Who Has Affordable Auto Insurance for a Chevrolet Equinox in Tampa?

Finding affordable insurance for a Chevrolet Equinox hinges on a complicated formula that considers factors such as how old the Equinox is, the likelihood of vehicle theft, and the level of deductible you choose. Drivers in Florida will pay around $1,150 per year to insure their Equinox, but that amount is a valuation based on a 40-year-old single male driver with both comprehensive and collision coverage and $1,000 deductibles.

But there is a high likelihood that you aren’t exactly 40 years old or even a male, married instead of single, or maybe you don’t qualify for the same discounts. Having just a slight change in policy rating criteria or coverages could result in a significant change in how much coverage for a Chevrolet Equinox costs.

Different coverage needs are the reason why the best method for finding the cheapest coverage for your Chevrolet is to compare as many rates as you can.

Compare Chevrolet Equinox Insurance Rates

The trim level of your vehicle can impact price, so the price to insure a Equinox LS 2WD model will be $94 cheaper than the insurance cost for the more well-appointed Equinox LTZ AWD version, as shown below.

Chevrolet Equinox Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $196 $392 $504 $30 $152 $1,274 $106
Equinox LT 2WD $196 $392 $504 $30 $152 $1,274 $106
Equinox LS AWD $196 $392 $504 $30 $152 $1,274 $106
Equinox LT AWD $196 $392 $504 $30 $152 $1,274 $106
Equinox LTZ 2WD $220 $462 $504 $30 $152 $1,368 $114
Equinox LTZ AWD $220 $462 $504 $30 $152 $1,368 $114
Equinox LTZ AWD $220 $462 $504 $30 $152 $1,368 $114
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in specific zip code location which can alter premiums considerably.

Choosing the top car insurance company can be rather challenging considering how many companies sell coverage in Florida. The company rank data in the lists below can help you select which auto insurers to look at when trying to find the cheapest insurance for a Chevrolet Equinox.

The rankings below are only comprised of the companies with a significant amount of written premium nationwide, so companies with more of a regional focus are not factored into this list. If you’d like to compare prices from these top insurers and more, just click here.

Top 10 Large Auto Insurance Companies in Tampa Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

The chart below illustrates how your choice of deductibles can increase or decrease premium costs when searching for cheap insurance for a Chevrolet Equinox. The costs are based on a married female driver, full coverage, and no discounts are factored in.

In the chart above, a 50-year-old driver could lower their car insurance rates by $340 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $514 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could reduce their rates as much as $848 or even more just by using higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have spare funds to allow you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Last year’s bargain might be this year’s rip off

Tampa, FL insurance rates are impacted by many factors which can substantially decrease or increase the policy price. Improving your credit score, filing a claim, or getting a ticket for running a stop sign can cause premium changes that may make certain companies cheaper than competitors.

Not only may your risk profile change, but companies modify rates without warning to reflect underwriting profits or losses. Higher than normal claims can result in increased policy costs, while a better loss history may produce lower-priced Equinox insurance rates.

The bar chart below shows a variety of companies that have the cheapest car insurance in Tampa, FL for a 35-year-old female driver with no prior claims, no tickets, and a good credit history. If we compare prices based on her current situation, USAA may have the best car insurance rates in Tampa at $1,428 a year. This is $1,020 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are also included in the cheapest Tampa, FL auto insurance companies.

Now let’s give the driver in the first example a claim or two, slightly worse credit, and a couple of points charged on her driving record. Due to the fact that each insurance company uses a different method for determining rates, comparing rates could result in a completely different list of companies as shown below.

USAA now has the cheapest insurance rate in Tampa with Allied, Esurance, Auto-Owners, and State Farm completing the list. This example shows why it is critical to compare lots of rates to find the lowest auto insurance quotes for a Chevrolet Equinox.

Rates are impacted by many different factors and change dramatically, so the most economical option two years ago may now be one of the more expensive options.