Car Insurance Rate Quotes for a Chevy Equinox in Anchorage

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Chevy Equinox insurance
Chevy Equinox insurance image courtesy of QuoteInspector.com

Shopping for lower priced Anchorage Chevy Equinox insurance quotes online may be rather challenging for vehicle owners new to comparing rates and buying insurance over the internet. With such a large choice of online companies available, how can Anchorage drivers even start to compare every one to find the best available rates?

How to find affordable quotes for Chevy Equinox insurance in Anchorage

The best way to find cheaper Chevy Equinox insurance is to regularly compare price quotes from providers in Anchorage. Drivers can shop around by following these steps.

First, gain an understanding of how your policy works and the measures you can take to prevent high rates. Many rating criteria that result in higher prices such as accidents, traffic violations, and a bad credit score can be controlled by being financially responsible and driving safely.

Second, compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or State Farm, while agents who are independent can give you price quotes for a wide range of companies. Compare rates now

Third, compare the new rate quotes to your current policy to see if you can save by switching companies. If you can save some money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

The key thing to remember is to make sure you enter identical coverage information on every price quote and and to get rates from every insurance company. This guarantees an apples-to-apples comparison and the best price selection.

Discount Chevy Equinox insuranceSadly, almost 70% of drivers in Alaska have stayed with the same insurance company for well over three years, and practically 40% of insurance customers have never quoted insurance rates at all. U.S. drivers can save hundreds of dollars each year, but they just assume it's a time-consuming process to save money by comparing rate quotes.

When comparing car insurance rates, know that comparing more rates from different companies will improve the odds of getting the best offered rates. Some smaller insurers do not give Anchorage Equinox insurance quotes online, so it's important to compare rates from the smaller companies as well.

The car insurance companies shown below are ready to provide free rate quotes in Alaska. If multiple companies are listed, we recommend you visit several of them to get a more complete price comparison.

Insurance discounts help lower rates for Chevy Equinox insurance in Anchorage

Auto insurance companies don't necessarily list every discount very clearly, so below is a list a few of the more well known and also the lesser-known ways to save on insurance.Discount insurance

  • Professional Organizations - Joining a professional or civic organization can get you a small discount on your policy.
  • Discounts for Seat Belt Usage - Using a seat belt and requiring all passengers to buckle their seat belts can save a little off PIP or medical payments premium.
  • Online Discount - A few insurance companies will provide an incentive for signing up digitally online.
  • Good Student - Getting good grades can save 20 to 25%. This discount can apply well after school through age 25.
  • Braking Control Discount - Vehicles with anti-lock braking systems are much safer to drive and earn discounts up to 10%.
  • No Accidents - Insureds who avoid accidents and claims can earn big discounts compared to drivers who are more careless.
  • Low Mileage - Maintaining low annual mileage could earn better prices on cars that stay parked.
  • Payment Method - If you pay your bill all at once rather than spreading payments over time you may have a lower total premium amount.
  • New Car Discount - Insuring a new Equinox can cost up to 25% less since newer vehicles have better safety ratings.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most only apply to individual premiums such as liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, you aren't that lucky. But all discounts will lower your policy cost.

The chart below shows the difference between Chevy Equinox insurance prices with and without discounts applied to the policy premium. The data assumes a male driver, no violations or accidents, Alaska 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 safe-driver, homeowner, multi-policy, marriage, claim-free, and multi-car discounts applied.

If you would like to see a list of insurance companies with discount insurance rates in Alaska, click this link.

Rates and information analytics

The coverage table below covers detailed analysis of coverage costs for Chevy Equinox models. Being aware of how insurance prices are determined can help customers make decisions when shopping around.

Chevrolet Equinox Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $180 $350 $256 $16 $76 $878 $73
Equinox LT 2WD $180 $350 $256 $16 $76 $878 $73
Equinox LS AWD $180 $350 $256 $16 $76 $878 $73
Equinox LT AWD $180 $350 $256 $16 $76 $878 $73
Equinox LTZ 2WD $204 $414 $256 $16 $76 $966 $81
Equinox LTZ AWD $204 $414 $256 $16 $76 $966 $81
Equinox LTZ AWD $204 $414 $256 $16 $76 $966 $81
Get Your Own Custom Quote Go

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in Anchorage location which can increase or decrease auto insurance rates considerably.

Rate comparison for different deductibles

One of the hardest decisions when shopping for insurance is which comprehensive and collision deductibles to buy. The following insurance rates may help to illustrate the rate difference when you select higher and lower physical damage deductibles. The first price estimate table uses a $100 physical damage deductible and the second data table uses a $1,000 deductible.

Chevrolet Equinox insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $234 $422 $272 $16 $82 $1,051 $88
Equinox LT 2WD $234 $422 $272 $16 $82 $1,051 $88
Equinox LS AWD $234 $422 $272 $16 $82 $1,051 $88
Equinox LT AWD $234 $422 $272 $16 $82 $1,051 $88
Equinox LTZ 2WD $264 $498 $272 $16 $82 $1,157 $96
Equinox LTZ AWD $264 $498 $272 $16 $82 $1,157 $96
Equinox LTZ AWD $264 $498 $272 $16 $82 $1,157 $96
Get Your Own Custom Quote Go
Chevrolet Equinox insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $130 $222 $272 $16 $82 $722 $60
Equinox LT 2WD $130 $222 $272 $16 $82 $722 $60
Equinox LS AWD $130 $222 $272 $16 $82 $722 $60
Equinox LT AWD $130 $222 $272 $16 $82 $722 $60
Equinox LTZ 2WD $146 $262 $272 $16 $82 $778 $65
Equinox LTZ AWD $146 $262 $272 $16 $82 $778 $65
Equinox LTZ AWD $146 $262 $272 $16 $82 $778 $65
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Table data does not factor in specific location which can increase or decrease rates substantially.

Based on these figures, using a $100 deductible costs an average of $29 more each month or $348 annually than buying the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 31 months between claims, you would probably save some money if you elect the higher deductible.

Chevy Equinox Insurance Rate Factors

Many different elements are considered when premium rates are determined. Some factors are common sense like your driving record, although some other factors are not quite as obvious such as your marital status or how financially stable you are.

  • Don't skimp on liability coverage - The liability section of your policy will afford coverage if you are found liable for damages from an accident. Your liability coverage provides legal defense coverage which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
  • Youthful driver insurance costs - Drivers with little experience are proven to be easily distracted in a vehicle therefore insurance rates are much higher. Older insureds tend to be more responsible, file fewer claims, and receive fewer citations.

    The chart below assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

  • Always keep your policy in place - Driving without insurance coverage in place is against the law and you will pay a penalty because you let your coverage have a gap. And not only will insurance be more expensive, the inability to provide proof of insurance can result in fines or a revoked license. You could then be forced to submit proof of financial responsibility or a SR-22 with the Alaska department of motor vehicles.
  • Raise coverage deductibles and save - Physical damage protection, aka comp and collision, is used to repair damage to your vehicle. Some examples of covered claims would be a broken side mirror, flood damage, and damage from a fallen tree branch. Your deductibles state the amount of money you are willing to pay before a claim is paid by your company. The more expense you choose to pay out-of-pocket, the bigger discount you will receive.
  • Better insurance rates with anti-theft devices - Buying a car with a theft deterrent system can help lower your rates. Anti-theft features like GM's OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
  • Pay more by driving carelessly - A bad driving record impacts premiums far more than you think. Careful drivers pay less for auto insurance than people who have multiple driving citations. Even one speeding ticket may increase your cost by as much as thirty percent. Drivers who have received dangerous tickets like reckless driving, hit and run or driving under the influence may face state-mandated requirements to prove financial responsibility with their state DMV in order to prevent their license from being revoked.

    The information below highlights how speeding tickets and at-fault fender-benders raise Chevy Equinox car insurance rates for each age group. The price estimates are based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

  • Chevy Equinox claim statistics - Insurers include the past claim trends for vehicles in order to profitably underwrite each model. Vehicles that the data shows to have higher loss trends will have higher rates. The table below demonstrates the compiled insurance loss statistics for Chevy Equinox vehicles.

    For each coverage type, the loss probability for all vehicles averaged together is equal to 100. Numbers that are below 100 mean the vehicle has better than average losses, while values that are 100 or greater show a trend for more claims or an increased chance of a larger loss.

    Auto Insurance Loss Data for Chevrolet Equinox Models
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Chevrolet Equinox 4dr 2WD 82 86 74 101 104 93
    Chevrolet Equinox 4dr 4WD 84 88 85 89 93 81
    BETTER
    AVERAGE
    WORSE

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

When do I need to get advice from an insurance agency?

Some people still prefer to sit down and talk to an agent and that is not a bad decision The best thing about comparing insurance online is the fact that you can find lower car insurance rates but also keep your business local. Supporting neighborhood agents is still important in Anchorage.

Find insurance agent in AnchorageUpon completion of this form (opens in new window), your information is instantly submitted to local insurance agents in Anchorage who want to provide quotes and help you find cheaper coverage. You won't need to contact any insurance agencies because quoted prices will be sent to the email address you provide. Get lower rates AND an agent nearby. If you wish to get a price quote from a particular provider, you would need to search and find their rate quote page and submit a quote form there.

Deciding on an provider should include more criteria than just a cheap price. A good agent in Anchorage will have answers to these questions.

  • Where would glass claims be handled in Anchorage?
  • Can you choose the body shop in case repairs are needed?
  • Do they specialize in personal lines auto insurance in Anchorage?
  • What is their Better Business Bureau rating?
  • Is insurance their full-time profession?
  • Are they actively involved in the community?

Best auto insurance company in Anchorage

Insuring your vehicle with the top insurance provider can be a challenge considering how many companies there are in Anchorage. The company ratings below could help you select which car insurance providers you want to consider when shopping around.

Top 10 Anchorage Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Progressive
  9. Allstate
  10. Liberty Mutual

Top 10 Anchorage Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. State Farm - A++
  3. GEICO - A++
  4. Esurance - A+
  5. Allstate - A+
  6. Progressive - A+
  7. The Hartford - A+
  8. The General - A-
  9. AAA Insurance - A
  10. Liberty Mutual - A

Smart shoppers get results

Cheaper Chevy Equinox insurance in Anchorage can be purchased online and from local insurance agents, so get free Anchorage auto insurance quotes from both of them to have the best selection. There are still a few companies who may not have internet price quotes and these small, regional companies sell through independent agents.

People switch companies for any number of reasons including not issuing a premium refund, poor customer service, unfair underwriting practices or questionable increases in premium. It doesn't matter why you want to switch finding a great new company is pretty simple and you could end up saving a buck or two.

In this article, we covered a lot of techniques to reduce Chevy Equinox insurance auto insurance rates online in Anchorage. The key thing to remember is the more providers you compare, the better your chances of lowering your premium rates. You may even discover the most savings is with the least-expected company.

How to find affordable quotes for Chevy Equinox insurance in Anchorage

The preferred way to find lower priced car insurance rates in Anchorage is to compare prices once a year from companies who sell insurance in Alaska. You can shop around by completing these steps.

Step 1: Get an understanding of how car insurance works and the measures you can control to keep rates in check. Many risk factors that result in higher rates like inattentive driving and bad credit can be amended by making minor driving habit or lifestyle changes.

Step 2: Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can quote rates from multiple insurance companies.

Step 3: Compare the price quotes to your existing rates to determine if switching companies saves money. If you find a lower rate and make a switch, make sure coverage is continuous and does not lapse.

Step 4: Provide notification to your current agent or company of your decision to cancel your current auto insurance policy and submit payment along with a signed and completed policy application for your new coverage. Once the application is submitted, place your new certificate of insurance in a readily accessible location in your vehicle.

One important bit of advice is that you'll want to compare similar deductibles and liability limits on each price quote and and to analyze as many companies as possible. This provides an apples-to-apples comparison and a complete price analysis.

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