Cheap Chevy Equinox Insurance in Raleigh

The most effective way to find affordable auto insurance rates in Raleigh is to begin comparing prices regularly from different companies who provide auto insurance in North Carolina.

• Step 1: Try to comprehend car insurance and the changes you can make to prevent high rates. Many rating criteria that result in higher prices like accidents, traffic tickets, and a not-so-good credit rating can be remedied by making lifestyle changes or driving safer.
• Step 2: Compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO and State Farm, while independent agents can quote prices for many different companies.
• Step 3: Compare the new rate quotes to your current policy premium to see if cheaper Equinox coverage is available in Raleigh. If you can save some money and change companies, ensure coverage does not lapse between policies.
• Step 4: Tell your current agent or company of your decision to cancel your current coverage. Submit a down payment along with a completed application to the new company. Once the paperwork is finalized, put the new certificate verifying proof of insurance with your vehicle’s registration.

The key thing to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on every quote request and and to compare as many auto insurance providers as possible. This helps ensure a level playing field and a better comparison of the market.

It’s an obvious statement that auto insurance companies don’t want you to look for cheaper rates. People who shop around are highly likely to switch car insurance companies because there is a high probability of finding lower rate quotes. A survey found that people who compared rate quotes regularly saved over $860 a year compared to those who never shopped around for better prices.

If finding the cheapest rates on car insurance is the reason you’re here, then having some insight into how to shop for insurance premiums can make the process more efficient.

Cheap auto insurance in Raleigh, NC

The providers in the list below provide free rate quotes in Raleigh, NC. To find cheaper car insurance in Raleigh, NC, we recommend you visit as many as you can to get a more complete price comparison.

Data for Chevy Equinox insurance

The rate table shown next highlights different insurance policy prices for Chevy Equinox models. Knowing how insurance policy rates are figured can help guide drivers when making smart choices when comparing insurance rates.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in specific zip code location which can modify rates considerably.

Comparison of policy deductibles

When buying car insurance, a common question is how high should the physical damage coverage deductibles be. The rates shown below may help to conceptualize the difference in cost between low and high comp and collision deductibles. The first table uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rates do not factor in garaging location in Raleigh which can change price quotes substantially.

Based on the data above, we can derive that using a $250 deductible costs roughly $10 more each month or $120 every year than selecting the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you average at least 25 months between claims, you would save more money going with the higher deductible.

The example below shows how different deductible levels and can increase or decrease Chevy Equinox insurance prices for different age groups. The data is based on a married male driver, full physical damage coverage, and no policy discounts are applied.

Impact of careless driving on car insurance rates

The chart below highlights how traffic violations and at-fault collisions can drive up Chevy Equinox yearly insurance costs for each age group. The data assumes a married male driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

Chevrolet Equinox liability-only versus full coverage

The example below compares Chevy Equinox auto insurance rates with liability coverage only compared to full coverage. Data assumes a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.

Are you wasting money on full coverage?

There is no exact rule of when to phase out physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Chevy Equinox replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after the policy deductible has been paid. If you are paying over $400 a year for your policy with full coverage, then you may need to consider dropping full coverage.

There are some situations where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.

These discounts can lower your car insurance quotes

Companies offering auto insurance don’t always list every discount in an easy-to-find place, so the list below contains a few of the more common as well as some of the hidden discounts that you may qualify for.

• Drive Safe and Save – Insureds without accidents can save as much as half off their rates compared to accident prone drivers.
• Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
• ABS Brakes – Vehicles with ABS and/or traction control have fewer accidents and therefore earn up to a 10% discount.
• Student Discount for Driver Training – Have your child enroll in driver’s education as it will make them better drivers and lower rates.
• Distant Student Discount – Children who live away from home at college and do not have a car may be insured at a cheaper rate.
• Senior Citizen Rates – If you’re over the age of 55, you can get reduced rates.
• Anti-theft System – Cars equipped with tracking devices and advanced anti-theft systems are stolen less frequently and will qualify for a discount on a Raleigh car insurance quote.
• No Claims – Insureds with no claims or accidents pay much less in comparison with drivers who are more careless.
• Driving Data Discount – Drivers that enable their insurance company to monitor vehicle usage by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they exhibit good driving behavior.
• Sign Early and Save – Some larger companies provide a discount for signing up before your current Equinox insurance policy expires. The savings is around 10%.

We need to note that some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though you would think it’s possible to get free car insurance, it’s just not the way it works.

The example below visualizes the comparison of Chevy Equinox car insurance costs with and without discounts. The premiums are based on a male driver, no accidents or driving violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, claim-free, marriage, and safe-driver discounts applied.

Companies that have many of the previously listed discounts possibly include:

• State Farm
• GEICO
• Liberty Mutual
• The Hartford
• MetLife
• Progressive

Check with each company or agent how you can save money. Some discounts listed above might not be offered in every state. To locate companies with the best Chevy Equinox insurance discounts in Raleigh, click here to view.

Get Cheaper Insurance Costs by Understanding These Factors

Many things are used in the calculation when quoting car insurance. Most are fairly basic such as traffic violations, although some other factors are not quite as obvious like your vehicle usage or how financially stable you are.

