Buying cheaper coverage for a Chevrolet Equinox in Wisconsin is pretty straightforward, but it hinges on a pretty complex algorithm that uses a lot of factors such as your financial responsibility, if you have a tendency to file claims, and violations on your driving record. Drivers will pay around $698 each year for Equinox insurance, but that is calculated based on a 30-year-old single female driver with both comprehensive and collision coverage and $1,000 deductibles.
There is a good probability you’re not a 30-year-old female, possibly married instead of single, or maybe you have a teen driver on your policy that needs to be considered. Having the smallest difference in policy rating criteria or coverages can result in a large change in the cost of insuring your Equinox.
There is no perfect policy for every driver, so the only real way to find the cheapest rates for your Chevrolet is to do the rate comparisons yourself. In less than five minutes you can get rates from some of the most affordable companies around.
The specific trim level can impact the annual cost of coverage, so the cost to insure a Equinox LS 2WD will be $56 less than the insurance cost for the fancier Equinox LTZ AWD model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Equinox LS 2WD | $122 | $232 | $310 | $18 | $92 | $774 | $65 |
| Equinox LT 2WD | $122 | $232 | $310 | $18 | $92 | $774 | $65 |
| Equinox LS AWD | $122 | $232 | $310 | $18 | $92 | $774 | $65 |
| Equinox LT AWD | $122 | $232 | $310 | $18 | $92 | $774 | $65 |
| Equinox LTZ 2WD | $138 | $272 | $310 | $18 | $92 | $830 | $69 |
| Equinox LTZ AWD | $138 | $272 | $310 | $18 | $92 | $830 | $69 |
| Equinox LTZ AWD | $138 | $272 | $310 | $18 | $92 | $830 | $69 |
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can impact coverage prices substantially.
Locating affordable insurance is not most people’s favorite thing to do, and figuring out which company quotes the most affordable auto insurance rates for a Chevrolet Equinox calls for even more work.
Each company has their own guidelines to set their prices, so let’s take a look at the most budget-friendly auto insurance companies in Milwaukee, WI. It’s important to know that Milwaukee auto insurance rates are determined by lots of factors which can substantially change the cost of a policy. Things like having a birthday, getting divorced, or having a fender bender may prompt premium changes resulting in some rates now being more expensive than others.
Best Auto Insurance Prices for Your Equinox
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $604 |
| 2 | Partners Mutual | $608 |
| 3 | Erie | $696 |
| 4 | Nationwide | $752 |
| 5 | Rockford Mutual | $754 |
| 6 | Pekin Insurance | $768 |
| 7 | Integrity Mutual | $770 |
| 8 | Rural Mutual Insurance | $772 |
| 9 | Western National | $801 |
| 10 | Travelers | $804 |
| 11 | West Bend Mutual | $917 |
| 12 | The Hartford | $922 |
| 13 | State Farm | $923 |
| 14 | General Casualty | $926 |
| 15 | Auto Club Group | $948 |
| 16 | American Family | $1,125 |
| 17 | Progressive | $1,130 |
| 18 | Farmers | $1,141 |
| 19 | Auto-Owners | $1,160 |
| 20 | GEICO | $1,238 |
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USAA may have some of the cheapest car insurance rates in Milwaukee at around $604 each year. Partners Mutual, Erie, Nationwide, and Rockford Mutual also make the cut as some of the most economical Milwaukee, WI auto insurance companies.
As the example above demonstrates, if you currently have a policy with Erie and switched to USAA, you might realize savings of in the neighborhood of $92. Insureds with Nationwide could save as much as $148 a year, and Rockford Mutual policyholders might reduce rates by $150 a year.
Remember that these prices are averages for all drivers and vehicles and and are not calculated with a vehicle location for a Chevrolet Equinox. So the insurer that is best suited for you may not even be in the top 30 companies in the list above. That affirms the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
Poor driving habits will raise your auto insurance rates
The recommended way to obtain good auto insurance premiums for an Equinox is to pay attention while driving and avoid accidents and traffic violations. The chart below illustrates how violations and at-fault accidents raise insurance premiums for different ages of insureds. The data is based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
In the previous chart, the average cost of car insurance in Wisconsin per year with no violations or accidents is $1,344. Receive one speeding ticket and the average cost increases to $1,540, an increase of $197 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for a Chevrolet Equinox goes up to an average of $3,198. That’s an increase of $1,854, or $155 per month, just for not paying attention while driving!
A good deal can quickly turn bad
Wisconsin auto insurance rates are influenced by many factors that can increase the price of your policy. Getting older, buying a home instead of renting, or getting into an accident may prompt premium changes that may make certain companies cheaper than competitors.
Additionally, insurance companies amend pricing every year in order to be able to pay unexpected claims. Significantly higher losses can result in rate increases, while profitable underwriting may result in cheaper Equinox insurance rates.
To help illustrate this point, the bar chart below shows rates for the cheapest car insurance in Milwaukee, WI for a 40-year-old male driver with no prior claims, no tickets, and good credit. If we estimate prices based on his current risk profile, USAA quotes the lowest car insurance rates in Milwaukee at $879 a year. This is $282 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are the rest of the best Milwaukee, WI auto insurance companies.
Let’s now give the driver from the first set of rates a claim or two, a lower credit score, and a couple of points charged on his driving record. Since each auto insurance company has their own formula for setting prices, comparing rates could now result in a different list of the cheapest car insurance companies in Milwaukee as shown below.
Western National now has the cheapest insurance rate in Milwaukee with Rural Mutual Insurance, Integrity Mutual, Travelers, and Partners Mutual also having competitive pricing. This illustrates why it is important to do a thorough rate comparison to get the lowest auto insurance quotes for a Chevrolet Equinox.
Auto insurance prices are calculated by many risk factors and can change without notice, so the most economical company the last time you compared rates may now not even be in the top five.