How Much Does 2013 Chevrolet Malibu Car Insurance Cost?

Consumers have many options when looking for the best price on Chevy Malibu insurance. You can either waste hours driving around to compare prices or utilize the internet to find the lowest rates.

There are both good and bad ways to compare auto insurance rates so you’re going to learn the absolute fastest way to compare rates for your Chevy and obtain the cheapest rates either online or from local insurance agents.

You should take the time to compare prices yearly due to the fact that insurance rates trend upward over time. Even if you got the best rates on Malibu insurance a year ago there is a good chance you can find better rates now. Forget all the misinformation about auto insurance because I’m going to let you in on the secrets to how to use online quotes to get good coverage at a lower rate.

If you have insurance now or are just looking to switch companies, you can use this information to find the best rates while maximizing coverage. This article will familiarize you with how to effectively get price quotes and some money-saving tips. Vehicle owners just need to learn how to find the lowest price online.

More discounts equal less premium

Insurance can be prohibitively expensive, but you may find discounts to reduce the price significantly. Certain discounts will be applied when you complete an application, but a few need to be manually applied prior to receiving the credit. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Passive Restraint Discount – Factory air bags or motorized seat belts can receive discounts of 20% or more.
  • Memberships – Participating in a qualifying organization could trigger savings on car insurance on Malibu insurance.
  • Federal Employees – Employees or retirees of the government could cut as much as 10% off on Malibu insurance depending on your company.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • College Student – Any of your kids who live away from home and don’t have a car can be insured at a reduced rate.
  • Life Insurance Discount – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • E-sign – Some insurance companies will give a small break for buying your policy on their website.

A little note about advertised discounts, some of the credits will not apply to the entire policy premium. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, companies wouldn’t make money that way. Any qualifying discounts will bring down your overall premium however.

For a list of companies with discount car insurance rates, click here to view.

Insurance Prices

Most companies quote coverage prices on the web. This process is pretty easy as you just enter your coverage information as requested by the quote form. Upon sending the form, their rating system automatically retrieves reports for credit and driving violations and generates pricing information based on many factors.

Online price quotes streamlines rate comparisons, but the time it takes to visit different websites and fill out multiple forms is monotonous and tiresome. Unfortunately, it is important to get many rate quotes if you want to find lower prices.

A quicker way to find cheaper rates makes use of a single form to return rates from multiple companies. This type of form saves time, eliminates repetitive work, and makes price shopping online much more efficient. After sending the form, it is quoted and you are able to buy any one of the quotes returned.

If the quotes result in lower rates, it’s easy to complete the application and buy the new coverage. The entire process takes 15 minutes at the most and you’ll know if lower rates are available.

If you want to find out if lower rates are available, click here and submit your coverage information. If you have a policy now, it’s recommended you replicate the coverages identical to your current policy. This helps ensure you will have rate quotes for the exact same coverage.

What determines your Chevy Malibu insurance premium

It’s important that you understand some of the elements that play a part in calculating your car insurance rates. Knowing what determines base rates helps enable you to make changes that may reward you with lower car insurance prices.

Shown below are some of the items that factor into rates.

  • Your stress level may be raising your rates – Did you know your occupation can influence how much you pay for car insurance? Occupations such as lawyers, architects and financial analysts are shown to have higher average rates attributed to high stress levels and long work days. Conversely, occupations like pilots, engineers and performers pay the least on Malibu insurance.
  • Do you qualify for a multi-policy discount? – The majority of insurance companies provide better rates to insureds who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to compare rates to make sure you are getting the best deal.
  • Never let your coverage lapse – Not having insurance is illegal and you will pay a penalty because you let your insurance expire. And not only will your rates increase, failure to provide proof of insurance will get you a revoked license or a big fine.You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • The more you drive the more you pay – The more miles you rack up on your Chevy each year the more you will pay for car insurance. Most companies price each vehicle’s coverage based upon how you use the vehicle. Autos used primarily for pleasure use qualify for better rates compared to those used for work or business. Improper usage on your Malibu can cost quite a bit. Double check that your car insurance policy shows how each vehicle is driven.

It’s not one size fits all

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Every insured’s situation is different.

For example, these questions may help highlight if you would benefit from professional advice.

  • How can I force my company to pay a claim?
  • Why am I required to get a high-risk car insurance policy?
  • Am I covered if I hit my neighbor’s mailbox?
  • How much liability do I need to cover my assets?
  • What should my uninsured motorist coverage limits be in my state?
  • Does coverage extend to Mexico or Canada?
  • Is a fancy paint job covered?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It only takes a few minutes and may give you better protection.

Misconceptions in auto insurance advertisements

Drivers can’t ignore all the ads for car insurance savings by companies like Allstate, GEICO and Progressive. All the companies have a common claim that you’ll save big if you switch to them.

How do they all say the same thing?

All the different companies have a certain “appetite” for the driver that earns them a profit. For instance, a preferred risk could possibly be over the age of 40, owns a home, and has a high credit rating. Any driver who matches those parameters will get the preferred rates and is almost guaranteed to save when switching.

Drivers who don’t meet these standards will have to pay a more expensive rate which usually ends up with business going elsewhere. The ads state “customers that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently make those claims.

Because of the profiling, you absolutely need to compare many company’s rates. It’s not possible to predict the company that will give you the biggest savings on Chevy Malibu insurance.

Insurance policy specifics

Understanding the coverages of your insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Liability coverage

Liability insurance can cover damage or injury you incur to people or other property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like attorney fees, funeral expenses and medical expenses. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Comprehensive coverages

Comprehensive insurance covers 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 claims such as hitting a deer, a tree branch falling on your vehicle, hitting a bird and damage from getting keyed. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for bills such as funeral costs, dental work, EMT expenses and doctor visits. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision coverage protection

Collision insurance covers damage to your Malibu resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as sideswiping another vehicle, hitting a mailbox, crashing into a building, colliding with another moving vehicle and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Chevy Malibu.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Be a Smart Shopper

We just covered some good ideas how to save on 2013 Chevy Malibu insurance. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Drivers may discover the lowest premiums are with the smaller companies.

Cost effective insurance can be found from both online companies as well as from independent agents, so compare prices from both to have the best rate selection. Some insurance providers don’t offer online quoting and most of the time these small insurance companies sell through independent agents.

When shopping online for insurance coverage, make sure you don’t buy poor coverage just to save money. In many instances, an accident victim reduced collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at the best price, not the least amount of coverage.

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