you need to quote rates from many companies using your own driver information and specific vehicle type.

Discounts on the cheapest insurance for a Chevrolet Equinox in Minnesota

Insurance companies that offer cheap quotes for a Chevrolet Equinox may additionally offer special discounts that could potentially reduce rates by as much as 35% if you qualify. Large auto insurance companies and their possible discounts are detailed below.

The example below illustrates the difference between insurance rates with and without policy discounts. The premium estimates are based on a male driver, no claims or driving violations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with multiple vehicle, passive restraint, safe-driver, marriage, accident-free, and vehicle safety discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for a Chevrolet Equinox is 16% or $222.

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Allstate, Geico, State Farm, and Progressive compared

When buying insurance for an Equinox in Minnesota, four companies to take a look at are Allstate, Geico, State Farm, and Progressive. All of them offer physical damage and liability coverage, but each has a different combination of discounts, features, and options that drivers can select from. The data below compares and contrasts ratings and policy coverage options that are available for policyholders.