Are you looking for low-cost Chevy Equinox insurance in Atlanta? When searching for lower-priced insurance, do you get frustrated by the crazy number of auto insurance providers that you can choose from? You have so many choices that it can easily turn into a lot of work to lower your premium rates for Chevy Equinox insurance in Atlanta. Atlanta is an awesome place to live, but paying high auto insurance rates can make it impossible to be able to afford adequate auto insurance coverage limits.
A recent NerdWallet.com study revealed that nearly 70% of consumers renewed their policy with the same company for well over three years, and nearly half have never shopped around. Atlanta consumers can save nearly 60% each year by just shopping around, but they think it's difficult to shop around.
Lower Your Atlanta Insurance Prices
One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that play a part in calculating the level of your policy premiums. When you know what positively or negatively impacts premium levels, this empowers consumers to make smart changes that may reward you with big savings. Many things are part of the calculation when you quote your car insurance policy. Some are pretty understandable like an MVR report, but some are not quite as obvious like your vehicle usage or your commute time.
More traffic equals higher premiums - Being located in areas with lower population is a positive aspect when trying to find low car insurance rates. Lower population means fewer accidents and a lower car theft rate. People in densely populated areas have to deal with more road rage incidents and higher rates of accident claims. More time behind the wheel can result in more accidents.
Lower rates for safer vehicles - Vehicles with good safety scores get lower rates. Highly rated vehicles result in less severe injuries and fewer injuries means less claims paid which can mean better rates for you. If your Chevy Equinox is rated at least four stars on Safercar.gov it is probably cheaper to insure.
Lower rates by increasing coverage deductibles - Coverage for physical damage, aka comp and collision, insures against damage to your Chevy. Some examples of claims that would be covered would be a broken side mirror, hail damage, and damage from a fallen tree branch. The deductibles define how much you are required to pay in the event of a claim. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
Rates also based on gender - Over the last 30 years, statistics show females are less aggressive when driving. However, don't assume that females are better at driving than males. Females and males tend to get into auto accidents in similar percentages, but males cause more damage. Not only that, but men also get more serious tickets such as DWI and reckless driving.
Insurance loss probability for a Chevy Equinox - Companies use historical loss data in order to profitably underwrite each model. Vehicles that the statistics show to have high amounts or severity of claims will have higher rates for specific coverages.
The table shown below demonstrates the historical insurance loss data for Chevy Equinox vehicles. For each coverage category, the loss probablilty for all vehicles, as an average, is equal to 100. Numbers shown that are under 100 imply a favorable loss record, while percentage numbers above 100 indicate more frequent losses or a tendancy for claims to be larger.
Chevrolet Equinox Insurance Claim Statistics
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Equinox 4dr 2WD||82||86||74||101||104||93|
|Chevrolet Equinox 4dr 4WD||84||88||85||89||93||81|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Most larger insurance companies allow you to get coverage price quotes on their websites. Doing online quotes for Chevy Equinox insurance in Atlanta is fairly straightforward as you just type in your coverage preferences into the quote form. After you complete the form, the system sends out for reports for credit and driving violations and generates pricing information.
Quoting online for Chevy Equinox insurance in Atlanta makes it simple to compare prices and it is imperative to have as many quotes as possible in order to find cheap auto insurance pricing.
To fill out one form to compare multiple rates now, take a look at the companies shown below. If you have a policy now, it's recommended you enter deductibles and limits as close as possible to your current policy. This guarantees you're receiving rate comparison quotes based on the exact same insurance coverage.
The following companies provide free quotes in Georgia. If several companies are displayed, it's a good idea that you visit as many as you can in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$190||$342||$370||$22||$110||$1,034||$86|
|Equinox LT 2WD||$162||$332||$444||$26||$134||$1,098||$92|
|Equinox LS AWD||$262||$528||$444||$26||$134||$1,394||$116|
|Equinox LT AWD||$188||$322||$394||$24||$118||$1,046||$87|
|Equinox LTZ 2WD||$214||$404||$370||$22||$110||$1,120||$93|
|Equinox LTZ AWD||$268||$514||$378||$22||$114||$1,296||$108|
|Equinox LTZ AWD||$336||$694||$476||$28||$142||$1,676||$140|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate quotes do not factor in Atlanta location which can alter rates greatly.
The information below shows how different deductible levels and can raise or lower Chevrolet Equinox insurance prices for different insured age categories. The data assumes a single female driver, comprehensive and collision coverage, and no policy discounts are applied.
Big names are not always cheapest
Big name companies like State Farm, GEICO and Progressive endlessly run ads on TV and radio. All the companies say the same thing about savings just by moving your policy. Is it even possible that every company can charge you less for car insurance? Here is the trick they use.
Insurance companies have a certain "appetite" for the type of driver that earns them a profit. One example of a driver they prefer may be between the ages of 30 and 50, has a clear driving record, and drives a vehicle with a low ISO rating. A propective insured that meets those criteria will get very good Atlanta car insurance rates and therefore will pay quite a bit less when switching companies.
People who may not quite match the "perfect" profile will probably have to pay a higher rate and this can result in the customer not purchasing. If you pay close attention to the ads, they say "drivers who switch" not "all people who quote" can get the lowest rates when switching. That's why insurance companies can state the savings. Because every company is different, drivers should compare free Atlanta car insurance quotes often. It's just not possible to know which company will have the lowest rate quotes.
Three reasons car insurance is important
Even though Atlanta Equinox insurance rates can get expensive, insuring your vehicle may not be optional for several reasons.
First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability in order to be legal. In Georgia these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your car with a loan, almost all lenders will stipulate that you have full 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 more expensive rate and require you to pay much more than you were paying before.
Third, insurance safeguards both your assets and your Chevy Equinox. It will also cover all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your car insurance policy will pay to repair the damage.
The benefits of buying car insurance definitely exceed the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver overpays as much as $850 per year so it's recommended you shop around once a year at a minimum to make sure the price is not too high.
Discount Atlanta insurance rates
Properly insuring your vehicles can get expensive, but there's a good chance there are discounts that can dramatically reduce your bill. Some of these discounts will be visible at the time you complete a quote, but less common discounts must be asked for prior to receiving the credit.
- New Vehicle Savings - Putting insurance coverage on a new Equinox can get you a discount since new vehicles are generally safer.
- Multi-line Discount - Larger insurance companies have a lower price if you buy some life insurance too.
- Braking Control Discount - Cars and trucks with anti-lock braking systems are much safer to drive and the ABS can save up to 10%.
- Distant Student Discount - Kids who are attending college and do not have a car can be insured at a reduced rate.
- Air Bag Discount - Factory air bags or automatic seat belts can qualify for discounts of 20% or more.
While discounts sound great, it's important to understand that some of the credits will not apply to the overall cost of the policy. Some only reduce individual premiums such as liability, collision or medical payments. Even though the math looks like it's possible to get free car insurance, nobody gets a free ride.
Large insurance companies and some of the premium reductions they offer can be found below.
- GEICO may have discounts that include five-year accident-free, driver training, anti-theft, defensive driver, federal employee, military active duty, and daytime running lights.
- MetLife may offer discounts for good student, defensive driver, good driver, accident-free, claim-free, multi-policy
- State Farm has savings for anti-theft, student away at school, good student, Drive Safe & Save, and Steer Clear safe driver discount.
- Progressive includes discounts for good student, online quote discount, online signing, multi-policy, and multi-vehicle.
- Mercury Insurance discounts include age of vehicle, ease of repair, professional/association, good student, location of vehicle, and type of vehicle.
- 21st Century offers discounts for theft prevention, driver training, 55 and older, student driver, early bird, defensive driver, and homeowners.
- Allstate offers discounts including premier discount, farm vehicle, good payer, safe driver, and anti-theft.
When getting free Atlanta car insurance quotes, it's a good idea to every insurance company how you can save money. Some credits might not apply everywhere. If you would like to see a list of companies that offer multiple discounts in Atlanta, follow this link.
Compare rate quotes but buy from a local Atlanta insurance agency
A lot of people still prefer to talk to a local agent and doing so can bring peace of mind An additional benefit of getting free rate quotes online is you can get better rates and still buy from a local agent.
Once you complete this simple form, the coverage information gets sent to agents in your area who will give you quotes for your business. It's much easier because you don't need to find an agent because prices are sent to you. You can find the lowest rates and an insurance agent to talk to. In the event you want to compare prices from a specific insurance company, just navigate to their website and submit a quote form there.
Deciding on a provider should depend on more than just the price. Below are some questions you should ask.
- Will one accident increase rates?
- Do they have a Better Business Bureau rating in Atlanta?
- Which insurance company do they prefer to write with?
- Will the agent help in case of a claim?
- Do they review policy coverages at every renewal?
- Are aftermarket or OEM parts used to repair vehicles?
Cheap coverage is out there
We just showed you some good ideas how to lower your Chevy Equinox insurance car insurance rates in Atlanta. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding cheaper Atlanta car insurance quotes. You may even be surprised to find that the lowest car insurance rates come from the least-expected company.
People change insurance companies for a variety of reasons including unfair underwriting practices, delays in paying claims, high rates after DUI convictions and even being labeled a high risk driver. It doesn't matter why you want to switch finding a new company is not as hard as you think.
As you go through the steps to switch your coverage, don't be tempted to skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice liability coverage limits only to regret at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy the best coverage you can find at the best possible price and still be able to protect your assets.
More learning opportunities
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)