Buying economical coverage for a Chevrolet Equinox can be really easy, but it is dependent upon a pretty complex algorithm that uses a lot of factors such as whether you are male or female, your address, and any prior driving citations you have received. Drivers in Ohio pay around $732 each year to insure their Equinox, but that amount is based on a 40-year-old single female driver with full physical damage coverage and $500 deductibles.
When projecting a rate like this, the problem is that you aren’t exactly 40 years old or even a female, maybe you are married instead of single, and maybe you want higher deductibles. This shows why the only way to find the most affordable coverage for your Chevrolet is to compare rates from as many companies as possible.
The specific trim level will influence the cost of insurance, so the rate you pay to insure a Equinox LS 2WD trim level will be $66 cheaper than the insurance cost for the higher-priced Equinox LTZ AWD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$136||$270||$296||$18||$88||$808||$67|
|Equinox LT 2WD||$136||$270||$296||$18||$88||$808||$67|
|Equinox LS AWD||$136||$270||$296||$18||$88||$808||$67|
|Equinox LT AWD||$136||$270||$296||$18||$88||$808||$67|
|Equinox LTZ 2WD||$154||$318||$296||$18||$88||$874||$73|
|Equinox LTZ AWD||$154||$318||$296||$18||$88||$874||$73|
|Equinox LTZ AWD||$154||$318||$296||$18||$88||$874||$73|
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Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rates do not factor in specific location which can revise rates considerably.
Insuring your vehicle with the highest-rated company can be challenging considering how many companies provide coverage in Ohio. The company ratings displayed below could help you pick which auto insurers to look at purchasing from. These rankings are only comprised of large, nationwide insurance companies, so smaller companies that only insure vehicles in Ohio will not be included in these rankings.
Top 10 Major Car Insurance Companies in Cincinnati Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Top 10 Major Car Insurance Companies in Cincinnati Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Liberty Mutual
- Erie Insurance
The illustration below illustrates how your deductible choice can increase or decrease insurance costs when getting quotes for cheap insurance for a Chevrolet Equinox. The costs are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could lower their policy premium by $214 a year by changing from a $100 deductible up to a $500 deductible, or save $324 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, can cut $548 annually by using higher deductibles when buying full coverage. If you do raise deductibles, it is necessary to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Here’s why you should shop around
Ohio car insurance rates are calculated based on many things that may substantially change the price you have to pay for coverage. Turning one year older, buying a new vehicle, or getting a few speeding tickets may prompt premium changes that can now make some companies much cheaper than others.
Not only may things change on your end, but insurance companies modify rates at least once a year to help ensure profitability. Heavier than normal losses can cause more expensive prices, while a lower level of claims can cause cheaper Equinox insurance rates.
As an example, the graph below shows a variety of companies that have the cheapest car insurance in Cincinnati, OH for a 45-year-old male driver with no accidents or violations, and a decent credit rating. Based on his personal risk profile, Utica National has the cheapest car insurance rates in Cincinnati at $788 each year. This is $252 less than the average premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and USAA are the rest of the best Cincinnati, OH auto insurance companies.
The chart below compares rates after we give the driver from above a couple of claims, poor credit, and a traffic citation. Since every car insurance company has a unique formula to set policy rates, comparing prices may now result in a different set of affordable companies as shown below.
Cincinnati Insurance now has the lowest price in Cincinnati with Merchants Insurance Group, General Casualty, Motorists Mutual, and Grange Mutual also having competitive pricing. This example demonstrates why it is important to do a thorough rate comparison to get cheap insurance rates for a Chevrolet Equinox.
Insurance prices are influenced by many different factors and can increase or decrease at any time, so the cheapest option three years ago may now cost much more than other companies.
The insurance agents in Cincinnati listed below can most likely help you make a decision which auto insurance policy fits you best, as some drivers wish to get some help when buying car insurance for a Chevrolet Equinox. It’s not always easy to do it yourself, so getting professional guidance from a licensed agent can provide you satisfaction knowing you have sufficient protection if you have a claim. To locate a Cincinnati car insurance agency near you, click the button at the bottom of the list or click here to compare rates now.
Mike Schweppe – State Farm Insurance Agent
5956 Glenway Ave – Cincinnati, OH 45238 – (513) 922-1442
Bob Donnelly – State Farm Insurance Agent
2063 Beechmont Ave – Cincinnati, OH 45230 – (513) 231-4975
Ken Kunkel – State Farm Insurance Agent
6708 Cheviot Rd – Cincinnati, OH 45247 – (513) 385-6667