Buying cheap car insurance for a Chevrolet Equinox is pretty easy to do, but it hinges on a large number of factors such as whether you are single or married, your claims history, and citations on your driving record. Drivers in Florida pay on average $1,035 a year to insure their Equinox, but that price is an estimation calculated based on a 50-year-old single female driver with full comprehensive and collision coverage and $1,000 deductibles.
But there is a high likelihood that you are not 50 and maybe not even a female, you might be married instead of single, or maybe you’re a renter instead of a homeowner. Have just a small change in the factors used in pricing a policy could result in a significant change in the cost of a policy.
Everyone has unique insurance needs, and this illustrates why the best method for finding cheap insurance prices for your Chevrolet is to just take the time to compare rates yourself. Quotes only take a few minutes and you will get price quotes from the cheapest companies that sell coverage in Florida.
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The trim level of your Equinox has an effect on price, so the price you will be charged to insure a Equinox LS 2WD will be $82 cheaper than the cost to insure the higher-priced Equinox LTZ AWD model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $172 | $334 | $472 | $28 | $142 | $1,148 | $96 |
| Equinox LT 2WD | $172 | $334 | $472 | $28 | $142 | $1,148 | $96 |
| Equinox LS AWD | $172 | $334 | $472 | $28 | $142 | $1,148 | $96 |
| Equinox LT AWD | $172 | $334 | $472 | $28 | $142 | $1,148 | $96 |
| Equinox LTZ 2WD | $194 | $394 | $472 | $28 | $142 | $1,230 | $103 |
| Equinox LTZ AWD | $194 | $394 | $472 | $28 | $142 | $1,230 | $103 |
| Equinox LTZ AWD | $194 | $394 | $472 | $28 | $142 | $1,230 | $103 |
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can revise prices significantly.
Comparing rates for reasonably-priced insurance is not easy, and deciding which company offers the cheapest insurance rates for a Chevrolet Equinox calls for a little more work.
Every auto insurer has a proprietary method to establish rates, so we’ll go over the overall cheapest insurance companies in Florida. Keep in mind that Jacksonville insurance rates are calculated based on many things that control the price you have to pay for coverage. Events like turning one year older, increasing deductibles, or getting a speeding ticket may generate price changes resulting in some companies being more affordable than before.
Find the Best Cheap Insurance for Your Equinox
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Amica | $1,694 |
| 3 | Electric | $1,764 |
| 4 | Progressive | $1,793 |
| 5 | Travelers | $1,945 |
| 6 | Allied | $1,985 |
| 7 | Mercury | $1,992 |
| 8 | State Farm | $2,068 |
| 9 | GEICO | $2,086 |
| 10 | Esurance | $2,102 |
| 11 | Auto-Owners | $2,171 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,397 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | MetLife | $2,870 |
| 16 | Safeco | $2,898 |
| 17 | Hanover | $2,934 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,022 |
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USAA may have some of the most affordable car insurance rates in Jacksonville at around $957 each year. Amica, Electric, Progressive, and Travelers also rank well as some of the lowest-priced Jacksonville, FL car insurance companies.
In the above rates, if you currently have a policy with Travelers and switched to Amica, you might realize a yearly savings of approximately $251. Policyholders with Allied might save as much as $291 a year, and Mercury policyholders might lower prices by $298 a year.
To find cheaper insurance rates for your vehicle, click here to start your free quote or visit several of the following companies.
Understand that those policy prices are averaged for all insureds and vehicles and do not take into consideration a specific vehicle garaging location for a Chevrolet Equinox. So the company that fits your needs best may not even be in the top 21 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
Difference between liability only and full coverage rates
Finding the cheapest insurance is the goal of the majority of people, and a great way to pay lower rates for insurance for a Chevrolet Equinox is to not pay for full coverage. The information below illustrates the difference between car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no accidents, no driving violations, $250 deductibles, single marital status, and no policy discounts are applied.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs $2,592 per year over and above liability coverage. Many drivers may wonder when is the right time to remove full coverage. There isn’t a steadfast formula for eliminating full coverage, but there is a general convention. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not recommended. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Reckless driving habits raise Jacksonville insurance rates
The easiest way to get the cheapest insurance prices in Florida for an Equinox is to be a careful driver and maintain a clean driving record. The chart below illustrates how traffic citations and accident claims can impact annual premium costs for different age groups. The rates are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of car insurance per year with no accidents or violations is $1,692. Add in two speeding tickets and the average cost surges to $2,401, an increase of $709 each year. Then throw in two accidents along with the two speeding tickets and the yearly cost of insurance for a Chevrolet Equinox goes up to an average of $5,249. That’s an increase of $3,557, or $296 per month, just for not driving safely!
How to get discounts on Jacksonville insurance
Insurance companies that provide policies for a Chevrolet Equinox may additionally offer policy discounts that could potentially reduce rates by as much as 35% if you can meet the requirements. Companies and some of the discounts are shown below.
- State Farm policyholders can earn discounts including multiple autos, passive restraint, driver’s education, defensive driving training, good student, multiple policy, and Steer Clear safe driver discount.
- American Family discounts include mySafetyValet, TimeAway discount, air bags, Steer into Savings, and good student.
- GEICO offers discounts for driver training, defensive driver, multi-vehicle, good student, and daytime running lights.
- 21st Century may offer discounts for automatic seat belts, student driver, good student, driver training, teen driver, homeowners, and early bird.
- Progressive may include discounts for continuous coverage, multi-policy, online signing, homeowner, online quote discount, and multi-vehicle.
The illustration below visualizes the comparison of insurance rates with and without discounts applied to the rates. The data assumes a female driver, no accidents or driving violations, Florida state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, safe-driver, accident-free, anti-theft, claim-free, and multiple vehicle discounts applied. When drivers take advantage of discounts, the average savings per year on insurance for a Chevrolet Equinox is 28% or $588.