Compare 2010 Chevrolet Malibu Car Insurance Quotes

Are you sick and tired of not being able to afford to pay insurance each month? You are no different than many other drivers.

With people having so many online and local companies to choose from, it is very difficult to choose the lowest price insurer.

It’s a great practice to compare prices once or twice a year because insurance prices change regularly. Even if you think you had the best price for Malibu coverage a year ago you will most likely find a better rate today. Ignore everything you know about insurance because I’m going to teach you the best way to lower your annual insurance bill.

The purpose of this article is to familiarize you with how to get online quotes and some money-saving tips. If you are paying for car insurance now, you should be able to save some money using these techniques. Although car owners can benefit from knowing how companies compete online and use this information to your advantage.

Lower your insurance rates

Consumers need to have an understanding of the rating factors that aid in calculating your premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that can earn you cheaper rates. Multiple criteria are used when quoting car insurance. Some of the criteria are obvious like an MVR report, but others are not quite as obvious like your vehicle usage and annual miles driven.

The following are some of the major factors used by companies to determine your rate level.

  • Lower rates by increasing coverage deductibles – Protection for physical damage, termed comprehensive and collision coverage on your policy, protects your Chevy from damage. Some instances where coverage would apply are running into the backend of another car, hitting a deer, and having your car stolen. Deductibles for physical damage tell how much you are required to pay in the event of a claim. The more money you choose to pay out-of-pocket, the less your auto insurance will be for Malibu coverage.
  • Marriage discount – Walking down the aisle may cut your premiums on auto insurance. Having a significant other means you’re more stable financially and statistics show being married results in fewer claims.
  • Men drivers tend to cost more – Statistics show women are more cautious behind the wheel. This data doesn’t prove that females are better drivers. Both sexes cause fender benders at about the same rate, but males cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations like DWI (DUI) or reckless driving.
  • Big city or small town – Living in smaller towns and rural areas of the country has definite advantages when it comes to auto insurance. People who live in big cities have more auto accidents and higher rates of accident claims. Lower population corresponds to lower accident rates.

Are you receiving every discount?

Car insurance companies do not list every possible discount very well, so the list below details a few of the more well known and also the more inconspicuous discounts that you can inquire about if you buy auto insurance online.

  • Safety Restraint Discount – Drivers who require all vehicle occupants to use their safety belts could cut 10% or more off the personal injury premium cost.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • No Claims – Good drivers with no accidents are rewarded with significantly better rates on auto insurance quote in comparison with insureds who have frequent claims or accidents.
  • College Student Discount – College-age children who are enrolled in higher education away from home and do not have a car could get you a discount.
  • Pay Now and Pay Less – By paying your policy upfront rather than paying in monthly installments you may have a lower total premium amount.
  • Discounts for Government Workers – Active or former government employment could cut as much as 10% off for Malibu coverage but check with your company.
  • Passive Restraints and Air Bags – Cars that have air bags could see savings of 20% or more.

A quick disclaimer, most credits do not apply to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. So when it seems like you could get a free auto insurance policy, it’s just not the way it works.

Popular auto insurance companies and some of the discounts are included below.

  • State Farm may have discounts that include defensive driving training, accident-free, good driver, multiple policy, Drive Safe & Save, and passive restraint.
  • Progressive may include discounts for multi-vehicle, homeowner, good student, online quote discount, continuous coverage, multi-policy, and online signing.
  • Travelers offers premium reductions for home ownership, IntelliDrive, multi-policy, hybrid/electric vehicle, and driver training.
  • American Family discounts include Steer into Savings, multi-vehicle, accident-free, early bird, bundled insurance, defensive driver, and mySafetyValet.
  • Liberty Mutual has discounts for new vehicle discount, newly married, preferred payment discount, hybrid vehicle, good student, newly retired, and safety features.

If you want the cheapest auto insurance quotes, ask all the companies what discounts are available to you. Some of the discounts discussed earlier may not apply to policyholders everywhere. For a list of insurers with the best discounts, follow this link.

Do you really save 40% when you switch?

Big name companies like GEICO, State Farm and Progressive regularly use television and radio advertisements. They all have a common claim that drivers will save a bundle just by switching your insurance coverage policy to them. How does every company claim to save you money? It’s all in the words they use.

Most companies require specific criteria for the type of insured that earns them the highest profit. For instance, this type of risk profile might have to be over the age of 35, has never had a claim, and the vehicle is rated for pleasure use. Any new insured who matches those parameters will get very good prices and will most likely cut their rates substantially.

Consumers who are not a match for those criteria will probably be forced to pay a higher premium which translates to the customer buying from a different company. If you listen closely, the ads state “people who switch” not “all people who quote” can get the lowest rates when switching. This is how companies can truthfully advertise the savings.

Each company has different criteria, so drivers should compare free auto insurance quotes often. It is impossible to predict with any certainty which company will have the best rates at this point in time.

When in doubt talk to an agent

When choosing the right insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. These are some specific questions can help discover whether you might need professional guidance.

  • Is my teenager covered with friends in the car?
  • Do I have newly-aquired coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • Are rock chip repairs covered?
  • Are rental cars covered under my policy?
  • What if I owe more than I can insure my car for?
  • Am I covered when using my vehicle for business?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Specifics of your car insurance policy

Having a good grasp of car insurance aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find the normal coverages offered by car insurance companies.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your Chevy Malibu.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits are similar to your liability insurance amounts.

Liability

Liability insurance protects you from damage or injury you incur to people or other property by causing an accident. It protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims like attorney fees, bail bonds and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Medical expense insurance

Med pay and PIP coverage provide coverage for expenses for things like surgery, dental work and prosthetic devices. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

This pays for 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 coverage pays for claims such as rock chips in glass, hail damage, damage from getting keyed and falling objects. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto collision coverage

This pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as hitting a mailbox, colliding with another moving vehicle, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Compare but don’t skimp

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. There have been many cases where an insured cut collision coverage only to discover later that it was a big mistake. Your aim should be to buy the best coverage you can find at the best possible price but still have enough coverage for asset protection.

Throughout this article, we presented quite a bit of information on how to shop for 2010 Chevy Malibu insurance online. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the lowest premium rates are with the least-expected company. Regional companies can often provide lower prices in certain areas than the large multi-state companies such as Allstate or State Farm.

Lower-priced auto insurance can be bought on the web in addition to many insurance agents, so you need to quote auto insurance with both to get a complete price analysis. Some companies may not offer rate quotes online and most of the time these smaller companies sell through independent agents.

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