Cheapest Chevy Equinox Insurance in Oklahoma City

It’s amazing but most car insurance customers have been with the same company for four years or more, and almost half have never shopped around. Oklahoma City drivers could save about $600 each year by just comparing quotes, but most tend to underestimate the benefits if they moved their coverage to a different company.

If saving money is your primary concern, then the best way to get affordable car insurance rates is to start comparing prices yearly from insurance carriers in Oklahoma City. This can be done by following these steps.

1. Try to learn about how car insurance works and the steps you can take to prevent expensive coverage. Many rating factors that drive up the price such as traffic tickets, fender benders, and a bad credit score can be amended by making minor driving habit or lifestyle changes.
2. Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Allstate, while independent agents can provide prices for a wide range of insurance providers.
3. Compare the new rates to your current policy premium and see if you can save money. If you can save money and make a switch, make sure there is no coverage gap between policies.
4. Notify your current company to cancel your existing policy. Submit a down payment along with a completed application to the new company. As soon as you receive it, safely store the certificate verifying coverage in a readily accessible location in your vehicle.

The key thing to remember is to compare the same coverage limits and deductibles on each quote request and to quote with as many different insurance providers as possible. Doing this provides the most accurate price comparison and the best price selection.

Finding the cheapest insurance coverage in Oklahoma City is much easier if you know where to start. If you have a policy now or are shopping for new coverage, you can use this information to lower your rates while maximizing coverage. Shoppers just have to know how to buy insurance instantly.

How to get Oklahoma City Chevy Equinox insurance quotes

The providers in the list below offer quotes in Oklahoma City, OK. If several companies are displayed, we suggest you compare several of them to get the best price comparison.

Get cheaper Chevy Equinox insurance in Oklahoma City with discounts

Properly insuring your vehicles can get expensive, but there could be available discounts to cut the cost considerably. A few discounts will automatically apply at the time of quoting, but a few must be specially asked for prior to receiving the credit.

• Government Employee Discount – Employees or retirees of the government can save as much as 8% with select insurance companies.
• Passive Restraints – Vehicles equipped with air bags may qualify for discounts up to 30%.
• Defensive Driver Discount – Participating in a safe driver course may get you a small discount if your company offers it.
• Life Insurance Discount – If the company offers life insurance, you could get a discount if you purchase a life insurance policy as well.
• Student in College – College-age children who are enrolled in higher education away from home and won’t have access to an insured vehicle could get you a discount.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use a seat belt may be able to save a few bucks on the premium charged for medical payments and/or PIP.

Just know that some credits don’t apply to your bottom line cost. Some only apply to individual premiums such as medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

The diagram below illustrates the difference between Chevy Equinox insurance costs with and without some available policy discounts. The information is based on a female driver, no claims or driving violations, Oklahoma state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, homeowner, marriage, and claim-free discounts applied.

Some of the insurance companies who might offer these benefits include:

• GEICO
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

Before purchasing a policy, check with each company to apply every possible discount. A few discounts might not be available to policyholders in Oklahoma City. To see a list of companies with the best Chevy Equinox insurance discounts in Oklahoma, follow this link.

Chevy Equinox insurance coverage information

The coverage table shown next showcases different insurance costs for Chevy Equinox models. Knowing how policy premiums are formulated can benefit drivers when making informed decisions.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific location which can raise or lower prices considerably.

Rate comparison for different deductibles

When shopping for insurance, a common question is where should you set your physical damage deductibles. The comparisons below summarize the rate difference between low and high coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Information does not factor in specific garaging location which can raise or lower coverage prices considerably.

Based on the figures above, using a $100 deductible costs approximately $47 more each month or $564 a year than selecting the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 19 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

How accidents and violations affect rates in Oklahoma City

The example below shows how traffic citations and accident claims influence Chevy Equinox annual premium costs for different age groups. The premium estimates are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are factored in.

Full coverage or liability only

The chart below illustrates the comparison of Chevy Equinox auto insurance rates with full physical damage coverage compared to only buying liability only. The data is based on no accidents, no driving violations, $1,000 deductibles, single marital status, and no discounts are applied.

When to eliminate full coverage

There is no clear-cut formula of when to stop paying for physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Chevy Equinox claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after the deductible is paid. If you are paying over $400 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where dropping full coverage is not advised. If you haven’t satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Get rate quotes but buy from a local neighborhood Oklahoma City car insurance agent

Certain consumers just want to visit with an insurance agent and that is recommended in a lot of cases Professional agents can point out coverage gaps and give you someone to call. One of the best bonuses of getting free rate quotes online is the fact that drivers can get cheap rate quotes but still work with a licensed agent.

Upon completion of this quick form, your insurance coverage information is sent to participating agents in Oklahoma City who will give you bids to get your business. You won’t even need to search for an agent due to the fact that quote results will go directly to your email. If you have a need to compare rates from a specific insurance provider, you would need to search and find their rate quote page and fill out the quote form the provide.

Choosing the best insurance company is decision based upon more than just the premium amount. Agents should be asked these questions:

• Do they prorate repair cost based on vehicle mileage?
• Do they have 24-hour customer assistance?
• Is the agency involved in supporting local community causes?
• How would your car be valued if totaled?
• Are they full-time agents?
• Do they receive special compensation for putting your coverage with one company over another?

When finding local Oklahoma City agents, it can be helpful to understand the different types of agents and how they are distinctly different. Agencies in Oklahoma City can either be exclusive or independent agents depending on their company appointments. Either can handle insurance, but we need to point out the differences because it can influence the type of agent you choose.

Exclusive Insurance Agencies

These agents can only provide one company’s prices and some examples include American Family, State Farm, and Allstate. They are unable to give you multiple price quotes so you need to shop around if the rates are high. Exclusive insurance agents are trained well on the products they sell which helps overcome the inability to quote other rates. Consumers sometimes use the same exclusive agent mainly due to the brand and solid financial strength.

The following are Oklahoma City exclusive agencies who can help you get rate quotes.

• David Hoffhines – State Farm Insurance Agent
  6444 Northwest Expy #450 – Oklahoma City, OK 73132 – (405) 787-1111 – View Map
• GEICO Insurance Agent
  6218 Northwest Expy – Oklahoma City, OK 73132 – (405) 384-1518 – View Map
• Jerry Black – State Farm Insurance Agent
  12325 N May Ave #117 – Oklahoma City, OK 73120 – (405) 751-1860 – View Map

View more Oklahoma City agents

Independent Insurance Agents

Independent agents do not work for one specific company and that allows them to write policies through lots of different companies and get the cheapest rates. If your agent finds better pricing, they simply switch companies in-house which is easy for the insured.

If you are comparing rate quotes, you need to get some free quotes from at a minimum one independent agency to ensure the widest selection of prices. Most also write with smaller regional carriers that may have much lower rates than larger companies.

Listed below is a short list of independent insurance agents in Oklahoma City that can give you price quotes.

• State Auto Insurance Agency Inc
  4717 S Western Ave – Oklahoma City, OK 73109 – (405) 631-5575 – View Map
• Insurance Center Agency Inc
  Union Plaza, 5600 N May Ave #300 – Oklahoma City, OK 73112 – (405) 843-0793 – View Map
• Oklahoma Insurance Center Inc
  538 E Memorial Rd – Oklahoma City, OK 73114 – (405) 608-4422 – View Map

View more Oklahoma City agents

Auto insurance company ratings

Picking the top car insurance company can be difficult considering how many companies there are in Oklahoma City. The ranking information shown next can help you select which providers to look at comparing rates from.

Parts of your auto insurance policy

Learning about specific coverages of a auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for surgery, ambulance fees and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Collision coverage – This will pay to fix damage to your Equinox caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things such as sideswiping another vehicle, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to raise the deductible on your Equinox to get cheaper collision coverage.

Auto liability insurance – This can cover damage or injury you incur to people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like repair costs for stationary objects, legal defense fees, court costs and loss of income. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible. Oklahoma requires drivers to carry at least 25/50/25 but drivers should carry higher limits.

The chart below demonstrates why low liability limits may not be enough.

Comprehensive coverages – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like hail damage, vandalism and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured and underinsured coverage – This provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many Oklahoma drivers only carry the minimum required liability limits (25/50/25 in Oklahoma), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Don’t give up on affordable coverage

We covered quite a bit of information on how to compare Chevy Equinox insurance rates in Oklahoma City. It’s most important to understand that the more you quote Oklahoma City car insurance, the better your chances of lowering your auto insurance rates. You may even discover the most savings is with a smaller regional carrier.

As you go through the steps to switch your coverage, never reduce coverage to reduce premium. There are a lot of situations where an insured dropped liability limits or collision coverage and discovered at claim time that it was a big mistake. Your focus should be to buy enough coverage for the lowest price, but do not sacrifice coverage to save money.

Some insurance companies may not provide rate quotes online and most of the time these small, regional companies prefer to sell through independent insurance agents. Lower-priced car insurance in Oklahoma City is attainable from both online companies as well as from independent agents in Oklahoma City, and you should compare price quotes from both so you have a total pricing picture.

Additional information is available below:

• No-Fault Auto Insurance Statistics (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance for Uninsured Drivers in Oklahoma City? (FAQ)
• Who Has the Cheapest Auto Insurance for Drivers Over Age 50 in Oklahoma City? (FAQ)
• Five Mistakes to Avoid (Insurance Information Institute)
• Determining Auto Insurance Rates (GEICO)