Chevrolet Equinox EV Insurance Rates
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Mar 28, 2024
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The average insurance prices for a Chevrolet Equinox EV are $1,436 every 12 months for full coverage. Comprehensive insurance costs an estimated $346 each year, collision costs $542, and liability coverage costs around $390. Liability-only coverage costs as low as $452 a year, with high-risk coverage costing $3,078 or more. Teenage drivers cost the most to insure at $5,228 a year or more.
Average premium for full coverage: $1,436
Policy rates broken down by type of insurance:
Estimates include $500 policy deductibles, 30/60 liability coverage, and includes both medical and UM/UIM coverage. Prices are averaged for all states and Equinox EV models.
Price Range Variability
For the normal driver, Chevrolet Equinox EV insurance rates go from the cheapest price of $452 for basic liability insurance to a high rate of $3,078 for a policy for a high-risk driver.
Urban vs. Rural Price Range
Where you live has a large influence on insurance rates. More rural locations are shown to have more infrequent accident claims than densely populated cities.
The graphic below illustrates how geographic area affects insurance prices.
The examples above show why all drivers should compare prices for a targeted area and their own driving history, rather than using average rates.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Rate Comparisons
The chart below shows estimated Chevrolet Equinox EV insurance rates for other coverage scenarios.
- The best discount rate is $832
- Using higher $1,000 deductibles will save approximately $204 a year
- The average price for a good driver age 40 who has $500 deductibles is $1,436
- Using low deductibles for physical damage coverage costs an extra $386 each year
- Higher-risk drivers who are prone to accidents and violations could pay up to $3,078 or more
- Policy cost to insure a teenage driver can cost as much as $5,228 or more
Insurance rates for a Chevrolet Equinox EV also range considerably based on liability limits and deductibles, your driver profile, and the model year and trim level.
Using high physical damage deductibles could cut rates by as much as $590 a year, whereas increasing liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $351 more each year. View Rates by Deductible or Liability Limit
More mature drivers with no violations or accidents and higher deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay at least $5,200 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you could be paying $1,700 to $2,300 additional every year, depending on your age. Insurance for high-risk drivers can be around 44% to 133% more than a normal policy. View High Risk Driver Rates
Your home state has a huge impact on Chevrolet Equinox EV insurance rates. A driver around age 40 might see rates as low as $950 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,050 on average in New York, Louisiana, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,296 | -$140 | -9.7% |
| Alaska | $1,100 | -$336 | -23.4% |
| Arizona | $1,190 | -$246 | -17.1% |
| Arkansas | $1,436 | -$0 | 0.0% |
| California | $1,634 | $198 | 13.8% |
| Colorado | $1,370 | -$66 | -4.6% |
| Connecticut | $1,476 | $40 | 2.8% |
| Delaware | $1,626 | $190 | 13.2% |
| Florida | $1,796 | $360 | 25.1% |
| Georgia | $1,326 | -$110 | -7.7% |
| Hawaii | $1,030 | -$406 | -28.3% |
| Idaho | $970 | -$466 | -32.5% |
| Illinois | $1,070 | -$366 | -25.5% |
| Indiana | $1,080 | -$356 | -24.8% |
| Iowa | $970 | -$466 | -32.5% |
| Kansas | $1,364 | -$72 | -5.0% |
| Kentucky | $1,958 | $522 | 36.4% |
| Louisiana | $2,126 | $690 | 48.1% |
| Maine | $886 | -$550 | -38.3% |
| Maryland | $1,184 | -$252 | -17.5% |
| Massachusetts | $1,148 | -$288 | -20.1% |
| Michigan | $2,494 | $1,058 | 73.7% |
| Minnesota | $1,200 | -$236 | -16.4% |
| Mississippi | $1,718 | $282 | 19.6% |
| Missouri | $1,272 | -$164 | -11.4% |
| Montana | $1,542 | $106 | 7.4% |
| Nebraska | $1,132 | -$304 | -21.2% |
| Nevada | $1,720 | $284 | 19.8% |
| New Hampshire | $1,034 | -$402 | -28.0% |
| New Jersey | $1,604 | $168 | 11.7% |
| New Mexico | $1,272 | -$164 | -11.4% |
| New York | $1,512 | $76 | 5.3% |
| North Carolina | $828 | -$608 | -42.3% |
| North Dakota | $1,176 | -$260 | -18.1% |
| Ohio | $992 | -$444 | -30.9% |
| Oklahoma | $1,474 | $38 | 2.6% |
| Oregon | $1,314 | -$122 | -8.5% |
| Pennsylvania | $1,370 | -$66 | -4.6% |
| Rhode Island | $1,916 | $480 | 33.4% |
| South Carolina | $1,302 | -$134 | -9.3% |
| South Dakota | $1,210 | -$226 | -15.7% |
| Tennessee | $1,258 | -$178 | -12.4% |
| Texas | $1,730 | $294 | 20.5% |
| Utah | $1,062 | -$374 | -26.0% |
| Vermont | $982 | -$454 | -31.6% |
| Virginia | $860 | -$576 | -40.1% |
| Washington | $1,108 | -$328 | -22.8% |
| West Virginia | $1,316 | -$120 | -8.4% |
| Wisconsin | $994 | -$442 | -30.8% |
| Wyoming | $1,280 | -$156 | -10.9% |
Because rates have so much variability, the only way to know which auto insurance is cheapest is to do a rate comparison and see how they stack up. Each insurance company uses a different method to calculate rates, and rates will be varied.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Chevrolet Equinox EV | $346 | $542 | $390 | $1,436 |
| 2023 Chevrolet Equinox EV | $332 | $536 | $398 | $1,424 |
Rates are averaged for all Chevrolet Equinox EV models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for Low Cost Chevrolet Equinox EV Insurance
Finding cheaper rates on auto insurance requires being a good driver, having above-average credit, avoid buying unnecessary coverage, and maximizing policy discounts. Invest the time to compare rates every year by getting quotes from direct carriers, and also from several local insurance agents.
The following list is a review of the coverage data presented in the illustrations above.
- Drivers can save approximately $170 per year simply by quoting online in advance
- Increasing comprehensive and collision deductibles could save as much as $600 each year
- Drivers age 16 to 20 are expensive to insure, costing up to $436 each month if full coverage is included
- Drivers who have several accidents or serious violations pay on average $1,640 more annually than a safer driver
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,228 |
| 20 | $3,268 |
| 30 | $1,500 |
| 40 | $1,436 |
| 50 | $1,308 |
| 60 | $1,282 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,822 |
| $250 | $1,644 |
| $500 | $1,436 |
| $1,000 | $1,232 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,436 |
| 50/100 | $1,514 |
| 100/300 | $1,612 |
| 250/500 | $1,865 |
| 100 CSL | $1,553 |
| 300 CSL | $1,768 |
| 500 CSL | $1,924 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,462 |
| 20 | $5,190 |
| 30 | $3,148 |
| 40 | $3,078 |
| 50 | $2,930 |
| 60 | $2,904 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $77 |
| Multi-vehicle | $73 |
| Homeowner | $21 |
| 5-yr Accident Free | $104 |
| 5-yr Claim Free | $92 |
| Paid in Full/EFT | $65 |
| Advance Quote | $70 |
| Online Quote | $102 |
| Total Discounts | $604 |
Discounts are estimated and may not be available from every company or in every state.
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