Auto Insurance Rates for a Chevy Impala in Toledo

Finding affordable Toledo Chevy Impala insurance quotes can appear to be overwhelming for vehicle owners that are relatively new to comparing rates over the internet. Since there are so many companies in the marketplace, how can you efficiently compare every company to locate the best available rates?

Steps to finding discount Chevy Impala insurance in Toledo

If saving money is your primary concern, then the best way to get budget Chevy Impala insurance is to compare prices regularly from different companies who provide car insurance in Toledo.

• First, learn about how companies set rates and the measures you can take to lower rates. Many rating criteria that are responsible for high rates such as speeding tickets, careless driving and a bad credit rating can be remedied by making minor driving habit or lifestyle changes. This article provides additional ideas to help prevent high rates and find more discounts that you may not know about.
• Second, compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like Progressive or State Farm, while independent agencies can quote prices for a wide range of companies.
• Third, compare the price quotes to the price on your current policy and determine if there is any savings. If you find better rates and switch companies, make sure coverage does not lapse between policies.

The critical component of shopping around is to use the same amount of coverage on every quote and and to compare every insurance company. Doing this enables a fair price comparison and a complete selection of prices.

It’s well known that insurance companies want to keep your business as long as possible. Consumers who compare rates once a year will probably switch to a new company because of the high probability of finding a cheaper policy. A recent study showed that drivers who compared rates once a year saved $850 each year as compared to drivers who never shopped around for better prices.

If finding the cheapest price for Chevy Impala insurance is the reason you’re reading this, then having an understanding of how to find companies and compare insurance rates can save time and make the process easier.

The most recommended method to get rate comparisons for Chevy Impala insurance in Toledo is to know the trick car insurance companies actually pay money for the chance to provide you with free rate quotes. The one thing you need to do is provide a small amount of information such as how much coverage you want, if you went to college, if your license is active, and if it has an anti-theft system. Your information is submitted instantly to insurance companies and you receive quotes with very little delay.

To start a rate quote now, click here and enter the information requested.

The following companies provide free quotes in Ohio. To find cheap car insurance in OH, we recommend you visit two to three different companies to get the most competitive price.

Discounts for cheaper auto insurance rates

Some companies do not advertise all possible discounts in a way that’s easy to find, so the list below details a few of the more well known and also the lesser-known savings tricks you should be using when you buy Toledo auto insurance online.

• Braking Control Discount – Vehicles with anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
• Early Signing – A few auto insurance companies offer discounts for switching to them early. It can save you around 10%.
• Claim-Free Discount – Claim-free drivers have much lower rates when compared to insureds who have frequent claims or accidents.
• Discount for Good Grades – Performing well in school may save as much as 25% on a Toledo auto insurance quote. The discount lasts up to age 25.
• Accident Forgiveness – This isn’t a discount exactly, but a handful of insurance companies will allow you to have one accident without the usual rate increase with the catch being you have to be claim-free for a particular time prior to the accident.
• Paper-free Discount – A few larger online companies give back up to $50 get Toledo auto insurance online.
• Save with More Vehicles Insured – Buying insurance for multiple cars or trucks with one company could earn a price break for each car.
• Passive Restraints – Vehicles equipped with air bags or automatic seat belts may earn rate discounts as much as 30%.

Consumers should know that some credits don’t apply to your bottom line cost. 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, nobody gets a free ride.

The illustration below shows the difference between Chevy Impala insurance rates with and without discounts. Data assumes a male driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, safe-driver, multi-car, and marriage discounts applied.

Companies and a summarized list of policyholder discounts are detailed below.

• State Farm offers discounts for passive restraint, defensive driving training, Drive Safe & Save, good student, and accident-free.
• Nationwide has discounts for Farm Bureau membership, defensive driving, easy pay, multi-policy, business or organization, and accident-free.
• GEICO includes discounts for anti-lock brakes, daytime running lights, military active duty, multi-vehicle, five-year accident-free, membership and employees, and emergency military deployment.
• AAA policyholders can earn discounts including multi-policy, pay-in-full, AAA membership discount, multi-car, anti-theft, good driver, and education and occupation.
• 21st Century has savings for 55 and older, automatic seat belts, early bird, driver training, air bags, and homeowners.
• The Hartford discounts include bundle, air bag, driver training, vehicle fuel type, defensive driver, anti-theft, and good student.

