2001 Chevrolet Malibu Insurance Quotes – 8 Savings Tips

Looking for cheaper car insurance rates for your Chevrolet Malibu? I really doubt anyone is fond of buying car insurance, especially when they are paying too much.

Numerous insurers battle for your hard-earned dollar, so it’s not easy to compare every insurer and uncover the absolute lowest rate possible.

If you have car insurance now, you will be able to lower your premiums substantially using these techniques. Finding affordable coverage is easy if you know what you’re doing. Nevertheless, car owners must comprehend how companies sell insurance online because it can help you find the best coverage.

The method we recommend to compare rates takes advantage of the fact all the major auto insurance companies participate in a system to give free rates quotes. To start a quote, the only thing you need to do is provide a little information like whether your vehicle is owned or leased, your general credit rating, how much you drive, and whether the vehicles are used for commuting. The rating information is sent automatically to many highly-rated insurers and they provide comparison quotes with very little delay.

To compare rates now, click here and enter your coverage details.

These eight discounts can cut auto insurance rates

Not many people think insurance is cheap, but you may qualify for discounts that can drop the cost substantially. Some discounts will apply at the time of purchase, but some may not be applied and must be inquired about prior to receiving the credit.

  • Life Insurance Discount – Select auto insurance companies reward you with better premium rates if you take out a life insurance policy as well.
  • Buy New and Save – Insuring a vehicle that is new can save up to 30% because new model year vehicles have to meet stringent safety requirements.
  • Discount for Swiching Early – Some companies provide a discount for switching policies before your current policy expires. It’s a savings of about 10%.
  • Low Mileage Discounts – Driving less can qualify you for discounted auto insurancerates on garaged vehicles.
  • Bundle and Save – If you combine your auto and homeowners policies and insure them both with the same insurance company they may give you a discount of up to 20% off your total premium.
  • Paper-free Discount – A few companies will discount your bill up to fifty bucks shop insurance coverage online.
  • Discounts for Good Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for Malibu coverage compared to rates paid by drivers with frequent claims.
  • Home Ownership Discount – Owning a house may trigger a policy discount on auto insurance since owning and maintaining a home is proof that your finances are in order.

We need to note that most credits do not apply to the entire cost. Most only cut the cost of specific coverages such as collision or personal injury protection. Just because you may think you could get a free auto insurance policy, insurance companies wouldn’t stay in business. Any amount of discount should help lower the amount you have to pay.

A list of companies and a selection of discounts can be read below.

  • Progressive may offer discounts for good student, online quote discount, multi-policy, continuous coverage, multi-vehicle, online signing, and homeowner.
  • Farmers Insurance may have discounts that include electronic funds transfer, mature driver, bundle discounts, youthful driver, alternative fuel, homeowner, and teen driver.
  • Farm Bureau offers discounts for safe driver, driver training, multi-policy, multi-vehicle, and youthful driver.
  • State Farm has discounts for good driver, multiple policy, passive restraint, defensive driving training, and multiple autos.
  • GEICO offers discounts including daytime running lights, anti-lock brakes, multi-policy, military active duty, defensive driver, and membership and employees.
  • SAFECO may include discounts for bundle discounts, teen safety rewards, anti-lock brakes, anti-theft, accident prevention training, and homeowner.
  • Liberty Mutual has savings for preferred payment discount, safety features, exclusive group savings, hybrid vehicle, multi-policy, and multi-car.

When quoting, ask each company or agent the best way to save money. Some discounts might not be offered on policies in every state. To see companies who offer discounts, click here to view.

When do I need an agent’s advice?

When buying adequate coverage, there is no single plan that fits everyone. Every situation is different so your insurance should reflect that For instance, these questions can aid in determining whether your personal situation might need an agent’s assistance.

  • How do I file an SR-22 for a DUI in my state?
  • When should I not file a claim?
  • How can I find cheaper teen driver insurance?
  • Am I covered when driving a rental car?
  • Where can I find high-risk insurance?
  • How high should deductibles be on a 2001 Chevy Malibu?
  • Does coverage extend to my business vehicle?
  • Is a blown tire covered by insurance?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Auto insurance 101

Learning about specific coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on most insurance policies.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for expenses for things like dental work, nursing services and funeral costs. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as backing into a parked car, hitting a mailbox, sustaining damage from a pot hole, damaging your car on a curb and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Malibu.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Usually these coverages do not exceed the liability coverage limits.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as damage from flooding, hail damage and damage from getting keyed. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability insurance

This coverage protects you from damage that occurs to people or other property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims like medical services, loss of income, bail bonds, structural damage and funeral expenses. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Final thoughts

We just showed you a lot of ways to lower your 2001 Chevy Malibu insurance rates. The key thing to remember is the more companies you get car insurance rates for, the better likelihood of getting low cost insurance coverage. Consumers may even find the best rates are with an unexpected company. These companies may only write in your state and offer lower car insurance rates than their larger competitors like Progressive or GEICO.

When you buy insurance coverage online, you should never reduce coverage to reduce premium. In many instances, an insured dropped comprehensive coverage or liability limits and discovered at claim time that it was a big error on their part. Your goal should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.

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