Chevy Equinox insurance cost image courtesy of QuoteInspector.com
Shocking but true, the vast majority of auto insurance customers have purchased from the same company for over three years, and just short of a majority have never shopped around. Many drivers in Plano could cut their rates by nearly 70% a year, but they just don't understand the amount of money they would save if they swap their current policy for a cheaper one.
To save the most money, the best way to get affordable Chevy Equinox insurance in Plano is to regularly compare quotes from providers who provide car insurance in Texas. Drivers can shop around by completing these steps.
First, try to learn about auto insurance and the factors you can control to keep rates down. Many risk factors that cause rate increases like traffic citations and a less-than-favorable credit score can be improved by paying attention to minor details.
Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or Allstate, while independent agencies can quote prices from multiple companies.
Third, compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, provide adequate notice to your current company to cancel your current policy. Submit the signed application along with the required initial payment to your new agent or company. As soon as you receive it, safely store the certificate verifying coverage in a readily accessible location in your vehicle.
One tip to remember is to try to compare similar deductibles and liability limits on each quote and and to get price quotes from as many companies as you can. This provides an accurate price comparison and the best rate selection.
Finding a better price on car insurance can be surprisingly simple. Consumers just need to invest a few minutes to get quotes to see which company has affordable Chevrolet Equinox insurance quotes.
Doing online price quotes comparisons is so easy that it makes it a waste of time to make phone calls or go to different Plano agent offices. The ability to get quotes online eliminates the middleman unless your situation requires the advice and guidance that only an agent can give. Although you can find lower rates online but purchase the actual policy in an agency.
The companies shown below are our best choices to provide free rate quotes in Plano, TX. In order to find cheap car insurance in Plano, TX, it's highly recommended you compare several of them to find the lowest auto insurance rates.
Car insurance policy discounts you can't miss
Car insurance can be pricey, but there could be available discounts to reduce the price significantly. Many of these discounts will be applied automatically when you get a quote, but some must be asked about prior to receiving the credit.
- Seat Belts Save - Drivers who require all occupants to buckle their seat belts could save 15% on medical payment and PIP coverage.
- Data Collection Discounts - Insureds who allow their insurance company to monitor where and when they drive by installing a telematics device like In-Drive from State Farm and Progressive's Snapshot might get better premium rates if they show good driving skills.
- Organization Discounts - Participating in a professional or civic organization is a good way to get lower rates on your policy.
- College Student - College-age children living away from Plano attending college without a vehicle on campus can receive lower rates.
- Air Bags and Passive Restraints - Factory air bags may qualify for discounts up to 30%.
One thing to note about discounts is that most discounts do not apply to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, you won't be that lucky.
The chart below visualizes the comparison of Chevy Equinox annual premium costs with and without some available policy discounts. The data is based on a female driver, no claims or violations, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-policy, marriage, multi-car, and safe-driver discounts applied.
To view insurance companies that offer multiple discounts in Plano, click here.
Insurance coverage details
The rate table shown next showcases a range of insurance premium costs for Chevy Equinox models. Having a better understanding of how rate quotes are established can help customers make smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$298||$544||$392||$24||$118||$1,376||$115|
|Equinox LT 2WD||$298||$544||$392||$24||$118||$1,376||$115|
|Equinox LS AWD||$298||$544||$392||$24||$118||$1,376||$115|
|Equinox LT AWD||$298||$544||$392||$24||$118||$1,376||$115|
|Equinox LTZ 2WD||$336||$642||$392||$24||$118||$1,512||$126|
|Equinox LTZ AWD||$336||$642||$392||$24||$118||$1,512||$126|
|Equinox LTZ AWD||$336||$642||$392||$24||$118||$1,512||$126|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in zip code location which can impact insurance rates considerably.
Drive safe and save
The diagram below demonstrates how traffic citations and fender-benders drive up Chevy Equinox auto insurance costs for each age group. The premium estimates are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are applied.
Impact of age and gender on auto insurance rates
The illustration below illustrates the comparison of Chevy Equinox car insurance costs for male and female drivers. The premiums assume no driving violations, no at-fault accidents, comp and collision included, $500 deductibles, single marital status, and no policy discounts are applied.
Local Plano car insurance agents and auto insurance
A small number of people still prefer to get advice from a local agent and often times that is recommended Agents can answer important questions and help submit paperwork. A good thing about comparing rates online is that drivers can save money and get cheap auto insurance quotes and still buy from a local agent. Buying insurance from local insurance agencies is definitely important in Plano.
For easy comparison, once you complete this form (opens in new window), your insurance coverage information gets sent to companies in Plano who will give you quotes and help you find cheaper coverage. You won't need to leave your house due to the fact that quote results will go to you directly. If for some reason you want to compare prices from a specific auto insurance provider, just go to their quote page and fill out their quote form.
Is an exclusive or independent auto insurance agent right for you?
If you're trying to find a good Plano insurance agent, you need to know there are two different agency structures and how they are slightly different. Plano agents can be categorized as either exclusive or independent (non-exclusive). Both insure your vehicles, but we need to point out the difference in the companies they write for since it can impact which type of agent you select.
Agents of this type are not locked into one company so they can insure your vehicles with a variety of different insurance companies and help determine which has the cheapest rates. If they quote lower rates, the business is moved internally which makes it simple for you. When shopping rates, it's a good idea to check rates from a couple of independent agencies to ensure the widest selection of prices.
The following is a short list of independent agents in Plano that may be able to give you price quotes.
Agents of this type normally can only provide a single company's rates and some examples include State Farm or Allstate. Exclusive agencies are unable to place coverage with different providers so you need to shop around if the rates are high. They are usually quite knowledgeable on their company's products which helps offset the inability to provide other markets.
Shown below are Plano exclusive agents willing to provide rate quotes.
Finding a good insurance agent requires more thought than just the bottom line cost. Here are some questions to ask:
- Where would your vehicle be repaired?
- Is there a 24/7 contact number?
- Will they make sure you get an adequate claim settlement?
- Do they carry Errors and Omissions coverage?
- What companies can they write with?
Once you have received positive feedback to any questions you may have as well as a affordable price, chances are good that you have found a car insurance agent that meets your needs to service your policy.
What insurance coverages do I need?
When quoting and comparing coverage online or from an agent, there really is no one-size-fits-all type of policy. Every insured's situation is different.
Here are some questions about coverages that can aid in determining whether your personal situation may require specific advice.
- Is a new car covered when I drive it off the dealer lot?
- If I use my vehicle for business use is it covered?
- Do I have coverage if I rent a car in Mexico?
- Is there coverage for my trailer?
- Do I need special coverage while pulling a rented trailer?
- What companies insure drivers after a DUI or DWI?
If you can't answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form. It's fast, free and may give you better protection.
Car insurance coverage information
Having a good grasp of a auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and nobody wants to actually read their policy.
This can cover damages or injuries you inflict on other's property or people that is your fault. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 30/60/25 that means you have $30,000 bodily injury coverage, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability coverage protects against things like legal defense fees, bail bonds and emergency aid. How much liability should you purchase? That is a personal decision, but it's cheap coverage so purchase higher limits if possible. Texas requires minimum liability limits of 30/60/25 but drivers should carry better liability coverage.
The chart below demonstrates why buying the state minimum limits may not be enough.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage pay for bills like rehabilitation expenses, pain medications and ambulance fees. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
Collision insurance pays for damage to your Equinox caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for things like hitting a mailbox, hitting a parking meter, scraping a guard rail and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It's also possible to bump up the deductible on your Equinox to save money on collision insurance.
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like hitting a deer, rock chips in glass and fire damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.
Uninsured/Underinsured Motorist (UM/UIM)
This provides protection from other drivers when they are uninsured or don't have enough coverage. This coverage pays for injuries sustained by your vehicle's occupants and also any damage incurred to your Chevy Equinox.
Since a lot of drivers only purchase the least amount of liability that is required (30/60/25), their limits can quickly be used up. So UM/UIM coverage is very important. Normally these coverages do not exceed the liability coverage limits.
One last note
While you're price shopping online, don't be tempted to reduce needed coverages to save money. In many instances, someone sacrificed uninsured motorist or liability limits to discover at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy the best coverage you can find for the lowest price.
Drivers switch companies for a number of reasons such as policy cancellation, not issuing a premium refund, policy non-renewal and even lack of trust in their agent. Regardless of your reason, switching auto insurance companies can be easy and end up saving you some money.
Budget-friendly auto insurance in Plano is possible on the web as well as from insurance agents, and you need to comparison shop both to get a complete price analysis. A few companies do not offer rate quotes online and most of the time these regional insurance providers sell through independent insurance agencies.
For more information, take a look at the resources below:
- Auto Theft Statistics (Insurance Information Institute)
- Who Has the Cheapest Plano Car Insurance Rates for Felons? (FAQ)
- How Much is Plano Auto Insurance with Multiple Speeding Tickets? (FAQ)
- Who Has the Cheapest Plano Auto Insurance Rates for Inexperienced Drivers? (FAQ)
- Who Has Cheap Plano Car Insurance Quotes for College Graduates? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)