Drivers have lots of choices when trying to find low-cost Chevy Malibu insurance. They can either waste time driving around getting price quotes or save time using the internet to make rate comparisons. There is a right way and a wrong way to compare auto insurance rates and you need to know the absolute fastest way to quote coverages for a new or used Chevy and locate the best price possible.
It’s a great practice to do rate comparisons occasionally due to the fact that insurance rates go up and down regularly. Even if you think you had the best premium rates for Malibu insurance a couple years back you can probably find a better price now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the right way to eliminate unnecessary coverages and save money.
Finding the best rates is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using this strategy. Vehicle owners only need an understanding of the proper methods to buy car insurance over the internet.
Car insurance is not cheap, but you might already qualify for some discounts that may help make it more affordable. Some discounts apply automatically when you quote, but a few must be specifically requested prior to getting the savings.
A quick disclaimer, most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So when the math indicates having all the discounts means you get insurance for free, companies wouldn’t make money that way. But any discount will help reduce the premium cost.
A few popular companies and a partial list of their discounts can be found below.
Check with all companies you are considering which discounts you may be entitled to. Some discounts might not be offered on policies in your area.
The best way to find cheaper insurance is to take a look at a few of the rating criteria that help determine the price you pay for insurance. When you understand what positively or negatively impacts your premiums, this enables informed choices that can earn you lower insurance prices.
When buying adequate coverage, there is no cookie cutter policy. Every situation is different.
Here are some questions about coverages that might point out whether or not you may require specific advice.
If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.
Knowing the specifics of your policy can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.
Auto liability insurance – This can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.
Liability can pay for claims like court costs, attorney fees and medical expenses. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like chiropractic care, nursing services and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2006 Chevy Malibu.
Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive insurance – This covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as a tree branch falling on your vehicle, hail damage and a broken windshield. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as driving through your garage door, hitting a parking meter, sustaining damage from a pot hole, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to bring the cost down.
We just covered a lot of information how to save on 2006 Chevy Malibu insurance. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even discover the most savings is with a small local company.
Drivers switch companies for many reasons like policy cancellation, policy non-renewal, an unsatisfactory settlement offer and delays in paying claims. Regardless of your reason for switching companies, choosing a new company can be pretty painless.
When searching for cheap car insurance quotes, make sure you don’t reduce coverage to reduce premium. In many cases, someone sacrificed liability coverage limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
More detailed auto insurance information is located in the articles below:
Donnie Holcomb
I compared a lot of rate quotes for a 2006 Chevrolet Malibu in Rochester, New York. Ended up at darn near $220 every six months with AIG Insurance. I got a quote from their website.
Maurice Cote
Thanks for putting this site together. From northwest of Rochester, NY. Quoted quotes with State Farm, Amica, and Farmers for my Malibu and I’m now saving $32 a month.
Kimber Weaver
Does State Farm insure after a DUI?
Dave Kirk
In Portland, Oregon, Progressive is a good choice.
Gregorio Hickman
From northwest of Rutland, VT. Quoted prices online for a 2006 Chevrolet Malibu. Ended up at about $160 savings annually. Went with State Farm. Left Western Auto Insurance to switch.
Gretta Manning
What is Underinsured Motorist coverage?
Berta Burnett
Is GEICO cheap in Tucson, Arizona?
Lavern Byrd
Great site. Went with Liberty Mutual for my Malibu and cut my rates about $110 a year. Was with AAA. Moved home policy as well.
Silva Kinney
Here’s my quote info. I live just to the north of Pittsburgh, PA. Compared rates from a lot of places. Saved darn near $30 a month. Allstate was the cheapest for me. Even increased coverage a bit. Online quotes are the way to go.
Mandie Pitts
Cheaper not always better. Found cheapest coverage with Travelers for my 2006 Chevrolet Malibu and saved about $140 a year. Left Auto-Owners to switch. I’m a pretty low risk driver.
Tomas Trujillo
What is UM/UIM coverage?