Chevy Equinox Insurance Rates for 2022

How much does Chevy Equinox insurance cost? We analyzed average car insurance rates from the base L trim up to the Premier AWD model to see how prices compare to other compact SUVs.

Start QuoteCompare Equinox car insurance rates and save on your next policy.

How much does Chevy Equinox insurance cost?

Chevrolet Equinox car insurance costs an average of $1,416 per year for full coverage, which is about $118 each month. The Equinox ranks #24 out of 46 vehicles in the 2022 compact SUV segment for insurance affordability.

Depending on the trim level being insured, average monthly car insurance cost for a Chevrolet Equinox ranges from $113 per month on the Equinox LS model to $124 per month on the Premier AWD model.

For individual policy coverages, collision coverage costs an average of $550 a year, comprehensive (or other-than-collision) coverage costs approximately $358, and the remaining liability/medical coverage costs around $508.

The following chart displays average car insurance rates for a 2022 Equinox with a range of different policy situations. Different driver ages, driving records, and policy deductible amounts can make a big different in how much Equinox insurance costs.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 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 April 20, 2022
Chevrolet Equinox Insurance Cost Summary
Chevrolet Equinox Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$3,174$265
Safe Driver Age 20$2,784$232
At-fault Accidents Age 40$1,990$166
Low Deductibles Age 40$1,810$151
Safe Driver Age 30$1,482$124
Safe Driver Age 40$1,416$118
Safe Driver Age 50$1,288$107
Safe Driver Age 60$1,260$105
High Deductibles Age 40$1,208$101
Discount Rate Age 40$1,176$98

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 tendency to speed in some neighborhoods in New Orleans, LA, could be as much as $16,286 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 $1,946 per year for a 20-year-old driver and even as much as $420 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 $240 per year.
  • Raise your credit for better rates. Having an excellent credit rating above 800 could save around $222 per year over a lower credit score of 670-739. Conversely, a not-so-perfect credit rating could cost up to $258 more per year.
  • The cost to insure teen drivers is expensive. Average rates for full coverage Equinox car insurance costs $5,080 per year for a 16-year-old driver, $4,724 per year for a 17-year-old driver, and $4,404 per year for a 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 $366 per year. Being convicted of a serious infraction such as reckless driving could raise rates by an additional $1,276 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 ($1,260 per year) and a 20-year-old driver ($2,784 per year) is $1,524, 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 $1,692 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 $1,360 per year, or about $113 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 $126 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 2022 model year trim level.

2022 Chevrolet Equinox Insurance Cost by Trim Level
Chevrolet Equinox Trim Level Annual Policy 6-month Policy Per Month
LS$1,360$680$113
LT$1,366$683$114
LS AWD$1,376$688$115
LT AWD$1,406$703$117
RS$1,420$710$118
RS AWD$1,448$724$121
Premier$1,454$727$121
Premier AWD$1,486$743$124

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 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 March 24, 2022
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 #24 out of 46 total comparison vehicles in the 2022 compact SUV segment. The Equinox costs an average of $1,416 per year to insure for full coverage, while the segment median rate is $1,416 per year.

