Buying affordable insurance for a Chevrolet Equinox is pretty easy for most people to do, but it hinges on a complex formula that considers things such as your age, if you have prior claims, and physical damage deductibles. Texas drivers pay approximately $1,227 a year for Equinox insurance, but that amount is a projection based on a 50-year-old single male driver with full comprehensive and collision coverage and $250 deductibles.
There’s a good chance you’re not a 50-year-old male, married instead of single, and maybe your Equinox just needs liability-only coverage. Not every driver requires the same auto insurance coverages, so the way we recommend to find affordable rates for your Chevrolet is to compare rates from as many companies as possible. It takes less than five minutes and you will get price quotes from the best companies in Texas.
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The trim level of your Equinox has an effect on the cost of insurance, so the price you will pay to insure a Equinox LS 2WD model will be $122 less than the insurance cost for the high end Equinox LTZ AWD model, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $254 | $512 | $430 | $26 | $128 | $1,350 | $113 |
| Equinox LT 2WD | $254 | $512 | $430 | $26 | $128 | $1,350 | $113 |
| Equinox LS AWD | $254 | $512 | $430 | $26 | $128 | $1,350 | $113 |
| Equinox LT AWD | $254 | $512 | $430 | $26 | $128 | $1,350 | $113 |
| Equinox LTZ 2WD | $286 | $602 | $430 | $26 | $128 | $1,472 | $123 |
| Equinox LTZ AWD | $286 | $602 | $430 | $26 | $128 | $1,472 | $123 |
| Equinox LTZ AWD | $286 | $602 | $430 | $26 | $128 | $1,472 | $123 |
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in specific zip code location which can impact insurance rates noticeably.
Buying coverage from the best car insurance company is hard considering how many companies sell coverage in Austin. The information below can help you analyze which companies you want to consider when looking for cheaper rates.
The ratings below include large insurance companies, so smaller companies that only insure vehicles in Texas are not included in these rankings. To get price quotes from these and other top-rated companies, follow this link.
Top 10 Large Auto Insurers in Austin Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 Large Auto Insurers in Austin Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Discount Austin auto insurance
Car insurance companies that offer cheap quotes for a Chevrolet Equinox may have rate discounts that can lower rates by as much as 40% or more if you are eligible. Larger auto insurance companies and a selection of discounts can be read below.
- Mercury Insurance may have discounts that include multi-car, anti-theft, multi-policy, professional/association, and annual mileage.
- Farmers Insurance policyholders can earn discounts including electronic funds transfer, teen driver, homeowner, multi-car, switch companies, and alternative fuel.
- Farm Bureau includes discounts for 55 and retired, renewal discount, driver training, youthful driver, and good student.
- State Farm offers discounts including good student, defensive driving training, accident-free, good driver, and multiple autos.
- Allstate has discounts for farm vehicle, multi-policy, passive restraint, utility vehicle, and new car.
- GEICO discounts include military active duty, anti-lock brakes, good student, multi-vehicle, and federal employee.
The illustration below visualizes the comparison of car insurance rates with and without discounts applied to the policy premium. The premiums are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with claim-free, homeowner, multiple policy, passive restraint, marriage, and anti-theft discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for a Chevrolet Equinox is 28% or $529.
Full coverage versus liability-only in Austin
Finding the cheapest auto insurance should be important to the majority of vehicle owners, and one way to find cheaper insurance for a Chevrolet Equinox is to buy only liability coverage. The chart below compares yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no accidents, no driving violations, $100 deductibles, drivers are single, and no discounts are applied to the premium.
If we average all the age groups together, comprehensive and collision coverage on your policy costs an extra $2,589 per year more than just buying liability insurance. Many of you may wonder if buying full coverage is worth the expense. There is no exact formula to stop paying for physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
There are some scenarios where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
How to find the cheapest insurance for a Chevrolet Equinox
Lowering your rates is not difficult, and here are many money-saving ideas that can help Texas drivers locate lower-cost coverage.
- Don’t waste money on full coverage for older vehicles
- Do not get into accidents
- Avoid filing small claims
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Increase your policy deductibles
- Compare quotes from other companies often
The final tip is remarkably necessary, as was noted in the prior article. Prices charged by companies in Austin can change considerably based on profitability, so drivers shouldn’t hesitate to change insurance companies if you can save money. Many drivers tend to have loyalty to a certain company, but we do not recommend it if it’s costing you money that could be used for better things. In just a couple of minutes you could shop around and find cheaper auto insurance for a Chevrolet Equinox.
If you prefer to have some professional guidance when comparing insurance rates for a Chevrolet Equinox, the agents below are willing to aid you in deciding which policy fits your needs best. To find an agent in your neighborhood, click the button at the bottom of the list or click here to get price quotes now.
- Ed Weeren Insurance Agency
300 E Highland Mall Blvd #208 – Austin, TX 78752 – (512) 454-5266 - AUSTIN AREA INSURANCE AGENCY
8711 Burnet Rd – Austin, TX 78757 – (512) 253-8726 - Higginbotham/William Gammon Insurance
1221 S MoPac Expy – Austin, TX 78746 – (512) 477-6745 - David Simmons – State Farm Insurance Agent
1910 W Braker Ln #400 – Austin, TX 78758 – (512) 837-8825 - Allstate Insurance: Homero Escobar
730 W Stassney Ln Ste 230 – Austin, TX 78745 – (512) 443-9598