Chevy Impala Insurance Quotes in Denver

Sick and tired of trying to scrape together enough money to buy auto insurance? You are no different than many other Colorado consumers.

A recent NerdWallet.com study revealed that a large majority of drivers renewed their policy with the same company for at least the last four years, and approximately 40% of consumers have never shopped around. Many drivers in Denver can cut their rates by approximately $605 a year just by getting comparison quotes, but they don’t believe the amount of money they would save if they bought a different policy. You have so many insurers to pick from, and although it’s a good thing to have a selection, so many choices can make it hard to find the best rates for your vehicles.

It is always a good idea to quote other rates before your policy renews because prices fluctuate regularly. Just because you had the best rates on Chevy Impala insurance in Denver last year you will most likely find a better premium rate today. There are lots of tips to save on Impala insurance online but by reading this article, you’re going to learn a lot of great tips on how to find affordable auto insurance in Denver.

Getting a more affordable price on insurance is actually quite simple. The only thing you need to do is take time to compare rates online from several insurance companies.

Online shopping is fast and free, and it makes it a waste of time to make phone calls or go to insurance agents’ offices. Quoting Chevy Impala insurance online makes this unnecessary unless your situation requires the guidance that can only be provided by a licensed insurance agent. It is possible with some companies get the lowest quotes online but have your policy serviced through an agent.

The car insurance companies shown below provide quotes in Denver, CO. If multiple companies are listed, we recommend you compare several of them to find the most affordable car insurance rates.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price estimates do not factor in specific location information which can decrease or increase coverage rates noticeably.

Higher deductibles save money

When shopping for car insurance, a common question is which deductible level should you buy. The following insurance rates can help you understand the rate differences between low and high physical damage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rates do not factor in the specific area where the vehicle is garaged which can increase or decrease rates greatly.

Based on the data above, we can derive that using a $100 deductible will cost you approximately $24 more each month or $288 every year than choosing the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 17 months between claims, you would come out ahead if you opt for a higher deductible.

Full coverage rates compared to liability-only

The example below shows the comparison of Chevrolet Impala yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The rate quotes are based on no claims or driving violations, $100 deductibles, married male driver, and no discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no set guideline to delete full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s pretend your Chevrolet Impala book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after the deductible is paid. If you are paying in excess of $300 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some scenarios where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Don’t be fooled by advertising claims

Colorado drivers constantly see and hear ads for cheaper insurance by Progressive, Allstate and GEICO. All the companies advertise the message that drivers will save a bundle if you get a free Denver car insurance quote and switch to their company.

Is it even possible that every company can offer drivers better rates? This is how they do it.

All companies have specific characteristics for a prospective insured that earns them the most money. One example of a profitable risk profile might be described as a mature driver, has few claims, and drives less than 7,500 miles a year. Any customer that matches those criteria receive the lowest rate quotes in Denver and will also save a lot of money.

Consumers who don’t measure up to these standards will have to pay a higher premium which results in the customer not purchasing. If you listen to the ad wording, they say “people that switch” but not “everyone who gets a quote” will save that much if they switch. This is how companies can make the claims of big savings. Because of the profiling, it is so important to get Denver car insurance quotes as often as possible. It is impossible to predict which company will fit you best based on your risk profile.

Here’s why auto insurance is not optional

Despite the fact that auto insurance is not cheap in Denver, auto insurance is required for several reasons.

First, most states have minimum liability requirements which means you are required to carry a specific level of liability protection if you don’t want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you took out a loan on your Impala, almost all lenders will require you to buy full coverage to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Chevy at a much higher rate and make you pay the higher price.

Third, auto insurance preserves not only your Chevy Impala but also your assets. It also can pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage also covers legal expenses in the event you are sued. If your Chevy gets damaged, your policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your car definitely exceed the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer is overpaying more than $865 each year so you should quote rates at every renewal to ensure rates are inline.

Save with these eight price cutting discounts

Insuring your vehicles can cost a lot, but companies offer discounts to help bring down the price. Some discounts will apply when you get a quote, but a few need to be asked about before they will apply. If you don’t get every credit you deserve, you could be paying more than you need to.

• Life Insurance Discount – Not all insurance companies offer life insurance, but some may give you a small discount if you purchase a life policy as well.
• Early Signing – Some insurance companies reward drivers for signing up before your current Impala insurance policy expires. It could save around 10% when you buy Denver car insurance online.
• Professional Memberships – Affiliation with certain professional organizations is a simple method to lower premiums on insurance.
• Discounts for Government Workers – Federal government employees could cut as much as 10% off with some insurance companies.
• Braking Control Discount – Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
• Onboard Data Collection – Drivers who elect to allow driving data collection to analyze driving manner by using a telematic data system such as Progressive’s Snapshot may see discounts if they exhibit good driving behavior.
• Home Ownership Discount – Just being a homeowner can save a few bucks since owning and maintaining a home demonstrates responsibility.
• Distant Student – Any of your kids who are enrolled in a college that is more than 100 miles from Denver and won’t have access to an insured vehicle may be able to be covered for less.

As a disclaimer on discounts, some credits don’t apply to your bottom line cost. Most only apply to individual premiums such as medical payments or collision. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.

Auto insurance companies that may have these benefits include:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• GEICO

Double check with all companies you are considering which credits you are entitled to. Depending on the company, some discounts might not be available to policyholders in Denver.

Car insurance agents near you

Many people prefer to sit down with an agent and that is just fine! Agents will help you protect your assets and will help you if you have claims. A good thing about getting online price quotes is the fact that drivers can get lower rates but also keep your business local.

To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is emailed to agents in your area who will give you quotes for your insurance coverage. It’s much easier because you don’t need to visit any agencies because quoted prices will be sent to your email. If for some reason you want to compare prices from a specific insurance company, you can always search and find their rate quote page to submit a rate quote request.

Picking the best provider shouldn’t rely on just the quoted price. Any agent in Denver should be willing to answer these questions.

• Do they have cheaper tiers of coverage?
• Will you work with the agent or an assistant?
• How would your car be valued if totalled?
• Which company do they place the most coverage with?
• Do they carry Errors and Omissions coverage?
• What are the financial ratings for the companies they represent?

When looking for a reliable insurance agency, it’s helpful to know the different types of agents from which to choose. Car insurance agencies may be either exclusive or independent. Either one can insure your vehicles properly, but it’s worth mentioning why they differ because it can factor into your selection of an agent.

Exclusive Insurance Agencies

Exclusive agencies normally can only provide a single company’s rates like State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. These agents are usually quite knowledgeable on their products and sales techniques which helps them sell insurance even at higher premiums.

Listed below is a short list of exclusive insurance agents in Denver who may provide you with rate quotes.

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Independent Insurance Agents

These type of agents are not employed by any specific company and that allows them to write policies amongst many companies and get you the best rates possible. If your agent finds better pricing, your agent can switch companies and you don’t have to do anything. If you need lower rates, you need to get quotes from at least one independent agent for maximum quote selection.

Listed below are independent insurance agents in Denver that can give you price quotes.

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When to get professional advice

When it comes to buying adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Every situation is different.

These are some specific questions can aid in determining if your insurance needs could use an agent’s help.

• How can I get my company to pay me more for my totalled car?
• How do I file an SR-22 for a DUI in Colorado?
• Is there coverage for my trailer?
• Am I covered if hit by an uninsured driver?
• Do I have coverage for damage caused while driving under the influence?
• Will I be non-renewed for getting a DUI or other conviction?
• Should I waive the damage coverage when renting a car?

If you’re not sure about those questions then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form. It is quick, free and can provide invaluable advice.

Educate yourself about car insurance coverages

Understanding the coverages of car insurance aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as pain medications, surgery, ambulance fees, X-ray expenses and hospital visits. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a broken windshield, vandalism, hitting a bird and rock chips in glass. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverages – Collision insurance pays for damage to your Impala from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with another moving vehicle, backing into a parked car and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible on your Impala in order to get cheaper collision rates.

Uninsured or underinsured coverage – This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Impala.

Since many Colorado drivers carry very low liability coverage limits (which is 25/50/15), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for liability – Liability insurance will cover damages or injuries you inflict on other people or property by causing an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/15 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $15,000 paid for damaged property.

Liability can pay for claims like emergency aid, repair bills for other people’s vehicles, legal defense fees, pain and suffering and funeral expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford. Colorado state minimum liability requirements are 25/50/15 but you should think about purchasing more liability than the minimum.

Persistence will pay off

Some insurance companies do not provide price quotes online and most of the time these smaller companies sell through local independent agencies. Cost effective Chevy Impala insurance can be purchased on the web and from local agencies, and you should compare price quotes from both in order to have the best price selection to choose from.

We just presented a lot of ways to save on Chevy Impala insurance in Denver. It’s most important to understand that the more you quote Denver car insurance, the better your comparison will be. You may even find the best price on auto insurance is with an unexpected company.

As you prepare to switch companies, don’t be tempted to skimp on coverage in order to save money. There have been many cases where someone sacrificed uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to purchase plenty of coverage at the best price but still have enough coverage for asset protection.

To learn more, take a look at the resources below:

• Side Impact Crash Tests (iihs.org)
• Who Has Cheap Auto Insurance Rates for a Jeep Wrangler in Denver? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for Teenagers in Denver? (FAQ)
• Who Has the Cheapest Denver Car Insurance for Young Drivers? (FAQ)
• What Car Insurance is Cheapest for a 20 Year Old Male in Denver? (FAQ)
• How Much is Auto Insurance for Uber Drivers in Denver? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Immigrants in Denver? (FAQ)
• Get the Right Protection (InsureUonline.org)
• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)