2001 Chevrolet Malibu Insurance Quotes

Have you had enough of sacrificing other expenses to insure your Chevy every month? You have the same problem as many other consumers. Lots of insurance companies contend to insure your vehicles, so it can be very hard to choose a insurance company and get the best coverage at the best rate

If you are insured now or are looking for a new policy, you can use this information to reduce the price you pay and possibly find even better coverage. Buying car insurance is quite easy. Consumers just need to learn the best way to buy insurance online.

The most recommended method to compare insurance rates from multiple companies is to know all the major auto insurance companies actually pay money for the chance to compare their rates. All you need to do is spend a couple of minutes providing details including the type of vehicles you drive, what your job is, whether the vehicles are used for commuting, and how old drivers are. Your insurance information gets transmitted to multiple insurance providers and they return cost estimate almost instantly.

Pay discount rates with these discounts

The cost of insuring your cars can be expensive, but you may find discounts that many consumers don’t even know exist. Many discounts should be triggered at the time of purchase, but a few need to be asked about before being credited. If you don’t get every credit you qualify for, you are not getting the best rate possible.

• Resident Student – Any of your kids who are enrolled in higher education away from home and won’t have access to an insured vehicle may be able to be covered for less.
• Telematics Data Discounts – Drivers who agree to allow driving data submission to look at when and where they use their vehicle by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they exhibit good driving behavior.
• Responsible Driver Discounts – Drivers who avoid accidents could pay up to 40% less for Malibu insurance as compared to drivers with claims.
• Discount for Swiching Early – Some insurance companies reward drivers for switching companies before your current coverage expires. You can save around 10% with this discount.
• Passive Restraints and Air Bags – Factory air bags or motorized seat belts can receive discounts of up to 25% or more.
• Senior Discount – Older drivers may qualify for reduced rates for Malibu insurance.
• Discounts for Government Workers – Employees or retirees of the government can earn a discount up to 10% for Malibu insurance with a few insurance companies.
• Smart Student Discounts – A discount for being a good student can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
• Multi-Vehicle Discounts – Buying a policy with multiple cars or trucks on one policy can reduce rates for all insured vehicles.

We need to note that many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as collision or personal injury protection. Just because you may think you could get a free insurance policy, insurance companies wouldn’t stay in business.

A list of insurance companies and a partial list of their discounts are detailed below.

• State Farm offers discounts for multiple policy, multiple autos, defensive driving training, good driver, passive restraint, student away at school, and Steer Clear safe driver discount.
• Progressive may offer discounts for continuous coverage, multi-vehicle, multi-policy, online quote discount, online signing, and good student.
• Progressive discounts include multi-vehicle, continuous coverage, online signing, online quote discount, homeowner, multi-policy, and good student.
• MetLife offers discounts including multi-policy, good student, accident-free, good driver, defensive driver, claim-free
• Farm Bureau has savings for renewal discount, good student, 55 and retired, multi-policy, youthful driver, and driver training.
• Geico may include discounts for multi-vehicle, membership and employees, multi-policy, daytime running lights, defensive driver, and anti-lock brakes.
• SAFECO includes discounts for bundle discounts, accident prevention training, safe driver, homeowner, anti-lock brakes, teen safe driver, and teen safety rewards.

Check with all companies you are considering how many discounts you can get. A few discounts might not be available to policyholders in your area. To choose providers that offer the discounts shown above, click here.

Eight factors that influence insurance rates

It’s important that you understand the factors that help calculate your premiums. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that will entitle you to cheaper rates. Lots of factors are taken into consideration when quoting car insurance. Most are fairly basic such as traffic violations, but some are less apparent such as your marital status or your vehicle rating.

• Annual mileage impacts rates – Driving more miles annually the more you’ll pay to insure your vehicle. Most insurance companies charge rates partially by how you use the vehicle. Autos that do not get driven very much receive lower rates than vehicles that have high annual mileage. Make sure your auto insurance declarations sheet is rated on annual mileage. Incorrect rating for your Malibu is throwing money out the window.
• Coverage lapses lead to higher rates – Not having insurance is against the law and you will pay a penalty because you let your coverage cancel without a new policy in place. And not only will your rates increase, failure to provide proof of insurance will get you a hefty fine and possibly a revoked license.
• Companies want multiple policies – Many insurers give discounts to clients who buy several policies from them. It’s known as a multi-policy discount. Even if you qualify for this discount already, you may still want to shop around to make sure you are getting the best deal.
• Accidents will cost you – Your driving citation history has a big impact on rates. Careful drivers receive lower rates compared to drivers with tickets. Even a single speeding ticket can bump up the cost by as much as twenty percent. Drivers with flagrant violations such as reckless driving or DUI may need to complete a SR-22 with their state motor vehicle department in order to legally drive a vehicle.
• Only buy extra policy coverages you need – Policies have additional coverages you can purchase when buying auto insurance. Insurance for replacement cost coverage, towing, and additional equipment coverage are probably not needed. These coverages may sound good when discussing your needs, but now you might not need them so remove them and pocket the money.
• High credit rating translates to low prices – Credit score can be a huge factor in calculating your premium rate. If your credit score can be improved, you may save money insuring your 2001 Chevrolet Malibu if you clean up your credit. Consumers who have good credit tend to be better risks to insure than those with worse credit.
• Marriage is a good thing – Being married actually saves money when buying auto insurance. Having a spouse generally demonstrates drivers are less irresponsible and statistics show being married results in fewer claims.
• Where you live plays a part – Being located in less populated areas of the country has definite advantages when it comes to auto insurance. Less people corresponds to lower accident rates and lower theft and vandalism rates. City drivers have more road rage incidents and more time behind the wheel. The longer drive time means more chances of being involved in an auto accident.

Your situation helps dictate your coverage

When it comes to choosing coverage, there is no single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether your personal situation will benefit from professional help.

• Is my teenager covered with friends in the car?
• Is a fancy paint job covered?
• Is my nanny covered when driving my vehicle?
• How can I get my company to pay me more for my totalled car?
• Does coverage extend to a rental car in a foreign country?
• Are all vehicle passengers covered by medical payments coverage?

If you’re not sure about those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Information about specific coverages

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages offered by insurance companies.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your 2001 Chevy Malibu.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Comprehensive insurance

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like a broken windshield, vandalism, damage from a tornado or hurricane and hail damage. The most your insurance company will pay 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.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision can pay for claims such as crashing into a ditch, sustaining damage from a pot hole and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Coverage for medical expenses

Med pay and PIP coverage pay for expenses for things like EMT expenses, funeral costs and prosthetic devices. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Auto liability insurance

This coverage will cover injuries or damage you cause to a person or their property by causing an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability can pay for things like attorney fees, funeral expenses, bail bonds, court costs and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Save your cold hard cash

When getting insurance quotes online, make sure you don’t reduce coverage to reduce premium. There are too many instances where someone sacrificed liability limits or collision coverage only to find out that they should have had better coverage. Your goal should be to buy enough coverage for the lowest price.

We just covered quite a bit of information on how to reduce 2001 Chevy Malibu insurance car insurance rates online. The key concept to understand is the more you quote insurance, the better your chances of lowering your premium rates. You may be surprised to find that the lowest car insurance rates are with a small mutual company. Regional companies may cover specific market segments cheaper compared to the large companies like Progressive and Geico.

Additional information can be read below:

• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• What is Covered by GAP Insurance? (Allstate)
• What is a Telematics Device? (Allstate)
• A Tree Fell on Your Car: Now What? (Allstate)
• Event Data Recorders FAQ (iihs.org)
• Liability Insurance Coverage (Nationwide)