Buying auto insurance online can be challenging if you haven't ever compared insurance using online quotes. Don't let that stop you because there is an easy way to compare rates for Chevy Equinox insurance in Rochester.

Insurance rates Chevy Equinox in RochesterA recent auto insurance study discovered that a large majority of auto insurance policyholders in Minnesota kept their coverage with the same auto insurance company for at least four years, and nearly 40% of drivers have never compared auto insurance rates at all. Most drivers in the U.S. could save approximately $860 a year by just shopping around, but most undervalue how much money they would save if they bought a different policy.

Consumers need to compare premium rates as often as possible because prices change quite often. Despite the fact that you may have had the lowest price on Chevy Equinox insurance in Rochester last year you may be paying too much now. You can find a lot of information about Equinox insurance out there, but I'm going to show you the easiest ways to lower your auto insurance rates in Rochester.

This information will help you learn how car insurance companies work and some tricks to saving. If you are insured now, you will surely be able to shop for the lowest rates using this strategy. Nevertheless, Minnesota consumers should learn the way companies determine prices because rates are impacted by many factors.

Cheap Chevy insurance price quotes in Rochester

The auto insurance companies shown below provide price comparisons in Minnesota. If multiple providers are shown, it's highly recommended you compare several of them in order to get a fair rate comparison.

Chevrolet Equinox Insurance Rates in Rochester, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $152 $260 $318 $18 $94 $842 $70
Equinox LT 2WD $146 $254 $324 $20 $96 $840 $70
Equinox LS AWD $116 $216 $298 $18 $90 $738 $62
Equinox LT AWD $272 $508 $428 $26 $128 $1,362 $114
Equinox LTZ 2WD $218 $384 $324 $20 $96 $1,042 $87
Equinox LTZ AWD $308 $580 $318 $18 $94 $1,318 $110
Equinox LTZ AWD $204 $362 $326 $20 $98 $1,010 $84
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Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Table data does not factor in your specific Rochester location which can impact coverage prices considerably.

Analysis of deductible levels

One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The rates shown below may help to conceptualize the rate differences of buying low and high policy deductibles. The first pricing table uses a $250 physical damage deductible and the second price chart uses a $500 deductible.

Chevrolet Equinox insurance policy rates 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 policy rates 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
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rates do not factor in specific location information which can raise or lower insurance rates significantly.

We can derive from the above data that using a $250 deductible costs roughly $13 more each month or $156 every year than requesting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 19 months between claim filings, you would probably be better off if you choose the higher deductible.

How to calculate if a higher deductible is a good decision

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

Lower rates by qualifying for discounts

Companies that sell car insurance don't always advertise all available discounts very clearly, so the following list contains some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates.Insurance discounts

As is typical with insurance, most discount credits are not given to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. Even though it appears having all the discounts means you get insurance for free, it's just not the way it works. Any qualifying discounts will definitely reduce your policy cost.

If you would like to view insurance companies that have a full spectrum of discounts in Minnesota, click here.

Why Your Insurance Prices might be higher

When buying car insurance it's important to understand some of the things that go into determining your car insurance rates. If you have some idea of what influences your rates, this empowers consumers to make smart changes that may reward you with lower rates.

The factors shown below are a few of the things used by companies to determine rates.

How to know if you need help

When quoting and choosing adequate coverage for your personal vehicles, there really isn't a perfect coverage plan. Every situation is different.Higher deductibles save money

For example, these questions may help highlight if your situation would benefit from an agent's advice.

If you're not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form.

Do I need an insurance agent?

Many drivers would prefer to get advice from a local agent and that is just fine! The biggest benefit of getting online price quotes is the fact that you can find cheaper prices and still buy from a local agent. Buying from local agents is still important in Rochester.

Insurance agents in RochesterTo help locate an agent, after submitting this short form, your coverage information is immediately sent to local insurance agents in Rochester who will give you bids to get your business. There is no reason to search for any insurance agencies due to the fact that quote results will go to you. You can get cheaper auto insurance rates without requiring a lot of work. If you want to get a comparison quote from a particular provider, just jump over to their website and fill out their quote form.

Picking the best insurer is decision based upon more than just the premium amount. The answers to these questions are important, too.

But they said I'd save $442 a year!

Companies like State Farm, Allstate and GEICO endlessly run ads on TV and radio. All the ads make an identical promise that drivers will save a bundle if you change your auto insurance coverage to their company. But how can every company give you a better price on Chevy Equinox insurance in Rochester? It's all in the numbers.

Auto insurance companies require specific criteria for the driver that makes them money. For instance, a driver they prefer might be a married male, has had continuous coverage, and drives a car with an anti-theft system. A customer getting a price quote who meets those qualifications will qualify for the lowest premium rates in Rochester and most likely will save a lot on Rochester Chevy Equinox insurance if they switch.

People who are not a match for the ideal profile may be forced to pay a more expensive rate which results in the driver buying from a lower-cost company. The trick is to say "drivers who switch" but not "all drivers who get quotes" can get the lowest rates when switching. That's the way insurance companies can confidently make claims like that.

Because every company is different, you really should compare rate quotes every year. It's just not possible to know with any certainty which company will give you the biggest savings.

In the end, you can save money

When you buy Rochester auto insurance online, never buy lower coverage limits just to save a few bucks. In many cases, someone dropped liability limits or collision coverage only to find out they didn't purchase enough coverage. The proper strategy is to get the best coverage possible for the lowest cost, but don't skip important coverages to save money.

People leave their current company for any number of reasons including high prices, being labeled a high risk driver, lack of trust in their agent and even poor customer service. It doesn't matter what your reason, finding a new company can be pretty painless.

You just read a lot of information how to find lower-cost Chevy Equinox insurance in Rochester. It's most important to understand that the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates come from a small local company.

More detailed auto insurance information is located by following these links: