Buying the cheapest coverage for a Chevrolet Equinox in Texas can be pretty simple, but it depends on lots of different rating factors such as annual miles driven, your credit history, and violations on your driving record. Drivers pay on average $1,123 each year to insure their Equinox, but that is a projection based upon a 50-year-old married female driver with full coverage and $100 deductibles.
More likely than not, you may not be 50 years old (or even female), you might be single instead of married, and you might want liability-only or different deductibles. Having what appears to be a very minor change in the factors used in pricing a policy may result in a big change in the cost of insuring your Equinox.
Having different needs demonstrates why the only way to find the cheapest insurance price for your Chevrolet is to compare rates from as many companies as possible.
Find Cheaper Chevrolet Equinox Insurance
Your vehicle’s trim level tends to have a direct effect on the cost of coverage, so the price you will pay to insure a Equinox LS 2WD model will cost $120 less than the price to insure the more expensive Equinox LTZ AWD model, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $252 | $492 | $358 | $22 | $108 | $1,232 | $103 |
| Equinox LT 2WD | $252 | $492 | $358 | $22 | $108 | $1,232 | $103 |
| Equinox LS AWD | $252 | $492 | $358 | $22 | $108 | $1,232 | $103 |
| Equinox LT AWD | $252 | $492 | $358 | $22 | $108 | $1,232 | $103 |
| Equinox LTZ 2WD | $284 | $580 | $358 | $22 | $108 | $1,352 | $113 |
| Equinox LTZ AWD | $284 | $580 | $358 | $22 | $108 | $1,352 | $113 |
| Equinox LTZ AWD | $284 | $580 | $358 | $22 | $108 | $1,352 | $113 |
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in specific zip code location which can decrease or increase coverage prices significantly.
Buying coverage from the top auto insurance provider is difficult considering how many different companies insure vehicles in Texas. The company rank data shown below can help you choose which insurers you want to consider to insure your vehicles. The rankings below are only made up of large insurance companies, so companies that may only write in Texas will not be included in these rankings.
Top 10 Large Auto Insurance Providers Overall in Dallas
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Discount Dallas auto insurance
Insurers that sell policies for a Chevrolet Equinox may also give you discounts that could reduce prices by 35% or more if you are eligible. A few of the larger companies and their possible discounts are shown below.
- Progressive has savings for good student, multi-vehicle, homeowner, online quote discount, online signing, and continuous coverage.
- Farmers Insurance may offer discounts for teen driver, bundle discounts, multi-car, electronic funds transfer, and pay in full.
- Farm Bureau discounts include safe driver, good student, driver training, 55 and retired, and youthful driver.
- State Farm has discounts for multiple policy, accident-free, defensive driving training, Drive Safe & Save, safe vehicle, passive restraint, and multiple autos.
- GEICO offers discounts including anti-lock brakes, federal employee, driver training, air bags, membership and employees, emergency military deployment, and five-year accident-free.
- SAFECO may include discounts for anti-theft, homeowner, multi-car, teen safe driver, anti-lock brakes, accident prevention training, and teen safety rewards.
- Liberty Mutual offers discounts for new move discount, good student, multi-policy, newly married, and newly retired.
The chart below compares premium costs with and without some available policy discounts. The data assumes a female driver, no accidents or driving violations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with accident-free, multiple vehicle, marriage, multiple policy, homeowner, and safe-driver discounts applied. When these discounts are applied to the policy premium, the average amount saved on auto insurance for a Chevrolet Equinox is 28% or $679.
Chances are good that you’re overpaying for Equinox insurance
Dallas auto insurance rates are based on many factors that will increase or decrease the policy premium. Simply having a birthday, becoming a homeowner, or getting a driving violation may prompt premium changes resulting in some rates now being cheaper than competitors. Additionally, insurance companies modify rates as often as every quarter in order to be able to pay unexpected claims. A period of increased losses can result in rate increases, while a profitable period can cause lower-cost Equinox insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Dallas, TX for a 35-year-old female driver with no violations or accidents, and a good credit history. Based on her current risk profile, Travelers might offer the best car insurance rates in Dallas at $1,311 each year. This is $593 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also included in the cheapest Dallas, TX auto insurance companies.
In this example, we will give the driver from the first set of rates a claim or two, a little lower credit rating, and a speeding ticket. Since every car insurance company has their own formula to establish rates, comparing quotes could result in a different list of companies as shown below.
State Farm now has the lowest price in Dallas, TX with Mercury, Nationwide, USAA, and Safe Auto also having competitive pricing. This example proves why it is critical to shop around to find the lowest insurance quotes for a Chevrolet Equinox. Car insurance prices can be altered by many factors and can change substantially, so the lowest-price company when you bought your policy may now be quite expensive.
How to find the cheapest car insurance for a Chevrolet Equinox
Below you’ll find a few money-saving solutions that can help Texas drivers quote low-cost coverage.
- Multi-policy discounts save money
- Drive a car with a high safety rating
- Do not get into accidents that are your fault
- Avoid getting tickets or violations
- Assess whether full coverage is needed
- Pay for small claims rather than turning them in to your insurance company
- Shop around for lower rates once a year
The final tip is particularly significant, as we pointed out in the article above. Prices charged by companies adjust often, so don’t be afraid to buy a policy from a new company if a more affordable rate is found. Brand loyalty is not necessarily bad, but it isn’t a good idea if it’s costing you a wad of cash every year. Take a few minutes and compare rates to find cheaper insurance for a Chevrolet Equinox in Dallas.