Looking for the cheapest insurance rates for your Chevrolet Malibu? Are you irritated from not being able to scrape enough together to pay insurance each month? You’re in the same situation as many other drivers. Companies like GEICO, Farmers Insurance and State Farm constantly bombard you with fancy advertisements and it is challenging if not impossible to separate fact from fiction and find the best price available.
Performing a rate comparison can be a daunting task if you don’t understand the best way to get rate quotes. You could spend the better part of a day talking to insurance companies in your area, or you could save time and use online quotes to get rate comparisons in just a few minutes.
Most of the larger companies participate in an industry program where prospective buyers enter their policy data once, and each participating company provides a quote based on that information. This system prevents you from having to do repetitive form submissions for each company. To find out how much you’re overpaying now click here (opens in new window).
The only drawback to getting quotes like this is that you can’t choose which insurance companies you want pricing from. So if you want to select from a list of companies for rate comparison, we have a listing of the cheapest insurance companies in your area. View list of insurance companies.
Whichever way you choose to compare rates, double check that you are using nearly identical coverage data on every quote. If you are comparing different data it will be nearly impossible to determine the best price for your Chevy Malibu.
Auto insurance companies don’t always list all available discounts very well, so we took the time to find some of the more common and also the lesser-known savings tricks you should be using when you buy insurance online.
Drivers should understand that some credits don’t apply to all coverage premiums. Most cut the price of certain insurance coverages like medical payments or collision. Just because it seems like you can get free auto insurance, it doesn’t quite work that way.
If you would like to choose from a list of insurance companies that offer the discounts shown above, follow this link.
Many factors are part of the equation when you get a price on insurance. Some factors are common sense like an MVR report, although some other factors are less obvious like where you live or your financial responsibility.
When it comes to choosing adequate coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that could help you determine if your situation will benefit from professional help.
If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.
Consumers can’t get away from all the ads that promise big savings by companies like Allstate and Progressive. All the ads advertise claims about saving some big amount if you switch to them.
How does every company make the same claim?
Auto insurance companies quote their best rates for the right customer that earns them the most money. For instance, a driver they prefer could possibly be a female over age 40, carries high limits, and the vehicle is rated for pleasure use. Anyone who matches those parameters will probably get the lowest rates and will also save some money.
Potential insureds who are not a match for the ideal profile may be required to pay a more expensive rate and ends up with business going elsewhere. If you pay attention, the ads say “people who switch” but not “all drivers who get quotes” save that much. That’s why insurance companies can confidently make the claims of big savings. Because of the profiling, you should compare as many free insurance quotes as you can. It’s just not possible to know the company that will fit you best based on your risk profile.
Having a good grasp of your policy can help you determine the right coverages for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages found on most car insurance policies.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against claims like sustaining damage from a pot hole, driving through your garage door and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible to bring the cost down.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2013 Chevy Malibu.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
Comprehensive auto coverage
This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like hitting a deer, damage from a tornado or hurricane and theft. The maximum payout your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Auto liability insurance
This coverage can cover injuries or damage you cause to people or other property. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.
Liability coverage protects against things such as medical services, structural damage, emergency aid, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance provide coverage for bills for things like EMT expenses, nursing services and prosthetic devices. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
The cheapest 2013 Chevy Malibu insurance can be sourced from both online companies in addition to many insurance agents, so get free insurance quotes from both of them in order to have the best price selection to choose from. A few companies may not offer price quotes online and many times these small insurance companies prefer to sell through local independent agents.
As you prepare to switch companies, it’s not a good idea to skimp on coverage in order to save money. Too many times, someone dropped collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy enough coverage at the best possible price and still be able to protect your assets.
More detailed insurance coverage information can be found by following these links: