Save Money on Chevy Impala Insurance in New Orleans

Would you like to find more competitive Chevy Impala insurance in New Orleans? Feel like you’re a prisoner to an overpriced auto insurance policy? It’s a common feeling and you’re not the only one.

Sad but true, a large majority of drivers have been with the same company for a minimum of four years, and nearly half have never compared quotes from other companies. New Orleans drivers can save almost 35% each year just by comparing rates, but most just don’t grasp how much money they would save if they switch to a new company.

You have multiple auto insurance companies to pick from, and although it’s a good thing to have a selection, lots of choices makes it harder to find a good deal for Chevy Impala insurance in New Orleans.

Cheap car insurance in New Orleans, LA

The companies in the list below provide free rate quotes in Louisiana. If multiple companies are listed, it’s highly recommended you click on several of them to find the most affordable car insurance rates.

Car insurance statistics for a Chevy Impala

The table displayed below outlines a range of insurance premium costs for Chevy Impala models. Understanding more about how rates are formulated is important for drivers to make informed decisions when shopping around for a new policy.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium amounts do not factor in New Orleans location which can decrease or increase auto insurance rates considerably.

An analysis of deductible level

When shopping for car insurance, a common question is how high should the physical damage deductibles be. The following insurance rates highlight the cost difference of buying low and high physical damage coverage deductibles. The first rate table uses a $250 deductible for comp and collision and the second rate table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can modify insurance rates substantially.

We can estimate from the data above that using a $250 deductible costs roughly $18 more each month or $216 annually across all Chevrolet Impala models than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 14 months between claims, you would come out ahead if you choose the higher deductible.

An important sidenote is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself when you have a claim. You need to have some savings in the bank in order to pay the deductible for vehicle repair.

Drive safe and save

The chart below illustrates how violations and accidents can influence Chevy Impala auto insurance rates for different insured age categories. Data assumes a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Get cheaper rates with these seven discounts

Some providers don’t always list every discount very clearly, so the list below details some of the more common and also the more inconspicuous ways to save on insurance.

• Federal Employees – Active or former government employment could qualify for a slight premium decrease with some insurance companies.
• Switch and Save Discount – A few insurance companies offer discounts for switching to them before your current Impala insurance policy expires. This can save 10% or more.
• Good Student Discount – Getting good grades could provide a savings of up to 20% or more. The discount lasts up to age 25.
• Full Payment Discount – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
• Senior Citizen Rates – Seniors may be able to get a small decrease in premiums.
• New Orleans Homeowners Pay Less – Being a homeowner can get you a discount because owning a home means you have a higher level of financial diligence.
• Accident Forgiveness Coverage – Not a discount per se, but some companies like Allstate and Progressive will turn a blind eye to one accident without getting socked with a rate hike with the catch being you have to be claim-free for a particular time prior to the accident.

Keep in mind that some credits don’t apply to the overall cost of the policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. Despite the appearance that all those discounts means the company will pay you, companies wouldn’t make money that way.

The diagram below illustrates the comparison of Chevy Impala auto insurance rates with and without discounts applied to the rates. The premiums assume a male driver, no claims or driving violations, Louisiana state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, multi-policy, multi-car, and safe-driver discounts applied.

The best insurance companies and some of the discounts are outlined below.

• Farm Bureau offers premium reductions for good student, renewal discount, multi-vehicle, multi-policy, and safe driver.
• Liberty Mutual offers discounts including safety features, hybrid vehicle, newly retired, multi-policy, new move discount, new vehicle discount, and multi-car.
• State Farm policyholders can earn discounts including student away at school, good driver, safe vehicle, good student, multiple policy, and anti-theft.
• Auto-Owners Insurance has savings for teen driver, group or association, student away at school, mature driver, anti-lock brakes, and safe driver.
• GEICO may include discounts for air bags, five-year accident-free, military active duty, multi-vehicle, and membership and employees.
• SAFECO includes discounts for multi-car, teen safety rewards, bundle discounts, anti-theft, anti-lock brakes, accident prevention training, and homeowner.

When getting free New Orleans auto insurance quotes, it’s a good idea to each insurance company which credits you are entitled to. Some discounts listed above might not be available to policyholders in New Orleans. If you would like to choose from a list of insurance companies with discount insurance rates in Louisiana, follow this link.

Independent versus exclusive car insurance agents

Certain consumers just want to sit down with an agent and that is a personal choice. A nice benefit of comparing rates online is you may find lower rates and still have an agent to talk to. Supporting local agents is still important in New Orleans.

After filling out this short form, your coverage information gets sent to local insurance agents in New Orleans that can provide free New Orleans auto insurance quotes for your business. There is no reason to contact any insurance agencies as quotes are delivered immediately to your email address. Get lower rates without requiring a lot of work. If you wish to compare rates from a specific car insurance provider, you can always visit that company’s website and complete a quote there.

Best auto insurance agent in New Orleans

When researching a local agent, there are a couple of different types of agencies and how they are distinctly different. Agents are either independent (non-exclusive) or exclusive.

Independent Car Insurance Agencies

Agents in the independent channel are not employed by any specific company so as a result can place your coverage with multiple insurance companies and possibly get better coverage at lower prices. If premiums increase, your agent can just switch to a different company and the insured can keep the same agent. When comparison shopping, we recommend you include price quotes from independent agents for the best price selection.

Shown below is a short list of independent insurance agencies in New Orleans that may be able to give cheap rate quotes.

More insurance agents

Exclusive Agents

Agents that choose to be exclusive can only provide pricing for a single company like State Farm, Allstate and AAA. They are unable to provide rate quotes from other companies so it’s a take it or leave it situation. These agents are usually quite knowledgeable on sales techniques and that allows them to sell at a higher price point.

Listed below is a list of exclusive agencies in New Orleans who can help you get price quotes.

More insurance agents

Finding the right insurance agency should depend on more than just a cheap quote. These are some questions you should get answers to.

• What are the financial ratings for the companies they represent?
• Is there any savings for paying the full premium?
• Are they full-time agents?
• Do they make recommendations based only on price?
• How are claims handled?
• How long has their agency been in business in New Orleans?

Car insurance coverage specifics

Learning about specific coverages of your policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by car insurance companies.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as theft, a tree branch falling on your vehicle, damage from a tornado or hurricane and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like dental work, pain medications and ambulance fees. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Auto liability insurance

Liability insurance can cover damages or injuries you inflict on people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 15/30/25 which stand for a $15,000 limit per person for injuries, $30,000 for the entire accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like medical expenses, repair costs for stationary objects and loss of income. How much liability should you purchase? That is your choice, but buy as large an amount as possible. Louisiana state law requires minimum liability limits of 15/30/25 but it’s recommended drivers buy better liability coverage.

The illustration below shows why low liability limits may not be adequate coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

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

Since many Louisiana drivers only purchase the least amount of liability that is required (Louisiana limits are 15/30/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits do not exceed the liability coverage limits.

Coverage for collisions

This covers damage to your Impala resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as driving through your garage door, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to raise the deductible on your Impala to bring the cost down.

Insurance savings summarized

There are still a few companies who may not offer the ability to get a quote online and these regional insurance providers only sell coverage through local independent agents. More affordable insurance in New Orleans is definitely available online in addition to local insurance agencies, and you should compare price quotes from both to get a complete price analysis.

In this article, we presented many ideas to get a better price on Chevy Impala insurance in New Orleans. The key thing to remember is the more providers you compare, the higher your chance of finding low cost New Orleans auto insurance quotes. You may even find the lowest priced insurance comes from the smaller companies. Regional companies may cover specific market segments cheaper than the large multi-state companies such as Progressive and GEICO.

How to find low-cost Chevy Impala insurance in New Orleans

Really, the only way to get the cheapest Chevy Impala insurance is to regularly compare quotes from different companies that insure vehicles in New Orleans.

• Step 1: Try to learn about how companies set rates and the steps you can take to lower rates. Many rating criteria that cause high rates such as accidents, traffic violations, and poor credit rating can be rectified by making minor changes in your lifestyle.
• Step 2: Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can provide rate quotes from multiple sources.
• Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.

A good tip to remember is to try to use the same deductibles and limits on every price quote and and to get price estimates from as many auto insurance providers as possible. Doing this ensures a level playing field and a better comparison of the market.

Additional detailed information is available in the articles below:

• Get the Right Protection (InsureUonline.org)
• How Much are Auto Insurance Quotes for Uninsured Drivers in New Orleans? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Teenage Females in New Orleans? (FAQ)
• Who Has Cheap New Orleans Auto Insurance for High Mileage Drivers? (FAQ)
• What Insurance is Cheapest for Welfare Recipients in New Orleans? (FAQ)
• What Auto Insurance is Cheapest for a Nissan Rogue in New Orleans? (FAQ)
• Choosing a Car for Your Teen (State Farm)
• Vehicle Insurance (Wikipedia)
• Collision Insurance Coverage (Nationwide)
• Eight Auto Insurance Myths (Insurance Information Institute)