Want the cheapest insurance rates for your Chevrolet Malibu? Tired of paying out the nose to pay your car insurance bill each month? You are no different than many other drivers. Many car insurance companies compete for your hard-earned dollar, so it’s not easy to compare every insurer to get the lowest rate
It’s important to take a look at other company’s rates on a regular basis since insurance rates are rarely the same from one policy term to another. Even if you got the best price for Malibu coverage two years ago you will most likely find a better rate today. You can find a lot of misleading information regarding insurance on the internet, so with this article, you’re going to get a bunch of ideas how to put money back in your pocket.
If you have insurance now or are looking for a new policy, you will benefit by learning to cut your premiums and possibly find even better coverage. Finding affordable coverage is not rocket science. Drivers only need an understanding of the most effective way to buy insurance on the web.
Finding a better price on car insurance can be quick and easy. Just invest a few minutes comparing rates online with multiple companies. This is very easy and can be done in several different ways.
Probably the best way to compare a lot of rates at once would be an industry-wide quote request form like this one (opens in new window). This easy form prevents you from having to do separate quotation requests for each company. A single, simple form will return price quotes direct from many companies.
A less efficient way to analyze rates consists of visiting the website of each company and fill out their own quote form. For examples sake, let’s assume you want to compare rates from USAA, Liberty Mutual and State Farm. You would have to go to every website and enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
Which method you use is up to you, but double check that you are using the exact same coverage limits and deductibles for each price quote. If each company quotes mixed coverages it will be impossible to find the best deal for your Chevy Malibu.
When choosing proper insurance coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that might point out whether you might need professional guidance.
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Knowing the specifics of your policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverages found on the average car insurance policy.
Collision coverage protection
This will pay to fix damage to your Malibu resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like hitting a mailbox, sustaining damage from a pot hole and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.
Liability coverage provides protection from damages or injuries you inflict on other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things such as funeral expenses, bail bonds, attorney fees, medical expenses and pain and suffering. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.
Comprehensive car insurance
This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as damage from a tornado or hurricane, a broken windshield, theft and vandalism. The highest amount 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 consider dropping full coverage.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as ambulance fees, funeral costs, X-ray expenses, rehabilitation expenses and pain medications. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Coverage for uninsured or underinsured drivers
This protects you and your vehicle’s occupants when other motorists 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.
Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Frequently the UM/UIM limits are similar to your liability insurance amounts.