How Much Does 2014 Chevrolet Malibu Car Insurance Cost?

Drivers have lots of choices when trying to find the best price on Chevy Malibu insurance. You can either spend your time driving around getting price quotes or save time using the internet to get rate quotes. There is a better way to compare auto insurance rates and you need to know the absolute fastest way to price shop coverage for a Chevy and locate the lowest possible price from local insurance agents and online providers.

Best discounts on Chevy Malibu coverage

Companies offering auto insurance don’t necessarily list every discount in an easy-to-find place, so we researched some of the best known and the more hidden insurance savings. If they aren’t giving you every credit you qualify for, you are paying more than you should be.

  • Theft Prevention System – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Military Rewards – Being on active duty in the military can result in better rates.
  • Seat Belt Usage – Requiring all passengers to wear their seat belts can save 10% or more off your medical payments premium.
  • Safe Drivers – Insureds without accidents may receive a discount up to 45% less on Malibu insurance than drivers with accidents.
  • Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.

Drivers should understand that most credits do not apply the the whole policy. Most cut the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears all those discounts means the company will pay you, companies wouldn’t make money that way.

To see a list of providers offering insurance discounts, click here to view.

How to Lower Your Car Insurance Cost

Finding cheaper 2014 Chevy Malibu car insurance prices can be quick and easy. The only thing you need to do is take the time comparing price quotes from different insurance companies. It is quite easy and can be accomplished in a couple of different ways.

  1. One of the simplest ways to find low rates is a comparison rater form (click to open form in new window). This method keeps you from doing separate quotes for each company you want a rate for. Completing one form will return quotes from many national carriers.It’s the quickest way to get rates.
  2. A less efficient way to compare rate quotes requires a trip to each company website and fill out their own quote form. For examples sake, we’ll pretend you want to compare State Farm, Progressive and American Family. You would have to spend time on each company’s site and enter your information, which is why most consumers use the first method.

    For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but make darn sure you compare exactly the same coverage limits for every company. If you use differing limits you will not be able to determine which rate is truly the best.

Your Chevy Malibu insurance rate is a complex equation

An important part of buying insurance is that you know the factors that go into determining the rates you pay for auto insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that may reward you with better auto insurance rates.

Listed below are a partial list of the pieces used by your company to calculate rates.

  • Lower rates with optional equipment – Driving a car that has an advanced theft prevention system can get you a discount on your auto insurance. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your car from being stolen.
  • Men fork out a little more – Statistics demonstrate that women are safer drivers than men. Now that doesn’t mean women are BETTER drivers than men. Men and women cause accidents at a similar rate, but the males tend to have more serious accidents. They also get more serious tickets like DUI and reckless driving.
  • Your occupation can affect rates – Careers like judges, social workers and financial analysts tend to pay higher average rates due to job stress and lengthy work days. Conversely, professions such as farmers, engineers and retirees have the lowest average rates on Malibu insurance.
  • Never allow your policy to lapse – Driving your car without having proper coverage is a misdemeanor and you will pay a penalty because you let your insurance expire. And not only will your rates increase, but being ticketed for driving with no insurance may earn you a hefty fine and possibly a revoked license.
  • Higher safety ratings means cheaper insurance – Vehicles with good safety scores can get you lower premiums. Safer cars result in less severe injuries and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates. If your Chevy Malibu earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • High deductibles save money – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your Chevy. Examples of covered claims are running into the backend of another car, vandalism, and windstorm damage. Your deductibles are how much you are required to spend out-of-pocket if you file a covered claim. The higher the amount you’re willing to pay, the lower your rates will be on Malibu insurance.
  • Better credit means lower rates – A driver’s credit history is a important factor in determining what you pay for auto insurance. If your credit score is not that good, you could be paying less to insure your 2014 Chevrolet Malibu by improving your rating. Drivers with high credit scores tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.

Tailor your coverage to you

When buying the best insurance coverage, there is no perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that may help highlight whether you might need an agent’s assistance.

  • Do I benefit by insuring my home with the same company?
  • Do I really need UM/UIM coverage?
  • Am I covered if I hit my neighbor’s mailbox?
  • Should I buy only the required minimum liability coverage?
  • Why am I required to buy liability insurance?
  • Who is covered when they drive my 2014 Chevy Malibu?
  • Can I afford to buy a different vehicle if my 2014 Chevy Malibu is totaled?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and you can get the answers you need.

Insurance coverage specifics

Having a good grasp of insurance aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement.

Liability coverage

This can cover damage that occurs to a person or their property that is your fault. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things like emergency aid, repair bills for other people’s vehicles and loss of income. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Coverage for collisions

Collision insurance will pay to fix damage to your Malibu caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a mailbox, damaging your car on a curb, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for short-term medical expenses for things like rehabilitation expenses, surgery and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive coverage

This coverage covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from flooding, hail damage and theft. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Money doesn’t grow on trees

Lower-priced 2014 Chevy Malibu insurance can be sourced online and with local insurance agents, so compare prices from both to get a complete price analysis. A few companies do not offer the ability to get a quote online and these smaller companies work with independent agents.

When shopping online for car insurance, don’t be tempted to skimp on coverage in order to save money. There are a lot of situations where someone sacrificed collision coverage and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at the best price, not the least amount of coverage.

We covered many ideas to lower your insurance rates. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers could even find that the best prices are with a small local company.

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