How Much Does 2003 Chevrolet Malibu Insurance Cost?

Want the cheapest insurance coverage rates for your Chevrolet Malibu? Are you sick and tired of paying out the nose to insure your Chevy every month? You’re in the same situation as most other car owners.

Numerous insurance companies battle for your business, and because of this it can be hard to compare insurers to discover the definitive lowest price

It’s smart to do rate comparisons periodically because rates are rarely the same from one policy term to another. If you had the best deal for Malibu insurance on your last policy other companies may now be cheaper. So forget all the misinformation about insurance coverage because you’re about to learn how to use the internet to save money, get proper coverage and the best rates.

How to Lower Your Insurance Cost

When shopping for insurance there are multiple ways of comparing rates from different insurance companies. By far the easiest way to find competitive 2003 Chevy Malibu insurance rates involves getting comparison quotes online. This can be done in just a few minutes using one of these methods.

1. The best way to find the lowest comparison rates is a comparison rater form click here to open form in new window. This easy form prevents you from having to do separate quotation requests for each company you want a rate for. One form compares rates direct from many companies.
2. A more difficult way to analyze rates is to manually visit each company website and complete a new quote form. For sake of this example, we’ll assume you want to compare rates from Allstate, Geico and GMAC. To get each rate you have to visit each site to enter your coverage information, and that’s why the first method is more popular.

   For a list of links to companies insuring cars in your area, click here.

It doesn’t matter which method you choose, just make absolute certain that you use the exact same coverage limits and deductibles on every quote you get. If you are comparing different values for each quote it will be impossible to find the best deal for your Chevy Malibu. Just a small difference in insurance coverages may cause a big price difference. It’s important to know that obtaining a wide range of quotes will increase your chances of finding better pricing.

Which insurance is the “right” coverage?

When buying the best auto insurance coverage for your vehicles, there is no “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that. These are some specific questions might help in determining whether your personal situation would benefit from an agent’s advice.

• How much liability do I need to cover my assets?
• Does my insurance cover my expensive audio equipment?
• Am I getting all the discounts available?
• Is my business laptop covered if it gets stolen from my vehicle?
• Should I rate my 2003 Chevy Malibu as pleasure use or commute?
• Is a fancy paint job covered?
• Is my dog or cat covered if injured in an accident?
• Do I benefit by insuring my home with the same company?
• Should I buy more coverage than the required minimum liability coverage?
• Do I need special endorsements for business use of my vehicle?

If you don’t know the answers to these questions, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Insurance coverage basics

Understanding the coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Auto liability

This can cover injuries or damage you cause to other’s property or people in an accident. It protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims such as bail bonds, pain and suffering and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, fire damage, hail damage and damage from a tornado or hurricane. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like rehabilitation expenses, ambulance fees and nursing services. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Collision protection

Collision coverage will pay to fix damage to your Malibu resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, scraping a guard rail, hitting a parking meter and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.