Insurance for Chevy EquinoxFinding low-cost insurance for a Chevy Equinox in Minnesota can normally be an all-consuming task, but you can learn our auto insurance buying tips to save time. There are both good and bad ways to buy auto insurance and we'll show you the quickest way to compare rates for your Chevy and obtain the cheapest rates either online or from Minneapolis insurance agents.

It's a great practice to quote other rates before your policy renews since insurance prices change regularly. If you had the best rates on Chevy Equinox insurance in Minneapolis two years ago you can probably find a better premium rate now. There is too much inaccurate information about Equinox insurance on the internet, but by reading this article, you're going to learn some good information on how to buy auto insurance cheaper in Minneapolis.

Locating the most cost-effective auto insurance policy in Minneapolis is actually quite simple. If you're already insured or want to find a cheaper company, use these techniques to reduce premiums and still have adequate protection. Shoppers only need an understanding of the proper way to compare rates from multiple carriers.

Best companies for affordable Chevy Equinox insurance in Minnesota

The car insurance companies shown below are our best choices to provide free quotes in Minnesota. If multiple providers are shown, it's highly recommended you visit as many as you can to get a more complete price comparison.

Chevrolet Equinox Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $222 $380 $326 $20 $98 $1,046 $87
Equinox LT 2WD $148 $298 $384 $22 $114 $966 $81
Equinox LS AWD $154 $276 $298 $18 $90 $836 $70
Equinox LT AWD $192 $376 $412 $24 $124 $1,128 $94
Equinox LTZ 2WD $342 $714 $428 $26 $128 $1,638 $137
Equinox LTZ AWD $194 $384 $334 $20 $100 $1,032 $86
Equinox LTZ AWD $170 $306 $318 $18 $94 $906 $76
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific garaging location which can alter coverage rates significantly.

How high should deductibles be?

One of the most common auto insurance questions is how low should you set your deductibles. The following insurance rates approximate the costs and benefits between low and high policy deductibles. The first table uses a $250 deductible and the second price grid uses a $500 deductible.

Chevrolet Equinox insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $246 $414 $318 $18 $94 $1,115 $93
Equinox LT 2WD $246 $414 $318 $18 $94 $1,115 $93
Equinox LS AWD $246 $414 $318 $18 $94 $1,115 $93
Equinox LT AWD $246 $414 $318 $18 $94 $1,115 $93
Equinox LTZ 2WD $276 $486 $318 $18 $94 $1,217 $101
Equinox LTZ AWD $276 $486 $318 $18 $94 $1,217 $101
Equinox LTZ AWD $276 $486 $318 $18 $94 $1,217 $101
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Chevrolet Equinox insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $200 $334 $318 $18 $94 $964 $80
Equinox LT 2WD $200 $334 $318 $18 $94 $964 $80
Equinox LS AWD $200 $334 $318 $18 $94 $964 $80
Equinox LT AWD $200 $334 $318 $18 $94 $964 $80
Equinox LTZ 2WD $224 $392 $318 $18 $94 $1,046 $87
Equinox LTZ AWD $224 $392 $318 $18 $94 $1,046 $87
Equinox LTZ AWD $224 $392 $318 $18 $94 $1,046 $87
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in specific garaging location which can affect premium rates considerably.

We can derive from the above data that using a $250 deductible would cost the average driver about $13 more each month or $156 for a full year than quoting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claim filings, you would save money going with the higher deductible. The illustration below shows how this calculation is made.

Average monthly premium for $250 deductibles: $96
Average monthly premium for $500 deductibles (subtract): - $83
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important issue to know is that increasing deductibles to save money means you will have to pay more out-of-pocket at claim time. You need to make sure you have some savings in the bank in order to pay the deductible for vehicle repair.

Should you raise deductibles?

The information below demonstrates how deductibles and can influence Chevrolet Equinox insurance rates for each age group. The price estimates are based on a married female driver, full physical damage coverage, and no other discounts are factored in.

Chevrolet Equinox insurance rates: Men versus women

The example below illustrates the difference between Chevrolet Equinox annual premium costs for male and female drivers. The rate quotes are based on no accidents or driving violations, full coverage, $100 deductibles, drivers are single, and no other discounts are factored in.

Auto insurance policy discounts for Chevy Equinox insurance in Minneapolis

Companies that sell car insurance don't necessarily list all discounts very well, so the list below details both the well known in addition to some of the lesser obvious ways to save on auto insurance. If you're not getting every credit possible, you are just wasting money.Cheaper auto insurance with discounts

Keep in mind that some credits don't apply to the entire cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. Just because it seems like all those discounts means the company will pay you, nobody gets a free ride.

Some companies that have these discounts are:

When getting a coverage quote, ask all companies you are considering to give you their best rates. All car insurance discounts might not be offered on policies in your state. To find providers offering auto insurance discounts in Minneapolis, click this link.

Five Tips to Get More Affordable Minneapolis Insurance Rates

Lots of factors are used in the calculation when you get a price on insurance. Some are obvious like a motor vehicle report, but other factors are more obscure like your continuous coverage or your commute time.

