Buying affordable auto insurance for a Chevrolet Equinox in Florida can be really easy, but it hinges on a large number of rating criteria such as your marital status, whether you are claim-free, and any prior driving citations you have received. Drivers pay approximately $1,437 per year for Equinox insurance, but that price is an estimate based upon a 30-year-old married male driver with full coverage and $100 deductibles.
When making auto insurance estimates, the issue arises that you aren’t exactly 30 years old or even a male, maybe you are single instead of married, or maybe you just want liability only instead of full coverage. Have just a small change in the criteria used to calculate rates can result in a large change in the price of coverage.
Having different needs demonstrates why the best way to find cheap insurance rates for your Chevrolet is to put in the effort to do a thorough rate comparison. Compare rate quotes now and you can get rates from top-rated car insurance companies that sell coverage in Florida.
Vehicle trim level will most likely have an effect on the coverage cost, so the cost to insure a Equinox LS 2WD trim level will be $164 cheaper than the price to insure the more costly Equinox LTZ AWD trim level, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $358 | $648 | $418 | $24 | $124 | $1,572 | $131 |
| Equinox LT 2WD | $358 | $648 | $418 | $24 | $124 | $1,572 | $131 |
| Equinox LS AWD | $358 | $648 | $418 | $24 | $124 | $1,572 | $131 |
| Equinox LT AWD | $358 | $648 | $418 | $24 | $124 | $1,572 | $131 |
| Equinox LTZ 2WD | $406 | $764 | $418 | $24 | $124 | $1,736 | $145 |
| Equinox LTZ AWD | $406 | $764 | $418 | $24 | $124 | $1,736 | $145 |
| Equinox LTZ AWD | $406 | $764 | $418 | $24 | $124 | $1,736 | $145 |
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in garaging location in Orlando which can decrease or increase prices noticeably.
Establishing which insurers offer the best insurance rates for a Chevrolet Equinox involves a tad more effort in order to find the best price. Each auto insurance company has a unique approach for establishing rates, so let’s take a look at the most affordable insurance companies in Florida.
It’s a good idea to know that Florida insurance rates are determined by lots of factors which can substantially decrease or increase the price of coverage. Simply having another birthday, becoming a homeowner, or getting a speeding ticket can trigger price changes that can now make some companies cheaper than competitors.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,712 |
| 4 | Progressive | $1,793 |
| 5 | Travelers | $1,888 |
| 6 | Mercury | $1,973 |
| 7 | Allied | $1,985 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,068 |
| 10 | Auto-Owners | $2,085 |
| 11 | GEICO | $2,172 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,958 |
| 16 | Safeco | $2,987 |
| 17 | Hanover | $3,054 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $3,902 |
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USAA generally has some of the most affordable car insurance rates in Orlando at around $948 a year. This is $1,500 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the cut as some of the most economical Orlando, FL auto insurance companies.
As depicted above, if you have coverage with Electric and switched to USAA, you might realize yearly savings of around $764. Customers with Amica could save as much as $764 a year, and Progressive customers might reduce rates by $845 a year.
To get a fast rate comparison, click here to start your custom quote or click through to the companies below.
Be aware that those premiums are averaged for all drivers and vehicles in Florida and do not factor in a specific zip code for a Chevrolet Equinox. So the car insurance company that can offer the best rates for your situation may not even be in the top 21 companies in the list above. That point stresses why you need to get quotes using your own driver data and vehicle information.
Driving violations and accidents
The obvious way to snag cheap insurance premiums for an Equinox is to be a cautious driver and avoid accidents and traffic citations. The example below highlights how speeding tickets and accidents impact auto insurance costs for each different age group. The data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of auto insurance in Florida per year with a clean driving record and no accidents is $2,180. Get written up for two speeding tickets and the average cost increases to $3,111, an increase of $931 each year. Then throw in one accident along with the two speeding tickets and the annual cost of insurance for a Chevrolet Equinox goes up to an average of $4,048. That’s an increase of $1,868, or $156 per month, just for not being more responsible behind the wheel!
Full coverage rates compared to liability only
Saving money when shopping for insurance is important to most vehicle owners, and one common way to reduce the cost of insurance for a Chevrolet Equinox is to only buy liability coverage. The chart below compares auto insurance rates with and without physical damage coverage. The data assumes no accidents or driving violations, $1,000 deductibles, marital status is single, and no other discounts are factored in.
If all age groups are averaged, physical damage coverage on your policy costs an extra $2,211 per year more than insuring for liability only. Many drivers may wonder when is it a good idea to stop buying full coverage. There is no set guideline of when to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s replacement cost is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $10,000 after the deductible is paid. If you are currently paying more than $1,000 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some cases where only buying liability is not recommended. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Get discount Orlando auto insurance
Insurers that sell policies for a Chevrolet Equinox may additionally offer price discounts that could lower prices by 25% or more if you are eligible. Large insurance companies and some of their more popular discounts can be read below.
- State Farm policyholders can earn discounts including multiple autos, driver’s education, safe vehicle, Drive Safe & Save, student away at school, and multiple policy.
- GEICO offers discounts including military active duty, anti-theft, good student, air bags, multi-policy, driver training, and anti-lock brakes.
- Allstate has savings for good payer, resident student, anti-theft, good student, and economy car.
- SAFECO includes discounts for teen safe driver, homeowner, multi-car, accident prevention training, drive less, anti-theft, and bundle discounts.
- Farm Bureau may have discounts that include driver training, safe driver, renewal discount, youthful driver, multi-vehicle, and multi-policy.
- Progressive offers discounts for online quote discount, online signing, good student, continuous coverage, multi-policy, and homeowner.
- AAA may include discounts for education and occupation, AAA membership discount, multi-car, pay-in-full, and multi-policy.
The example below compares auto insurance costs with and without discounts applied to the policy rates. Data assumes a female driver, no claims or driving citations, Florida state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, accident-free, safe-driver, marriage, claim-free, and multiple vehicle discounts applied. When discounts are factored in, theaverage yearly reduction on insurance for a Chevrolet Equinox is 28% or $552.
The insurance agents in Orlando listed below are willing to help you make a decision which car insurance company is the best fit, since many consumers aren’t sure which coverage to buy and prefer to get some professional input when shopping for the best coverage for a Chevrolet Equinox. It can be challenging to find the best coverage on your own, so a licensed agent can give peace of mind knowing your coverage gives you adequate protection.
To find an Orlando insurance agency close to you, click the button following the list or click here to compare rates now.
- Curtis Hunter – State Farm Insurance Agent
3354 Curry Ford Rd – Orlando, FL 32806 – (407) 898-0061 - Gingerbread Insurance Agency
8000 S Orange Ave #201 – Orlando, FL 32809 – (407) 309-9949 - Allstate Insurance: Luis Diaz
1634 Hillcrest St – Orlando, FL 32803 – (407) 823-8232