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

Your chances of finding affordable auto insurance for a Chevrolet Equinox in Missouri relies on a lot of things such as miles driven annually, if you are currently insured, and driving violations and tickets. Drivers in Missouri pay an average rate of $730 every 12 months for Equinox insurance, but that is a projection rating a 50-year-old married male that wants comprehensive and collision coverage and $250 deductibles.

That rate won’t apply to everyone, because more than likely you aren’t exactly 50 years old or even a male, you might be single instead of married, or maybe you have a couple of speeding tickets. This example demonstrates why the best way to find the most affordable coverage for your Chevrolet is to regularly compare rates at renewal.

Compare Chevrolet Equinox Insurance Rates

Your vehicle’s trim level impacts the insurance rate, so the rate you will pay to insure a Equinox LS 2WD will be $76 less than the cost to insure the fancier Equinox LTZ AWD version, as shown in the table below.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Information does not factor in the specific area where the vehicle is garaged which can lower or raise price quotes noticeably.

Finding out which company offers the cheapest car insurance rates for a Chevrolet Equinox involves a bit more effort in order to find the best price. Every insurance provider uses their own method to establish rates, so let’s look at the rankings for the car insurance companies with the overall best prices in Missouri.

Best Insurance Companies for Your Equinox

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USAA generally has some of the cheapest car insurance rates in Missouri at around $668 each year. The Hartford, Electric, Allied, and Auto-Owners also make the cut as some of the cheapest Missouri auto insurance companies.

As illustrated above, if you currently buy coverage from Auto-Owners and switched to The Hartford, you could realize an annual premium reduction of approxmiately $188. Insureds with Travelers may save as much as $189 a year, and MO Farm Bureau insureds might reduce prices by as much as $243 a year.

Bear in mind that those estimates are averages for all insureds and vehicles and do not take into consideration a specific rate value for a Chevrolet Equinox. So the car insurance company that has the cheapest rates for you may not even be shown in the list of companies shown earlier. That affirms the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.

Types of discounts on Missouri insurance

Auto insurance companies that offer the cheapest insurance for a Chevrolet Equinox in Missouri may also give you discounts that could reduce prices by as much as 30% if you are eligible to receive them. A list of companies and some of the discounts can be read below.

The illustration below illustrates the comparison of auto insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, a clean driving record, no claims, Missouri state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, passive restraint, marriage, multiple policy, multiple vehicle, and accident-free discounts applied. When discounts are factored in, the the average amount saved on car insurance for a Chevrolet Equinox is % or $.

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Impact of citations and accidents on Missouri insurance rates

The easiest way to obtain the cheapest insurance for a Chevrolet Equinox in Missouri is to drive attentively and avoid accidents and keep your driving record clean. The example below shows how traffic citations and accident claims can affect insurance prices for different ages of insureds. The prices are based on a married male driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 2193,2671,3153],[‘Age 30’, 1145,1625,2105],[‘Age 40’, 1111,1585,2071],[‘Age 50’, 1019,1497,1979],[‘Age 60’, 1001,1477,1959],[‘Age 70’, 1161,1641,2123]]);var options = {title: ‘Accidents, Violations, and Missouri Chevrolet Equinox Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Equinox in Missouri’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous example, the average cost of auto insurance in Missouri per year with no accidents and a clean driving record is $1,272. Receive two speeding tickets and the average cost increases to $1,749, an increase of $478 each year. Now add one accident along with the two speeding tickets and the yearly cost of car insurance for a Chevrolet Equinox increases to an average of $2,232. That’s an increase of $960, or $80 per month, just for not keeping your driving record clean!

Is State Farm, Progressive, Allstate, or Geico cheaper?

If you’re looking for the cheapest insurance for an Equinox in Missouri, four companies to definitely compare rates with are State Farm, Progressive, Allstate, and Geico. Combined they make up over 48% of all car insurance policies in America. The next table compares and contrasts price, claims, and customer service ratings, as well as some optional coverages you can buy with each company.

Cheapest Chevrolet Equinox insurance quotes

Drivers have a lot of ways to quote cheap car insurance rates in Missouri, but the three most common are through an exclusive agency such as State Farm or Auto-Owners, an independent or non-exclusive agent, or buying direct from a company like Progressive or Geico.

Each way has the same basic process, but buyers need to know the differences in how they work.

Independent agencies can place your business with multiple companies and can compare coverage rates with each one. These types of agencies are not locked into one company and can provide you with more rates, which can give you more bang for your buck. If they find a cheaper price, you can get a different policy which is easy for the insured.

An exlusive, or captive, agency is able to quote prices with just one company, examples being a State Farm or Farmers agent. They generally cannot quote rates from more than one company, so it’s a good idea to get additional price quotes.

Opting to purchase car insurance direct means you skip either of the other two types of agents and buy buying direct from a company like Geico or Progressive. Buying direct may be preferred by consumers who have lower risk management needs and understand what limits they need.

What is the best method for finding the cheapest insurance for a Chevrolet Equinox in Missouri? It would be simple to say buying direct saves money because there is no agent taking a commission, but unfortunately, that is not always true. It would also be easy to say buying from an independent agent is the best way to go because you have more choices, but again, it’s not necessarily true. In many cases, the exclusive agents have coverage prices that are well below what direct and independents offer.

Since car insurance prices are based on many different factors, really the only way to make sure you’re not overpaying for car insurance is to get quotes and compare the rates. If you have the time, get price quotes from independent, exclusive, and direct in order to have enough rates to compare. For a list of companies offering online discounts, click here to view.