2005 Chevrolet Equinox Insurance Rates – 9 Tips to Save

Looking for cheaper auto insurance rates for your Chevrolet Equinox? No one enjoys paying for auto insurance, especially knowing they are paying too much.

Many insurance companies vie for your insurance dollar, and it can be difficult to compare rates to discover the definitive best rate

If you are paying for car insurance now, you will be able to cut costs considerably using this strategy. Finding the best rates is easy if you know what you’re doing. Nevertheless, vehicle owners must know the way insurance companies determine prices and take advantage of how the system works.

Finding Insurance Coverage Deals

There are several ways you can shop for Chevy Equinox insurance coverage but some are easier and takes less work. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you can stay home and use the internet to accomplish the same thing much quicker.

The majority of car insurance companies participate in an industry program that allows shoppers to enter their coverage request one time, and each participating company then returns a price quote based on that data. This saves time by eliminating quote requests to each company.

To participate in this free quote system, click to open in new window.

The one disadvantage to comparing rates this way is you can’t choose the insurers to get quotes from. So if you want to select from a list of companies for rate comparison, we have a listing of low cost insurance coverage companies in your area. Click to view list.

Whichever method you choose, make sure you use identical coverage limits with each company. If you compare higher or lower deductibles it will be very difficult to determine the best price for your Chevy Equinox. Having just a slight variation in coverage limits could mean much higher rates. Just remember that obtaining a wide range of quotes helps locate a lower rate.

Are you getting all your discounts?

Insuring your fleet can be pricey, but companies offer discounts to help bring down the price. A few discounts will automatically apply at the time of quoting, but a few need to be inquired about before being credited.

Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you up to age 25.
Sign Online – Certain companies will discount your bill up to fifty bucks simply for signing on their website.
Employee of Federal Government – Active or retired federal employment can earn a discount up to 10% on Equinox insurance with certain companies.
Multiple Policy Discount – When you have multiple policies with one insurance company you will save 10% to 20% off each policy.
Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems can receive discounts of up to 25% or more.
Memberships – Participating in a professional or civic organization could trigger savings when shopping for insurance coverage on Equinox insurance.
Homeowners Discount – Owning a house can save you money due to the fact that maintaining a home shows financial diligence.
Use Seat Belts – Drivers who require all occupants to buckle their seat belts could save 15% off your PIP or medical payments premium.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Some only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, insurance coverage companies aren’t that generous. Any qualifying discounts will help reduce your overall premium however.

Companies that possibly offer these money-saving discounts may include but are not limited to:

It’s a good idea to ask every prospective company what discounts are available to you. Some discounts may not be available in every state.

Tailor your coverage to you

When choosing the right insurance coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions might help in determining if you could use an agent’s help.

Is my ex-spouse still covered by my policy?
Can I rent a car in Mexico?
How can I get high-risk coverage after a DUI?
Should I buy more coverage than the required minimum liability coverage?
What discounts do I qualify for?
Should I sign the liability waiver when renting a car?
Does insurance cover tools stolen from my truck?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Auto insurance coverages

Learning about specific coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages available from insurance companies.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a broken windshield, theft, damage from flooding, hitting a bird and hail damage. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability insurance

Liability insurance protects you from damage that occurs to a person or their property. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like pain and suffering, funeral expenses and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Coverage for collisions

This will pay to fix damage to your Equinox from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as scraping a guard rail, rolling your car, damaging your car on a curb and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also increase the deductible to save money on collision insurance.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for X-ray expenses, prosthetic devices and nursing services. They can be used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

UM/UIM Coverage

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Equinox.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these coverages are set the same as your liablity limits.