No one in their right mind rejoices having to buy auto insurance, especially when they know they could get a better deal.
Amazingly, 70% of consumers kept their policy with the same company for well over three years, and about 40% of consumers have never even shopped around for lower-cost coverage. Many drivers in Las Cruces could save almost 40% every year just by comparing rates, but most just don't grasp how much money they would save if they switched to a cheaper policy. Since you have so many auto insurance companies to choose from, it can be impossible to choose a more affordable insurance company.
It's smart to compare rates every six months because rates are adjusted regularly by insurance companies. If you had the lowest premium rates on Chevy Impala insurance in Las Cruces a couple years back the chances are good that you can find a lower price today. Block out anything you think you know about auto insurance because we're going to show you how to use online quotes to save on auto insurance.
Quoting cheaper car insurance coverage in Las Cruces is easy if you know what you're doing. If you're already insured or are looking for a new policy, use these money-saving tips to reduce the price you pay without reducing protection. Drivers just need to use the most time-saving way to compare company rates from many different companies online.
The following companies are ready to provide price quotes in New Mexico. If multiple companies are listed, we suggest you visit several of them in order to find the most competitive rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in specific location which can impact coverage prices substantially.
Gender differences in car insurance premiums
The chart below visualizes the comparison of Chevrolet Impala auto insurance costs for male and female drivers. The costs are based on no claims or driving violations, comp and collision included, $500 deductibles, single marital status, and no discounts are applied.
Does it make sense to buy full coverage?
The information below visualizes the comparison of Chevrolet Impala auto insurance rates when comparing full coverage to state minimum liability only. The rate quotes are based on no claims or driving violations, $250 deductibles, married female driver, and no discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no definitive rule that is best for determining when to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of the vehicle's replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let's say your Chevrolet Impala replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after paying your deductible. If you are paying in excess of $400 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some situations where eliminating full coverage is not recommended. If you haven't satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
These six discounts can lower your insurance rates
Some insurance providers don't list the complete list of policy discounts very well, so the list below details some of the more common as well as some of the hidden insurance savings.
- Las Cruces Homeowners Discount - Just owning your own home can save a few bucks since home ownership is proof that your finances are in order.
- Discount for Passive Restraints - Factory options such as air bags or motorized seat belts may get savings of up to 25% or more.
- Early Payment Discounts - By making one initial payment instead of making monthly payments you could save up to 5%.
- Bundled Policy Discount - If you combine your auto and homeowners policies with the same company you may save as much as 10 to 15 percent.
- Good Student Discount - Being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
- Student Discount for Driver Training - Cut your cost by having your teen driver enroll and complete driver's education if it's offered in school.
Discounts reduce rates, but you should keep in mind that most credits do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like comprehensive or collision. Even though the math looks like you can get free auto insurance, companies don't profit that way.
Companies that may offer policyholders these benefits possibly include:
Before buying, ask all the companies how many discounts you can get. Some of the earlier mentioned discounts may not apply to policyholders in every state. If you would like to choose from a list of companies who offer free Chevy Impala insurance quotes in Las Cruces, follow this link.
Why you need insurance
Even though Las Cruces Impala insurance rates can get expensive, paying for insurance may be required and benefits you in several ways.
First, just about all states have compulsory liability insurance requirements which means state laws require specific limits of liability coverage in order to drive the car legally. 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.
Second, if you took out a loan on your Chevy Impala, most banks will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totalled. If you do not keep the policy in force, the lender may insure your Chevy at a much higher premium rate and force you to pay the higher price.
Third, insurance preserves not only your car but also your assets. It will also pay for hospital and medical expenses incurred in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of an accident. 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 all costs to repair after the deductible has been paid.
The benefits of buying enough insurance definitely exceed the price paid, especially for larger claims. The average driver in America is overpaying more than $700 annually so you should quote and compare rates every year to make sure the price is not too high.
Different people need different auto insurance coverages
When it comes to buying the best auto insurance coverage, there is no perfect coverage plan. Your situation is unique.
For instance, these questions can help discover if you might need an agent's assistance.
- Am I better off with higher deductibles on my Chevy Impala?
- Am I covered when driving in Canada or Mexico?
- Is my son or daughter covered when driving my car?
- Is there coverage for my trailer?
- Is my cargo covered for damage or theft?
- Does my insurance cover a custom paint job?
- How do I insure my teen driver?
If you're not sure about those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form. It's fast, free and can provide invaluable advice.
Car insurance coverages for a Chevy Impala
Knowing the specifics of your policy can help you determine the right coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and coverage can change by endorsement.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Chevy Impala.
Because many people only purchase the least amount of liability that is required (25/50/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally these coverages are set the same as your liability limits.
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like vandalism, hitting a deer, hail damage, damage from a tornado or hurricane and hitting a bird. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.
Auto liability insurance
Liability coverage provides protection from damages or injuries you inflict on a person or their property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/10 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against things like medical services, structural damage, medical expenses and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford. New Mexico state law requires minimum liability limits of 25/50/10 but you should think about purchasing higher limits.
Medical expense insurance
Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as rehabilitation expenses, dental work and surgery. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible
Auto collision coverage
Collision insurance covers damage to your Impala resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as sideswiping another vehicle, colliding with a tree, scraping a guard rail, damaging your car on a curb and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It's also possible to bump up the deductible on your Impala in order to get cheaper collision rates.