How Much is Car Insurance for a Chevrolet Equinox in Cleveland?

Buying the best cheap car insurance for a Chevrolet Equinox in Ohio hinges on a complicated formula that considers factors such as whether you use your Equinox for business use, if you have recent claims, and your choice of deductibles. Ohio drivers pay on average $730 a year to insure their Equinox, but that figure is a projection calculated based on a 50-year-old single male driver with full comprehensive and collision coverage and $250 deductibles.

This brings up the issue that more than likely you may not be 50 years old (or even male), possibly married instead of single, or maybe you just want liability only instead of full coverage. This shows why the only way to find affordable rates for your Chevrolet is to just take the time to compare rates yourself. Price quotes are quick and you can get prices from top-rated companies around.

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Vehicle trim level has an effect on the cost of insurance, so the price you will pay to insure a Equinox LS 2WD trim level will be $74 less than the insurance cost for the higher-priced Equinox LTZ AWD model, as shown in the prices below.

Chevrolet Equinox Insurance Rates in Cleveland, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $150 $304 $256 $16 $76 $802 $67
Equinox LT 2WD $150 $304 $256 $16 $76 $802 $67
Equinox LS AWD $150 $304 $256 $16 $76 $802 $67
Equinox LT AWD $150 $304 $256 $16 $76 $802 $67
Equinox LTZ 2WD $170 $358 $256 $16 $76 $876 $73
Equinox LTZ AWD $170 $358 $256 $16 $76 $876 $73
Equinox LTZ AWD $170 $358 $256 $16 $76 $876 $73
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific location which can revise prices greatly.

Insurance company ratings

Choosing the top insurance provider can be rather challenging considering how many choices drivers have in Ohio. The company rank data in the next section can help you analyze which coverage providers to look at purchasing from. These ratings are only comprised of large nationwide companies, so companies that have a smaller presence are not factored into this list.

Top 10 Large Auto Insurance Companies in Cleveland Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

Top 10 Large Auto Insurance Companies in Cleveland Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. GEICO
  7. AAA Insurance
  8. Safeco Insurance
  9. Esurance
  10. The General

The chart below shows how choosing a deductible can affect insurance rates when researching cheap insurance for a Chevrolet Equinox. The premium estimates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

In the chart above, a 40-year-old driver could lower rates by $224 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $338 by changing to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could roll back prices $734 every year just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Why you should compare rates

Cleveland insurance rates are impacted by many things which can substantially change the cost of having a policy. Simply turning a year older, buying a new vehicle, or getting caught speeding may cause policy rate changes that can now make some companies cheaper in comparison to the competition.

Not only that, but car insurance companies amend premium rates at least once a year in order to be able to pay unexpected claims. Heavier than normal losses may cause additional premium costs, while lower claims can cause lower-cost Equinox insurance rates.

For instance, the bar chart below analyzes the cheapest car insurance in Cleveland, OH for a 35-year-old male driver with no accidents, a clean driving record, and great credit. If we look at prices based on his current situation, Utica National might offer the cheapest car insurance rates in Cleveland at $820 per year. This is $220 less than the average premium paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and Travelers round out the rest of the most affordable Cleveland, OH auto insurance companies.

Let’s now give the driver from the first rate comparison some claims, a lower credit rating, and a speeding citation. Since each insurance company uses their own calculation for determining rates, analyzing rate quotes could result in a different list of affordable companies as shown below.

Cincinnati Insurance now has the lowest price in Cleveland, OH with Merchants Insurance Group, General Casualty, Grange Mutual, and Motorists Mutual now being in the top five. This example illustrates why it is crucial to compare lots of rates to find the best insurance quotes for a Chevrolet Equinox. Auto insurance prices are determined by many things and change substantially, so the best price three years ago may now be an over-priced policy.

The agents shown below can probably aid you in deciding which coverages are best, since some drivers wish to get some professional advice when shopping around for cheaper insurance for a Chevrolet Equinox. It can be difficult to find the cheapest rate yourself, so getting advice from a licensed Ohio insurance agent can give peace of mind knowing your policy gives you enough coverage if you have a claim. To find a Cleveland insurance agent closest to you, click the link after the list or click here to compare price quotes now.

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