Want to learn how to find more affordable Chevy Equinox insurance in Tacoma? Are you at wits end from paying out the nose to pay high car insurance rates every month? You're in the same situation as many other Washington drivers.
It's hard to fathom, but the vast majority of car insurance customers kept their policy with the same company for a minimum of four years, and 38% of drivers have never taken the time to shop around. Tacoma consumers could cut their rates by nearly 40% a year by just comparing quotes, but most just don't grasp how much savings they would realize if they changed companies.
People have multiple auto insurance companies to insure vehicles with, and although it's nice to have multiple companies, it can be more challenging to find the lowest rates for Chevy Equinox insurance in Tacoma.
When quoting insurance, remember that comparing a large number of companies increases the chance that you will find a lower rate than you're paying now. Some smaller insurers do not give online Tacoma Equinox insurance quotes, so it's recommended that you also compare quotes from the smaller companies as well.
The car insurance companies shown below have been selected to offer free quotes in Tacoma, WA. If more than one company is shown, we suggest you get rates from several of them to find the most affordable car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$122||$236||$310||$18||$92||$778||$65|
|Equinox LT 2WD||$142||$256||$278||$16||$82||$774||$65|
|Equinox LS AWD||$218||$448||$334||$20||$100||$1,120||$93|
|Equinox LT AWD||$140||$242||$294||$18||$88||$782||$65|
|Equinox LTZ 2WD||$258||$452||$294||$18||$88||$1,110||$93|
|Equinox LTZ AWD||$250||$444||$300||$18||$90||$1,102||$92|
|Equinox LTZ AWD||$144||$262||$304||$18||$90||$818||$68|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in Tacoma location which can impact premium rates noticeably.
Impact of citations and accidents on insurance rates
The example below illustrates how traffic citations and accident claims can influence Chevrolet Equinox insurance prices for each age group. The data is based on a single male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
Comparison of policy deductibles
The information below demonstrates how choosing different deductibles and can raise or lower Chevrolet Equinox insurance costs for different age groups of insureds. The costs are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
Difference between liability only and full coverage rates
The diagram below illustrates the difference between Chevrolet Equinox insurance costs when comparing full coverage to state minimum liability only. The costs are based on no accidents, no driving violations, $1,000 deductibles, married male driver, and no discounts are applied.
When to stop buying full coverage
There is no exact rule to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let's say your Chevrolet Equinox replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after paying your policy deductible. If you are currently paying more than $500 annually for your policy with full coverage, then you might consider buying liability only.
There are a few situations where eliminating full coverage is not a good plan. If you haven't satisfied your loan, you have to carry full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Cheap Tacoma insurance rates with discounts
Insuring your fleet can be pricey, but there are discounts available that may help make it more affordable. Many discounts should be triggered at the time of purchase, but lesser-known reductions have to be requested specifically in order for you to get them. If you're not getting every credit possible, you are paying more than you should be.
- First Accident Forgiveness - This isn't a discount exactly, but certain companies may permit one accident before they charge you more for coverage so long as you are claim-free prior to the accident.
- Discount for Multiple Policies - If you insure your home and vehicles and insure them both with the same insurance company they may give you a discount of up to 20% off your total Equinox insurance premium.
- Cautious Drivers - Safe drivers may receive a discount up to 45% than less cautious drivers.
- Claim Free - Good drivers with no accidents pay less in comparison with policyholders that have many claims.
- Discounts for Seat Belt Usage - Requiring all passengers to wear their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
- Professional Memberships - Having an affiliation with specific professional or occupational memberships or organizations is a good way to get lower rates on your bill.
Don't be surprised that most discounts do not apply to all coverage premiums. Most cut specific coverage prices like liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, companies don't profit that way.
A few of the larger companies and some of the premium reductions they offer are outlined below.
- American Family discounts include mySafetyValet, TimeAway discount, multi-vehicle, bundled insurance, accident-free, and good student.
- State Farm includes discounts for student away at school, good student, Steer Clear safe driver discount, Drive Safe & Save, and anti-theft.
- 21st Century may include discounts for automatic seat belts, defensive driver, 55 and older, air bags, homeowners, student driver, and theft prevention.
- Travelers may offer discounts for save driver, payment discounts, good student, multi-car, home ownership, and new car.
- GEICO has savings for federal employee, emergency military deployment, daytime running lights, anti-theft, military active duty, and anti-lock brakes.
When getting free Tacoma car insurance quotes, it's a good idea to all the companies which discounts they offer. Some of the earlier mentioned discounts might not be available to policyholders in your state.
Local Tacoma insurance agents
Many drivers just prefer to go talk to an agent and doing that can be a smart decision A nice benefit of comparing insurance online is you may find lower rates and still buy from a local agent. Supporting local agents is still important in Tacoma.
Upon completion of this form (opens in new window), your insurance coverage information is submitted to insurance agents in Tacoma that can give you free Tacoma car insurance quotes for your coverage. You won't even need to visit any agencies since price quotes are sent to you. You can find the lowest rates without the usual hassles of price shopping. If you want to compare prices from a particular provider, you just need to search and find their rate quote page to submit a rate quote request.
Pick the best car insurance agent in Tacoma for you
If you are wanting to purchase insurance from a good Tacoma insurance agent, you should know the types of agencies and how they differ in how they can insure your vehicles. Insurance agencies in Tacoma are categorized either independent or exclusive.
Independent Insurance Agents
Independent insurance agents often have many company appointments so they can insure your vehicles with multiple insurance companies and get you the best rates possible. If you want to switch companies, your agent can just switch to a different company and you stay with the same agent.
If you are trying to find cheaper rates, we recommend you get insurance quotes from a couple of independent agencies to maximize your price options.
Featured below are Tacoma independent insurance agencies that may be able to give you free insurance rate quotes.
Exclusive Insurance Agencies
Agents in the exclusive channel work for only one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to provide rate quotes from other companies so they have to upsell other benefits. Exclusive insurance agents receive a lot of sales training on what they offer which can be an advantage.
Below is a list of exclusive insurance agents in Tacoma that are able to give price quotes.
Selecting an auto insurance agent shouldn't rely on just a low price. You should also get answers to these questions.
- What discounts might you be missing?
- How much experience to they have in personal lines coverages?
- How would your car be valued if totalled?
- If independent agents, which companies do they recommend?
- Does the agency provide any after hours assistance?
- Do they offer rental car reimbursement?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Who are their largest clients?
How You Can Control Chevy Equinox Insurance Prices
Lots of things are used in the calculation when pricing auto insurance. Most are fairly basic such as your driving history, but others are not quite as obvious such as your marital status or your commute time. Part of the car insurance buying process is learning some of the things that come into play when calculating the rates you pay for car insurance. When consumers understand what influences your rates, this allows you to make educated decisions that may reward you with lower car insurance prices.
Occupation and insurance premiums - Jobs such as fire fighters, architects and stock brokers tend to have higher average rates due to stressful work requirements and lots of time spent at work. Other occupations such as professors, engineers and homemakers have the lowest average rates.
Good drivers pay better premiums - Just one speeding ticket or other violation may increase your cost to the point where it's not affordable. Attentive drivers pay less for auto insurance than their less careful counterparts. Drivers unfortunate enough to have flagrant violations such as reckless driving, hit and run or driving under the influence are required to complete a SR-22 with their state DMV in order to legally drive a vehicle.
Deter theft and reduce car insurance rates - Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Systems that thwart thieves such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent your vehicle from being stolen.
Which gender costs less? - Over time, data shows women are more cautious behind the wheel. It does not mean women are better drivers. Females and males get in auto accidents at about the same rate, but the males get into accidents with more damage. Not only that, but men also get cited for more serious violations like reckless driving and DUI. Teenage male drivers cause the most accidents and thus pay the highest rates.
Maintain car insurance coverage - Not maintaining insurance is a big no-no and your next policy will cost more because you let your coverage cancel without a new policy in place. Not only will you pay higher rates, not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license.
Where you live is a factor - Being located in small towns and rural areas has definite advantages when buying car insurance. Less people means a lower chance of having an accident in addition to fewer liability claims. Residents of big cities tend to have traffic congestion and higher rates of accident claims. Longer commute distances means higher likelihood of an accident.
Lower rates for married couples - Having a significant other helps lower the price when shopping for car insurance. Marriage may mean you are more mature and statistics prove married drivers tend to file fewer claims.
Qualify for multi-policy discounts - Most larger companies apply a discount to policyholders that have more than one policy such as combining an auto and homeowners policy. Even if you already get this discount, you still need to compare other Tacoma Equinox insurance rates to make sure you are getting the best deal.There is a good possibility that you can save even more even if you have your coverage with different companies
Chevy Equinox historical loss data - Insurers take into consideration historical loss data for every vehicle to help calculate a profitable premium rate. Models that tend to have higher prevalence or dollar amount of losses will have increased rates. The data below shows the loss history for Chevy Equinox vehicles.
For each coverage type, the loss probability for all vehicles as a whole is represented as 100. Values below 100 suggest a better than average loss history, while numbers shown that are more than 100 indicate higher probability of having a loss or tendency to have larger claims.
Chevrolet Equinox Insurance Claim Statistics
|Specific Chevrolet 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|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance is not optional but you don't have to overpay
Even though it can be expensive, insurance is most likely required but also gives you several important benefits.
First, the majority of states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability insurance in order to be legal. In Washington these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Chevy Equinox has a lienholder, almost all lenders will stipulate that you have full coverage to guarantee loan repayment. If you default on your policy, the lender will be forced to insure your Chevy at an extremely high rate and make you pay the higher price.
Third, car insurance preserves not only your Chevy but also your financial assets. It will also provide coverage for medical bills for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay attorney fees if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, your car insurance policy will pay to have it repaired.
The benefits of buying car insurance more than cancel out the cost, specifically if you ever have a liability claim. But the average driver in Washington is overpaying more than $750 every year so you should quote and compare rates every year to make sure the price is not too high.
Don't give up on cheap coverage
In this article, we presented some good ideas how to get a better price on Chevy Equinox insurance in Tacoma. The most important thing to understand is the more times you quote, the better likelihood of getting affordable Tacoma car insurance quotes. Drivers may even discover the lowest priced auto insurance comes from a small mutual company. They can often provide lower premium rates in certain areas than their larger competitors like GEICO and State Farm.
Cheaper Chevy Equinox insurance in Tacoma can be found online and also from your neighborhood Tacoma agents, and you should be comparing both in order to have the best price selection to choose from. Some companies may not have online price quotes and usually these small insurance companies sell through local independent agents.
As you prepare to switch companies, don't be tempted to reduce coverage to reduce premium. There have been many cases where an insured dropped physical damage coverage and learned later that it was a big error on their part. The proper strategy is to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- How Much is Auto Insurance in Washington? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Postal Workers in Washington? (FAQ)
- How Much is Washington Car Insurance for a Learners Permit? (FAQ)
- What Auto Insurance is Cheapest for 4x4 Vehicles in Washington? (FAQ)
- Who Has Cheap Car Insurance Rates for Drivers Under 21 in Washington? (FAQ)
- What Auto Insurance is Cheapest in Kirkland, Washington? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- Child Safety Seats (Insurance Information Institute)
- Prom Night Tips for Teen Drivers (State Farm)