Listed below are some of the most rate-impacting factors that factor into premiums.

Avoid unnecessary incidental coverages – There are quite a few optional add-on coverages you can purchase but may not be useful. Insurance for things like vanishing deductibles, towing, and Farm Bureau memberships may not be needed and are just wasting money. They may seem like a good idea when discussing your needs, but if you’ve never needed them in the past get rid of them and save.

Insurance rates for married couples – Your spouse may save some money on your insurance bill. Having a significant other means you’re less irresponsible and it’s statistically proven that drivers who are married are more cautious.

No policy lapses saves money – Letting your insurance expire is a quick way to bump up your insurance costs. And not only will your rates increase, failure to provide proof of insurance can result in a steep fine or even jail time.

Older drivers pay less – Older people are proven to be safer behind the wheel, statistically cause fewer accidents, and are generally more financially stable. Teen drivers have a tendency to be inattentive and easily distracted when driving therefore insurance rates are much higher.

The following data assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.

Insure car and home with the same company – Most companies give lower prices to clients that buy multiple policies such as combining an auto and homeowners policy. If you currently are using one company, it’s in your best interest to shop around to guarantee you are still saving the most.

Alarm systems lowers prices – Choosing to buy a car with anti-theft technology or alarm system can earn a premium discount. Theft prevention devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping car theft.

Does insurance coverage cost more for males? – Over the last 30 years, statistics show that females take fewer risks when driving. It does not mean females are better at driving than males. They both tend to get into fender benders in similar numbers, but men cause more damage and cost insurance companies more money. Men also get cited for more serious violations such as DWI and reckless driving.

The diagram below shows the comparison of Chevy Equinox annual premium costs for male and female drivers. The data assumes no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are factored in.

Insurance losses for a Chevy Equinox – Companies study historical loss data when they set coverage costs for each model. Vehicles that tend to have higher prevalence or dollar amount of losses will have higher premium rates.

The table below outlines the insurance loss data used by companies for Chevy Equinox vehicles. For each coverage category, the statistical loss for all vehicles, regardless of manufacturer or model, equals 100. Values that are under 100 indicate better than average losses, while values over 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.

When do I need to have guidance from an insurance agent?

Some people prefer to get professional advice from a licensed agent and that is a smart decision Agents are trained to spot inefficiencies and help file insurance claims. One of the benefits of comparing rates online is the fact that you can find lower prices and still have an agent to talk to.

After filling out this form (opens in new window), your insurance data is immediately sent to local insurance agents in Raleigh that can provide free Raleigh car insurance quotes for your insurance coverage. There is no need to leave your house since rate quotes are delivered immediately to your email address. If you wish to get a comparison quote from a specific insurance provider, you just need to visit that company’s website to submit a rate quote request.

Finding the right insurer shouldn’t rely on just a cheap price. Any agent in Raleigh should be willing to answer these questions.

• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• Can you use your own choice of collision repair facility?
• How long has their agency been open in Raleigh?
• Can they help ensure a fair claim settlement?
• Is vehicle damage repaired with OEM or aftermarket parts?

Raleigh auto insurance agents come in two flavors

If you want to buy insurance from a reputable agency, you must know there are a couple types of agencies that differ in how they can insure your vehicles. Agencies in Raleigh can be categorized as either independent agents or exclusive agents. Both types of agents can sell affordable insurance policies, but it is important to understand how they differ since it can impact your selection of an agent.

Exclusive Agencies

Agents of this type write business for a single company and some examples include Allstate and State Farm. Exclusive agents are unable to provide prices from multiple companies so they have to upsell other benefits. Exclusive agencies receive extensive training on sales techniques which aids in selling service over price.

Listed below is a short list of exclusive agencies in Raleigh willing to provide price quotes.

More Raleigh agents

Independent Agents (or Brokers)

Independent agencies do not sell for just one brand so they can insure your vehicles with many different companies and find the cheapest rate. If you are not satisfied with one company, your policy is moved internally and you don’t have to do anything. If you need lower rates, you will definitely want to compare quotes from multiple independent agents so that you can do a thorough price comparison.

Listed below is a short list of independent agents in Raleigh willing to provide price quotes.

More Raleigh agents

Best auto insurance company in North Carolina

Finding the right insurance company can be a challenge considering how many choices drivers have in Raleigh. The rank data below could help you analyze which companies you want to consider purchasing coverage from.

Top 10 Raleigh Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Raleigh Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Cheaper insurance rates are out there

We just presented some good ideas how to save on Chevy Equinox insurance in Raleigh. It’s most important to understand that the more quotes you get, the better your chances of lowering your car insurance rates. Consumers may even find the lowest priced insurance comes from the least-expected company. These companies can often provide lower car insurance rates in certain areas compared to the large companies like State Farm, GEICO and Nationwide.

While you’re price shopping online, it’s very important that you do not buy poor coverage just to save money. There are many occasions where an insured cut physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage at a price you can afford and still be able to protect your assets.

Other articles

• Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
• What Insurance is Cheapest for Drivers Over Age 60 in Raleigh? (FAQ)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Where can I buy Insurance? (Insurance Information Institute)
• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)