Buying economical car insurance for a Chevrolet Equinox is pretty easy to do, but it hinges on a large number of rating criteria such as the mileage of your daily commute, the likelihood of vehicle theft, and any prior driving offenses. Drivers in Louisiana pay on average $1,276 per year for Equinox insurance, but that amount is an estimation calculated based on a 30-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.
The issue that arises when projecting rates is that it’s very likely that you may not be 30 years old (or even female), you might be single instead of married, or maybe you want more liability coverage than is required by law in Louisiana. Everone’s needs are different, and this illustrates why the only way to find cheap auto insurance rates for your Chevrolet is to do your own rate comparisons. In just a few minutes you can get rates from the best auto insurance companies that insure vehicles in Louisiana.
Your vehicle’s trim level tends to impact the cost of insurance, so the rate you pay to insure a Equinox LS 2WD will cost $122 less than the price to insure the more costly Equinox LTZ AWD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$284||$478||$474||$28||$142||$1,406||$117|
|Equinox LT 2WD||$284||$478||$474||$28||$142||$1,406||$117|
|Equinox LS AWD||$284||$478||$474||$28||$142||$1,406||$117|
|Equinox LT AWD||$284||$478||$474||$28||$142||$1,406||$117|
|Equinox LTZ 2WD||$320||$564||$474||$28||$142||$1,528||$127|
|Equinox LTZ AWD||$320||$564||$474||$28||$142||$1,528||$127|
|Equinox LTZ AWD||$320||$564||$474||$28||$142||$1,528||$127|
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price estimates do not factor in vehicle location which can affect coverage rates noticeably.
Finding good, cost effective insurance is not most people’s favorite thing to do, and determining which company quotes the lowest-priced auto insurance rates for a Chevrolet Equinox will take a little more work. Each auto insurer uses slightly different criteria for establishing rates, so let’s rank the auto insurance companies that tend to be cheaper in Louisiana.
Best Auto Insurance Prices for Your Equinox
|Rank||Company||Cost Per Year|
|6||Southern Farm Bureau||$2,248|
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USAA offers some of the cheapest car insurance rates in New Orleans at around $1,642 a year. GEICO, MetLife, Progressive, and Safeway also are some of the cheapest New Orleans, LA insurance companies.
As illustrated above, if you have coverage with MetLife and switched to USAA, you might achieve yearly savings of around $250. Policyholders with Progressive could save as much as $344 a year, and Safeway customers might lower prices by $578 a year.
These estimates are averages across all drivers and vehicles and do not take into consideration a specific zip code for a Chevrolet Equinox. So the car insurance company that fits your needs best may not even be in the top 12 companies in the list above. That illustrates why you need to get quotes using your own specific driver and vehicle information.
The diagram below shows how choosing a deductible can impact insurance costs when searching for cheap insurance for a Chevrolet Equinox. The premium estimates are based on a married female driver, full coverage, and no discounts are applied.
The data above shows that a 50-year-old driver could lower rates by $442 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $666 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could save as much as $1,098 every year just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it is important to have additional funds in a savings account to be able to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
A good deal can quickly turn bad
New Orleans, LA auto insurance rates are calculated based on many things which can significantly increase or decrease the cost of your policy. Turning one year older, marrying your spouse, or getting a driving violation may generate price changes that may make certain companies more affordable than the competition.
Additionally, companies amend premium rates as often as every quarter to reflect underwriting profits or losses. Significantly higher losses can cause rate increases, while lower claim expenses may cause cheaper Equinox insurance rates.
The bar chart below shows rates for the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with a good driving record, no prior claims, and good financial standing. If we look at prices based on his current situation, USAA may have the cheapest car insurance rates in New Orleans at $2,673 annually. This is $259 more than the average premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Southern Farm Bureau are the remaining top five cheapest New Orleans, LA auto insurance companies.
Now we will give the driver in the first chart a couple of claims, a lower credit rating, and a speeding citation. Because every insurance company has a proprietary method to establish rates, getting updated rate quotes may now show a significantly different list of affordable companies as shown below.
California Casualty now has the best insurance rate in New Orleans with State Farm, USAA, GEICO, and Safe Auto also having competitive pricing. This example shows why it is crucial to shop around with many companies to find the cheapest insurance rates for a Chevrolet Equinox. Insurance prices are calculated by many different factors and change dramatically, so the best price six months ago may now be costing you a lot of money.
If you would rather get some professional advice when comparing insurance rates for a Chevrolet Equinox, the agents listed below can most likely aid you in deciding which car insurance policy is best.
To find an auto insurance agency close to where you live, click the button at the bottom of the list or click here to compare price quotes now.
- Hartwig Moss Insurance Agency
2626 Canal St #3 – New Orleans, LA 70119 – (504) 525-9901
- Murphy Insurance LLC
2107 Soniat St – New Orleans, LA 70115 – (504) 899-8010
- Larry Talamo – State Farm Insurance Agent
6506 Spanish Fort Blvd – New Orleans, LA 70124 – (504) 282-3474
- Allstate Insurance: Kenneth Taylor
7037 Canal Blvd #201 – New Orleans, LA 70124 – (504) 283-9310