Cheap Insurance for a Chevy Equinox in Memphis

Insurance for Chevy EquinoxFinding low-cost insurance for a Chevy Equinox in Tennessee can normally be an all-consuming task, but you can use our insurance buying tips to find lower rates. There is a better way to shop for insurance and we’ll show you the quickest way to compare rates for your Chevy and obtain the cheapest rates from Memphis insurance agents and online providers.

It’s smart to quote other rates before your next renewal because prices go up and down regularly. Just because you found the lowest rates on Chevy Equinox insurance in Memphis a couple years back other companies may now be cheaper. Forget all the misinformation about insurance because we’re going to show you the best way to save money, get proper coverage and the best rates.

The auto insurance companies shown below are ready to provide price comparisons in Tennessee. If you wish to find cheap auto insurance in Memphis, TN, we suggest you visit as many as you can to get the most competitive price.

Auto insurance is not optional

Despite the high cost of buying insurance for a Chevy Equinox in Memphis, auto insurance serves several important purposes.

The benefits of having auto insurance are definitely more than the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver overpays as much as $869 every year so compare quotes from several companies at every policy renewal to ensure rates are competitive.

Chevy Equinox coverage analysis

The rate information displayed below showcases different rate quotes for Chevy Equinox models. Understanding how policy rates are determined helps drivers make informed purchases.

Chevrolet Equinox Insurance Rates in Memphis, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $182 $304 $288 $18 $86 $878 $73
Equinox LT 2WD $182 $304 $288 $18 $86 $878 $73
Equinox LS AWD $182 $304 $288 $18 $86 $878 $73
Equinox LT AWD $182 $304 $288 $18 $86 $878 $73
Equinox LTZ 2WD $204 $358 $288 $18 $86 $954 $80
Equinox LTZ AWD $204 $358 $288 $18 $86 $954 $80
Equinox LTZ AWD $204 $358 $288 $18 $86 $954 $80
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rate quotes do not factor in specific Memphis garaging location which can raise or lower auto insurance rates considerably.

Car insurance rates based on gender

The example below illustrates the difference between Chevy Equinox insurance premiums for male and female drivers. The costs are based on a clean driving record, no claims, comprehensive and collision coverage, $1,000 deductibles, single status, and no other discounts are factored in.

Cost of full coverage

The information below shows the difference between Chevy Equinox auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The premiums assume a clean driving record, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

When to drop comp and collision

There is no specific rule for dropping physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s say your Chevy Equinox replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after you pay the deductible. If you are currently paying more than $700 a year for full coverage, then you might want to consider buying only liability coverage.

There are some cases where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you have to carry full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Car insurance discounts help lower rates for Chevy Equinox insurance in Memphis

Auto insurance companies do not list every discount they offer in an easy-to-find place, so the following is a list of both the well known as well as some of the hidden savings tricks you should be using when you buy Memphis car insurance online.Save money with discounts

Policy discounts save money, but most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like you can get free auto insurance, it’s just not the way it works.

The information below shows the difference between Chevy Equinox car insurance costs with and without discounts applied. The premiums are based on a female driver, no violations or claims, Tennessee state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, safe-driver, multi-car, and multi-policy discounts applied.

Popular car insurance companies and some of the discounts are:

Before you buy a policy, ask every company which discounts can lower your rates. Some credits may not apply to policyholders in your area. To locate insurance companies who offer free Chevy Equinox insurance quotes in Tennessee, click here.

Memphis auto insurance companies ranked

Finding a highly-rated company can be challenging considering how many choices there are in Memphis. The ranking information displayed below can help you pick which auto insurance companies to look at when comparing rates.

Top 10 Memphis Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General