How Much Does 2012 Chevrolet Equinox Insurance Cost?

Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out. Because you have many companies to choose from, it can be hard to locate the cheapest insurance company.

It is always a good idea to compare prices every six months since insurance rates change regularly. Just because you had the lowest price for Equinox coverage on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because you’re about to find out the right way to reduce your cost while improving coverage.

Choosing the best insurance company for you is not rocket science. If you are insured now or need new coverage, you can use this information to get lower rates and still get good coverage. Vehicle owners only need to know the most effective way to buy insurance online.

Take advantage of discounts

Auto insurance companies don’t necessarily list every available discount very clearly, so we break down some of the more common as well as the least known auto insurance savings. If you’re not getting every credit available, you are paying more than you should be.

  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Multi-car Discount – Insuring more than one vehicle on the same auto insurance policy may reduce the rate for each vehicle.
  • Clubs and Organizations – Being a member of a civic or occupational organization could trigger savings when buying auto insurance for Equinox coverage.
  • Student in College – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
  • Senior Citizens – If you’re over the age of 55, you may be able to get a discount up to 10% for Equinox coverage.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts could cut 10% or more off your medical payments premium.

It’s important to note that most discount credits are not given the the whole policy. Most cut individual premiums such as liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way.

To see a list of insurance companies with the best auto insurance discounts, follow this link.

Chevy Equinox insurance rates are influenced by…

Consumers need to have an understanding of the different types of things that come into play when calculating car insurance rates. Understanding what controls the rates you pay enables informed choices that may reward you with lower car insurance prices.

  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores get lower rates. Safe vehicles have better occupant injury protection and better occupant protection translates into savings for insurance companies and thus lower rates. If your Chevy Equinox has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • High credit ratings translate to low rates – Having a bad credit score is a large factor in determining your rates. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have poor credit. Therefore, if your credit history is low, you could pay less to insure your 2012 Chevrolet Equinox by spending a little time repairing your credit.
  • Marriage brings a discount – Being married helps lower the price on your policy. Marriage means you’re more mature than a single person and it’s proven that married drivers get in fewer accidents.
  • Consolidate policies to earn discounts – Most companies will award you with lower prices to customers who have multiple policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to shop around to verify if the discount is saving money.
  • More claims means more premium – If you are a frequent claim filer, you can pretty much guarantee either higher rates or even cancellation. Car insurance companies provide discounts to insureds who do not file claims often. Car insurance is meant to be used in the event of the large, substantial claims.

How to know if you need help

When buying the right insurance coverage for your personal vehicles, there is no perfect coverage plan. Every insured’s situation is different so your insurance should reflect that For example, these questions could help you determine whether you will benefit from professional help.

  • Do I have coverage if my license is suspended?
  • Can I rent a car in Mexico?
  • How do I insure my teen driver?
  • Should I waive the damage coverage when renting a car?
  • Do I need rental car coverage?
  • When should I drop full coverage on my 2012 Chevy Equinox?
  • How much liability do I need to cover my assets?
  • Is business property covered if stolen from my car?
  • Will I be non-renewed for getting a DUI or other conviction?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Car insurance ads bend the truth

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. They all have a common claim of big savings if you move your policy.

How can each company make the same claim?

Different companies can use profiling for the type of customer that earns them a profit. A good example of a profitable customer might be over the age of 40, has no tickets, and drives newer vehicles. A propective insured who fits that profile will get very good rates and therefore will save when switching.

Potential customers who don’t measure up to the “perfect” profile will have to pay more money and ends up with business not being written. The ad wording is “people who switch” but not “drivers who get quotes” save that much. This is how companies can claim big savings. Because of the profiling, you need to compare as many rates as you can. You cannot predict which insurance companies will fit your personal profile best.

Coverages available on your insurance policy

Having a good grasp of your insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on the average insurance policy.

Coverage for medical expenses

Med pay and PIP coverage reimburse you for short-term medical expenses such as funeral costs, pain medications, surgery and dental work. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as hitting a bird, damage from flooding, rock chips in glass and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision insurance

Collision insurance covers damage to your Equinox caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with another moving vehicle, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also raise the deductible to save money on collision insurance.

Liability car insurance

Liability insurance can cover damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for things such as loss of income, legal defense fees and attorney fees. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Equinox.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Make an honest buck

In this article, we covered some good ideas how to lower your 2012 Chevy Equinox insurance rates. The key thing to remember is the more you quote, the higher the chance of saving money. You may even discover the lowest rates come from the smaller companies. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like State Farm, GEICO and Nationwide.

Discount insurance can be found both online and with local insurance agents, so compare prices from both in order to have the best price selection to choose from. Some companies do not offer the ability to get a quote online and these small insurance companies work with independent agents.

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