How Much Does 2006 Chevrolet Malibu Insurance Cost?

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.

Affordable insurance rates with discounts

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.

• Seat Belts Save more than Lives – Drivers who require all vehicle occupants to use a seat belt can save up to 10 percent (depending on the company) off the medical payments premium.
• Mature Driver Discount – If you’re over the age of 55, you could receive lower premium rates for Malibu insurance.
• Safety Course Discount – Taking time to complete a defensive driving course may get you a small discount and easily recoup the cost of the course.
• No Claim Discounts – Drivers with accident-free driving histories pay much less when compared to drivers with a long claim history.
• Data Collection Discounts – Drivers who elect to allow their company to spy on their driving habits by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if they are good drivers.
• Good Student Discount – Performing well in school may save you up to 25%. You can use this discount normally up until you turn 25.
• Professional Memberships – Belonging to certain professional organizations may earn a discount on your bill.
• Full Payment Discount – If you pay your entire premium ahead of time rather than spreading payments over time you may have a lower total premium amount.
• Anti-lock Brake System – Vehicles that have steering control and anti-lock brakes can avoid accidents so you can save 10 percent or more.
• Discounts for Multiple Vehicles – Purchasing coverage when you have multiple cars or trucks on a single policy could earn a price break for each car.

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.

• Geico policyholders can earn discounts including membership and employees, multi-vehicle, defensive driver, military active duty, and anti-lock brakes.
• USAA offers discounts for loyalty savings, multi-vehicle, vehicle storage, good student, and safe driver.
• Progressive includes discounts for multi-policy, continuous coverage, online quote discount, multi-vehicle, and good student.
• American Family has discounts for Steer into Savings, defensive driver, multi-vehicle, TimeAway discount, and accident-free.
• Esurance offers premium reductions for Switch & Save, safety device, online shopper, homeowner, DriveSense, and anti-theft.
• Farmers Insurance may have discounts that include business and professional, homeowner, youthful driver, switch companies, alternative fuel, and teen driver.
• State Farm discounts include student away at school, good driver, passive restraint, safe vehicle, Steer Clear safe driver discount, Drive Safe & Save, and anti-theft.

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.

How you can control Chevy Malibu insurance prices

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.

• Younger vs. mature drivers – Older insureds are viewed as being more responsible, cost insurance companies less in claims and are safer drivers.Drivers with little experience are proven to be inattentive and easily distracted when driving with friends and because of this, their insurance rates are much higher.
• Location can modify price – Residing in smaller towns and rural areas of the country can be a good thing when it comes to insurance. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. Drivers who live in large cities have more traffic problems and much longer commute distances. Higher commute times means higher likelihood of an accident.
• Poor credit rating equals high costs – A driver’s credit rating is likely to be a major factor in calculating your premium rate. If your credit rating can be improved, you could be paying less to insure your 2006 Chevrolet Malibu by repairing your credit. Drivers with high credit ratings tend to be more responsible and file fewer claims than drivers with poor credit scores.
• Lower stress equals lower insurance rates – Did you know that where you work can have an impact on rates? Jobs like military personnelairline pilots and medical professionals generally have the highest rates because of job stress and lots of time spent away from family. Conversely, professions such as professors, engineers and performers generally pay rates lower than average for Malibu insurance.
• More annual miles equals more premium – The higher the miles on your Chevy every year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based upon how you use the vehicle. Cars not used for work or commuting can get a lower rate than those that get driven frequently. Double check that your vehicle rating correctly shows the proper vehicle usage. An incorrectly rated Malibu can result in significantly higher rates.

Tailor your insurance coverage to you

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.

• Am I covered if my car is in a flood?
• Does car insurance cover theft of personal property?
• Is borrowed equipment or tools covered if stolen or damaged?
• Is my ex-spouse still covered by my policy?
• I have health insurance so do I need medical payments coverage?
• Is my trailer covered?

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.

Car insurance 101

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.

Don’t throw your cash in the trash

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:

• Insurance Losses by Make and Model (iihs.org)
• What is Gap Insurance? (Insurance Information Insitute)
• Teen Driving Statistics (Geico)
• Vehicle Safety Ratings (iihs.org)