Want to learn the secrets to finding the cheapest Chevy Equinox insurance in Bismarck? I really doubt anyone gets a kick out of paying for auto insurance, especially when their premiums are through the roof.
Sad but true, the vast majority of consumers kept buying from the same company for at least four years, and just short of a majority have never even compared quotes to find cheaper rates. With the average auto insurance premium being $2,020, North Dakota drivers could save themselves about 40% a year, but they just don't understand how easy it is to find cheaper rates by getting comparison quotes. Popular companies such as GEICO, 21st Century and Progressive continually hit you with TV and radio ads and it can be hard to ignore the flashy ads and take the time to shop coverage around.
Smart consumers take time to do rate comparisons at least once a year because prices fluctuate regularly. Just because you had the best rate on Chevy Equinox insurance in Bismarck a few years ago a different company probably has better premium rates today. Forget anything you know (or think you know) about auto insurance because we're going to show you the right way to remove unneeded coverages and save money.
Affordable companies for Chevy Equinox insurance in North Dakota
The companies shown below have been selected to offer comparison quotes in Bismarck, ND. If multiple companies are shown, we recommend you compare several of them to find the lowest auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$212||$392||$408||$24||$122||$1,158||$97|
|Equinox LT 2WD||$184||$312||$308||$18||$92||$914||$76|
|Equinox LS AWD||$190||$318||$302||$18||$90||$918||$77|
|Equinox LT AWD||$212||$362||$312||$18||$94||$998||$83|
|Equinox LTZ 2WD||$156||$330||$394||$24||$118||$1,022||$85|
|Equinox LTZ AWD||$254||$524||$394||$24||$118||$1,314||$110|
|Equinox LTZ AWD||$196||$344||$312||$18||$94||$964||$80|
|Get Your Own Custom Quote Go|
Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Prices do not factor in your specific Bismarck location which can decrease or increase coverage rates substantially.
Yearly auto insurance costs for men versus women
The example below shows the difference between Chevrolet Equinox auto insurance costs for male and female drivers. The price estimates are based on no claims or driving violations, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no other discounts are factored in.
How high should deductibles be?
The information below illustrates how choosing a deductible and can change Chevrolet Equinox premium costs for different age groups of insureds. The premium estimates are based on a married female driver, comp and collision included, and no additional discounts are factored in.
Auto insurance policy discounts you can't miss
Auto insurance is not cheap nor is it fun to buy but there could be significant discounts that you may not even know about. Some of these discounts will be visible at the time you complete a quote, but a few need to be specifically requested in order for you to get them. If you're not getting every credit you qualify for, it's possible you qualify for a lower rate.
- Homeowners Savings - Being a homeowner may trigger a policy discount on auto insurance because of the fact that having a home requires personal responsibility.
- Good Students Pay Less - This discount may save you up to 25%. Many companies even apply the discount to college students up until you turn 25.
- Defensive Driver Discounts - Taking time to complete a safe driver course could save 5% or more and make you a better driver.
- Bundled Policy Discount - If you combine your auto and homeowners policies and insure them with the same company you will save at least 10 to 15 percent or more.
- Discounts for Safe Drivers - Drivers who avoid accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
- Membership in Organizations - Participating in qualifying employment or professional organizations is a good way to get lower rates on auto insurance.
- Resident Student - Older children who are attending college and leave their car at home may be insured at a cheaper rate.
- No Claim Discounts - Drivers with accident-free driving histories can save substantially as compared to insureds who have frequent claims or accidents.
Don't be surprised that most discounts do not apply to your bottom line cost. Most only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like it's possible to get free car insurance, nobody gets a free ride.
If you would like to choose from a list of providers offering auto insurance discounts in North Dakota, click here.
Why You Might Pay Higher Rates in Bismarck
Lots of factors are taken into consideration when pricing auto insurance. Some are obvious like a motor vehicle report, although some other factors are less apparent such as your marital status or your vehicle rating. A large part of saving on car insurance is knowing the different types of things that are used to determine car insurance rates. When consumers understand what controls the rates you pay, this allows you to make educated decisions that can help you get lower rates.
The list below includes some of the factors used by insurance companies to determine prices.
Save money by having multiple policies - Most larger insurers allow a discount to clients who have multiple policies with them. It's known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even though this discount sounds good, it's always a smart idea to compare other Bismarck Equinox insurance rates to help ensure you have the lowest rates. Drivers may still save money by splitting coverages up.
Gender matters - Statistics have proven that women are safer drivers than men. That doesn't necessarily mean that men are worse drivers. Males and females get in accidents at a similar rate, but men cause more damage. In addition to higher claims, males also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 are several times more likely to be in an accident and therefore pay the highest rates.
Pay more of a claim out-of-pocket - Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Chevy. Some coverage claims are collision with another vehicle, flood damage, or theft. Comp and collision deductibles state the amount of money the insured will be required to pay if you file a covered claim. The higher the amount the insured has to pay upfront, the less money you will pay for car insurance.
Where do you drive? - The more you drive each year the higher your rate. Almost all companies apply a rate based upon how much you drive. Cars and trucks not used for work or commuting can be on a lower rate level than vehicles that are driven to work every day. Verify your declarations sheet reflects the correct usage for each vehicle, because improper ratings can cost you money. Having the wrong rating on your Equinox can cost quite a bit.
Pay more by driving carelessly - A bad driving record has a huge affect on how much you pay. Drivers who don't get tickets pay less for auto insurance than people who have multiple driving citations. Even one speeding ticket can increase the cost of insurance substantially. Drivers who have gotten dangerous violations like DUI or willful reckless driving might be required by their state to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
Vehicle features that lower rates - Selecting a car model with anti-theft technology or alarm system can save you some money. Theft prevention features like OnStar, LoJack tracking, and tamper alarms all help stop your vehicle from being stolen.
Too many car insurance claims drive up prices - If you tend to file frequent claims, don't be surprised to see either higher rates or even cancellation. Car insurance companies in North Dakota award lower rates to insureds that do not abuse their auto insurance. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.
Chevy Equinox statistical loss data - Auto insurance companies analyze claim trends for every vehicle to help calculate a profitable premium rate. Vehicles that historically have increased claim numbers or amounts will cost more for specific coverages. The information below illustrates the compiled insurance loss statistics for Chevy Equinox vehicles.
For each type of coverage, the claim amount for all vehicles compiled together equals 100. Numbers that are below 100 are indicative of better than average losses, while values that are above 100 point to more claims or tendancy to have larger claims.
Auto Insurance Loss Data for Chevrolet Equinox Models
|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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don't give up on cheap rates
Some insurance providers do not offer rate quotes online and usually these regional insurance providers prefer to sell through independent insurance agencies. Cheaper Chevy Equinox insurance in Bismarck can be purchased both online as well as from independent agents in Bismarck, so you need to compare both to get a complete price analysis.
When shopping online for auto insurance, do not buy poor coverage just to save money. There are many occasions where an insured cut comprehensive coverage or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase plenty of coverage at a price you can afford while still protecting your assets.
More information is located on the following sites:
- Distracted Driving Extends Beyond Texting (State Farm)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Things to Know Before you Cancel Insurance (Allstate)
- Top Signs Your Brakes are Giving Out (State Farm)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)