2008 Chevrolet Equinox Insurance Cost

Have you fallen victim to overpriced car insurance? It’s quite common and many consumers are in the same pinch. There are many auto insurance companies to choose from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to compare rates and find the lowest cost car insurance.

It’s a great practice to get comparison quotes as often as possible since rates trend upward over time. Despite the fact that you may have had the best premium rates for Equinox coverage last year you may be paying too much now. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the best methods to lower your rates without sacrificing coverage.

Locating more affordable coverage is simple if you know the tricks. If you have a current car insurance policy or are shopping for new coverage, you can use these techniques to find the best rates and still get good coverage. Vehicle owners just need to learn the tricks to shop their coverage around over the internet.

Components of your Chevy Equinox insurance costs

Many different elements are used in the calculation when premium rates are determined. Some are obvious such as traffic violations, but others are more transparent like your continuous coverage or your commute time.It’s important that you understand the different types of things that help determine your auto insurance rates. If you know what determines base rates, this allows you to make educated decisions that could help you find much lower annual insurance costs.

Shown below are most of the major factors auto insurance companies consider when setting your prices.

  • Premiums for guys may be higher – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that females are better at driving than males. Men and women have at-fault accidents in similar percentages, but the males have accidents that have higher claims. Men also have more aggressive citations like DUI and reckless driving.
  • Lower prices with theft deterrents – Driving a car with an alarm system can help bring down rates. Theft deterrent systems such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft and help lower rates.
  • Location can modify price – Choosing to live in small towns and rural areas may provide you with better prices when talking about auto insurance. Drivers who live in large cities have more aggressive driving styles and more time behind the wheel. Fewer drivers and short commutes translates into fewer accident claims.
  • Multiple policies with one company – Most larger insurance companies allow a discount to buyers that buy multiple policies in the form of a multi-policy discount. The discount can add up to as much as ten percent or more Even if you qualify for this discount already, it’s still a good idea to compare other company rates to make sure you are getting the best deal. You may still be able to save even more by buying insurance from more than one company.
  • Obey driving laws and save – Just one speeding ticket could increase your next policy renewal twenty percent or more. Attentive drivers get better prices as compared to those with violations. Drivers who have careless tickets like DUI, reckless driving or excessive speeding may find they need to file a proof of financial responsibility form (SR-22) with their state DMV in order to keep their license.

Save a ton with these discounts

Buying insurance is not cheap, but you can get discounts that could drop your premiums quite a bit. A few discounts will be applied when you get a quote, but a few must be inquired about in order for you to get them.

  • No Charge for an Accident – This one isn’t a discount, but some insurance companies will turn a blind eye to one accident before hitting you with a surcharge if your claims history is clear for a specific time period.
  • Paperwork-free – Some companies will provide an incentive for signing up digitally online.
  • Seat Belts Save more than Lives – Drivers who require all occupants to fasten their seat belts may be able to save a few bucks off the medical payments premium.
  • Discounts for Responsible Drivers – Drivers without accidents can pay as much as 50% less for Equinox coverage as compared to drivers with claims.
  • Discount for Multiple Policies – If you have multiple policies and place coverage with the same company you may earn up to 20% off your total premium.
  • Onboard Data Collection – Insureds that choose to allow driving data submission to analyze when and where they use their vehicle by using a telematic data system such as State Farm’s In-Drive might see lower rates if their driving habits are good.
  • Multi-Vehicle Discounts – Drivers who insure primary and secondary vehicles with one company qualifies for this discount.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to all coverage premiums. Most cut the cost of specific coverages such as medical payments or collision. Just because you may think you would end up receiving a 100% discount, it’s just not the way it works. Any amount of discount will positively reduce your policy premium.

Car insurance companies that may have many of the previously listed discounts include:

Before you buy a policy, ask all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts might not be available to policyholders in your area. To find companies with the best insurance discounts, click this link.

Car insurance can be complex

When buying proper insurance coverage for your vehicles, there is no single plan that fits everyone. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions may help highlight if you might need an agent’s assistance.

  • Does insurance cover damages from a DUI accident?
  • Do all my vehicles need collision coverage?
  • Is my ex-spouse still covered by my policy?
  • Do I need roadside assistance coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does my insurance cover a custom paint job?
  • How high should my medical payments coverage be?
  • Exactly who is provided coverage by my policy?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Auto insurance policy coverages for a 2008 Chevy Equinox

Understanding the coverages of a auto insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages available from auto insurance companies.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for bills for rehabilitation expenses, prosthetic devices, hospital visits and funeral costs. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Auto liability insurance

This coverage provides protection from injuries or damage you cause to people or other property. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like pain and suffering, loss of income, funeral expenses, emergency aid and legal defense fees. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Normally these limits do not exceed the liability coverage limits.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, hitting a bird, hitting a deer, hail damage and damage from getting keyed. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision insurance

Collision coverage pays for damage to your Equinox caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as driving through your garage door, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Feed the piggy bank

Some insurance providers do not provide online price quotes and these regional carriers provide coverage only through local independent agents. Lower-priced 2008 Chevy Equinox insurance can be found from both online companies in addition to many insurance agents, and you should be comparing both to get a complete price analysis.

As you shop your coverage around, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced physical damage coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your objective should be to get the best coverage possible at a price you can afford, but do not skimp to save money.

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