Lower Your 2014 Chevrolet Malibu Car Insurance Rates

Are you drained from paying out the nose to insure your Chevy every month? Your situation is no different than the majority of other drivers.

Drivers have so many auto insurance companies to pick from, and though it is a good thing to have a choice, it can be more difficult to compare company pricing.

Buying car insurance is not that difficult. If you have car insurance now, you will be able to cut costs considerably using these techniques. But car owners do need to understand how insurance companies compete online because it can help you find the best coverage.

How to compare auto insurance rate quotes

There are a variety of methods you can shop for auto insurance but some are more efficient than others. You can waste a lot of time driving to insurance companies in your area, or you could use the internet to maximize your effort.

Most of the larger companies belong to an insurance system that allows shoppers to complete one form, and every company can give them a price. This prevents consumers from doing form submissions for each company.

To compare rates using this form now click to open in new window.

The single downside to comparing rates this way is buyers cannot specifically choose which companies you want pricing from. If you wish to select specific providers to compare, we have assembled a list of the cheapest auto insurance companies in your area. Click to view list.

How you compare quotes is your choice, just do your best to enter equivalent quote information for each quote you get. If you enter unequal deductibles or liability limits it’s not possible to make a fair comparison for your Chevy Malibu. Slightly different limits can make a big difference in price. And when price shopping your coverage, comparing more company’s prices will improve the odds of getting a lower rate.

Get cheaper rates with these discounts

Some insurance providers don’t always list all their discounts in a way that’s easy to find, so we took the time to find some of the best known as well as the least known savings tricks you should be using when you buy insurance coverage online.

  • E-sign Discounts – Certain insurance coverage companies will give a small break for signing up on their website.
  • No Claims – Good drivers with no accidents have much lower rates in comparison to policyholders that have many claims.
  • Discount for Multiple Policies – If you can bundle your homeowners and auto insurance with the same company they may give you a discount of 10% to 20% off each policy.
  • Membership in Organizations – Having an affiliation with specific professional or occupational memberships or organizations could trigger savings on your bill.
  • Discount for Life Insurance – If the company offers life insurance, you could get a lower insurance coverage rate if you buy some life insurance in addition to your auto policy.
  • Data Collection Discounts – Insureds who allow their insurance coverage company to study driving patterns through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction as long as the data is positive.
  • Service Members Pay Less – Being deployed with a military unit could trigger a small discount.
  • Discount for Home Ownership – Owning your own home or condo can save you money because maintaining a house shows financial diligence.
  • ABS and Traction Control Discounts – Cars with ABS and/or traction control have fewer accidents and earn discounts up to 10%.
  • Discount for Swiching Early – Some insurance coverage companies provide a discount for switching to them early. Ten percent is about the average savings.

Remember that many deductions do not apply the the whole policy. Most cut specific coverage prices like comp or med pay. Despite the appearance that adding up those discounts means a free policy, you won’t be that lucky.

A list of insurance coverage companies and some of the premium reductions they offer can be found below.

  • Farm Bureau has savings for 55 and retired, multi-vehicle, good student, multi-policy, renewal discount, and driver training.
  • Liberty Mutual offers discounts including multi-car, preferred payment discount, good student, hybrid vehicle, and multi-policy.
  • State Farm may have discounts that include defensive driving training, multiple policy, passive restraint, driver’s education, and anti-theft.
  • Auto-Owners Insurance offers discounts for multiple vehicles, air bags, multi-policy, safe driver, student away at school, and company car.
  • Geico discounts include air bags, federal employee, good student, driver training, anti-theft, and anti-lock brakes.
  • SAFECO may offer discounts for bundle discounts, anti-theft, drive less, teen safety rewards, anti-lock brakes, and teen safe driver.

When comparing rates, check with every company how you can save money. A few discounts might not be offered on policies in your area. To locate insurance coverage companies who offer online insurance coverage quotes, follow this link.

Insurance can be complex

When choosing proper insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions may help highlight whether your personal situation might need professional guidance.

  • I don’t drive much so do I pay less?
  • When should I not file a claim?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is a blown tire covered by insurance?
  • Is pleasure use cheaper than using my 2014 Chevy Malibu to commute?
  • What happens if I owe more than my 2014 Chevy Malibu is worth?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area.

Smart buyers know how to buy car insurance more affordably

Lots of things are used when quoting car insurance. Most are fairly basic such as your driving record, but other criteria are not quite as obvious such as your marital status and annual miles driven.

The itemized list below are a few of the “ingredients” used by insurance companies to determine premiums.

  • Bump up comp and collision deductibles to lower rates – The deductibles are the amount of money you are willing to pay if the claim is covered. Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some instances where coverage would apply are collision with another vehicle, vandalism, and damage caused by road hazards. The more money the insured has to pay upfront, the lower your rates will be on Malibu coverage.
  • Improve your credit rating and save – An insured’s credit score is a big factor in your rate calculation. Therefore, if your credit score leaves room for improvement, you could potentially save money when insuring your 2014 Chevrolet Malibu by repairing your credit. Consumers who have very high credit ratings tend to be more responsible than those with worse credit.
  • Choose high IIHS safety ratings and save – Cars with five star safety ratings tend to have better insurance rates. Highly rated vehicles have better occupant injury protection and better occupant protection means your insurance company pays less and more competitive rates for policyholders. If your Chevy Malibu has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • An active claims history can cost you more – Car insurance companies award most affordable rates to policyholders who are claim-free. If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Auto insurance is intended for claims that pose a financial burden.

Misconceptions in insurance advertisements

Insurance companies such as Allstate and Progressive constantly bombard you with television and radio advertisements. They all seem to make an identical promise about savings if you get a free insurance coverage quote and switch to their company. How does every company give you a better price? It’s all in how they say it.

All companies have a preferred profile for the type of driver that will be a good risk. For example, a desirable insured may be a married female, carries high limits, and drives less than 10,000 miles a year. Someone who fits that profile will get very good rates and most likely will pay quite a bit less when switching companies.

Potential insureds who do not match this stringent profile will see higher rates which leads to the customer buying from someone else. Company advertisements say “customers that switch” not “everyone that quotes” can save as much as they claim. That’s why companies can make claims that they all have the best rates. Because of these techniques, you absolutely need to compare quotes as often as possible. Because you never know which company will be your best fit.

Information about specific coverages

Having a good grasp of your auto insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages offered by auto insurance companies.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for expenses for EMT expenses, funeral costs, surgery and doctor visits. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision protection

This coverage covers damage to your Malibu resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a parking meter, damaging your car on a curb, sideswiping another vehicle, colliding with another moving vehicle and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Liability

This can cover damage that occurs to other’s property or people in an accident. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as structural damage, repair bills for other people’s vehicles, pain and suffering and attorney fees. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Chevy Malibu.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive coverage

This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as a broken windshield, theft, hitting a deer and damage from getting keyed. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Shop smart and save

As you quote insurance coverage, it’s very important that you do not skimp on coverage in order to save money. In too many instances, someone sacrificed uninsured motorist or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your objective should be to purchase plenty of coverage at the lowest possible cost.

We’ve covered a lot of tips how to reduce 2014 Chevy Malibu insurance rates online. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even discover the lowest priced insurance comes from an unexpected company. These smaller insurers may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as Progressive or Geico.

Discount 2014 Chevy Malibu insurance is definitely available online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies don’t offer the ability to get a quote online and many times these regional insurance providers only sell coverage through independent agents.

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