Cheap 2002 Chevrolet Impala Insurance Cost

Want the cheapest insurance rates for your Chevrolet Impala? Are you sick and tired of paying out the nose to insure your Chevy every month? Your situation is no different than millions of other consumers.

You have so many auto insurance companies to buy insurance from, and even though it’s nice to have a choice, it makes it harder to find a good deal.

It’s smart to compare rates on a regular basis since insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the lowest price on Impala coverage a couple years back you can probably find a lower rate today. Block out anything you think you know about insurance because I’m going to let you in on the secrets to the best methods to reduce your cost while improving coverage.

How to Compare Insurance Coverage Costs

There are several ways of comparing rates and find the best price. The best way to find competitive 2002 Chevy Impala insurance rates is to use the internet to compare rates. It is quite easy and can be accomplished using a couple different methods.

  1. The fastest way to get quotes for comparison is a comparison rater form (click to open form in new window). This method saves time by eliminating repetitive form entry to each individual insurance coverage company. One form submission gets you price quotes from insurance coverage companies with the best prices.
  2. A more time consuming way to get quotes online consists of going to each company’s website and complete a new quote form. For instance, we’ll assume you want to compare rates from USAA, Farmers and Allstate. To get rate quotes you would need to spend time on each company’s site and enter your policy data, which is why the first method is more popular.

    To view a list of companies in your area, click here.

  3. The least recommended method to compare rates is to drive around to different agent offices. The internet eliminates the need for an insurance agent unless you want the trained guidance of a licensed agent. Drivers can comparison shop online but still have the advice of a local agent and we’ll cover that in a bit.

Whichever way you use, ensure you are comparing exactly the same coverages and limits on every quote. If each company quotes differing limits then you won’t be able to determine the lowest rate for your Chevy Impala. Slightly different coverages can mean a large discrepancy in price. Just remember that comparing a large number of companies provides better odds of finding lower pricing.

Discounts are basically free money

Companies don’t necessarily list all their discounts very clearly, so we took the time to find some of the more common and also the lesser-known savings tricks you should be using.

  • Anti-theft System – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Drivers Education – Have your child take driver’s ed class in high school.
  • Distant Student – Youth drivers who attend school more than 100 miles from home and do not have a car can be insured at a reduced rate.
  • Seat Belts Save – Requiring all passengers to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Accident Forgiveness – Certain companies allow you one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on Impala coverage than drivers with accidents.
  • Bundle and Save – When you combine your home and auto insurance with the same company you may earn approximately 10% to 15%.
  • Homeowners Pay Less – Owning a home can help you save on insurance due to the fact that maintaining a home is proof that your finances are in order.
  • Early Signing – Some companies give discounts for buying a policy before your current expiration date. This can save 10% or more.

Keep in mind that most discounts do not apply to the overall cost of the policy. Most only apply to individual premiums such as liability, collision or medical payments. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.

To see a list of insurers offering insurance discounts, follow this link.

Factors determining your Chevy Impala insurance premium

Consumers need to have an understanding of some of the elements that go into determining the rates you pay for insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that could result in much lower annual insurance costs.

Listed below are a few of the “ingredients” that factor into premiums.

  • Too many insurance claims drive up costs – If you tend to file frequent claims, you can expect either policy cancellation or increased premiums. Insurance companies award cheaper rates to drivers who are claim-free. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
  • Special features that cut premiums – Owning a car with a theft deterrent system can help bring down rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your vehicle from being stolen.
  • What are your deductibles? – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Chevy. Some examples of claims that would be covered would be a windshield shattered by a rock, damage caused by hail, and burglary. Deductibles for physical damage are how much you are willing to pay out-of-pocket in the event of a claim. The more the insured has to pay upfront, the bigger discount you will receive on Impala coverage.
  • How’s your driving record? – Careful drivers receive lower rates compared to drivers with tickets. Only having one speeding ticket can boost insurance rates by as much as thirty percent. Drivers who have flagrant citations like reckless driving, hit and run or driving under the influence may need to file a SR-22 with their state motor vehicle department in order to keep their license.
  • Lower rates come with age – Teen drivers have a tendency to be more careless in a vehicle so they pay higher insurance rates. Mature drivers are viewed as being more responsible, file fewer claims and tend to be better behind the wheel.
  • Do you know you’re credit rating? – Your credit score is a big factor in determining what you pay for insurance. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. If your credit is low, you could pay less to insure your 2002 Chevrolet Impala by repairing your credit.

Which insurance is the “right” coverage?

When buying the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions may help highlight if your insurance needs may require specific advice.

  • Can I still get insurance after a DUI?
  • Do I have coverage when using my vehicle for my home business?
  • How much can I save by bundling my policies?
  • When should I buy a commercial auto policy?
  • When should I remove comp and collision on my 2002 Chevy Impala?
  • Why do I need rental car insurance?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Save 15 percent in 15 minutes? Is it for real?

Insurance companies such as Progressive, Geico, Allstate and State Farm constantly bombard you with television and radio advertisements. They all seem to make the same claim that you’ll save big if you switch to them. How does each company say the same thing? This is how they do it.

Insurance companies can use profiling for the right customer they prefer to insure. For instance, a preferred risk might be profiled as a mature driver, has no tickets, and has great credit. Any driver who fits that profile receives the best rates and as a result will probably save a lot of money.

Potential insureds who fall outside this ideal profile must pay more money which usually ends up with the customer not buying. The ads say “customers that switch” not “people who quote” save that kind of money. That’s why companies can truthfully advertise the savings. This illustrates why drivers must quote coverage with many companies. It is impossible to predict the company that will give you the biggest savings on Chevy Impala insurance.

Specifics of your insurance policy

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average insurance policy.

Auto liability

Liability insurance protects you from damage or injury you incur to other’s property or people in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability coverage protects against claims like repair costs for stationary objects, bail bonds, court costs and funeral expenses. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Medical expense coverage

Med pay and PIP coverage kick in for short-term medical expenses such as doctor visits, funeral costs and prosthetic devices. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like scraping a guard rail, crashing into a ditch, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a deer, vandalism, damage from getting keyed, a tree branch falling on your vehicle and theft. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

A penny saved is a penny earned

The cheapest 2002 Chevy Impala insurance can be purchased from both online companies in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. A few companies do not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped comprehensive coverage or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

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