Lower Your 2015 Chevrolet Malibu Car Insurance Rates

Scraping up a payment for overpriced Chevrolet Malibu insurance can take a big chunk out of your bank account and force you to make sacrifices. Comparison shopping is a great way to lower your monthly bill.

Because there are so many car insurance companies to choose from, it is very difficult to locate the best car insurance company.

It’s smart to compare prices periodically because prices are rarely the same from one policy term to another. Just because you found the best deal for Malibu coverage six months ago you can probably find a better price now. You’ll find quite a bit of inaccurate information about car insurance on the web, but we’re going to give you a bunch of ideas how to slash your car insurance rates.

Compare the Market for Insurance Coverage

There are a lot of ways you can shop for insurance coverage but one way is less time-consuming than others. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you could save time and use online quoting to get prices fast.

Most of the best insurance companies participate in a marketplace that enables customers to enter their coverage request one time, and at least one company provides a quote. This eliminates the need for quote forms for each company you want a rate for.

To find out how much you’re overpaying now click here to open in new window.

The one downside to comparing rates this way is you cannot specify which providers you want to price. If you prefer to choose specific providers to request quotes from, we put together a list of insurance coverage companies in your area. Click here to view list.

It’s your choice how you get your quotes, but make sure you use identical coverage information on every quote. If you have different liability limits then you won’t be able to determine which rate is truly the best. Just a small difference in insurance coverages may result in a large different in cost. And when price shopping your coverage, obtaining a wide range of quotes will increase your chances of finding better pricing.

Everyone needs different coverages

When choosing adequate coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions might help in determining whether your personal situation may require specific advice.

  • Am I getting all the discounts available?
  • Is my state a no-fault state?
  • I have health insurance so do I need medical payments coverage?
  • Who is covered by my policy?
  • Do I need to file an SR-22 for a DUI in my state?
  • Can I make deliveries for my home business?
  • Why do I only qualify for high-risk insurance?
  • Is my 2015 Chevy Malibu covered for flood damage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What vehicles should carry emergency assistance coverage?

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 don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Car insurance coverages for a Chevy Malibu

Understanding the coverages of a car insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages offered by car insurance companies.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 2015 Chevy Malibu.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from getting keyed, a broken windshield and fire damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability – Liability insurance protects you from damage or injury you incur to a person or their property in an accident. This coverage protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like structural damage, court costs, bail bonds, emergency aid and legal defense fees. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Collision – Collision coverage will pay to fix damage to your Malibu resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like hitting a mailbox, scraping a guard rail and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for immediate expenses like hospital visits, chiropractic care, X-ray expenses and pain medications. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage