Who Has Cheap Insurance Quotes for a Chevrolet Equinox in Colorado?

Whenever people write about car insurance, the words “affordable” or “cheap” should never appear as a descriptor for car insurance rates. Despite the oxymoron, cheap auto insurance for a Chevrolet Equinox can be extremely hard to find. But don’t let us ruin your dream, because we are going to show you how you can still find coverage that is easier on your budget.

Buying cheap coverage for a Chevrolet Equinox in Colorado depends upon a complex calculation that is influenced by things like whether you are male or female, whether or not you have filed claims in the past, and deductibles for comprehensive and collision coverage. Drivers in Colorado pay on average $1,080 per year to buy insurance for a Chevrolet Equinox, but that amount is an estimate based on rate data for a 40-year-old married female driver that has full coverage and $250 physical damage deductibles.

When estimating a car insurance rate like we just did, the issue is that you aren’t exactly 40 years old or even a female, maybe you are single instead of married, or maybe you need higher liability limits than the state minimum. Even a slight change in rating factors or requested coverage amount can generate big changes in the cost of insuring your Equinox.

Every policy is rated specifically for the driver, so your best shot at finding the most affordable coverage for your Chevrolet is to just take the time to compare rates yourself. Comparing quotes is easy and you will receive prices from some of the best insurers that insure Chevrolet vehicles in Colorado.

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The specific model of Equinox tends to have a direct impact on the cost of coverage, so the cost to insure a Equinox LS 2WD will be $110 less than the price to insure the more expensive Equinox LTZ AWD trim level, as shown in the prices below.

Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Estimates do not factor in specific garaging location which can raise or lower premiums noticeably.

Car insurance company ratings

Buying coverage from a highly-rated auto insurance provider can be rather challenging considering how many companies are available to choose from in Colorado. The ranking information in the next section can help you choose which auto insurance companies you want to consider comparing rates with.

The rankings below are only made up of large nationwide companies, so companies with more of a regional focus are not included in the list. If you would like to check rates from many more Colorado auto insurance companies, click this link.

How violations and accidents impact rates

The recommended way to maintain the best car insurance prices in Colorado for an Equinox is to be a cautious driver and avoid traffic citations and accidents. The chart below shows how speeding tickets and accidents increase yearly insurance costs for different age categories. The premium estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.

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In the prior example, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $2,380. Get one speeding ticket and the average cost hikes up to $2,680, an increase of $300 each year. Then add in two accidents along with the one speeding ticket and the annual cost of car insurance for a Chevrolet Equinox increases to an average of $5,202. That’s an increase of $2,821, or $235 per month, just for not being a responsible driver!

Cost comparison with and without full coverage

Finding cheap insurance for a Chevrolet Equinox in Colorado is the goal of most drivers, and one easy way to find cheap insurance is to only buy liability insurance. The chart below illustrates the difference between annual premium costs with full phyical damage coverage and with liability coverage only. The data is based on no violations or claims, $1,000 deductibles, marital status is single, and no other discounts are factored in.

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As an average, physical damage coverage on your policy costs an additional $1,744 per year over and above liability only. At some point, every insured wonders when is it safe to stop buying full coverage. There is no definitive guideline for dropping physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

There are a few cases where removing full coverage is not recommended. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage.

How to find the cheapest auto insurance for a Chevrolet Equinox

Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help Colorado drivers get low-cost coverage.

• Older vehicles may not need full coverage
• Violations like speeding or DUI increase rates
• Raise deductibles
• Buy a vehicle with excellent safety ratings
• Having at-fault accidents will increase rates
• Clean up your credit rating
• Shop around for cheaper prices

The last suggestion is especially significant, as we discussed in this piece. Prices charged by car insurance companies vary greatly, so don’t hesitate to buy a different policy if you find a cheaper price. Many drivers prefer to stick with one company, but is isn’t recommended if that stubbornness costs you a small fortune. In just a couple of minutes you could compare prices and find cheaper auto insurance for a Chevrolet Equinox.

Cheap Chevrolet Equinox insurance quotes

Thanks to technology, drivers have a lot of ways to get cheap car insurance quotes in Colorado, but the most common are from an independent agent, a captive (or exclusive) agent like Allstate or State Farm, or from a direct company like Progressive or Geico. You can use whichever method you prefer, but car insurance shoppers should know the differences in how they price policies.

Independent insurance agents work with multiple companies and can get rate quotes from all of them. They are able to provide you with more rate quotes, which may give you better odds of saving money. If the agent locates a cheaper price, your agent can switch companies which makes it simple for you.

An exclusive agent is usually just provide rates from a single company, two popular examples being an Auto-Owners or State Farm agent. These agents normally cannot shop your coverage around, so you might not find the best rates.

The third way to buy car insurance is direct which means you bypass an independent or exclusive agent and instead shop direct either online or via phone. This car insurance option is good for drivers who have fewer assets and know more than average about what limits they need.

So out of those three methods, which one works best for finding cheap insurance for a Chevrolet Equinox in Colorado? We wish we could say buying from a direct car insurance company results in the cheapest rates because there is no agent taking a commission, but that generally is not the case. It could also be said using an independent agent results in the best rates due to having more companies to select from, but that assumption is also not necessarily accurate. And sometimes, exclusive agencies may have prices that are impossible to beat.

Because there are so many factors that make up car insurance rates, really the best method to make sure you’re not overpaying for car insurance is to get as many comparison quotes as possible. Set aside the time to get rate quotes from all three to have a good selection of rates to choose from. For a list of companies with some of the cheapest Colorado car insurance rates, click here to view.

Which major car insurance company is best?

If you want the best insurance for an Equinox in Colorado, four companies to definitely compare rates with are Geico, Progressive, Allstate, and State Farm. They all offer your standard coverages, but each one has unique options and discounts that may affect your buying decision. The following table breaks down some of the different options shoppers can find with each company.