When compared to other small SUVs, Equinox insurance costs $14 less per year than the Toyota RAV4, is $90 more than the Honda CR-V, costs $66 less than the Nissan Rogue, and is $74 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 2022 small SUV category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 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 March 24, 2022
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
1Mazda CX-5$1,152-$264
2Nissan Kicks$1,180-$236
3Chevrolet Trailblazer$1,188-$228
4Subaru Crosstrek$1,216-$200
5Toyota C-HR$1,250-$166
6Buick Encore$1,252-$164
7Nissan Rogue Sport$1,262-$154
8Hyundai Venue$1,286-$130
9Buick Envision$1,288-$128
10Kia Seltos$1,290-$126
11Toyota Corolla Cross$1,298-$118
12Hyundai Kona$1,310-$106
13Subaru Forester$1,312-$104
14Volkswagen Tiguan$1,314-$102
15Honda CR-V$1,326-$90
16Mazda CX-30$1,340-$76
17Honda HR-V$1,360-$56
18Ford Ecosport$1,372-$44
19Chevrolet Trax$1,386-$30
20GMC Terrain$1,394-$22
21Mitsubishi Eclipse Cross$1,396-$20
22Hyundai Tucson$1,406-$10
23Chevrolet Bolt$1,412-$4
24Chevrolet Equinox$1,416--
25Volkswagen Taos$1,420$4
26Fiat 500X$1,424$8
27Toyota RAV4$1,430$14
28Kia Soul$1,432$16
29Mazda MX-30$1,460$44
30Jeep Compass$1,468$52
31Kia Niro$1,470$54
32Nissan Rogue$1,482$66
33Ford Escape$1,490$74
34Hyundai Ioniq 5$1,502$86
35Mini Cooper Clubman$1,504$88
36Jeep Renegade$1,508$92
37Kia Sportage$1,514$98
38Ford Bronco$1,520$104
39Volkswagen ID4$1,542$126
40Mini Cooper$1,550$134
41Mini Cooper Countryman$1,572$156
42Mitsubishi Outlander$1,628$212
43Mitsubishi Mirage$1,642$226
44Ford Mustang Mach-E$1,712$296
45Hyundai Nexo$1,730$314
46Jeep Wrangler$1,732$316

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 $30,445, the cost to buy a new 2022 Chevrolet Equinox ranges from $26,995 to $33,795, depending on the trim level.

The vehicles in the compact SUV segment most similar in price to the Equinox are the Subaru Forester, Mini Cooper, Volkswagen Tiguan, and Jeep Compass.

Here’s how they compare to a 2022 Equinox for price and the cost to insure.

  • Chevrolet Equinox vs. Subaru Forester – The average MSRP for a 2022 Chevrolet Equinox is $79 cheaper than the Subaru Forester, at $30,445 compared to $30,524. Insuring the Subaru Forester costs an average of $104 less than the Chevrolet Equinox.
  • Chevrolet Equinox vs. Mini Cooper – The 2022 Chevrolet Equinox has an average MSRP that is $245 more expensive than the Mini Cooper ($30,445 versus $30,200). Anticipate paying around $134 more per year for insurance on the Mini Cooper compared to an Equinox.
  • Chevrolet Equinox vs. Volkswagen Tiguan – The sticker price on the Volkswagen Tiguan averages $507 more than the Chevrolet Equinox ($30,952 compared to $30,445). The average insurance cost for a 2022 Chevrolet Equinox compared to the Volkswagen Tiguan is $102 more each year.
  • Chevrolet Equinox vs. Jeep Compass – The 2022 Chevrolet Equinox has an average MSRP that is $616 more expensive than the Jeep Compass ($30,445 versus $29,829). Insurance on a Chevrolet Equinox costs an average of $52 less annually than the Jeep Compass.

How much is insurance on a used Equinox?

Insuring a 2013 Equinox could save $314 each year over the cost of insuring a new 2022 model. A 2018 model would save around $270 each year.

The following table shows average car insurance rates for a Chevy Equinox for various driver age groups for the 2013 to 2022 model years.

Rates range from $954 for a 60-year-old driver rated on a 2014 Chevy Equinox to the most expensive rate of $2,784 for a 20-year-old driver rated on a 2021 Equinox.

Chevrolet Equinox Insurance Cost for 2013-2022 Models
Model Year Driver Age 20 Age 30 Age 40 Age 50 Age 60
2022$2,784$1,482$1,416$1,288$1,260
2021$2,488$1,328$1,264$1,154$1,132
2020$2,446$1,302$1,240$1,130$1,108
2019$2,396$1,276$1,218$1,110$1,088
2018$2,252$1,198$1,146$1,046$1,026
2017$2,182$1,158$1,108$1,012$992
2016$2,222$1,174$1,122$1,026$1,008
2015$2,160$1,140$1,092$1,000$980
2014$2,108$1,110$1,064$974$954
2013$2,194$1,142$1,102$1,010$990

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume 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 March 24, 2022
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 $574 a year, depending on the coverage deductibles and the age of the driver rated on the vehicle.