Would you like to stop overpaying and find cheaper Chevy Equinox insurance in Birmingham? Trying to come up with a payment for expensive auto insurance can take a big chunk out of your personal savings and force you to cut corners elsewhere. Comparing rates annually can be a smart way to lower your monthly bill.
It's hard to fathom, but the vast majority of consumers kept buying from the same company for at least the last four years, and almost 40% of drivers have never even compared quotes to find cheap rates. With the average premium in America being $1,847, drivers could pocket about $859 a year just by getting comparison quotes, but they won't spend time to compare rate quotes online.
Big-name insurance companies like State Farm, Progressive and GEICO constantly blast consumers with ad campaigns and it is challenging if not impossible to ignore the flashy ads and take the time to shop coverage around.
If you are insured now, you will surely be able to get lower rates using the techniques presented in this article. Choosing the most cost-effective auto insurance policy in Birmingham is not that difficult. Although Alabama consumers benefit from understanding how insurance companies calculate their prices and use it to find better rates.
Best companies for affordable Chevy Equinox insurance in Alabama
The companies in the list below provide comparison quotes in Alabama. If multiple companies are listed, it's highly recommended you click on several of them to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$284||$602||$408||$24||$122||$1,440||$120|
|Equinox LT 2WD||$224||$430||$354||$20||$106||$1,134||$95|
|Equinox LS AWD||$282||$514||$344||$20||$102||$1,262||$105|
|Equinox LT AWD||$242||$354||$442||$26||$132||$1,196||$100|
|Equinox LTZ 2WD||$226||$430||$318||$18||$94||$1,086||$91|
|Equinox LTZ AWD||$364||$760||$456||$26||$136||$1,742||$145|
|Equinox LTZ AWD||$322||$710||$408||$24||$122||$1,586||$132|
|Get Your Own Custom Quote Go|
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Price estimates do not factor in zip code location which can lower or raise price quotes significantly.
Difference between full coverage and liability only rates
The illustration below illustrates the difference between Chevrolet Equinox car insurance costs with liability coverage only compared to full coverage. Data assumes no claims or violations, $500 deductibles, single female driver, and no other discounts are factored in.
Should you buy full coverage or liability only?
There is no definitive formula of when to stop paying for full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let's say your Chevrolet Equinox replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 annually to have full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where removing full coverage is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.
Chevrolet Equinox annual premiums for males versus females
The chart below illustrates the difference between Chevrolet Equinox annual premium costs for male and female drivers. The premiums assume no claims or driving citations, full coverage, $500 deductibles, drivers are single, and no discounts are factored in.
Birmingham auto insurance discounts
The price of auto insurance can be rather high, but you may find discounts that can help lower your rates. Some discounts apply automatically at the time of purchase, but some need to be asked for prior to getting the savings. If you do not double check each discount you deserve, you're just leaving money on the table.
- Student Discounts - This discount can save 20 to 25%. Earning this discount can benefit you until age 25.
- Military Deployment Discount - Having a deployed family member could qualify you for better premium rates.
- Paperwork-free - A few insurance companies provide a small discount for completing your application on the internet.
- Driver's Education for Students - Teen drivers should complete a driver education course if offered at their school.
- Use Seat Belts - Buckling up and requiring all passengers to use a seat belt can save 10% or more on medical payment and PIP coverage.
- Early Payment Discounts - By paying your entire bill at once as opposed to paying monthly you can actually save on your bill.
- Telematics Discount - Drivers who elect to allow driving data collection to look at driving manner by installing a telematics device such as In-Drive from State Farm or Allstate's Drivewise system might see lower rates if they are good drivers.
- Claim-Free Discount - Insureds with no claims or accidents can earn big discounts as compared to drivers with a long claim history.
- Passenger Safety Discount - Vehicles with factory air bags or automatic seat belts may qualify for discounts as much as 30%.
Don't be shocked that most discounts do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think it's possible to get free car insurance, that's just not realistic.
A few companies that may have many of the previously listed discounts include:
If you want low cost Birmingham car insurance quotes, ask each company how you can save money. Some of the earlier mentioned discounts may not apply to policies in your area.
Your insurance coverage should be tailored to you
When quoting and choosing adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Every situation is different and a cookie cutter policy won't apply. These are some specific questions may help highlight whether your personal situation will benefit from professional help.
- Do I need rental car coverage?
- Do I have coverage if I rent a car in Mexico?
- Does having multiple vehicles earn me a discount?
- Does my Chevy Equinox qualify for pleasure use?
- How much coverage applies to personal belongings?
- Does my insurance cover a custom paint job?
- When should I not buy collision coverage?
- Exactly who is provided coverage by my policy?
- How does medical payments coverage work?
If you can't answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier
Buying from insurance agents
Certain consumers prefer to sit down with an agent and that is a smart decision A good thing about price shopping on the web is the fact that drivers can get cheap car insurance quotes and still buy from a local agent.
After filling out this quick form, your insurance data is immediately sent to local insurance agents in Birmingham who will gladly provide quotes for your car insurance coverage. There is no reason to find an agent on your own since price quotes are sent to you directly. You can get cheaper car insurance rates without the usual hassles of price shopping. If you have a need to get a comparison quote from a specific insurance company, don't hesitate to jump over to their website to submit a rate quote request.
Choosing an company needs to be determined by more than just a cheap quote. Here are some questions you should ask.
- Do they feel the quoted coverages are adequate?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Is the agency involved in supporting local community causes?
- Does the company have a solid financial rating?
- Is the agent and/or agency licensed to do business in Alabama?
Below is a short list of car insurance companies in Birmingham who can help you get rate quotes for Chevy Equinox insurance in Birmingham.
Stewart Financial Partners/ Alabama Insurance Agency
2700 Rogers Dr #106 - Homewood, AL 35209 - (205) 410-3988 - View Map
Joyce Ladd - State Farm Insurance Agent
2110 Bessemer Rd - Birmingham, AL 35208 - (205) 780-2955 - View Map
Can you really save $387 a year?
Car insurance companies such as State Farm, Allstate and GEICO consistently run television and radio advertisements. All the ads state the claim about how much you will save if you change your car insurance policy to them. How is it possible that every company can give you a better price on Chevy Equinox insurance in Birmingham?
Insurance companies are able to cherry pick for the right customer that makes them money. For example, a preferred risk may need to be between the ages of 30 and 45, has other policies, and drives a safe vehicle. Any driver who meets those qualifications will probably get cheap rates and will cut their Chevy Equinox insurance rates if they switch.
Drivers who don't qualify for these standards will probably have to pay a higher rate which results in the prospect going elsewhere. The trick companies use is to say "drivers who switch" not "everyone that quotes" can get the lowest rates when switching. That's the way insurance companies can state the savings. Because every company is different, you absolutely need to compare free Birmingham car insurance quotes often. It's impossible to know which insurance companies will have the best Chevy Equinox insurance in Birmingham.
Compare. Compare. Compare.
Lower-priced Chevy Equinox insurance in Birmingham can be bought from both online companies as well as from insurance agents, and you should be comparing both to get a complete price analysis. Some companies may not have rates over the internet and many times these smaller providers work with independent agents.
When searching for the cheapest Chevrolet Equinox rate quotes, it's a bad idea to sacrifice coverage to reduce premiums. Too many times, someone sacrificed collision coverage and learned later that they should have had better coverage. Your aim should be to get the best coverage possible at the best cost and still be able to protect your assets.
You just learned a lot of techniques to save on Chevy Equinox insurance in Birmingham. The most important thing to understand is the more providers you compare, the higher your chance of finding inexpensive Birmingham car insurance quotes. You may even discover the most savings is with a company that doesn't do a lot of advertising. These companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate or State Farm.
Much more information about insurance in Alabama is located below: