2007 Chevrolet Malibu Insurance Rates – 5 Ways to Save

Searching for the cheapest insurance coverage rates? Consumers have lots of choices when looking for low-cost Chevy Malibu insurance. You can either spend your time calling around to compare prices or save time using the internet to find the lowest rates.

There is a better way to find insurance coverage online so you’re going to learn the proper way to price shop coverage for your Chevy and locate the lowest possible price from local insurance agents and online providers.

You need to check insurance coverage prices every six months because rates are usually higher with each renewal. Just because you had the lowest rates on Malibu coverage six months ago you can probably find a lower rate today. So block out anything you think you know about insurance coverage because I’m going to teach you one of the quickest ways to find lower rates on insurance coverage.

You probably qualify for some discounts

The cost of insuring your cars can be expensive, but there could be available discounts to help bring down the price. Certain discounts will be triggered automatically at quote time, but less common discounts must be specifically requested before you get the savings. If you’re not getting every credit you qualify for, you are throwing money away.

  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
  • Paperwork-free – A few companies will give a small break for buying your policy online.
  • Distant Student – Kids in college who are attending college without a vehicle on campus can be insured at a reduced rate.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you could save up to 5%.

Keep in mind that some credits don’t apply to all coverage premiums. Most only apply to specific coverage prices like liability, collision or medical payments. So when it seems like you can get free auto insurance, it doesn’t quite work that way. But all discounts will bring down the amount you have to pay.

A partial list of companies that possibly offer these money-saving discounts include:

Check with each company what discounts are available to you. Savings may not be available in every state.

Is there truth in advertising?

Consumers can’t ignore all the ads for car insurance savings by companies like Allstate and Progressive. All the companies make the same claim about savings if you change to them.

But how can every company make almost identical claims? It’s all in the numbers.

Insurance companies can use profiling for the right customer they prefer to insure. An example of a preferred risk could be over the age of 40, owns a home, and chooses high deductibles. Any new insured who matches those parameters will get very good rates and most likely will cut their rates substantially.

Potential customers who don’t measure up to the requirements will be charged a more expensive rate and this can result in business not being written. The ad wording is “customers that switch” not “people who quote” save that much money. This is how insurance companies can claim big savings.

That is why you should compare many company’s rates. It’s just too difficult to predict which insurance company will give you the biggest savings on Chevy Malibu insurance.

There’s no such thing as the perfect policy

When it comes to choosing adequate coverage, there really is not a best way to insure your cars. Every situation is different.

For instance, these questions might point out if you might need professional guidance.

  • What can I do if my company won’t pay a claim?
  • How can I find cheaper teen driver insurance?
  • Do I need rental car coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Can my babysitter drive my car?
  • Where can I find high-risk insurance?
  • Do I need to file an SR-22 for a DUI in my state?
  • Is pleasure use cheaper than using my 2007 Chevy Malibu to commute?
  • Does my liability insurance cover pulling a trailer or camper?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and you can get the answers you need.

Coverage specifics

Having a good grasp of auto insurance aids in choosing which coverages you need for your vehicles. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as theft, damage from getting keyed and a tree branch falling on your vehicle. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for EMT expenses, prosthetic devices, funeral costs and surgery. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage – This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your 2007 Chevy Malibu.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are set the same as your liablity limits.

Coverage for liability – Liability coverage protects you from damage or injury you incur to other people or property in an accident. This coverage protects you against claims from other people. 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. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like attorney fees, medical expenses, repair costs for stationary objects and bail bonds. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Collision coverage – This pays for damage to your Malibu resulting from a collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like driving through your garage door, sustaining damage from a pot hole, crashing into a ditch, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

More quotes. Lower rates.

You just learned a lot of information how to get a better price on 2007 Chevy Malibu insurance. The most important thing to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the lowest rates come from a lesser-known regional company.

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. There are many occasions where an insured cut full coverage and learned later that they should have had better coverage. Your strategy should be to buy the best coverage you can find for the lowest price.

Insureds who switch companies do it for any number of reasons including high rates after DUI convictions, not issuing a premium refund, high prices and even delays in paying claims. Whatever your reason, switching car insurance companies is not as difficult as it may seem.

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