2004 Chevrolet Malibu Insurance Rates

Trying to find cheaper insurance for a new or used Chevy Malibu can be a painful process, but you can learn a few tricks to save time. There are both good and bad ways to buy insurance coverage and you need to know the quickest way to quote coverages for a new or used Chevy and locate the lowest possible price either online or from local insurance agents.

You should take the time to compare prices before your policy renews because rates are variable and change quite frequently. Even if you think you had the best rates for Malibu coverage last year other companies may now be cheaper. So just forget all the misinformation about insurance coverage because it’s time to teach you the fastest and easiest way to find better rates and still maintain coverage.

Buying car insurance is quite easy. If you have a policy now or are looking for a new policy, you can use these techniques to find better prices while maximizing coverage. Drivers just need to know the proper way to shop for car insurance online.

Vehicle Insurance Comparison

Shopping for lower auto insurance rates can be a daunting task if you don’t know the most efficient way. You can waste hours talking about coverages with agents in your area, or you could save time and use the web for quick rates.

The majority of car insurance companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and each company can provide price quotes based on the submitted data. This eliminates the need for form submissions to each individual auto insurance company.

To participate in this free quote system, click to open in new window.

One minor caviat to getting quotes like this is you don’t know exactly which providers you want to price. So if you want to select specific providers to compare prices, we have assembled a list of companies who write auto insurance in your area. View list of insurance companies.

It’s up to you which method you use, but make darn sure you compare identical deductibles and coverage limits with each company. If the quotes have differing limits it will be very difficult to determine the best price for your Chevy Malibu.

Discounts on Chevy Malibu insurance

Companies that sell car insurance do not list all available discounts very well, so we break down some of the more common and the more hidden ways to save on insurance. If you don’t get every credit you qualify for, you are throwing money away.

  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Accident Waiver – Certain companies permit an accident before your rates go up if your claims history is clear for a certain period of time.
  • Good Student – This discount can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Accident Free – Good drivers with no accidents pay much less when compared to frequent claim filers.
  • Bundle and Save – When you have multiple policies with one insurance company you may save 10% to 20% off each policy.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Chevy could be rewarded with better rates on cars that stay parked.

Keep in mind that some credits don’t apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like comp or med pay. Just because it seems like adding up those discounts means a free policy, it doesn’t quite work that way.

A partial list of companies who might offer some of the above discounts include:

It’s a good idea to ask each insurance company how you can save money. Savings might not be offered in your state.

Chevy Malibu rates are in the details

It’s important that you understand some of the elements that go into determining the price you pay for insurance coverage. Understanding what impacts premium levels helps enable you to make changes that may reward you with better insurance coverage rates.

  • Higher safety ratings means cheaper insurance – Vehicles with high crash test scores are cheaper to insure. Safer cars result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates. If your Chevy earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Your job and insurance rates – Did you know your job can affect your rates? Careers like real estate brokers, executives and financial analysts are shown to have higher average rates in part from high stress levels and long work hours. Conversely, occupations such as scientists, engineers and homemakers pay the least for Malibu coverage.
  • A clean driving record saves money – Your driving record has a huge affect on how much you pay. Drivers with clean records have lower premiums than their less careful counterparts. Even a single ticket may increase your cost by twenty percent. Drivers who get dangerous violations such as hit and run, DWI or reckless driving convictions may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent a license revocation.
  • The more you drive the more you pay – The more you drive in a year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based on how the vehicle is used. Cars not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Ask your agent if your insurance coverage policy properly reflects the correct driver usage, because it can save money. Incorrect usage on your Malibu can cost quite a bit.
  • Where you live is a factor – Residing in a small town is a positive aspect when insuring your vehicles. Drivers in populated areas regularly have more traffic problems and a longer drive to work. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.
  • Discounts for married couples – Having a spouse helps lower the price on insurance coverage. Having a significant other means you’re more mature and it’s proven that married drivers get in fewer accidents.
  • Lower rates with optional equipment – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping auto theft.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that may help you determine if you will benefit from professional help.

  • Should I have combined single limit or split liability limits?
  • Am I covered when driving a rental car?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is motorclub coverage worth it?
  • Why am I required to get a high-risk car insurance policy?
  • How do I insure my teen driver?
  • Is my teen driver covered when they drive my company car?
  • Does coverage extend to Mexico or Canada?

If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

Don’t be fooled by advertising claims

Consumers get pounded daily by advertisements for car insurance savings from the likes of State Farm, Allstate and GEICO. They all seem to make an identical promise that you’ll save big after switching your coverage to them.

How does each company claim to save you money? It’s all in the numbers.

Different companies are able to cherry pick for the driver they prefer to insure. A good example of a profitable customer might be profiled as between 25 and 40, has no tickets, and chooses high deductibles. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and as a result will probably cut their rates substantially.

Consumers who do not match the “perfect” profile will have to pay higher rates which usually ends up with the driver buying from a lower-cost company. The ads say “customers who switch” but not “drivers who get quotes” save that kind of money. That is how companies can truthfully state the savings. Because of the profiling, you should get quotes from several different companies. It’s just too difficult to predict the company that will have the lowest Chevy Malibu insurance rates.

Car insurance coverage information

Knowing the specifics of your policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Chevy Malibu.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses like hospital visits, EMT expenses, doctor visits, rehabilitation expenses and prosthetic devices. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

This covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, hitting a bird and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability auto insurance

Liability insurance will cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like court costs, loss of income and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy as much as you can afford.

Collision protection

Collision coverage pays for damage to your Malibu resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like driving through your garage door, sideswiping another vehicle and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage on a shoestring budget

While you’re price shopping online, do not buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped uninsured motorist or liability limits to discover at claim time that it was a big mistake. The aim is to purchase a proper amount of coverage at an affordable rate.

Lower-priced 2004 Chevy Malibu insurance is definitely available both online and with local insurance agents, and you should be comparing both to have the best selection. Some insurance companies do not offer the ability to get a quote online and these smaller companies work with independent agents.

Insureds leave their current company for many reasons like high prices, extreme rates for teen drivers, lack of trust in their agent or high rates after DUI convictions. It doesn’t matter what your reason, finding the right insurance coverage provider is easier than you think.

Additional information is available at the links below