Cheapest Insurance for a Chevy Impala in Charlotte

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The preferred way to get discount Chevy Impala insurance is to compare prices at least once a year from insurance carriers in Charlotte.

  1. Gain an understanding of how insurance works and the things you can change to prevent expensive coverage. Many policy risk factors that result in higher rates like speeding and an unacceptable credit history can be eliminated by being financially responsible and driving safely.
  2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Allstate, while independent agents can quote rates from multiple companies.
  3. Compare the new rate quotes to your existing coverage to determine if you can save on Impala insurance in Charlotte. If you find better rates and decide to switch, verify that coverage does not lapse between policies.
  4. Provide notification to your current company to cancel the current policy. Submit payment and a signed application for the new policy. Once the application is submitted, keep the new proof of insurance paperwork in your vehicle's glove compartment or console.

One bit of advice is to use the same amount of coverage on every quote request and and to get quotes from all possible companies. This provides a fair rate comparison and a thorough price selection.

Insurance for Chevy ImpalaSadly, a large majority of drivers have remained with the same auto insurance company for a minimum of four years, and 38% of customers have never taken the time to shop around. Drivers in America can save almost $850 each year by just shopping around, but they just feel it's too hard to find lower-cost rates by getting comparison quotes.

Just remember that getting more free quotes increases your odds of finding lower pricing.

The companies in the list below are ready to provide free quotes in North Carolina. If your goal is to find cheap auto insurance in Charlotte, we suggest you visit as many as you can in order to find the lowest rates.

Auto insurance data for a Chevy Impala

The premium information below showcases different policy rates for Chevy Impala models. Knowing how premiums are established is important for making informed purchases.

Chevrolet Impala Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $144 $318 $262 $16 $78 $818 $68
Impala LS $144 $318 $262 $16 $78 $818 $68
Impala LT $166 $318 $262 $16 $78 $840 $70
Impala LT $166 $318 $262 $16 $78 $840 $70
Impala LTZ $166 $374 $262 $16 $78 $896 $75
Impala LTZ $166 $374 $262 $16 $78 $896 $75
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Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in your specific Charlotte location which can increase or decrease price quotes noticeably.

Chevrolet Impala insurance rates: Men versus women

The illustration below compares Chevy Impala insurance costs for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, drivers are single, and no other discounts are factored in.

Should you buy full coverage?

The example below shows the difference between Chevy Impala insurance rates with full physical damage coverage and with liability coverage only. The information is based on no violations or claims, $1,000 deductibles, single marital status, and no other discounts are factored in.

Should you be buying full coverage?

There is no definitive formula to eliminate comp and collision coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Chevy Impala replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after you pay the deductible. If you are paying over $400 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some conditions where removing full coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

Protect your Impala and other assets

Even though it's not necessarily cheap to insure a Chevy in Charlotte, buying auto insurance is required in North Carolina but it also protects you in many ways.

  • Just about all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to get the vehicle licensed. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your Impala, more than likely the lender will stipulate that you carry insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank may buy a policy for your Chevy at a much higher premium rate and force you to pay much more than you were paying before.
  • Insurance protects not only your Chevy Impala but also your financial assets. It will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If your Chevy gets damaged, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of carrying enough insurance outweigh the cost, especially with large liability claims. But the average American driver is wasting up to $750 every year so shop around each time the policy renews to save money.

The Chevy Impala Insurance Price Equation

A large part of saving on auto insurance is knowing a few of the rating criteria that come into play when calculating your policy premiums. If you know what controls the rates you pay, this allows you to make educated decisions that will entitle you to lower auto insurance prices.

The factors shown below are most of the major factors that factor into your premiums.

  • Pleasure use saves money - Driving more miles annually the more you will pay for auto insurance. Most companies calculate rates based upon how you use the vehicle. Cars and trucks that do not get driven very much can get a lower rate compared to those used for work or business. Double check that your vehicle rating is showing the correct usage for each vehicle, because it can save money. A policy that improperly rates your Impala can cost quite a bit.
  • Liability insurance is cheap - Liability insurance will provide protection when you are responsible for causing damage or personal injury in an accident. Your policy's liability insurance provides you with a defense in court to defend your case. This coverage is very inexpensive compared to physical damage coverage, so do not skimp.
  • Youthful vs. experienced drivers - Teenage drivers in North Carolina tend to get distracted easily when at the wheel of a vehicle so they pay higher auto insurance rates. Parents adding a youthful driver onto a policy can be very expensive. Older people are more cautious drivers, tend to cause fewer accidents, and tend to be get fewer driving tickets.

    The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

  • Premiums may be lower depending on your vocation - Do you work in a high-stress field? Occupations such as doctors, police officers, and medical professionals usually pay higher rates than the rest of us because of high stress and extremely grueling work hours. Conversely, occupations like professors, historians and retirees generally pay rates lower than average.
  • Add-on coverages may be wasting money - There are a ton of optional add-on coverages that you can get tricked into buying if you don't pay attention. Insurance for things like personal injury protection, better glass coverage, and additional equipment coverage may not be needed and are just wasting money. These coverages may sound good at first, but your needs may have changed so remove them and pocket the money.
  • Premiums increase with driving tickets - How you drive influences premium rates substantially. Attentive drivers receive lower rates compared to drivers with tickets. Having just one speeding ticket may cause rates to rise substantially. Drivers who have received multiple violations such as DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility with their state's licensing department in order to legally drive.

    The illustration below demonstrates how citations and at-fault claims increase Chevy Impala insurance costs for each different age category. The data is based on a married male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

  • Chevy Impala insurance loss data - Companies analyze historical claim data when setting rates for each model. Models that statistically have higher number or severity of losses will have higher rates.

    The table below outlines the actual insurance loss data for Chevy Impala vehicles. For each coverage category, the loss probability for all vehicles combined as an average is a value of 100. Values that are below 100 suggest a positive loss record, while percentage numbers above 100 point to more claims or an increased probability of a larger loss.

    Auto Insurance Loss Data for Chevrolet Impala Models
    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

    Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Will just any policy work for me?

When quoting and choosing coverage for your vehicles, there really isn't a one size fits all plan. Your needs are not the same as everyone else's.Insurance savings

For instance, these questions might point out whether you would benefit from professional advice.

  • How does medical payments coverage work?
  • Does my policy cover my teen driver if they drive my company car?
  • When can I cancel my policy?
  • Should I buy only the required North Carolina minimum liability coverage?
  • How do I buy GAP insurance?
  • Am I covered by my employer's commercial auto policy when driving my personal car for business?
  • Am I covered when delivering products for my home-based business?

If you can't answer these questions but you think they might apply to your situation then you might want to talk to an agent. If you don't have a local agent, fill out this quick form.

Be persistent and save

Affordable Chevy Impala insurance in Charlotte is possible both online as well as from insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who may not offer the ability to get quotes online and many times these small insurance companies only sell coverage through local independent agencies.

We just covered many tips how you can compare Chevy Impala insurance prices in Charlotte. The most important thing to understand is the more companies you get rates for, the better your comparison will be. Consumers could even find that the most savings is with a lesser-known regional company.

When shopping online for auto insurance, it's very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where someone dropped comprehensive coverage or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to get the best coverage possible at the best cost while still protecting your assets.

More detailed auto insurance information is available in the articles below: