Do you get exhausted from not being able to afford to keep your car insured? You're in the same situation as the majority of other vehicle owners in North Dakota.
It's hard to believe, but a large majority of drivers kept their coverage with the same car insurance company for over three years, and approximately 38% of consumers have never shopped around. The average driver in North Dakota could save about 40% each year by just shopping around, but they don't want to spend time to shop around. Lots of insurance companies contend for your insurance dollar, so it can be very hard to choose a insurance company and uncover the absolute lowest cost out there.
It's a great practice to compare rates occasionally since prices fluctuate regularly. Even if you think you had the lowest rates on Chevy Equinox insurance in Fargo last year there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you're about to learn the tricks you need to know to buy cheaper Chevy Equinox insurance in Fargo.
Best companies for Chevy Equinox insurance
The auto insurance companies shown below are our best choices to provide comparison quotes in North Dakota. If multiple providers are shown, it's highly recommended you click on several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$200||$390||$284||$16||$86||$976||$81|
|Equinox LT 2WD||$182||$336||$290||$18||$88||$914||$76|
|Equinox LS AWD||$142||$286||$366||$22||$110||$926||$77|
|Equinox LT AWD||$224||$446||$394||$24||$118||$1,206||$101|
|Equinox LTZ 2WD||$254||$524||$394||$24||$118||$1,314||$110|
|Equinox LTZ AWD||$282||$626||$394||$24||$118||$1,444||$120|
|Equinox LTZ AWD||$302||$464||$396||$24||$118||$1,304||$109|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Dakota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price information does not factor in Fargo location which can increase or decrease auto insurance rates substantially.
The example below demonstrates how choosing different deductibles and can change Chevrolet Equinox yearly insurance costs for different age groups. The price estimates are based on a single female driver, full coverage, and no discounts are applied.
Rate difference between full and liability-only coverage
The diagram below shows the comparison of Chevrolet Equinox insurance prices with full coverage compared to only the North Dakota minimum liability coverage. Data assumes a clean driving record, no claims, $250 deductibles, single female driver, and no additional discounts are factored in.
Are you wasting money on full coverage?
There is no definitive rule for excluding full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let's say your Chevrolet Equinox replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $8,000 after paying your deductible. If you are paying more than $800 annually for full coverage, then you may need to consider dropping full coverage.
There are some circumstances where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Why You Might Pay Increased Rates in Fargo
An important part of buying insurance is that you know a few of the rating criteria that aid in calculating your auto insurance rates. If you have a feel for what determines premiums, this empowers consumers to make smart changes that could result in cheaper rates. Lots of things are taken into consideration when quoting car insurance. Some factors are common sense such as traffic violations, but other criteria are more transparent like your continuous coverage or how financially stable you are.
Shown below are most of the major factors companies use to determine prices.
Better auto insurance rates with anti-theft devices - Choosing a vehicle with an alarm system can help lower your premiums. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms all hinder auto theft and help lower rates.
Cheaper prices with safer cars - Vehicles with good safety scores tend to have lower insurance rates. Safe vehicles reduce the chance of injuries and better occupant protection translates into savings for insurance companies which can mean better rates for you.
Liability insurance - Your auto insurance policy's liability coverage is the protection if ever you are ruled to be at fault for causing personal injury or damage in an accident. Your policy's liability insurance provides legal defense coverage to attempt to prove you were not liable. This coverage is very inexpensive compared to comp and collision, so insureds should have plenty of protection for their assets.
Location can influence price - Residing in a small town is a good thing when shopping for auto insurance. Fewer drivers means a lower chance of having an accident and lower theft and vandalism rates. Drivers who live in large North Dakota cities have to deal with more road rage incidents and more time behind the wheel. The longer drive time statistically corresponds to a higher accident and claim rate.
Chevy Equinox insurance claim data - Companies include the past claim history for a vehicle to calculate a rate that will offset any claims. Vehicles that tend to have higher loss trends will cost more to insure. The table below shows the loss history for Chevy Equinox vehicles.
For each policy coverage type, the statistical loss for all vehicles combined as an average is a value of 100. Values under 100 suggest a positive loss record, while percentage numbers above 100 indicate more frequent losses or statistically larger claims.
Insurance Loss Ratings for Chevrolet Equinox Vehicles
|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|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Slash rates with these discounts on Chevy Equinox insurance in Fargo
Auto insurance is not cheap nor is it fun to buy but you may find discounts that can help lower your rates. A few discounts will be applied at the time of purchase, but some may not be applied and must be specifically requested before being credited.
- Online Discount - Some of the larger companies will give you a small discount shop Fargo car insurance on the internet.
- Anti-lock Brake System - Vehicles equipped with ABS or steering control can avoid accidents so you can save 10 percent or more.
- Drive Less and Save - Low annual miles can qualify you for better premium rates on cars that stay parked.
- Driver Education Discount - Require your teen driver to enroll in driver's education in school or through a local driver safety program.
