Cheap 2004 Chevrolet Malibu Insurance Rates

Trying to find cheaper insurance rates for your Chevrolet Malibu? If price shopping insurance online is new to you, it’s easy to get overwhelmed due to the large number of companies offering insurance.

You should make it a habit to check insurance prices occasionally since insurance rates are usually higher with each renewal. Despite the fact that you may have had the lowest price on Malibu insurance two years ago you may be paying too much now. Don’t believe everything you read about insurance online but with this article, you’re going to get a lot of great tips on how to save money.

How to Compare Insurance Costs

Performing a rate comparison can be challenging if you don’t understand the best way to get rate quotes. You could waste a few hours talking about coverages with insurance companies in your area, or you could save time and use online quotes to get pricing more quickly.

All the larger companies take part in a program where prospective buyers send in one quote, and each participating company can provide price quotes for coverage. This prevents consumers from doing quotation requests to every company.

To use this form to compare 2004 Chevy Malibu insurance rates click here (opens in new window).

The only drawback to using this type of form is you don’t know exactly the companies you will receive quotes from. So if you prefer to choose individual companies to receive pricing from, we put together a list of the cheapest insurance companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just compare the exact same coverage information on every quote you get. If the quotes have different values for each quote it’s not possible to find the best deal for your Chevy Malibu. Quoting even small variations in coverages may cause a big price difference. And when price shopping your coverage, quoting more provides better odds of finding the best price.

Are you falling for claims of savings?

Car insurance companies such as Progressive, Allstate and Geico constantly bombard you with ads on TV and radio. They all seem to make the same claim that you can save if you switch your policy. But how can every company make the same claim? This is how they do it.

Insurance companies have a certain “appetite” for the type of driver that makes them money. For example, a driver they prefer could be over the age of 40, is a homeowner, and drives newer vehicles. A customer who meets those qualifications is entitled to the best price and is almost guaranteed to save a lot of money.

Potential insureds who don’t qualify for these standards will be quoted higher rates which leads to the customer not buying. Company advertisements say “drivers who switch” not “everyone that quotes” save money. That’s why insurance companies can advertise the way they do. This emphasizes why it is so important to quote coverage with many companies. Because you never know which company will provide you with the cheapest Chevy Malibu insurance rates.

Impacting insurance rates for a Chevy Malibu

An important part of buying insurance is that you know the rating factors that help determine the rates you pay for car insurance. Knowing what influences your rates allows you to make educated decisions that will entitle you to better car insurance rates.

  • Men are more aggressive – Statistics show that men are more aggressive behind the wheel. However, don’t assume that men are worse drivers. Women and men tend to get into accidents in similar percentages, but men cause more damage and cost insurance companies more money. Men also have more aggressive citations such as DWI and reckless driving.
  • Lower miles equals lower premium – The more miles you rack up on your Chevy in a year’s time the higher your rate. Most companies charge to insure your cars based on how the vehicle is used. Cars left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Make sure your car insurance policy is rated on how each vehicle is driven. If your policy improperly rates your Malibu can cost quite a bit.
  • Traffic citations inflate rates – A bad driving record has a big impact on rates. Even one ticket may increase your cost forty percent or more. Drivers with clean records tend to pay less for car insurance than their less careful counterparts. If you have dangerous violations such as hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
  • Marriage brings a discount – Being married helps lower the price when buying car insurance. It is viewed as being more mature than a single person it has been statistically shown that married drivers get in fewer accidents.
  • Adjust deductibles and save – Your deductibles represent how much money you are required to spend in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some instances where coverage would apply would be colliding with a building, damage caused by hail, or theft. The higher the amount you are required to pay out-of-pocket, the less your car insurance will be on Malibu insurance.
  • Where you reside plays a part – Choosing to live in a rural area has it’s advantages when talking about car insurance. Drivers in populated areas have to deal with congested traffic and longer commutes to work. Less people living in that area means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Theft deterrents lower rates – Owning a car with anti-theft technology or alarm system can help lower your rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.
  • Better credit scores mean better rates – Your credit score is a huge factor in determining what you pay for car insurance. Drivers who have excellent credit tend to be better drivers and file fewer claims than those with lower ratings. If your credit score is low, you could pay less to insure your 2004 Chevrolet Malibu by spending a little time repairing your credit.

Discounts are great for lower rates

Auto insurance companies don’t list every discount very well, so we break down both well-publicized and also the lesser-known discounts you could be receiving.

  • Paperwork-free – Some insurance companies may give you up to $50 just for signing your application on their website.
  • Accident Waiver – Certain companies permit an accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Auto/Life Discount – Companies who offer life insurance give a break if you buy life insurance from them.
  • Good Students Pay Less – Performing well in school can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Student in College – Any of your kids who are attending college and do not have a car can be insured at a reduced rate.
  • Save over 55 – If you qualify as a senior citizen, you may be able to get a small decrease in premiums on Malibu insurance.
  • Multi-policy Discount – If you insure your home and vehicles with the same company you may earn up to 20% off your total premium.
  • Drive Less and Save – Driving fewer miles can earn discounted rates on garaged vehicles.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can receive discounts of up to 25% or more.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. So even though it sounds like all the discounts add up to a free policy, it doesn’t quite work that way.

For a list of providers who offer insurance coverage discounts, follow this link.

You may need specialized coverage

When it comes to choosing the right insurance coverage, there really is no perfect coverage plan. Every situation is different.

Here are some questions about coverages that may help highlight whether you would benefit from professional advice.

  • Do I need roadside assistance coverage?
  • When should I buy a commercial auto policy?
  • Is my camper covered by my car insurance policy?
  • How do I insure my teen driver?
  • Does my insurance cover my expensive audio equipment?
  • How high should my medical payments coverage be?
  • Am I covered if I crash into my own garage door?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Should I drop comprehensive coverage on older vehicles?

If you can’t answer these questions, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form.

What auto insurance coverages do you need?

Having a good grasp of your policy can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive coverage

This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, hitting a bird and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision protection

This covers damage to your Malibu resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as hitting a mailbox, colliding with a tree, rolling your car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for immediate expenses for surgery, hospital visits, ambulance fees, EMT expenses and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Chevy Malibu.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Auto liability insurance

This provides protection from damage that occurs to other people or property in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things like repair costs for stationary objects, attorney fees, medical services and medical expenses. How much coverage you buy is up to you, but you should buy higher limits if possible.

More quotes mean more savings

When buying insurance coverage, you should never skimp on coverage in order to save money. In too many instances, consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. The aim is to get the best coverage possible at an affordable rate while still protecting your assets.

We just covered many ways to get a better price on 2004 Chevy Malibu insurance. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. You may even discover the biggest savings come from a small local company.

Drivers change insurance companies for a variety of reasons including delays in responding to claim requests, high prices, extreme rates for teen drivers or even high rates after DUI convictions. Regardless of your reason for switching companies, switching insurance coverage companies is actually quite simple.

Much more information about insurance coverage can be read on the following sites: