Compare Chevy Equinox Insurance Rate Quotes in New Orleans

The preferred way to get affordable auto insurance rates in New Orleans is to make a habit of regularly comparing prices from companies that insure vehicles in Louisiana. You can compare rates by following these steps.

First, gain an understanding of the different coverages in a policy and the modifications you can make to lower rates. Many rating factors that result in higher prices such as accidents, traffic tickets, and bad credit can be controlled by improving your driving habits or financial responsibility. Read the full article for ideas to get lower rates and get discounts that may be available to you.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO and Allstate, while independent agencies can give you price quotes from multiple sources.

Third, compare the quotes to your existing coverage to see if cheaper Equinox coverage is available. If you find a lower rate quote and change companies, make sure coverage is continuous and does not lapse.

Fourth, notify your company or agent to cancel the current policy and submit a completed application and payment for the new coverage. Once the paperwork is finalized, place your new proof of insurance paperwork somewhere easily accessible.

A good tip to remember is that you use identical deductibles and limits on each quote and and to get price quotes from every company you can. This helps ensure an apples-to-apples comparison and a complete price analysis.

We don’t have to point out that fact that car insurance companies don’t want their policyholders to compare prices. Drivers who get comparison quotes at least once a year will probably move their business because there are good odds of finding a policy with better rates. A recent survey discovered that consumers who regularly shopped around saved over $3,450 over four years compared to drivers who never shopped for cheaper rates.

If finding the most affordable auto insurance is why you’re here, then having a grasp of the best ways to find and compare auto insurance can help you be more efficient.

Locating the most cost-effective insurance policy in New Orleans can be made easier if you know where to look. If you are insured now, you will be able to reduce the price you pay using the concepts you’re about to learn. But Louisiana vehicle owners must learn the way insurance companies determine what you pay.

When comparing auto insurance rates, know that comparing all the rates in your area will improve the odds of getting a better price.

The providers in the list below are our best choices to provide price comparisons in Louisiana. If you want to find the best auto insurance in LA, it’s a good idea that you click on several of them to get a more complete price comparison.

Rates and statistics

The table displayed next outlines detailed analysis of insurance costs for Chevy Equinox models. Having a better understanding of how car insurance prices are calculated can help drivers make smart choices when buying a policy.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in vehicle location which can raise or lower rates substantially.

Policy deductible comparison

One frequently asked question is the level to set your comp and collision deductibles. The following insurance rates illustrate how much more rates are when you buy lower versus higher physical damage coverage deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price information does not factor in zip code location which can impact coverage prices greatly.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $48 more each month or $576 for a full year across all Chevrolet Equinox models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 19 months between claims, you would probably save some money if you elect the higher deductible.

The diagram below shows how different deductible levels and can influence Chevy Equinox insurance premiums for different age groups. The price estimates are based on a married female driver, full coverage, and no discounts are applied.

Illustration showing the impact of accidents and violations

The illustration below demonstrates how citations and accident claims can influence Chevy Equinox annual premium costs for different age groups. The costs are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.

Do you need full coverage?

The information below compares Chevy Equinox insurance rates when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no written rule of when to exclude physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Chevy Equinox book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after paying the physical damage deductible. If you are currently paying more than $200 annually for full coverage, then it could be time to drop full coverage.

There are some situations where removing full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Insuring your vehicle just makes sense

Even though New Orleans Equinox insurance rates can get expensive, insuring your vehicle is a good idea for several reasons.

• The majority of states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability protection if you drive a vehicle. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your Chevy Equinox, most lenders will stipulate that you have full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Chevy for a lot more money and make you pay much more than you were paying before.
• Insurance protects both your car and your assets. It will also provide coverage for medical expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers legal expenses if you are named as a defendant in an auto accident. If your Chevy gets damaged, your policy will pay to restore your vehicle to like-new condition.

The benefits of having insurance are definitely more than the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver overpays as much as $700 annually so it’s important to compare rates each time the policy renews to help ensure money is not being wasted.

Insurance Premium Influencing Factors

The best way to find cheaper car insurance is to take a look at some of the things that help calculate the level of your policy premiums. If you have some idea of what influences your rates, this allows you to make educated decisions that could help you find lower premium levels. Many different elements are used when pricing auto insurance. Some factors are common sense such as your driving history, but some are less apparent like your continuous coverage or how financially stable you are.

