Trying to find the cheapest car insurance rates for your Chevrolet Malibu? Have you had enough of trying to scrape together enough money to buy car insurance? You are no different than many other consumers.
You have multiple car insurance companies to pick from, and although it’s nice to be able to choose, too many choices makes it more difficult to compare rates and cut insurance costs.
There are several ways of comparing rates and find the best price. The easiest way by far to find competitive 2001 Chevy Malibu insurance rates is to use the internet to compare rates. This can be done in a couple of different ways.
For a list of links to companies insuring cars in your area, click here.
Which method you use is up to you, but make sure you use the exact same coverage limits and deductibles for each comparison quote. If you have unequal deductibles or liability limits it will be very difficult to find the best deal for your Chevy Malibu. Just a small difference in insurance coverages can result in a big premium difference. And when comparing auto insurance rates, know that more quotes provides better odds of finding the best price.
Insurance companies such as Allstate and Progressive continually stream ads on TV and radio. They all seem to say the same thing that you can save after switching your policy. How does each company make the same claim?
All companies are able to cherry pick for the type of customer that makes them money. A good example of a preferred risk might be profiled as over the age of 50, has no driving citations, and drives less than 10,000 miles a year. A propective insured who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.
Potential customers who are not a match for this ideal profile will have to pay higher prices which leads to business going elsewhere. The ad wording is “people who switch” not “everyone that quotes” save that much. This is how insurance companies can confidently make the claims of big savings. Because of the profiling, you need to get quotes from several different companies. It’s not possible to predict which insurance companies will fit your personal profile best.
Companies do not list all available discounts in a way that’s easy to find, so we break down both the well known and the more hidden discounts you could be receiving.
Consumers should know that most discounts do not apply to the entire cost. Most only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way.
For a list of insurers who offer auto insurance discounts, click here.
When buying the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if you might need an agent’s assistance.
If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Understanding the coverages of your auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the normal coverages available from auto insurance companies.
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as hitting a bird, falling objects, hail damage, vandalism and hitting a deer. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like hospital visits, funeral costs and pain medications. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay
This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as sustaining damage from a pot hole, rolling your car, hitting a mailbox, crashing into a ditch and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.
This coverage protects you from damage or injury you incur to people or other property. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.
Liability coverage protects against claims like legal defense fees, court costs and funeral expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Malibu.
Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
When you buy insurance online, do not buy less coverage just to save a little money. There are many occasions where someone dropped comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at the best price, not the least amount of coverage.
Throughout this article, we presented a lot of information how to lower your 2001 Chevy Malibu insurance rates. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the most savings is with an unexpected company. They may often insure only within specific states and give getter rates than their larger competitors like Allstate, GEICO and Progressive.
Additional insurance coverage information is located at these links: