Are you looking for a better way to compare cheaper car insurance rates in Chicago, IL? Chicago buyers have a choice when searching for the best price on Chevy Impala insurance. They can either waste time contacting agents trying to get quotes or use the internet to find the lowest rates.
There are more efficient ways to buy car insurance so we’re going to tell you the quickest way to compare rates for your Chevy and find the best price possible from both online companies and Chicago agents.
It’s a great practice to do price comparisons yearly since insurance rates go up and down regularly. Just because you found the best rate on Chevy Impala insurance in Chicago on your last policy there may be better deals available now. You can find a lot of information about Impala insurance on the web, but in this article, you’re going to get some proven techniques to reduce your car insurance bill.
The purpose of this article is to tell you how to compare rates easily. If you have a policy now, you will most likely be able to get lower rates using the ideas presented in this article. Consumers just need to learn the most effective way to buy car insurance from many different companies online.
Save money with these nine premium slashing discounts
Some providers do not advertise the entire discount list very clearly, so the following is a list of both the well known and also the more inconspicuous ways to save on car insurance.
- Telematics Data Discounts – Insureds that choose to allow their company to spy on vehicle usage remotely such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks as long as they are good drivers.
- Chicago Homeowners Discount – Owning your own home or condo can save a few bucks due to the fact that maintaining a home is proof that your finances are in order.
- Save over 55 – Older drivers are able to get a small decrease in premiums.
- Claim-Free Discount – Insureds with no claims or accidents are rewarded with significantly better rates on Chicago auto insurance quote compared to accident-prone drivers.
- Driver Training Discounts – Successfully completing a course teaching driver safety skills could save 5% or more and also improve your driving technique.
- Good Driver Discounts – Drivers without accidents may save up to 50% more than less cautious drivers.
- Smart Student Discounts – Performing well in school may save you up to 25%. This discount can apply until age 25.
- Discount for New Cars – Buying a new car model may earn a small discount because new model year vehicles are generally safer.
- Include Life Insurance and Save – Select insurance carriers reward you with a discount if you purchase life insurance.
You can save money using discounts, but most credits do not apply to all coverage premiums. Most only reduce specific coverage prices like collision or personal injury protection. Just because it seems like you could get a free car insurance policy, company stockholders wouldn’t be very happy.
Auto insurance companies that may offer these benefits may include but are not limited to:
If you need lower rates, check with all companies you are considering which discounts you may be entitled to. A few discounts may not be offered in every state.
Finding a lower price on insurance is actually easier than you may think. You just need to take a couple of minutes comparing price quotes to find out which insurance company has the cheapest Chevrolet Impala rate quotes.
The companies shown below provide free rate quotes in Illinois. If multiple providers are shown, it’s highly recommended you visit as many as you can to find the lowest auto insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impala LS | $168 | $418 | $294 | $18 | $88 | $986 | $82 |
| Impala LS | $172 | $390 | $316 | $18 | $94 | $990 | $83 |
| Impala LT | $122 | $246 | $316 | $18 | $94 | $796 | $66 |
| Impala LT | $156 | $282 | $246 | $14 | $74 | $772 | $64 |
| Impala LTZ | $158 | $340 | $250 | $14 | $76 | $838 | $70 |
| Impala LTZ | $256 | $478 | $342 | $20 | $102 | $1,198 | $100 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in specific location information which can raise or lower coverage rates substantially.
Auto insurance deductibles
A question often asked by Chicago drivers is which comprehensive and collision deductibles to buy. The data tables below highlight the rate fluctuation of buying low and high physical damage deductibles. The first table uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impala LS | $196 | $406 | $262 | $16 | $78 | $983 | $82 |
| Impala LS | $196 | $406 | $262 | $16 | $78 | $983 | $82 |
| Impala LT | $224 | $406 | $262 | $16 | $78 | $1,011 | $84 |
| Impala LT | $224 | $406 | $262 | $16 | $78 | $1,011 | $84 |
| Impala LTZ | $224 | $478 | $262 | $16 | $78 | $1,083 | $90 |
| Impala LTZ | $224 | $478 | $262 | $16 | $78 | $1,083 | $90 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impala LS | $142 | $274 | $262 | $16 | $78 | $772 | $64 |
| Impala LS | $142 | $274 | $262 | $16 | $78 | $772 | $64 |
| Impala LT | $164 | $274 | $262 | $16 | $78 | $794 | $66 |
| Impala LT | $164 | $274 | $262 | $16 | $78 | $794 | $66 |
| Impala LTZ | $164 | $322 | $262 | $16 | $78 | $842 | $70 |
| Impala LTZ | $164 | $322 | $262 | $16 | $78 | $842 | $70 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Estimates do not factor in Chicago location which can lower or raise insurance rates noticeably.
We can derive from the above data that using a $100 deductible could cost the average driver approximately $18 more each month or $216 a year than quoting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 22 months between claim filings, you would save money if you choose a higher deductible. The table below shows how you can make your own decision.
| Average monthly premium for $100 deductibles: | $85 |
| Average monthly premium for $500 deductibles (subtract): | – $67 |
| Monthly savings from raising deductible: | $18 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $18 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 22 months |
One thing to be aware of is that raising deductibles to get cheaper rates means you will have to pay more when you do file a claim. It will be required that you have some savings in the event you need to pay the higher deductible.
Comparison of policy deductibles
The illustration below demonstrates how choosing different deductibles and can increase or decrease Chevrolet Impala annual premium costs for different insured age categories. The prices are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Irresponsible driving raises your rates
The example below shows how violations and accidents can affect Chevrolet Impala insurance premiums for different ages of insureds. The price estimates are based on a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
Car insurance is available from local insurance agents
Many drivers still prefer to go talk to an agent and doing so can bring peace of mind Experienced insurance agents can help you build your policy and help in the event of a claim. The biggest benefit of comparing insurance prices online is you can get cheap car insurance rates and still buy from a local agent. Buying insurance from local insurance agencies is important particularly in Chicago.
After completing this short form, your insurance data is sent to local insurance agents in Chicago that can provide free Chicago auto insurance quotes for your car insurance coverage. It makes it easy because there is no need to search for an agent because quoted prices will be sent to the email address you provide. If you have a need to compare rates from a particular provider, you just need to visit that company’s website and submit a quote form there.
If you are wanting to find a reputable insurance agent or broker, it can be helpful to understand the different types of agents that you can choose from. Car insurance policy providers are either independent (non-exclusive) or exclusive. Both sell and service car insurance coverage, but it’s worth mentioning the difference in how they write coverage since it can affect which agent you choose.
Independent Agents
Agents in the independent channel are not limited to a single company so they have the ability to put coverage amongst many companies depending on which coverage is best. If your agent finds better pricing, they can switch companies in-house and you don’t have to switch agencies. When shopping rates, you should always get quotes from several independent insurance agents for maximum quote selection. Many can place coverage with additional companies that you may not be familiar with that may provide cheaper car insurance rates.
Listed below is a short list of independent agents in Chicago who may be able to give you rate quotes.
- Active Insurance Agency – Auto Insurance
1034 N Ashland Ave – Chicago, IL 60622 – (773) 286-3473 – View Map - Thomas Ward Insurance Group
707 W Willow St – Chicago, IL 60614 – (312) 254-1500 – View Map - American Auto Insurance
3201 N Harlem Ave #1 – Chicago, IL 60634 – (773) 286-3500 – View Map
Exclusive Insurance Agents
Exclusive agents can only provide one company’s prices like Allstate and State Farm. Exclusive agents cannot compare rates from other companies so you might not find the best rates. Exclusive agents are usually quite knowledgeable on the products they sell and that can be a competitive advantage. Drivers often choose to use an exclusive agent mostly because of the brand and the convenience of having all coverages with one company.
Shown below are Chicago exclusive insurance agents that can give you comparison quotes.
- Glenda Tolentino-Moser – State Farm Insurance Agent
2015 W Montrose Ave – Chicago, IL 60618 – (773) 549-3300 – View Map - Rhea Joyer – State Farm Insurance Agent
4911 N Lincoln Ave c – Chicago, IL 60625 – (773) 878-8883 – View Map - Russ Spinelli – State Farm Insurance Agent
1525 E 53rd St #727 – Chicago, IL 60615 – (773) 955-3133 – View Map
Finding a good insurance agent shouldn’t rely on just the premium amount. Any agent in Chicago should be forthright in answering these questions:
- Are claims handled at the agent’s location?
- Will the agent or a CSR service your policy?
- Are they involved in claim handling?
- If they are an independent agency in Chicago, which companies do they recommend?
- Do they review policy coverages at every renewal?
Best reasons to buy car insurance in Illinois
Despite the high cost, paying for car insurance is required in Illinois but it also protects you in many ways.
- Most states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability in order to get the vehicle licensed. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Impala has a lien holder, most lenders will require that you have physical damage coverage to guarantee loan repayment. If the policy lapses, the bank may insure your Chevy at a much higher premium rate and require you to pay for the expensive policy.
- Insurance safeguards both your car and your assets. It will also provide coverage for most medical and hospital costs that are the result of an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense in the event you are sued. If your Chevy gets damaged, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance definitely exceed the cost, especially with large liability claims. The average driver in America overpays more than $850 per year so it’s important to compare rates at least once a year to help ensure money is not being wasted.
Auto insurance coverages 101
Learning about specific coverages of auto insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Since many Illinois drivers carry very low liability coverage limits (Illinois limits are 20/40/15), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Frequently the UM/UIM limits are similar to your liability insurance amounts.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance reimburse you for bills for things like chiropractic care, X-ray expenses and pain medications. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP is only offered in select states but can be used in place of medical payments coverage
Liability coverages – This coverage will cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 20/40/15 that means you have $20,000 bodily injury coverage, a limit of $40,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.
Liability coverage pays for claims like funeral expenses, attorney fees and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford. Illinois state law requires minimum liability limits of 20/40/15 but it’s recommended drivers buy higher limits.
Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like sustaining damage from a pot hole, hitting a parking meter, rolling your car, scraping a guard rail and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also choose a higher deductible on your Impala to bring the cost down.
Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as hail damage, fire damage, hitting a bird and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Affordable auto insurance prices are available
As you go through the steps to switch your coverage, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that it was a big mistake. Your focus should be to buy enough coverage at the lowest possible cost, not the least amount of coverage.
Drivers change insurance companies for many reasons like questionable increases in premium, not issuing a premium refund, denial of a claim or even high prices. It doesn’t matter what your reason, choosing a new insurance company can be easier than you think.
Some companies may not offer rate quotes online and many times these regional insurance providers only sell through independent agents. Cheap Chevy Impala insurance in Chicago can be purchased on the web and from local agencies, and you need to price shop both to have the best chance of lowering rates.
Much more information about auto insurance in Illinois is located at the links below
- Tools for Teen Driving Safety (State Farm)
- How Much are Chicago Auto Insurance Quotes for Retired Military? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- Drunk Driving Statistics (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)