2016 Chevrolet Malibu Limited Car Insurance Cost – 10 Savings Tips

Have you finally had enough of wondering where the money will come from to pay high auto insurance rates every month? You are no different than many other drivers.

Because you have many options, it can be hard to pick the most cost effective auto insurance provider.

Cheaper rates by getting these ten discounts

Insuring your vehicles can cost a lot, but you may find discounts that may help make it more affordable. Certain credits will be shown at quote time, but a few need to be asked about in order for you to get them. If you’re not getting every credit you deserve, you may be paying too high a price.

  • Discounts for Good Drivers – Drivers without accidents can save up to 40% or more on their insurance quote on Malibu Limited coverage than drivers with accident claims.
  • 55 and Retired – Mature drivers are able to get a discount up to 10% on Malibu Limited coverage.
  • Braking Control Discount – Cars equipped with ABS or steering control can avoid accidents so you can save 10 percent or more.
  • Theft Prevention Discount – Vehicles optioned with advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
  • Air Bag Discount – Options like air bags and/or automatic seat belt systems may earn rate discounts of 25 to 30%.
  • Auto/Home Discount – If you can combine your auto and home policy with the same company you could save nearly 15% which can help you find affordable insurance.
  • Defensive Driving Course – Taking time to complete a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
  • Club Memberships – Belonging to certain professional organizations is a simple method to lower premiums on your next auto insurance statement.
  • Drive Less and Save – Driving less could qualify for substantially lower auto insurancerates.
  • Good Grades Discount – Getting good grades may save as much as 25% on a insurance quote. The discount lasts until age 25.

Consumers should know that some of the credits will not apply to your bottom line cost. Most cut individual premiums such as collision or personal injury protection. Even though the math looks like you can get free auto insurance, company stockholders wouldn’t be very happy.

To locate insurance companies that provide some of the discounts listed above, click here.

Your auto insurance coverage should be tailored to you

When choosing coverage for your vehicles, there really is no cookie cutter policy. Everyone’s needs are different so your insurance should reflect that These are some specific questions can aid in determining whether or not you might need professional guidance.

  • Do I need added coverage for expensive stereo equipment?
  • Am I covered when driving a rental car?
  • How much liability coverage do I need in my state?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Who is covered when they drive my 2016 Chevy Malibu Limited?
  • When should I drop full coverage on my 2016 Chevy Malibu Limited?
  • Where can I get insurance after a DUI in my state?
  • How does medical payments coverage work?
  • Is my Chevy Malibu Limited covered if I use it for business?
  • Does my medical payments coverage pay my health insurance deductible?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Do insurance companies bend the truth?

Big name companies like Allstate and Progressive constantly bombard you with ads in print and on television. They all seem to make the promise about savings just by moving your coverage. Is it even possible that every company can charge you a lower premium? Here is how they do it.

Insurance providers have an ideal profile for the type of driver that makes them money. For example, a profitable risk profile might be described as between 30 and 50, has a low-risk occupation, and does not commute to work. Anyone who fits those characteristics will get a cheap rate quote and have a good chance to save when they switch companies.

Potential insureds who are not a match for these criteria may receive a more expensive rate with the end result being the prospect going elsewhere. If you listen to the ad wording, they say “people that switch” not “everyone that quotes” save that kind of money. This is how companies can truthfully lure you into getting a quote. Different companies use different criteria so you need to compare as many free insurance quotes as you can. It is impossible to predict the company that will give you the biggest savings.

The coverage is in the details

Having a good grasp of a insurance policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages available from insurance companies.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, fire damage and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages

This coverage protects you from damage that occurs to people or other property by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as court costs, repair bills for other people’s vehicles and medical services. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Collision protection

This coverage will pay to fix damage to your Malibu Limited from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as scraping a guard rail, crashing into a building, damaging your car on a curb and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2016 Chevy Malibu Limited.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for expenses for ambulance fees, prosthetic devices, doctor visits and rehabilitation expenses. They are utilized in addition to your health insurance program or if you lack health insurance entirely. They cover you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

One last thing about your coverage

When you buy insurance online, it’s not a good idea to buy poor coverage just to save money. There are many occasions where an insured dropped liability coverage limits to discover at claim time that it was a big error on their part. Your goal is to purchase a proper amount of coverage at the best possible price, but do not sacrifice coverage to save money.

We just showed you some good ideas how you can lower your 2016 Chevy Malibu Limited insurance prices. It’s most important to understand that the more quotes you get, the better your comparison will be. Drivers may discover the most savings is with some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.

Lower-priced insurance is attainable on the web and also from your neighborhood agents, so you need to quote insurance with both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and many times these regional insurance providers work with independent agents.

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