2001 Chevrolet Malibu Car Insurance Quotes – 7 Tips to Save

Finding cheaper insurance for a Chevy Malibu could be an all-consuming task, but you can follow our insurance coverage buying tips to save time.

There is a right way and a wrong way to compare insurance coverage rates and we’ll show you the quickest way to quote coverages for your Chevy and obtain the lowest possible price.

You should make it a habit to compare rates quite often because rates are variable and change quite frequently. Just because you found the best rates for Malibu coverage six months ago there may be better deals available now. Block out anything you think you know about insurance coverage because we’re going to demonstrate the best methods to reduce your cost while improving coverage.

Be sure to get all your discounts

Insuring your fleet can be pricey, buy you may qualify for discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but some must be specially asked for in order for you to get them. If you’re not getting every credit you deserve, you are throwing money away.

  • Senior Citizens – If you qualify as a senior citizen, you can possibly qualify for reduced rates for Malibu coverage.
  • Auto/Home Discount – If you insure your home and vehicles with the same insurance company you may save 10% to 20% off each policy.
  • Paperwork-free – A few companies will give a small break for buying a policy and signing up on their website.
  • Discount for Life Insurance – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • Passive Restraints – Cars that have air bags can receive discounts of more than 20%.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • Low Mileage Discounts – Driving fewer miles can earn lower rates on the low mileage vehicles.

Drivers should understand that most discount credits are not given to the entire policy premium. Some only reduce individual premiums such as liability, collision or medical payments. So when the math indicates adding up those discounts means a free policy, it just doesn’t work that way. But all discounts will cut the cost of coverage.

Companies that may offer these benefits may include but are not limited to:

Before buying, ask all companies you are considering how you can save money. Discounts may not apply in your area.

How to Compare Auto Insurance Costs

Effectively comparing auto insurance prices can be challenging if you don’t understand the most efficient way. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you could use online quotes to get rates in a matter of minutes.

Many popular insurance companies participate in a marketplace that enables customers to enter their coverage request one time, and each participating company returns a rated price based on that information. This eliminates the need for form submissions for each company you want a rate for.

To find out how much you’re overpaying now click here to open in new window.

The one disadvantage to using this type of system is you are unable to specify which providers you want to price. So if you prefer to pick specific providers to compare prices, we have a page of the cheapest auto insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just ensure you are comparing identical quote information with each company. If the quotes have different limits and deductibles on each one it’s not possible to determine the lowest rate for your Chevy Malibu.

How do I know if I need professional advice?

When choosing the right insurance coverage, there really is no single plan that fits everyone. Each situation is unique.

Here are some questions about coverages that may help you determine if your insurance needs may require specific advice.

  • What exactly is covered by my policy?
  • Can my teen drive my company car?
  • Do I need to file an SR-22 for a DUI in my state?
  • When should I remove comp and collision on my 2001 Chevy Malibu?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • When would I need rental car insurance?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and can help protect your family.

Is there truth in advertising?

Drivers can’t ignore all the ads for cheaper car insurance from the likes of State Farm, Allstate and Geico. They all make an identical promise of big savings if you move your coverage to them.

How do they all say the same thing? This is how they do it.

Different companies have a certain “appetite” for the right customer they prefer to insure. An example of a profitable customer could possibly be over the age of 50, has no tickets, and has great credit. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and most likely will cut their rates substantially.

Consumers who don’t meet these standards will be charged a more expensive rate which usually ends up with business not being written. The ad wording is “customers who switch” not “everyone that quotes” save money. That is how companies can truthfully claim big savings.

That is why you need to compare many company’s rates. Because you never know which company will have the lowest Chevy Malibu insurance rates.

Car insurance coverages 101

Having a good grasp of your policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Comprehensive auto coverage

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like vandalism, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for short-term medical expenses for things like ambulance fees, surgery, hospital visits and chiropractic care. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Coverage for collisions

This coverage pays for damage to your Malibu resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as scraping a guard rail, damaging your car on a curb, backing into a parked car, colliding with another moving vehicle and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Liability coverages

This coverage provides protection from damages or injuries you inflict on a person or their property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as medical expenses, medical services, repair bills for other people’s vehicles and attorney fees. How much coverage you buy is your choice, but buy as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Chevy Malibu.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Do the work, save more money

People who switch companies do it for a variety of reasons including being labeled a high risk driver, poor customer service, delays in paying claims or unfair underwriting practices. Regardless of your reason, finding a new insurance company can be pretty painless.

You just learned some good ideas how to save on 2001 Chevy Malibu insurance. The most important thing to understand is the more times you quote, the higher the chance of saving money. Drivers may discover the biggest savings come from an unexpected company.

Cost effective insurance is possible online in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. Some companies do not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

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