Being forced to pay for pricey car insurance premiums can stress out your monthly budget and make it tough to pay other bills.

Insurance rates Chevy Equinox in AlbuquerqueInconceivable but true, nearly 70% of customers renewed their policy with the same company for more than four years, and about 40% of consumers have never taken the time to shop around. With the average premium in New Mexico being $1,244, drivers could save an average of $470 each year by just comparing quotes, but they assume it's a waste of time to go online and compare rates.

Many auto insurance companies vie to insure your vehicles, and it can be difficult to compare rates to find the absolute best rates possible on Chevy Equinox insurance in Albuquerque.

The easiest way to compare rates for Chevy Equinox insurance in Albuquerque is to know most of the bigger providers actually pay money for the chance to compare rate quotes. The only thing you need to do is give the companies some data including how many miles driven, if you went to college, deductibles desired, and if it has an alarm system. The data is instantly submitted to many different companies and they respond with quotes immediately.

To check rates for your Chevy Equinox now, click here and find out if you can get cheaper insurance in Albuquerque.

The companies in the list below are ready to provide quotes in New Mexico. If multiple companies are listed, we suggest you visit as many as you can to find the most competitive car insurance rates.

Chevrolet Equinox Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $284 $420 $422 $24 $126 $1,276 $106
Equinox LT 2WD $248 $420 $322 $20 $96 $1,106 $92
Equinox LS AWD $202 $338 $322 $20 $96 $978 $82
Equinox LT AWD $238 $490 $338 $20 $102 $1,188 $99
Equinox LTZ 2WD $136 $264 $310 $18 $92 $820 $68
Equinox LTZ AWD $306 $678 $390 $24 $116 $1,514 $126
Equinox LTZ AWD $168 $304 $328 $20 $98 $918 $77
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Information does not factor in Albuquerque location which can alter auto insurance rates greatly.

An analysis of deductible level

One common question asked by Albuquerque drivers is at what level do you set your deductibles. The rates below may help to illustrate how much more rates are between high and low coverage deductibles. The first rate comparisons uses a $100 deductible and the second set of rates uses a $1,000 deductible.

Chevrolet Equinox insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $278 $500 $322 $20 $96 $1,241 $103
Equinox LT 2WD $278 $500 $322 $20 $96 $1,241 $103
Equinox LS AWD $278 $500 $322 $20 $96 $1,241 $103
Equinox LT AWD $278 $500 $322 $20 $96 $1,241 $103
Equinox LTZ 2WD $312 $590 $322 $20 $96 $1,365 $114
Equinox LTZ AWD $312 $590 $322 $20 $96 $1,365 $114
Equinox LTZ AWD $312 $590 $322 $20 $96 $1,365 $114
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Chevrolet Equinox insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $154 $264 $322 $20 $96 $856 $71
Equinox LT 2WD $154 $264 $322 $20 $96 $856 $71
Equinox LS AWD $154 $264 $322 $20 $96 $856 $71
Equinox LT AWD $154 $264 $322 $20 $96 $856 $71
Equinox LTZ 2WD $174 $310 $322 $20 $96 $922 $77
Equinox LTZ AWD $174 $310 $322 $20 $96 $922 $77
Equinox LTZ AWD $174 $310 $322 $20 $96 $922 $77
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can modify auto insurance rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $34 more each month or $408 each year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 26 months between claims, you would come out ahead if you choose a higher deductible. The numbers below show how this calculation is made.

Average monthly premium for $100 deductibles: $108
Average monthly premium for $1,000 deductibles (subtract): - $74
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

How accidents and violations affect rates

The information below demonstrates how citations and fender-benders can influence Chevrolet Equinox annual premium costs for different insured age categories. Data assumes a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Policy deductible comparison

The example below shows how choosing a deductible and can impact Chevrolet Equinox annual premium costs for different age groups of insureds. The rate quotes are based on a single female driver, full coverage, and no discounts are applied.

Verify you're earning every discount

Insurance is not cheap nor is it fun to buy but companies offer discounts that you may not even be aware of. Many of these discounts will be applied automatically at the time of purchase, but occasionally some discounts must be requested specifically in order for you to get them.Cheaper insurance with discounts

One last thing about discounts, most credits do not apply to the whole policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like you would end up receiving a 100% discount, nobody gets a free ride.

Some of the insurance companies that may offer quotes with most of these discounts include:

When getting a coverage quote, ask every prospective company which credits you are entitled to. Some discounts listed above may not apply to policies in your state. To see companies that can offer you the previously mentioned discounts in New Mexico, click this link.

Reduce Insurance Rates with These Tips

One of the most helpful ways to save on car insurance is to to have a grasp of the factors that come into play when calculating the price you pay for car insurance. When you understand what influences your rates, this helps enable you to make changes that can earn you lower car insurance prices.

The factors shown below are most of the major factors car insurance companies consider when setting premiums.

Premiums drop with age - Young drivers in New Mexico are known to be inattentive and easily distracted when behind the wheel and because of this, their car insurance rates are much higher. More experienced drivers are viewed as being more responsible, cause fewer claims and accidents, and receive fewer citations.

Performance influences prices - The performance level of the car you are buying insurance for makes a huge difference in your car insurance bill. Because the Chevrolet Equinox is considered a crossover, insuring your vehicle will cost slightly more when compared to the average rates in Albuquerque. Economy passenger models generally have the cheapest insurance rates, but that's not the only thing that factors into the final price.

Coverage lapses lead to higher rates - Having a lapse in insurance coverage will be a quick way to increase your renewal premiums. In addition to paying higher premiums, failure to provide proof of insurance may result in a fine, jail time, or a revoked license.

You might want pay the minor insurance claims yourself - If you file a lot of claims you can pretty much guarantee either higher rates or even cancellation. Car insurance companies in New Mexico provide the best rates to people who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.

Safer the car lower the rate - Vehicles with good safety scores tend to have better insurance rates. Safe vehicles result in less severe injuries and reduced instances of injuries means less claims paid passed on to you as lower rates. If the Chevy Equinox is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Car and home together may be cheaper - Most larger companies afford better rates to buyers who carry more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, consumers should still check prices from other companies to help guarantee you have the best rates.There is a good possibility that you can find a better deal even if you have your coverage with different companies

Infrequent drivers can save - The more you drive each year the more you'll pay to insure it. The majority of insurers calculate prices based upon how the vehicle is primarily used. Vehicles that have low annual miles cost less to insure than vehicles that have high annual mileage. Make sure your declarations sheet reflects annual mileage. Having an incorrect usage rating on your Equinox may be costing you higher rates.

Chevy Equinox claim data - Insurers use historical loss data when they set coverage costs for each model. Vehicles that the statistics show to have higher frequency or amount of claims will cost more for coverage. The data below shows the insurance loss data for Chevy Equinox vehicles.

For each coverage type, the statistical loss for all vehicles combined as an average is represented as 100. Values below 100 imply a favorable loss record, while percentages above 100 indicate frequent claims or a tendency for losses to be larger than average.

Car Insurance Loss Data for Chevrolet Equinox Models

Vehicle 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

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Shop online but buy locally

Some people would rather get professional advice from a licensed agent and that is recommended in a lot of cases The biggest benefit of getting free rate quotes online is that drivers can save money and get the best rates and still buy from a local agent. Buying from local agencies is definitely important in Albuquerque.

Albuquerque insurance agentsAfter filling out this simple form, your insurance coverage information gets sent to companies in Albuquerque that can give you free Albuquerque auto insurance quotes for your insurance coverage. You won't need to contact an agency since price quotes are sent to you instantly. You can find the lowest rates AND an agent nearby. If you have a need to get a rate quote from a specific company, just search and find their rate quote page and submit a quote form there.

If you want a good Albuquerque insurance agent, it's important to understand the different agency structures and how they differ in how they can insure your vehicles. Agencies in Albuquerque may be either independent (non-exclusive) or exclusive.

Independent Insurance Agents

These type of agents are not required to write business for one company so they have the ability to put coverage with any number of different companies depending on which coverage is best. If you want to switch companies, they simply move the coverage in-house and you don't have to switch agencies.

If you need cheaper insurance rates, you should always get insurance quotes from several independent agencies to maximize your price options.

Listed below is a partial list of independent insurance agencies in Albuquerque who can help you get price quote information.

Webster Insurance Agency Inc
1201 Eubank Blvd Suite 3 - Albuquerque, NM 87112 - (505) 294-1497 - View Map

1429 Carlisle Blvd NE - Albuquerque, NM 87110 - (505) 265-3704 - View Map

2616 Mesilla St NE #2 - Albuquerque, NM 87110 - (505) 255-9577 - View Map

More insurance agents

Exclusive Agencies

Agents that elect to be exclusive write business for a single company like Farmers Insurance and State Farm. They generally cannot place coverage with different providers so they really need to provide good service. Exclusive agencies are usually quite knowledgeable on what they offer and that can be a competitive advantage.

The following are exclusive insurance agencies in Albuquerque who can help you get rate quotes.

3517 Wyoming Blvd NE - Albuquerque, NM 87111 - (505) 271-2222 - View Map

7400 Montgomery Blvd NE #5 - Albuquerque, NM 87109 - (505) 883-3742 - View Map

8101 San Pedro Dr NE, Ste C1 - Albuquerque, NM 87113 - (505) 881-5056 - View Map

More insurance agents

Finding a good insurance agency needs to be determined by more than just a cheap price quote. Agents should be asked these questions:

There's no such thing as the perfect insurance policy

When it comes to choosing the best insurance coverage, there is no "perfect" insurance plan. Your needs are not the same as everyone else's and your insurance should unique, too.Insurance savings For example, these questions may help highlight whether your personal situation would benefit from professional advice.

If you don't know the answers to these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.

In Summary

Low-cost Chevy Equinox insurance in Albuquerque can be sourced from both online companies and from local agencies, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not offer rates over the internet and most of the time these regional insurance providers only sell through local independent agents.

When you buy Albuquerque auto insurance online, it's a bad idea to buy poor coverage just to save money. Too many times, an accident victim reduced collision coverage only to regret at claim time that the savings was not a smart move. Your aim should be to purchase plenty of coverage for the lowest price while still protecting your assets.

Additional car insurance information is available below: