2008 Chevrolet Malibu Insurance Rates

Trying to find lower auto insurance rates for your Chevrolet Malibu? Searching for low-cost insurance for a new or used Chevy Malibu can turn out to be a painful process, but you can learn a few tricks to save time. There are more efficient ways to shop for auto insurance so we’re going to tell you the proper way to compare rates for a new or used Chevy and locate the lowest price from both online companies and local agents.

It’s smart to compare prices on a regular basis because auto insurance prices are rarely the same from one policy term to another. Just because you had the best price for Malibu insurance two years ago there is a good chance you can find better rate quotes now. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the best way to find better coverage at a better price.

Get cheap insurance coverage with discounts

The cost of insuring your cars can be expensive, but there could be significant discounts to help offset the cost. Some trigger automatically when you get a quote, but a few must be manually applied before they will apply. If you’re not getting every credit available, you’re paying more than you need to.

• Organization Discounts – Joining certain professional organizations is a simple method to lower premiums on your policy.
• New Car Discount – Buying a new car instead of a used car may earn a small discount because new model year vehicles are generally safer.
• More Vehicles More Savings – Purchasing coverage when you have several vehicles with the same company can reduce the rates for all insured vehicles.
• Claim-Free Discount – Drivers who stay claim-free have much lower rates in comparison with frequent claim filers.
• Telematics Data – Drivers that enable their insurance coverage company to track driving patterns by using a telematics device in their vehicle such as State Farm’s In-Drive might see lower rates as long as they are good drivers.
• Student Discounts – A discount for being a good student may save you up to 25%. Earning this discount can benefit you until age 25.
• Accident Forgiveness Coverage – Not really a discount, but companies like Allstate and State Farm will allow you to have one accident before raising your premiums if you have no claims prior to being involved in the accident.

Just know that most discount credits are not given the the whole policy. The majority will only reduce individual premiums such as comprehensive or collision. If you do the math and it seems like you can get free auto insurance, companies don’t profit that way. Any qualifying discounts will help lower your overall premium however.

A few popular companies and some of the premium reductions they offer are included below.

• The Hartford may include discounts for air bag, defensive driver, good student, anti-theft, and bundle.
• American Family offers discounts including accident-free, mySafetyValet, early bird, bundled insurance, Steer into Savings, defensive driver, and good student.
• Progressive discounts include multi-vehicle, continuous coverage, good student, homeowner, multi-policy, online quote discount, and online signing.
• Travelers has discounts for good student, driver training, student away at school, new car, multi-policy, home ownership, and save driver.
• Farmers Insurance policyholders can earn discounts including business and professional, pay in full, teen driver, early shopping, electronic funds transfer, alternative fuel, and switch companies.
• USAA may have discounts that include new vehicle, good student, loyalty savings, safe driver, and driver training.
• Liberty Mutual includes discounts for newly retired, new graduate, hybrid vehicle, new vehicle discount, and new move discount.

Double check with every prospective company which discounts can lower your rates. Depending on the company, some discounts might not be available to policyholders in your area. If you would like to see a list of companies that offer many of these discounts, click here.

Tailor your insurance coverage coverage to you

When buying the best insurance coverage coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

These are some specific questions can help discover if you would benefit from professional advice.

• What is no-fault insurance?
• Am I covered if I drive in a foreign country?
• Where can I find high-risk insurance?
• Why am I required to buy high-risk coverage?
• Am I better off with higher deductibles on my 2008 Chevy Malibu?
• How does medical payments coverage work?
• What are the best liability limits?
• How can I find cheaper teen driver insurance?
• Does having multiple vehicles earn me a discount?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

What insurance coverages do you need?

Knowing the specifics of a insurance policy can be of help when determining appropriate coverage for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as dental work, rehabilitation expenses, pain medications, prosthetic devices and surgery. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision – This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, theft, fire damage and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Chevy Malibu.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability car insurance – This provides protection from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle 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. You might see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things like funeral expenses, structural damage, loss of income, legal defense fees and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.

Collision – Collision coverage pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like hitting a parking meter, colliding with a tree and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Do the work, save more money

Throughout this article, we presented many ideas to shop for 2008 Chevy Malibu insurance online. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable auto insurance. You may even find the most savings is with a small local company.

People leave their current company for any number of reasons including being labeled a high risk driver, policy cancellation, extreme rates for teen drivers or even poor customer service. Whatever your reason, finding a new insurance coverage company is less work than it seems.

Budget-friendly insurance coverage is available from both online companies and with local insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance coverage companies may not provide the ability to get a quote online and many times these regional insurance providers only sell through independent agents.

Even more information can be read at these sites:

• Frontal Crash Tests (iihs.org)
• What Insurance is Cheapest for a Chevrolet Malibu in Chicago? (QuoteChicago.com)
• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)