Buying cheaper insurance for a Chevrolet Equinox in North Carolina depends on many different factors such as your marital status, your credit status, and driving violations and tickets. North Carolina drivers pay around $523 per year for Equinox insurance, but that amount is an approximation based upon a 50-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
There’s a high likelihood you’re not a 50-year-old female, you might be single instead of married, or maybe you prefer higher deductibles. Even a minor difference in rating variables or coverage information could end up with a large change in the price of coverage.
Not everyone needs the same coverages, so the way we recommend to find cheap insurance prices for your Chevrolet is to compare as many rates as possible.
Cheapest Chevrolet Equinox Insurance Rates
The trim level of your Chevrolet will most likely have an effect on the coverage cost, so the cost to insure a Equinox LS 2WD trim level will be $42 cheaper than the insurance cost for the more costly Equinox LTZ AWD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$92||$170||$234||$14||$70||$580||$48|
|Equinox LT 2WD||$92||$170||$234||$14||$70||$580||$48|
|Equinox LS AWD||$92||$170||$234||$14||$70||$580||$48|
|Equinox LT AWD||$92||$170||$234||$14||$70||$580||$48|
|Equinox LTZ 2WD||$104||$200||$234||$14||$70||$622||$52|
|Equinox LTZ AWD||$104||$200||$234||$14||$70||$622||$52|
|Equinox LTZ AWD||$104||$200||$234||$14||$70||$622||$52|
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Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Prices do not factor in your specific Raleigh location which can increase or decrease price quotes significantly.
Ending up with the best car insurance provider can be rather challenging considering how many choices you have in North Carolina. The ranking information listed below may help you choose which car insurance companies you want to consider shopping your coverage with. These rankings are for companies with a national presence, so smaller companies that only insure vehicles in North Carolina are not included in these rankings.
|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 Raleigh insurance
Auto insurance companies that offer quotes for a Chevrolet Equinox may also give you policy discounts that could lower prices by as much as 40% or more if you are eligible to receive them. Large car insurance companies and a partial list of their discounts are detailed below.
- State Farm policyholders can earn discounts including student away at school, good driver, passive restraint, Drive Safe & Save, multiple policy, good student, and anti-theft.
- GEICO includes discounts for anti-lock brakes, defensive driver, five-year accident-free, emergency military deployment, and military active duty.
- SAFECO offers discounts for bundle discounts, anti-theft, homeowner, teen safe driver, and accident prevention training.
- Farmers Insurance offers discounts including youthful driver, homeowner, alternative fuel, electronic funds transfer, and mature driver.
- AAA has savings for multi-policy, good driver, AAA membership discount, pay-in-full, good student, multi-car, and education and occupation.
- USAA has discounts for annual mileage, good student, new vehicle, family discount, and safe driver.
The chart below shows the difference between auto insurance costs with and without some available policy discounts. The data is based on a male driver, no claims or violations, North Carolina state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with vehicle safety, anti-theft, safe-driver, marriage, defensive driving course, and multiple policy discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a Chevrolet Equinox is 28% or $429.
The diagram below shows how choosing a deductible can influence yearly insurance costs when searching for cheap insurance for a Chevrolet Equinox. The information is based on a married male driver, full physical damage coverage, and no discounts are applied.
The chart above illustrates that a 30-year-old driver could pocket $268 a year by changing from a $100 deductible up to a $500 deductible, or save $404 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, have the ability to save up to $808 every year just by choosing larger deductibles.
If you do make the decision to raise your deductibles, it is a good idea to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Comparing rates on Equinox insurance can save you money
North Carolina car insurance rates are calculated based on many things that may substantially change the policy premium. Improving your credit score, increasing deductibles, or getting a speeding ticket may generate price changes that can make some companies cheaper in comparison to the competition. Additionally, auto insurance companies change prices every year or even multiple times each year to ensure their profitability. Unexpectedly high claims can result in higher prices, while better underwriting may result in lower-priced Equinox insurance rates.
To illustrate this example, the data below shows which company has the cheapest car insurance in Raleigh, NC for a 30-year-old male driver with no accidents or violations, and good credit. If we estimate prices based on his current risk profile, Progressive has the best car insurance rates in Raleigh at $732 a year. This is $140 less than the average premium paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Liberty Mutual, and Titan round out the rest of the top five cheapest Raleigh, NC auto insurance companies.
Now we will pretend the driver in the first example a chargeable accident, a little lower credit rating, and a speeding citation. Due to the fact that every insurance company uses their own formula for determining prices, getting updated rate quotes may result in a different ranking of affordable companies as shown below.
State Farm now has the best price on car insurance in Raleigh with GEICO, Auto-Owners, National General, and Allied now being in the top five. This example shows why Raleigh drivers need to compare rates to get the most budget-friendly auto insurance quotes for a Chevrolet Equinox. Insurance rates are impacted by many factors and can change substantially, so the most economical company a year ago may now cost much more than other companies.
The Raleigh car insurance agencies listed below can most likely help you decide which auto insurance coverages would be the best in your situation, as some people prefer to have some professional guidance when comparing insurance rates for an Equinox. It can be challenging to find the cheapest rate yourself, and getting professional guidance from a licensed agent can give you satisfaction knowing your policy gives you adequate coverage when you need it most. To find an auto insurance agency close to you, click the button after the list.
- Protective Agency
2026 New Bern Ave – Raleigh, NC 27610 – (919) 231-2281
- David White Insurance Agency
6512 Six Forks Rd #102c – Raleigh, NC 27615 – (919) 870-9191
- Matt Roberts Agency, Inc.
1151 Falls River Avenue, Suite 105-A – Raleigh, NC 27614 – (919) 845-2999
- Gina Tickle – State Farm Insurance Agent
8212 Creedmoor Rd #101 – Raleigh, NC 27613 – (919) 847-9774
- Chapman Insurance Agency, Inc.
6829 Falls of Neuse Rd #103 – Raleigh, NC 27615 – (919) 676-5066
View more Raleigh, NC insurance agencies
Ideas for finding low-cost car insurance for a Chevrolet Equinox
Lowering your rates is not difficult, and here are many penny-pinching solutions that can help Raleigh drivers get low-cost car insurance.
- Pay cheaper rates with good credit scores
- Violations and traffic tickets increase rates
- Raise your physical damage coverage deductibles
- Save money by only buying liability coverage for older vehicles
- The safer your car, the less it costs to insure
- Avoid accidents
- Compare rates often to find the best deal
That last idea is certainly critical, as we discussed in the prior article. Auto insurance prices in Raleigh adjust often, so don’t be hesitant to switch companies if a cheaper price is available. We understand brand loyalty, but is isn’t recommended if your bullheadedness ends up costing you lots of money. It only take a few minutes to shop around and find cheaper insurance for a Chevrolet Equinox.