Finding cheap coverage for a Chevrolet Equinox is pretty straightforward, but it hinges on a lot of different factors such as whether the vehicle is new, whether or not you have prior claims, and if you have tickets or violations. Drivers in North Carolina pay on average $597 each year for Equinox insurance, but that cost is an estimation calculated using a 30-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.
There’s a high likelihood you aren’t exactly 30 years old or even a male, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. There is no one cookie-cutter policy that works for everyone, so the only way to find cheap car insurance rates for your Chevrolet is to do a thorough rate comparison.
The trim level of your vehicle will most likely have an effect on the yearly cost, so the price you will pay to insure a Equinox LS 2WD will be $52 less than the price to insure the fancier Equinox LTZ AWD version, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$118||$204||$250||$14||$74||$660||$55|
|Equinox LT 2WD||$118||$204||$250||$14||$74||$660||$55|
|Equinox LS AWD||$118||$204||$250||$14||$74||$660||$55|
|Equinox LT AWD||$118||$204||$250||$14||$74||$660||$55|
|Equinox LTZ 2WD||$134||$240||$250||$14||$74||$712||$59|
|Equinox LTZ AWD||$134||$240||$250||$14||$74||$712||$59|
|Equinox LTZ AWD||$134||$240||$250||$14||$74||$712||$59|
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in specific garaging location which can raise or lower auto insurance rates greatly.
Ending up with a high-quality auto insurance company is difficult considering how many choices there are in North Carolina. The rank data in the next section could help you pick which car insurance providers you want to consider buying from. The ratings below include the largest auto insurers in America, so companies that focus mainly on North Carolina business are not included in the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Reckless driving habits raise Charlotte auto insurance rates
The easiest method to get the cheapest auto insurance prices in North Carolina for an Equinox is to be a safe driver and avoid getting tickets or having accidents. The diagram below highlights how traffic violations and at-fault accidents drive up insurance costs for different age groups. The price estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of car insurance per year with no accidents or violations is $1,287. Receive one speeding ticket and the average cost increases to $1,477, an increase of $189 each year. Then add in one accident along with the one speeding ticket and the annual cost of auto insurance for a Chevrolet Equinox increases to an average of $2,012. That’s an increase of $725, or $60 per month, just for not being attentive to the road!
Low rates today, overpriced tomorrow
Charlotte auto insurance rates are impacted by many factors that will increase or decrease the cost of coverage. Turning one year older, increasing deductibles, or getting a ticket for running a stop sign can cause premium changes that can make some companies cheaper than competitors.
Not only may things change on your end, but car insurance companies change the rates they charge in North Carolina every year to ensure their profitability. An extended period of higher than normal claims can cause a rate increase, while lower claim expenses may cause cheaper Equinox insurance rates.
To illustrate this example, the bar chart below shows the company with the cheapest car insurance in Charlotte, NC for a 45-year-old male driver with no violations or accidents, and solid credit. If we estimate prices based on his personal profile, Utica National quotes the best car insurance rates in Charlotte at $785 a year. This is $87 less than the average price paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, Liberty Mutual, and Penn National are also included in the most affordable Charlotte, NC auto insurance companies.
Now we will give the driver from the first example a claim, a lower credit rating, and a few traffic violations. Because every insurance company uses their own method to establish rates, comparing insurance quotes most likely will result in a completely different list of the cheapest car insurance companies in Charlotte as shown below.
GEICO now has the best price on car insurance in Charlotte with State Farm, Auto-Owners, Progressive, and Travelers now rounding out the top five. This illustrates why Charlotte drivers need to perform a complete rate comparison when trying to find the most economical car insurance rates for a Chevrolet Equinox. Insurance prices can be determined by many factors and can increase or decrease at any time, so the cheapest option six months ago may now be an over-priced policy.
If you wish to get some guidance when comparing insurance rates for a Chevrolet Equinox, the agents below can help you decide which insurance coverage you need. To find a Charlotte insurance agency closest to you, click the button following the list.
Johnson Insurance Management, LLC
3220 Wilkinson Boulevard Ste A3 – Charlotte, NC 28208 – (704) 394-7327
4420 C The Plaza – Charlotte, NC 28215 – (704) 563-4343
Southeast Insurance Agency
212 S Tryon St #1605 – Charlotte, NC 28281 – (704) 885-8006
Biggs Insurance Group
13850 Ballantyne Corporate Pl #500 – Charlotte, NC 28277 – (704) 369-5270
Allstate Insurance: John Rose
6853 Fairview Rd c – Charlotte, NC 28210 – (704) 366-7779