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.
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.
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.
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.
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.
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.
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.
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.
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.
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: