Car Insurance Rate Quotes for a Chevy Impala in Lexington

The preferred way to get discount auto insurance rates is to compare prices regularly from different companies that insure vehicles in Lexington. You can compare prices by following these steps.

1. Read and learn about car insurance and the things you can control to keep rates down. Many rating criteria that cause high rates like traffic citations, accidents, and poor credit history can be rectified by improving your driving habits or financial responsibility.
2. Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or State Farm, while independent agencies can provide rate quotes from multiple companies. Get quotes now
3. Compare the new rate quotes to your existing rates and determine if cheaper Impala coverage is available. If you can save some money, make sure there is no lapse in coverage.
4. Tell your current company of your intention to cancel your current policy. Submit the application along with any required down payment to your new company or agent. Immediately upon receiving it, safely store the proof of insurance paperwork in an easily accessible location in your vehicle.

One tip to remember is to compare the same level of coverage on each quote request and and to get rate quotes from as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and a complete rate analysis.

Astonishing but true according to a recent study, 70% of consumers have been with the same company for well over three years, and nearly half have never compared rates with other companies. Drivers in Lexington can cut their rates by roughly 30% a year just by comparing rates, but they don’t want to take the time to shop around.

If you have insurance now or just want to reduce your rates, you can follow these tips to lower your rates and still have adequate protection. Locating the best rates in Lexington can be easy if you know a few tricks. Smart buyers just have to use how to find the lowest price online.

The companies in the list below can provide free rate quotes in Kentucky. To locate cheap auto insurance in Lexington, we suggest you visit two to three different companies to get the lowest price.

Rates and data analysis

The rate table below highlights different insurance prices for Chevy Impala models. Understanding how premiums are formulated can help drivers make decisions on which coverage to buy.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage prices greatly.

Can higher deductibles save money?

When buying car insurance, a common question is how high should the physical damage deductibles be. The figures shown below lay out the differences in price between high and low comp and collision deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price information does not factor in specific location which can raise or lower premiums greatly.

Based on the above data, using a $100 deductible costs approximately $33 more each month or $396 each year averaged for all Impala models than quoting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 27 months between claim filings, you would save money if you decide on a higher deductible.

Car insurance rates based on gender in Lexington

The diagram below illustrates the difference between Chevy Impala insurance prices for male and female drivers. The prices are based on no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in.

Cost comparison with and without full coverage

The chart below compares Chevy Impala insurance rates with full coverage and liability only. The rates are based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are applied.

Should you buy full coverage or liability only?

There is no exact rule for dropping full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Chevy Impala settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after the policy deductible has been paid. If you are currently paying more than $800 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some cases where removing full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Discounts can help save money on Chevy Impala insurance in Lexington

Some insurance providers don’t always publicize all their discounts in a way that’s easy to find, so we took the time to find both well-publicized in addition to some of the lesser obvious discounts that may be available.

• New Vehicle Savings – Putting car insurance coverage on a new Impala can save up to 30% since new vehicles are generally safer.
• Good Student Discount – Maintaining excellent grades can be rewarded with saving of up to 25%. The good student discount can last until age 25.
• Discounts for Good Drivers – Drivers without accidents may save up to 50% more than their less cautious counterparts.
• Homeowners Savings – Being a homeowner can save you money since owning and maintaining a home requires a higher level of personal finance.
• Lower Rates for Military – Having a deployed family member could trigger a small discount.
• Distant College Student Discount – College-age children who attend college more than 100 miles from Lexington and leave their car at home can receive lower rates.

Discounts lower rates, but many deductions do not apply to the entire cost. Some only reduce specific coverage prices like medical payments or collision. So even though it sounds like all those discounts means the company will pay you, nobody gets a free ride. Any amount of discount will definitely lower the premium cost.

The illustration below shows the difference between Chevy Impala insurance costs with and without discounts being applied to the rates. The data is based on a male driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, safe-driver, claim-free, and multi-policy discounts applied.