• Infrequent drivers can save – The more you drive annually the more you’ll pay to insure it. Most companies rate vehicles partially by how you use the vehicle. Vehicles that sit idle most of the time can be on a lower rate level than those used for commuting. Verify your car insurance declarations sheet states the right rating data. A policy that improperly rates your Equinox can cost quite a bit.

• Women tend to be lower risk – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, don’t assume that men are worse drivers. They both cause at-fault accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. They also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 tend to get in the most accidents and therefore pay the highest rates.

  The information below visualizes the comparison of Chevy Equinox insurance costs for male and female drivers. The prices are based on a clean driving record, no claims, full coverage, $100 deductibles, single status, and no policy discounts are applied.

• With age comes responsibility – Older drivers tend to be more responsible, file fewer claims, and are safer drivers. Beginning drivers are proven to be careless and easily distracted when driving with friends and because of this, their car insurance rates are much higher.

  The chart below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

• Better premiums on safer vehicles – Vehicles with good safety scores cost less to insure. Safer cars protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders.
• More traffic equals higher prices – Living in less populated areas is a good thing when insuring your vehicles. Fewer drivers on the road means reduced accidents in addition to lower liability claims. City drivers have more traffic problems and much longer commute distances. Spending more time driving means higher likelihood of an accident.

• Performance impacts costs – The type of car you are buying insurance for makes a significant difference in your premium level. The most favorable rates will normally be found when insuring the lowest performance passenger models, but that’s not the only thing that factors into the final price.

  The following data is based on a married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. The data compares Chevrolet Equinox policy rates compared to other models of vehicles that have different risk factors.

• Insurance losses for a Chevy Equinox – Auto insurance companies use past insurance losses to help calculate premium costs. Vehicles that are shown to have high amounts or severity of claims will have higher premium rates.

  The table below illustrates the compiled insurance loss statistics for Chevy Equinox vehicles. For each type of coverage, the claim amount for all vehicles compiled together is set at 100. Values that are under 100 indicate a favorable loss history, while values that are above 100 point to more frequent losses or an increased probability of a larger loss.

  
  

  Chevrolet Equinox Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Chevrolet Equinox 4dr 2WD	82	86	74	101	104	93
  Chevrolet Equinox 4dr 4WD	84	88	85	89	93	81

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Cheap New Orleans auto insurance rates with discounts

Auto insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts that you may not even know about. Certain discounts will be triggered automatically at the time of purchase, but some must be asked for before being credited.

• Memberships – Participating in specific professional or occupational memberships or organizations could qualify you for a break on auto insurance.
• Payment Discounts – If you can afford to pay the entire bill rather than paying in monthly installments you can avoid the installment charge.
• Safe Drivers – Insureds who avoid accidents may save up to 50% more than their less cautious counterparts.
• ABS Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control can stop better under adverse conditions so you can save 10 percent or more.
• Savings for New Vehicles – Insuring a vehicle that is new is cheaper since newer models have better safety ratings.
• Bundled Policy Discount – If you combine your home and auto policies and insure them with the same company you may save approximately 10% to 15%.
• Defensive Driving Course – Taking part in a driver safety course could possibly earn you a 5% discount if you qualify.
• Home Ownership Discount – Owning a house in New Orleans may earn you a small savings due to the fact that maintaining a home means you have a higher level of financial diligence.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think you can get free auto insurance, company stockholders wouldn’t be very happy.

The information below illustrates the comparison of Chevy Equinox auto insurance rates with and without discounts applied to the policy premium. The data is based on a male driver, no claims or driving violations, Louisiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, claim-free, multi-car, and safe-driver discounts applied.

Large auto insurance companies and their possible discounts are included below.

• State Farm may offer discounts for multiple policy, anti-theft, good driver, defensive driving training, Drive Safe & Save, and accident-free.
• American Family has discounts for bundled insurance, good student, mySafetyValet, defensive driver, early bird, TimeAway discount, and multi-vehicle.
• AAA has savings for AAA membership discount, good driver, education and occupation, pay-in-full, and anti-theft.
• GEICO may include discounts for good student, daytime running lights, driver training, multi-policy, seat belt use, military active duty, and five-year accident-free.
• Mercury Insurance offers discounts including professional/association, good driver, anti-theft, good student, location of vehicle, multi-car, and accident-free.
• Farmers Insurance includes discounts for homeowner, mature driver, youthful driver, business and professional, teen driver, distant student, and multi-car.
• Progressive offers premium reductions for homeowner, multi-policy, multi-vehicle, online signing, online quote discount, and good student.

