Cheap 2015 Chevrolet Malibu Insurance Cost

Trying to find cheaper insurance coverage rates? Buyers have a choice when searching for the best price on Chevy Malibu insurance. You can either waste hours calling around trying to get quotes or use the internet to compare rates.

There are both good and bad ways to shop for insurance coverage so we’re going to tell you the proper way to quote coverages on a Chevy and find the cheapest rates either online or from local insurance agents.

Compare the Market for Insurance

There are a variety of methods you can shop for 2015 Chevy Malibu insurance but one way is more efficient than others. You can spend countless hours talking about coverages with insurance agencies in your area, or you could use online quoting to get rate comparisons in just a few minutes.

The majority of car insurance companies participate in a marketplace where insurance shoppers enter their policy data once, and every company provides a quote for coverage. This eliminates the need for quote requests to every company.

To fill out one form to compare multiple rates now click here to start a free quote.

The single downside to using this type of system is that you can’t choose which providers to get quotes from. So if you want to choose individual companies to request quotes from, we put together a list of insurance companies in your area. Click here to view list.

Which method you use is up to you, but make sure you use identical coverage information with every price quote. If you have mixed coverages it’s impossible to make an equal comparison.

Be sure to get all your discounts

Car insurance can cost a lot, but companies offer discounts to help bring down the price. Some trigger automatically when you get a quote, but a few must be asked about before you will receive the discount. If you don’t get every credit you deserve, you are paying more than you should be.

  • Student in College – Youth drivers living away from home attending college and don’t have a car can be insured at a reduced rate.
  • No Accidents – Drivers with accident-free driving histories can earn big discounts as compared to frequent claim filers.
  • Good Students Pay Less – This discount can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Drivers Ed for Students – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • Sign Early and Save – Some companies give discounts for signing up before your current expiration date. It can save you around 10%.
  • Organization Discounts – Belonging to a civic or occupational organization could qualify you for a break when buying insurance on Malibu insurance.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.
  • Federal Government Employee – Active or retired federal employment could cut as much as 10% off on Malibu insurance with select insurance companies.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like medical payments or collision. So when the math indicates all the discounts add up to a free policy, it just doesn’t work that way. Any amount of discount will help reduce the cost of coverage.

For a list of providers with discount insurance rates, follow this link.

How do I know if I need professional advice?

When it comes to buying the best auto insurance coverage for your vehicles, there is no one size fits all plan. Every insured’s situation is different.

These are some specific questions can help discover whether your personal situation will benefit from professional help.

  • Do all my vehicles need collision coverage?
  • What if I total my 2015 Chevy Malibu and owe more than it’s worth?
  • Does my 2015 Chevy Malibu need full coverage?
  • Is my teen driver covered when they drive my company car?
  • Is a fancy paint job covered?
  • I have a DUI can I still get coverage?
  • What is PIP insurance?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form. It is quick, free and can help protect your family.

These factors can influence Chevy Malibu insurance rates

Consumers need to have an understanding of the factors that go into determining your car insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that could result in big savings.

Listed below are a few of the “ingredients” companies use to determine premiums.

  • Don’t cancel a policy without a new one in place – Having an insurance coverage lapse is a sure-fire way to bump up your car insurance costs. And not only will insurance be more expensive, but not being able to provide proof of insurance can result in a license revocation or jail time.You may need to file a SR-22 with your state motor vehicle department.
  • Consolidate policies to earn discounts – Many insurers provide better rates to insureds who consolidate policies with them such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. If you currently are using one company, you may still want to shop around to make sure you are getting the best deal. You may still find a better deal by buying car insurance from a different company.
  • Safer occupants lowers premiums – Vehicles with good safety scores get lower rates. The safest vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you. If your Chevy Malibu earned at least four stars on it may be receiving lower rates.
  • High credit ratings translate to low rates – A driver’s credit history is a huge factor in calculating your car insurance rates. Therefore, if your credit rating is not that good, you could potentially save money when insuring your 2015 Chevrolet Malibu by repairing your credit. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers with lower credit scores.
  • Where do you drive? – Driving more miles in a year the higher your rates will be. Most insurance companies apply a rate based upon how you use the vehicle. Autos that are left in the garage get more affordable rates as compared to vehicles used primarily for driving to work. An improperly rated Malibu can result in significantly higher rates. Verify your car insurance coverage is showing the proper vehicle usage.
  • Your car insurance rates can be influenced by your job – Did you know your car insurance rates can be affected by your occupation? Jobs such as real estate brokers, executives and accountants tend to pay higher rates than average because of stressful work requirements and lengthy work days. On the flip side, occupations like scientists, athletes and performers have the lowest average rates on Malibu insurance.
  • Extra coverages can waste money – There are many extra coverages that can waste your money if you aren’t careful. Things like roadside assistance, accident forgiveness and term life insurance may be costing you every month. They may seem good when you first buy your policy, but if they’re wasting money remove them from your policy.

Buyer beware of car insurance advertising tricks

Consumers can’t get away from ads for cheaper car insurance by companies like Progressive, GEICO, Allstate and State Farm. They all seem to make the same claim of big savings if you move to them.

How does each company make the same claim? This is how they do it.

Insurance companies can use profiling for the driver that is profitable for them. A good example of a desirable insured could possibly be between the ages of 40 and 55, has no driving citations, and has a high credit rating. A propective insured who meets those qualifications will get the preferred rates and therefore will cut their rates substantially.

Drivers who do not match these standards must pay higher rates and this can result in business going elsewhere. The ads say “customers who switch” not “everyone that quotes” save money. That’s the way companies can claim big savings.

This illustrates why it is so important to get as many comparisons as possible. Because you never know which company will have the lowest Chevy Malibu insurance rates.

Insurance coverage breakdown

Learning about specific coverages of insurance can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance coverage pays for 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 coverage pays for claims like damage from a tornado or hurricane, damage from flooding, hitting a bird, hitting a deer and vandalism. The highest amount 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.

Collision insurance

This coverage covers damage to your Malibu caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as scraping a guard rail, backing into a parked car, crashing into a ditch and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage

This provides protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Malibu.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Frequently these limits do not exceed the liability coverage limits.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for nursing services, X-ray expenses, surgery and prosthetic devices. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability auto insurance

This can cover injuries or damage you cause to people or other property. It protects YOU against claims from other people. It does not 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. You might see liability limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as loss of income, funeral expenses, attorney fees, medical expenses and bail bonds. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

A penny saved is a penny earned

We just presented a lot of techniques to reduce 2015 Chevy Malibu insurance prices online. The key concept to understand is the more you quote, the higher the chance of saving money. You may even discover the lowest premiums are with a company that doesn’t do a lot of advertising.

Consumers who switch companies do it for a number of reasons such as unfair underwriting practices, questionable increases in premium, delays in responding to claim requests and even poor customer service. Regardless of your reason, finding a great new company is easier than you think.

When trying to cut insurance costs, don’t be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped liability coverage limits and discovered at claim time they didn’t have enough coverage. Your strategy should be to buy the best coverage you can find at a price you can afford.

More information can be read at the links below