Save Money on Chevy Equinox Insurance in Tampa

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Chevy Equinox insurance cost
Chevy Equinox insurance cost image courtesy of QuoteInspector.com

Discount Chevy Equinox insuranceThe preferred way to get affordable Chevy Equinox insurance in Tampa is to regularly compare price quotes from providers in Florida.

First, read and learn about the different coverages in a policy and the changes you can make to prevent high rates. Many factors that are responsible for high rates like speeding tickets, careless driving and a negative credit rating can be rectified by making minor changes to your lifestyle. Later in this article we will cover additional ideas to prevent high prices and earn a bigger discount.

Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can provide prices from multiple insurance companies.

Third, compare the price quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate quote and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, provide written notification to your current company to cancel your current auto insurance policy. Submit a down payment along with a signed application for your new policy. Once received, store the proof of insurance paperwork with your registration paperwork.

One bit of advice is that you use identical coverage information on every quote and and to analyze as many different insurance providers as possible. Doing this enables the most accurate price comparison and a thorough selection of prices.

Sad but true, the vast majority of consumers have been with the same company for over three years, and just under half have never shopped around. Many drivers in America can cut their rates by $860 a year just by comparing rates, but they don't believe the benefits if they replace their high priced policy.

How much is Chevy Equinox insurance in Tampa, FL?

Just remember that comparing all the rates in your area helps improve the odds of finding the best price. Not every company provides online rate quotes, so it's necessary to compare price quotes from them, too.

The companies in the list below offer quotes in Florida. If you want cheap car insurance in FL, it's highly recommended you click on several of them in order to find the most affordable rates.

Why you need insurance for your Chevy vehicle

Even though it's not necessarily cheap to insure a Chevy in Tampa, insuring your vehicle may not be optional for several reasons.

First, the majority of states have compulsory liability insurance requirements which means you are required to carry specific limits of liability in order to drive the car. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your Chevy Equinox, most lenders will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your Chevy at a significantly higher premium and force you to pay for the much more expensive policy.

Third, car insurance preserves your car and your assets. It will also reimburse you for medical bills incurred in an accident. As part of your policy, liability insurance will also pay to defend you if you are sued as the result of your driving. If your Chevy gets damaged, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of insuring your Equinox outweigh the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer overpays as much as $850 per year so compare rates at every policy renewal to help ensure money is not being wasted.

Chevy Equinox insurance statistics and information

The information displayed next outlines different coverage prices for Chevy Equinox models. Learning more about how insurance premiums are established can be valuable when making smart buying decisions.

Chevrolet Equinox Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $202 $364 $392 $24 $118 $1,100 $92
Equinox LT 2WD $202 $364 $392 $24 $118 $1,100 $92
Equinox LS AWD $202 $364 $392 $24 $118 $1,100 $92
Equinox LT AWD $202 $364 $392 $24 $118 $1,100 $92
Equinox LTZ 2WD $228 $428 $392 $24 $118 $1,190 $99
Equinox LTZ AWD $228 $428 $392 $24 $118 $1,190 $99
Equinox LTZ AWD $228 $428 $392 $24 $118 $1,190 $99
Get Your Own Custom Quote Go

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in specific Tampa garaging location which can impact premiums greatly.

Should you raise deductibles?

One common question asked by Tampa drivers is the level to set your comp and collision deductibles. The rates shown below highlight the cost difference of buying low and high coverage deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Chevrolet Equinox insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $322 $544 $418 $24 $124 $1,457 $121
Equinox LT 2WD $322 $544 $418 $24 $124 $1,457 $121
Equinox LS AWD $322 $544 $418 $24 $124 $1,457 $121
Equinox LT AWD $322 $544 $418 $24 $124 $1,457 $121
Equinox LTZ 2WD $364 $640 $418 $24 $124 $1,595 $133
Equinox LTZ AWD $364 $640 $418 $24 $124 $1,595 $133
Equinox LTZ AWD $364 $640 $418 $24 $124 $1,595 $133
Get Your Own Custom Quote Go
Chevrolet Equinox insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $200 $342 $418 $24 $124 $1,108 $92
Equinox LT 2WD $200 $342 $418 $24 $124 $1,108 $92
Equinox LS AWD $200 $342 $418 $24 $124 $1,108 $92
Equinox LT AWD $200 $342 $418 $24 $124 $1,108 $92
Equinox LTZ 2WD $224 $402 $418 $24 $124 $1,192 $99
Equinox LTZ AWD $224 $402 $418 $24 $124 $1,192 $99
Equinox LTZ AWD $224 $402 $418 $24 $124 $1,192 $99
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Prices do not factor in your specific Tampa location which can change premium rates noticeably.

Using the premium rates above, we can conclude that using a $250 deductible costs approximately $31 more each month or $372 every year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 24 months between claim filings, you would most likely save money by selecting a higher deductible.

The illustration below highlights how deductible selection and can impact Chevy Equinox insurance premiums for different age groups. The data is based on a single female driver, full physical damage coverage, and no discounts are factored in.

Cautious drivers save money

The information below demonstrates how traffic citations and at-fault fender-benders increase Chevy Equinox insurance premiums for each different age category. The rates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Lower rates by qualifying for discounts

Car insurance companies don't necessarily list every discount in a way that's easy to find, so we researched some of the best known and the harder-to-find insurance savings. If you do not double check each discount you qualify for, you could be getting lower rates.Cheaper insurance with discounts

  • Theft Prevention System - Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and can earn a small discount on your policy.
  • Include Life Insurance and Save - Some insurance companies give a discount if you purchase a life insurance policy as well.
  • Distant Student Discount - Youth drivers who live away from home to go to college and do not have a car may qualify for this discount.
  • Auto/Home Discount - If you combine your auto and homeowners policies with the same company you could save over 10 percent off each policy depending on the company.
  • Switch and Save Discount - A few insurance companies allow discounts for renewing your policy before your current Equinox insurance policy expires. It's a savings of about 10%.
  • Discount for Passive Restraints - Options like air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Safe Driver Discount - Drivers who avoid accidents can save as much as half off their rates compared to accident prone drivers.
  • Save with More Vehicles Insured - Drivers who insure more than one vehicle on a single policy qualifies for this discount.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire policy premium. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, it doesn't quite work that way.

The example below illustrates the difference between Chevy Equinox annual premium costs with and without policy discounts. The data is based on a female driver, no violations or claims, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, multi-car, safe-driver, and multi-policy discounts applied.

Companies and a summarized list of policyholder discounts can be found below.

  • Farm Bureau may have discounts that include safe driver, multi-vehicle, renewal discount, 55 and retired, driver training, and good student.
  • MetLife has discounts for defensive driver, good driver, good student, accident-free, multi-policy, and claim-free.
  • Progressive offers discounts for homeowner, online quote discount, continuous coverage, multi-policy, online signing, multi-vehicle, and good student.
  • AAA includes discounts for good student, education and occupation, anti-theft, pay-in-full, and good driver.
  • American Family discounts include mySafetyValet, defensive driver, good student, early bird, bundled insurance, and Steer into Savings.
  • GEICO may include discounts for driver training, defensive driver, multi-policy, daytime running lights, federal employee, and military active duty.
  • State Farm has savings for anti-theft, student away at school, passive restraint, driver's education, and good student.

If you are trying to find the cheapest Chevrolet Equinox rate quotes, ask each company to apply every possible discount. Savings may not apply in Tampa. If you would like to view companies with the best Chevy Equinox insurance discounts in Florida, click here to view.

Auto insurance quotes from local neighborhood Tampa car insurance agents

Many people would prefer to get professional advice from a licensed agent and often times that is recommended One of the benefits of price shopping on the web is that you can obtain the best rates and also buy local.

Find insurance agent in TampaUpon completion of this quick form, the coverage information gets sent to agents in your area who will give you bids for your coverage. You won't need to leave your house because prices are sent immediately to you. Get lower rates and an insurance agent to talk to. If you need to get a comparison quote from a specific auto insurance provider, don't hesitate to jump over to their website and submit a quote form there.

Choosing the best insurance company should depend on more than just a cheap price quote. A good agent in Tampa will have answers to these questions.

  • Is their price quote a firm figure or are their hidden costs?
  • If you have an accident, will your rates go up?
  • Are they paid to recommend certain coverages?
  • Does the agency provide any after hours assistance?
  • What company holds the largest book of business for them?
  • How many years of experience in personal auto insurance do they have?
  • Is coverage determined by price?
  • How are claims handled?

Once you have received good responses to these questions and inexpensive Chevrolet Equinox insurance in Tampa quotes, it's a good possibility that you have found an insurance company that is reputable and can service your policy.

Don't assume everyone needs the same car insurance coverage

When it comes to buying the right insurance coverage, there is no perfect coverage plan. Every insured's situation is different.Safe vehicles cost less to insure

Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.

  • Who is covered by my policy?
  • When would I need rental car insurance?
  • Can I get a multi-policy discount?
  • Do I need higher collision deductibles?
  • Am I covered while delivering pizza?
  • Can my teen drive my company car?

If you're not sure about those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form.

Cheaper auto insurance premiums are possible

As you restructure your insurance plan, do not buy poor coverage just to save money. Too many times, an accident victim reduced uninsured motorist or liability limits to discover at claim time that they should have had better coverage. Your goal is to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.

In this article, we presented some good ideas how to shop for Chevy Equinox insurance online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the best prices are with the least-expected company.

Consumers change insurance companies for any number of reasons including high prices, lack of trust in their agent, questionable increases in premium or policy cancellation. Whatever your reason, finding a new auto insurance company is pretty simple and you could end up saving a buck or two.

Even more information can be found in the articles below: