Would you like to save money by finding cheaper Chevy Impala insurance in Evansville? Finding more affordable premium rates on Chevy Impala insurance in Evansville might be kind of frustrating for people new to quoting coverage prices online. Since there are so many insurance companies available, it can easily turn into a real challenge to find better prices on Chevy Impala insurance.

Insurance rates Chevy Impala in EvansvilleShocking but true, about 70% of customers kept their policy with the same company for a minimum of four years, and nearly the majority have never taken the time to shop around. Indiana insurance shoppers could save themselves almost 55% a year just by shopping around, but most just don't grasp how much savings they would realize if they switched to a more affordable policy.

It's a great practice to do price comparisons periodically because car insurance prices change frequently. Just because you found the best price on Chevy Impala insurance in Evansville on your last policy there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about car insurance because we're going to show you the only way to reduce your cost while increasing coverage.

Best companies for Chevy Impala insurance

The auto insurance companies shown below can provide quotes in Evansville, IN. If multiple companies are shown, we recommend you compare several of them to get a more complete price comparison.

Chevrolet Impala Insurance Rates in Evansville, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $162 $358 $294 $18 $88 $920 $77
Impala LS $148 $310 $270 $16 $80 $824 $69
Impala LT $198 $336 $290 $18 $86 $928 $77
Impala LT $134 $230 $280 $16 $84 $744 $62
Impala LTZ $208 $530 $318 $18 $94 $1,168 $97
Impala LTZ $160 $320 $290 $18 $86 $874 $73
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in specific location information which can affect price quotes substantially.

Cost difference between full coverage and liability

The example below examines Chevrolet Impala insurance premiums with liability coverage only compared to full coverage. The costs are based on no violations or claims, $250 deductibles, single male driver, and no other discounts are factored in.

Are you wasting money on full coverage?

There is no clear-cut rule for excluding full coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% 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 Chevrolet Impala settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after paying your deductible. If you are paying in excess of $200 a year to have full coverage, then you might consider buying liability only.

There are some situations where dropping full coverage is not advised. If you haven't satisfied your loan, you have to carry full coverage to protect the lienholder's interest. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Choosing deductibles

The hardest decision when buying coverage is how high should your deductibles be. The rates below outline how much more you'll pay when you buy lower versus higher deductibles. The first rate quote example uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.

Chevrolet Impala insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $210 $436 $280 $16 $84 $1,051 $88
Impala LS $210 $436 $280 $16 $84 $1,051 $88
Impala LT $242 $436 $280 $16 $84 $1,083 $90
Impala LT $242 $436 $280 $16 $84 $1,083 $90
Impala LTZ $242 $514 $280 $16 $84 $1,161 $97
Impala LTZ $242 $514 $280 $16 $84 $1,161 $97
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Chevrolet Impala insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $154 $294 $280 $16 $84 $828 $69
Impala LS $154 $294 $280 $16 $84 $828 $69
Impala LT $176 $294 $280 $16 $84 $850 $71
Impala LT $176 $294 $280 $16 $84 $850 $71
Impala LTZ $176 $348 $280 $16 $84 $904 $75
Impala LTZ $176 $348 $280 $16 $84 $904 $75
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Table data does not factor in vehicle garaging location which can impact coverage prices greatly.

Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $20 more each month or $240 annually than opting for the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 20 months between claim filings, you would probably come out ahead if you elect the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $100 deductibles: $92
Average monthly premium for $500 deductibles (subtract): - $72
Monthly savings from raising deductible: $20
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

An important sidenote is that raising deductibles to save money results in more money out-of-pocket when you do file a claim. You need enough money put aside in the event you have to pay more for the deductible.

Why Smart Consumers Pay Less for Chevy Impala Insurance

Multiple criteria are considered when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, but other criteria are more transparent like where you live or your financial responsibility.

The itemized list below are some of the most common factors that factor into rates.

Consolidate and save - Most larger car insurance companies apply better rates to insureds that purchase more than one policy, otherwise known as a multi-policy discount. Even if you're getting this discount consumers should still shop around to guarantee you are still saving the most.

Drivers with good credit save - Having a bad credit score can be a huge factor in determining what you pay for car insurance. Drivers with high credit ratings tend to be less risk to insure as compared to drivers with poor credit. If your credit is not that good, you could pay less to insure your Chevrolet Impala by spending a little time repairing your credit.

Premiums drop with age - Beginning drivers in Indiana are known to be inattentive behind the wheel therefore car insurance rates are much higher. Parents adding a first-time driver onto a policy will cause a huge premium hike. Older insureds are more responsible, statistically cause fewer accidents, and are generally more financially stable.

File claims and pay more - Companies in Indiana award cheaper rates to drivers who do not rely on their insurance for small claims. If you file claims often, you can expect either a policy non-renewal or much higher rates. Insurance coverage is designed for more catestrophic claims.

Stress out and pay more - Did you know that where you work can have an impact on rates? Jobs such as doctors, air traffic controllers, and dentists generally have higher rates than the rest of us due to high stress and lengthy work days. Other occupations such as professors, engineers and performers receive lower rates.

Cars with good safety ratings means cheaper premiums - Vehicles with good safety scores tend to have lower insurance rates. These vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means less claims paid and lower rates for you.

Insurance losses for a Chevy Impala - Insurers use claims history to calculate a rate that offsets possible losses. Vehicles that the statistics show to have higher losses will cost more for specific coverages. The table below illustrates the insurance loss data for Chevy Impala vehicles.

For each policy coverage type, the loss probablilty for all vehicles averaged together is represented as 100. Percentage values below 100 imply a favorable loss record, while values over 100 indicate frequent claims or an increased probability of a larger loss.

Chevrolet Impala Insurance Loss Statistics

Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Impala 104 89 135 122 122 104
Chevrolet Impala Limited 100 115 79 142 148 153

Statistics from IIHS.org for 2013-2015 Model Years

Save a ton by earning discounts

Some insurers don't always advertise every disount available very well, so the next list breaks down both the well known and the harder-to-find credits that may apply to you. If you do not check that you are getting every discount you deserve, you are not getting the best rate possible.Discount auto insurance

Keep in mind that some credits don't apply to your bottom line cost. The majority will only reduce specific coverage prices like collision or personal injury protection. So when it seems like having all the discounts means you get insurance for free, companies don't profit that way.

Some of the insurance companies that may offer quotes with these money-saving discounts may include but are not limited to:

When comparing rates, check with every company which credits you are entitled to. Depending on the company, some discounts may not apply to policies in every state. If you would like to view providers who offer discounts in Indiana, follow this link.

Shop online but buy locally

Some people would rather go talk to an agent and that is a smart decision A good thing about price shopping on the web is you may find lower rates but also keep your business local. Buying from and supporting local agents is important especially in Evansville.

Insurance agency in EvansvilleAfter filling out this quick form, the coverage information is emailed to participating agents in Evansville who can give free rate quotes and help you find cheaper coverage. You won't need to leave your house because quoted prices will be sent instantly to you. It's the lowest rates without requiring a lot of work. If you need to compare rates from a specific insurance company, you can always search and find their rate quote page and give them your coverage information.

If you want to use a local agent, it's helpful to know the different agency structures and how they are distinctly different. Agents are categorized either exclusive or independent (non-exclusive).

Independent Agents

These agents are normally appointed by many insurers and that is an advantage because they can write policies with multiple insurance companies enabling the ability to shop coverage around. If they quote lower rates, an independent agent can move your coverage and the insured can keep the same agent.

When comparison shopping, you absolutely need to include multiple independent agents to have the most options to choose from. Most can insure with companies that do not advertise much which may have better rates.

The following is a small list of independent insurance agencies in Evansville who can help you get free rate quotes.

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Exclusive Car Insurance Agencies

Exclusive insurance agents generally can only insure with one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. These agents are unable to provide rate quotes from other companies so if the price isn't competitive there isn't much they can do. Exclusive insurance agents are usually quite knowledgeable in insurance sales which helps them compete with independent agents. Some people will only buy from the same agent for years mostly because of the prominent brand name rather than low price.

The following is a list of exclusive agencies in Evansville that can give you price quotes.

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Choosing an insurance agency is decision based upon more than just the bottom line cost. Get answers to these questions too.

The auto insurance bait and switch

Auto insurance providers like Allstate, GEICO and Progressive continually stream television, radio, and online ads. They all advertise claims that you can save just by moving to their company. How is it possible that every company can lower your prices?

Different companies can use profiling for the type of customer that earns them the highest profit. For instance, a driver they prefer might have to be over the age of 35, has never had a policy lapse, and drives newer vehicles. Anybody who matches those parameters will most likely get cheap premium rates and will cut their Chevy Impala insurance rates if they switch.

Insureds who fall outside these stringent criteria will be quoted more expensive rates and the prospect going elsewhere. If you pay attention, the ads say "people who switch" not "everybody who quotes" save money. That's the way companies can truthfully claim big savings.

This really drives home the point why you need to compare free Evansville car insurance quotes often. It is impossible to guess with any certainty which company will have the best Chevy Impala insurance in Evansville.

More comparisons equals affordable rates

As you shop your coverage around, it's a bad idea to skimp on coverage in order to save money. There have been many situations where drivers have reduced collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase plenty of coverage for the lowest cost while still protecting your assets.

People change insurance companies for a variety of reasons including questionable increases in premium, an unsatisfactory settlement offer, high prices and even unfair underwriting practices. Whatever your reason, switching auto insurance companies can be easy and end up saving you some money.

Throughout this article, we presented many tips how you can shop for Chevy Impala insurance online. The key concept to understand is the more times you quote, the higher the chance of saving money. You may even be surprised to find that the lowest car insurance rates come from a smaller regional carrier.

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