View 2007 Chevrolet Malibu Insurance Cost

Trying to find lower insurance coverage rates for your Chevrolet Malibu? Are you intimidated by the sheer number of insurance coverage choices? You’re not alone. People have so many options available that it can turn into a real challenge to find the best price.

It is always a good idea to do rate comparisons occasionally due to the fact that insurance rates tend to go up over time. Even if you got the lowest price on Malibu coverage six months ago you may be paying too much now. Forget all the misinformation about insurance coverage because I’m going to let you in on the secrets to the fastest and easiest way to find better coverage at a better price.

Save with discounts on 2007 Chevy Malibu insurance

Companies that sell car insurance don’t always list every discount very clearly, so we took the time to find both the well known and also the lesser-known savings tricks you should be using.

  • Resident Student – Youth drivers living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Accident Forgiveness – Some insurance companies permit an accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
  • Bundle and Save – If you insure your home and vehicles with the same insurance company you could get a discount of up to 20% off your total premium.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% less on Malibu coverage than less cautious drivers.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of more than 20%.
  • Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% on Malibu coverage with a few insurance coverage companies.
  • Club Memberships – Belonging to a qualifying organization may earn a discount on insurance coverage on Malibu coverage.

It’s important to understand that most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as comp or med pay. Just because you may think it’s possible to get free car insurance, companies wouldn’t make money that way.

Insurance companies that may offer these benefits include:

It’s a good idea to ask each company which discounts they offer. Savings may not be available in your state.

Why your Chevy Malibu might be costing you more

It’s important that you understand the different types of things that play a part in calculating insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that could result in much lower annual insurance costs.

  • Protect your assets with liability insurance – The liability section of your policy is the coverage that protects you if ever you are found to be at fault for causing damage or personal injury in an accident. Liability insurance provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not skimp.
  • High crash test scores lower rates – Vehicles with good safety scores tend to have better insurance rates. Safe vehicles have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If your Chevy Malibu is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Adjust deductibles and save – Coverage for physical damage, also known as collision and other-than-collision, protects your Chevy from damage. Examples of covered claims could be running into the backend of another car, vandalism, and rolling your vehicle. Your deductibles are the amount of money you are willing to pay out-of-pocket if you file a covered claim. The more you’re willing to pay, the lower your rates will be on Malibu coverage.
  • Do you need the policy add-ons? – There are a ton of add-on coverages that can waste your money on your 2007 Malibu policy. Insurance for vanishing deductibles, accident forgiveness and motor club memberships may be wasting your money. These may sound like a good investment initially, but if you don’t need them eliminate the coverages to reduce your premium.
  • How credit affects insurance rates – Credit score is a huge factor in your rate calculation. So if your credit rating is lower than you’d like, you could save money insuring your 2007 Chevrolet Malibu by improving your credit score. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have poor credit.
  • Being married is a good thing – Having a spouse can get you a discount on your insurance policy. Having a spouse translates into being more mature it has been statistically shown that drivers who are married are more cautious.
  • A lapse in coverage is a bad thing – Allowing your coverage to lapse will be a sure-fire way to pay more for insurance. Not only will you pay more, failure to provide proof of insurance will get you a revoked license or a big fine.
  • Where you live – Choosing to live in small towns and rural areas has it’s advantages when insuring your vehicles. Urban drivers have to deal with congested traffic and longer commutes to work. Fewer drivers means fewer accidents.

Tailor your coverage to you

When it comes to choosing the best insurance coverage coverage, there really is no perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that might point out if your insurance needs might need professional guidance.

  • Do I really need UM/UIM coverage?
  • Am I covered if I drive in a foreign country?
  • Should I buy full coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • Are my tools covered if they get stolen from my vehicle?
  • Why am I required to buy liability insurance?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverage information

Learning about specific coverages of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like pain medications, hospital visits, nursing services and X-ray expenses. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Coverage for liability

This coverage provides protection from damages or injuries you inflict on other people or property. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things such as medical expenses, repair costs for stationary objects, bail bonds and attorney fees. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2007 Chevy Malibu.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Comprehensive insurance

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as rock chips in glass, damage from getting keyed, damage from flooding, hitting a bird and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision protection

This will pay to fix damage to your Malibu resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as sideswiping another vehicle, hitting a mailbox, colliding with another moving vehicle, sustaining damage from a pot hole and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also increase the deductible to save money on collision insurance.

In the end, you save

Consumers leave their current company for any number of reasons including lack of trust in their agent, high rates after DUI convictions, denial of a claim or even extreme rates for teen drivers. No matter why you want to switch, switching companies is not as difficult as it may seem.

Affordable 2007 Chevy Malibu insurance can be bought online and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies do not offer online quoting and most of the time these small, regional companies sell through independent agents.

As you shop your coverage around, it’s very important that you do not reduce needed coverages to save money. In many instances, drivers have reduced comprehensive coverage or liability limits only to regret that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at an affordable rate, not the least amount of coverage.

More detailed insurance information can be read by following these links: