Proven Methods to Paying Less to Insure a Chevy Impala

Having to pay for overpriced car insurance can take a big chunk out of your personal savings and force you to prioritize other expenses. Doing a price comparison is a great way to make sure you’re not throwing money away.

Big-name insurance companies like GEICO, 21st Century and Progressive all promote huge savings with ad campaigns and consumers find it hard to see through the deception and find the best price available.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using this strategy. Buying car insurance is not rocket science. Nevertheless, consumers need to have an understanding of the way insurance companies determine prices because it can help you find the best coverage.

Comparison of Car Insurance

Comparing car insurance rates can take time and effort if you don’t understand the fastest way to get free quotes. You can spend countless hours discussing policy coverages with local insurance agents in your area, or you can utilize online quoting for quick rates.

The majority of car insurance companies belong to a marketplace that allows shoppers to complete one form, and each participating company returns a competitive quote. This prevents consumers from doing repetitive form submissions to each individual car insurance company. To get comparison pricing now click to open in new window.

The one disadvantage to using this type of form is you can’t choose the insurers you will receive quotes from. So if you want to select from a list of companies to receive pricing from, we have a listing of companies who write car insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just ensure you are comparing apples-to-apples coverage limits for each comparison quote. If you enter differing limits you will not be able to determine the lowest rate for your Chevy Impala. Slightly different coverage limits can mean a large discrepancy in price. And when quoting car insurance, remember that comparing a large number of companies will enable you to find the best price.

Policy discounts you shouldn’t miss

Companies that sell car insurance do not list all available discounts in an easy-to-find place, so we took the time to find some of the more common and also the lesser-known ways to save on car insurance.

• Club Memberships – Being a member of certain professional organizations could qualify you for a break when shopping for car insurance on Impala coverage.
• Sign Early and Save – A few companies offer discounts for buying a policy before your current policy expires. It can save you around 10%.
• No Charge for an Accident – Some insurance companies will allow you to have one accident before raising your premiums if your claims history is clear for a certain period of time.
• Government Employees – Employees or retirees of the government can earn a discount up to 10% on Impala coverage with certain companies.
• Use Seat Belts – Requiring all passengers to use their safety belts can save 10% or more off your medical payments premium.
• Own a Home – Owning a house may earn you a small savings because owning a home requires personal responsibility.
• Pay Upfront and Save – By paying your policy upfront instead of paying each month you can actually save on your bill.

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, it just doesn’t work that way.

For a list of insurance companies with the best car insurance discounts, follow this link.

Factors that might impact rates for a Chevy Impala

Smart consumers have a good feel for the different types of things that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that will entitle you to better car insurance rates.

• Marriage brings a discount – Having a spouse can get you a discount on your policy. Having a significant other means you’re more responsible and statistics show married drivers get in fewer accidents.
• Allowing your policy to lapse raises rates – Having an insurance coverage lapse will be a guaranteed way to pay more for car insurance. Not only will rates go up, failure to provide proof of insurance may earn you a hefty fine and possibly a revoked license.You may have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
• Your credit rating is important – Credit score is a huge factor in calculating your car insurance rates. So if your credit score is lower than you’d like, you could be paying less to insure your Chevrolet Impala by improving your rating. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with poor credit.
• Too many car insurance claims drive up costs – Insurance companies award lower rates to people who do not file claims often. If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
• Choose a safe vehicle and save – Safer cars are cheaper to insure. The safest vehicles reduce injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If the Chevy Impala earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
• The type of vehicle makes a difference – The type of vehicle you are insuring makes a substantial difference in the rate you pay. The cheapest insurance rates tend to be for economy passenger cars, but other factors influence the final cost greatly. Because the Chevrolet Impala is considered a passenger car, rates will be similar in price or lower compared to average rates.
• Teen drivers pay high rates – Mature drivers tend to be more responsible, tend to file fewer claims and get fewer tickets. Teenage drivers tend to be more careless in a vehicle and because of this, their car insurance rates are much higher.
• Do you know your deductibles? – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Chevy from damage. Some examples of claims that would be covered are a windshield shattered by a rock, damage from fire, or theft. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket before your car insurance pays a claim. The more the insured has to pay upfront, the lower your rates will be on Impala coverage.

Are car insurance companies telling the truth?

Car insurance companies such as State Farm, Allstate and GEICO constantly bombard you with television and radio advertisements. They all seem to have a common claim about savings if you switch your policy. How can each company make the same claim? This is how they do it.

All the different companies are able to cherry pick for the type of driver they prefer to insure. For instance, a profitable customer could possibly be between the ages of 40 and 55, has no driving citations, and drives newer vehicles. A driver that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save quite a bit of money when switching.

Consumers who fall outside this ideal profile will be quoted more money and ends up with the customer not buying. The ad wording is “customers who switch” not “everybody who quotes” save money. That is how companies can truthfully make the claims of big savings. This emphasizes why it’s extremely important to get a wide range of price quotes. It’s not possible to predict which company will have the lowest rates.

Final thoughts

As you go through the steps to switch your coverage, make sure you don’t buy poor coverage just to save money. In too many instances, an accident victim reduced liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

Cheap Chevy Impala insurance can be found online and also from your neighborhood agents, so compare prices from both in order to have the best chance of saving money. Some car insurance companies may not provide you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.