We found an average annual insurance premium of $716 for the Chevy Equinox among insurers we checked (for a 2018 model). Comparatively, the Equinox is an affordable car to insure. But you should consider shopping rates to find the best deal for you.
GEICO is generally your best bet. But it pays to shop around.
We sampled information from a number of sources and developed a range of what insurance should cost for your Chevrolet Equinox. That said, it’s important to note that insurance data can take a while to make its way to the public, so the rates we’re listing here are for a 2018 Equinox. Rates should be quite similar to what you’ll see to insure a 2020 model, but be aware that there may be some differences. Also, remember that insurance rates vary wildly from place to place and from driver to driver, so what you see here should only be used as a guide, not as a way to find your exact insurance rates.
Also note that our research focused on the cheapest insurance, which is different from factoring in customer service and other considerations.
DISCLAIMER: There are many factors that determine insurance rates for your Chevrolet Equinox.
Cheapest Large Insurance Carrier: GEICO - The insurance giant’s rates for the Chevrolet Equinox undercut the closest national competition by well over $100.
Best Overall: Geico - This is going to be Geico’s game, if you couldn’t tell already. The national insurer has the best rates available for the Chevy Equinox and its add-ons make it worth a look.
Best Insurance in All 50 States: Geico -undercuts its nearest competition, Progressive, by more than $100.
We worked to get quotes from all major insurers, but some do not provide public rates without going through the quote process. The rates you see below represent the most recent and most available public rates for the Chevrolet Equinox.
|Rates we found|
(*)Regional or specialty carrier that may not offer service in all areas or to all applicants.
GEICO - GEICO is the second largest insurer in the United States, and for good reason. The auto insurance giant offers some of the best rates and customer service in the business. GEICO policies can be upgraded in a number of ways, including emergency roadside service, rental car reimbursement, mechanical breakdown insurance, accident forgiveness, and a program that can cover your Equinox if you use it for a ridesharing service like Lyft or Uber.
Progressive - Progressive’s coverage can be supplemented by innovative programs that go beyond accident forgiveness, though that’s nice, too. Progressive offers the ability to cover a pet if they’re injured in an accident and has coverage for customizations and mods that you’ve done to your vehicle.
USAA - If you're a current member of the military, a veteran, or a family member, USAA offers solid coverage at a great price. The company offers discounts for nearly everything under the sun, from safe driver discounts to multi-vehicle discounts, to good student discounts.
State Farm - State Farm is the most popular insurance provider in the United States, with up to 10 percent of the auto insurance market under its purview. The company’s policies can be upgraded with emergency roadside service, discounts for rideshare drivers, a safe driver discount, rental car and travel expense coverage, and more.
Fortunately, there are a million discounts that you can apply to drop your insurance cost significantly. When we got quotes, we didn’t select any of these, but they were all questions on the quote engine that would impact the overall insurance rate:
Pay in full - Not every insurer offers this, but if you can afford to pay in advance for either a six-month or annual premium, some companies will offer a small discount.
Safety Features - If your new Equinox comes with advanced safety features such as blind spot monitors, radar cruise control, or collision avoidance, you might be eligible for discounts through your insurer’s safety programs. It always pays to bring it up to your agent to find out.
Clean Driving Record - This one’s easy, right? Not so fast. You can only control yourself, so wrecks and other hazards may be out of your control. Insurers tend to increase wrecks for at-fault accidents, so be sure to stay on your toes and drive carefully.
Maintain Good Credit - Yes, insurers may take a look at your credit score to determine how much you should be paying for car insurance. Try your hardest to make payments on time and stay on top of your financial life to get the best insurance rates.
The short answer is that you probably live in what your insurance company considers to be a high-risk area, like a large city. Otherwise, insurers consider a long list of factors to determine your rates, from your driving record to your credit history, so it’s important that you understand what you’re being charged for and how you might be able to fix it.
You’re not going to get full coverage insurance for a much better price than what GEICO’s offering. The other way to get super cheap insurance is to opt for minimum coverage, which will vary depending on your state. This can save you a ton of money, but may lead to some real financial pain if you get in a wreck. If you opt for the bare minimum, make sure you’re able to deal with repairing or replacing your Equinox out of pocket.
Yes and no, rates may be cheaper for an older Equinox because they’re typically cheaper to buy. On the flip side, older models may be missing many of the advanced features that insurers look for when doling out discounts and rate reductions.