Save on 2008 Chevrolet Malibu Classic Insurance Cost

Shoppers have many options when shopping for low-cost Chevy Malibu Classic insurance. You can either spend your time driving around to get rate comparisons or utilize the internet to compare rates. There is a right way and a wrong way to shop for car insurance and we’ll show you the absolute fastest way to compare rates on a Chevy and obtain the lowest possible price.

The best way we recommend to compare car insurance rates takes advantage of the fact most larger insurance companies participate in a system to give rate comparisons. To begin a comparison, all you need to do is give them rating details like daily mileage, if the car is leased, your credit rating estimate, and driver ages. Your information gets transmitted to many different companies and they return cost estimate quickly.

These discounts can cut car insurance rates

Insurance can cost an arm and a leg, but there may be some discounts to help offset the cost. A few discounts will automatically apply when you purchase, but once in a while a discount must be manually applied before they will apply. If you do not double check each discount you deserve, you could be saving more on your car insurance.

  • Data Collection Discounts – Drivers who agree to allow driving data submission to analyze driving patterns remotely such as Progressive’s Snapshot could see a rate decrease if they show good driving skills.
  • Distant Student – Kids who are enrolled in a college that is more than 100 miles from home and don’t have a car may qualify for this discount.
  • Paper-free Discount – A handful of larger companies provide a small discount get car insurance on your computer.
  • Anti-lock Brakes – Vehicles with ABS and/or traction control prevent accidents so companies give up to a 10% discount.
  • Air Bag Discount – Factory air bags may get savings as much as 30%.

Keep in mind that most discount credits are not given to the entire policy premium. Most only reduce the cost of specific coverages such as comp or med pay. Just because it seems like you would end up receiving a 100% discount, companies don’t profit that way.

Companies that may offer these money-saving discounts include:

If you are trying to find cheap car insurance quotes, ask all companies you are considering which discounts you qualify for. Savings may not apply to policies in your area. To see a list of companies who offer cheap car insurance quotes, follow this link.

When do I need an agent’s advice?

When it comes to choosing coverage for your personal vehicles, there is no single plan that fits everyone. Every situation is different.

For example, these questions may help you determine if your situation will benefit from professional help.

  • Is my 2008 Chevy Malibu Classic covered for smoke damage?
  • Does coverage extend to Mexico or Canada?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is rental equipment covered for theft or damage?
  • When should I buy a commercial auto policy?
  • Can I rent a car in Mexico?
  • Are my friends covered when driving my 2008 Chevy Malibu Classic?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Components of your Chevy Malibu Classic insurance prices

Many factors are used in the calculation when you quote your car insurance policy. Most are fairly basic such as your driving record, but other criteria are more obscure such as your marital status and annual miles driven.

  • Marriage can save on insurance – Having a significant other can get you a discount when buying insurance. Having a significant other may mean you are less irresponsible and it’s proven that married couples file fewer claims.
  • Policy claims cost money – If you file claims often, you can pretty much guarantee increased rates or even have your policy non-renewed. Companies award the lowest premiums to drivers who only file infrequent claims. Your insurance policy is designed for claims that pose a financial burden.
  • City dwellers may pay more – Residing in smaller towns and rural areas of the country can be a good thing when insuring your vehicles. Drivers in populated areas tend to have more traffic problems and longer commute times. Fewer drivers and short commutes translates into fewer accidents and a lower car theft rate.
  • Bundle policies with the same company – Many insurers apply discounts for people who consolidate policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, you may still want to compare other company rates to make sure you are getting the best deal.

Do you really save 40% when you switch?

Drivers constantly see and hear ads that promise big savings for switching by companies like 21st Century, Allstate and State Farm. They all advertise claims that people will save if you just switch your insurance policy to them.

How can each company save you money? You have to listen carefully.

Many companies can use profiling for the driver that makes them money. One example of a preferred risk could be between the ages of 30 and 50, has a low-risk occupation, and has great credit. Anyone that fits those parameters will probably get cheap rates and will most likely save quite a bit of money when switching.

People who do not fit the ideal profile will have to pay higher premium rates which usually ends up with business not being written. If you listen closely, the ads state “customers who switch” not “everyone who quotes” save that much. This is how companies can make the claims of big savings. Because each company has a different risk profile, it’s extremely important to compare free car insurance quotes often. It is impossible to guess the company that will have the best prices at this point in time.

Specifics of your auto insurance policy

Having a good grasp of your auto insurance policy helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Auto collision coverage

Collision insurance pays for damage to your Malibu Classic resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as scraping a guard rail, colliding with another moving vehicle and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive protection

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, hitting a deer, damage from a tornado or hurricane and falling objects. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability insurance

This will cover damage or injury you incur to people or other property that is your fault. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims like repair costs for stationary objects, attorney fees, pain and suffering, structural damage and legal defense fees. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Uninsured or underinsured coverage

This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Chevy Malibu Classic.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as rehabilitation expenses, doctor visits, prosthetic devices and nursing services. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Take this to the bank

When buying insurance coverage, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced liability limits or collision coverage and found out when filing a claim that it was a big error on their part. Your goal is to purchase plenty of coverage at the best price.

We just showed you a lot of ways to lower your 2008 Chevy Malibu Classic insurance rates. The most important thing to understand is the more companies you get car insurance rates for, the higher your chance of finding cheaper car insurance. You may be surprised to find that the lowest rates come from the least-expected company.

Drivers change insurance companies for a number of reasons such as lack of trust in their agent, policy cancellation, delays in responding to claim requests or even extreme rates for teen drivers. Regardless of your reason for switching companies, finding a new company is less work than it seems.

Additional detailed information can be found at these sites: