2016 Chevrolet Malibu Insurance Cost

Trying to find better auto insurance rates for your Chevrolet Malibu? Having to pay for overpriced Chevrolet Malibu insurance can dwindle your savings account and put a big crunch on your finances. Shopping your coverage around is a smart way to make sure you’re not throwing money away. You have so many insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, so many choices can make it hard to find a good deal.

Smart consumers take time to check auto insurance prices quite often because rates are constantly changing. Just because you found the best rates on Malibu coverage a couple years back other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because you’re about to find out the right way to reduce your cost while improving coverage.

Don’t overlook these discounts

Insurance can be prohibitively expensive, but discounts can save money and there are some available that you may not even be aware of. Some trigger automatically when you quote, but lesser-known reductions have to be asked for prior to receiving the credit. If you don’t get every credit possible, you are paying more than you should be.

  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
  • Early Signing – A few companies offer discounts for signing up prior to your current policy expiration. This can save 10% or more.
  • Braking Control Discount – Vehicles with anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.
  • Own a Home – Owning a home may earn you a small savings because owning a home demonstrates responsibility.
  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
  • Safe Driver Discount – Insureds without accidents can pay as much as 50% less on Malibu coverage than drivers with accident claims.
  • Driver’s Ed – Have your child successfully complete driver’s ed class if it’s offered in school.
  • Club Memberships – Belonging to a professional or civic organization is a good way to get lower rates on insurance on Malibu coverage.

Consumers should know that some credits don’t apply to your bottom line cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, it just doesn’t work that way. Any amount of discount will cut your premiums.

Car insurance companies that may have these money-saving discounts include:

Check with every prospective company how you can save money. Some discounts might not apply in every state.

The easiest way to compare rates is to know most insurance companies will pay a fee to give rate comparisons. To get started, all you need to do is spend a couple of minutes providing details like whether you are single or married, if it has an anti-theft system, daily mileage, and an estimate of your credit level. Your insurance information is instantly submitted to many highly-rated insurers and they return quotes quickly.

To get price quotes for your Chevy Malibu , click here then complete the form.

These factors can influence what you pay for Chevy Malibu insurance

It’s important that you understand the rating factors that come into play when calculating your car insurance rates. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that can help you get lower car insurance prices.

  • Higher deductibles cost less – Physical damage deductibles define the amount you are required to spend if you file a covered claim. Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your car. A few examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more expense you have to pay, the lower your rates will be on Malibu coverage.
  • Discounts for married couples – Having a wife or husband helps lower the price on car insurance. Having a significant other usually means you are more mature and it’s proven that being married results in fewer claims.
  • Do you have a high stress job? – Did you know your occupation can influence how much you pay for car insurance? Jobs such as doctors, architects and accountants have higher rates than average due to job stress and lots of time spent at work. On the flip side, occupations like pilots, athletes and homemakers get better rates on Malibu coverage.
  • Your age impacts your rates – Teenage drivers have a tendency to be careless and easily distracted behind the wheel so they pay higher car insurance rates. If you’ve ever had to add a teen driver to your policy can be quite pricey. Older drivers are more cautious drivers, file fewer claims and are safer drivers.
  • Your location is important – Being located in small towns and rural areas is a positive aspect when talking about car insurance. Less people living in that area means reduced accidents and also fewer theft and vandalism claims. Drivers who live in large cities have more traffic problems and much longer commute distances. More time commuting means more change of being in an accident.
  • Don’t sacrifice liability coverage – Liability coverage is the coverage that protects you if ever you are found liable for personal injury or accident damage. Liability insurance provides legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • The more you drive the more you pay – The higher the mileage driven in a year the higher your rate. Most companies charge to insure your cars based on how the vehicle is used. Cars and trucks left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Make sure your car insurance declarations sheet properly reflects the correct usage for each vehicle. If your policy improperly rates your Malibu may be costing you.
  • Theft deterrents lower rates – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft.

Is my situation unique?

When it comes to choosing the right insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions may help highlight whether your personal situation will benefit from professional help.

  • How high should my uninsured/underinsured coverage be in my state?
  • When should I buy a commercial auto policy?
  • Is my 2016 Chevy Malibu covered for flood damage?
  • Am I missing any policy discounts?
  • Will my insurance pay for OEM parts?
  • Do I need an umbrella policy?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Insurance myths debunked

Consumers can’t get away from ads for cheaper car insurance from companies such as Progressive, Geico, Allstate and State Farm. All the ads make an identical promise about savings if you switch your policy.

But how can every company claim to save you money?

All companies have a certain “appetite” for the driver that earns them a profit. A good example of a driver they prefer might be profiled as over the age of 40, has no driving citations, and drives less than 7,500 miles a year. A driver who meets those qualifications will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who are not a match for the requirements will be charged a more expensive rate which leads to business going elsewhere. The ad wording is “customers that switch” not “people who quote” save that much money. That’s the way companies can advertise the way they do.

That is why drivers should get as many comparisons as possible. It’s not possible to predict which insurance company will give you the biggest savings on Chevy Malibu insurance.

Car insurance 101

Knowing the specifics of car insurance can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on the average car insurance policy.

Collision coverages – This will pay to fix damage to your Malibu from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as rolling your car, sideswiping another vehicle, crashing into a building, colliding with a tree and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like dental work, chiropractic care and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive protection – Comprehensive insurance coverage will pay to fix 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 insurance covers claims like a broken windshield, rock chips in glass, damage from flooding, vandalism and fire damage. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage – This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are identical to your policy’s liability coverage.

Auto liability insurance – Liability insurance provides protection from damage or injury you incur to a person or their property. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like medical expenses, repair costs for stationary objects, pain and suffering, court costs and structural damage. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

In conclusion

Cheap 2016 Chevy Malibu insurance is possible online in addition to many insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some car insurance companies do not provide the ability to get a quote online and these small, regional companies work with independent agents.

In this article, we presented a lot of techniques to save on insurance. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may even discover the best prices are with a small mutual company. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.

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