Buying economical car insurance for a Chevrolet Equinox in Hawaii is fairly simple, but it hinges on a complex formula that considers things such as how many years you have been driving, where your vehicle is garaged, and if you have tickets or violations. Hawaii drivers pay around $1,033 annually to insure their Equinox, but that cost is an estimation calculated based on a 40-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.
If we were betting, you’re not a 40-year-old male, maybe you are married instead of single, or maybe you are just looking for cheap liability insurance. Everyone has unique insurance needs, and this illustrates why the only way to find cheap car insurance rates for your Chevrolet is to compare rates from as many companies as possible. To cut your rates now, get a free quote and you will receive rate quotes from the best auto insurance companies that insure vehicles in Hawaii.
The specific model of Equinox will most likely have an effect on the annual cost of coverage, so the price you will pay to insure a Equinox LS 2WD trim level will be $112 lower than the insurance cost for the more costly Equinox LTZ AWD version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Equinox LS 2WD||$224||$474||$320||$18||$96||$1,132||$94|
|Equinox LT 2WD||$224||$474||$320||$18||$96||$1,132||$94|
|Equinox LS AWD||$224||$474||$320||$18||$96||$1,132||$94|
|Equinox LT AWD||$224||$474||$320||$18||$96||$1,132||$94|
|Equinox LTZ 2WD||$252||$558||$320||$18||$96||$1,244||$104|
|Equinox LTZ AWD||$252||$558||$320||$18||$96||$1,244||$104|
|Equinox LTZ AWD||$252||$558||$320||$18||$96||$1,244||$104|
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in specific Honolulu garaging location which can impact insurance rates substantially.
Ending up with a highly-rated insurance company can be difficult considering how many choices you have in Honolulu. The rank data below could help you decide which auto insurers you want to consider comparing rates from. These ratings only include companies that write coverage in many states, so smaller regional companies are not taken into consideration for these rankings.
Top 10 Large Auto Insurance Companies in Honolulu Ranked by Value
- American Family
- The Hartford
- State Farm
- AAA Insurance
- Liberty Mutual
Top 10 Large Auto Insurance Companies in Honolulu Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- Liberty Mutual – 88%
- Allstate – 88%
- Esurance – 87%
- Progressive – 87%
The example below shows how choosing a deductible can impact annual premium costs when trying to find cheap insurance for a Chevrolet Equinox. Data assumes a married female driver, full coverage, and no discounts are applied to the premium.
A 30-year-old driver could lower their car insurance rates by $252 a year by increasing from a $100 deductible up to a $500 deductible, or save $380 by using a $1,000 deductible. Even younger insureds, like the 20-year-old, could possibly save $536 annually by choosing larger deductibles on their policy.
When increasing deductibles, it is necessary to have enough funds in savings to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Discount Honolulu car insurance
Car insurance companies that provide coverage for a Chevrolet Equinox may additionally offer special discounts that can lower rates by as much as 35% if you meet specific criteria. A list of car insurance companies and some of the premium reductions they offer can be found below.
- GEICO includes discounts for federal employee, defensive driver, daytime running lights, membership and employees, five-year accident-free, emergency military deployment, and seat belt use.
- Travelers may include discounts for student away at school, save driver, continuous insurance, new car, good student, and payment discounts.
- Nationwide offers discounts for family plan, business or organization, good student, accident-free, anti-theft, defensive driving, and multi-policy.
- Farmers Insurance may have discounts that include homeowner, business and professional, distant student, switch companies, and teen driver.
- Esurance offers discounts including homeowner, online quote, Switch & Save, Pac-12 alumni, and safety device.
- State Farm has discounts for good student, anti-theft, multiple policy, passive restraint, and Drive Safe & Save.
- Progressive discounts include online quote discount, continuous coverage, online signing, homeowner, multi-policy, and multi-vehicle.
- Mercury Insurance may offer discounts for good driver, age of vehicle, multi-policy, ease of repair, accident-free, and location of vehicle.
The chart below visualizes the comparison of car insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, no accidents or driving violations, Hawaii state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with claim-free, passive restraint, multiple policy, safe-driver, accident-free, and homeowner discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a Chevrolet Equinox is 28% or $373.
Why it’s important to shop around
Honolulu, HI car insurance rates are impacted by many factors which can significantly increase or decrease the cost of having a policy. Improving your credit score, getting married, or getting a ticket for running a stop sign may cause policy rate changes that can cause some rates to be cheaper than competitors. In addition to those changes, insurers change the rates they charge in Hawaii every year or even multiple times each year to adjust for heavy claims or excess profits. An unexpected high level of claims may cause price increases, while better underwriting can produce lower-priced Equinox insurance rates.
For example, the data below shows the cheapest car insurance in Honolulu, HI for a 35-year-old male driver with a clear driving record, no claims, and a good credit rating. Based on his personal risk profile, USAA might quote the best car insurance rates in Honolulu at $1,003 annually. This is $593 less than the average price paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive also make the list of the best Honolulu, HI auto insurance companies.
Let’s now give the driver in the first example a chargeable claim, poor credit, and a blemish on his driving record. Since each company has a proprietary formula for filing rates in each state, comparing rates may now result in a different set of affordable companies as shown below.
State Farm now has the cheapest car insurance in Honolulu, HI with GEICO, USAA, First of Hawaii, and Liberty Mutual completing the list. This example proves why Hawaii drivers need to do a thorough rate comparison when trying to get the lowest car insurance quotes for a Chevrolet Equinox. Insurance rates are impacted by many things and can decrease or increase without notice, so the most economical option the last time you checked may now cost much more than other companies.
The insurance agencies below are a good start to help you make a decision which coverages are best, as lots of drivers aren’t clear which coverage they need and would like to have a consultation when shopping for the best coverage for an Equinox. It can be hard to find the cheapest auto insurance company, and getting professional guidance from a licensed agent can bring peace of mind knowing your coverage gives you suitable coverage if you have an accident.
To find an auto insurance agency close to where you live, click the button following the list.
Doug Kam-Young – State Farm Insurance Agent
2841 Kaonawai Pl – Honolulu, HI 96822 – (808) 988-7011
State Farm Insurance: Shelli Toguchi-Hadley
4510 Salt Lake Boulevard Unit D15 – Honolulu, HI 96818 – (808) 486-1111
Sue Ann Lu – State Farm Insurance Agent
210 Ward Ave #116 – Honolulu, HI 96814 – (808) 587-6116
Cindy Perkins – State Farm Insurance Agent
1313 S Beretania St #100 – Honolulu, HI 96814 – (808) 593-8221
How to find low-cost car insurance for a Chevrolet Equinox
The list below details some of the recommended thrifty suggestions that can help Hawaii drivers locate lower-cost car insurance.
- Do not waste money insuring older vehicles for full coverage
- Accidents can significantly increase rates
- Discounts for being claim-free can be substantial
- Higher comprehensive and collision coverage deductibles will save money
- You will pay more if you get tickets or have at-fault accidents
- Compare rate quotes frequently
The final tip is remarkably critical, as we hit on in the prior information. Prices change frequently, so drivers shouldn’t be reluctant to switch companies if a lower-cost policy is available. Staying with the same car insurance company is fine, but it’s not a good idea if that stubbornness costs you a lot of money. Spend a few minutes and compare rates to find cheaper insurance for a Chevrolet Equinox in Honolulu.