2016 Chevrolet Malibu Limited Insurance Rates

Searching for better insurance coverage rates for your Chevrolet Malibu Limited? Scraping up a payment for pricey Chevrolet Malibu Limited insurance can stress out your family’s budget and force you to make tough financial choices. Comparing rate quotes is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket.

Drivers have many insurers to pick from, and although it’s a good thing to have a selection, lots of choices makes it harder to compare rates and find the lowest cost insurance coverage.

It’s a great practice to price shop coverage occasionally due to the fact that insurance prices change regularly. Just because you found the best deal on Malibu Limited insurance two years ago there is a good chance you can find better rate quotes now. Don’t believe everything you read about insurance coverage on the web, but in this article, you’re going to get some solid techniques on how to stop overpaying for insurance.

Learn how to lower your insurance premiums

One of the most helpful ways to save on insurance coverage is to to have a grasp of some of the things that help calculate insurance coverage rates. If you understand what controls the rates you pay, this allows you to make educated decisions that could help you find lower premium levels. Lots of things are part of the equation when pricing auto insurance. A few of the factors are predictable like a motor vehicle report, but some are more transparent such as your marital status or how safe your car is.

The following are most of the major factors that factor into rates.

  • Save money by having multiple policies – Many insurance companies apply better rates for people who have multiple policies with them such as combining an auto and homeowners policy. Even with this discount applied, you still need to shop around to make sure you are getting the best deal.
  • Prevent coverage lapses – Allowing your insurance coverage policy to lapse will be a fast way to drive up your policy premiums. Not only will rates go up, not being able to provide proof of insurance can result in fines or a revoked license.
  • Premiums can change based on your address – Having an address in smaller towns and rural areas of the country may provide you with better prices when it comes to insurance coverage. Lower population translates into fewer accidents and a lower car theft rate. People who live in big cities have more aggressive driving styles and higher rates of accident claims. More time commuting means more chance of being in an accident.
  • Younger drivers are expensive to insure – More experienced drivers tend to be more responsible, tend to file fewer claims .Inexperience drivers are known to be inattentive in a vehicle so insurance coverage rates are higher.
  • Liability protection limits are a factor – Liability insurance will provide protection in the event that you are found liable for physical damage or personal injury to other. Liability insurance provides you with a defense in court to attempt to prove you were not liable. This coverage is relatively inexpensive as compared to coverage for physical damage, so do not cut corners here.
  • Alarms and GPS tracking lower prices – Choosing to buy a car with advanced anti-theft systems can help lower your premiums. Systems that thwart theives like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your car from being stolen.
  • Higher coverage deductibles cost less – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your Chevy. Some coverage claims could be a windshield shattered by a rock, hitting a deer, and burglary. Comp and collision deductibles define how much you are willing to pay if the claim is covered. The more of the claim you’re willing to pay, the lower your rates will be on Malibu Limited insurance.
  • Cars with good safety ratings means lower rates – Vehicles with high crash test scores tend to have lower insurance rates. Safe vehicles reduce occupant injuries and better occupant protection translates into fewer and smaller insurance claims which can mean better rates for you.

How to buy insurance coverage

There are a variety of methods to compare insurance coverage quotes, but one way is more efficient than others. You can waste a lot of time talking to agents in your area, or you can stay home and use online quoting to maximize your effort.

All the larger companies participate in a marketplace where prospective buyers submit one quote, and each company then returns a price quote. This prevents consumers from doing quote forms to each individual insurance coverage company. To submit your quote information now, click here (opens in new window).

One minor caviat to using this type of form is you can’t choose which companies you will receive quotes from. So if you want to choose specific insurance companies for rate comparison, we have a listing of companies who write insurance coverage in your area. Click to view list.

The approach you take is up to you, just be certain you are entering equivalent coverages on every quote. If the quotes have differing limits it will be very difficult to make a fair comparison for your Chevy Malibu Limited. Just a small difference in insurance coverages may result in large price differences. And when quoting insurance coverage, remember that having more price comparisons helps you find the best price.

Switch companies and save? Really?

Big name companies like Allstate, GEICO and Progressive constantly bombard you with television, radio, and online ads. They all seem to make the point that drivers will save a bundle after switching your insurance coverage to their company. How does each company lower your premium rates? This is the way they can do it.

Insurance companies look for specific characteristics for the type of driver they prefer to insure. For example, this type of driver could be over age 30, has a clean driving record, and drives a car with an anti-theft system. A customer that hits that “sweet spot” is entitled to the best price and most likely will cut their rates substantially.

Insureds who do not meet this ideal profile will have to pay higher prices and business going elsewhere. The ads state “drivers who switch” not “everyone that quotes” can get the lowest rates when switching. This is how companies can advertise the savings.

That is why you really should compare price quotes frequently. It’s just too difficult to predict which insurance company will fit you best based on your risk profile.

Lower-cost insurance rates with discounts

Auto insurance companies don’t always publicize every discount they offer very clearly, so we break down a few of the more well known as well as some of the hidden savings tricks you should be using when you buy insurance online.

  • Anti-theft System – Vehicles equipped with tracking devices and advanced anti-theft systems are less likely to be stolen so companies will give you a small discount.
  • Employee of Federal Government – Active or former government employment could cut as much as 10% off on Malibu Limited insurance with some insurance companies.
  • 55 and Retired – Drivers that qualify as senior citizens can get lower premium rates on Malibu Limited insurance.
  • Use Seat Belts – Buckling up and requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.
  • Drivers Education – Require your teen driver to sucessfully take a drivers education course in school.
  • Discount for Multiple Policies – If you insure your home and vehicles and place coverage with the same company you could earn a discount of approximately 10% to 15%.
  • Payment Method – By paying your entire bill at once instead of paying each month you can avoid the installment charge.

