2002 Chevrolet Malibu Insurance Rates

Want better insurance coverage rates for your Chevrolet Malibu? Paying for high-priced Chevrolet Malibu insurance can overdraw your savings account and put a big crunch on your finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.

There is such a variety of insurance companies to pick from, and although it’s a good thing to have a choice, it can be more challenging to find the best rates.

It is always a good idea to compare rates periodically since insurance rates are adjusted regularly by insurance companies. Even if you got the best rates for Malibu coverage last year there may be better deals available now. So just ignore everything you know about insurance coverage because you’re going to get a crash course in the best way to properly buy coverages and cut your premium.

Automobile Insurance Quotes

All major auto insurance companies such as Geico, State Farm and Progressive provide price estimates on their websites. The process is quite easy as you simply enter your coverage preferences as requested by the quote form. Upon sending the form, their rating system will order credit information and your driving record and gives you a price quote determined by many factors. Online quotes simplifies rate comparisons, but the time it takes to visit each company’s website and repetitively type in the same information is monotonous and tiresome. Unfortunately, it is important to do this in order to get the best price possible.

The easy way to compare rates

The smarter way to locate the lowest prices makes use of a single form that analyzes rates from several companies at one time. This type of form saves time, reduces the work, and makes online shopping much easier. After your information is entered, it is rated and you can select any of the pricing results.

If a lower price is quoted, it’s easy to complete the application and buy the new coverage. It just takes a couple of minutes and you will find out if you’re overpaying now.

In order to compare rates using this form now, click here and submit your coverage information. To compare your current rates, we recommend you input your coverages identical to your current policy. This way, you’re receiving rate quotes based on similar coverages.

Why your Chevy Malibu might be costing you more

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for auto insurance. When you know what positively or negatively influences your rates empowers consumers to make smart changes that can help you get big savings.

  • Rate your vehicle for proper use – Driving more miles in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Vehicles not used for work or commuting receive lower rates than vehicles that are driven to work every day. Ask your agent if your auto insurance coverage is rated on the proper vehicle usage, because improper ratings can cost you money. Incorrect usage on your Malibu can result in significantly higher rates.
  • Where you live – Living in a small town has it’s advantages when buying auto insurance. Fewer people means fewer accidents and a lower car theft rate. Urban drivers tend to have congested traffic and much longer commute distances. Longer commute distances means more change of being in an accident.
  • Battle of the sexes – Statistics demonstrate women are more cautious behind the wheel. Now that doesn’t mean women are better drivers. Men and women have accidents in similar numbers, but the males tend to have more serious accidents. They also get cited for more serious violations like DUI and reckless driving.
  • Don’t let your coverage lapse – Allowing your coverage to lapse will be a sure-fire way to pay more for auto insurance. And not only will insurance be more expensive, but being ticketed for driving with no insurance can result in a steep fine or even jail time.You may have to submit proof of financial responsibility or a SR-22 with your state DMV.

These discounts can slash car insurance rates

Car insurance can cost a lot, but you may find discounts that many people don’t even know exist. Some discounts apply automatically when you purchase, but a few need to be specially asked for prior to receiving the credit.

  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off your medical payments premium.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.
  • Student Driver Training – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Military Rewards – Having a deployed family member could mean lower rates.
  • No Claims – Good drivers with no accidents can save substantially as compared to accident-prone drivers.
  • Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
  • Defensive Driving Course – Taking part in a course teaching defensive driving skills could cut 5% off your bill if you qualify.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy can get a discount on all vehicles.

It’s important to note that some credits don’t apply the the whole policy. A few only apply to the price of certain insurance coverages like comp or med pay. So even though it sounds like you could get a free car insurance policy, companies wouldn’t make money that way. Any qualifying discounts will help reduce the amount you have to pay.

Companies that may have these discounts may include but are not limited to:

Check with each insurance company how you can save money. Some discounts may not apply in your state.

When might I need the advice of an agent?

When choosing adequate coverage for your vehicles, there isn’t really a cookie cutter policy. Each situation is unique so your insurance should reflect that These are some specific questions might point out if you might need professional guidance.

  • What is the ISO rating for a 2002 Chevy Malibu?
  • When should I buy a commercial auto policy?
  • Am I covered if my car is in a flood?
  • How can I get my company to pay me more for my totalled car?
  • Does coverage extend to my business vehicle?
  • Is business equipment covered while in my vehicle?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Car insurance coverages for a 2002 Chevy Malibu

Understanding the coverages of car insurance aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are the normal coverages found on most car insurance policies.

Comprehensive or Other Than Collision – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hitting a bird, falling objects and damage from a tornado or hurricane. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Coverage for liability – Liability insurance provides protection from damage or injury you incur to other’s property or people in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for 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 limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like emergency aid, loss of income, bail bonds, funeral expenses and court costs. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

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

Collision insurance covers things such as crashing into a building, damaging your car on a curb, hitting a mailbox, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as ambulance fees, dental work, nursing services, doctor visits and EMT expenses. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Be a penny pincher

The cheapest 2002 Chevy Malibu insurance can be sourced both online as well as from independent agents, so compare prices from both to have the best rate selection. There are still a few companies who don’t offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

We just showed you many ideas to lower your insurance rates. The most important thing to understand is the more quotes you get, the better likelihood of reducing your rate. Consumers could even find that the lowest premiums are with a smaller regional carrier. Regional companies can often provide lower rates in certain areas compared to the large companies like State Farm and Allstate.

More detailed car insurance information can be found by following these links: