How Much is Lubbock Auto Insurance for a Chevrolet Equinox?

Finding cheap insurance for a Chevrolet Equinox in Texas hinges on a very complex rating algorithm that uses multiple factors such as annual vehicle mileage, your address, and your motor vehicle report. Drivers in Texas pay on average $1,318 annually for Equinox insurance, but that is an approximation using a 50-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.

More likely than not, you’re not a 50-year-old female, possibly married instead of single, or maybe you have a speeding ticket that needs to be factored in. This illustrates why the best method for finding cheap insurance prices for your Chevrolet is to compare as many rates as possible. It only takes a few minutes and you will receive prices from the best companies that insure Chevrolet vehicles in Texas.

Cheapest Chevrolet Equinox Insurance Rates

The trim level of your Chevrolet tends to have a direct effect on price, so the price you will pay to insure a Equinox LS 2WD model will be $140 cheaper than the price to insure the higher-end Equinox LTZ AWD version, as shown in the chart below.

Chevrolet Equinox Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $282 $580 $430 $26 $128 $1,446 $121
Equinox LT 2WD $282 $580 $430 $26 $128 $1,446 $121
Equinox LS AWD $282 $580 $430 $26 $128 $1,446 $121
Equinox LT AWD $282 $580 $430 $26 $128 $1,446 $121
Equinox LTZ 2WD $318 $684 $430 $26 $128 $1,586 $132
Equinox LTZ AWD $318 $684 $430 $26 $128 $1,586 $132
Equinox LTZ AWD $318 $684 $430 $26 $128 $1,586 $132
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in your specific Lubbock location which can modify coverage prices noticeably.

Lubbock insurance companies

Buying coverage from the highest-rated car insurance company is difficult considering how many companies there are to choose from in Lubbock. The ranking information in the lists below may help you pick which car insurance providers you want to consider purchasing a policy from. The rankings below only include companies who write in the majority of U.S. states, so companies that may only write in Texas are not taken into consideration for the list.

Lubbock, TX Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Should you buy full coverage?

Paying less for insurance should be important to most vehicle owners, and one common way to reduce the cost of insurance for a Chevrolet Equinox is to not buy comprehensive and collision coverage. The illustration below illustrates the comparison of car insurance costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Averaged for all age groups, physical damage insurance costs $1,890 per year more than carrying just liability coverage. A very common question is if you should buy full coverage. There is no set guideline to stop paying for physical damage coverage, but there is a general school of thought. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping full coverage is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Why you should compare rates

Lubbock, TX insurance rates are impacted by many factors that may substantially change your annual premium. Getting older, buying a new vehicle, or getting into an accident can trigger rate changes that can cause some rates to be cheaper than competitors.

Not only may your risk profile change, but companies change the rates they charge in Texas multiple times each year to adjust for unexpected claims or profits. A period of increased losses can cause higher priced premiums, while profitable underwriting may produce lower-priced Equinox insurance rates.

For example, the bar chart below shows the cheapest car insurance in Lubbock, TX for a 30-year-old male driver with a clear driving record, no claims, and good credit. Based on his personal profile, Travelers offers the most affordable car insurance rates in Lubbock at $1,189 per year. This is $715 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest Lubbock, TX auto insurance companies.

Let’s now give the driver from the first example an accident claim, poor credit, and a blemish on his driving record. Because every insurance company has their own formula for setting prices, comparing quotes could result in a different ranking of affordable companies as shown below.

Mercury now has the best insurance rate in Lubbock, TX with State Farm, USAA, Nationwide, and Safe Auto also having competitive pricing. This example demonstrates why consumers need to take the time to shop around to find the most affordable car insurance rates for a Chevrolet Equinox.

Insurance rates are impacted by many risk factors and change substantially, so the best option the last time you shopped around may now be costing you a lot of money.

If you prefer to have a professional recommendation when buying car insurance for a Chevrolet Equinox, the professional agents shown below can provide answers to your questions and help you determine which policy is best. To locate a Lubbock car insurance agency close to you, click the button after the list.

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