Best Cheap Insurance Quotes for a Chevrolet Equinox in Alaska

Our editors keep telling us that when writing about car insurance, the words “affordable” or “cheap” really should not be used anywhere in the article to describe car insurance prices. Nonetheless, cheap auto insurance for a Chevrolet Equinox is not easy to find. But fear not, because we will tell you how you can quote and buy auto insurance that you are able to afford.

Your ability to find the best cheap coverage for a Chevrolet Equinox in Alaska depends upon a lot of factors such as the safety features built into your vehicle, what you do for a living, and citations on your driving record. Drivers will pay on average $980 annually to insure their Equinox, but that policy rate is an estimation based on a 30-year-old single male that has both comprehensive and collision coverage and $250 deductibles.

There is a high likelihood that you are not 30 and possibly not even male, possibly married instead of single, or maybe you live in a different part of Alaska than the example. Every policy is rated specifically for the driver, so the most reliable method for finding the cheapest rates for your Chevrolet is to make a habit of comparing prices at least once a year.

Compare Chevrolet Equinox Insurance Rates

The specific trim level will most likely have an effect on the annual cost of coverage, so the price you will be charged to insure a Equinox LS 2WD trim level will be $94 less expensive the price to insure the higher-priced Equinox LTZ AWD model, as shown by the rates below.

Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate information does not factor in specific garaging location which can change coverage prices substantially.

Finding out which companies quote the cheapest car insurance rates for a Chevrolet Equinox involves a little more work in order to find the best price.

Every insurance provider has their own unique process to determine rates, so let’s examine the car insurance companies that tend to have lower prices in Alaska. It’s important that readers know that Alaska car insurance rates are determined by lots of factors that may substantially change your annual premium. Improving your credit score, moving across town, or getting a few speeding tickets can trigger rate changes that can make some companies cheaper than before.

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Umialik generally has some of the cheapest car insurance rates in Alaska at around $901 annually. USAA, State Farm, Progressive, and GEICO would also be considered some of the lowest-priced Alaska insurance companies.

In the rate table above, if you buy coverage from GEICO and switched to USAA, you might see savings of around $1,005. Insureds with Allstate may save as much as $1,370 a year, and Safeco policyholders might reduce rates by $1,569 a year.

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

It’s important to note that these policy rates are averaged for all insureds and vehicles and are not factoring in a specific rate value for a Chevrolet Equinox. So the car insurance company that fits your situation best may not even be in the above rate chart. That emphasizes why you need to get auto insurance quotes using your own driver information and specific vehicle type.

Rate comparison of full coverage and liability-only

Finding the best cheap insurance for a Chevrolet Equinox in Alaska is the goal of most people, and one of the quickest ways to lower the cost of insurance is to only buy liability coverage. The example below shows the comparison of insurance rates with full coverage compared to only the Alaska minimum liability coverage. The premiums assume no violations or claims, $500 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 $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 2591,971],[‘Age 30’, 1361,535],[‘Age 40’, 1335,497],[‘Age 50’, 1217,465],[‘Age 60’, 1181,457],[‘Age 70’, 1453,611]]);var options = {title: ‘Full Coverage Rates Compared to Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Equinox in Alaska’,minValue: 0,format: ‘$###,###’},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);}

Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs $1,523 per year over and above liability coverage. That amount may make you wonder if you should buy full coverage. There isn’t a steadfast formula of when to exclude full coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

There are some conditions where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

The information below shows how choosing a deductible can change premium costs when trying to find cheap insurance for a Chevrolet Equinox. Data assumes a single male driver, full coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3501,3169,2809,2471],[‘Age 30’, 1797,1645,1465,1293],[‘Age 40’, 1797,1629,1445,1267],[‘Age 50’, 1629,1481,1317,1159],[‘Age 60’, 1573,1435,1275,1123],[‘Age 70’, 1899,1737,1559,1393]]);var options = {title: ‘Effect of Higher Deductibles on Chevrolet Equinox Insurance Rates in Alaska’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Equinox’,minValue: 0,format: ‘$###,###’},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 chart above illustrates that a 40-year-old driver could pocket $312 a year by switching from a $100 deductible to a $500 deductible, or save $470 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could save as much as $1,030 or even more by using higher deductibles when buying full coverage. When choosing a higher deductible, it is necessary to have spare funds to be able to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

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

When shopping for insurance for an Equinox in Alaska, four of the best places to start are Progressive, Geico, State Farm, and Allstate. When combined, they have 48.5% of all car insurance policies written. All of them have different options that you can choose from. The next table rates some of the different options and features that policyholders can buy.

Who has the cheapest Chevrolet Equinox insurance quotes?

Drivers have a lot of different ways to comparison shop for car insurance in Alaska, but the most prevalent are from a non-exclusive or independent agent, an exclusive insurance agent like Allstate or Liberty Mutual, or direct online or over the phone from a company like Geico or Progressive.

They all follow the same basic process, but they differ in how they function.

Independent agencies have contracts with multiple insurance companies and can get policy pricing from every one. They are able to compare multiple rates, which can help you get a better chance of saving money. If you are not satisfied with one company, they simply switch companies in-house without having to get a different agent.

Exclusive agencies are restricted to quoting rates for one company, a couple examples are State Farm and Auto-Owners agents. They generally cannot give you multiple price quotes, which necessitates shopping around.

If you want to buy car insurance direct, you bypass an independent or exclusive agent and instead buy buying direct from a company like Esurance or Geico. This option may be a decent choice families who do not need risk management and know more than average about what car insurance covers and what it doesn’t.

So comparing independent agents, exclusive agents, and direct, which one works best for finding the best cheap insurance for a Chevrolet Equinox in Alaska? Most people assume that buying from a direct company results in the cheapest rates since that eliminates agent commissions, but unfortunately, that is not always true. A good argument could also be made that going through an independent agent saves the most money due to having more companies to select from, but again, that’s not a true statement. In many circumstances, exclusive agents have very competitive rates that other companies cannot beat.

Because there are so many factors that make up car insurance rates, the only real way to not overpay for car insurance is to compare, compare, and compare some more. To cover all the bases, get rate quotes from independent agents, exclusive agents, and direct companies to have a good selection of rates to choose from. For a list of companies offering online discounts in Alaska, click here to view.