Cheap Insurance for a Chevy Equinox in Baltimore

Chevy Equinox insurance rates image courtesy of QuoteInspector.com

If you want to save the most money, the best way to find more affordable Chevy Equinox insurance is to regularly compare quotes from providers who sell insurance in Baltimore. You can compare rates by completing these steps.

• First, read about how car insurance works and the measures you can take to prevent expensive coverage. Many risk factors that drive up the price such as speeding tickets, careless driving and an imperfect credit score can be rectified by making minor driving habit or lifestyle changes. This article gives more details to get lower rates and get discounts that may be overlooked.
• Second, compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from a single company like Progressive or Allstate, while independent agents can provide price quotes for a wide range of insurance providers. Click to view companies
• Third, compare the quotes to your current policy premium and see if you can save money. If you can save some money and switch companies, make sure there is no coverage gap between policies.

A good tip to remember is to make sure you enter the same amount of coverage on every price quote and and to get prices from every insurance company. Doing this ensures a fair price comparison and the best price quote selection.

Unthinkable but true, most consumers have been with the same company for four years or more, and 38% of drivers have never even shopped around for cheap coverage. With the average premium in Maryland being $1,500, drivers could save nearly $750 each year by just comparing rate quotes, but they don't believe the big savings they would realize if they bought a different policy.

Locating the best rates in Baltimore can be easy if you know a few tricks. If you currently have car insurance, you will surely be able to buy cheaper car insurance using this information. Drivers only need an understanding of the least time-consuming way to find the lowest price from many companies at once.

The majority of larger companies provide prices for coverage direct online. This process is very simple as you simply type in your personal and coverage information as detailed in the form. Upon sending the form, the system requests reports for credit and driving violations and returns a price quote determined by many factors.

Using the web to get rates for Chevy Equinox insurance in Baltimore makes it simple to compare prices and it is imperative to compare as many rates as possible in order to get a better rate.

If you want to compare rates now, check out the insurance providers below. To compare your current rates, we recommend that you enter the coverages exactly as they are listed on your policy. Using the same limits helps guarantee you are getting a fair comparison based on similar coverages.

The companies in the list below are ready to provide price quotes in Baltimore, MD. In order to find the best car insurance in Baltimore, it's highly recommended you click on several of them to get the best price comparison.

Rates and statistics

The price information shown next showcases estimates of coverage prices for Chevy Equinox models. Being aware of how auto insurance prices are determined can be valuable when making informed purchases.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Price information does not factor in specific zip code location which can affect premiums greatly.

Rate comparison for different deductibles

One of the hardest decisions when shopping for auto insurance is where should you set your physical damage deductibles. The rates below illustrate the rate fluctuation when you select higher and lower physical damage deductibles. The first data table uses a $250 deductible for comp and collision and the second price table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in vehicle garaging location which can impact auto insurance rates significantly.

Based on the figures above, using a $250 deductible will cost in the ballpark of $30 more each month or $360 annually averaged for all Equinox models than opting for the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 25 months between claims, you would come out ahead if you elect the higher deductible.

The example below illustrates how your deductible choice and can change Chevy Equinox insurance rates for different age groups. Data assumes a single female driver, full coverage, and no discounts are taken into consideration.

Lower the Price of Auto Insurance with These Tips

Multiple criteria are part of the calculation when you quote your car insurance policy. Some are obvious like an MVR report, but others are not quite as obvious like your continuous coverage and annual miles driven.

• Accidents are costly - Only having one moving violation could increase your next policy renewal by as much as thirty percent. Attentive drivers pay lower auto insurance prices as compared to those with violations. Drivers who have received severe violations like DUI or willful reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.

  The chart below illustrates how violations and at-fault fender-benders can impact Chevy Equinox yearly insurance costs for different insured age categories. The data assumes a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

• Women tend to be lower risk - Statistics show women tend to be less risk to insure than men. However, this does not mean males are worse at driving than females. Men and women cause accidents in similar percentages, but guys tend to have higher claims. Men also statistically get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers generally have the highest accident percentage so they pay the highest premiums.

  The diagram below compares Chevy Equinox car insurance rates for male and female drivers. The data is based on no claims or violations, full physical damage coverage, $100 deductibles, marital status is single, and no discounts are taken into consideration.
• High insurance claims frequency drives up auto insurance rates - If you tend to file frequent claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance companies in Maryland generally give lower rates to drivers that do not abuse their auto insurance. Your insurance policy is intended for claims that pose a financial burden.
• Does your occupation raise your premiums? - Did you know your auto insurance rates can be affected by your occupation? Careers such as doctors, business owners, and accountants generally have higher premiums than the average policyholder attributed to intense work situations and long work days. On the flip side, careers like professors, students and performers generally pay rates lower than average.
• Higher comp and collision deductibles are cheaper - The deductibles state the amount of money you are willing to pay in the event of a claim. Insurance for physical damage, aka comp and collision, protects your car from damage. A few examples of covered claims would be collision with another vehicle, fire damage, and damage caused by road hazards. The more of the claim you have to pay, the less your company will charge you for insurance.
• Being married can save on auto insurance - Being married may earn you lower rates on your auto insurance policy. It translates into being less irresponsible it has been statistically shown that drivers who are married are more cautious.
• Only buy extra policy coverages you need - Policies have additional coverages that may not really be needed when buying auto insurance. Add-on coverages like rental car coverage, death and dismemberment, and membership fees may be wasting your money. The coverages may be enticing when deciding what coverages you need, but your money might be better spent on other coverage so remove them from your policy.

• Insurance loss probability for a Chevy Equinox - Auto insurance companies use claims history to calculate a price that offsets possible losses. Vehicles that tend to have a higher amount or frequency of claims will have a higher cost to insure.

  The table below outlines the compiled insurance loss statistics for Chevy Equinox vehicles. For each type of coverage, the claim amount for all vehicles averaged together is considered to be 100. Numbers under 100 represent a good loss history, while percentage values above 100 indicate a higher chance of having a claim or tendency to have higher losses.

  Auto Insurance Loss Data for Chevrolet Equinox Models

  Vehicle 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

Why you need to buy insurance

Even though Baltimore Equinox insurance rates can get expensive, maintaining insurance is not optional due to several reasons.

• The majority of states have mandatory insurance requirements which means you are required to carry specific limits of liability in order to drive the car legally. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you bought your Chevy Equinox with a loan, most banks will make it mandatory that you carry insurance to guarantee loan repayment. If the policy lapses, the bank may insure your Chevy for a much higher rate and require you to reimburse them the higher premium.
• Insurance preserves both your assets and your Chevy Equinox. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage also covers legal expenses if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of having insurance greatly outweigh the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying more than $855 a year so smart consumers compare quotes at every policy renewal to be sure current rates are still competitive.