Best Chevy Equinox Insurance Cost Comparisons by Model Year

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, the 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 and medical coverage combined costs around $568.

The table below shows how each of these coverages compares to the average cost for all 2023 model-year vehicles.

2023 Chevrolet Equinox vs. All Vehicles by Policy Coverage
Policy Coverage 2023 Chevrolet Equinox 2023 All Vehicle Average Difference
Comprehensive$406$468-14.2%
Collision$614$886-36.3%
Liability$398$3824.1%
Med/PIP Other$170$1643.6%
Total Policy Cost$1,588$1,900-17.9%

Lower than average cost Higher than average cost

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500, liability limits are $100,000 per person and $300,000 per accident, and rates are averaged for all U.S. states.Data last updated on May 5, 2023
2023 Chevrolet Equinox vs. Average Vehicle by Insurance Coverage

Based on the table results, physical damage coverage, which includes comprehensive and collision insurance, for a 2023 Equinox is quite a bit cheaper than the average 2023 model year vehicle.

Liability and medical expense coverage is slightly higher, however, but overall the cost to insure an Equinox is quite good in comparison at 17.9% less per year.

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 May 5, 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

The key takeaway from this chart is the fact that younger drivers and high-risk drivers will have much higher car insurance rates than older and safer drivers.

Also, buying a policy with low $100 deductibles costs much more than a policy with high $1,000 deductibles, which is a difference of $678 for a 40-year-old driver.

The cheapest rate shown in the chart is the discount rate, which simply means an average driver who qualifies for policy discounts like being a good driver, being claim-free, and having multiple cars on the same policy. The more discounts you can earn, the cheaper the insurance rate on your Equinox.

Some additional insights concerning Equinox insurance costs 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 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 costs 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 75.2%.
  • 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.

The Chevy Equinox was originally a midsize SUV, but with the third-generation model in 2018, GM reduced it to a compact model and sales soared to over 300,000 units.

What is the cheapest Chevy Equinox to insure?

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 May 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 compare to 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. The average insurance rate for the Equinox is shown in orange, while the average rate for the entire small SUV segment is shown in dark blue.

In addition, a table is included after the chart that ranks insurance rates for the entire 2023 small SUV segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are based on 2023 models and assume a 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 trim levels for each model. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on May 5, 2023
Chevrolet Equinox Insurance Cost vs. Popular Small SUVs
2023 Chevrolet Equinox Insurance Cost vs. the Small SUV Segment
Rank Make and 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
2023 Small SUV Average$1,606$18
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.

Insurance cost on new versus used models

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 for the average driver. Younger drivers would see even a larger cost difference on used models.

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 May 5, 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.

What is the best insurance for a Chevy Equinox?

We compared rates for large U.S. auto insurance companies and found that GEICO had the best average insurance rates for a 2023 Chevrolet Equinox at $1,285 per year. Progressive was the second cheapest company, with an average rate of $1,309.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 Chevrolet Equinox, rated for a 40-year-old married male driver. Physical damage deductibles are $500, liability limits are 100/300/100, and rates are averaged for all locations and Chevrolet Equinox trim levels.Data last updated on May 5, 2023
Average 2023 Chevrolet Equinox Insurance Rates by Company
Average 2023 Chevrolet Equinox Insurance Rates by Company
Insurance CompanyAverage Annual RateCost Per Month
GEICO$1,285$107
Progressive$1,309$109
Safeco$1,509$126
Travelers$1,520$127
State Farm$1,585$132
Farmers$1,766$147

The cheapest price may not be your top priority when shopping for the best insurance for a Chevrolet Equinox, however. Every company differs slightly in how they settle claims, whether or not they have a local office in your area, and how easily you can manage your policy and make payments.

The best insurance is often a balance between price, service, and convenience, so before signing on the dotted line for a new policy, make sure the company you choose meets the concerns that you feel are the most important.

We recommend comparing rates between at least five different car insurance companies in order to find the best rates. Include several large companies (GEICO, Progressive, etc.) but also include smaller insurance companies as well.

How to get discount Chevy Equinox insurance

Everyone wants cheaper car insurance, and one of the best (and easiest) ways to save money on insurance is to qualify for policy discounts.

If you’re a safe driver, have a clean driving record, have been continuously insured for several years, and are claim-free, you should be able to qualify for some pretty decent discounts.

Additional discounts can be earned if you own your home, if you bundle your auto and home insurance with the same company, and if you have multiple vehicles on the same car insurance policy.

We put together a list of the top ten best discounts offered by larger insurance companies, and also calculated the average savings each discount could earn you when insuring a 2023 Chevy Equinox.

Ten Best Policy Discounts When Insuring a Chevy Equinox
Policy Discount Larger Companies that Offer this Discount Average Savings
Good Driver Savings of 10% to 30%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers$222
Multi-Policy Bundling Savings of 1% to 17%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$175
Usage-based Save up to 30%Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Travelers, USAA$148
Safety Features Savings of 3% to 20%American Family, Farmers, GEICO, Liberty Mutual, State Farm$125
Defensive Driving Savings of 5% to 10%AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Travelers, USAA$119
Military Savings of 5% to 15%Alfa, American Family, Direct General, Farmers, GEICO, Liberty Mutual, Shelter, USAA$111
Pay in Full Savings of 5% to 10%Allstate, Nationwide, Progressive, State Farm, Travelers$100
Multiple Vehicles Savings of 4% to 15%Allstate, Farmers, GEICO, Liberty Mutual, Nationwide, State Farm, Progressive, Travelers, USAA$95
Student Away at School Savings of 4% to 25%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$92
Good Student Savings of 3% to 20%Allstate, American Family, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA$83

Get Rates in Your AreaWhy is this important?

Table Data Details: The average savings is based on a 2023 model year Chevrolet Equinox with a 40-year-old driver, clean driving record, and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states. Discount savings vary by company and not all discounts are offered by every company.Data last updated on May 5, 2023
Ten Best Policy Discounts When Insuring a Chevy Equinox

This is by no means a comprehensive list of every discount offered by these companies. Rather, it just shows some of the larger discounts that can help you save the most money if you qualify for them.

There are lots of smaller discounts as well, and every company offers slightly different discount types and amounts.

If you are currently insured, it could pay dividends to check with your current company just to make sure you’re not missing any discounts you’re entitled to.

Some discounts may require verification in order to qualify (like proof of good grades for a student driver or certification from a driver training course), but the savings definitely make it worth the effort.