Before you buy a policy, ask all companies you are considering which credits you are entitled to. Some credits may not be offered everywhere. To see insurers who offer free Chevy Equinox insurance quotes in Louisiana, follow this link.

You are unique and your auto insurance should be too

Always keep in mind that when comparing insurance from an agent or online for your personal vehicles, there isn’t really a one-size-fits-all type of policy. Your financial needs are unique.

These are some specific questions may help you determine if your situation may require specific advice.

• Do I need special endorsements for business use of my vehicle?
• What is the ISO rating for a Chevy Equinox?
• Is there coverage for injuries to my pets?
• Who sells insurance for high-risk drivers?
• Do they offer discounts for home and auto coverage?
• Should I bundle my homeowners policy with my auto?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form.

Exclusive and independent insurance agents

Some people still like to sit down and talk to an agent and doing so can bring peace of mind One of the great benefits of getting free rate quotes online is that drivers can save money and get lower premium rates and still buy from a local agent.

For easy comparison, once you complete this short form, your coverage information is submitted to companies in New Orleans who will gladly provide quotes for your auto insurance coverage. It makes it easy because there is no need to contact any insurance agencies because prices are sent to you directly. You’ll get the best rates and a licensed agent to work with. If you wish to get a price quote for a specific company, feel free to jump over to their website and complete a quote there.

Choosing the best insurance company requires you to look at more than just the quoted price. Here are some questions you might want to ask.

• Do they regularly work with personal auto policies in New Orleans?
• How long have they worked with personal auto insurance coverage?
• Is the agent and/or agency licensed to do business in Louisiana?
• Do they prorate repair cost based on vehicle mileage?
• Is there a Errors and Omissions policy in force?
• How is replacement cost determined on your vehicle?
• Do they get extra compensation for selling add-on coverages?

New Orleans auto insurance agents are either independent or exclusive

When searching for a reliable insurance agent, you need to know there are two different types of agents and how they can service your needs differently. Agents in New Orleans can either be exclusive or independent (non-exclusive).

Exclusive Agents

Agents that choose to be exclusive are contracted to one company and examples are State Farm, Allstate and AAA. Exclusive agencies are unable to provide rate quotes from other companies so you might not find the best rates. Exclusive insurance agents are well trained on their company’s products which helps them compete with independent agents.

Shown below is a short list of exclusive agencies in New Orleans willing to provide rate quotes.

View more agents

Independent Insurance Agents

Agents that elect to be independent do not sell for just one brand and that allows them to write policies with any number of different companies enabling the ability to shop coverage around. To transfer your coverage to a different company, the agent simply finds a different carrier and that require little work on your part.

When comparing rate quotes, we recommend you include price quotes from several independent insurance agents in order to have the best price comparison.

Listed below is a short list of independent insurance agents in New Orleans that are able to give rate quotes.

View more agents

Car insurance savings summarized

Cost effective Chevy Equinox insurance can be sourced from both online companies in addition to many New Orleans insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies may not offer price quotes online and these smaller providers work with independent insurance agencies.

Consumers change insurance companies for a variety of reasons including questionable increases in premium, delays in paying claims, policy non-renewal or even being labeled a high risk driver. Regardless of your reason for switching companies, finding a new company is not as difficult as it may seem.

We just showed you a lot of tips how to reduce Chevy Equinox insurance auto insurance rates online in New Orleans. 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 auto insurance rates are with the smaller companies.

Much more information about car insurance in Louisiana is located at the links below

• Teen Driving and Texting (State Farm)
• How Much are New Orleans Car Insurance Quotes for a Toyota Corolla? (FAQ)
• What Car Insurance is Cheapest for Drivers with a DUI in New Orleans? (FAQ)
• Who Has Affordable Car Insurance for Teenagers in New Orleans? (FAQ)
• A Tree Fell on Your Car: Now What? (Allstate)
• Rental Car Insurance Tips (Insurance Information Institute)