How Much Does 2002 Chevrolet Malibu Insurance Cost?

Trying to find cheaper insurance for a Chevy Malibu can normally be a lot of work, but you can learn these tips and make it easy.

There are both good and bad ways to buy insurance and you need to know the absolute fastest way to quote coverages for a Chevy and get the best price possible either online or from local insurance agents.

How to shop insurance coverage online

Shopping for lower insurance coverage rates can be challenging if you aren’t aware of the best way to get rate quotes. You can waste a lot of time talking to agents in your area, or you can stay home and use the web to get rates in a matter of minutes.

Many companies take part in a program where prospective buyers submit one quote, and each participating company returns a competitive quote based on that data. This saves time by eliminating repetitive form submissions for each company.

To submit your quote information now, click here (opens in new window).

The only downside to doing it this way is you are unable to specify which insurance companies to get quotes from. So if you prefer to pick from a list of companies for rate comparison, we put together a list of low cost insurance coverage companies in your area. Click here to view list.

The method you choose is up to you, but compare apples-to-apples coverages on every quote. If each company quotes unequal deductibles or liability limits you will not be able to find the best deal for your Chevy Malibu.

Drivers save money with with these discounts

Car insurance companies don’t always list every possible discount in a way that’s easy to find, so here is a list a few of the more well known and also the lesser-known discounts that you may qualify for.

• Student in College – Older children who are attending college without a vehicle on campus may qualify for this discount.
• Passive Restraints – Cars that have air bags may qualify for discounts of up to 25% or more.
• Organization Discounts – Affiliation with a qualifying organization can get you a small discount on your policy.
• Accident Forgiveness – but some companies like Geico, Progressive, and Allstate allow you one accident without getting socked with a rate hike as long as you don’t have any claims before the accident.
• Multi-car Discount – Buying insurance for primary and secondary vehicles on one policy can get a discount on all vehicles.
• ABS Braking Discount – Cars and trucks with ABS braking systems or traction control are much safer to drive and qualify for as much as a 10% discount.
• Mature Driver Discount – Drivers over the age of 55 are able to get a discount up to 10% for Malibu insurance.

Policy discounts save money, but most of the big mark downs will not be given to your bottom line cost. Most cut specific coverage prices like comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way. Any qualifying discounts will definitely reduce the amount you pay for coverage.

Car insurance companies who might offer these discounts possibly include:

• Progressive
• Farmers Insurance
• Farm Bureau
• State Farm
• Geico
• SAFECO
• Liberty Mutual

Double check with each company which discounts can lower your rates. Savings may not apply to policies in your area.

Your situation helps dictate your coverage

When it comes to choosing adequate coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different.

For example, these questions could help you determine if you could use an agent’s help.

• Am I covered if I hit a deer?
• What companies insure drivers after a DUI or DWI?
• How much underlying liability do I need for an umbrella policy?
• When should I remove comp and collision on my 2002 Chevy Malibu?
• I don’t drive much so do I pay less?
• What is PIP insurance?
• At what point should I drop full coverage?
• Exactly who is provided coverage by my policy?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and may give you better protection.

Learn how to buy insurance coverage for less

Part of the insurance coverage buying process is learning the rating factors that play a part in calculating your insurance coverage rates. If you know what impacts premium levels, this enables informed choices that may reward you with lower rates. Many factors are used when you quote your car insurance policy. Some of the criteria are obvious such as your driving history, but other criteria are more transparent such as whether you are married or your commute time.

The following are some of the most common factors insurance coverage companies consider when setting your prices.

• Where you live is a factor – Having an address in less populated areas of the country can be a good thing when trying to find low car insurance rates. Fewer people means less chance of accidents and a lower car theft rate. City drivers regularly have more aggressive driving styles and a longer drive to work. Spending more time driving means a statistically higher chance of an accident.
• Getting married can save on insurance coverage – Having a spouse may save some money on your insurance coverage bill. Having a significant other is viewed as being less irresponsible and it’s proven that married drivers tend to file fewer claims.
• Extra policy coverages that may not be needed – There are a lot of additional coverages that you can get tricked into buying but may not be useful. Coverages like rental car reimbursement, high-cost glass coverage, and Farm Bureau memberships may be wasting your money. The coverages may be enticing at first, but if you have no use for them get rid of them and save.
• Expect high rates for teens – Mature drivers tend to be more responsible, tend to file fewer claims and are safer drivers.Youthful drivers are known to be easily distracted with other occupants in the car so insurance coverage rates are higher.

Can you really save that much by switching?

Consumers constantly see and hear ads that claim the best premium rates by Geico, State Farm and Progressive. They all state the claim about savings if you change your auto insurance policy to them.

How can each company give you a lower rate? Just pay attention to how they say it.

Auto insurance companies give the cheapest rates for the right customer that earns them the most money. An example of a desirable risk could possibly be over age 30, owns a home, and drives less than 10,000 miles a year. Anybody that meets those criteria is entitled to the best price and therefore will cut their rates if they switch.

Potential customers who do not match these criteria may be forced to pay more expensive rates and ends up with the driver buying from a lower-cost company. The ads state “drivers who switch” not “everyone who quotes” save that much. That’s the way insurance companies can make it sound like they have such great prices.

Each company has different criteria, so it’s extremely important to quote coverage with many companies. It’s impossible to know with any certainty which company will have the best premium rates for your profile.

Car insurance coverages for a Chevy Malibu

Understanding the coverages of your policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

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

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, rock chips in glass, a broken windshield, a tree branch falling on your vehicle and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability car insurance – Liability insurance will cover damage that occurs to other’s property or people. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like loss of income, court costs, legal defense fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for expenses such as hospital visits, prosthetic devices, chiropractic care and surgery. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Malibu.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverages – This pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as rolling your car, colliding with a tree, sustaining damage from a pot hole and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

A penny saved is a penny earned

Consumers who switch companies do it for a variety of reasons including high rates after DUI convictions, questionable increases in premium, denial of a claim or even delays in responding to claim requests. Regardless of your reason for switching companies, choosing a new insurance company is easier than you think.

We just showed you a lot of tips how to compare 2002 Chevy Malibu insurance prices online. The key thing to remember is the more times you quote, the better chance you’ll have of finding the cheapest car insurance. Consumers could even find that the best price on car insurance is with a company that doesn’t do a lot of advertising.

Budget-conscious 2002 Chevy Malibu insurance can be bought on the web in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from. Some insurance providers don’t offer rates over the internet and most of the time these regional carriers only sell through independent agencies.

Helpful learning opportunities

• Five Mistakes to Avoid (Insurance Information Insitute)
• Who Has Affordable Auto Insurance for a Chevrolet Malibu in Dallas? (DallasCoverage.com)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Parking Tips to Reduce Door Dings (State Farm)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)