Compare Chevy Impala Insurance Rates in Nashville

It’s an obvious statement that insurance companies don’t want you comparing rates. Insureds who compare rates once a year will presumably switch to a new company because there are good odds of finding coverage at a more affordable price. A recent study showed that consumers who make a habit of shopping around saved as much as $860 a year compared to other drivers who never shopped around for cheaper prices.

If finding the best price on insurance in Nashville is your intention, then having a grasp of how to get price quotes and compare coverages can help you succeed in finding affordable rates.

The recommended way to get low-cost Chevy Impala insurance in Nashville is to do an annual price comparison from different companies who sell insurance in Tennessee.

• Step 1: Spend a few minutes and learn about individual coverages and the things you can change to keep rates in check. Many things that are responsible for high rates such as your driving record and a not-so-good credit rating can be rectified by making minor changes in your lifestyle.
• Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Allstate, while agents who are independent can give you price quotes from many different companies.
• Step 3: Compare the new rates to your existing rates to see if a cheaper price is available. If you can save money, make sure coverage does not lapse between policies.
• Step 4: Provide adequate notice to your current company of your decision to cancel your current coverage. Submit any necessary down payment along with the completed application to your new insurance company. As soon as you receive it, put the certificate of insurance along with your vehicle registration.

A crucial key to this process is that you’ll want to make sure you compare identical coverages on every quote and and to get price quotes from as many companies as possible. This ensures the most accurate price comparison and and a good selection of different prices.

The intent of this article is to familiarize you with how insurance works. If you have car insurance now, you will most likely be able to buy cheaper car insurance using this information. But Tennessee consumers do need to learn the methods companies use to market insurance on the web and use this information to your advantage.

When comparing auto insurance rates, know that comparing all the rates in your area increases the chance that you will find the best price.

The companies shown below are our best choices to provide free quotes in Tennessee. In order to find the best auto insurance in Tennessee, we recommend you get rate quotes from several of them to find the most competitive auto insurance rates.

Earn discounts on Nashville car insurance

Car insurance is neither fun to buy or cheap, but you might find some hidden discounts that you may not even be aware of. Some discounts apply automatically when you purchase, but lesser-known reductions have to be specially asked for before being credited.

• Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates than drivers with accident claims.
• Air Bags and Passive Restraints – Factory options such as air bags and/or automatic seat belt systems could see savings of more than 20%.
• Organization Discounts – Belonging to a professional or civic organization could qualify you for a break on your next renewal.
• Pay Early and Save – If you can afford to pay the entire bill rather than spreading payments over time you can avoid the installment charge.
• Mature Driver Discount – Drivers over the age of 55 can possibly qualify for lower premium rates.
• First Accident Forgiveness – Not really a discount, but a handful of insurance companies will turn a blind eye to one accident before your rates go up if you have no claims for a certain period of time.
• Telematics Data – People who choose to allow their car insurance company to look at driving patterns through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if their driving habits are good.
• Smart Student Discounts – Getting good grades could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
• Anti-lock Brake Discount – Vehicles with ABS and/or traction control are safer to drive and earn discounts up to 10%.
• Save with a New Car – Insuring a vehicle that is new can cost up to 25% less compared to insuring an older model.

Don’t be shocked that many deductions do not apply to all coverage premiums. Most only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like all the discounts add up to a free policy, you aren’t that lucky.

The example below illustrates the comparison of Chevy Impala insurance premiums with and without discounts applied to the premium. The data assumes a female driver, no claims or violations, Tennessee state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, homeowner, multi-policy, and safe-driver discounts applied.

A few of the larger companies and their offered discounts are:

• GEICO may have discounts that include good student, multi-vehicle, anti-lock brakes, membership and employees, federal employee, military active duty, and five-year accident-free.
• MetLife has savings for good driver, multi-policy, claim-free, good student, and defensive driver.
• Progressive may include discounts for good student, online quote discount, multi-vehicle, multi-policy, continuous coverage, homeowner, and online signing.
• Travelers may offer discounts for IntelliDrive, home ownership, new car, hybrid/electric vehicle, save driver, continuous insurance, and payment discounts.
• SAFECO offers premium reductions for homeowner, safe driver, multi-car, accident prevention training, teen safe driver, bundle discounts, and anti-lock brakes.
• AAA includes discounts for good student, pay-in-full, AAA membership discount, multi-car, anti-theft, and multi-policy.

It’s a good idea to ask every company the best way to save money. Some credits might not be offered on policies everywhere. To find insurers that offer multiple discounts in Tennessee, follow this link.

Detailed insurance information

The rate table shown next showcases a range of rate quotes for Chevy Impala models. Being able to understand how car insurance prices are determined can assist in making decisions when shopping around.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in specific location which can change auto insurance rates considerably.

Higher deductibles lower rates

One frequently asked question is how high should the physical damage coverage deductibles be. The data tables below can help you understand the premium difference when you choose different comp and collision deductibles. The first rate comparisons uses a $100 physical damage deductible and the second price table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in specific zip code location which can lower or raise insurance rates noticeably.

Based on this data, using a $100 deductible costs roughly $20 more each month or $240 annually than choosing the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you average at least 20 months between claim filings, you would save money if you choose a higher deductible. The table below illustrates the way you can decide this on your own policy.

Drive safe and save

The example below highlights how traffic violations and at-fault fender-benders impact Chevy Impala auto insurance costs for different age categories. The rates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.

Full coverage or liability only

The diagram below visualizes the comparison of Chevy Impala insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Tennessee. The rate quotes are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are factored in.

Should you pay for full coverage or liability only?

There is no set guideline for phasing out comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Chevy Impala claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after the policy deductible has been paid. If premium cost is more than $500 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where only buying liability is not financially feasible. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Compare rates but work with a local Nashville insurance agent

Many drivers prefer to visit with an insurance agent and that is a personal choice. One of the benefits of comparing rates online is that drivers can save money and get lower rates and still buy from a local agent. Putting coverage with neighborhood agents is especially important in Nashville.

For easy comparison, once you complete this short form, your insurance data is sent to insurance agents in Nashville who will give competitive quotes for your insurance coverage. You won’t even need to visit any agencies because prices are sent directly to your email. You can get cheaper car insurance rates without requiring a lot of work. If for some reason you want to compare rates from a specific company, don’t hesitate to jump over to their website and give them your coverage information.

Compare rates from both independent and exclusive auto insurance agents

If you need to find a reputable insurance agent or broker, it’s helpful to know the different types of agents and how they work. Car insurance agents in Nashville are considered either exclusive or independent.

Independent Car Insurance Agents (or Brokers)

These type of agents do not have single company limitations so they can quote policies with lots of companies and possibly get better coverage at lower prices. If they quote lower rates, they simply move the coverage in-house and you don’t have to find a new agent. If you need cheaper car insurance rates, you absolutely need to get insurance quotes from multiple independent agents for the best price selection.

The following are independent agents in Nashville who can help you get comparison quotes.

More Nashville agents

Exclusive Car Insurance Agencies

Agents of this type generally can only insure with one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot place coverage with different providers so they have no alternatives for high prices. Exclusive agencies are usually well trained on the products they sell which helps offset the inability to provide other markets.

Below are exclusive agencies in Nashville who can help you get price quotes.

More Nashville agents

Choosing an car insurance agent is decision based upon more than just the price. These questions are important to ask:

• How are they compensated?
• Do they feel the quoted coverages are adequate?
• Does the quote include credit and driving reports?
• Which companies do they recommend if they are an independent agency?
• What is their Better Business Bureau rating?
• Does the company have a solid financial rating?
• Is there a 24/7 contact number?

After you get good feedback to these questions and locked in a price quote, you may have found an auto insurance agent that can properly insure your vehicles.

Insurance coverage basics

Having a good grasp of your policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types available from insurance companies.

Auto liability – This coverage provides protection from damage that occurs to other people or property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/15 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $15,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for claims such as repair bills for other people’s vehicles, bail bonds, court costs and loss of income. How much liability coverage do you need? That is your choice, but buy higher limits if possible. Tennessee requires minimum liability limits of 25/50/15 but you should think about purchasing more coverage.

The chart below demonstrates why low liability limits may not provide adequate coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for expenses for things like prosthetic devices, EMT expenses, ambulance fees and X-ray expenses. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection from other drivers when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits (25/50/15), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage – Collision insurance pays for damage to your Impala resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like backing into a parked car, colliding with a tree, hitting a parking meter and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also bump up the deductible on your Impala to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision) – This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a broken windshield, falling objects, theft, hitting a deer and vandalism. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Frequent quotes can save

Budget-friendly insurance in Nashville can be found online as well as from independent agents in Nashville, and you need to price shop both in order to have the best chance of saving money. A few companies don’t offer online price quotes and these regional insurance providers only sell coverage through independent agencies.

As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. There are many occasions where someone dropped liability limits or collision coverage to discover at claim time they didn’t have enough coverage. The proper strategy is to purchase a proper amount of coverage at an affordable rate, but do not skimp to save money.

Much more information about insurance in Tennessee is located on the following sites:

• Rental Car Insurance Tips (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance for a Hyundai Elantra in Nashville? (FAQ)
• How Much are Car Insurance Rates for College Students in Nashville? (FAQ)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Liability Insurance Coverage (Nationwide)