Affordable Chevy Impala Insurance in Phoenix

How long has it been since you sat down and looked for lower-priced Chevy Impala insurance in Phoenix? No sane person likes buying insurance, especially knowing the cost is too high.

Shockingly, the vast majority of insurance customers kept buying from the same company for more than four years, and nearly 40% of drivers have never taken the time to shop around. Phoenix drivers could save 50% each year just by shopping around, but they just don’t understand the big savings they would realize if they bought a different policy. With drivers having so many insurance providers from which to choose, it is very difficult to find the right insurance provider.

The intent of this article is to teach you the best way to quote coverages and how to save the most money. If you currently have a car insurance policy, you will surely be able to find better prices using the concepts you’re about to learn. Vehicle owners just need to understand the most efficient way to shop their coverage around using one simple form.

The following companies provide comparison quotes in Phoenix, AZ. If multiple providers are shown, we recommend you visit as many as you can in order to get a fair rate comparison.

Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in specific garaging location which can decrease or increase premiums noticeably.

How violations and accidents impact rates

The diagram below shows how violations and at-fault accidents impact Chevrolet Impala premium costs for different age groups. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Chevrolet Impala liability-only versus full coverage

The example below visualizes the comparison of Chevrolet Impala car insurance rates with and without physical damage coverage. The rates are based on a clean driving record, no at-fault accidents, $250 deductibles, married male driver, and no discounts are applied to the premium.

When to drop comp and collision

There is no specific rule to exclude comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your Chevrolet Impala claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after the deductible is paid. If you are currently paying more than $700 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some situations where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should maintain full coverage.

Deductible analysis

When shopping for auto insurance, a common question is what deductibles to buy. The comparisons below outline the differences in premium rates when you select higher and lower physical damage deductibles. The first set of prices uses a $250 deductible for physical damage and the second rate table uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Table data does not factor in specific garaging location which can increase or decrease auto insurance rates noticeably.

Based on these figures, using a $250 deductible costs approximately $22 more each month or $264 for a full year than selecting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 34 months between claims, you would come out ahead by selecting a higher deductible.

Lower rates by qualifying for discounts

Some providers don’t always list all possible discounts in a way that’s easy to find, so the list below contains a few of the more common in addition to some of the lesser obvious credits available to bring down your rates.

• Low Mileage Discounts – Keeping the miles down on your Chevy could be rewarded with discounted car insurance rates on garaged vehicles.
• Discount for Swiching Early – Select insurance companies give a discount for signing up before your current Impala insurance policy expires. It could save around 10% when you buy Phoenix car insurance online.
• Drivers Ed for Students – Teen drivers should complete a driver education course if it’s offered in school.
• New Car Discount – Putting car insurance coverage on a new Impala is cheaper since newer models have better safety ratings.
• No Claims – Drivers who don’t have accidents have much lower rates in comparison to insureds who have frequent claims or accidents.
• Service Members Pay Less – Having a deployed family member could be rewarded with lower prices.
• Membership in Organizations – Being in qualifying employment or professional organizations could earn you a nice discount when shopping for car insurance.

Consumers should know that most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like all the discounts add up to a free policy, it’s just not the way it works.

Some of the larger companies who may offer some of the above discounts may include but are not limited to:

• 21st Century
• Progressive
• State Farm
• Nationwide
• Esurance
• The Hartford

If you want low cost Phoenix car insurance quotes, ask every prospective company to give you their best rates. Some discounts listed above might not be offered everywhere. To see companies that provide some of the discounts listed above in Arizona, follow this link.

Independent versus exclusive insurance agents

Some consumers would prefer to buy from a local agent and that is not a bad decision Agents will help you protect your assets and help file insurance claims. One of the great benefits of comparing insurance prices online is you can get better rates and also buy local. And buying from local agencies is important especially in Phoenix.

Upon completion of this quick form, your coverage information is immediately sent to companies in Phoenix who will give you quotes to get your business. You won’t even need to contact an agency as quotes are delivered instantly to you. If you have a need to quote rates from a particular provider, you just need to go to their quote page and fill out the quote form the provide.

The following are agents in Phoenix that can give you rate quotes for Chevy Impala insurance in Phoenix.

View more agents

Finding the right insurance company requires you to look at more than just a cheap price. You should also get answers to these questions.

• If you have an accident, will your rates go up?
• Which members of your family are coverage by the policy?
• Do they assist clients in filing claims?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Does the agency provide any after hours assistance?
• How long have they worked with personal auto insurance coverage?
• What is the financial rating for the quoted company?
• Are there any discounts for paying up front?

Once you have reasonable responses to these questions and locked in a price quote, you may have just found a company that meets the criteria to properly service your insurance policy.

Why Smart Buyers Pay Less for Chevy Impala Insurance

Many factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but others are less obvious like your continuous coverage or how financially stable you are. The best way to find cheaper car insurance is to take a look at the different types of things that go into determining the level of your policy premiums. If you have a feel for what impacts premium levels, this enables informed choices that may result in much lower annual insurance costs.

• Discounts for auto and home policies – Many insurance companies provide lower prices to insureds that have more than one policy. It’s known as a multi-policy discount. Even if you’re getting this discount it’s always a smart idea to compare Chevy Impala rates in Phoenix to help ensure you have the lowest rates.
• Car insurance liability limits – The liability section of your policy will afford coverage if ever a court rules you are at fault for personal injury or accident damage. Your liability coverage provides legal defense to attempt to prove you were not liable. This coverage is relatively inexpensive when compared with rates for comp and collision, so drivers should carry high limits.
• Impacts performance impacts auto insurance rates – The performance of the car, truck or SUV you are insuring makes a significant difference in your rates. The best insurance prices will normally be found when insuring small economy passenger vehicles, but other factors influence the final cost greatly. Since the Chevrolet Impala is a passenger car, rates will be similar in price or lower compared to average rates in Phoenix.
• Optional features that cut premiums – Choosing to buy a car with an alarm system can help lower your premiums. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop your car from being stolen.
• Safer occupants lowers rates – Vehicles with high crash test scores tend to be cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and better occupant protection translates into fewer and smaller insurance claims which can mean better rates for you.
• Fewer miles means better costs – The higher the miles on your Chevy in a year the higher the price you pay to insure it. The majority of insurers charge rates based upon how the vehicle is primarily used. Autos left parked in the garage receive better premium rates than those that get driven frequently. It’s a smart idea to ensure your vehicle rating is rated on the correct usage. An incorrectly rated Impala may be wasting your money.
• Chevy Impala insurance loss probability – Auto insurance companies factor in insurance loss information in order to profitably underwrite each model. Models that statistically have a higher amount or frequency of claims will have higher rates. The table shown below demonstrates the compiled insurance loss statistics for Chevy Impala vehicles.

  For each policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers that are below 100 indicate a favorable loss history, while values that are above 100 indicate higher probability of having a loss or tendency to have higher losses.

  Insurance Loss Ratings for Chevrolet Impala Vehicles

  Specific Chevrolet 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

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three main reasons to buy car insurance

Despite the high insurance cost for a Chevy Impala in Phoenix, insuring your vehicle is required by state law in Arizona and it also provides benefits you may not be aware of.

• Most states have minimum liability requirements which means state laws require a minimum amount of liability insurance in order to drive the car. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Chevy Impala has a loan, most lenders will have a requirement that you have insurance to ensure loan repayment if the vehicle is totalled. If the policy lapses, the bank may buy a policy for your Chevy for a much higher rate and force you to pay for the much more expensive policy.
• Insurance safeguards both your car and your assets. It will also provide coverage for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If you have damage to your Chevy as the result of the weather or an accident, your policy will cover the repair costs.

The benefits of buying car insurance more than cancel out the cost, especially when you need to use it. According to a recent study, the average American driver is wasting up to $800 each year so compare quotes from several companies at every policy renewal to ensure rates are inline.

A conclusion for your auto insurance search

When getting Phoenix car insurance quotes online, never reduce needed coverages to save money. Too many times, an accident victim reduced collision coverage only to find out that the savings was not a smart move. The proper strategy is to find the BEST coverage for the lowest cost while still protecting your assets.

We just covered some good ideas how you can save on Chevy Impala insurance in Phoenix. The key concept to understand is the more rate quotes you have, the better likelihood of getting the cheapest Chevrolet Impala rate quotes. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising. Some small companies often have lower car insurance rates on specific markets than their larger competitors like State Farm or Progressive.

For more information, feel free to visit these articles:

• Event Data Recorders FAQ (iihs.org)
• Who Has the Cheapest Car Insurance Quotes for Unemployed Drivers in Phoenix? (FAQ)
• How Much are Auto Insurance Rates for Hybrid Vehicles in Phoenix? (FAQ)
• How Much is Phoenix Auto Insurance After a Speeding Ticket? (FAQ)
• What Auto Insurance is Cheapest for a Hyundai Elantra in Phoenix? (FAQ)
• Parking Tips to Reduce Door Dings (State Farm)
• Tread Depth and Tire Safety (State Farm)
• Determing Auto Insurance Rates (GEICO)
• How to shop for a safer car (Insurance Institute for Highway Safety)