2005 Chevrolet Impala Insurance Rates – 8 Ideas for Cheaper Quotes

Searching for the cheapest insurance coverage rates for your Chevrolet Impala? Have you had enough of robbing Peter to pay Paul to insure your Chevy every month? You are in the same boat as many other consumers.

Many car insurance companies vie to insure your vehicles, so it’s not easy to compare every insurance company and get the best coverage at the best rate

Consumers should take time to compare prices quite often because insurance rates are constantly changing. Just because you had the best price for Impala insurance on your last policy there may be better deals available now. Forget anything you know (or think you know) about insurance coverage because we’re going to demonstrate the right way to get good coverage at a lower rate.

If you have car insurance now, you should be able to reduce your rates substantially using these methods. Choosing the best insurance company for you is quite easy. But car owners benefit from understanding how the larger insurance companies determine prices and use this information to your advantage.

Companies offer discounts so take them!

Insurance can be prohibitively expensive, but discounts can save money and there are some available to help offset the cost. Larger premium reductions will be automatically applied when you quote, but a few need to be manually applied before being credited.

  • Theft Prevention Discount – Anti-theft and alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Save with a New Car – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more for Impala insurance than less cautious drivers.
  • Early Signing – Some insurance companies reward drivers for signing up prior to your current policy expiration. This can save 10% or more.
  • Low Mileage Discounts – Low mileage vehicles can qualify you for better rates on cars that stay parked.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Resident Student – Youth drivers living away from home attending college without a vehicle on campus can receive lower rates.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premiums.

Drivers should understand that some credits don’t apply to your bottom line cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, it doesn’t quite work that way. Any amount of discount will cut your overall premium however.

To see a list of insurers with discount insurance coverage rates, click this link.

Do I just need basic coverages?

When it comes to choosing adequate coverage, there is no perfect coverage plan. Every insured’s situation is different so this has to be addressed. For instance, these questions might point out if your insurance needs might need an agent’s assistance.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Does my liability insurance cover pulling a trailer or camper?
  • What if I owe more than I can insure my car for?
  • Should I buy additional glass protection?
  • Exactly who is provided coverage by my policy?
  • Am I covered if I hit a deer?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Car insurance ads bend the truth

Car insurance companies such as Geico, State Farm and Progressive consistently run ads on TV and radio. They all seem to say the same thing that you can save if you change to them. How can each company make the same claim?

All companies have a preferred profile for the type of driver that earns them a profit. For instance, a profitable customer might be between the ages of 40 and 55, has no driving citations, and drives newer vehicles. Any new insured who matches those parameters will qualify for the lowest rates and as a result will probably save when they switch companies.

Potential insureds who are not a match for these standards will be charged higher prices which usually ends up with the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save that much money. That’s why companies can state the savings.

That is why you need to compare as many rates as you can. It’s not possible to predict which car insurance company will provide you with the cheapest Chevy Impala insurance rates.

Parts of your car insurance policy

Having a good grasp of car insurance can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on most car insurance policies.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 2005 Chevy Impala.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Collision insurance

This coverage will pay to fix damage to your Impala caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as colliding with another moving vehicle, damaging your car on a curb, rolling your car and colliding with a tree. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, fire damage, rock chips in glass, a broken windshield and damage from flooding. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for liability

Liability insurance protects you from damage that occurs to other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like bail bonds, medical expenses, emergency aid and structural damage. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like surgery, dental work and chiropractic care. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Be a smart shopper

We just showed you a lot of tips how to save on 2005 Chevy Impala insurance. The key concept to understand is the more companies you get rates for, the better your comparison will be. You may even find the lowest priced insurance comes from a small mutual company. Smaller companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

As you prepare to switch companies, it’s very important that you do not sacrifice coverage to reduce premiums. In many instances, an accident victim reduced collision coverage and learned later that it was a big mistake. The proper strategy is to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

Additional learning opportunities