Finding affordable auto insurance for a Chevrolet Equinox can be pretty simple, but it depends on many rating factors such as how old the Equinox is, your credit history, and driving citations. Drivers will pay around $731 a year for Equinox insurance, but that cost is an estimation based on a 50-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
The problem with using this number is the good chance you aren’t exactly 50 years old or even a male, possibly single instead of married, or maybe you live in a different area as the quoted rates. Having just a slight change in the criteria used to calculate rates can result in a big discrepancy in the cost of insurance for a Chevrolet Equinox.
Different coverage needs are the reason why the best way to find affordable rates for your Chevrolet is to put in the effort to do a thorough rate comparison.
Insure Your Chevrolet for Less
The trim level of your Equinox will influence the annual cost of coverage, so the rate you pay to insure a Equinox LS 2WD model will be $68 cheaper than the cost to insure the high end Equinox LTZ AWD model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $146 | $268 | $288 | $18 | $86 | $806 | $67 |
| Equinox LT 2WD | $146 | $268 | $288 | $18 | $86 | $806 | $67 |
| Equinox LS AWD | $146 | $268 | $288 | $18 | $86 | $806 | $67 |
| Equinox LT AWD | $146 | $268 | $288 | $18 | $86 | $806 | $67 |
| Equinox LTZ 2WD | $166 | $316 | $288 | $18 | $86 | $874 | $73 |
| Equinox LTZ AWD | $166 | $316 | $288 | $18 | $86 | $874 | $73 |
| Equinox LTZ AWD | $166 | $316 | $288 | $18 | $86 | $874 | $73 |
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Rates do not factor in specific Lincoln garaging location which can affect premiums significantly.
Best car insurance in Lincoln
Picking a good quality insurance company can be rather challenging considering how many choices drivers have in Nebraska. The information in the next section could help you decide which car insurance providers to look at when comparing rate quotes.
The ratings below are for companies that insure vehicles nationwide, so companies that focus mainly on Nebraska business are not taken into consideration for these rankings. To view rates from many more Nebraska auto insurance companies, click here.
Top 10 Major Auto Insurance Providers in Lincoln Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- Safeco Insurance
- GEICO
- Esurance
- The General
Careless drivers pay higher rates
The easiest method to earn good car insurance rates for an Equinox is to be an attentive driver and avoid accidents and violations. The chart below illustrates how traffic citations and fender-benders influence annual premium costs for different categories of driver ages. Data assumes a married female driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.
In the example above, the average cost of an auto insurance policy per year with no accidents or violations is $1,224. Receive two speeding tickets and the average cost jumps to $1,733, an increase of $509 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance for a Chevrolet Equinox goes up to an average of $2,251. That’s an increase of $1,027, or $86 per month, just for not driving safely!
Low rates can quickly become overpriced
Nebraska car insurance rates are determined by lots of factors that can increase the price you have to pay. Getting older, buying a different home, or having a fender bender may generate price changes that can now make some companies cheaper than competitors. In addition to those changes, car insurance companies change rates every year in order to remain profitable. Larger than normal claims can cause higher priced premiums, while a better claims history may result in lower-cost Equinox insurance rates.
As an example, the bar chart below shows the cheapest car insurance in Lincoln, NE for a 45-year-old male driver with no violations or accidents, and solid credit. If we compare prices based on his current risk profile, Safeco offers the cheapest car insurance rates in Lincoln at $812 each year. This is $504 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also make the list of the cheapest Lincoln, NE auto insurance companies.
Let’s now give the driver in the first example a claim, bad credit, and a few blemishes on his driving record. Due to the fact that every auto insurer has a proprietary formula for filing rates in each state, comparing prices may result in a completely different list of the cheapest car insurance companies in Lincoln as shown below.
Farm Bureau Mutual now has the cheapest auto insurance in Lincoln, NE with State Farm, General Casualty, American National, and The Hartford also having competitive pricing. This shows why it is so important to take the time to shop around to get cheap insurance quotes for a Chevrolet Equinox.
Insurance rates can be altered by many risk factors and can decrease or increase without notice, so the lowest-price company the last time you shopped your coverage around may now be quite expensive.
How to find low-cost car insurance for a Chevrolet Equinox
The list below summarizes some of the better penny-pinching suggestions that can help drivers find cheap coverage.
- Drivers with good credit often pay less
- Vehicles with safetly features generally cost less to insure
- Tickets and violations raise rates
- Earn a discount by not filing claims
- Having at-fault accidents will increase rates
- Shop around for lower rates once a year
That final tip is highly crucial, as was emphasized in this article. Auto insurance rates in Lincoln can change considerably in a year, so drivers shouldn’t be resistant to buy from a different company if a cheaper price is available.
Many drivers prefer to stick with one company, but is isn’t recommended if that loyalty results in overpaying a wad of cash every year. Spend a few minutes and compare prices to find cheaper insurance for a Chevrolet Equinox.