How Much Does 1998 Chevrolet Malibu Car Insurance Cost?

Searching for the cheapest car insurance rates for your Chevrolet Malibu? Have you had enough of sacrificing other expenses to pay high car insurance rates every month? You have the same problem as many other people. Due to the large number of online and local companies to choose from, it’s difficult to choose the most cost effective car insurance company.

Finding the best rates is easy if you know what you’re doing. If you have a current auto insurance policy or are shopping for new coverage, you can use these techniques to cut your premiums while maintaining coverages. Vehicle owners just need to understand the most effective way to compare rates on the web.

How to find cheap insurance coverage

Cutting your insurance coverage rates can be quick and easy. You just have to take a couple of minutes to compare free auto insurance quotes from online providers. Shoppers can get rates using a couple different methods.

1. The simplest way to compare a lot of rates at once is to use a rate comparison form click here to open form in new window. This method prevents you from having to do separate quote forms for every insurance coverage company. A single form gets coverage cost estimates from all major companies.
2. A more time consuming way to get comparison quotes is spending the time to visit each company’s website and request a quote. For example, we’ll assume you want to get rates from Liberty Mutual, Geico and GMAC. To get rate quotes you would need to visit each site to input your insurance information, and that’s why the first method is more popular.

   For a list of links to companies insuring cars in your area, click here.

Whichever method you choose, make darn sure you compare equivalent coverage limits and deductibles for each quote you get. If you have different coverage information then you won’t be able to make a fair comparison for your Chevy Malibu.

Find discounts on insurance coverage

Auto insurance companies don’t always advertise every policy discount very well, so the list below details some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy auto insurance online.

• Policy Bundle Discount – If you combine your home and auto policies with one company you may earn at least 10 to 15 percent or more.
• Federal Employees – Active or retired federal employment can save as much as 8% on Malibu coverage with select insurance companies.
• Passive Restraints – Vehicles equipped with air bags can qualify for discounts as much as 30%.
• Anti-lock Brake Discount – Anti-lock brake equipped vehicles can reduce accidents so companies give up to a 10% discount.
• Save with More Vehicles Insured – Buying a policy with all your vehicles on the same insurance coverage policy may reduce the rate for each vehicle.
• Distant College Student Discount – Any of your kids living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.

Don’t be surprised that most discount credits are not given to all coverage premiums. A few only apply to individual premiums such as comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

To find insurance coverage companies who offer insurance coverage discounts, click this link.

How your Malibu insurance rates are determined

The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that play a part in calculating auto insurance rates. If you know what controls the rates you pay, this allows you to make good choices that may result in lower premium levels. Many factors are used when pricing auto insurance. Some of the criteria are obvious like your driving record, although some other factors are more obscure like where you live or how financially stable you are.

The items below are a partial list of the pieces auto insurance companies consider when setting prices.

• Careless driving means higher costs – Drivers who don’t get tickets pay lower auto insurance prices compared to bad drivers. Getting just one speeding ticket or other violation could increase your next policy renewal by as much as twenty percent. People who have serious violations such as DUI, reckless driving or excessive speeding may need to submit a SR-22 or proof of financial responsibility with their state in order to legally drive.
• Drivers with good credit save on auto insurance – Having a bad credit rating will be a significant factor in determining what you pay. Insureds with very high credit ratings tend to be better drivers and file fewer claims than those with bad credit. If your credit history can use some improvement, you could potentially save money when insuring your 1998 Chevrolet Malibu if you improve your credit rating.
• Safer vehicles cost less to insure – Vehicles with high crash test scores can get you lower premiums. These vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries means lower claim amounts and more competitive rates for policyholders.
• Your address can push rates up or down – Living in a small town is a positive aspect if you are looking for the lowest rates. People in densly populated areas tend to have more road rage incidents and longer commutes to work. Fewer drivers translates into fewer accident claims in addition to lower liability claims

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Every insured’s situation is different so this has to be addressed. For example, these questions might help in determining whether or not you may require specific advice.

• What is no-fault insurance?
• Can I afford low physical damage deductibles?
• What vehicles should carry emergency assistance coverage?
• Which is better, split liability limits or combined limits?
• Is my Chevy Malibu covered if I use it for business?
• Does my car insurance cover rental cars?
• Is my 1998 Chevy Malibu covered for flood damage?
• When does my teenage driver need to be added to my policy?
• What can I do if my company won’t pay a claim?

If you can’t answer these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Coverages available on your policy

Having a good grasp of a car insurance policy can be of help when determining the best coverages for your vehicles. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on most car insurance policies.

Liability

This protects you from damages or injuries you inflict on other’s property or people. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for claims such as bail bonds, medical expenses and attorney fees. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants 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 is a good idea.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for bills like prosthetic devices, dental work and rehabilitation expenses. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like hail damage, damage from flooding, theft, falling objects and hitting a deer. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision insurance

This will pay to fix damage to your Malibu resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like scraping a guard rail, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Take this to the bank

As you go through the steps to switch your coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced physical damage coverage and found out when filing a claim they didn’t have enough coverage. Your goal is to purchase a proper amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

The cheapest 1998 Chevy Malibu insurance is available from both online companies and with local insurance agents, so you need to shop auto insurance with both to get a complete price analysis. Some insurance providers may not have the ability to get quotes online and these regional insurance providers work with independent insurance agencies.

Additional articles

• State Laws for Cellphones and Texting (iihs.org)
• Help Your Teen Be a Better Driver (State Farm)
• Tools for Teen Driving Safety (State Farm)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Alcohol Impaired Driving FAQ (iihs.org)
• Car Insurance: When not to Skimp (BankRate.com)