2010 Chevrolet Malibu Hybrid Insurance Rates – 8 Policy Discounts

Nobody I know anticipates paying for insurance, in particular when they are paying too much.

Lots of auto insurance companies contend for your business, and it can be difficult to compare rates to find the absolute best rate

You need to do rate comparisons yearly because insurance rates are variable and change quite frequently. Just because you had the best premium rates on Malibu Hybrid insurance six months ago other companies may now be cheaper. Forget all the misinformation about insurance because I’m going to teach you the quickest way to save on insurance.

How to lower your car insurance cost

Comparing car insurance rates can take time and effort if you don’t know the easiest way. You can waste hours driving to local insurance agents in your area, or you can stay home and use the internet to get the quickest rates.

Most of the best insurance companies take part in a program where prospective buyers send in one quote, and at least one company returns a competitive quote determined by their information. This eliminates the need for form submissions for each company you want a rate for.

To find out how much you’re overpaying now click here (opens in new window).

One minor caviat to using this type of form is you are unable to specify which insurance companies you want to price. So if you prefer to pick specific insurance companies to compare prices, we have a page of low cost car insurance companies in your area. Click to view list.

Whichever way you use, make sure you compare apples-to-apples coverages and limits on every quote. If each company quotes different data it will be next to impossible to determine the lowest rate for your Chevy Malibu Hybrid. Having just a slight variation in coverages can make a big difference in price. Just keep in mind that comparing more quotes will enable you to find a better price.

Insurance discounts are available to lower your rates

Auto insurance companies don’t list their entire list of discounts in a way that’s easy to find, so we researched both the well known and also the more inconspicuous credits available to lower your premiums when you buy auto insurance online. If you’re not getting every credit available, you are paying more than you should be.

• Discount for Low Mileage – Fewer annual miles on your Chevy could earn discounted prices on garaged vehicles.
• Discounts for Responsible Drivers – Accident-free drivers could pay up to 40% less on Malibu Hybrid insurance compared to accident prone drivers.
• Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off on Malibu Hybrid insurance with some insurance companies.
• Full Payment Discount – If you can afford to pay the entire bill instead of paying each month you can actually save on your bill.
• Auto/Home Discount – If you insure your home and vehicles and place coverage with the same company you will save as much as 10 to 15 percent.
• Early Renewal Discounts – Some insurance companies provide a discount for buying a new policy early. It can save you around 10%.
• Student Discount for Driver Training – Have your child enroll and complete driver’s education as it will make them better drivers and lower rates.
• Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts may get savings of up to 25% or more.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Some only apply to individual premiums such as liability, collision or medical payments. So despite the fact that it appears adding up those discounts means a free policy, you aren’t that lucky.

Popular insurance companies and a partial list of their discounts include:

• State Farm has discounts for anti-theft, Steer Clear safe driver discount, student away at school, Drive Safe & Save, good student, safe vehicle, and passive restraint.
• Farmers Insurance includes discounts for electronic funds transfer, bundle discounts, business and professional, teen driver, pay in full, early shopping, and multi-car.
• Geico may have discounts that include five-year accident-free, anti-theft, driver training, good student, membership and employees, and multi-policy.
• American Family may offer discounts for multi-vehicle, air bags, Steer into Savings, accident-free, early bird, TimeAway discount, and good driver.
• Nationwide has savings for business or organization, good student, family plan, Farm Bureau membership, accident-free, anti-theft, and multi-policy.
• Progressive may include discounts for multi-policy, good student, multi-vehicle, continuous coverage, homeowner, and online signing.

When comparing rates, check with all the companies which discounts you may be entitled to. Some of the discounts discussed earlier may not apply to policyholders in your area. To find insurers that offer multiple discounts, click here to view.

Everyone needs different auto insurance coverages

When it comes to buying the right insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions might help in determining if your situation might need an agent’s assistance.

• What companies insure drivers after a DUI or DWI?
• Is extra glass coverage worth it?
• What are the best liability limits?
• Is business property covered if stolen from my car?
• Which companies will insure high-risk drivers?
• How high should deductibles be on a 2010 Chevy Malibu Hybrid?
• Are my tools covered if they get stolen from my vehicle?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Specifics of your insurance policy

Understanding the coverages of your insurance policy helps when choosing the right coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most insurance policies.

Auto liability insurance – This coverage can cover injuries or damage you cause to people or other property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims such as legal defense fees, medical expenses, court costs, structural damage and funeral expenses. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Collision – This covers damage to your Malibu Hybrid from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a building, crashing into a ditch and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Frequently these limits are set the same as your liablity limits.

Medical payments coverage and PIP – Med pay and PIP coverage pay for short-term medical expenses such as X-ray expenses, doctor visits and dental work. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Comprehensive coverage – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hail damage, hitting a bird and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.