1997 Chevrolet Malibu Insurance Cost

I can’t think of a single person who looks forward to buying insurance coverage, in particular when their premiums are too high.

You have so many insurers to buy insurance from, and although it’s a good thing to have a choice, it can be more difficult to find the lowest rates.

Why your Chevy Malibu insurance rates may be high

An important part of buying insurance is that you know the different types of things that come into play when calculating auto insurance rates. Knowing what controls the rates you pay helps enable you to make changes that can help you get lower auto insurance prices.

  • Discounts for multiple policies – The majority of insurance companies provide better rates to insureds who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to 10 percent or more. Even with this discount, you still need to compare rates to confirm you are receiving the best rates possible.
  • Older drivers save more – More mature drivers tend to be more responsible, tend to file fewer claims and receive fewer citations. Teenage drivers have a tendency to be more careless when driving and because of this, their auto insurance rates are much higher.
  • Liability coverage is cheap – The liability section of your policy is the protection in the event that you are found to be at fault for damages from an accident. It provides legal defense which can be incredibly expensive. Liability is cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Lower rates with optional equipment – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.

Vehicle Insurance Comparison

Most major insurance companies like Allstate, Geico and Progressive allow you to get insurance quotes online. The process is fairly simple as you simply type in the coverage amounts you desire into a form. After the form is submitted, their system will order credit information and your driving record and returns a price quote based on these factors. Online price quotes streamlines rate comparisons, but the work required to visit multiple sites and complete many quote forms is monotonous and tiresome. But it is imperative to do this if you are searching for the lowest price.

There is a better way to compare rates

A quicker way to find lower prices makes use of a single form that gets price quotes from several different companies. It’s a real time-saver, requires much less work on your part, and makes rate comparisons a lot less work. Immediately after you send the form, it gets priced and you are able to buy your choice of the resulting price quotes. If you find a better price it’s easy to complete the application and buy the new coverage. This process takes just a few minutes to complete and may result in a nice savings.

To find out if lower rates are available, click here to open in new window and enter your vehicle and coverage information. If you currently have coverage, we recommend you duplicate the insurance coverages identical to your current policy. This way, you will get an apples-to-apples comparison for the exact same coverage.

More discounts equal less premium

Companies that sell car insurance do not list all their discounts very well, so we researched some of the best known and also the lesser-known savings tricks you should be using.

  • Safe Drivers – Safe drivers may receive a discount up to 45% less for Malibu coverage than less cautious drivers.
  • Discount for Good Grades – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Safety Course Discount – Completing a course in driver safety could cut 5% off your bill and easily recoup the cost of the course.
  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with better rates on cars that stay parked.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • Senior Citizens – If you’re over the age of 55, you may receive better car insurance rates for Malibu coverage.
  • Theft Prevention System – Anti-theft and alarm systems are stolen less frequently and will save you 10% or more.

Consumers should know that most discount credits are not given to your bottom line cost. Some only apply to the cost of specific coverages such as comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, you’re out of luck.

Car insurance companies that may have some of the above discounts are:

Before buying, ask each insurance company how you can save money. All car insurance discounts might not apply in your area.

It’s not one size fits all

When it comes to buying the best insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions could help you determine if you could use an agent’s help.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered when delivering products for my home-based business?
  • Does medical payments coverage apply to all occupants?
  • Do I need an umbrella policy?
  • How much liability coverage do I need in my state?
  • Should I buy more coverage than the required minimum liability coverage?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Insurance coverages and their meanings

Understanding the coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages available from insurance companies.

Collision – This covers damage to your Malibu resulting from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for claims such as rolling your car, sustaining damage from a pot hole, hitting a mailbox and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Comprehensive protection – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as fire damage, rock chips in glass, damage from a tornado or hurricane, hail damage and damage from flooding. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability – Liability insurance can cover damage that occurs to other’s property or people by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

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. You might see limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage pays for things like emergency aid, attorney fees, repair bills for other people’s vehicles, funeral expenses and loss of income. How much coverage you buy is your choice, but buy higher limits if possible.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Medical expense coverage – Med pay and PIP coverage pay for short-term medical expenses for things like rehabilitation expenses, hospital visits, EMT expenses and chiropractic care. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Feed the piggy bank

Budget-conscious 1997 Chevy Malibu insurance is possible on the web and with local insurance agents, so compare prices from both to get a complete price analysis. Some insurance companies do not offer online quoting and usually these small insurance companies provide coverage only through local independent agents.

When trying to cut insurance costs, don’t be tempted to buy poor coverage just to save money. There are too many instances where drivers have reduced physical damage coverage and learned later they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at a price you can afford.

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