Best Chevy Equinox Insurance in Montgomery

Discount Chevy Equinox insuranceThink you have an expensive auto insurance policy? Believe me when I say there are lots of Montgomery residents who feel the same.

Inconceivable but true, a large majority of drivers have purchased from the same company for four years or more, and nearly 40% of drivers have never quoted rates to find affordable coverage. Many consumers in Alabama can save hundreds of dollars each year, but most tend to underestimate the amount of money they would save if they bought a different policy. You have multiple auto insurance companies to purchase coverage from, and though it is a good thing to have multiple companies, more options can take longer to compare rates and cut insurance costs.

The purpose of this post is to tell you the best ways to compare prices and some tips to save money. If you are already insured, you will most likely be able to buy cheaper auto insurance using the tips covered below. Drivers only have to learn the least time-consuming way to shop their coverage around from many companies at once.

Chevy Equinox Insurance Premium Factors

One of the most helpful ways to save on auto insurance is to to have a grasp of a few of the rating criteria that play a part in calculating the rates you pay for auto insurance. When you understand what determines base rates, this enables informed choices that may reward you with cheaper rates.

The list below includes a few of the things used by your company to calculate rates.

How to get free Chevy Equinox insurance quotes online

The providers in the list below can provide quotes in Montgomery, AL. If multiple companies are listed, we recommend you compare several of them to get the best price comparison.

Chevrolet Equinox Insurance Cost Estimates in Montgomery, AL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $226 $446 $324 $20 $96 $1,112 $93
Equinox LT 2WD $208 $408 $408 $24 $122 $1,170 $98
Equinox LS AWD $290 $524 $338 $20 $100 $1,272 $106
Equinox LT AWD $182 $348 $382 $22 $114 $1,048 $87
Equinox LTZ 2WD $252 $512 $318 $18 $94 $1,194 $100
Equinox LTZ AWD $230 $472 $438 $26 $132 $1,298 $108
Equinox LTZ AWD $206 $430 $382 $22 $114 $1,154 $96
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Estimates do not factor in specific location information which can alter price quotes substantially.

Impact of speeding/accidents on car insurance rates

The diagram below illustrates how violations and accidents can raise Chevrolet Equinox auto insurance costs for different insured age categories. The premium estimates are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

Liability only or full coverage

The chart below illustrates the comparison of Chevrolet Equinox car insurance rates with full coverage and liability only. The data is based on no violations or accidents, $100 deductibles, married female driver, and no policy discounts are applied.

When to switch to liability coverage only

There is no clear-cut rule of when to eliminate physical damage insurance, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let's pretend your Chevrolet Equinox settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying the physical damage deductible. If premium cost is more than $400 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you haven't satisfied your loan, you have to carry 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 not buy liability only.

Physical damage deductibles: Should you raise them?

When shopping for car insurance, a common question is how high should the physical damage deductibles be. The rates below may help to conceptualize the rate difference when you select higher and lower comp and collision deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Chevrolet Equinox insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $260 $440 $338 $20 $100 $1,183 $99
Equinox LT 2WD $260 $440 $338 $20 $100 $1,183 $99
Equinox LS AWD $260 $440 $338 $20 $100 $1,183 $99
Equinox LT AWD $260 $440 $338 $20 $100 $1,183 $99
Equinox LTZ 2WD $294 $518 $338 $20 $100 $1,295 $108
Equinox LTZ AWD $294 $518 $338 $20 $100 $1,295 $108
Equinox LTZ AWD $294 $518 $338 $20 $100 $1,295 $108
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Chevrolet Equinox insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $160 $276 $338 $20 $100 $894 $75
Equinox LT 2WD $160 $276 $338 $20 $100 $894 $75
Equinox LS AWD $160 $276 $338 $20 $100 $894 $75
Equinox LT AWD $160 $276 $338 $20 $100 $894 $75
Equinox LTZ 2WD $182 $326 $338 $20 $100 $966 $81
Equinox LTZ AWD $182 $326 $338 $20 $100 $966 $81
Equinox LTZ AWD $182 $326 $338 $20 $100 $966 $81
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alabama minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Prices do not factor in vehicle garaging location which can alter auto insurance rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible costs about $25 more each month or $300 each year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 30 months between claims, you would probably be better off if you choose a higher deductible.

Why you need Chevy Equinox insurance in Alabama

Despite the high insurance cost for a Chevy Equinox in Montgomery, insurance is required in Alabama but it also protects you in many ways.

First, just about all states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability in order to get the vehicle licensed. In Alabama 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 have a lien on your Equinox, most lenders will force you to carry insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Chevy at a significantly higher premium and force you to pay for the much more expensive policy.

Third, insurance safeguards both your car and your assets. It also can pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of insuring your Equinox definitely exceed the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer overpays more than $750 every year so you should quote your policy with other companies each time the policy renews to ensure rates are competitive.

These discounts can slash Chevy Equinox insurance rates

Insuring your fleet can be pricey, but you can get discounts that you may not know about. Some of these discounts will be visible at the time of quoting, but once in a while a discount must be specifically requested prior to receiving the credit.Auto insurance discounts

While discounts sound great, it's important to understand that most discount credits are not given to the entire cost. Some only reduce individual premiums such as comprehensive or collision. Just because you may think it's possible to get free car insurance, it just doesn't work that way.

To find auto insurance companies that offer many of these discounts in Montgomery, follow this link.

What if I want to buy from local Montgomery auto insurance agents?

Many drivers would rather visit with an insurance agent and we recommend doing that Professional agents can help you choose the best coverages and will help you if you have claims. A good thing about comparing rates online is that you can find cheaper premium rates and still have an agent to talk to. And buying from neighborhood agents is definitely important in Montgomery.

Insurance agents in MontgomeryTo help locate an agent, after submitting this quick form, your insurance coverage information is instantly submitted to local insurance agents in Montgomery who will gladly provide quotes for your coverage. It's much easier because you don't need to search for any insurance agencies since rate quotes are delivered straight to your inbox. In the event you want to get a price quote from a particular provider, you just need to search and find their rate quote page and complete a quote there.

The following is a short list of car insurance companies in Montgomery that can give you rate quotes for Chevy Equinox insurance in Montgomery.

5167 Atlanta Hwy - Montgomery, AL 36109 - (334) 272-6874 - View Map

8119 Vaughn Rd - Montgomery, AL 36116 - (334) 269-8100 - View Map

1256 Perry Hill Rd - Montgomery, AL 36109 - (334) 265-9291 - View Map

11123 Chantilly Pkwy Ct, Unit O - Pike Rd, AL 36064 - (334) 271-4723 - View Map

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Choosing a insurance company should include more criteria than just a cheap quote. The questions below may impact your decision as well.

How do I know if I need professional advice?

When choosing your policy, there isn't really a single plan that fits everyone. Your needs are not the same as everyone else's.Safe vehicles cost less to insure

Here are some questions about coverages that may help highlight whether or not you could use an agent's help.

If you're not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don't have a local agent, simply complete this short form. It's fast, free and can provide invaluable advice.

More quotes mean more car insurance savings

You just read a lot of ways to reduce Chevy Equinox insurance auto insurance rates online in Montgomery. The key concept to understand is the more quotes you get, the better your chances of lowering your premium rates. Drivers may even discover the biggest savings come from the least-expected company.

Consumers who switch companies do it for a number of reasons such as lack of trust in their agent, policy cancellation, being labeled a high risk driver and even not issuing a premium refund. Regardless of your reason, finding the right car insurance provider is less work than it seems.

When shopping online for car insurance, don't be tempted to reduce coverage to reduce premium. There are many occasions where an insured dropped liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost, but do not skimp to save money.

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