Compare 2015 Chevrolet Malibu Insurance Rates

Searching for budget-priced insurance can seem to be somewhat difficult for people not familiar with buying insurance online. With so many agents and insurance companies available, how can drivers be able to compare each option to find lower insurance premiums?

It’s smart to get comparison quotes occasionally because prices change quite often. Even if you think you had the lowest quotes for Malibu coverage two years ago you may be paying too much now. Block out anything you think you know about insurance because you’re about to learn the things you must know in order to save money, get proper coverage and the best rates.

Find hidden discounts on car insurance

Some providers don’t always advertise all disounts very clearly, so the following is a list of some of the best known and the more hidden discounts you could be receiving when you buy car insurance online.

  • Good Student Discount – This discount can earn a discount of 20% or more. Many companies even apply the discount to college students until age 25.
  • Multi-line Discount – Select companies reward you with a lower rate if you buy life insurance.
  • Theft Prevention System – Cars equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • Low Mileage Discounts – Keeping the miles down on your Chevy could qualify for cheaper car insurancerates.
  • Homeowners Discount – Owning a house may trigger a policy discount on car insurance because of the fact that having a home means you have a higher level of financial diligence.
  • Drivers Ed for Students – Require your teen driver to sucessfully take a drivers education course if it’s offered in school.
  • Distant Student – College-age children who are attending college and do not take a car to college could get you a discount.
  • Bundle and Save – If you combine your home and auto policies and insure them both with the same insurance company they may give you a discount of as much as 10 to 15 percent.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.
  • Organization Discounts – Having an affiliation with certain professional organizations could earn you a nice discount on your bill.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, you won’t be that lucky.

A few popular companies and some of the premium reductions they offer include:

  • Progressive offers discounts including online signing, continuous coverage, multi-vehicle, homeowner, multi-policy, good student, and online quote discount.
  • SAFECO may offer discounts for safe driver, teen safe driver, drive less, teen safety rewards, and homeowner.
  • American Family offers discounts for bundled insurance, mySafetyValet, good student, Steer into Savings, defensive driver, and TimeAway discount.
  • MetLife has savings for multi-policy, claim-free, good driver, defensive driver, and accident-free.
  • Geico has discounts for five-year accident-free, defensive driver, federal employee, military active duty, multi-vehicle, and multi-policy.
  • The Hartford discounts include driver training, air bag, anti-theft, defensive driver, good student, and bundle.

Before you buy a policy, ask each insurance company which credits you are entitled to. Depending on the company, some discounts might not be available to policyholders in your state.

Cheap insurance quotes

To find the best insurance prices, there are several ways to compare prices from all the different companies. The simplest method to comparison shop is simply to get online rate quotes. This can be done in a couple of different ways.

  • The most efficient method to get quotes is a comparison rater form click here to open form in new window. This type of form keeps you from doing boring form submissions for each company. Completing one form gets insurance cost estimates instantly.It’s the quickest way to get rates.
  • Another way to find better pricing is spending the time to visit the website of each company and fill out their own quote form. For sake of this example, let’s say you want to get rates from Farmers, Liberty Mutual and State Farm. You would have to visit each site to input your insurance information, which explains why we recommend starting with the first method. For a handy list of car insurance company links in your area, click here.
  • The final method to do your price quoting is to waste gas driving to insurance agents’ offices. Doing it all online has reduced the need for local agents unless you have a need for the professional guidance that you can only get from talking to an agent. Although you can get prices online but still have the advice of a local agent.

However you get your quotes, do your best to use apples-to-apples quote information with every price quote. If each company quotes different values for each quote it will be nearly impossible to determine which rate is truly the best. Just a small difference in coverages could mean much higher rates. And when quoting insurance, remember that comparing more quotes increases the change that you will find more affordable rates.

Tailor your insurance coverage to you

When buying coverage, there is no cookie cutter policy. Each situation is unique.

For instance, these questions might help in determining if you might need professional guidance.

  • What exactly is covered by my policy?
  • Do I benefit by insuring my home with the same company?
  • Am I covered if I crash into my own garage door?
  • Do I need rental car coverage?
  • Is my Chevy Malibu covered if I use it for business?
  • How many claims can I have before being cancelled?
  • Is my state a no-fault state?
  • Do I need added coverage for expensive stereo equipment?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form.

Auto insurance coverages

Learning about specific coverages of a auto insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage – This provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your Chevy Malibu.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages are set the same as your liablity limits.

Liability auto insurance – This protects you from damages or injuries you inflict on people or other property that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things such as court costs, emergency aid and pain and suffering. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Collision coverage – This pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as hitting a mailbox, driving through your garage door, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Comprehensive coverage – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like a tree branch falling on your vehicle, vandalism and fire damage. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for expenses such as funeral costs, pain medications and EMT expenses. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Be Smart and Buy Smart

You just read many ways to compare 2015 Chevy Malibu insurance rates online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your car insurance rates. Consumers could even find that the biggest savings come from a smaller regional carrier.

Insureds switch companies for any number of reasons including being labeled a high risk driver, high prices, an unsatisfactory settlement offer or denial of a claim. No matter why you want to switch, switching companies is easier than you think.

When shopping online for auto insurance, you should never reduce needed coverages to save money. Too many times, drivers have reduced liability limits or collision coverage only to regret at claim time that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

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