View 2005 Chevrolet Malibu Insurance Cost

Looking for lower auto insurance rates for your Chevrolet Malibu? Are you confused by the dozens of auto insurance company choices? You’re not alone. There are so many options available that it can easily become a real challenge to find the best price.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using this information. The purpose of this article is to familiarize you with the best way to quote coverages and some money-saving tips. Nevertheless, drivers must understand the way insurance companies price insurance differently and use this information to your advantage.

Discounts can save BIG

Auto insurance companies don’t always list all their discounts very clearly, so the following is a list of both the well known and the harder-to-find savings tricks you should be using.

  • Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
  • Accident Waiver – Certain companies permit an accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.
  • Sign Online – A few companies may give you up to $50 just for signing your application online.
  • Distant Student – Any of your kids who are attending college and do not have a car can be insured at a reduced rate.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • Auto/Life Discount – Larger companies have a discount if you purchase life insurance.
  • Federal Employees – Simply working for the federal government can save as much as 8% for Malibu insurance depending on your company.
  • Fewer Miles Equal More Savings – Driving fewer miles can earn a substantially lower rate.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Some only reduce individual premiums such as comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, you’re out of luck.

A partial list of companies that possibly offer these benefits include:

Check with each insurance company what discounts are available to you. Some discounts may not be available in your area.

How to Get Auto Insurance

There are a lot of ways to compare auto insurance quotes, but there is one way that is more efficient than others. You could spend your day talking about coverages with local insurance agents in your area, or you could use online quotes to achieve your goal.

Most of the larger companies belong to a marketplace where prospective buyers send in one quote, and at least one company returns a competitive quote for coverage. This eliminates the need for quote forms to each company. To compare 2005 Chevy Malibu rates using this form now click here (opens in new window).

One minor caviat to comparing rates this way is you cannot specify the insurers you want to price. So if you want to select from a list of companies to request quotes from, we have assembled a list of companies who write auto insurance in your area. Click here to view list.

Which method you use is up to you, but double check that you are using identical information for each comparison quote. If you use different limits and deductibles on each one it will be next to impossible to truly determine the lowest rate. Having just a slight variation in coverages may cause a big price difference. Keep in mind that having more price comparisons will improve the odds of getting the best rates.

Will just any policy work for me?

When buying the right insurance coverage, there really is no perfect coverage plan. Each situation is unique.

Here are some questions about coverages that can help discover if you might need professional guidance.

  • Does my policy cover me when driving someone else’s vehicle?
  • Should I sign the liability waiver when renting a car?
  • What is an SR-22 filing?
  • I have a DUI can I still get coverage?
  • How high should deductibles be on a 2005 Chevy Malibu?
  • Will filing a claim cost me more?
  • Which is better, split liability limits or combined limits?
  • If my 2005 Chevy Malibu is totaled, can I afford another vehicle?
  • Am I covered when driving in Canada or Mexico?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form.

Auto insurance coverages

Learning about specific coverages of your insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Chevy Malibu.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for expenses for things like surgery, hospital visits, dental work, chiropractic care and EMT expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible

Liability insurance – Liability insurance will cover damage that occurs to other people or property. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has 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 limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for things like court costs, loss of income, attorney fees, funeral expenses and structural damage. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverages – Collision coverage will pay to fix damage to your Malibu from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sideswiping another vehicle, damaging your car on a curb, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Comprehensive insurance – Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as fire damage, hail damage, falling objects and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Shop smart and save

The cheapest 2005 Chevy Malibu insurance can be bought both online in addition to many insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies do not provide you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

Consumers change insurance companies for any number of reasons including policy cancellation, being labeled a high risk driver, high rates after DUI convictions and even delays in responding to claim requests. Regardless of your reason for switching companies, finding a great new company is pretty simple and you could end up saving a buck or two.

As you prepare to switch companies, it’s very important that you do not reduce coverage to reduce premium. In too many instances, someone sacrificed liability limits or collision coverage to discover at claim time that it was a big mistake. Your strategy should be to buy a smart amount of coverage for the lowest price while still protecting your assets.

Even more information is located at these sites: