Lower Your 1998 Chevrolet Malibu Car Insurance Cost

Want cheaper car insurance rates for your Chevrolet Malibu? No one in their right mind cherishes buying car insurance, in particular when they are paying too much. There are many car insurance companies to purchase coverage from, and although it’s a good thing to have a choice, it makes it harder to get the best deal.

Smart consumers take time to do rate comparisons yearly because insurance rates are constantly changing. Despite the fact that you may have had the best rates for Malibu insurance last year you can probably find a better price now. So forget all the misinformation about car insurance because I’m going to teach you the things you must know in order to remove unneeded coverages and save money.

Comprehensive Insurance Comparison Quotes

Effectively comparing insurance prices can take time and effort if you don’t know the most efficient way. You can waste hours talking about coverages with insurance agencies in your area, or you can stay home and use the internet to get rate comparisons in just a few minutes.

Many insurance companies belong to a marketplace where insurance shoppers enter their coverage request one time, and each participating company then returns a price quote based on that data. This system prevents you from having to do form submissions for each company you want a rate for. To compare 1998 Chevy Malibu rates now click here to start a free quote.

The only drawback to comparing rates this way is you cannot specify which carriers to get quotes from. If you wish to select specific providers to compare rates, we put together a list of the cheapest insurance companies in your area. Click to view list.

Whichever way you use, make absolute certain that you use the exact same coverages and limits on every quote. If you are comparing unequal deductibles or liability limits it will be very difficult to truly determine the lowest rate.

How to reduce Chevy Malibu insurance rates

Auto insurance companies don’t always advertise every discount very clearly, so we took the time to find some of the best known and the more hidden ways to save on insurance. If you’re not getting every credit possible, you’re just leaving money on the table.

  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you may earn at least 10% off all policies.
  • Federal Government Employee – Active or retired federal employment can save as much as 8% for Malibu insurance with certain companies.
  • One Accident Forgiven – Certain companies allow you one accident without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
  • E-sign – A few companies give back up to $50 simply for signing online.
  • Passive Restraint Discount – Vehicles equipped with air bags can receive discounts of 20% or more.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.

It’s important to understand that most discount credits are not given to all coverage premiums. Most only reduce specific coverage prices like medical payments or collision. Just because you may think you can get free auto insurance, companies don’t profit that way.

Car insurance companies who might offer these discounts are:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. Savings might not be offered in every state.

Chevy Malibu insurance rates can be determined by these details

An important part of buying insurance is that you know some of the elements that come into play when calculating your insurance rates. Understanding what determines base rates enables informed choices that could result in better insurance rates.

  • Better credit scores mean better rates – Having a bad credit score is a big factor in determining what you pay for insurance. If your credit is lower than you’d like, you could pay less to insure your 1998 Chevrolet Malibu by improving your credit score. Drivers with good credit tend to file fewer claims and have better driving records than drivers with poor credit.
  • Your location is important – Choosing to live in small towns and rural areas can be a good thing when talking about insurance. Fewer drivers translates into fewer accidents. Drivers in populated areas have much more traffic to deal with and much longer commute distances. More time commuting translates into higher accident risk.
  • Liability insurance protects assets – Your policy’s liability coverage is the protection if you are found liable for damages caused by your negligence. It will provide you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
  • No coverage gaps is important – Letting your insurance expire will be a sure-fire way to trigger a rate increase. Not only will rates go up, but being ticketed for driving with no insurance will get you a license revocation or jail time.
  • How your age affects price – More mature drivers are more responsible, tend to cause fewer accidents and are safer drivers. Youthful drivers are known to be careless and easily distracted when driving and because of this, their insurance rates are much higher.
  • Higher deductibles cost less – The deductibles represent how much money you are required to spend if you file a covered claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. The more expense you’re willing to pay, the less your company will charge you for insurance for Malibu insurance.
  • Lower rates with optional equipment – Driving a car with an alarm system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your car from being stolen.
  • How’s your driving record? – Just one moving violation can bump up the cost by as much as thirty percent. Drivers who don’t get tickets tend to pay less for car insurance than their less careful counterparts. Drivers who have dangerous citations like DUI or reckless driving may need to submit a SR-22 form with their state DMV in order to prevent a license revocation.

Tailor your coverage to you

When choosing proper insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions may help highlight whether you will benefit from professional help.

  • Can I rent a car in Mexico?
  • Is my cargo covered for damage or theft?
  • Do I need PIP coverage since I have good health insurance?
  • Do I need rental car coverage?
  • If I drive on a suspended license am I covered?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • How can I find cheaper teen driver insurance?
  • Do I need special endorsements for business use of my vehicle?
  • Do I need an umbrella policy?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Car insurance coverage information

Understanding the coverages of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average insurance policy.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your 1998 Chevy Malibu.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Comprehensive protection

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as a broken windshield, damage from flooding, hitting a bird and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverages

Liability coverage protects you from damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like medical services, repair costs for stationary objects and funeral expenses. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage

Med pay and PIP coverage pay for short-term medical expenses for things like dental work, X-ray expenses and hospital visits. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Collision protection

This will pay to fix damage to your Malibu caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like sideswiping another vehicle, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Pennies from heaven

We just covered a lot of techniques to save on 1998 Chevy Malibu insurance. It’s most important to understand that the more price quotes you have, the better likelihood of reducing your rate. Drivers may discover the best price on auto insurance is with an unexpected company. Smaller companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate and Progressive.

Lower-priced insurance is possible on the web and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies may not provide online quoting and many times these regional insurance providers only sell through independent insurance agents.

Additional detailed information is available by following these links: