Finding the best cheap auto insurance for a Chevrolet Equinox depends on a large number of rating criteria such as the safety rating for your Equinox, whether or not you have filed claims in the past, and the deductible amount you use. Drivers in New Jersey pay approximately $1,444 per year to insure their Equinox, but that is based on a 40-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.
But there is a high probability that you may not be 40 years old (or even male), maybe you are single instead of married, or maybe you prefer liability limits higher than required by New Jersey state law. Just a minor difference in the factors used in pricing a policy could end up with a large change in the policy rate.
Everyone has unique insurance needs, and this illustrates why the way we recommend to find cheap insurance prices for your Chevrolet is to do a thorough rate comparison.
The trim level of your vehicle will influence the cost of coverage, so the price you will pay to insure a Equinox LS 2WD trim level will be $146 less than the insurance cost for the more costly Equinox LTZ AWD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$338||$576||$496||$30||$148||$1,588||$132|
|Equinox LT 2WD||$338||$576||$496||$30||$148||$1,588||$132|
|Equinox LS AWD||$338||$576||$496||$30||$148||$1,588||$132|
|Equinox LT AWD||$338||$576||$496||$30||$148||$1,588||$132|
|Equinox LTZ 2WD||$382||$678||$496||$30||$148||$1,734||$145|
|Equinox LTZ AWD||$382||$678||$496||$30||$148||$1,734||$145|
|Equinox LTZ AWD||$382||$678||$496||$30||$148||$1,734||$145|
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Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in your specific Jersey City location which can impact auto insurance rates noticeably.
Comparing quotes for cheap insurance is hard enough, and deciding which companies have the most affordable insurance rates for a Chevrolet Equinox involves even more diligence.
Each auto insurance company has a unique formula for determining rates, so we need to take a look at the insurance companies with the overall cheapest rates in New Jersey. It’s important to understand that Jersey City insurance rates are influenced by many factors which can substantially decrease or increase the cost of having a policy. This is why it is critical to spend some time comparing rates to get the lowest auto insurance rates for a Chevrolet Equinox. Prices are determined by many risk factors and change frequently, so the most affordable company when you last compared rates may now be priced much higher than other options.
Find the Cheapest Auto Insurance for Your Equinox
|Rank||Company||Cost Per Year|
|3||New Jersey Manufacturers||$1,271|
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21st Century offers some of the best car insurance rates in Jersey City at around $1,078 a year. This is $774 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the more affordable Jersey City, NJ insurance companies.
As shown above, if you buy coverage from New Jersey Manufacturers and switched to 21st Century, you could see a yearly price reduction of roughly $193. Customers with Penn National may save as much as $301 a year, and Palisades customers might reduce prices by as much as $304 a year.
If you want to find out if you’re overpaying, click here to start your free quote or click through to the companies below.
Bear in mind that those premiums are averaged for all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for a Chevrolet Equinox. So the auto insurance company that fits your situation best may not even be in the list above. That helps illustrate why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
The information below shows how choosing a deductible can affect insurance costs when researching cheap insurance for a Chevrolet Equinox. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
The chart above illustrates that a 40-year-old driver could lower their car insurance rates by $474 a year by increasing from a $100 deductible up to a $500 deductible, or save $714 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, could drop their prices up to $1,560 or more just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be important to have spare funds to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
How accidents and violations affect rates
In a perfect world, the best way to earn the best insurance prices for an Equinox is to be an attentive driver and avoid traffic citations and accidents. The example below illustrates how speeding tickets and accident claims can affect insurance costs for different ages of insureds. The data assumes a married male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Jersey City per year with no accidents and a clean driving record is $2,276. Factor in one speeding ticket and the average cost swells to $2,618, an increase of $342 each year. Now include two accidents along with the one speeding ticket and the yearly cost of insurance for a Chevrolet Equinox increases to an average of $5,688. That’s an increase of $3,413, or $284 per month, just for being a little careless behind the wheel!
Can you find cheaper Equinox insurance?
Jersey City, NJ insurance rates are calculated based on many things which can substantially change the price you have to pay for coverage. Improving your credit score, marrying your spouse, or getting a driving violation may prompt premium changes that may make certain companies cheaper than others. Also, companies modify pricing as often as every quarter in order to offset underwriting gains or losses. An unexpected high level of claims can result in higher rates, while profitable underwriting can cause cheaper Equinox insurance rates.
As an example, the graph below compares the cheapest car insurance in Jersey City, NJ for a 35-year-old female driver with a clear driving record, no claims, and good financial standing. If we look at prices based on her current risk factors, 21st Century has the most affordable car insurance rates in Jersey City at $1,510 a year. This is $342 less than the average price paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the remainder of the cheapest Jersey City, NJ auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a couple of claims, poor credit, and a couple of points charged on her driving record. Due to the fact that each insurance company uses their own calculation to set premium rates, analyzing rates may now result in a different set of affordable Jersey City car insurance companies as shown below.
Allstate now has the cheapest auto insurance in Jersey City, NJ with California Casualty, USAA, Travelers, and Mercury also having competitive pricing. This example proves why it is so important to take the time to shop around to get the most affordable auto insurance quotes for a Chevrolet Equinox. Rates consist of many risk factors and can change substantially, so the most affordable company when you bought your policy may now not even be in the top five.
How to find budget-friendly insurance for a Chevrolet Equinox
The list below summarizes some of the recommended thrifty suggestions that can help you find lower-cost car insurance.
- Good credit can save money
- Higher comprehensive and collision coverage deductibles will save money
- Keep your driving record clean
- The safer your car, the less it costs to insure
- Full coverage may not be needed on older vehicles
- Maintain a safe distance and avoid accidents
- Compare rates often to find the best deal
That last tip is particularly important, as we noted in the prior information. Car insurance rates can change considerably based on profitability, so don’t be unwilling to switch to a new company if a more affordable price is available.
Brand loyalty is not necessarily bad, but it isn’t a good idea if that loyalty ends up costing money that could be used for better things. Take a few minutes and compare rates and find cheaper insurance for a Chevrolet Equinox in Jersey City.
The Jersey City car insurance agencies listed below can help you determine which auto insurance policy fits you best, since lots of people like to get some professional input when shopping for cheaper insurance for a Chevrolet Equinox. It can be hard to find coverage yourself, so a licensed agent can give peace of mind knowing you have decent coverage if you have a claim.
To locate a Jersey City insurance agent using an interactive map, click the link at the bottom.
GIM Agency Services Inc
263 Central Ave – Jersey City, NJ 07307 – (201) 792-4188
1674 John F. Kennedy Blvd # A – Jersey City, NJ 07305 – (201) 434-4760
All Insurance Services Inc
574 Newark Ave – Jersey City, NJ 07306 – (201) 963-8888
GG Insurance – Independent Insurance Agent
270 Marin Boulevard, Metropolis Towers Suite #14D – Jersey City, NJ 07302 – (800) 801-0394
Cheap Car Insurance Quotes Auto Newark NJ
268 W KINNEY ST – Newark, NJ 07103 – (888) 290-0635