Finding cheaper prices for Chevy Equinox insurance in Fort Wayne can be frustrating for drivers who are new to comparing rates online. With more and more companies competing online, it can easily become a burden to find a more affordable company.
It goes without saying that auto insurance companies don’t want you to look for cheaper rates. Drivers who shop around for cheaper rates will, in all likelihood, buy a new policy because of the high probability of getting low-cost coverage. A recent survey discovered that consumers who faithfully checked for cheaper rates saved approximately $70 a month compared to those who never compared prices.
If finding the cheapest price for insurance is your target objective, knowing how to quote prices and compare cheaper coverage can save money and time.
You need to check insurance prices every six months because insurance rates trend upward over time. If you had the lowest premium rates on Chevy Equinox insurance in Fort Wayne two years ago you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because you’re going to get a crash course in one of the quickest ways to lower your annual insurance bill.
Just keep in mind that comparing a large number of companies helps improve the odds of finding the best price. Not every company does online price quotes, so it’s necessary to compare price quotes from those companies as well.
The providers in the list below are ready to provide quotes in Fort Wayne, IN. If you want the cheapest auto insurance in Fort Wayne, we suggest you compare several of them in order to find the most competitive rates.
These discounts can reduce Chevy Equinox insurance rates
Some insurers do not advertise all discounts in a way that’s easy to find, so the below list has a few of the more common and also the more inconspicuous discounts that you can inquire about if you buy Fort Wayne auto insurance online.
- Memberships – Being in a professional or civic organization can get you a small discount on your bill.
- Auto/Home Discount – When you combine your home and auto insurance with one insurance company you could earn a discount of up to 20% and get you cheaper Equinox insurance.
- Discount for Low Mileage – Fewer annual miles on your Chevy can earn discounted insurance rates on garaged vehicles.
- Driver’s Ed – Teen drivers should enroll and complete driver’s education in school.
- Life Insurance Discount – Not all companies offer life insurance, but some may give you a lower insurance rate if you buy some life insurance in addition to your auto policy.
- Discount for Swiching Early – Select insurance companies give a discount for buying a policy early. This discount can save up to 10%.
- Safety Restraint Discount – Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off PIP or medical payments premium.
- Discounts for Federal Employees – Employees or retirees of the government may qualify for a discount when you quote Fort Wayne auto insurance with some insurance companies.
- Passive Restraints – Factory air bags or motorized seat belts may qualify for discounts of more than 20%.
- Save with More Vehicles Insured – Purchasing coverage when you have all your vehicles with the same company can reduce the rates for all insured vehicles.
You can save money using discounts, but some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
The example below compares Chevy Equinox annual premium costs with and without some available policy discounts. The data assumes a female driver, no claims or driving violations, Indiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-policy, multi-car, and homeowner discounts applied.
If you would like to view insurance companies that can offer you the previously mentioned discounts in Indiana, click here to view.
Chevy Equinox coverage statistics
The rate table shown below showcases detailed analysis of insurance policy prices for Chevy Equinox models. Having knowledge of how insurance quotes are determined can help drivers make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $240 | $450 | $380 | $22 | $114 | $1,206 | $101 |
| Equinox LT 2WD | $240 | $450 | $380 | $22 | $114 | $1,206 | $101 |
| Equinox LS AWD | $240 | $450 | $380 | $22 | $114 | $1,206 | $101 |
| Equinox LT AWD | $240 | $450 | $380 | $22 | $114 | $1,206 | $101 |
| Equinox LTZ 2WD | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| Equinox LTZ AWD | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| Equinox LTZ AWD | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Estimates do not factor in specific Fort Wayne garaging location which can alter price quotes significantly.
Physical damage deductibles
One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The following insurance rates may help to illustrate how much more you’ll pay when you buy lower versus higher policy deductibles. The first set of rates uses a $100 deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| Equinox LT 2WD | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| Equinox LS AWD | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| Equinox LT AWD | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| Equinox LTZ 2WD | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| Equinox LTZ AWD | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| Equinox LTZ AWD | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $134 | $230 | $280 | $16 | $84 | $744 | $62 |
| Equinox LT 2WD | $134 | $230 | $280 | $16 | $84 | $744 | $62 |
| Equinox LS AWD | $134 | $230 | $280 | $16 | $84 | $744 | $62 |
| Equinox LT AWD | $134 | $230 | $280 | $16 | $84 | $744 | $62 |
| Equinox LTZ 2WD | $152 | $270 | $280 | $16 | $84 | $802 | $67 |
| Equinox LTZ AWD | $152 | $270 | $280 | $16 | $84 | $802 | $67 |
| Equinox LTZ AWD | $152 | $270 | $280 | $16 | $84 | $802 | $67 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Table data does not factor in your specific Fort Wayne location which can increase or decrease premium rates greatly.