- Discounts for Multiple Vehicles - Buying a policy with multiple cars or trucks on one policy may reduce the rate for each vehicle.
- Claim Free - Drivers who don't have accidents can save substantially as compared to drivers who are more careless.
It's important to note that most of the big mark downs will not be given to the entire policy premium. Most only apply to specific coverage prices like medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, companies don't profit that way.
The best auto insurance companies and a partial list of their discounts are:
- American Family has discounts for multi-vehicle, good student, accident-free, good driver, and early bird.
- State Farm offers premium reductions for multiple autos, Steer Clear safe driver discount, multiple policy, anti-theft, good student, and Drive Safe & Save.
- 21st Century may have discounts that include early bird, anti-lock brakes, defensive driver, teen driver, and good student.
- Travelers offers discounts including student away at school, multi-policy, early quote, hybrid/electric vehicle, and payment discounts.
- GEICO may offer discounts for good student, emergency military deployment, defensive driver, military active duty, federal employee, membership and employees, and anti-lock brakes.
Double check with all companies you are considering the best way to save money. All car insurance discounts may not apply to policies in your area. For a list of insurance companies who offer online Chevy Equinox insurance quotes in Fargo, click this link.
Auto insurance agents are professional risk managers
Some people just want to sit down and talk to an agent and we recommend doing that Professional agents can help determine the best coverages and will help you if you have claims. One of the great benefits of getting free rate quotes online is you can get cheap auto insurance quotes and also buy local.
To find an agent, once you fill out this short form, your coverage information is transmitted to local insurance agents who can give free rate quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to visit any agencies since price quotes are sent to your email. If for some reason you want to compare rates from a specific company, just go to their quote page and submit a quote form there.
Deciding on an insurance company should include more criteria than just the bottom line cost. Before buying a policy in Fargo, get answers to these questions.
- Are they paid to recommend certain coverages?
- Where would glass claims be handled in Fargo?
- Are claims handled at the agent's location?
- Do they see any coverage gaps in your plan?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Do they regularly work with personal auto policies in Fargo?
- How long has the business existed?
- When do they do policy reviews?
Exclusive or Independent: There is a difference
If you're trying to find local Fargo agents, it can be helpful to understand the different agency structures that differ in how they can insure your vehicles. Auto insurance agencies can be categorized as either exclusive or independent (non-exclusive). Both sell affordable auto insurance policies, but it's good to learn the differences because it can impact the selection process.
Exclusive Insurance Agencies
Agents that elect to be exclusive can only place business with one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents are unable to provide prices from multiple companies so it's a take it or leave it situation. Exclusive agencies are very knowledgeable on their company's products which helps them compete with independent agents.
Listed below are exclusive agencies in Fargo willing to provide rate quotes.
Lyle Songstad - State Farm Insurance Agent
1401 32nd St S - Fargo, ND 58103 - (701) 235-0123 - View Map
Agents of this type are not employed by one company and that enables them to quote your coverage with an assortment of companies and possibly get better coverage at lower prices. If you want to switch companies, they simply move your policy to a different company which requires no work on your part. When shopping rates, you need to get quotes from independent agents to get the best comparison.
The following is a short list of independent agents in Fargo that can give you price quote information.
Which is the best auto insurance?
When choosing coverage, there is no cookie cutter policy. Your needs are unique to you so your insurance needs to address that. These are some specific questions might help in determining whether you might need professional guidance.
- Is pleasure use cheaper than using my Chevy Equinox to commute?
- Do I pay less if my vehicle is kept in my garage?
- What does medical payments coverage do?
- What states are considered no-fault?
- Is my teen driver covered when they drive my company car?
- I have good health insurance, so how much medical payments coverage do I need?
- Does every company file a SR-22 automatically?
- Can good grades get a discount?
- Should I buy more coverage than the required North Dakota minimum liability coverage?
If you don't know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can help protect your family.
Frequent quotes can save
As you quote Fargo car insurance, it's a bad idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice liability coverage limits only to regret that it was a big error on their part. The proper strategy is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.
In this article, we presented many ways to lower your Chevy Equinox insurance premium rates in Fargo. The key thing to remember is the more price quotes you have, the better likelihood of getting affordable Fargo car insurance quotes. Consumers could even find that the lowest premium rates are with the smaller companies. These companies can often provide lower prices in certain areas compared to the large companies like Allstate or State Farm.
Additional detailed information is available in these articles:
- Distracted Driving (Insurance Information Institute)
- What Car Insurance is Cheapest for Nurses in North Dakota? (FAQ)
- What is the Best Cheap Auto Insurance in Jamestown, North Dakota? (FAQ)
- Who Has Affordable North Dakota Auto Insurance for Real Estate Agents? (FAQ)
- Who Has Cheap North Dakota Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
- Who Has the Cheapest North Dakota Auto Insurance Rates for a Honda Pilot? (FAQ)
- Collision Coverage (Liberty Mutual)
- Side Impact Crash Tests (iihs.org)
- State Car Insurance Guides (GEICO)