2016 Chevrolet Malibu Limited Insurance Cost – 9 Tips for Cheapest Prices

Comparing and finding low cost prices for Driverscar insurance might be a challenge for drivers new to quoting and comparing rates online. With more and more insurers to choose from, it can easily be a real hassle to locate the lowest price.

It’s important to compare rates quite often since insurance rates are constantly changing. Even if you think you had the best premium rates for Malibu Limited insurance a few years ago the chances are good that you can find a lower price today. There is a lot of bad information regarding car insurance online but in a few minutes you can learn some proven techniques to reduce your car insurance bill.

How much is insurance?

There are multiple methods to shop for insurance, but one way is more efficient than others. You can spend countless hours talking about coverages with agents in your area, or you could save time and use online quoting to maximize your effort.

Many insurance companies participate in an industry program where insurance shoppers only type in their quote data once, and every company then returns a price quote determined by their information. This prevents consumers from doing repetitive form submissions to each individual insurance company.

To enter your information into the quoting system, click here to start a free quote.

The one downside to using this type of system is that consumers can’t choose the providers you want pricing from. If you prefer to choose individual companies to compare prices, we have assembled a list of companies who write insurance in your area. Click to view list.

The method you choose is up to you, but be sure you’re using apples-to-apples coverage limits for every company. If each company quotes different deductibles it’s not possible to get a fair rate comparison. Quoting even small variations in insurance coverages or limits could skew the results. And when comparing insurance rates, know that comparing more rates from different companies helps locate lower pricing.

Do you qualify for discount auto insurance?

Auto insurance is not an enjoyable expense, but discounts can save money and there are some available to reduce the price significantly. Most are applied at quote time, but some must be asked for prior to getting the savings. If you check and find you aren’t receiving every discount you deserve, you are not getting the best rate possible.

  • Homeowners Pay Less – Being a homeowner may trigger a policy discount on auto insurance because of the fact that having a home is proof of financial responsibility.
  • Theft Deterent Discount – Vehicles that have factory anti-theft systems help deter theft and can earn a small discount on your policy.
  • Club Memberships – Belonging to a civic or occupational organization could earn you a nice discount on your bill.
  • Early Switch Discount – A few larger companies give discounts for switching companies early. You can save around 10% with this discount.
  • Defensive Driving Course – Taking part in a course that instructs on driving safety is a good idea and can lower rates and also improve your driving technique.
  • Military Deployment Discount – Being on active duty in the military could be rewarded with lower auto insurance rates.
  • Good Grades Discount – This discount may save as much as 25% on a insurance coverage quote. You can use this discount normally up to age 25.
  • Distant College Student Discount – Any of your kids who live away from home to go to college and do not have a car may qualify for this discount.
  • ABS Braking Discount – Cars and trucks that have steering control and anti-lock brakes have fewer accidents and will save you 10% or more.

Discounts lower rates, but some of the credits will not apply to all coverage premiums. Some only reduce the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, that’s just not realistic.

A list of auto insurance companies and some of the discounts are outlined below.

  • State Farm includes discounts for defensive driving training, good driver, multiple autos, Steer Clear safe driver discount, good student, and multiple policy.
  • GEICO may have discounts that include five-year accident-free, membership and employees, daytime running lights, military active duty, driver training, multi-policy, and emergency military deployment.
  • Progressive discounts include multi-policy, good student, homeowner, multi-vehicle, online quote discount, online signing, and continuous coverage.
  • 21st Century may include discounts for student driver, anti-lock brakes, air bags, theft prevention, and early bird.
  • American Family has savings for good student, early bird, air bags, Steer into Savings, bundled insurance, mySafetyValet, and multi-vehicle.
  • The Hartford offers discounts including bundle, driver training, air bag, vehicle fuel type, anti-theft, and good student.
  • AAA offers premium reductions for good driver, multi-policy, anti-theft, multi-car, good student, pay-in-full, and education and occupation.

If you need cheap insurance coverage quotes, ask all the companies which credits you are entitled to. Some of the earlier mentioned discounts may not apply in your area. To see auto insurance companies with the best auto insurance discounts, follow this link.

What insurance coverages do I need?

When choosing the right insurance coverage for your vehicles, there is no best way to insure your cars. Everyone’s needs are different.

These are some specific questions may help highlight if your insurance needs may require specific advice.

  • Should I file a claim if it’s only slightly more than my deductible?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Can I afford low physical damage deductibles?
  • Where can I get insurance after a DUI in my state?
  • Do I need replacement cost coverage on my 2016 Chevy Malibu Limited?
  • Which companies will insure high-risk drivers?
  • What is the ISO rating for a 2016 Chevy Malibu Limited?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverages

Understanding the coverages of auto insurance can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Chevy Malibu Limited.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Coverage for liability

Liability coverage protects you from damage that occurs to other’s property or people by causing an accident. It protects YOU from legal claims by others, 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. As an example, you may have values of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things like emergency aid, repair costs for stationary objects and structural damage. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like dental work, X-ray expenses and chiropractic care. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like a broken windshield, damage from getting keyed, fire damage, hitting a deer and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance pays for damage to your Malibu Limited resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like crashing into a ditch, damaging your car on a curb, backing into a parked car and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.