Who Has Affordable Auto Insurance for a Chevrolet Equinox in Portland?

Buying cheaper insurance for a Chevrolet Equinox in Oregon is pretty simple, but it relies on a lot of factors such as whether the vehicle is new, whether you are claim-free, and any prior driving offenses you have. Oregon drivers will pay around $1,003 annually to insure their Equinox, but that amount is an estimate based on a 40-year-old single male driver with full coverage and $500 deductibles.

There is a good probability you are not 40 years old and maybe not even male, married instead of single, or maybe you’re a renter instead of a homeowner. There is no perfect policy for every driver, so the best method for finding cheap car insurance rates for your Chevrolet is to just take the time to compare rates yourself.

Compare Chevrolet Equinox Insurance Rates

Vehicle trim level will be a contributing factor to the annual cost of coverage, so the price you pay to insure a Equinox LS 2WD model will cost $94 less than the price to insure the more expensive Equinox LTZ AWD model, as shown below.

Chevrolet Equinox Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Equinox LS 2WD $196 $386 $386 $22 $116 $1,106 $92
Equinox LT 2WD $196 $386 $386 $22 $116 $1,106 $92
Equinox LS AWD $196 $386 $386 $22 $116 $1,106 $92
Equinox LT AWD $196 $386 $386 $22 $116 $1,106 $92
Equinox LTZ 2WD $222 $454 $386 $22 $116 $1,200 $100
Equinox LTZ AWD $222 $454 $386 $22 $116 $1,200 $100
Equinox LTZ AWD $222 $454 $386 $22 $116 $1,200 $100
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Table data does not factor in zip code location which can impact price quotes substantially.

How to find a good Portland auto insurance company

Insuring your vehicle with a highly-rated car insurance provider can be a challenge considering how many different insurance companies sell coverage in Portland. The company rank data shown below can help you analyze which car insurance companies to look at when insurance shopping for a Chevrolet Equinox.

These rankings are for large, nationwide insurance companies, so smaller regional companies are not included in these rankings. To check prices from the insurers below and more, click here.

Top 10 Large Auto Insurance Companies Overall in Portland

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Progressive
  9. Allstate
  10. Nationwide

Top 10 Large Auto Insurance Companies in Portland Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. GEICO – A++
  4. State Farm – A++
  5. The Hartford – A+
  6. Esurance – A+
  7. Nationwide – A+
  8. Allstate – A+
  9. Progressive – A+
  10. The General – A-

The example below illustrates how choosing a deductible can influence annual premium costs when quoting cheap insurance for a Chevrolet Equinox. The prices are based on a married female driver, comp and collision included, and no discounts are taken into consideration.

A 30-year-old driver could reduce rates by $354 a year by increasing from a $100 deductible to a $500 deductible, or save $534 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old category, could drop their prices up to $754 each year by choosing larger deductibles on their policy.

If you do raise deductibles, it will be required to have additional savings on hand to offset the extra out-of-pocket expense that comes with higher deductibles.

Why are you paying too much for Equinox insurance?

Oregon auto insurance rates are calculated based on many things that can increase the price you pay. Simply having a birthday, filing a claim, or having an at-fault accident can trigger changes in premium that can cause some rates to be affordable when they were higher priced. Not only may your situation change, but auto insurance companies amend premium rates as often as every quarter in order to offset underwriting gains or losses. Heavy losses may result in more expensive prices, while less frequent claims may result in more affordable Equinox insurance rates.

To help illustrate this point, the chart below compares the cheapest car insurance in Portland, OR for a 35-year-old male driver with a clean driving record, no accidents, and a good credit rating. If we compare prices based on his current situation, Grange may offer the best car insurance rates in Portland at $926 a year. This is $552 less than the average premium paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA are the remainder of the cheapest Portland, OR auto insurance companies.

Now we will pretend the driver from the first rate comparison a chargeable accident, a little lower credit rating, and a speeding citation. Since each company has their own guidelines to determine rates, comparing insurance quotes will most likely result in a new list of the cheapest car insurance companies in Portland as shown below.

Amica now has the best insurance rate in Portland with GEICO, Country, Allied, and Mutual Enumclaw now rounding out the top five. This demonstrates why consumers need to take the time to do a thorough rate comparison when trying to find cheap auto insurance rates for a Chevrolet Equinox. Auto insurance prices are made up of many risk factors and change substantially, so the cheapest rate the last time you compared rates may now be quite expensive.