Discounts save money, but please remember that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. So when the math indicates it’s possible to get free car insurance, that’s just not realistic.

A list of companies and a partial list of their discounts can be read below.

  • State Farm may include discounts for anti-theft, defensive driving training, Steer Clear safe driver discount, Drive Safe & Save, and student away at school.
  • Liberty Mutual has savings for multi-policy, newly married, teen driver discount, new move discount, exclusive group savings, and new vehicle discount.
  • American Family discounts include good student, early bird, mySafetyValet, TimeAway discount, air bags, and defensive driver.
  • Progressive offers discounts for continuous coverage, multi-vehicle, online quote discount, homeowner, and online signing.
  • Farmers Insurance offers premium reductions for mature driver, homeowner, youthful driver, electronic funds transfer, distant student, and multi-car.
  • Auto-Owners Insurance policyholders can earn discounts including multiple vehicles, safe driver, student away at school, multi-policy, paid in full, and group or association.
  • SAFECO includes discounts for teen safe driver, homeowner, drive less, teen safety rewards, anti-theft, bundle discounts, and accident prevention training.

When getting free insurance quotes, it’s a good idea to each company or agent how many discounts you can get. Some discounts may not apply in your state. For a list of providers that provide some of the discounts listed above, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For example, these questions may help you determine whether your personal situation could use an agent’s help.

  • Is a fancy paint job covered?
  • Do I need added coverage for expensive stereo equipment?
  • Am I covered if hit by an uninsured driver?
  • What are the best liability limits?
  • How much can I save by bundling my policies?
  • Is my ex-spouse still covered by my policy?
  • Am I insured when driving a different vehicle?
  • Do I need replacement cost coverage?
  • When should I buy a commercial auto policy?
  • Which is better, split liability limits or combined limits?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area.

Auto insurance coverage information

Learning about specific coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on the average insurance policy.

Liability car insurance

Liability insurance will cover injuries or damage you cause to people or other property in an accident. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as pain and suffering, repair bills for other people’s vehicles and medical services. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM Coverage

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally these limits are set the same as your liablity limits.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a bird, rock chips in glass and damage from getting keyed. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance will pay to fix damage to your Malibu Limited from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a building, scraping a guard rail, rolling your car, driving through your garage door and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for EMT expenses, surgery and doctor visits. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage

Get your money’s worth

We just presented quite a bit of information on how to reduce 2016 Chevy Malibu Limited insurance car insurance rates online. It’s most important to understand that the more rate quotes you have, the better likelihood of getting affordable insurance. You may be surprised to find that the biggest savings come from a lesser-known regional company. These companies often have lower premium rates on specific markets than the large multi-state companies such as State Farm and Allstate.

As you shop your coverage around, don’t be tempted to reduce needed coverages to save money. There have been many situations where someone sacrificed collision coverage only to find out they didn’t have enough coverage. Your aim should be to purchase a proper amount of coverage at the best cost.

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Comments About 2016 Chevrolet Malibu Limited Insurance

  1. Eddie Lyons

    Will Progressive insure with a DUI in Fairbanks, AK?

  2. Leila Mcintyre

    21st Century is pretty cheap in Virginia! :)

  3. Florencia Cochran

    Where is cheaper car insurance? I live just outside Honolulu, HI. Quoted prices online for a 2016 Chevrolet Malibu Limited. Ended up at about $490 savings annually. Went with 21st Century. Was with Hartford. They have a lot of discounts available. They were helpful in switching over.

  4. Sade Woodward

    I’m in the suburbs of Jacksonville, FL. I got free rates from Progressive, Amica, and Esurance for my Chevrolet and am saving around $300 a year. Have an at-fault accident tho. Hardly afford to drive anymore.

  5. Wyatt Baker

    Not sure if this is cheap. Located in Fargo, ND. Got quotes with USAA, AIG Insurance, The General, and Mercury for my 2016 Chevrolet Malibu Limited and saved just over $410 a year. Even increased my liability limits. I just quoted rates online.

  6. Alethia Forbes

    Here’s my quote info. From east side of Paterson, New Jersey. Can’t remember who all I quoted but I ended up saving about $60 each month. Good savings if you bundle. LOL

  7. Louetta Kim

    I’m just west of Houston, TX. Quoted with Allstate, Amica, Erie, and Liberty Mutual for my 2016 Chevrolet Malibu Limited and I’m now saving $61 a month. A clean driving record helps. Are quotes cheaper online?

  8. Beaulah Mullins

    Just a quick comment on my experience. I live on the west side of Salt Lake City, Utah. Can’t remember who all I quoted but I ended up saving about $60 each month. Switched homeowners coverage too. Not sure if rates are cheaper online or through an agent.

  9. Russell Boone

    Got a quote with 21st Century for my Malibu Limited and saved about $150 a year. Was with Mercury. Good savings if you bundle. Hardly afford to drive anymore.

  10. Miguelina Donovan

    If you don’t have tickets and live near Lewiston, ME, check out 21st Century. They seem to be cheaper. It never hurts to quote around.

  11. Randi Abbott

    Not sure what I should be paying. From a town just southwest of Kailua, Hawaii. Got car insurance rates from Progressive, Hanover, and Erie for my Chevrolet and saved $408 a year. I’m a pretty low risk driver.