Chevy Equinox insurance

Chevy Equinox insurance refers to an auto insurance policy specifically covering a Chevrolet Equinox against risks like collision, theft, and liability as defined by state law. Average annual premiums for a Chevy Equinox in the U.S, in the report authored by YourInsuranceInfo.

Range from $1,200 to $1,500 based on 2023 data from Quadrant Information Services. Insurance companies such as GEICO, State Farm, and Progressive offer specific discounts for safety features standard on recent Chevy Equinox models, including automatic emergency braking and lane departure warning.

Comprehensive coverage typically costs less than collision coverage for the Equinox due to its moderate repair costs; for example, comprehensive averages $180 annually while collision averages $420 according to NAIC reports. Insurers calculate rates using factors such as driver age (e.g. drivers under 25 pay up to 80% more), location (urban ZIP codes increase rates by up to 30%), and driving history (accidents can raise premiums by over $600 per year).

The cost of insuring a new Chevy Equinox is higher than older models because replacement parts are more expensive; Kelley Blue Book notes that newer model years may add $100–$200 annually in premium. Minimum liability-only policies meet state requirements but leave out protection for your own vehicle; most lenders require full coverage if you finance or lease your Chevy Equinox.

Owners lower their premiums by increasing deductibles or bundling with home insurance–Allstate reports average savings of 10–20% through bundling discounts.