We can derive from the above data that using a $100 deductible costs about $30 more each month or $360 each year across all Chevrolet Equinox models than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 30 months between claim filings, you would probably come out ahead if you opt for a higher deductible. Here is how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $94 |
| Average monthly premium for $1,000 deductibles (subtract): | – $64 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 30 months |
The information below highlights how deductible choice and can influence Chevy Equinox insurance rates for each different age group. The data assumes a single male driver, full coverage, and no policy discounts are applied.
The Chevy Equinox Insurance Rate Equation
Lots of factors are considered when you get your auto insurance bill. Most are fairly basic like your driving record, although others are not as apparent like your vehicle usage and annual miles driven. Smart consumers have a good feel for a few of the rating criteria that are used to determine your premiums. When you understand what determines premiums, this helps enable you to make changes that could result in lower premium levels.
The following are a few of the “ingredients” that factor into your rates.
Save money by having multiple policies – Most major auto insurance companies apply better rates to people who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, it’s in your best interest to compare other company rates to guarantee you are still saving the most. You may still save money by splitting coverages up.
Lower premiums for vehicles with better crash test results – Vehicles with high crash test scores are cheaper to insure. Safe vehicles have better occupant injury protection and better occupant protection means lower claim amounts which can result in lower premiums. If your Chevy Equinox scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
Premiums also based on gender – Statistics show that women are safer drivers than men. However, don’t assume that males are worse at driving than females. Women and men tend to get into fender benders at about the same rate, but the males tend to have more serious accidents. Not only that, but men also get higher numbers of serious violations like DWI (DUI) or reckless driving. Youthful male drivers tend to get in the most accidents and thus pay the highest rates.
The example below shows the difference between Chevy Equinox insurance rates for male and female drivers. The data assumes no claims or driving violations, comp and collision included, $250 deductibles, drivers are single, and no policy discounts are applied.
Low physical damage deductibles can be expensive – The deductibles are the amount of money the insured will be required to pay before your auto insurance pays a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Examples of covered claims are colliding with a stationary object, hail damage, and having a roll-over accident. The more money you’re willing to pay, the less money you will pay for auto insurance.
Age of drivers – Mature drivers tend to be more responsible, file fewer claims, and receive fewer citations. Beginning drivers have a tendency to be careless and easily distracted when driving and because of this, their auto insurance rates are much higher.
The following chart assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
Better drivers pay the best costs – Having a clean driving record impacts premiums far more than you think. Having just one citation may increase your cost forty percent or more. Good drivers have lower premiums than people who have multiple driving citations. Drivers with license-revoking violations like reckless driving, hit and run or driving under the influence may find that they have to to maintain a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.
The chart below illustrates how speeding tickets and fender-benders raise Chevy Equinox car insurance rates for each age group. The premiums are based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
Eliminate unneeded add-on coverages – There are a ton of extra coverages that sound like a good idea at the time on your auto insurance policy. Things like personal injury protection, accidental death, and membership fees may be costing you every month. They may seem good when discussing your needs, but if you don’t need them eliminate the coverages to reduce your premium.
Premiums are affected by your credit rating – A driver’s credit score is a big factor in calculating your premium rate. Drivers with very high credit ratings tend to file fewer claims and have better driving records as compared to drivers with lower credit scores. So if your credit history can be improved, you may save money insuring your Chevrolet Equinox by spending a little time repairing your credit.
Chevy Equinox insurance loss statistics – Insurers include the past claim trends for vehicles to help calculate premium rates. Models that tend to have higher prevalence or dollar amount of losses will have a higher premium rate.
The next table illustrates the historical loss data for Chevy Equinox vehicles. For each coverage category, the claim amount for all vehicles, as a total average, is represented as 100. Values that are below 100 are indicative of better than average losses, while percentages above 100 indicate more frequent claims or tendency to have higher losses.
| 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 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Are car insurance agents obsolete?
Certain consumers just prefer to have an agent’s advice and there is nothing wrong with that. An additional benefit of getting free rate quotes online is the fact that you can find better rates and still choose a local agent.
