2003 Chevrolet Malibu Insurance Cost – 5 Discounts for Cheaper Prices

Searching for cheaper auto insurance rates for your Chevrolet Malibu? Nobody likes paying for auto insurance, particularly when the prices are way too high.

Insurance companies such as State Farm and Geico continually bombard you with fancy advertisements and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

It’s a good idea to compare prices occasionally because rates go up and down regularly. Just because you had the best deal on Malibu insurance on your last policy there is a good chance you can find better prices now. Ignore everything you know about auto insurance because I’m going to teach you the fastest and easiest way to save on auto insurance.

How to compare insurance coverage rate quotes

Effectively comparing insurance coverage prices is a ton of work if you don’t utilize the fastest way to get free quotes. You can waste a few hours (or days) driving to insurance agencies in your area, or you could save time and use the internet to get the quickest rates.

Many popular insurance companies belong to an insurance system that enables customers to complete one form, and each company then returns a price quote determined by their information. This eliminates the need for quotation requests for each company.

To find out how much you can save on insurance coverage click here to open in new window.

The one disadvantage to comparing rates this way is you cannot specify the providers you want pricing from. If you prefer to choose individual companies to request quotes from, we have a listing of the cheapest insurance coverage companies in your area. Click here to view list.

Take whichever approach you prefer, but be sure you’re using nearly identical deductibles and coverage limits for every quote you compare. If you use higher or lower deductibles you can’t possibly decipher which rate is best. Just slight variations in limits could throw off the whole comparison. Just keep in mind that more quotes helps locate more affordable rates.

Do you really save 40% when you switch?

Well-known insurance coverage companies like Progressive, Geico, Allstate and State Farm endlessly run television, radio, and online ads. All the ads convey the message about savings just by moving your insurance coverage policy to them. How does every insurance coverage company make the same claim? It’s all in the wording.

Insurance providers have specific characteristics for the type of customer that earns them a profit. For instance, this type of driver may be a mature driver, has a clear driving record, and has excellent credit. A customer that meets those criteria will probably get cheap premium rates and have a good chance to save when switching.

Insureds who don’t measure up to these stringent criteria will probably have to pay a higher rate which leads to the customer buying from a different company. The wording the ads use say “customers that switch” but not “all drivers who get quotes” save that much money. This is how insurance companies can confidently make it sound like they have such great premium rates.

Because of these techniques, drivers must compare free auto insurance quotes often. It’s impossible to know which insurance coverage company will give you lower car insurance rates than your current company.

Get cheap insurance quotes with discounts

Insurance is not inexpensive, but there may be some discounts that many people don’t even know exist. Many of these discounts will be applied automatically when you quote, but some discounts are required to be specifically requested in order for you to get them.

  • Air Bags and Passive Restraints – Factory options such as air bags can get savings of more than 20%.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.
  • Bundled Policy Discount – If you can bundle your homeowners and auto insurance with one company you could get a discount of nearly 15% which can help you find inexpensive auto insurance.
  • Accident Waiver – Not necessarily a discount, but companies like Libery Mutual, Geico and Allstate permit an accident without the usual rate increase if you are claim-free for a set time period.
  • Home Ownership Discount – Owning a home may earn you a small savings due to the fact that maintaining a home requires a higher level of personal finance.

It’s important to note that some credits don’t apply to the entire cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though you would think you can get free auto insurance, companies wouldn’t make money that way.

To see a list of insurance companies who offer online insurance quotes, click here to view.

Tailor your car insurance coverage to you

When buying the best car insurance coverage for your vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions may help highlight whether or not you could use an agent’s help.

  • Is pleasure use cheaper than using my 2003 Chevy Malibu to commute?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered if I hit a deer?
  • Am I covered when driving on a suspended license?
  • Am I covered if I crash into my own garage door?
  • Why do I need rental car insurance?
  • Do I benefit by insuring my home with the same company?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Car insurance specifics

Understanding the coverages of car insurance can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most car insurance policies.

Uninsured or underinsured coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are set the same as your liablity limits.

Collision coverages – This coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like backing into a parked car, hitting a parking meter, sideswiping another vehicle, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive protection – This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as hail damage, rock chips in glass and fire damage. The highest amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability car insurance – This will cover damages or injuries you inflict on a person or their property in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things such as emergency aid, structural damage, bail bonds, medical services and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for immediate expenses like dental work, pain medications, EMT expenses, ambulance fees and doctor visits. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

And the best car insurance company is…

In this article, we presented quite a bit of information on how to lower your 2003 Chevy Malibu insurance rates. It’s most important to understand that the more you quote auto insurance, the better your chances of lowering your car insurance rates. Consumers may even find the most savings is with a small local company. Smaller companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.

When searching for cheap auto insurance quotes, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, someone dropped liability limits or collision coverage only to find out that they should have had better coverage. Your aim should be to purchase a proper amount of coverage at the best cost but still have enough coverage for asset protection.

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