2008 Chevrolet Malibu Classic Insurance Cost

No one likes paying for auto insurance, particularly when their premiums are too high. Because there are so many companies and agents to choose from, it’s nearly impossible to pick the best insurance company.

It’s smart to shop coverage around once or twice a year because rates are rarely the same from one policy term to another. If you had the lowest rates for Malibu Classic insurance six months ago the chances are good that you can find a lower rate today. There is a lot of bad advice regarding auto insurance on the internet, so with this article, you’re going to get some of the best ways to stop overpaying for insurance.

Discounts on Chevy Malibu Classic insurance

The price of auto insurance can be rather high, but there could be available discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at the time of purchase, but some must be asked about prior to getting the savings. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Service Members Pay Less – Having a deployed family member could be rewarded with lower premiums.
  • Multiple Policy Discount – If you have multiple policies with the same insurance company you will save approximately 10% to 15%.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same car insurance policy could earn a price break for each car.
  • Discount for Life Insurance – Select insurance companies reward you with a break if you buy life insurance from them.
  • Homeowners Pay Less – Being a homeowner may earn you a small savings because owning a home requires personal responsibility.
  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and earn discounts up to 10%.

As a disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So when the math indicates all the discounts add up to a free policy, it just doesn’t work that way. Any qualifying discounts will help reduce the cost of coverage.

Car insurance companies that may offer these benefits may include but are not limited to:

Before buying, ask every prospective company what discounts are available to you. Savings may not apply in every state.

Auto Insurance Comparison Rates

Performing a rate comparison can be a lot of work if you don’t know the best way to get rate quotes. You could spend the better part of a day talking to insurance companies in your area, or you could save time and use the internet to get prices fast.

All the larger companies belong to an insurance system that allows shoppers to submit their information once, and each company returns a competitive quote for coverage. This saves time by eliminating form submissions for each company you want a rate for.

To find out what other companies charge for 2008 Chevy Malibu Classic insurance click to open in new window.

One minor caviat to using this type of system is you don’t know exactly the companies to get quotes from. So if you prefer to choose specific insurance companies for rate comparison, we have a page of auto insurance companies in your area. Click here to view list.

It’s up to you which method you use, but make darn sure you compare apples-to-apples coverage limits and deductibles for every quote you compare. If your comparisons have different limits and deductibles on each one you will not be able to make a fair comparison for your Chevy Malibu Classic.

Chevy Malibu Classic rates are complex

It’s important that you understand some of the elements that go into determining the rates you pay for insurance coverage. When you know what positively or negatively determines base rates helps enable you to make changes that will entitle you to lower insurance coverage prices.

  • Discounts for multiple policies – Most insurance companies will give a discount to customers who carry more than one policy in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to shop around to make sure you are getting the best deal. You may still be able to find a better deal by buying insurance from more than one company.
  • Don’t sacrifice liability coverage – Your policy’s liability coverage is the coverage that protects you when a jury decides you are liable for damages caused by your negligence. Liability provides for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so buy as much as you can afford.
  • Lower miles equals lower premium – The more miles you rack up on your Chevy in a year the more you will pay for insurance coverage. Most insurance companies rate vehicles based upon how you use the vehicle. Autos not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Malibu Classic can result in significantly higher rates. Ask your agent if your insurance coverage policy shows how each vehicle is driven, because improper ratings can cost you money.
  • Don’t get talked into coverage you don’t need – There are a ton of additional coverages that can waste your money if you aren’t careful. Coverages like rental car reimbursement, accident forgiveness and membership fees are some examples. They may seem good when you first buy your policy, but your needs may have changed so get rid of them and save.
  • Lower rates with optional equipment – Owning a car with an alarm system can save you a little every year. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft.

Tailor your coverage to you

When buying the best insurance coverage for your personal vehicles, there is no cookie cutter policy. Every insured’s situation is different so your insurance should reflect that For example, these questions may help highlight whether your personal situation would benefit from an agent’s advice.

  • Should I have a commercial auto policy?
  • Do I need PIP coverage since I have good health insurance?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is covered by UM/UIM coverage?
  • How does medical payments coverage work?
  • Can I afford to buy a different vehicle if my 2008 Chevy Malibu Classic is totaled?
  • What if I total my 2008 Chevy Malibu Classic and owe more than it’s worth?
  • How much liability insurance is required?
  • Will filing a claim cost me more?
  • I have good health insurance, so how much medical payments coverage do I need?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Insurance coverage basics

Knowing the specifics of your insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverages available from insurance companies.

Auto liability

Liability insurance can cover damages or injuries you inflict on other people or property. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as emergency aid, legal defense fees, court costs, attorney fees and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your 2008 Chevy Malibu Classic.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages are set the same as your liablity limits.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for expenses such as ambulance fees, prosthetic devices and surgery. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, hitting a bird, a broken windshield, fire damage and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims such as hitting a mailbox, colliding with a tree, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

A fool and his money are soon parted

When trying to cut insurance costs, it’s a bad idea to buy poor coverage just to save money. There are many occasions where an accident victim reduced liability limits or collision coverage only to discover later that it was a big error on their part. The proper strategy is to buy the best coverage you can find at an affordable rate.

We just showed you some good ideas how to get a better price on 2008 Chevy Malibu Classic insurance. The most important thing to understand is the more you quote, the better your comparison will be. Consumers could even find that the lowest premiums are with a company that doesn’t do a lot of advertising. Regional companies may only write in your state and offer lower rates than the large multi-state companies such as State Farm or Progressive.

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