Finding cheap insurance for a Chevrolet Equinox in Indiana hinges on a lot of things such as whether you are a homeower, whether or not you have filed claims in the past, and if you have a history of accidents. Drivers in Indiana will pay around $590 per year for Equinox insurance, but that amount is an approximation calculated using a 50-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
It's highly likely you are not 50 years old and maybe not even female, you might be single instead of married, or maybe you prefer to not insure for full coverage. Just a minor difference in the criteria used to calculate rates could end up with a large change in the cost of insurance.
Auto insurance is unique to each driver, so the best way to find cheap insurance prices for your Chevrolet is to just compare rates yourself. In just a few minutes you will receive prices from the best auto insurance companies that insure Chevrolet vehicles in Indiana.
The specific model of Equinox will influence the annual cost of coverage, so the cost to insure a Equinox LS 2WD trim level will be $46 lower than the cost to insure the more expensive Equinox LTZ AWD model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$104||$190||$264||$16||$80||$654||$55|
|Equinox LT 2WD||$104||$190||$264||$16||$80||$654||$55|
|Equinox LS AWD||$104||$190||$264||$16||$80||$654||$55|
|Equinox LT AWD||$104||$190||$264||$16||$80||$654||$55|
|Equinox LTZ 2WD||$116||$224||$264||$16||$80||$700||$58|
|Equinox LTZ AWD||$116||$224||$264||$16||$80||$700||$58|
|Equinox LTZ AWD||$116||$224||$264||$16||$80||$700||$58|
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in vehicle garaging location which can influence premiums noticeably.
Selecting the best insurance provider can be a challenge considering how many companies sell insurance in Indiana. The company information shown next can help you decide which auto insurance companies to look at buying from. The ratings below only include companies who write in the majority of U.S. states, so companies that have a smaller presence are not taken into consideration for this 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
How to get discounts on Indiana car insurance rates
Car insurance companies that provide policies for a Chevrolet Equinox may have premium discounts that could lower prices by 40% or more if you meet the requirements. A few popular companies and their possible discounts include:
- State Farm may have discounts that include accident-free, Steer Clear safe driver discount, multiple policy, safe vehicle, defensive driving training, driver's education, and Drive Safe & Save.
- Liberty Mutual has savings for new move discount, teen driver discount, newly retired, hybrid vehicle, and newly married.
- American Family offers discounts including TimeAway discount, defensive driver, mySafetyValet, multi-vehicle, air bags, and early bird.
- Progressive may offer discounts for multi-policy, online quote discount, homeowner, online signing, continuous coverage, multi-vehicle, and good student.
- Farmers Insurance includes discounts for mature driver, good student, bundle discounts, teen driver, and youthful driver.
- Auto-Owners Insurance offers premium reductions for paperless, company car, mature driver, teen driver, paid in full, good student, and air bags.
- SAFECO discounts include homeowner, teen safety rewards, safe driver, accident prevention training, and multi-car.
The information below shows the difference between insurance premiums with and without discounts applied. The data is based on a female driver, no violations or claims, Indiana state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with defensive driving course, accident-free, passive restraint, multiple policy, marriage, and anti-theft discounts applied. When discounts are applied, theaverage amount saved on car insurance for a Chevrolet Equinox is 28% or $499.
The diagram below demonstrates how choosing different deductibles can change premium costs when researching cheap insurance for a Chevrolet Equinox in Indiana. The prices are based on a married female driver, full coverage, and no other discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower their policy premium by $268 a year by changing from a $100 deductible to a $500 deductible, or save $404 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could drop their prices up to $566 annually just by choosing higher deductibles. When raising deductibles, it will be important to have plenty of money set aside to enable you to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Liability-only versus full coverage
Paying a lower price for car insurance is important to the majority of drivers, and one good way to reduce the cost of insurance for a Chevrolet Equinox in Indiana is to not pay for full coverage. The information below shows the comparison of insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Indiana. Data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage coverage on your policy costs an extra $1,495 per year more than just buying liability only. Lot's of drivers question when is it a good idea to stop buying full coverage. There isn't a steadfast formula of when to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.