Lower Your 2006 Chevrolet Equinox Insurance Rates

Looking for lower insurance coverage rates for your Chevrolet Equinox? Feel like you’re a prisoner to high-priced insurance coverage? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.

You have multiple car insurance companies to buy insurance from, and although it’s a good thing to have a choice, so many choices can make it hard to compare rates and find the lowest cost insurance coverage.

You should take the time to do rate comparisons at least once a year since rates are rarely the same from one policy term to another. Despite the fact that you may have had the best rates on Equinox insurance a few years ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about insurance coverage because you’re about to learn one of the quickest ways to find the best coverage while lowering your premiums.

Buying car insurance is not rocket science. If you currently have car insurance, you should be able to reduce your rates substantially using these techniques. Nevertheless, drivers must know the methods companies use to sell insurance online because it can help you find the best coverage.

Discounts to lower Chevy Equinox insurance rates

Car insurance companies don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of some of the best known as well as the least known auto insurance savings.

  • Safety Course Discount – Taking a driver safety course could cut 5% off your bill depending on where you live.
  • Military Rewards – Being on active duty in the military may qualify for rate reductions.
  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Save over 55 – Mature drivers may qualify for a small decrease in premiums on Equinox insurance.
  • Payment Discounts – By paying your policy upfront instead of paying each month you may reduce your total bill.
  • Low Mileage – Driving fewer miles could qualify for better rates on cars that stay parked.
  • Driver’s Ed – Require your teen driver to enroll in driver’s education if offered at their school.
  • Paperwork-free – A few companies give back up to $50 simply for signing over the internet.
  • Air Bag Discount – Vehicles with factory air bags or automatic seat belts can qualify for discounts of more than 20%.
  • Auto/Home Discount – If you have multiple policies with the same company you may earn up to 20% off your total premium.

It’s important to understand that most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, auto insurance companies aren’t that generous.

To see a list of insurance companies with discount auto insurance rates, click here to view.

Quick Car Insurance Quotes

The are a couple different ways to get quotes from local car insurance companies. The recommended way to find the lowest 2006 Chevy Equinox rates consists of shopping online. It is quite easy and can be accomplished in a couple of different ways.

  1. The first (and easiest) way to compare a lot of rates at once would be an industry-wide quote request form like this one (opens in new window). This form eliminates the need for separate quote forms to each individual car insurance company. Completing one form will return price quotes from multiple low-cost companies.
  2. A different way to analyze rates consists of going to the website for every company you want to comare and fill out their own quote form. For instance, we’ll pretend you want to compare rates from GEICO, 21st Century and Liberty Mutual. You would have to spend time on each company’s site to input your insurance information, which is why the first method is more popular.

    For a list of links to companies insuring cars in your area, click here.

  3. The hardest method of comparing rate quotes is to drive around to insurance agents’ offices. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the personal advice only provided by licensed agents. You can, however, price shop online and get advice from an agent in your area and we’ll talk about that later.

It’s your choice how you get your quotes, but ensure you’re using the exact same information for every company. If your comparisons have different deductibles it’s not possible to make a fair comparison for your Chevy Equinox. Just a small difference in coverages can result in a big premium difference. Just remember that having more price comparisons will increase your chances of finding the best rates.

Chevy Equinox premiums are determined by many factors

It’s important that you understand some of the elements that help determine the rates you pay for insurance. Understanding what impacts premium levels helps enable you to make changes that can help you get big savings.

The following are a partial list of the pieces that factor into your rates.

  • Poor driving leads to higher costs – Good drivers tend to pay less for car insurance than people who have multiple driving citations. Even one citation can increase rates by as much as thirty percent. Drivers with severe tickets such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • Pleasure use or commuting – The higher the mileage driven each year the higher your rate. Most companies charge to insure your cars based upon how you use the vehicle. Cars and trucks not used for work or commuting get more affordable rates than those used for commuting. Ask your agent if your insurance declarations sheet is rated on the correct usage for each vehicle. If your policy improperly rates your Equinox may be costing you.
  • Your job and insurance rates – Did you know your insurance rates can be affected by your occupation? Occupations like lawyers, business owners and dentists have the highest average rates because of high stress levels and lots of time spent at work. Other occupations like actors, historians and performers get better rates on Equinox insurance.
  • Consolidate policies to earn discounts – Many insurers will award you with lower prices to insureds who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to compare rates to make sure you are getting the best deal. You may still find a better deal by buying insurance from a different company.
  • Keep rates low by being claim-free – Car insurance companies give discounts to people who are claim-free. If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Auto insurance is designed for major claims that would cause financial hardship.
  • Being married can save on insurance – Getting married can get you a discount on your insurance policy. Marriage translates into being more responsible it has been statistically shown that being married results in fewer claims.

Tailor your coverage to you

When buying coverage, there is no single plan that fits everyone. Every insured’s situation is different so this has to be addressed. For instance, these questions can aid in determining if you would benefit from professional advice.

  • Are split liability limits better than a combined single limit?
  • Does coverage extend to a rental car in a foreign country?
  • Do I need more liability coverage?
  • Do all my vehicles need collision coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • When does my teenage driver need to be added to my policy?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Can I afford to pay high deductible claims out of pocket?
  • Why am I required to buy liability insurance?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance coverages 101

Having a good grasp of a auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types offered by auto insurance companies.

Liability car insurance – This coverage protects you from injuries or damage you cause to people or other property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims such as funeral expenses, court costs, repair costs for stationary objects, emergency aid and medical expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Collision – This pays for damage to your Equinox from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like damaging your car on a curb, sustaining damage from a pot hole, sideswiping another vehicle, crashing into a ditch and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Comprehensive coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like a broken windshield, damage from flooding and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for expenses such as rehabilitation expenses, dental work, pain medications and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Chevy Equinox.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Cheaper insurance is a realistic goal

Budget-conscious 2006 Chevy Equinox insurance can be bought on the web as well as from independent agents, and you need to comparison shop both to have the best selection. A few companies don’t offer you the ability to get quotes online and these small, regional companies work with independent agents.

You just read a lot of tips how to reduce insurance prices online. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost than their larger competitors like Allstate, GEICO and Progressive.

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