Trying to find the cheapest insurance rates for your Chevrolet Malibu Hybrid? Are you sick and tired of not being able to afford each month for car insurance? You’re in the same situation as millions of other consumers. Insurance companies such as Allstate and Progressive continually bombard you with fancy advertisements and it can be hard to avoid their marketing magic and do the work needed to find the best deal.
Effectively comparing car insurance prices can take hours if you don’t know the easiest way. You can spend your afternoon driving to insurance agencies in your area, or you can stay home and use the internet to get prices fast.
Most of the larger companies are enrolled in a marketplace where prospective buyers submit one quote, and every company provides a quote. This eliminates the need for quote forms to each individual car insurance company.
To participate in this free quote system, click here (opens in new window).
The only drawback to doing it this way is buyers cannot specifically choose the companies to receive prices from. If you prefer to choose individual companies to receive pricing from, we have a listing of the cheapest car insurance companies in your area. Click here to view list.
However you get your quotes, ensure you are comparing identical coverage limits and deductibles for every quote you compare. If you use mixed coverages you can’t possibly truly determine the lowest rate.
When choosing proper insurance coverage, there is no “best” method to buy coverage. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that can aid in determining whether your personal situation could use an agent’s help.
If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.
Having a good grasp of insurance helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types offered by insurance companies.
Collision coverage protection
This coverage covers damage to your Malibu Hybrid from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as colliding with a tree, crashing into a ditch, scraping a guard rail, crashing into a building and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your 2008 Chevy Malibu Hybrid.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage kick in for bills like ambulance fees, dental work, hospital visits, funeral costs and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like hitting a bird, rock chips in glass, hitting a deer and hail damage. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Liability car insurance
This coverage can cover damages or injuries you inflict on a person or their property. This coverage protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.
Liability insurance covers things such as medical expenses, loss of income and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.