Insurance for Chevy ImpalaWant to learn how to find cheaper Chevy Impala insurance in Colorado Springs? Are you sick and tired of robbing Peter to pay Paul to keep your car insured? You are no different than millions of other vehicle owners.

Amazingly, a recent NerdWallet.com study showed that a large majority of consumers have purchased from the same company for a minimum of four years, and practically 40% of car insurance customers have never compared rates from other carriers. Many drivers in Colorado could pocket $600 a year just by shopping around, but they just don't understand how much they could save if they replace their high priced policy. Having so many online and local companies to choose from, it can be challenging to find the right company.

Quoting and buying the cheapest auto insurance in Colorado Springs is actually quite simple. If you already have coverage or just want to save money, follow these tips to reduce premiums while maintaining coverages. Consumers only have to learn the quickest method to buy auto insurance using one simple form.

Finding a better price on insurance is pretty simple and can save money. The only requirement is to invest a few minutes to get quotes from different insurance companies.

Getting rate quotes online is very simple and it makes it a waste of time to drive around to and from local Colorado Springs insurance agencies. Quoting and buying Chevy Impala insurance online eliminates the need for an insurance agent unless you're the type of person who wants the professional guidance of a licensed agent. However, consumers can comparison shop your insurance online but have a local agent actually write the policy.

The following companies have been selected to offer quotes in Colorado. If multiple providers are shown, we suggest you compare several of them to get the most competitive price.

Chevrolet Impala Insurance Cost Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $142 $282 $358 $22 $108 $912 $76
Impala LS $126 $282 $368 $22 $110 $908 $76
Impala LT $130 $238 $330 $20 $98 $816 $68
Impala LT $212 $416 $456 $28 $136 $1,248 $104
Impala LTZ $186 $416 $474 $28 $142 $1,246 $104
Impala LTZ $272 $538 $352 $20 $106 $1,288 $107
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Prices do not factor in your specific Colorado Springs location which can increase or decrease coverage rates significantly.

Can higher deductibles save money?

One of the more difficult decisions when buying auto insurance is the level to set your comp and collision deductibles. The data tables below lay out how much more you'll pay of buying low and high policy deductibles. The first data set uses a $250 deductible and the second price grid uses a $500 deductible.

Chevrolet Impala insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $236 $458 $352 $20 $106 $1,197 $100
Impala LS $236 $458 $352 $20 $106 $1,197 $100
Impala LT $272 $458 $352 $20 $106 $1,233 $103
Impala LT $272 $458 $352 $20 $106 $1,233 $103
Impala LTZ $272 $538 $352 $20 $106 $1,313 $109
Impala LTZ $272 $538 $352 $20 $106 $1,313 $109
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Chevrolet Impala insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $192 $368 $352 $20 $106 $1,038 $87
Impala LS $192 $368 $352 $20 $106 $1,038 $87
Impala LT $220 $368 $352 $20 $106 $1,066 $89
Impala LT $220 $368 $352 $20 $106 $1,066 $89
Impala LTZ $220 $434 $352 $20 $106 $1,132 $94
Impala LTZ $220 $434 $352 $20 $106 $1,132 $94
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in Colorado Springs location which can impact coverage rates significantly.

We can estimate from the data above that using a $250 deductible will cost in the ballpark of $14 more each month or $168 for a full year than buying the higher $500 deductible. Because you would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 18 months between claims, you would probably save some money by selecting a higher deductible. Here is a better example of how you can perform this determination yourself.

Average monthly premium for $250 deductibles: $104
Average monthly premium for $500 deductibles (subtract): - $90
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important thing to remember is that increasing deductibles to save money means you pay more out-of-pocket if you have a claim. You will want to have enough money in the bank in the event you have to pay the deductible to have repairs made.

Can higher deductibles save money?

The illustration below highlights how deductible choice and can influence Chevrolet Impala annual premium costs for different age categories. The information is based on a married male driver, full coverage, and no discounts are applied.

Cheaper rates by getting discounts

Companies don't always advertise every available discount very well, so we break down some of the more common and the harder-to-find credits that you can use to lower your rates. If you do not double check each discount you qualify for, you're paying more than you need to.Cheaper auto insurance with discounts

Remember that most of the big mark downs will not be given to all coverage premiums. Some only reduce individual premiums such as comp or med pay. Despite the fact that it seems like you could get a free auto insurance policy, you're out of luck. But any discount will definitely reduce the premium cost.

Car insurance companies that possibly offer most of these discounts may include but are not limited to:

If you want affordable Colorado Springs car insurance quotes, ask each company or agent what discounts are available to you. All car insurance discounts may not apply to policies in your area.

Compare rate quotes but still have a local Colorado Springs insurance agency

A lot of people still prefer to get professional advice from a licensed agent and that is recommended in a lot of cases Experienced insurance agents can point out coverage gaps and help file insurance claims. The biggest benefit of price shopping on the web is that you can obtain cheap auto insurance quotes and still have an agent to talk to. And supporting local insurance agencies is definitely important in Colorado Springs.

Insurance agency in Colorado SpringsTo help locate an agent, after submitting this short form, your information is instantly submitted to companies in Colorado Springs that can give you free Colorado Springs car insurance quotes for your business. You don't have to contact any insurance agencies since price quotes are sent to the email address you provide. If you want to get a rate quote from a specific company, you can always search and find their rate quote page and complete a quote there.

Deciding on a insurer requires you to look at more than just a cheap quote. Ask your prospective agent these questions:

You may need specialized insurance coverage

When it comes to choosing a policy for your personal vehicles, there isn't really a perfect coverage plan. Every situation is different so your insurance should reflect thatHigher deductibles save money Here are some questions about coverages that can help discover if you could use an agent's help.

If it's difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Why Your Insurance Costs might be higher

When buying auto insurance it's important to understand a few of the rating criteria that come into play when calculating the rates you pay for auto insurance. When consumers understand what influences your rates, this allows you to make educated decisions that can help you get lower premium levels. Many things are used when pricing auto insurance. Some of the criteria are obvious such as your driving history, but other factors are not as apparent like where you live or how safe your car is.

The itemized list below are some of the most common factors used by insurance companies to determine your rate level.

Policy add-ons may be wasting money - Insurance companies have many additional coverages that can waste your money if you don't pay attention. Coverages for roadside assistance, accident forgiveness, and term life insurance may not be needed and are just wasting money. These coverages may sound good initially, but if you don't need them eliminate them to save money.

Never go without auto insurance - Not maintaining insurance is against the law and your next policy will cost more because you let your insurance coverage expire. And not only will insurance be more expensive, not being able to provide proof of insurance can result in fines and jail time.

Lower rates come with age - Older, more experienced drivers are proven to be safer behind the wheel, tend to file fewer claims, and usually have better credit.Drivers with little experience tend to be less responsible when driving with friends so they pay higher auto insurance rates.

Your employer can affect rates - Jobs like military personnel, airline pilots, and miners tend to pay higher average rates due to high stress and incredibly demanding work hours. Conversely, jobs such as professors, athletes and the unemployed have the lowest average rates.

Getting married is a good thing - Having a spouse actually saves money compared to being single. Having a significant other is viewed as being more mature and responsible and statistics show married drivers tend to file fewer claims.

You might want pay the inexpensive claims yourself - If you are the type of insured that files lots of claims you can look forward to either policy cancellation or increased premiums. Car insurance companies in Colorado award the lowest premiums to people who only file infrequent claims. Insurance coverage is designed for claims that pose a financial burden.

Car insurance liability limits - Liability insurance will provide protection if ever you are found to be at fault for personal injury or accident damage. It provides legal defense which can be incredibly expensive. This coverage is very inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.

Insurance loss statistics a Chevy Impala - Companies use statistical claims data as a way to help calculate a profitable premium price. Vehicles that the data determines to have a trend towards higher claim severity or frequency will have higher rates for specific coverages.

The next table shows the insurance loss data used by companies for Chevy Impala vehicles. For each policy coverage, the loss probablilty for all vehiclescombined as an average is considered to be 100. Values under 100 suggest a better than average loss history, while values that are 100 or greater indicate more frequent claims or a tendancy for losses to be larger than average.

Chevrolet Impala Insurance Claim 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why insurance is not optional

Despite the high cost of buying insurance for a Chevy Impala in Colorado Springs, insurance is a good idea for several reasons.

The benefits of having insurance outweigh the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is wasting up to $865 each year so compare rate quotes at every policy renewal to ensure rates are competitive.

Compare but don't skimp

The cheapest Chevy Impala insurance in Colorado Springs can be bought online and from local insurance agents, and you need to price shop both to have the best selection. Some companies don't offer rates over the internet and usually these smaller companies provide coverage only through independent insurance agents.

As you quote Colorado Springs car insurance, you should never skimp on coverage in order to save money. There are many occasions where someone sacrificed full coverage and learned later they didn't have enough coverage. Your goal is to get the best coverage possible for the lowest price and still be able to protect your assets.

Much more information about insurance in Colorado is located at these links: