Best Quotes for Chevy Equinox Insurance in Irvine

Do you want to save money by finding lower-priced Chevy Equinox insurance in Irvine? Did you come to the realization that you have an overpriced auto insurance policy? Trust us when we tell you there are a lot of people in Irvine just like you who feel imprisoned by their auto insurance policy.

Unbelievable but true, the vast majority of consumers renewed their policy with the same company for at least the last four years, and 38% of drivers have never quoted auto insurance rates at all. California consumers can save hundreds of dollars each year just by getting comparison quotes, but they assume it’s a waste of time to compare rate quotes.

Multiple insurers compete for your insurance dollar, so it can be very hard to choose a insurer to discover the definitive best rates possible on Chevy Equinox insurance in Irvine.

Keep in mind that making a lot of price comparisons will enable you to find lower pricing.

The car insurance companies shown below can provide free quotes in Irvine, CA. To locate cheap auto insurance in CA, we suggest you visit several of them in order to find the most competitive rates.

Three reasons to insure your Chevy Equinox

Despite the high cost, insurance is mandatory in California but it also protects more than you think.

• The majority of states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability insurance if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If your Chevy has a lienholder, most banks will stipulate that you have comprehensive coverage to guarantee payment of the loan. If the policy lapses, the bank or lender will purchase a policy for your Chevy for a much higher rate and require you to pay the higher premium.
• Insurance safeguards both your car and your assets. It also can pay for all forms of medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of your driving. If your Chevy gets damaged, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your Equinox are without a doubt worth the cost, particularly if you ever have a claim. But the average driver in California overpays as much as $700 annually so we recommend shopping around at least once a year to ensure rates are inline.

Coverage analysis

The price information shown below showcases estimates of policy rates for Chevy Equinox models. Learning more about how insurance prices are determined is important to be able to make decisions on which coverage to buy.

Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Prices do not factor in specific location information which can modify coverage prices significantly.

Should you raise deductibles?

When buying insurance, a common question is how high should the physical damage coverage deductibles be. The figures shown below highlight the premium difference of buying low and high comp and collision deductibles. The first data set uses a $100 physical damage deductible and the second price table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Prices do not factor in specific zip code location which can lower or raise coverage prices greatly.

Based on these figures, using a $100 deductible will cost you approximately $46 more each month or $552 for a full year than buying the higher $1,000 deductible. Because you would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 20 months between claim filings, you would more than likely save some money if you opt for a higher deductible.

Rate difference between full and liability-only coverage

The example below illustrates the comparison of Chevy Equinox insurance costs with full coverage compared to only the California minimum liability coverage. The premiums are based on no claims or violations, $100 deductibles, drivers are not married, and no discounts are applied.

When to switch to liability coverage only

There is no definitive rule to delete full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your Chevy Equinox replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after the policy deductible has been paid. If it’s costing you more than $300 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some conditions where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.

Car insurance policy discounts for Chevy Equinox insurance in Irvine

Companies that sell car insurance don’t list all available discounts very clearly, so the below list has some of the best known as well as the least known discounts you could be receiving when you buy Irvine auto insurance online.

• Multiple Cars – Buying insurance for several vehicles on one policy can get a discount for every vehicle.
• Anti-lock Brake System – Cars that have steering control and anti-lock brakes can stop better under adverse conditions so you can save 10 percent or more.
• Employee of Federal Government – Having worked for a branch of the government could cut as much as 10% off but check with your company.
• Low Mileage – Fewer annual miles on your Chevy can qualify you for discounted car insurance rates on garaged vehicles.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if offered at their school.

Drivers should understand that some of the credits will not apply to all coverage premiums. Most cut individual premiums such as liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, you’re out of luck.

The information below shows the difference between Chevy Equinox insurance premiums with and without discounts applied to the policy premium. The price estimates are based on a male driver, a clean driving record, no claims, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, marriage, homeowner, and safe-driver discounts applied.

Popular car insurance companies and their offered discounts are detailed below.

• GEICO has discounts for multi-vehicle, air bags, military active duty, seat belt use, good student, federal employee, and membership and employees.
• MetLife discounts include good driver, good student, defensive driver, claim-free, multi-policy, and accident-free.
• State Farm offers premium reductions for Drive Safe & Save, anti-theft, defensive driving training, good driver, safe vehicle, multiple autos, and multiple policy.
• Progressive offers discounts for good student, online signing, homeowner, multi-vehicle, and online quote discount.
• Mercury Insurance offers discounts including multi-car, low natural disaster claims, good student, good driver, multi-policy, professional/association, and age of vehicle.
• 21st Century includes discounts for anti-lock brakes, homeowners, 55 and older, defensive driver, teen driver, and automatic seat belts.
• Allstate may have discounts that include good payer, anti-theft, teenSMART discount, auto/life discount, and eSmart discount.

When comparing rates, check with each company what discounts are available to you. Some discounts may not apply to policies in your state. To locate providers that offer discounts in Irvine, click here.

When do I need an agent’s advice?

When it comes to a policy, there isn’t really a “perfect” insurance plan. Your needs are unique to you.

Here are some questions about coverages that might point out if you would benefit from an agent’s advice.

• Does insurance cover tools stolen from my truck?
• Should I waive the damage coverage when renting a car?
• Is my nanny covered when driving my vehicle?
• Do I need motorclub coverage?
• When can my company non-renew my policy?
• When would I need additional glass coverage?
• Am I covered when using my vehicle for business?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form.