After completing this form (opens in new window), your insurance data is sent to local insurance agents that can give you free Fort Wayne auto insurance quotes to get your business. You won’t even need to contact an agency because quoted prices will be sent instantly to you. You can most likely find cheaper rates and an insurance agent to talk to. In the event you want to get a price quote from a specific insurance company, feel free to search and find their rate quote page and submit a quote form there.
Picking the best insurer needs to be determined by more than just the bottom line cost. Ask your prospective agent these questions:
- How many companies do they write for?
- Is the agent and/or agency licensed to do business in Indiana?
- Can you choose the body shop in case repairs are needed?
- Do they see any coverage gaps in your plan?
- Will you work with the agent or an assistant?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
If you want a local agent, it’s helpful to know the different types of agencies that you can select. Insurance agencies in Fort Wayne are either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agents
Agents that elect to be exclusive normally can only provide a single company’s rates and examples are State Farm or Allstate. Exclusive agents cannot give you multiple price quotes so you might not find the best rates. Exclusive insurance agents receive extensive training on sales techniques which helps overcome the inability to quote other rates. Consumers sometimes use the same agent mostly because of the prominence of the brand rather than having low rates.
Shown below is a short list of exclusive agencies in Fort Wayne that are able to give price quotes.
- Allstate Insurance: Jeffrey W Griggs
4340 Maplecrest Rd – Fort Wayne, IN 46815 – (260) 486-3883 – View Map - Melissa Satterthwaite – State Farm Insurance Agent
7757 Coldwater Rd – Fort Wayne, IN 46825 – (260) 489-5503 – View Map - Allstate Insurance: Paul Michaylo
2416 Getz Rd – Fort Wayne, IN 46804 – (260) 459-1700 – View Map
Independent Insurance Agents
Independent agencies do not work for one specific company and that enables them to quote your coverage with an assortment of companies and possibly get better coverage at lower prices. If you are not satisfied with one company, your agent can just switch to a different company and you don’t have to switch agencies.
When shopping rates, it’s recommended you get rate quotes from at least one independent agent to get the best comparison. A lot of them also have access to small regional insurance companies which can be an advantage.
Shown below are independent insurance agencies in Fort Wayne that are able to give comparison quotes.
- Real Estate Agents Health Insurance Direct
8411 Clinton Park Dr – Fort Wayne, IN 46825 – (855) 343-7344 – View Map - Jackson Insurance Agency
809 S Calhoun St #308 – Fort Wayne, IN 46802 – (260) 434-0352 – View Map - Nationwide Insurance: Thompson Insurance and Financial Services Inc
10355 Dawsons Creek Blvd A – Fort Wayne, IN 46825 – (260) 347-4722 – View Map
If you get good responses to any questions you have in addition to an acceptable price estimate, it’s a good possibility that you have found an auto insurance agent that is reputable and can properly service your auto insurance policy. Keep in mind you can always cancel your coverage at any point so never assume you are locked into any particular company with no way out.
Smart shoppers get results
Budget-conscious Chevy Equinox insurance can be sourced from both online companies as well as from independent agents in Fort Wayne, and you should compare price quotes from both to have the best rate selection. Some insurance companies may not have online price quotes and most of the time these smaller companies prefer to sell through local independent agencies.
While you’re price shopping online, it’s not a good idea to reduce needed coverages to save money. There have been many situations where an insured cut full coverage only to discover later they didn’t have enough coverage. Your objective should be to buy a smart amount of coverage for the lowest price, but don’t skip important coverages to save money.
We just covered a lot of ways to compare Chevy Equinox insurance auto insurance rates in Fort Wayne. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your premium rates. You may even discover the biggest savings come from the smaller companies.
Steps to finding affordable Chevy Equinox insurance in Fort Wayne
Truthfully, the best way to find low-cost prices for Chevy Equinox insurance is to compare prices regularly from companies who sell auto insurance in Fort Wayne. Rates can be compared by completing these steps.
- Step 1: Learn about the different coverages in a policy and the modifications you can make to keep rates in check. Many risk factors that result in higher prices such as high-risk driving behaviors and an unfavorable credit rating can be eliminated by making minor changes to your lifestyle.
- Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from one company like Progressive or State Farm, while independent agencies can give you price quotes from many different companies. Start a quote
- Step 3: Compare the new rates to your existing coverage and determine if there is any savings. If you can save money and buy the policy, ensure coverage does not lapse between policies.
One key aspect when comparing rates is that you use identical coverage information on every price quote and and to compare as many carriers as you can. This enables a fair price comparison and a better comparison of the market.
Additional learning opportunities
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