Auto Insurance Quotes for a Chevy Impala in Albuquerque

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Insurance rates Chevy Impala in AlbuquerqueTo save the most money, the best way to find better pricing on Chevy Impala insurance is to make a habit of comparing prices annually from companies in Albuquerque. Rates can be compared by completing these steps.

  1. Try to comprehend auto insurance and the measures you can take to keep rates low. Many things that result in higher prices such as distracted driving and an imperfect credit history can be rectified by paying attention to minor details. Keep reading for the details to help reduce premium rates and find discounts that you may qualify for.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from one company like Progressive and State Farm, while independent agencies can quote rates for many different companies.
  3. Compare the new rates to your existing rates and see if there is a cheaper rate. If you find a lower rate quote, make sure coverage is continuous and does not lapse.

A good piece of advice is to try to use similar limits and deductibles on every quote request and and to analyze all possible companies. This enables an accurate price comparison and a thorough price selection.

It's astonishing, but nearly 70% of drivers have stayed with the same insurance company for more than four years, and about 40% of consumers have never shopped around. Consumers in Albuquerque can save hundreds of dollars each year by just shopping around, but they just don't want to do a rate comparison.

If you're already insured, you will surely be able to save money using this information. Finding quotes for affordable protection in Albuquerque is not as confusing as people think. Although New Mexico drivers benefit from understanding how the larger insurance companies market on the web because rates fluctuate considerably.

To find more affordable rates, there are a couple of ways to compare prices from different companies. The easiest way by far to compare Chevy Impala insurance prices is to jump online and get quotes. Keep in mind that making a lot of price comparisons will increase your chances of finding a lower rate. Some companies don't provide online rate quotes, so it's important to also get prices from the smaller companies as well.

The companies in the list below are ready to provide price quotes in New Mexico. To get cheap auto insurance in Albuquerque, we suggest you compare several of them to get the best price comparison.

Auto insurance is not optional in New Mexico

Despite the fact that auto insurance is not cheap in Albuquerque, insuring your vehicle serves several important purposes.

  • Most states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability coverage if you don't want to risk a ticket. In New Mexico 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 bought your Chevy with a loan, more than likely the lender will require you to buy insurance to protect their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Chevy at an extremely high rate and force you to pay for the expensive policy.
  • Insurance protects not only your Chevy Impala but also your financial assets. It also can pay for hospital and medical expenses incurred in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses in the event you are sued. If you have damage to your Chevy as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of having insurance outweigh the cost, especially for larger claims. Despite what companies tell you, the average driver overpays as much as $810 a year so compare quotes from several companies at every renewal to ensure rates are inline.

Rates and information analytics

The coverage information displayed next outlines estimates of coverage costs for Chevy Impala models. Understanding how policy rates are formulated can aid in making informed purchases.

Chevrolet Impala Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $208 $516 $364 $22 $108 $1,218 $102
Impala LS $208 $516 $364 $22 $108 $1,218 $102
Impala LT $238 $516 $364 $22 $108 $1,248 $104
Impala LT $238 $516 $364 $22 $108 $1,248 $104
Impala LTZ $238 $608 $364 $22 $108 $1,340 $112
Impala LTZ $238 $608 $364 $22 $108 $1,340 $112
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in specific zip code location which can affect rates greatly.

Physical damage deductible comparison

One of the hardest decisions when shopping for car insurance is which deductible level should you buy. The premium rates below may aid in understanding the price difference when you choose different policy deductibles. The first pricing table uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.

Chevrolet Impala insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $216 $420 $322 $20 $96 $1,099 $92
Impala LS $216 $420 $322 $20 $96 $1,099 $92
Impala LT $248 $420 $322 $20 $96 $1,131 $94
Impala LT $248 $420 $322 $20 $96 $1,131 $94
Impala LTZ $248 $494 $322 $20 $96 $1,205 $100
Impala LTZ $248 $494 $322 $20 $96 $1,205 $100
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Chevrolet Impala insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Impala LS $176 $338 $322 $20 $96 $952 $79
Impala LS $176 $338 $322 $20 $96 $952 $79
Impala LT $202 $338 $322 $20 $96 $978 $82
Impala LT $202 $338 $322 $20 $96 $978 $82
Impala LTZ $202 $398 $322 $20 $96 $1,038 $87
Impala LTZ $202 $398 $322 $20 $96 $1,038 $87
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can change auto insurance rates noticeably.

Based on the data above, we can derive that using a $250 deductible will cost you about $12 more each month or $144 each year than requesting the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at least 21 months between claims, you would probably come out ahead if you decide on a higher deductible.

Impact of speeding/accidents on Albuquerque car insurance rates

The example below shows how speeding tickets and at-fault accidents influence Chevy Impala yearly insurance costs for each different age group. The price estimates are based on a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

Males versus Females

The chart below illustrates the difference between Chevy Impala premium costs for male and female drivers. The premiums assume no accidents or driving violations, full physical damage coverage, $100 deductibles, single status, and no discounts are factored in.

Verify you're earning every discount

Auto insurance is expensive, but there may be some discounts that many consumers don't even know exist. A few discounts will be applied when you get a quote, but a few need to be specifically requested before they will apply. If you aren't receiving every discount available, you could be getting lower rates.Discount auto insurance

  • Active Military Service - Being deployed with a military unit could be rewarded with lower prices.
  • Discounts for Federal Employees - Active or former government employment could qualify for a slight premium decrease but check with your company.
  • Telematics Discount - People who choose to allow their insurance company to analyze driving patterns remotely such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they are good drivers.
  • Include Life Insurance and Save - Larger auto insurance companies have a small discount if you purchase a life policy as well.
  • Buy New and Save - Buying a new car instead of a used Impala is cheaper due to better safety requirements for newer models.
  • Driver Training Discounts - Taking a class that teaches driver safety techniques could earn you a small percentage discount depending on where you live.
  • Save with More Vehicles Insured - Having multiple cars or trucks with one company can reduce the rates for all insured vehicles.
  • Paperless Signup - A handful of companies will give a small break for signing up digitally online.
  • Seat Belts Save more than Lives - Buckling up and requiring all passengers to buckle up before driving can save a little off the medical payments premium.
  • Anti-lock Brake Discount - Cars with ABS braking systems or traction control are safer to drive and qualify for as much as a 10% discount.

Please keep in mind that some credits don't apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like medical payments or collision. Despite the appearance that adding up those discounts means a free policy, companies wouldn't make money that way. But all discounts will bring down your policy cost.

The example below illustrates the comparison of Chevy Impala auto insurance costs with and without discounts being applied to the rates. The rate quotes are based on a female driver, no claims or driving violations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, marriage, multi-car, and claim-free discounts applied.

A list of auto insurance companies and some of the discounts are outlined below.

  • GEICO policyholders can earn discounts including good student, membership and employees, anti-lock brakes, seat belt use, and air bags.
  • Travelers may offer discounts for new car, student away at school, multi-policy, IntelliDrive, early quote, payment discounts, and hybrid/electric vehicle.
  • Farm Bureau has savings for safe driver, multi-policy, 55 and retired, renewal discount, youthful driver, and good student.
  • Liberty Mutual may include discounts for newly married, hybrid vehicle, multi-policy, new vehicle discount, good student, and new move discount.
  • American Family offers premium reductions for bundled insurance, good student, Steer into Savings, early bird, mySafetyValet, defensive driver, and accident-free.
  • Progressive offers discounts including good student, multi-policy, online signing, multi-vehicle, homeowner, online quote discount, and continuous coverage.

Before buying, ask every prospective company what discounts are available to you. Some discounts might not be offered on policies in Albuquerque. If you would like to see a list of insurers who offer auto insurance discounts in Albuquerque, follow this link.