How Much Does 2000 Chevrolet Malibu Car Insurance Cost?

Want better insurance rates for your Chevrolet Malibu? Trying to come up with a payment for high-priced insurance can dwindle your funds and make it impossible to make ends meet. Popular companies such as State Farm, Farmers Insurance, GEICO and Allstate promote their brand names with TV and radio ads and consumers find it hard to ignore the propoganda and take the time to shop coverage around.

Chevy Malibu insurance rates can be lower

Many factors are used when quoting car insurance. Some are obvious such as your driving history, but other factors are not as apparent such as your credit history and annual miles driven.

The following are some of the most rate-impacting factors that factor into your rate level.

  • Poor credit can mean higher rates – Credit score will be a significant factor in your rate calculation. Drivers with high credit ratings tend to be more responsible and file fewer claims than drivers who have poor credit. If your credit rating is lower than you’d like, you could pay less to insure your 2000 Chevrolet Malibu by improving your credit score.
  • Low comp and collision deductibles cost more – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, helps pay for damage to your vehicle. Some coverage claims are collision with another vehicle, damage caused by hail, and rolling your vehicle. The deductibles you choose are how much you are willing to pay if a covered claim is submitted. The more expense you have to pay, the better rate you will receive on Malibu coverage.
  • Lower stress equals lower prices – Careers like military personnel, social workers and medical professionals usually pay higher rates than average due to high stress levels and long work days. On the flip side, careers like actors, historians and homemakers have lower than average premiums on Malibu coverage.
  • Safer cars save money – Safer cars tend to be cheaper to insure. Safe vehicles protect occupants better and lower injury rates means lower claim amounts which can result in lower premiums.
  • How many miles do you drive? – Driving a lot of miles in a year the more you will pay for insurance. Most insurance companies rate vehicles partially by how you use the vehicle. Cars not used for work or commuting can get a lower rate as compared to vehicles used primarily for driving to work. It’s a smart idea to ensure your insurance policy correctly shows the correct driver usage, because improper ratings can cost you money. Having an incorrect usage rating on your Malibu may be costing you.
  • Where you live plays a part – Living in less populated areas of the country has definite advantages when insuring your vehicles. People in densly populated areas regularly have more traffic problems and longer commutes to work. Less people translates into fewer accident claims in addition to fewer liability claims.

Do you qualify for discount auto insurance?

Auto insurance is easily one of your largest bills, but you may qualify for discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied when you get a quote, but some need to be asked about before you get the savings.

  • Early Renewal Discounts – Select auto insurance companies give a discount for renewing your policy before your current policy expires. You may see this discount when you get insurance quotes online.
  • Claim Free – Insureds who avoid accidents and claims pay much less as compared to policyholders that have many claims.
  • Homeowners Savings – Simply owning a home can get you a discount because it demonstrates responsibility.
  • Use Seat Belts – Requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.
  • Good Student – This discount can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
  • Multiple Vehicles – Purchasing coverage when you have several vehicles with the same auto insurance company could earn a price break for each car.
  • Theft Deterent System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and earn discounts up to 10% off your insurance quote.

As is typical with insurance, most credits do not apply to the entire cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. Any qualifying discounts will help lower your policy cost.

A few of the larger companies and a selection of discounts are included below.

  • State Farm may offer discounts for accident-free, good driver, good student, student away at school, and multiple policy.
  • GEICO may include discounts for multi-policy, multi-vehicle, good student, membership and employees, and driver training.
  • Allstate offers discounts including senior citizen, auto/life discount, safe driver, EZ pay plan discount, good payer, and premier discount.
  • SAFECO may have discounts that include anti-theft, bundle discounts, teen safety rewards, multi-car, anti-lock brakes, teen safe driver, and safe driver.
  • Farm Bureau has discounts for safe driver, renewal discount, good student, multi-vehicle, driver training, multi-policy, and 55 and retired.
  • Progressive offers premium reductions for multi-policy, continuous coverage, multi-vehicle, good student, homeowner, and online quote discount.
  • AAA offers discounts for good student, pay-in-full, multi-car, AAA membership discount, anti-theft, good driver, and education and occupation.

It’s a good idea to ask all companies you are considering to give you their best rates. Some credits might not be offered on policies in your area.

Will you really save $492 on car insurance?

Consumers constantly see and hear ads that promise big savings from companies such as Progressive, Allstate and GEICO. All the companies make an identical promise that drivers will save a bundle if you switch your policy.

How is it plausible that every one can claim to save you money?

Insurance companies have specific characteristics for the type of driver that earns them the highest profit. For instance, this type of driver may be married and over the age of 30, has a clean driving record, and drives a vehicle with a low ISO rating. Anybody that matches those criteria will get the preferred rates and therefore will save a lot if they switch.

Consumers who do not match these stringent criteria will see a higher rate which leads to the customer not buying. Company advertisements say “people that switch” not “everyone that quotes” save the amount stated. That’s the way insurance companies can confidently make claims that they all have the best premium rates. Because each company has a different risk profile, you should get a wide range of price quotes. It’s just too difficult to predict with any certainty which company will give you the biggest savings.

What insurance coverages do I need?

When it comes to buying adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different so your insurance should reflect that For example, these questions can aid in determining if your insurance needs will benefit from professional help.

  • What is PIP insurance?
  • Does my 2000 Chevy Malibu qualify for pleasure use?
  • Can I rent a car in Mexico?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What is high-risk coverage and where do I buy it?
  • Am I covered when driving in Canada or Mexico?
  • Is a new car covered when I drive it off the dealer lot?
  • Is there coverage for injuries to my pets?
  • Does my liability insurance cover pulling a trailer or camper?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Insurance coverages explained

Learning about specific coverages of your policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Shown next are the usual coverages found on the average insurance policy.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 2000 Chevy Malibu.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Collision insurance

This pays for damage to your Malibu resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like hitting a parking meter, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive protection

This pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like rock chips in glass, a tree branch falling on your vehicle and falling objects. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability coverage

This will cover injuries or damage you cause to other’s property or people. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

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 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims such as loss of income, funeral expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for X-ray expenses, pain medications and doctor visits. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Be a money saver!

We just showed you many tips how you can get a better price on 2000 Chevy Malibu insurance. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising. Regional companies often have lower car insurance rates on specific markets compared to the large companies like State Farm and Allstate.

While you’re price shopping online, it’s very important that you do not skimp on coverage in order to save money. In many instances, an accident victim reduced collision coverage only to regret at claim time they didn’t have enough coverage. The proper strategy is to buy the best coverage you can find at a price you can afford, but don’t skip important coverages to save money.

Cost effective 2000 Chevy Malibu insurance can be purchased online as well as from independent agents, and you should compare rates from both in order to have the best price selection to choose from. A few companies may not provide rate quotes online and these small insurance companies prefer to sell through independent agencies.

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