Lower Your 2013 Chevrolet Malibu Insurance Cost

I can’t think of anyone who likes paying for insurance, especially when their premiums are through the roof. Companies like Progressive, Geico and Farmers Insurance promote their brand names with ads and it is difficult to see through the deception and effectively compare rates to find the best deal.

Discounts on Chevy Malibu insurance

The price of auto insurance can be rather high, but there are discounts available that you may not even be aware of. Some trigger automatically when you purchase, but lesser-known reductions have to be specially asked for prior to getting the savings. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt could save 15% off your PIP or medical payments premium.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount on Malibu insurance with certain companies.
  • Discount for Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance from them.
  • Student Driver Training – Cut your cost by having your teen driver complete a driver education course if it’s offered in school.
  • Claim Free – Drivers who don’t have accidents can save substantially as compared to accident-prone drivers.
  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.
  • Early Switch Discount – Select companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts may earn rate discounts of more than 20%.
  • New Car Discount – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.

Drivers should understand that most of the big mark downs will not be given the the whole policy. A few only apply to specific coverage prices like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, it just doesn’t work that way. Any amount of discount will reduce the cost of coverage.

For a list of companies who offer insurance coverage discounts, follow this link.

How to Compare Insurance Coverage Costs

Cutting your insurance coverage rates can be quick and easy. Consumers just need to invest a few minutes to compare rate quotes online from several insurance companies. This can be done using a couple different methods.

The first (and easiest) way consumers can analyze rates is a comparison rater form like this one (opens in new window). This form eliminates the need for separate forms to each individual insurance coverage company. Filling out one form will get you rate comparisons instantly.

Another way to shop for insurance coverage online consists of visiting each company’s website to complete a price quote. For examples sake, let’s assume you want to compare Liberty Mutual, Geico and Progressive. You would have to spend time on each company’s site and enter your information, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.

Whichever method you choose, ensure you are comparing apples-to-apples coverage limits and deductibles for every company. If you compare different liability limits it’s impossible to determine the best price for your Chevy Malibu.

Tailor your coverage to you

When it comes to choosing the best insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Every insured’s situation is different so this has to be addressed. For example, these questions can help discover if your insurance needs might need professional guidance.

  • Does car insurance cover theft of personal property?
  • Can my teen drive my company car?
  • I don’t drive much so do I pay less?
  • When would I need rental car insurance?
  • Am I getting all the discounts available?
  • Should I sign the liability waiver when renting a car?
  • Am I covered when driving a rental car?
  • Do I need motorclub coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area. It is quick, free and can provide invaluable advice.

Car insurance coverages explained

Understanding the coverages of a car insurance policy aids in choosing the right coverages for your vehicles. Car insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by car insurance companies.

Uninsured or underinsured coverage

This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Chevy Malibu.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Normally these limits are similar to your liability insurance amounts.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, hitting a deer, damage from getting keyed, falling objects and vandalism. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like funeral costs, nursing services, chiropractic care, doctor visits and surgery. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Auto liability insurance

Liability insurance can cover damage that occurs to other people or property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like repair costs for stationary objects, emergency aid and medical expenses. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Auto collision coverage

This coverage covers damage to your Malibu resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as damaging your car on a curb, rolling your car and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Better coverage you can count on

We covered some good ideas how you can compare 2013 Chevy Malibu insurance prices online. It’s most important to understand that the more providers you compare, the better likelihood of reducing your rate. You may even find the lowest rates come from a small local company. Regional companies often have lower prices on specific markets than their larger competitors like Progressive or Geico.

Budget-conscious insurance is definitely available online and with local insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance providers do not offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

Much more information about auto insurance can be found on the following sites: