2014 Chevrolet Malibu Insurance Cost

Trying to find better car insurance rates for your Chevrolet Malibu? Scraping up a payment for overpriced Chevrolet Malibu insurance can dwindle your personal savings and put a big crunch on your finances. Comparing price quotes is free and is an excellent way to lower your monthly bill.

Big companies like Allstate, Progressive and Geico continually bombard you with catchy ads and it is challenging if not impossible to separate fact from fiction and do the work needed to find the best deal.

If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these tips. Finding affordable coverage is not that difficult. Although car owners benefit from understanding the way insurance companies sell insurance online and use this information to your advantage.

Insurance Coverage Comparison Rates

All major insurance coverage companies like Progressive, Geico, Allstate and State Farm provide prices on the web. Obtaining pricing is pretty easy as you just enter the coverages you want into the quote form. After the form is submitted, the system gets your credit score and driving record and gives you a price quote based on these factors. Being able to quote online simplifies rate comparisons, but the time it takes to visit multiple sites and type in the same information can get tiresome after awhile. But it’s absolutely necessary to perform this step in order to find lower prices.

The easiest way to get multiple rate quotes utilizes a single form to return rates from many companies. It’s a real time-saver, requires less work, and makes online price comparison much easier to do. Immediately after submitting the form, it gets priced and you can select any or none of the price quotes you receive. If a lower price is quoted, you can click and sign and purchase coverage. The whole process takes 15 minutes at the most and may save quite a bit of money.

To use this form to compare rates, click here and begin entering your coverage information. If you have coverage now, it’s recommended you replicate the insurance coverages just like they are on your policy. This guarantees you will get comparison quotes based on similar coverages.

Save money by taking advantage of these discounts

Companies don’t always publicize all available discounts in an easy-to-find place, so the following is a list of some of the more common and the more hidden discounts you could be receiving.

  • Theft Prevention System – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Military Discounts – Being deployed with a military unit could be rewarded with lower premiums.
  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Paperless Signup – A handful of insurance companies will give a small break just for signing your application over the internet.
  • Resident Student – Children who live away from home and don’t have a car may qualify for this discount.
  • Low Mileage Discounts – Fewer annual miles on your Chevy can qualify you for better rates on cars that stay parked.
  • Accident Forgiveness – A handful of insurance companies will forgive one accident before raising your premiums if you are claim-free for a certain period of time.
  • Save over 55 – Mature drivers can possibly qualify for a discount up to 10% on Malibu coverage.

Drivers should understand that some of the credits will not apply to your bottom line cost. Most only reduce specific coverage prices like medical payments or collision. Just because it seems like it’s possible to get free car insurance, you won’t be that lucky.

For a list of providers who offer car insurance discounts, follow this link.

When should I use an insurance agent?

When it comes to buying coverage, there isn’t really a “best” method to buy coverage. Every situation is different so this has to be addressed. Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.

  • Am I covered if I hit my neighbor’s mailbox?
  • Is my trailer covered?
  • What exactly is covered by my policy?
  • Can I still get insurance after a DUI?
  • Is rental equipment covered for theft or damage?
  • Are my friends covered when driving my 2014 Chevy Malibu?
  • Do I need higher collision deductibles?
  • When should I not file a claim?
  • Is my dog or cat covered if injured in an accident?
  • If I drive on a suspended license am I covered?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Some factors that can determine what Chevy Malibu insurance costs

It’s important that you understand the rating factors that come into play when calculating your insurance rates. When you know what positively or negatively determines base rates enables informed choices that may reward you with big savings.

The list below includes some of the items insurance companies consider when setting rates.

  • Older drivers save more – Youthful drivers are statistically proven to be careless and easily distracted in a vehicle so they pay higher insurance rates. Mature drivers are more cautious drivers, tend to cause fewer accidents and are safer drivers.
  • Tickets mean higher rates – Good drivers have lower premiums than people who have multiple driving citations. Even a single speeding ticket can increase rates by as much as thirty percent. Drivers who get severe violations such as DWI, reckless driving or hit and run convictions may be required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • What are your deductibles? – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Chevy. Some instances where coverage would apply would be running into the backend of another car, vandalism, and rolling your vehicle. Physical damage deductibles are how much you are required to spend before a claim is paid by your company. The more money you are required to pay out-of-pocket, the bigger discount you will receive on Malibu coverage.
  • An active claims history can cost you – If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Auto insurance companies award discounts to insureds who do not file claims often. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Extra coverages can waste money – There are a ton of additional coverages you can purchase on your Malibu policy. Insurance for roadside assistance, better glass coverage and motor club memberships are examples of these. They may seem like a good idea at first, but if you don’t need them eliminate the coverages to reduce your premium.
  • Do you qualify for a multi-policy discount? – Most insurance companies give discounts to customers who have multiple policies with them. It’s known as a multi-policy discount. This can amount to 10 percent or more. If you currently are using one company, you may still want to compare rates to confirm you are receiving the best rates possible.
  • Rates may be lower depending on your job – Occupations like real estate brokers, architects and accountants tend to pay higher rates than average because of high stress levels and lots of time spent at work. On the flip side, occupations such as scientists, athletes and the unemployed have the lowest average rates on Malibu coverage.

Detailed coverages of your auto insurance policy

Having a good grasp of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverage types found on the average auto insurance policy.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for hospital visits, pain medications, EMT expenses and nursing services. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as scraping a guard rail, rolling your car and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Comprehensive protection

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hail damage, a broken windshield and fire damage. The most your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2014 Chevy Malibu.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Auto liability insurance

Liability insurance will cover damage that occurs to other people or property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for things like repair bills for other people’s vehicles, funeral expenses and bail bonds. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Be a smart shopper

As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, someone sacrificed liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to find the BEST coverage at an affordable rate, not the least amount of coverage.

Cheap 2014 Chevy Malibu insurance can be purchased on the web in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance coverage companies do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

Additional information