How Much Does 1998 Chevrolet Malibu Insurance Cost?

Looking for cheaper auto insurance rates for your Chevrolet Malibu? Finding cheaper insurance for a Chevy Malibu can normally be a painful process, but you can follow a few tricks to find lower rates. There is a right way and a wrong way to shop for auto insurance and we’ll show you the proper way to quote coverages for a new or used Chevy and obtain the lowest price.

It’s a great practice to shop coverage around at least once a year because prices tend to go up over time. If you had the best deal for Malibu insurance two years ago there is a good chance you can find better rates now. So just block out anything you think you know about auto insurance because we’re going to show you the fastest way to save on auto insurance.

How to Lower Your Insurance Cost

Most major insurance companies allow you to get pricing directly from their websites. The process is fairly simple as you just enter the amount of coverage you want into a form. Once entered, their system automatically orders reports for credit and driving violations and gives you a price quote based on these and other factors.

Being able to quote online simplifies rate comparisons, but having to visit multiple sites and fill out multiple forms can get tiresome after awhile. Unfortunately, it is important to compare as many rates as possible if you want to find the lowest insurance rates.

Compare rates the easy way

A quicker way to compare insurance pricing uses one form that gets price quotes from a lot of companies. The form is fast, requires less work, and makes price shopping online much easier. After sending the form, it is quoted and you can select any of the pricing results. If the quotes result in lower rates, you can click and sign and buy the policy. The entire process takes 15 minutes at the most and may save quite a bit of money.

If you want to compare pricing, click here to open in a new tab and begin entering your coverage information. If you have coverage now, it’s recommended you duplicate your coverages identical to your current policy. This way, you will be getting an apples-to-apples comparison based on the exact same insurance coverage.

Discounts are available to cut your rates

Companies do not advertise every discount in a way that’s easy to find, so we researched both well-publicized as well as the least known auto insurance savings. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Defensive Driver – Taking part in a driver safety course could cut 5% off your bill depending on where you live.
  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% for Malibu insurance with a few auto insurance companies.
  • Homeowners Pay Less – Simply owning a home can save you money because owning a home is proof that your finances are in order.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more off your PIP or medical payments premium.

A little note about advertised discounts, some of the credits will not apply to the entire cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like you could get a free auto insurance policy, it just doesn’t work that way.

To see a list of providers offering auto insurance discounts, click this link.

Your Chevy Malibu insurance rate is a complex equation

Smart consumers have a good feel for some of the elements that go into determining the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay helps enable you to make changes that could result in big savings.

  • Where you live is a factor – Choosing to live in a rural area can be a good thing when buying auto insurance. Less people living in that area means fewer accidents. Drivers in populated areas tend to have much more traffic to deal with and a longer drive to work. Longer commute distances means higher likelihood of an accident.
  • Safer occupants lowers premiums – Safer cars are cheaper to insure. The safest vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If the Chevy Malibu earned at least four stars on you may qualify for a discount.
  • Teen drivers pay high rates – Mature drivers are more responsible, file fewer claims and receive fewer citations. Teenage drivers have a tendency to be less responsible in a vehicle and because of this, their auto insurance rates are much higher.
  • Men pay higher rates – The statistics show women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Men and women are in accidents at about the same rate, but the males cause more damage and cost insurance companies more money. They also have more aggressive citations such as reckless driving.
  • High credit ratings translate to low rates – Your credit score is a important factor in determining your rates. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores. Therefore, if your credit score is low, you could be paying less to insure your 1998 Chevrolet Malibu by spending a little time repairing your credit.
  • Do you work long hours in a high stress job? – Careers like real estate brokers, business owners and stock brokers have the highest rates attributed to stressful work requirements and lots of time spent at work. On the other hand, occupations such as actors, students and the unemployed get better rates for Malibu insurance.
  • How many coverages with the same company – Many insurance companies will award you with lower prices to people who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to compare rates to make sure you are getting the best deal. You may still find a better deal by splitting coverages up.
  • Car features impact rates – Owning a car that has an advanced theft prevention system can help lower your rates. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft.

Everyone needs different coverages

When it comes to buying coverage for your personal vehicles, there really is not a cookie cutter policy. Every situation is different.

For example, these questions could help you determine whether or not you would benefit from professional advice.

  • What happens if I owe more than my 1998 Chevy Malibu is worth?
  • When would I need additional glass coverage?
  • Can my teen drive my company car?
  • I don’t drive much so do I pay less?
  • Is my state a no-fault state?
  • Are rental cars covered under my policy?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Can you really save $472 a year?

Drivers can’t ignore all the ads that promise big savings by companies like GEICO, State Farm and Progressive. All the ads make an identical promise that you’ll save big after switching to them.

How can each company say the same thing?

Insurance companies are able to cherry pick for the right customer they prefer to insure. For instance, a preferred risk could be between the ages of 30 and 50, has no tickets, and has a short commute. A propective insured who matches those parameters gets the lowest rates and as a result will probably save when switching.

Consumers who don’t qualify for this ideal profile must pay more money which usually ends up with the driver buying from a lower-cost company. The ads say “customers who switch” not “everyone that quotes” save that kind of money. That is how companies can state the savings. This illustrates why you need to get as many comparisons as possible. It’s impossible to know the company that will have the lowest Chevy Malibu insurance rates.

Insurance coverage specifics

Understanding the coverages of your insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Medical expense insurance

Med pay and PIP coverage pay for immediate expenses for things like pain medications, doctor visits, funeral costs, prosthetic devices and dental work. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage

This coverage pays for damage to your Malibu from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as crashing into a ditch, driving through your garage door, sideswiping another vehicle, colliding with a tree and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like damage from flooding, a broken windshield and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1998 Chevy Malibu.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability insurance

Liability coverage protects you from damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as medical services, pain and suffering and funeral expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Get your money’s worth

You just learned many ways to get a better price on 1998 Chevy Malibu insurance. The key concept to understand is the more quotes you get, the higher the chance of saving money. Drivers may discover the biggest savings come from some of the smallest insurance companies.

As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced full coverage and learned later that it was a big error on their part. Your goal should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.

Lower-priced insurance can be found both online and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance providers do not offer online quoting and these small, regional companies work with independent agents.

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