Save on 2013 Chevrolet Malibu Car Insurance Cost

Trying to find cheaper insurance rates for your Chevrolet Malibu? No car owner likes paying for insurance, especially when they are aware that they could find better rates elsewhere.

Lots of car insurance companies contend for your business, and because of this it can be hard to compare car insurance companies to find the cheapest price

It’s a good habit to shop coverage around at least once a year because insurance prices trend upward over time. If you had the best quotes for Malibu insurance six months ago you can probably find a lower rate today. Block out anything you think you know about insurance because we’re going to show you the fastest way to reduce your cost while increasing coverage.

Buy insurance online

There are several ways to compare insurance prices and some are less labor-intensive and much quicker. You can spend countless hours driving to local insurance agents in your area, or you could save time and use the web to get pricing more quickly.

Most of the larger companies are enrolled in a marketplace where insurance shoppers send in one quote, and every company can provide price quotes based on that information. This system prevents you from having to do quote forms for each company you want a rate for.

To get comparison pricing now click here to start a free quote.

The single downside to getting quotes like this is buyers cannot specifically choose which carriers you will receive quotes from. So if you prefer to pick specific insurance companies to receive pricing from, we have a page of companies who write insurance in your area. Click here to view list.

It doesn’t matter which method you choose, just try to keep exactly the same coverage limits and deductibles with every price quote. If you are comparing higher or lower deductibles you will not be able to determine which rate is truly the best. Slightly different limits could skew the results. And when comparing insurance rates, know that comparing more rates from different companies helps locate lower pricing.

Discounts can really help lower rates

Companies offering auto insurance do not advertise every discount in a way that’s easy to find, so below is a list both well-publicized and the more hidden discounts that you may qualify for.

  • Student in College – College-age children who live away from home to go to college and don’t have a car may be insured at a cheaper rate.
  • More Vehicles More Savings – Drivers who insure multiple cars with the same company could earn a price break for each car.
  • ABS Braking Discount – Cars with ABS and/or traction control prevent accidents and qualify for as much as a 10% discount.
  • Sign Early and Save – A few insurance companies offer discounts for signing up before your current policy expires. You can save around 10% with this discount.
  • Paper-free Discount – Certain insurance companies may give you up to $50 for completing your application on the web.
  • Savings for New Vehicles – Buying auto insurance coverage on a new vehicle may earn a small discount because newer vehicles keep occupants safer.
  • Drivers Ed for Students – Teen drivers should enroll and complete driver’s education in school or through a local driver safety program.
  • Good Student – Getting good grades could provide a savings of up to 20% or more. Most companies allow this discount up to age 25.
  • Life Insurance – Some insurance carriers give lower auto insurancerates if you buy a life policy as well.
  • Employee of Federal Government – Active or retired federal employment may reduce rates when you quote auto insurance for Malibu insurance with certain companies.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think it’s possible to get free car insurance, it doesn’t quite work that way.

Larger auto insurance companies and some of the discounts are:

  • State Farm has discounts for passive restraint, multiple autos, good student, driver’s education, and anti-theft.
  • Liberty Mutual may offer discounts for new graduate, multi-policy, multi-car, hybrid vehicle, and newly retired.
  • American Family offers premium reductions for air bags, multi-vehicle, accident-free, mySafetyValet, and early bird.
  • Progressive policyholders can earn discounts including online signing, multi-policy, good student, online quote discount, and homeowner.
  • Farmers Insurance includes discounts for business and professional, good student, teen driver, multi-car, switch companies, and homeowner.
  • Auto-Owners Insurance offers discounts for paperless, teen driver, air bags, student away at school, company car, safe driver, and anti-lock brakes.
  • SAFECO may have discounts that include anti-theft, safe driver, drive less, multi-car, and homeowner.

Check with each company or agent how you can save money. Discounts might not be available to policyholders in your state. If you would like to see a list of insurers that can offer you the previously mentioned discounts, click here.

Why smart consumers pay less for Chevy Malibu insurance

Smart consumers have a good feel for some of the factors that come into play when calculating the level of your policy premiums. If you know what determines base rates, this allows you to make good choices that can earn you big savings. Lots of factors are used when quoting car insurance. Some factors are common sense such as traffic violations, but others are more obscure like where you live or your financial responsibility.

The items below are a few of the things used by companies to determine rates.

  • Cheaper rates with high physical damage deductibles – Insurance for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Chevy. A few examples of covered claims are a broken side mirror, hail damage, and damage caused by flying debris. Your deductibles are the amount of money you are willing to pay if you file a covered claim. The larger the amount you pay before a claim is paid (deductible), the less money you will pay for auto insurance for Malibu insurance.
  • Buy a safe car and pay less – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles reduce occupant injuries and any reduction in injury severity means less claims paid which can result in lower premiums. If your Chevy has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • Defend yourself with liability insurance – The liability section of your policy will afford coverage when a court rules you are at fault for personal injury or accident damage. Liability insurance provides legal defense up to the limits shown on your policy. This coverage is relatively inexpensive compared to physical damage coverage, so do not skimp.
  • Cheaper rates for prior coverage – Not having insurance can get you a ticket and auto insurance companies will penalize you for letting your insurance coverage expire. And not only will insurance be more expensive, getting caught without coverage may earn you a revoked license or a big fine.
  • Infrequent drivers can save – The more miles you rack up on your Chevy in a year’s time the higher your rates will be. A lot of insurance companies apply a rate based upon how much you drive. Cars left parked in the garage can get a lower rate than cars that get driven a lot. It’s a smart idea to ensure your policy shows how each vehicle is driven. Improper usage on your Malibu may be costing you.
  • Single drivers may get higher costs – Your spouse may earn you lower rates on your auto insurance bill. Having a spouse may mean you are less irresponsible and statistics show married drivers tend to have fewer serious accidents.
  • Extra coverages are wasting money – There are quite a few extra coverages that sound like a good idea at the time when buying auto insurance. Coverages for replacement cost coverage, better glass coverage, and Farm Bureau memberships may be costing you every month. They may seem good when buying your policy, but now you might not need them so think about removing them and cutting costs.

Will just any policy work for me?

When it comes to choosing adequate coverage for your personal vehicles, there really is no single plan that fits everyone. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions might point out if you might need an agent’s assistance.

  • What is medical payments coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Where can I find high-risk insurance?
  • Am I covered if I hit my neighbor’s mailbox?
  • Am I covered when driving on a suspended license?
  • Can I make deliveries for my home business?

If it’s difficult to answer those questions, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area.

Why you might not save $391 a year

Allstate and Progressive endlessly run ads on TV and radio. They all seem to seem to make the promise that you’ll save big if you switch your insurance coverage coverage to their company. How do they all cost less than your current company? This is the trick they use.

Many companies have specific criteria for the right customer that earns them the highest profit. For instance, a profitable risk profile might have to be between the ages of 30 and 50, is a homeowner, and does not commute to work. A customer who meets those qualifications receive the lowest rate quotes and will probably save if they switch.

People who fall outside the “perfect” profile will probably be forced to pay more expensive rates which translates to business going elsewhere. The wording the ads use say “drivers who switch” but not “all drivers who get quotes” can save as much as they claim. This is how companies can truthfully make claims that they all have the best rates.

This really drives home the point why you really should get a wide range of price quotes. Because you never know which company will have the best prices for your profile.

Auto insurance coverage information

Understanding the coverages of your car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be confusing and coverage can change by endorsement. Shown next are typical coverage types found on most car insurance policies.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like ambulance fees, chiropractic care, EMT expenses and rehabilitation expenses. They can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Chevy Malibu.

Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these limits are set the same as your liablity limits.

Comprehensive protection

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

Comprehensive coverage pays for things like damage from flooding, hail damage, damage from a tornado or hurricane, falling objects and theft. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability

This coverage protects you from damage that occurs to other’s property or people in an accident. This insurance protects YOU from claims by other people. It does not 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 values of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims like bail bonds, attorney fees, medical expenses, medical services and court costs. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a mailbox, sideswiping another vehicle, crashing into a ditch, crashing into a building and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Affordable insurance is out there

More affordable insurance can be purchased from both online companies in addition to many insurance agents, so you need to quote auto insurance with both so you have a total pricing picture. Some companies do not offer price quotes online and usually these regional carriers work with independent insurance agents.

You just read some good ideas how you can get a better price on 2013 Chevy Malibu insurance. The most important thing to understand is the more quotes you get, the higher your chance of finding cheap auto insurance. You may be surprised to find that the lowest priced insurance comes from some of the lesser-known companies. These smaller insurers often have lower car insurance rates on specific markets than their larger competitors like Allstate and Progressive.

More detailed insurance information can be found at these sites: