Finding the best cheap insurance for a Chevrolet Equinox in Indiana is dependent upon a large number of factors such as how many miles you drive each year, whether you are claim-free, and the deductible amount you use. Indiana drivers will pay on average $903 annually for Equinox insurance, but that amount is a valuation calculated using a 50-year-old single male driver with full physical damage coverage and $250 deductibles.
When making auto insurance estimates, the issue arises that you may not be 50 years old (or even male), possibly married instead of single, and maybe you want different deductibles. Just a very minor change in the factors used in pricing a policy could end up with a large change in the amount insurance costs for a Chevrolet Equinox.
Not every driver requires the same auto insurance coverages, so the best method for finding cheap insurance prices for your Chevrolet is to put in the effort to do a thorough rate comparison. It’s really quite easy you can get prices from the best auto insurance companies that insure Chevrolet vehicles in Indiana.
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Vehicle trim level will be a contributing factor to the insurance rate, so the cost to insure a Equinox LS 2WD will be $92 cheaper than the price to insure the more expensive Equinox LTZ AWD model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$186||$376||$318||$18||$94||$992||$83|
|Equinox LT 2WD||$186||$376||$318||$18||$94||$992||$83|
|Equinox LS AWD||$186||$376||$318||$18||$94||$992||$83|
|Equinox LT AWD||$186||$376||$318||$18||$94||$992||$83|
|Equinox LTZ 2WD||$210||$444||$318||$18||$94||$1,084||$90|
|Equinox LTZ AWD||$210||$444||$318||$18||$94||$1,084||$90|
|Equinox LTZ AWD||$210||$444||$318||$18||$94||$1,084||$90|
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in vehicle garaging location which can alter coverage rates greatly.
How to find a good Indiana car insurance company
Picking the best auto insurance provider can be rather challenging considering how many different companies sell coverage in Fort Wayne. The information displayed below can help you pick which auto insurance companies to look at purchasing from.
The ratings below are for large, nationwide insurance companies, so companies without a large exposure are not included in this list. If you wish to compare prices from many more Indiana auto insurance companies, click here.
Top 10 Large Auto Insurance Companies in Fort Wayne Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Top 10 Large Auto Insurance Companies in Fort Wayne Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
How to get discounts on Fort Wayne car insurance rates
Insurers that offer coverage for a Chevrolet Equinox may also offer rate discounts that could reduce prices by 25% or more if you qualify. A few of the larger companies and their offered discounts are shown below.
- Farmers Insurance has savings for mature driver, switch companies, distant student, alternative fuel, and multi-car.
- State Farm discounts include passive restraint, accident-free, anti-theft, good driver, and multiple autos.
- Liberty Mutual may have discounts that include preferred payment discount, multi-car, safety features, new graduate, good student, newly retired, and newly married.
- MetLife may offer discounts for multi-policy, good driver, accident-free, claim-free, defensive driver, and good student.
- Progressive offers discounts including multi-policy, online quote discount, good student, continuous coverage, homeowner, multi-vehicle, and online signing.
The illustration below shows the difference between insurance prices with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no claims or violations, Indiana state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multiple vehicle, anti-theft, defensive driving course, accident-free, and claim-free discounts applied. When discounts are factored in, theaverage yearly reduction on car insurance for a Chevrolet Equinox is 28% or $446.
Impact of speeding/accidents on car insurance rates
The common sense way to receive cheap car insurance rates in Fort Wayne for an Equinox is to be a good driver and avoid tickets and accidents. The chart below demonstrates how speeding tickets and accident claims can influence insurance costs for different insured age categories. The premiums are based on a married male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of car insurance in Indiana per year with no accidents or violations is $1,339. Get one speeding ticket and the average cost rises to $1,538, an increase of $200 each year. Now get two accidents along with the one speeding ticket and the annual cost of car insurance for a Chevrolet Equinox increases to an average of $3,334. That’s an increase of $1,995, or $166 per month, just for not maintaining a clean driving record!
How to find the cheapest car insurance for a Chevrolet Equinox
Lowering your rates is not difficult, and here are some of the better penny-pinching suggestions that can help you get lower-cost coverage.
- Choose a safer vehicle and pay lower rates
- Raise deductibles to save money
- Do not get traffic violations
- Good credit can save money
- Prevent price hikes by avoiding at-fault accidents
- Do not pay for full coverage on older vehicles
- Look for cheaper rates once a year by shopping around
That final tip is notably vital, as we noted in this piece. Prices go up and down frequently, so don’t be hesitant to switch companies if you find a better deal.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that faithfulness ends up costing you a wad of cash every year. In just a couple of minutes you could compare rates and find cheaper car insurance for a Chevrolet Equinox in Fort Wayne.
If you have questions and prefer to get some guidance when comparing insurance rates for an Equinox, the professional agents shown below can answer your questions and help you decide which auto insurance policy would work best for you.
To find an auto insurance agency closest to you, click the button following the list.
Allstate Insurance: Darren Vogt
5830 E State Blvd – Fort Wayne, IN 46815 – (260) 493-3507
Lupke Rice Insurance-Financial
127 W Berry St # 500 – Fort Wayne, IN 46802 – (260) 424-4150
Melissa Satterthwaite – State Farm Insurance Agent
7757 Coldwater Rd – Fort Wayne, IN 46825 – (260) 489-5503