How to Save Money on Insurance for your Chevrolet Equinox
If buying auto insurance was as easy as it sounds on TV commercials, we'd have no problem getting the lowest rates. Unfortunately, it's not always as easy as it sounds to get the best rate. Insuring your Chevrolet Equinox is probably no exception.
Step One: Compare Multiple Rate Quotes
If it's been a few years since you shopped for car insurance, you might still think the only way to buy is from a local agent. Not anymore!
All the major car insurance companies sell insurance for a Chevrolet Equinox and you don't even have to visit each individual website!
Take the first step by clicking the link below. By answering a few questions you'll be able to compare rates quickly and easily.
Important! If you already have liability and physical damage coverage on your Equinox, it's important to keep the same limits and deductibles throughout the quote process. This allows you to fairly compare rates for many companies. If you use different limits and coverages for each quote, you won't be able to judge if the final rate is better or worse than other quotes.
Step Two: Tricks to Saving Money on Equinox Insurance
If you have completed step one above (if not, please complete that step first), then you are now ready to learn some ways to insure your Equinox that will also lower the rate you pay irregardless of which company you choose.
- How is your credit rating? The better credit you have, the less insurance will cost for your Equinox. If you have bad credit, work on improving your credit score and repair past credit problems.
- Speeding tickets and other violations can negatively impact your insurance rates for up to three years. Get too many tickets and you'll be shopping for a new car insurance company.
- Owning a home takes financial responsibility, and car insurance companies will often give you a break just for being a homeowner.
- If you have any teenage drivers in your household, expect to fork out quite a bit more for insurance. Rating them on a low profile vehicle with liability only coverage is the best way to save money.
- Do not allow your current car insurance coverage to lapse or expire. Insurance companies have a simple way to find out when your last policy ended (called a CLUE report), and if you went without coverage for any length of time you may pay more for coverage.
- If you have tended to file small claims with your car insurance company in the past, you're most likely going to pay higher premiums in the future. Consider paying minor claims out-of-pocket instead of blemishing your claim history.
- Consider taking a defensive driving course. You can often make up the cost of the course in as little as a single policy renewal.
- Equipping your Chevrolet with available safety features such as air bags and passive restraints allows you to take advantage of additional discounts.
- With age comes cheaper rates! If you're a senior citizen, many car insurance companies will give you a discount. Also, if you belong to a professional organization, check to see if your company gives discounts to members.
- Auto theft is a big problem that costs us all money, but if your car is on the list of the most frequently stolen autos, you might be paying a little extra because of the temptation to thieves.
- Consider using higher deductibles for physical damage coverages like comprehensive and collision. Higher deductibles save money since you're willing to pay more out-of-pocket at claim time.
Step Three: Choose a Company and Bind Coverage
It's time to make a purchase decision based on your rate comparisions and and any policy coverage changes you wish to make. Once you are comfortable with the cost and coverages, you can finalize your purchase by paying your premium down payment.
The key thing to keep in mind when buying a new policy is you do not want your old policy to lapse. Make sure the effective date of the new policy is on or before the expiration date of your current policy.
If you are adding a vehicle to an existing policy and not buying a new one, just make sure to get the vehicle added as soon as possible. Every insurance company offers a grace period to add new vehicles, so make sure you get the Chevrolet added prior to the expiration of this grace period. If your current policy has any vehicle with full coverage (comprehensive and collision), then your new Equinox will have that coverage extended to it. If you only have liability coverage on your policy, then you have no physical damage coverage on your new purchase.
Be sure to replace any old proof-of-insurance cards in your car. You must always have the current card in your vehicle as required by state law. If an SR-22 is required due to a reckless driving conviction, DUI or conviction of driving without insurance, make sure your new company is aware of that. Not filing a court-ordered SR-22 can result in suspension of your driver's license.
Additional Insurance Information
For more information on car insurance, please visit the Insurance Information Institute's auto insurance informational page.
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