Cheapest Insurance Quotes for a Chevrolet Equinox in Virginia

Our staff writers always rib each other than when writing about auto insurance, the words cheap or affordable should never be used anywhere in the article to describe car insurance prices. Sad but true, cheap car insurance for a Chevrolet Equinox does not exist. Don’t let that discourage you, because we will show you how you can still find coverage that you can fit into your budget.

The likelihood of finding the cheapest coverage for a Chevrolet Equinox in Virginia relies on a calculation that uses factors such as whether you own a home, where you live, and citations on your driving record. Drivers will pay on average $640 annually to insure their Equinox, but that cost is an estimation calculated based on a 50-year-old single female driver with comprehensive and collision coverage and $1,000 deductibles.

When making auto insurance estimates, the issue arises that you are not 50 and possibly not even female, married instead of single, and there is a good chance that you need different coverage limits than the exampe. Having the smallest difference in quote information can lead to a significant difference in rate quotes.

This shows why the most reliable method for finding affordable rates for your Chevrolet is to get into the habit of shopping around regularly. Quotes are free and you can get rates from some of the best insurers that offer coverage in Virginia.

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The trim level of your Equinox can impact the coverage cost, so the rate you pay to insure a Equinox LS 2WD model will be $52 less than the price to insure the higher-priced Equinox LTZ AWD version, as shown in the prices below.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in vehicle location which can decrease or increase premiums greatly.

Deciphering which company offers the cheapest car insurance rates for a Chevrolet Equinox may require more time than just quoting one company’s rates. Every insurance provider has a proprietary formula to establish rates, so let’s take a look at the car insurance companies that tend to be cheaper in Virginia.

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Travelers may have some of the cheapest car insurance rates in Virginia at around $659 a year. USAA, Penn National, Cincinnati Insurance, and The Hartford also are some of the most economical Virginia insurance companies.

In the rate table above, if you are a policyholder with Penn National and switched to Travelers, you could earn a yearly savings of roughly $59. Drivers with Cincinnati Insurance may save as much as $74 a year, and The Hartford insureds might reduce prices by as much as $118 a year.

If you want to find out if you’re overpaying, click here to start a quote or click several companies below for low rates.

Be aware that those prices are averaged for all insureds and vehicles and do not factor in a specific rating modification for a Chevrolet Equinox. So the insurer that is most affordable for your situation may not even be included in the company chart above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.

The chart below illustrates how choosing a deductible can increase or decrease insurance costs when quoting cheap insurance for a Chevrolet Equinox. The premiums assume a married female driver, comp and collision included, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1933,1771,1587,1411],[‘Age 30’, 1355,1237,1103,973],[‘Age 40’, 1339,1225,1095,971],[‘Age 50’, 1175,1075,963,857],[‘Age 60’, 1119,1027,919,815],[‘Age 70’, 1203,1101,989,883]]);var options = {title: ‘Comparison of Deductible Levels and Chevrolet Equinox Insurance Rates in Virginia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Equinox’,minValue: 0,format: ‘$###,###’},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);}

A 40-year-old driver could reduce rates by $212 a year by increasing from a $100 deductible to a $500 deductible, or save $318 by changing to a $1,000 deductible. Young drivers, like the 20-year-old category, could roll back prices $522 annually just by using higher deductibles. When increasing deductibles, it is important to have enough in a savings account to enable you to pay the extra out-of-pocket expense associated with higher deductibles.

Cost difference between full coverage and liability

Finding the cheapest insurance for a Chevrolet Equinox in Virginia is the goal of most vehicle owners, and one common way to pay less for insurance is to only pay for liability coverage. The illustration below shows the difference between insurance rates with and without full coverage. The rate quotes are based on no claims or driving violations, $100 deductibles, drivers are single, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3313,921],[‘Age 30’, 1701,509],[‘Age 40’, 1701,471],[‘Age 50’, 1539,441],[‘Age 60’, 1489,435],[‘Age 70’, 1797,579]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Equinox in Virginia’,minValue: 0,format: ‘$###,###’},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, full coverage on your policy costs an additional $1,923 per year over liability only. That is a large expense which might make you wonder if buying full coverage is a good investment. There isn’t a steadfast formula of when to phase out physical damage coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

Company comparison: Progressive vs State Farm vs Allstate vs Geico

When researching insurance for an Equinox in Virginia, the companies with the most market share are Progressive, State Farm, Allstate, and Geico. When added together, they insure almost 50% of all car insurance policies written. They all offer a slightly different set of options and discounts that shoppers can select from. The next table ranks some of the different options that are available from each company.