A list of car insurance companies and some of the premium reductions they offer are:

• 21st Century has savings for air bags, defensive driver, theft prevention, automatic seat belts, and driver training.
• Progressive may include discounts for multi-vehicle, homeowner, multi-policy, good student, and online quote discount.
• State Farm discounts include Drive Safe & Save, safe vehicle, anti-theft, student away at school, accident-free, passive restraint, and Steer Clear safe driver discount.
• Nationwide includes discounts for multi-policy, business or organization, easy pay, defensive driving, anti-theft, good student, and accident-free.
• Esurance may have discounts that include anti-lock brakes, claim free, paid-in-full, safety device, multi-car, anti-theft, and DriveSense.
• The Hartford offers discounts for driver training, air bag, bundle, defensive driver, anti-theft, and good student.

When comparing rates, check with every company what discounts are available to you. Savings may not apply to policies everywhere.

Choosing the best Chevy Impala insurance in Kentucky is an important decision

Despite the potentially high cost of Chevy Impala insurance, insuring your vehicle serves a purpose in several ways.

• Just about all states have minimum mandated liability insurance limits which means you are required to buy specific minimum amounts of liability coverage in order to be legal. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your Chevy, it’s most likely the lender will make it a condition of the loan that you have full coverage to guarantee loan repayment. If you default on your policy, the lender may insure your Chevy at a more expensive rate and require you to fork over the higher premium.
• Auto insurance protects both your vehicle and your assets. It also can pay for medical bills that are the result of an accident. Liability insurance will also pay to defend you if you are sued as the result of an accident. If your Chevy gets damaged, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance outweigh the cost, particularly for liability claims. But the average driver in Kentucky overpays more than $825 a year so shop around at every policy renewal to help ensure money is not being wasted.

Local Lexington insurance agencies

A small number of people just want to buy from a licensed agent. Good agents can make sure you are properly covered and will help you if you have claims. A nice benefit of comparing insurance prices online is that you can find the lowest rates and still buy from a local agent. Buying from and supporting small agencies is still important in Lexington.

For easy comparison, once you complete this short form, your information is transmitted to insurance agents in Lexington who will give you quotes for your coverage. It simplifies rate comparisons since you won’t have to even leave your home because quoted prices will be sent immediately to you. If you wish to get a rate quote from a specific company, you would need to find their quoting web page to submit a rate quote request.

Types of car insurance agents in Lexington

If you are wanting to find a local insurance agency, there are two types of insurance agents and how they can write your policy. Agents can either be independent agents or exclusive agents. Both types of agents can do a good job, but it’s important to know the difference in how they write coverage since it can affect the type of agent you choose.

Independent Insurance Agents

Agents that elect to be independent often have affiliation with several companies so they can insure your vehicles amongst many companies and find the cheapest insurance rates. To transfer your coverage to a different company, your agent can just switch to a different company and you won’t have to switch agencies. When searching for an agent, you need to get quotes from multiple independent agents in order to compare the most rates.

The following is a short list of independent insurance agencies in Lexington that can possibly get you free insurance quotes.

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Exclusive Insurance Agencies

Agents in the exclusive channel can only provide one company’s prices and some examples include Allstate, Farmers Insurance, State Farm, and AAA. They are unable to compare rates from other companies so you might not find the best rates. They are well trained on the products they sell which can be an advantage.

Shown below are exclusive insurance agencies in Lexington that are able to give comparison quotes.

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Picking an auto insurance agent requires more thought than just the premium amount. These are some questions your agent should answer.

• Does the agency support the community they serve?
• How much will you save each year by using a higher deductible?
• Does the quote include credit and driving reports?
• If your car is in the repair shop, do you have coverage for a rental car?
• Are all drivers listed on the coverage quote?
• How many years of experience in personal auto insurance do they have?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Does the company have a solid financial rating?