Chevy Equinox Insurance Rates for 2023

How much does insurance cost for a Chevrolet Equinox?

We compared prices from the LS trim level up to the high end Premier AWD model to look at how insurance rates on the Equinox compare to the entire small SUV segment.

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How much does Chevy Equinox insurance cost?

Chevrolet Equinox car insurance costs an average of $1,588 per year for full coverage, which is about $132 each month. The Equinox ranks 22nd out of 47 vehicles in the 2023 compact SUV segment for insurance affordability.

Depending on the trim level being insured, average monthly car insurance cost for a Chevrolet Equinox ranges from $127 per month on the Equinox LS model to $137 per month on the Premier AWD model.

For individual policy coverages, collision coverage costs an average of $614 a year, comprehensive (or other-than-collision) coverage costs approximately $406, and the remaining liability/medical coverage costs around $568.

The following chart displays average car insurance rates for a 2023 Equinox with a range of different policy situations. Different driver ages, driving records, and policy deductible amounts can make a big difference in how much Equinox insurance costs.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Chevrolet Equinox with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Chevrolet Equinox trim levels.Data last updated on January 23, 2023
Chevrolet Equinox Insurance Cost Summary
2023 Chevrolet Equinox Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$3,564$297
Safe Driver Age 20$3,124$260
At-fault Accidents Age 40$2,232$186
Low Deductibles Age 40$2,032$169
Safe Driver Age 30$1,666$139
Safe Driver Age 40$1,588$132
Safe Driver Age 50$1,446$121
Safe Driver Age 60$1,416$118
High Deductibles Age 40$1,354$113
Discount Rate Age 40$1,318$110

To help illustrate the full price range for Equinox insurance, consider that buying a policy with only liability coverage in the cheapest areas of Wisconsin or Ohio can cost as little as $218 a year, while a 16-year-old driver with a very poor driving record in some neighborhoods in New Orleans, LA, could cost well over $11,000 a year for a policy that provides full coverage.

Some additional insights concerning Equinox insurance cost include:

  • Safe drivers have cheaper Equinox insurance. Too many at-fault accidents can raise rates, potentially up to $2,182 per year for a 20-year-old driver and even as much as $472 per year for a 60-year-old driver.
  • Get cheaper rates by researching discounts. Discounts may be available if the policyholders are senior citizens, are military or federal employees, belong to certain professional organizations, are away-from-home students, are good students, or many other discounts which could save the average driver as much as $270 per year.
  • Raise your credit for better rates. Having an excellent credit rating above 800 could save around $249 per year over a lower credit score of 670-739. Conversely, a not-so-perfect credit rating could cost up to $289 more per year.
  • The cost to insure teen drivers is expensive. Average rates for full coverage Equinox car insurance costs $5,696 per year for a 16-year-old driver, $5,294 per year for a 17-year-old driver, and $4,936 per year for an 18-year-old driver.
  • Driving violations increase insurance rates. To get the cheapest rates, it just makes good sense to be a safe driver. As a matter of fact, just one or two minor moving violations can increase insurance cost by up to $412 per year. Being convicted of a serious infraction such as reckless driving could raise rates by an additional $1,430 or more.
  • As you get older, car insurance rates go down. The difference in insurance rates for an Equinox between a 60-year-old driver ($1,416 per year) and a 20-year-old driver ($3,124 per year) is $1,708, or a difference of 54.7%.
  • Prepare for sticker shock for high-risk insurance. For a 30-year-old driver, having a tendency to get into accidents or receive driving citations increases the cost by $1,898 or more per year.

What is the cheapest Chevrolet Equinox insurance?

The cheapest model of Chevy Equinox to insure is the base LS model at $1,524 per year, or about $127 per month. Other trims like the LS and LT 2WD models cost a little more than the L version but are still quite affordable.

The most expensive Premier AWD trim level costs an extra $120 per year over the lowest cost LS model. In most instances, as the cost of the vehicle increases with multiple add-on feature packages, the cost of insurance always seems to increase as well.

The next table shows average yearly and 6-month Chevrolet Equinox car insurance rates, including a monthly budget amount, for each 2023 model year trim level.

2023 Chevrolet Equinox Insurance Cost by Trim Level
Chevrolet Equinox Trim Level Annual Policy Six-Month Policy Per Month
LS$1,524$762$127
LT$1,546$773$129
LS AWD$1,556$778$130
LT AWD$1,578$789$132
RS$1,600$800$133
Premier$1,622$811$135
RS AWD$1,628$814$136
Premier AWD$1,644$822$137

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Chevrolet Equinox, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Chevrolet Equinox Insurance Cost by Trim Level

As you should be able to tell by the table above, as the MSRP of an Equinox increases with higher-end trim levels and options, the cost of car insurance also increases.

Vehicles that cost more also have higher “actual cash value” or ACV, which simply means that if the vehicle is totaled in an accident or other event (fire, hail, flood, etc.), your car insurance company will have to pay more to replace it. And more money out of the car insurance company’s pocket means more money out of your pocket in the form of more expensive car insurance rates.

How do Equinox insurance rates rank vs. other SUVs?

The Chevy Equinox ranks 22nd out of 47 total comparison vehicles in the 2023 compact SUV segment. The Equinox costs an average of $1,588 per year to insure for full coverage, while the segment median rate is $1,606 per year.

When compared to other small SUVs, Equinox insurance costs $46 less per year than the Toyota RAV4, is $92 more than the Honda CR-V, costs $34 less than the Nissan Rogue, and is $28 less than the Ford Escape.

The chart below shows how well average Chevrolet Equinox insurance rates compare to other popular compact SUVs. A more comprehensive data table is included after the chart that ranks insurance rates for the entire 2023 small SUV category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Chevrolet Equinox, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Chevrolet Equinox trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Chevrolet Equinox vs Top 10 Small SUVs Insurance Cost Comparison
Chevrolet Equinox Insurance Cost Compared to All Small SUVs
Rank Make/Model Insurance Cost Difference
1Chevrolet Trailblazer$1,334-$254
2Subaru Crosstrek$1,346-$242
3Nissan Kicks$1,354-$234
4Nissan Rogue Sport$1,378-$210
5Mazda CX-5$1,386-$202
6Buick Encore$1,406-$182
7Buick Envision$1,410-$178
8Kia Seltos$1,430-$158
9Hyundai Venue$1,440-$148
10Honda HR-V$1,464-$124
11Hyundai Kona$1,480-$108
12Subaru Forester$1,486-$102
13Honda CR-V$1,496-$92
14Mazda CX-30$1,498-$90
15Chevrolet Trax$1,514-$74
16Volkswagen Tiguan$1,532-$56
17Ford Bronco Sport$1,536-$52
18Fiat 500X$1,564-$24
19GMC Terrain$1,566-$22
20Kia Soul$1,568-$20
21Mitsubishi Eclipse Cross$1,572-$16
22Chevrolet Equinox$1,588--
23Toyota Corolla Cross$1,592$4
24Volkswagen Taos$1,600$12
25Mazda CX-50$1,610$22
26Hyundai Tucson$1,614$26
27Ford Escape$1,616$28
28Nissan Rogue$1,622$34
29Toyota RAV4$1,634$46
30Mazda MX-30$1,636$48
31Kia Niro$1,638$50
32Mini Cooper$1,648$60
33Jeep Compass$1,652$64
34Mini Cooper Clubman$1,674$86
35Jeep Renegade$1,698$110
36Chevrolet Bolt$1,710$122
37Toyota bz4X$1,716$128
38Kia Sportage$1,760$172
39Hyundai Ioniq 5$1,764$176
40Mini Cooper Countryman$1,812$224
41Mitsubishi Mirage$1,818$230
42Mitsubishi Outlander$1,820$232
43Volkswagen ID4$1,832$244
44Kia EV6$1,870$282
45Dodge Hornet$1,872$284
46Hyundai Nexo$1,938$350
47Ford Mustang Mach-E$1,996$408

Another useful way to evaluate rates is to discover how the cost of insurance for a Chevrolet Equinox compares to similarly priced models. With an average MSRP of $31,395, the cost to buy a new 2023 Chevrolet Equinox ranges from $27,995 to $34,795, depending on the trim level.

The vehicles in the compact SUV segment most similar in price to the Equinox are the Hyundai Kona, Subaru Forester, Kia Niro, and Nissan Rogue.

Here’s how they compare to a 2023 Equinox for price and the cost to insure. Additional car insurance comparisons for the Equinox and other vehicles can be found on our cost comparisons page.

  • Chevrolet Equinox vs. Hyundai Kona – The average MSRP for a 2023 Chevrolet Equinox is $221 more expensive than the Hyundai Kona, at $31,395 compared to $31,174. Insuring the Hyundai Kona costs an average of $108 less than the Chevrolet Equinox.
  • Chevrolet Equinox vs. Subaru Forester – The 2023 Chevrolet Equinox has an average MSRP that is $329 cheaper than the Subaru Forester ($31,395 versus $31,724). Anticipate paying around $102 less per year for insurance on the Subaru Forester compared to an Equinox.
  • Chevrolet Equinox vs. Kia Niro – The sticker price on the Kia Niro averages $1,102 more than the Chevrolet Equinox ($32,497 compared to $31,395). The average insurance cost for a 2023 Chevrolet Equinox compared to the Kia Niro is $50 less each year.
  • Chevrolet Equinox vs. Nissan Rogue – The 2023 Chevrolet Equinox has an average MSRP that is $1,184 cheaper than the Nissan Rogue ($31,395 versus $32,579). Insurance on a Chevrolet Equinox costs an average of $34 less annually than the Nissan Rogue.

How much is insurance on a used Equinox?

Insuring a 2013 Equinox could save $390 each year over the cost of insuring a new 2023 model. A 2018 model would save around $336 each year.

The following table shows average car insurance rates for a Chevy Equinox for various driver age groups for the 2013 to 2023 model years.

Rates range from $1,026 for a 60-year-old driver rated on a 2014 Chevy Equinox to the most expensive rate of $3,124 for a 20-year-old driver rated on a 2023 Equinox.

Chevrolet Equinox Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Chevrolet Equinox$3,124$1,588$1,416
2022 Chevrolet Equinox$3,060$1,550$1,382
2021 Chevrolet Equinox$2,738$1,390$1,244
2020 Chevrolet Equinox$2,704$1,370$1,228
2019 Chevrolet Equinox$2,616$1,330$1,190
2018 Chevrolet Equinox$2,464$1,252$1,122
2017 Chevrolet Equinox$2,358$1,200$1,074
2016 Chevrolet Equinox$2,412$1,222$1,096
2015 Chevrolet Equinox$2,304$1,168$1,048
2014 Chevrolet Equinox$2,260$1,144$1,026
2013 Chevrolet Equinox$2,378$1,198$1,072

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Chevrolet Equinox Insurance Cost by Model Year

After the vehicle depreciates considerably, it will probably be a good idea to drop coverage for physical damage from the insurance policy. As a vehicle ages, the added cost of comprehensive and collision coverage surpasses the benefit of having it.

Deleting physical damage coverage on an older Chevrolet Equinox may save you $610 a year, depending on the coverage deductibles and the age of the driver rated on the vehicle.