Lower Your 2016 Chevrolet Impala Insurance Rates

No normal person loves paying for insurance coverage, especially when they are aware that the cost is too high. Multiple car insurance companies compete to insure your vehicles, so it’s not easy to compare every provider to find the absolute lowest rate possible.

The Chevy Impala insurance price equation

When buying insurance it’s important to understand the rating factors that go into determining the rates you pay for insurance. When you know what positively or negatively positively or negatively impacts your premiums, this enables you to make decisions that may reward you with big savings.

The itemized list below are some of the most rate-impacting factors insurance companies consider when setting your premiums.

  • Having a spouse is a good thing – Your spouse may cut your premiums when shopping for insurance. It translates into being more mature and responsible it has been statistically shown that married drivers tend to have fewer serious accidents.
  • Low deductibles cost more – Insurance for physical damage to your car, aka comp and collision, protects your Chevy from damage. Some examples of covered claims could be a windshield shattered by a rock, damage from fire, and having your car stolen. Physical damage deductibles tell how much you are willing to pay if a covered claim is submitted. The more damage repair cost you have to pay, the lower your rates will be for Impala coverage.
  • No insurance policy gaps is important – Driving any period of time without insurance is a misdemeanor and as a result your rates will increase for letting your coverage lapse. And not only will your rates increase, the inability to provide proof of insurance could result in a steep fine or even jail time.
  • You may save more by bundling policies – Most insurance companies will give lower prices to buyers that buy multiple policies. It’s known as a multi-policy discount. Even with this discount, it’s in your best interest to compare other company rates to help ensure you have the lowest rates.

Verify you’re applying every discount

Insurance coverage is not cheap nor is it fun to buy but there’s a good chance there are discounts that can dramatically reduce your bill. Some discounts will apply at quote time, but a few must be specially asked for before they will apply. If you are not receiving all the discounts possible, you could be paying more than you need to.

  • Accident Forgiveness Coverage – This one is not really a discount per se, but companies like GEICO and Liberty Mutual will turn a blind eye to one accident without raising rates as long as you don’t have any claims before the accident.
  • Low Mileage Discounts – Fewer annual miles on your Chevy could qualify for cheaper premium rates.
  • E-sign – A few insurance coverage companies will discount your bill up to fifty bucks just for signing your application on their website.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles are less likely to be stolen so companies will give you a small discount.
  • Bundle and Save – If you have multiple policies and insure them both with the same insurance company you will save up to 20% off your total premium.
  • Early Switch Discount – Some insurance coverage companies provide a discount for switching policies early. Ten percent is about the average savings.
  • College Student Discount – Older children who are enrolled in a college that is more than 100 miles from home and do not have a car can be insured at a reduced rate.
  • Drivers Education – Teen drivers should complete a driver education course in high school.
  • Passive Restraints – Cars that have air bags or motorized seat belts could see savings as much as 30%.

One thing to note about discounts is that most discount credits are not given to all coverage premiums. Most only cut specific coverage prices like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.

Auto insurance companies that may include these money-saving discounts possibly include:

Before you buy a policy, ask all companies you are considering how you can save money. Some of the discounts discussed earlier may not apply to policyholders in your area. To find insurance coverage companies with discount rates, click this link.

Why you might not save $430 a year

Consumers can’t ignore all the ads that promise big savings for switching by companies like State Farm, GEICO and Progressive. They all seem to convey the message that you can save if you move to them.

How can each company offer drivers better rates? Here is how they do it.

Different companies have a certain “appetite” for the right customer that will add to their bottom line. For example, a profitable risk profile might be between 30 and 50, has no claims, and drives a vehicle with a low ISO rating. A customer who matches that profile will get very good rates as well as save quite a bit of money when switching.

Consumers who fall short of those standards will get a higher rate which translates to the driver buying from a lower-cost company. If you pay close attention to the ads, they say “people that switch” but not “everyone who gets a quote” save money. That’s the way insurance companies can make those claims. Because of these techniques, drivers should compare free insurance coverage quotes often. It’s impossible to know which insurance companies will provide the lowest prices.

When should I discuss my situation with an agent?

When it comes to choosing the best car insurance coverage, there really is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions might help in determining if your situation might need professional guidance.

  • When should I remove comp and collision on my 2016 Chevy Impala?
  • Do I need an umbrella policy?
  • What can I do if my company denied a claim?
  • Should I put collision coverage on all my vehicles?
  • What happens if I owe more than my 2016 Chevy Impala is worth?
  • Do I benefit by insuring my home with the same company?
  • Does coverage extend to Mexico or Canada?
  • Does my medical payments coverage pay my health insurance deductible?

If you can’t answer these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Insurance coverage options for a 2016 Chevy Impala

Knowing the specifics of your policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages available from insurance companies.

Comprehensive coverage

This coverage pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from a tornado or hurricane, a broken windshield, falling objects, damage from getting keyed and hitting a bird. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like rehabilitation expenses, surgery, X-ray expenses, ambulance fees and pain medications. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability insurance

Liability insurance can cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as repair bills for other people’s vehicles, attorney fees, court costs, emergency aid and medical expenses. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Collision coverage

Collision insurance will pay to fix damage to your Impala caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as backing into a parked car, colliding with a tree and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Affordable insurance is out there

We just showed you a lot of information how to lower your 2016 Chevy Impala insurance prices. It’s most important to understand that the more rate comparisons you have, the higher the chance of saving money. You may even discover the lowest prices are with a company that doesn’t do a lot of advertising. These companies often have lower rates on specific markets than their larger competitors like Allstate, GEICO and Progressive.

Cost effective 2016 Chevy Impala insurance is definitely available on the web as well as from insurance agents, so you need to quote insurance coverage with both in order to have the best price selection to choose from. There are still a few companies who do not provide online rate quotes and these regional carriers provide coverage only through independent insurance agents.

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