2007 Chevrolet Malibu Insurance Rates – 7 Ways to Save

Want the cheapest insurance rates for your Chevrolet Malibu? Are you burned out from being strong-armed to keep your car insured? You are in the same boat as the majority of other consumers. Multiple insurers compete to insure your vehicles, so it can be very hard to choose a insurance company and uncover the absolute lowest cost out there.

You should make it a habit to compare prices periodically because insurance rates are rarely the same from one policy term to another. Even if you got the best premium rates for Malibu insurance at your last renewal you can probably find a better price now. There is a lot of bad advice regarding insurance on the web, but you can learn some good information on how to buy insurance cheaper.

Ways to get auto insurance quotes

Finding a lower price on 2007 Chevy Malibu insurance can be relatively painless. The only requirement is to take a few minutes to get quotes provided by online insurance companies. Comparing prices online can be done in a couple of different ways.

1. The fastest way to find the lowest comparison rates would be an industry-wide quote request form click here to open form in new window. This type of form saves time by eliminating separate forms for every auto insurance company. Taking the time to complete one form gets coverage cost estimates instantly.
2. A less efficient way to shop for auto insurance online is going to the website for each individual company and repeat the quote process again and again. For examples sake, we’ll assume you want to compare prices for Farmers, Progressive and Geico. In order to compare rates, you need to navigate to each company’s site and type in your information over and over, which is not fast way to get rate quotes.

   To view a list of companies in your area, click here.

It’s up to you which method you use, but make sure you are using the exact same coverage limits and deductibles on every quote. If your comparisons have different deductibles you will not be able to determine which rate is truly the best.

Discounts can really help save money

Some insurance providers do not list every policy discount very well, so here is a list a few of the more well known as well as the least known discounts that you can inquire about if you buy insurance coverage online.

• Driver Education Discount – Teen drivers should complete a driver education course as it can save substantially.
• Distant Student – Children who are attending college and won’t have access to an insured vehicle could get you a discount.
• Government Employees – Active or retired federal employment can earn a discount up to 10% for Malibu insurance with certain companies.
• Auto/Life Discount – Insurance carriers who offer life insurance give a break if you buy life insurance.
• Full Payment Discount – If you can afford to pay the entire bill as opposed to paying monthly you can actually save on your bill.
• More Vehicles More Savings – Having multiple cars or trucks on the same insurance coverage policy can get a discount for every vehicle.
• Waiver for an Accident – Not a discount per se, but some companies like Progressive, Allstate, and Liberty Mutual will turn a blind eye to one accident without raising rates if your claims history is clear prior to being involved in the accident.

One last thing about discounts, most discounts do not apply to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. Despite the appearance that all those discounts means the company will pay you, that’s just not realistic.

To see a list of companies with the best discounts, click here to view.

Will just any policy work for me?

When it comes to buying the best insurance coverage coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For example, these questions can help discover whether or not you might need professional guidance.

• Do I need PIP (personal injury protection) coverage in my state?
• Does my policy cover me when driving someone else’s vehicle?
• What is medical payments coverage?
• Should I buy more coverage than the required minimum liability coverage?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Am I covered when driving in Canada or Mexico?
• I don’t drive much so do I pay less?
• Does medical payments coverage apply to all occupants?
• Who is covered when they drive my 2007 Chevy Malibu?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t escape the ads that promise big savings by Allstate and Progressive. They all try to convey promises about savings after switching to them.

That’s great but how can every company give you a lower rate? Here is how they do it.

All the different companies provide the lowest rates for a prospective insured that will generate a profit. For example, a profitable insured might be a female over age 40, owns a home, and does not commute to work. Any customer who fits that profile will qualify for the lowest prices and is almost guaranteed to pay quite a bit less when switching companies.

Potential customers who fall short of the requirements will have to pay higher premium rates which translates to the driver buying from a lower-cost company. The ads state “people that switch” not “everyone that quotes” save that much when switching. That’s why insurance companies can confidently state the savings. That is why it’s extremely important to get insurance coverage quotes as often as possible. It is impossible to predict which company will have the best premium rates.

Auto insurance coverage options for a Chevy Malibu

Having a good grasp of your auto insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages offered by auto insurance companies.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your Chevy Malibu.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Liability insurance – Liability insurance can cover damage that occurs to people or other property in an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability insurance covers things like repair costs for stationary objects, repair bills for other people’s vehicles, medical services, emergency aid and court costs. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Comprehensive coverage – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from getting keyed, rock chips in glass, fire damage and hitting a bird. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage – This will pay to fix damage to your Malibu caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with a tree, colliding with another moving vehicle, driving through your garage door and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for bills for surgery, pain medications, chiropractic care and dental work. The coverages can be utilized in addition to your health insurance policy 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. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Keep this in mind

Cheap 2007 Chevy Malibu insurance is attainable on the web and from local insurance agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who do not offer internet price quotes and usually these small insurance companies prefer to sell through local independent agencies.

When getting insurance coverage quotes online, never reduce needed coverages to save money. There are a lot of situations where an insured dropped physical damage coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The aim is to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

More detailed auto insurance information is located in the articles below:

• Alcohol Impaired Driving FAQ (iihs.org)
• Who Has Cheap Auto Insurance Quotes for a Chevrolet Malibu in Miami? (MiamiCoverage.com)
• Car Insurance FAQ (Trusted Choice)
• Shopping for a Safe Car (Insurance Information Insitute)
• State Laws for Cellphones and Texting (iihs.org)
• Your Car has been Stolen: Now What? (Allstate)
• Winter Driving (Insurance Information Insitute)