Bad driving leads to higher prices - Your driving record has a lot to do with how much you pay for insurance. Attentive drivers receive lower rates compared to drivers with tickets. Just one citation can increase the cost of insurance forty percent or more. People who have multiple tickets such as reckless driving or DUI may face state-mandated requirements to prove financial responsibility with their state's licensing department in order to legally drive.

Where you live plays a part - Being located in less populated areas may provide you with better prices when shopping for auto insurance. Fewer people translates into fewer accident claims and also fewer theft and vandalism claims. People who live in big cities regularly have traffic congestion and longer commutes to work. More time commuting means a statistically higher chance of an accident.

Small claims can cost you - Car insurance companies in Minnesota generally give the lowest premiums to people who file claims infrequently. If you tend to file frequent claims, you can look forward to either a policy non-renewal or much higher rates. Your insurance policy is designed for major claims that would cause financial hardship.

Put fewer miles on your vehicle - The higher the mileage driven each year the more you'll pay to insure it. Most insurance companies calculate prices partially by how you use the vehicle. Cars and trucks left parked in the garage get more affordable rates than those used for commuting. Double check that your declarations sheet correctly shows the proper vehicle usage, because improper ratings can cost you money. Incorrect rating for your Equinox can result in significantly higher rates.

The type of car you drive affects your rates - The make and model of the vehicle you are trying to find cheaper insurance for makes a big difference in your premium level. The lowest base rates are for lower performance four cylinder passenger models, but the final cost of insurance is determined by many other factors. Because the Chevrolet Equinox is considered a crossover, rates will be slightly more as compared to the average rate in Minneapolis.

Chevy Equinox claim statistics - Companies use data from past claims to help determine rates. Vehicles that are shown to have high amounts or severity of claims will be charged more to insure. The next table illustrates the historical insurance loss data for Chevy Equinox vehicles.

For each policy coverage, the claim amount for all vehicles, regardless of manufacturer or model, is considered to be 100. Values that are under 100 indicate better than average losses, while numbers above 100 point to more frequent losses or an increased chance of larger losses than average.

Insurance Loss Ratings for Chevrolet Equinox Vehicles

Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Equinox 4dr 2WD 82 86 74 101 104 93
Chevrolet Equinox 4dr 4WD 84 88 85 89 93 81
BETTER
AVERAGE
WORSE

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

You are unique and your insurance should be too

When quoting and comparing adequate coverage, there is no "best" method to buy coverage. Everyone's needs are different.Safe vehicles cost less to insure

These are some specific questions could help you determine if your insurance needs may require specific advice.

If you don't know the answers to these questions, you may need to chat with an agent. If you don't have a local agent, fill out this quick form. It is quick, free and you can get the answers you need.

Exclusive versus independent car insurance agents

Some people just want to get advice from a local agent. Good insurance agents are trained to spot inefficiencies and help submit paperwork. The best thing about comparing rate quotes online is the fact that drivers can get cheaper premium rates but also keep your business local.

Insurance agents in MinneapolisOnce you complete this simple form, your information is immediately sent to insurance agents in Minneapolis that provide free Minneapolis car insurance quotes and help you find cheaper coverage. You won't need to leave your computer because quoted prices will be sent instantly to you. If you need to compare rates from a particular provider, don't hesitate to go to their quote page and fill out the quote form the provide.

Picking the best insurer should include more criteria than just the quoted price. Before buying a policy in Minneapolis, get answers to these questions.

Save $458 a year! What?

Minnesota drivers get pounded daily by advertisements that promise big savings for switching by GEICO, State Farm and Progressive. They all convey the message that you'll save big if you get a free Minneapolis car insurance quote and switch your coverage to them.

How is it possible that every company can cost less than your current company? This is the trick they use.

All companies have specific criteria for the driver that will add to their bottom line. An example of a desirable risk should be between 25 and 40, is a homeowner, and drives a safe vehicle. Any new insured who matches that profile will most likely get cheap premium rates and therefore will save if they switch.

Consumers who do not fit the "perfect" profile will get more expensive rates and this can result in the prospect going elsewhere. The ads say "people who switch" not "all people who quote" will save that much if they switch. That is how insurance companies can confidently make claims like that. Because of these techniques, it is so important to get a wide range of price quotes. It's just not possible to know which car insurance company will have the best Chevy Equinox insurance in Minneapolis.

Don't give up on cheap coverage

Drivers change insurance companies for a variety of reasons including poor customer service, delays in paying claims, an unsatisfactory settlement offer or even policy non-renewal. Whatever your reason, finding the right auto insurance provider is pretty easy and you might even save some money in the process.

Discount Chevy Equinox insurance in Minneapolis can be purchased both online and from local insurance agents, so you should be comparing quotes from both to have the best rate selection. Some companies do not offer the ability to get a quote online and usually these smaller providers sell through independent agencies.

We covered many ideas to reduce Chevy Equinox insurance rates online in Minneapolis. It's most important to understand that the more rate comparisons you have, the better your comparison will be. Drivers may even discover the best price on auto insurance is with some of the lesser-known companies.

Additional information is located at these links: