How long have you put off shopping around for lower-priced auto insurance rates in Riverside, CA? Riverside buyers have a choice when searching for low-cost Chevy Equinox insurance. They can either spend hours contacting agents trying to get quotes or use the internet to compare rates.
There is a right way and a wrong way to compare auto insurance rates so we’re going to tell you the quickest way to price shop coverage on a Chevy and find the lowest price.
The purpose of this article is to introduce you to the best way to buy inexpensive insurance and also save some money in the process If you have coverage now, you will definitely be able to get lower rates using this strategy. Smart shoppers only need to know the most efficient way to find the lowest price using one simple form.
The quickest method we recommend to compare policy rates for Chevy Equinox insurance in Riverside takes advantage of the fact almost all companies allow for online access to compare rate quotes. All consumers are required to do is give them rating details including whether the vehicles are used for commuting, if you’re married, if it has an alarm system, and if you went to college. Your insurance information is then sent to multiple auto insurance providers and you receive quotes instantly.
To check Chevy Equinox insurance prices now, click here then complete the form.
The following companies are ready to provide free rate quotes in California. If several companies are displayed, it’s highly recommended you visit several of them to get the best price comparison.
Companies offer many types of discounts on Chevy Equinox insurance in Riverside
Companies that sell car insurance do not list the complete list of policy discounts very well, so the following list contains a few of the more common as well as some of the hidden credits available to bring down your rates.
- Full Payment Discount – By paying your entire bill at once instead of monthly or quarterly installments you could save 5% or more.
- Accident Forgiveness – This one is not really a discount per se, but companies like State Farm and Progressive will let one accident slide before your rates go up if you have no claims prior to the accident.
- Multi-Vehicle Discounts – Having multiple cars on one policy can reduce rates for all insured vehicles.
- Cautious Driver Discount – Insureds without accidents may save up to 50% more as compared to drivers with claims.
- Life Insurance Discount – Some companies give better premium rates if you take out a life insurance policy as well.
- Good Student Discount – A discount for being a good student could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
- Employee of Federal Government – Active or former government employment could provide a small rate reduction with a few auto insurance companies.
While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. The majority will only reduce individual premiums such as collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
The chart below compares Chevy Equinox insurance premiums with and without policy discounts. The costs are based on a male driver, no accidents or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, multi-car, claim-free, and marriage discounts applied.
A few of the larger companies and a partial list of their discounts are included below.
- Farm Bureau offers discounts for multi-vehicle, good student, safe driver, multi-policy, and 55 and retired.
- State Farm has savings for good student, anti-theft, good driver, accident-free, Steer Clear safe driver discount, and Drive Safe & Save.
- Progressive may have discounts that include good student, online quote discount, online signing, continuous coverage, multi-vehicle, and homeowner.
- Allstate may include discounts for good payer, defensive driver, economy car, utility vehicle, and 55 and retired.
- Nationwide includes discounts for Farm Bureau membership, accident-free, easy pay, business or organization, and defensive driving.
- MetLife offers premium reductions for multi-policy, good driver, defensive driver, claim-free, accident-free, good student
When quoting, ask every prospective company which discounts can lower your rates. Some discounts listed above might not apply in your state. To find providers that can offer you the previously mentioned discounts in California, click here.
Facts and figures for Chevy Equinox insurance
The rate information displayed next outlines estimates of insurance rates for Chevy Equinox models. Being aware of how rate quotes are determined can aid in making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $316 | $464 | $578 | $34 | $174 | $1,566 | $131 |
| Equinox LT 2WD | $316 | $464 | $578 | $34 | $174 | $1,566 | $131 |
| Equinox LS AWD | $316 | $464 | $578 | $34 | $174 | $1,566 | $131 |
| Equinox LT AWD | $316 | $464 | $578 | $34 | $174 | $1,566 | $131 |
| Equinox LTZ 2WD | $358 | $546 | $578 | $34 | $174 | $1,690 | $141 |
| Equinox LTZ AWD | $358 | $546 | $578 | $34 | $174 | $1,690 | $141 |
| Equinox LTZ AWD | $358 | $546 | $578 | $34 | $174 | $1,690 | $141 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Prices do not factor in vehicle garaging location which can affect rates significantly.
Should you raise deductibles?
