How to Save on Chevy Impala Insurance in Indianapolis

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Insurance quote for Chevy Impala in IndianapolisTruthfully, the best way to get low-cost Chevy Impala insurance in Indianapolis is to do a yearly price comparison from providers in Indiana. You can compare rates by following these steps.

First, read about the coverage provided by your policy and the modifications you can make to prevent expensive coverage. Many policy risk factors that result in higher rates such as inattentive driving and an imperfect credit rating can be rectified by making minor changes to your lifestyle. Keep reading for information to get lower rates and get bigger discounts that may have been overlooked.

Second, compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Allstate, while agents who are independent can quote rates for many different companies.

Third, compare the new rates to your current policy premium to see if a cheaper price is available. If you find a lower rate and buy the policy, make sure coverage does not lapse between policies.

One piece of advice is that you use similar coverage information on every quote request and and to get price estimates from as many companies as you can. Doing this ensures a fair rate comparison and a complete selection of prices.

A recent survey discovered that the vast majority of consumers in Indiana have stayed with the same insurance company for at least the last four years, and approximately 40% of consumers have never compared rates from other carriers. Drivers in America can save hundreds of dollars each year just by getting comparison quotes, but they assume it's a waste of time to compare rates and save money.

If you already have coverage or are shopping for new coverage, you can follow these tips to find better prices and possibly find even better coverage. Getting quotes for the lowest cost protection in Indianapolis is quite easy. Smart shoppers only need an understanding of the most time-saving way to find the lowest price online from multiple companies.

Buy Indianapolis Chevy Impala insurance online

Most major insurance companies such as GEICO, State Farm and Progressive allow consumers to get prices on the web. Getting online quotes for Chevy Impala insurance in Indianapolis is quite simple as you simply type in the coverages you want as detailed in the form. When complete, their quoting system will order credit information and your driving record and quotes a price based on these factors.

Using the web to get rate quotes for Chevy Impala insurance in Indianapolis makes it a lot easier to compare rates and it's also necessary to perform this step if you want to find the best possible rates on auto insurance.

In order to compare pricing, take a look at the companies shown below. If you have a policy now, it's recommended you duplicate your coverages as shown on your current policy. Doing this assures you will be getting a rate comparison for the exact same coverage.

The providers in the list below are our best choices to provide quotes in Indiana. If the list has multiple companies, we recommend you get rates from several of them to get the best price comparison.

Discounts mean cheaper rates for Chevy Impala insurance in Indianapolis

Auto insurance is expensive, but you might be missing out on some discounts that you may not even know about. Some discounts will apply at the time of quoting, but a few must be specifically requested before you will receive the discount. If you aren't receiving every discount you deserve, you could be getting lower rates.Save money with discounts

  • Pay Early and Save - By paying your entire bill at once rather than spreading payments over time you could save 5% or more.
  • Good Student - This discount can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
  • Save with More Vehicles Insured - Drivers who insure primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
  • Senior Discount - Older drivers could receive a small decrease in premiums.
  • Onboard Data Collection - Insureds that choose to allow data collection to study driving manner by using a telematics device in their vehicle such as Progressive's Snapshot may get a rate reduction if they are good drivers.
  • Student in College - Children who live away from home to go to college and leave their car at home can receive lower rates.
  • Government Employees - Employees or retirees of the government may qualify for a discount when you quote Indianapolis car insurance depending on your company.
  • Buy New and Save - Insuring a new Impala is cheaper due to better safety requirements for newer models.
  • Service Members Pay Less - Having a deployed family member could mean lower premium rates.

One last thing about discounts, most discounts do not apply to the whole policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though you would think adding up those discounts means a free policy, nobody gets a free ride. Any amount of discount should help reduce the amount you pay for coverage.

The chart below shows the comparison of Chevy Impala insurance costs with and without discounts applied to the policy rates. The costs are based on a female driver, no accidents, no driving violations, Indiana state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, marriage, multi-car, and multi-policy discounts applied.

A list of companies and a selection of discounts are included below.

  • State Farm has savings for multiple autos, student away at school, multiple policy, good student, good driver, anti-theft, and Steer Clear safe driver discount.
  • Esurance includes discounts for good driver, anti-lock brakes, paid-in-full, online shopper, emergency road assistance, and multi-policy.
  • Progressive may offer discounts for online signing, multi-vehicle, homeowner, online quote discount, and multi-policy.
  • Liberty Mutual offers premium reductions for exclusive group savings, safety features, newly retired, preferred payment discount, new graduate, new move discount, and new vehicle discount.
  • Auto-Owners Insurance may have discounts that include anti-lock brakes, anti-theft, teen driver, paperless, good student, and multi-policy.
  • GEICO discounts include multi-vehicle, multi-policy, military active duty, anti-theft, daytime running lights, anti-lock brakes, and driver training.

Before buying, ask every company how you can save money. All car insurance discounts may not apply to policyholders in your state. To view insurance companies offering auto insurance discounts in Indiana, follow this link.

Rates and data analysis

The coverage information shown next showcases a range of insurance coverage prices for Chevy Impala models. Having a good grasp of how prices are calculated can help customers make smart policy decisions.

Chevrolet Impala Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $120 $250 $270 $16 $80 $736 $61
Impala LS $120 $250 $270 $16 $80 $736 $61
Impala LT $138 $250 $270 $16 $80 $754 $63
Impala LT $138 $250 $270 $16 $80 $754 $63
Impala LTZ $138 $296 $270 $16 $80 $800 $67
Impala LTZ $138 $296 $270 $16 $80 $800 $67
Get Your Own Custom Quote Go

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Information does not factor in specific Indianapolis garaging location which can raise or lower premiums considerably.

Should you raise deductibles?

One of the hardest decisions when shopping for insurance is which deductible level should you buy. The comparisons below determine the premium difference when you choose different comp and collision deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Chevrolet Impala insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $188 $366 $280 $16 $84 $959 $80
Impala LS $188 $366 $280 $16 $84 $959 $80
Impala LT $216 $366 $280 $16 $84 $987 $82
Impala LT $216 $366 $280 $16 $84 $987 $82
Impala LTZ $216 $430 $280 $16 $84 $1,051 $88
Impala LTZ $216 $430 $280 $16 $84 $1,051 $88
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Chevrolet Impala insurance rates 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
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in vehicle location which can revise insurance rates substantially.

Based on this data, using a $250 deductible costs an average of $11 more each month or $132 a year averaged for all Impala models than buying the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 23 months between claims, you would probably save some money by selecting a higher deductible. Here's an example of how this determination is made.

Average monthly premium for $250 deductibles: $83
Average monthly premium for $500 deductibles (subtract): - $72
Monthly savings from raising deductible: $11
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One big caveat is that raising deductibles means you will have to pay more out-of-pocket when you have a claim. You must have some savings in the event you need to pay the deductible.

The illustration below highlights how deductible choice and can raise or lower Chevy Impala premium costs for different insured age categories. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Chevrolet Impala insurance costs by gender and age in Indianapolis

The chart below illustrates the comparison of Chevy Impala insurance prices for male and female drivers. The rate quotes are based on no claims or driving violations, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are factored in.

Chevy Impala Insurance Premiums Can Be Reduced

One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that are used to determine the price you pay for car insurance. When consumers understand what impacts premium levels, this helps enable you to make changes that could result in lower rates.

Extra policy coverages you don't need - There are many additional extra coverages that may not really be needed but may not be useful. Coverages for rental car coverage, towing, and extra life insurance coverage are some examples. They may sound like good ideas when you first buy your policy, but if they're wasting money think about removing them and cutting costs.

Driving citations will cost you - Only having one ticket can increase rates by twenty percent. Drivers who don't get tickets pay less for auto insurance than their less careful counterparts. Drivers unfortunate enough to have severe violations like reckless driving, hit and run or driving under the influence might be required by their state to prove financial responsibility with their state DMV in order to prevent their license from being revoked.

The diagram below shows how traffic citations and at-fault accidents can impact Chevy Impala insurance costs for each age group. Data assumes a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

Urban areas may pay more - Having an address in smaller towns and rural areas of the country is a positive aspect when shopping for auto insurance. Fewer drivers on the road means reduced accidents and lower theft and vandalism rates. People who live in big cities have to deal with traffic congestion and a longer drive to work. Spending more time driving can result in more accidents.

Raising physical damage deductibles lowers rates - Physical damage protection, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Chevy. Some examples of covered claims are a broken side mirror, flood damage, and damage caused by flying debris. Comprehensive and collision coverage deductibles are the amount of money you are required to spend if a claim is determined to be covered. The larger the amount you have to pay, the lower your rates will be.

Chevy Impala claim probability - Companies use statistical claims data to help determine the price you pay. Vehicles that statistically have a higher amount or frequency of claims will have a higher cost to insure. The table below illustrates the actual insurance loss data for Chevy Impala vehicles.

For each policy coverage, the claim amount for all vehicles, as a total average, is a value of 100. Numbers below 100 imply a favorable loss record, while numbers that are greater than 100 point to more frequent losses or statistically larger losses.

Chevrolet Impala Insurance Loss Statistics
Vehicle 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
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years