Compare the Cost of Chevy Equinox Insurance by Model Year and Company

The Chevrolet Equinox is a midsize SUV with lower-than-average insurance premiums. Coming in at an average of $1,165 per year, insurance rates for the Chevrolet Equinox are around $262 cheaper per year than the average vehicle. These are average rates for the Equinox across all model years. Insurance rates can vary depending on the insurance company and the model year.

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Comparing data from multiple insurance providers will give you an overview of the best car insurance rates and coverage options. Insurance companies use various factors to calculate insurance costs, including the driver’s personal info, driving record and ZIP code. It helps to look at personalized quotes from several different insurers to find the best insurance package for your needs.

MoneyGeek analyzed insurance data to help you see how different companies stack up to get you the best quotes for your Chevy Equinox insurance.

Key Takeaways

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The average insurance rate for a typical 40-year-old driver is $1,165. This is around $262 cheaper than the cost of insurance for the average car.

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The cost of insurance for the Chevy Equinox can vary by $463, depending on the company you choose.

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The difference in insurance rates for the Chevy Equinox can be $273, depending on your model year. The older the model, the cheaper the rate.

How Much It Costs to Insure a Chevy Equinox and the Cheapest Company

On average, GEICO offers the cheapest average insurance rate for Chevy Equinox drivers at just $1,014 per year. Allied is the most expensive, at $1,477 annually. GEICO rates are 8.4% cheaper than the average Chevy Equinox insurance rates. You should check rates with multiple insurance companies to get the best price for your car insurance.

The Average Annual Cost of Chevy Equinox Insurance by Company

Insurance rates will vary based on the model of the car and the driver’s profile. MoneyGeek collected information about insurance provider rates using a sample driver profile. In this scenario, the driver has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Chevy Equinox by Company

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Is a Chevy Equinox Expensive to Insure?

Insurers analyze multiple factors to determine your insurance costs. The type of car you have and the likelihood of it being stolen or getting into accidents are all taken into account, in addition to other factors (such as age, driving record and ZIP code).

The average cost of insurance for a typical car in the US is $1,427. It is cheaper to insure a Chevy Equinox because it is a midsize SUV that’s rarely stolen. According to Forbes, the Equinox is one of the least-stolen cars in America today, despite its status as a highly popular car model.

The Best Car Insurance Company for a Chevy Equinox

You shouldn’t look just at pricing before buying insurance. According to MoneyGeek data — rating companies on factors like pricing, customer satisfaction, complaints and financial stability — USAA is the best car insurance for a Chevy Equinox.

However, USAA insurance is available only for military members and their families. If you are not in the military, the best option is GEICO, which is very competitive with USAA in the areas of affordability and financial stability.


1
USAA
Score:98

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:90

5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:87

4.8/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:81

4.1/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Chevy Equinox by Model Year

Older Chevy Equinox models are cheaper to insure than newer ones. A 2010 Chevy Equinox will cost you roughly $1,057 to insure, while a 2020 model will cost you $1,267 on average.

This is because an older car’s value depreciates, and its collision and comprehensive insurance rates become less expensive. Different insurers provide varying rates depending on the vehicle’s model year. For example, on average, insurance for a 2017 model will cost you $1,024 with GEICO and $1,332 with Nationwide.

For the 2020 Equinox, GEICO offers the cheapest insurance at an average of $1,106, while Allied is the most expensive at $1,570.

It’s easy to find out the average cost of car insurance using MoneyGeek resources.

The Average Cost to Insure a Chevy Equinox by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,106
    $1,079
    $1,072
    $1,024
    $1,022
    $948
    $847
  • 2.
    $1,163
    $1,035
    $1,064
    $1,045
    $1,020
    $883
    $919
  • 3.
    $1,117
    $1,115
    $1,083
    $1,071
    $1,057
    $985
    $926
  • 4.
    $1,245
    $1,243
    $1,222
    $1,204
    $1,190
    $1,107
    $976
  • 5.
    $1,250
    $1,267
    $1,282
    $1,332
    $1,368
    $1,206
    $1,135

How Expensive Is It to Insure a Chevy Equinox Compared to Other Cars?

Chevy Equinox is an inexpensive car to insure. While the typical car model in the United States costs roughly $1,427 per year to insure, the Chevy Equinox costs only $1,165 on average. The Equinox has low theft rates and is a relatively inexpensive vehicle, which keeps its insurance rates down.

How Much It Costs to Insure a Chevy Equinox for 16- to 25-Year-Olds

Teenagers will have to pay much more for insurance to cover their Chevy Equinoxes. The average quote for a 16-year-old driver is $4,875, more than four times more than a typical 40-year-old driver has to pay for similar coverage. This is because teenagers get into more accidents due to their inexperience.

These rates are for a one-person policy. Parents adding their teen to their insurance policy might make more sense, as this is usually much cheaper than acquiring a separate policy.

The Average Cost to Insure a Chevy Equinox by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $4,875
  • 17
    $4,318
  • 18
    $3,803
  • 19
    $2,723
  • 20
    $2,431
  • 21
    $1,924
  • 22
    $1,773
  • 23
    $1,622
  • 24
    $1,522
  • 25
    $1,381
  • 40
    $1,165

How Does Location Affect the Cost of Chevy Equinox Insurance?

Your ZIP code is an important factor when it comes to car insurance. The data used in this article is based on national averages. However, some insurers will offer much cheaper rates in certain states. You can learn more about the cost of car insurance in individual states with MoneyGeek's state page analysis.

FAQs About Chevy Equinox Insurance

The average cost of insurance for a Chevrolet Equinox is $1,165. That said, insurance costs depend on many factors, like the model year, the driver’s age, their ZIP code and driving record. Here are the answers to some of the most commonly asked questions about Chevy Equinox insurance coverage.

Read More About Car Insurance

Methodology

MoneyGeek collected information about insurance rates for the Chevy Equinox using a sample driver profile. In this scenario, the driver is a 40-year-old male purchasing a full coverage policy with the following coverages:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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