One common question asked by Riverside drivers is where to set your physical damage deductibles. The data tables below may aid in understanding how much more you’ll pay between high and low coverage deductibles. The first set of prices uses a $250 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $342 | $576 | $442 | $26 | $132 | $1,543 | $129 |
| Equinox LT 2WD | $342 | $576 | $442 | $26 | $132 | $1,543 | $129 |
| Equinox LS AWD | $342 | $576 | $442 | $26 | $132 | $1,543 | $129 |
| Equinox LT AWD | $342 | $576 | $442 | $26 | $132 | $1,543 | $129 |
| Equinox LTZ 2WD | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| Equinox LTZ AWD | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| Equinox LTZ AWD | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $210 | $362 | $442 | $26 | $132 | $1,172 | $98 |
| Equinox LT 2WD | $210 | $362 | $442 | $26 | $132 | $1,172 | $98 |
| Equinox LS AWD | $210 | $362 | $442 | $26 | $132 | $1,172 | $98 |
| Equinox LT AWD | $210 | $362 | $442 | $26 | $132 | $1,172 | $98 |
| Equinox LTZ 2WD | $238 | $426 | $442 | $26 | $132 | $1,264 | $105 |
| Equinox LTZ AWD | $238 | $426 | $442 | $26 | $132 | $1,264 | $105 |
| Equinox LTZ AWD | $238 | $426 | $442 | $26 | $132 | $1,264 | $105 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in garaging location in Riverside which can alter insurance rates greatly.
Based on the figures above, using a $250 deductible would cost the average driver about $33 more each month or $396 each year averaged for all Equinox models than opting for the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 23 months between claims, you would save more money if you decide on a higher deductible.
Should you buy full coverage?
The chart below visualizes the comparison of Chevy Equinox car insurance costs with full physical damage coverage compared to only buying liability only. The data is based on no claims or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.
When to switch to liability coverage only
There isn’t a steadfast formula of when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Chevy Equinox replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after the policy deductible has been paid. If it’s costing in excess of $400 annually for full coverage, then you might want to think about dropping full coverage.
There are a few situations where only buying liability is not in your best interest. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Local insurance agents
Certain consumers would rather buy from a licensed agent and that is recommended in a lot of cases Insurance agents will help you protect your assets and help you file claims. One of the best bonuses of comparing insurance prices online is that you can find the lowest rates and still have a local agent. Buying from local agents is important especially in Riverside.
To make it easy to find an agent, after completing this quick form, the quote information is emailed to companies in Riverside who will give competitive quotes to get your business. You don’t have to search for an agent since rate quotes are delivered to you directly. If for some reason you want to get a comparison quote for a specific company, feel free to visit that company’s website and give them your coverage information.
Selecting an insurer requires more thought than just a cheap price. These are some questions your agent should answer.
- What insurance companies do they work with in Riverside?
- Is there a local claims center in Riverside?
- How much training do they have in personal risk management?
- How long has the business existed?
- Do you need full coverage on every vehicle?
- Do they prorate repair cost based on vehicle mileage?
- Will one accident increase rates?
When do I need an agent’s advice?
Keep in mind that when it comes to choosing the best car insurance coverage, there really isn’t a one-size-fits-all type of policy. Everyone’s situation is unique.
For instance, these questions could help you determine if your situation might need an agent’s assistance.
- What is the difference between personal and commercial auto insurance policies?
- Do I need more liability coverage?
- Can I insure my car for more than it’s worth?
- What companies insure drivers after a DUI or DWI?
- Am I covered if I have no license?
- Am I covered if my car is in a flood?
- Is extra glass coverage worth it?
- Is my nanny covered when transporting my kids?
If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and may give you better protection.
The Chevy Equinox Insurance Cost Equation
Multiple criteria are used when pricing auto insurance. Most are fairly basic like an MVR report, although others are not quite as obvious such as whether you are married or your vehicle rating.
The factors shown below are a few of the things insurance companies consider when setting your prices.
- City traffic equals higher prices – Residing in a rural area can be a good thing when shopping for auto insurance. Less people living in that area means a lower chance of having an accident in addition to lower liability claims. Drivers in populated California areas have to deal with much more traffic and higher rates of accident claims. More time behind the wheel means higher likelihood of an accident.
- High insurance claims frequency drives up rates – Auto insurance companies in California provide cheaper rates to drivers who only file infrequent claims. If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.
- Your vocation can affect prices – Careers like fire fighters, social workers, and financial analysts tend to have higher rates than average in part from intense work-related stress and long work days. On the flip side, occupations such as actors, students and performers get better rates.
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Are you male or female? – Statistics demonstrate that females take fewer risks when driving. However, don’t assume that females are better at driving than males. Females and males cause at-fault accidents in similar numbers, but men get into accidents with more damage. Not only that, but men also get ticketed for serious violations such as DWI and reckless driving. Males from age 16 to 21 are the most expensive to insure and thus pay the highest rates.
The information below illustrates the difference between Chevy Equinox premium costs for male and female drivers. The rates are based on a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are applied.
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Poor driving leads to higher prices – Having a single driving citation can increase rates by as much as thirty percent. Drivers with clean records have lower premiums compared to bad drivers. Drivers who have dangerous violations like DUI, reckless driving or excessive speeding may be required to prove financial responsibility with the DMV in their state in order to drive a vehicle legally.
The chart below illustrates how violations and fender-benders increase Chevy Equinox car insurance rates for different age categories. The prices are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
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The type of vehicle you drive affects your rates – The performance of the car, truck or SUV you are insuring makes a significant difference in determining your rates. The cheapest rates are for the lowest performance passenger cars, but many other things help determine your insurance rates.
The chart below is based on a married female driver age 50, full coverage with $500 deductibles, and no discounts or violations. It illustrates Chevrolet Equinox car insurance rates compared to other models of vehicles that have a range of risk factors.
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Insurance loss data for a Chevy Equinox – Companies include the past claim history for a vehicle to help calculate premium costs. Models that are shown to have a trend towards higher claims will cost more for specific coverages.
The table below outlines the actual insurance loss data for Chevy Equinox vehicles. For each coverage type, the claim probability for all vehicles, regardless of make, model or trim level, equals 100. Values that are below 100 imply a favorable loss record, while numbers above 100 point to more claims or tendency to have higher losses.
Insurance Loss Ratings for Chevrolet Equinox Vehicles Specific Chevrolet Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Equinox 4dr 2WD 82 86 74 101 104 93 Chevrolet Equinox 4dr 4WD 84 88 85 89 93 81 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons to insure your Chevy Equinox
Despite the fact that insurance is not cheap in Riverside, maintaining insurance is mandatory in California but it also protects more than you think.
First, the majority of states have minimum mandated liability insurance limits which means state laws require specific minimum amounts of liability in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a lien on your Equinox, it’s most likely the lender will stipulate that you carry insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Chevy for a lot more money and force you to pay much more than you were paying before.
Third, insurance protects both your car and your assets. It will also provide coverage for medical transport and hospital expenses that are the result of an accident. As part of your policy, liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If you have damage to your Chevy as the result of the weather or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance are definitely more than the cost, especially when you need to use it. Despite what companies tell you, the average driver overpays more than $869 every year so shop around each time the policy renews to make sure the price is not too high.
Persistent drivers can save
Affordable Chevy Equinox insurance in Riverside is attainable both online as well as from independent agents in Riverside, and you need to price shop both in order to have the best price selection to choose from. A few companies don’t offer internet price quotes and most of the time these small insurance companies sell through independent agents.
When shopping online for auto insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, someone dropped comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. The proper strategy is to get the best coverage possible at an affordable rate, but do not skimp to save money.
People leave their current company for any number of reasons including questionable increases in premium, high prices, extreme rates for teen drivers or even policy non-renewal. It doesn’t matter what your reason, choosing a new company is not as hard as you think.
Steps to finding cheaper rates for Chevy Equinox insurance in Riverside
Really, the only way to get more affordable auto insurance rates is to compare quotes once a year from insurers who sell auto insurance in Riverside.
- Step 1: Try to understand how insurance companies determine prices and the measures you can take to drop your rates. Many factors that result in higher rates like at-fault accidents and a negative credit history can be amended by making minor driving habit or lifestyle changes.
- Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like GEICO and State Farm, while independent agents can give you price quotes from multiple sources.
- Step 3: Compare the quotes to your current policy premium to see if a cheaper rate is available in Riverside. If you can save some money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
One important bit of advice is to compare the same level of coverage on every quote request and and to get price estimates from as many companies as feasibly possible. Doing this helps ensure a fair rate comparison and a better comparison of the market.
Other articles
- Car Insurance FAQ (Trusted Choice)
- Who Has Affordable Riverside Car Insurance Quotes for a School Permit? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Hyundai Santa Fe in Riverside? (FAQ)
- How Much is Auto Insurance for Hybrid Vehicles in Riverside? (FAQ)
- How Much are Riverside Auto Insurance Quotes for 19 Year Olds? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Property Damage Coverage (Liberty Mutual)
- Rollover Crash FAQ (iihs.org)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)