Lower Your 2018 Chevrolet Malibu Insurance Rates

Have you fallen victim to high-priced insurance? Believe me when I say there are many people just like you.

You have multiple insurers to insure vehicles with, and although it’s nice to be able to choose, it can be more difficult to compare rates.

Earn discounts on car insurance

Car insurance can cost a lot, but there are discounts available that you may not know about. Many discounts should be triggered when you complete an application, but a few need to be specially asked for before being credited. If you’re not getting every credit possible, you are throwing money away.

  • Discount for Life Insurance – Larger companies have lower premium rates if you buy a life policy as well.
  • No Accidents – Insureds who avoid accidents and claims have much lower rates compared to drivers with a long claim history.
  • Good Drivers – Drivers who avoid accidents can save as much as half off their rates for Malibu insurance than drivers with accidents.
  • Club Memberships – Being in qualifying employment or professional organizations could trigger savings on your policy.
  • Student Discounts – Maintaining excellent grades may save you up to 25%. The good student discount can last until age 25.

Remember that many deductions do not apply to the entire cost. Some only apply to specific coverage prices like physical damage coverage or medical payments. Even though it appears you could get a free car insurance policy, it’s just not the way it works. Any amount of discount will cut your overall premium however.

Companies and some of their more popular discounts are included below.

  • 21st Century may offer discounts for teen driver, air bags, student driver, theft prevention, and anti-lock brakes.
  • State Farm may include discounts for good student, student away at school, anti-theft, defensive driving training, Drive Safe & Save, good driver, and safe vehicle.
  • AAA has savings for multi-car, AAA membership discount, good driver, good student, multi-policy, and anti-theft.
  • Liberty Mutual may have discounts that include safety features, teen driver discount, good student, preferred payment discount, new vehicle discount, hybrid vehicle, and multi-car.
  • Progressive discounts include multi-policy, continuous coverage, online quote discount, multi-vehicle, online signing, homeowner, and good student.

When getting a coverage quote, ask each company or agent which discounts you may be entitled to. Savings may not apply in your area. To see insurance companies that offer many of these discounts, click here to view.

What impacts Chevy Malibu insurance prices?

One of the most helpful ways to save on insurance coverage is to to have a grasp of some of the things that go into determining insurance coverage rates. If you have some idea of what influences your rates, this allows you to make good choices that can help you get cheaper rates. Many different elements are taken into consideration when premium rates are determined. Some are pretty understandable like your driving record, but other factors are more transparent such as whether you are married or your commute time.

The following are some of the most common factors companies use to determine rates.

  • Your occupation may affect premiums – Did you know your insurance coverage rates can be affected by your occupation? Careers such as military generalsair traffic controllers and emergency personnel have the highest rates attributed to high stress and long work days. On the other hand, occupations such as actors, athletes and retirees pay lower than average rates for Malibu insurance.
  • Men pay more for car insurance – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that males are worse at driving than females. Both sexes cause at-fault accidents in similar percentages, but men tend to have higher claims. They also get higher numbers of serious violations like DUI and reckless driving.
  • Avoid unnecessary add-on coverages – Insurance policies have a lot of extra add-on coverages that you can buy if you aren’t careful. Things like rental car reimbursement, better glass coverage, and additional equipment coverage may be wasting your money. They may sound like good ideas at first, but your needs may have changed so eliminate the coverages to reduce your premium.
  • High physical damage deductibles equal low rates – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Chevy. Examples of covered claims are running into the backend of another car, vandalism, or theft. The deductibles define how much you are required to spend out-of-pocket if a covered claim is submitted. The larger the amount the insured is willing to pay, the less your company will charge you for insurance for Malibu insurance.
  • The higher your credit rating the lower your premiums – Having a bad credit history is a large factor in calculating your insurance coverage rates. So if your credit rating can be improved, you may save money insuring your 2018 Chevrolet Malibu if you clean up your credit. People with very good credit scores tend to be more responsible and file fewer claims than drivers who have lower credit ratings.
  • Don’t skimp on liability coverage – The liability coverage on your policy is the protection when you are determined to be liable for damages caused by your negligence. Liability insurance provides for a legal defense to defend your case. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.

Tailor your car insurance coverage to you

When it comes to buying coverage, there is no “best” method to buy coverage. Every situation is different and your policy should reflect that. For instance, these questions might help in determining whether or not you may require specific advice.

  • Will filing a claim cost me more?
  • How do I insure my teen driver?
  • Will my insurance pay for OEM parts?
  • Why am I required to buy high-risk coverage?
  • Am I covered if I hit a deer?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I need replacement cost coverage?
  • What are the financial responsibility laws in my state?
  • How do I file an SR-22 for a DUI in my state?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Don’t be fooled by advertising claims

Companies like State Farm and Allstate continually stream ads on television and other media. All the companies advertise claims of big savings if you switch your coverage. Is it even possible that every company can save you money? Here is the trick they use.

Different companies have an ideal profile for the type of driver that earns them a profit. An example of this type of driver could be between the ages of 40 and 55, owns their home, and has great credit. Any person who fits those characteristics will most likely get cheap auto insurance rates and as a result will probably save a lot of money.

Insureds who do not match these stringent criteria will be charged a higher premium and this can result in business going elsewhere. The trick is to say “people who switch” not “everybody who quotes” save that much. That’s why companies can make it sound like they have such great auto insurance rates.

Because of this risk profiling, you really should compare as many free car insurance quotes as you can. It is just not possible to predict with any certainty which company will have the best rates.

Car insurance 101

Knowing the specifics of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages offered by insurance companies.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like nursing services, prosthetic devices, hospital visits and pain medications. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Coverage for collisions

This will pay to fix damage to your Malibu resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as scraping a guard rail, crashing into a ditch, hitting a mailbox and backing into a parked car. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your Chevy Malibu.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits are similar to your liability insurance amounts.

Liability insurance

This coverage provides protection from damage or injury you incur to people or other property. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as medical expenses, emergency aid and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverage

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane, theft, falling objects and fire damage. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

What is YOUR best insurance company?

As you quote car insurance, you should never buy less coverage just to save a little money. There are many occasions where drivers have reduced full coverage only to find out they didn’t have enough coverage. Your objective should be to buy a smart amount of coverage for the lowest cost and still be able to protect your assets.

We covered some good ideas how to save on 2018 Chevy Malibu insurance. The key concept to understand is the more rate comparisons you have, the higher your chance of finding cheap car insurance. Drivers may discover the lowest priced auto insurance comes from an unexpected company. These companies can often provide lower rates in certain areas than their larger competitors like State Farm or Progressive.

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