When quoting, ask all the companies to give you their best rates. Depending on the company, some discounts might not be available to policyholders everywhere. To locate insurance companies that provide some of the discounts listed above in Toledo, click here to view.

Coverage information

The coverage table below covers a range of rate quotes for Chevy Impala models. Knowing how prices are figured can help customers make smart choices when comparing insurance quotes.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price estimates do not factor in specific zip code location which can decrease or increase price quotes noticeably.

Rate comparison for different deductibles

One common question asked by Toledo drivers is what deductibles to buy. The comparisons below summarize the difference in cost of buying low and high physical damage deductibles. The first rate quote example uses a $100 deductible for comp and collision and the second price table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in specific location which can impact price quotes considerably.

Based on this data, using a $100 deductible will cost in the ballpark of $23 more each month or $276 each year averaged for all Impala models than quoting the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 39 months between claim filings, you would probably come out ahead if you choose the higher deductible.

Drive safe and save

The chart below highlights how traffic violations and at-fault claims influence Chevy Impala premium costs for each age group. The premium estimates are based on a single female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Full coverage versus liability-only in Toledo

The illustration below compares Chevy Impala insurance premiums with and without physical damage coverage. The data is based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Should you be buying full coverage?

There isn’t a written rule for eliminating physical damage insurance, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s pretend your Chevy Impala settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying the physical damage deductible. If you are currently paying more than $800 a year for your policy with full coverage, then it might be time to buy liability only.

There are some conditions where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Why You Might Pay Higher Rates in Toledo

A large part of saving on car insurance is knowing the factors that go into determining your premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that may result in big savings.

The following are some of the items car insurance companies consider when setting rates.

• Liability insurance is critical – Liability coverage kicks in when a court rules you are at fault for damages from an accident. It will provide for a legal defense which can cost a lot. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.

• High performance equals high prices – The performance of the vehicle you drive makes a significant difference in your car insurance bill. Lower cost passenger cars usually are quite affordable to insure, but your final cost has many other factors.

  The next chart uses these assumptions: married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It compares Chevrolet Impala rates compared to other models that have different performances.

• Lower rates for safer cars – Vehicles with good safety scores tend to be cheaper to insure. The safest vehicles have better occupant injury protection and fewer serious injuries means your insurance company pays less and thus lower rates. If your Chevy Impala scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
• Commute or pleasure use – The higher the miles on your Chevy every year the more you will pay for car insurance. Most insurance companies calculate rates based on their usage. Cars that sit idle most of the time cost less to insure compared to those used for work or business. Improper usage on your Impala may be costing you. Ask your agent if your vehicle rating shows the proper vehicle usage.
• Save money by having responsible credit – Your credit score can be an important factor in your rate calculation. So if your credit is not that good, you could be paying less to insure your Chevrolet Impala if you improve your credit rating. Drivers who have very high credit ratings tend to be better risks to insure as compared to drivers with bad credit.
• Do thieves like your car? – Purchasing a vehicle with a theft deterrent system can save you some money. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent auto theft and help lower rates.
• Consolidate policies and save money – Most car insurance companies allow lower prices for people who carry more than one policy such as combining an auto and homeowners policy. Even if you’re getting this discount it’s always a smart idea to compare other company rates to make sure you are getting the best deal.There is a good possibility that you can find lower rates even if you have your coverage with different companies

• Gals tend to take less risk – Statistics demonstrate women tend to be less risk to insure than men. The data does not necessarily mean that women are better drivers. Females and males have at-fault accidents at a similar rate, but guys get into accidents with more damage. Men also get more serious tickets such as DWI and reckless driving.

  The example below illustrates the comparison of Chevy Impala insurance rates for male and female drivers. The premiums assume no violations or accidents, full coverage, $500 deductibles, drivers are not married, and no discounts are factored in.

• Chevy Impala insurance loss data – Companies analyze past claim statistics to calculate a rate that offsets possible losses. Vehicles that the data shows to have increased losses will have increased rates.

  The table below outlines the historical loss data for Chevy Impala vehicles. For each type of coverage, the claim amount for all vehicles averaged together is considered to be 100. Values that are 100 or less indicate a favorable loss history, while values over 100 indicate more frequent claims or an increased chance of a larger loss.

  
  

  Chevrolet Impala Insurance Loss 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 from IIHS.org for 2013-2015 Model Years