2015 Chevrolet Malibu Insurance Quotes

Trying to find lower car insurance rates for your Chevrolet Malibu? Think you have an overpriced car insurance policy? Say no more because many drivers have buyer’s remorse. There is such a variety of car insurance companies to buy insurance from, and although it’s nice to have multiple companies, so many choices can make it hard to get the best deal.

Shopping for the best protection is easy if you know what you’re doing. If you have a policy now or need new coverage, you can use this information to find better prices and possibly find even better coverage. Drivers just need to know how to compare company rates on the web.

Are you receiving every discount?

Companies don’t list their entire list of discounts in a way that’s easy to find, so we took the time to find some of the more common as well as the least known credits available to bring down your rates. If you check and find you aren’t receiving every discount you deserve, you’re paying more than you need to.

Federal Government Employee – Employees or retirees of the government could qualify for a slight premium decrease on Malibu coverage depending on your company.
Paper-free Discount – A few companies provide a small discount for buying your policy online.
Good Students Pay Less – A discount for being a good student could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
Save over 55 – If you qualify as a senior citizen, you may be able to get a small discount on rates on Malibu coverage.
Safe Driver Discount – Drivers who don’t get into accidents can save as much as half off their rates on Malibu coverage than drivers with accident claims.
Theft Deterent Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and will qualify for a discount on a car insurance quote.
Clubs and Organizations – Being in qualifying clubs or civic groups is a good way to get lower rates on your policy.

Don’t be shocked that some of the credits will not apply to your bottom line cost. Some only reduce the cost of specific coverages such as comprehensive or collision. So even though you would think all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

To locate car insurance companies who offer cheap car insurance quotes, click here.

How car insurance companies calculate Chevy Malibu insurance prices

A large part of saving on insurance is knowing the rating factors that come into play when calculating the rates you pay for insurance. When consumers understand what determines base rates, this empowers consumers to make smart changes that may reward you with cheaper rates. Many things are used when quoting car insurance. Some of the criteria are obvious such as your driving history, but some are more obscure such as your marital status or your vehicle rating.

The items below are some of the things companies use to determine your premiums.

Bad credit will cost you – Having a bad credit history factor in determining what you pay for insurance. If your credit score is low, you could potentially save money when insuring your 2015 Chevrolet Malibu if you improve your credit rating. Drivers with very high credit ratings tend to file fewer claims and have better driving records as compared to drivers with worse credit.
Avoid traffic tickets – Whether or not you get tickets impacts your car insurance rates tremendously. Careful drivers get better rates as compared to those with violations. Even a single driving citation can boost insurance rates twenty percent or more. Drivers with serious citations like reckless driving or DUI may find that they have to to maintain a SR-22 with their state in order to legally drive a vehicle.
Lower rates by increasing physical damage deductibles – Physical damage coverage, also called comprehensive and collision insurance, helps pay for damage to your vehicle. Some instances where coverage would apply would be a broken side mirror, collision with an animal, and windstorm damage. Comp and collision deductibles define the amount you are willing to pay if a covered claim is submitted. The more damage repair cost you’re willing to pay, the less your company will charge you for insurance on Malibu coverage.
GPS tracking and theft deterrents reduce insurance rates – Owning a car that has an advanced theft prevention system can save you some money. Advanced theft deterrents like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping vehicle theft.
Premiums are high for teenagers – Youthful drivers tend to be careless and easily distracted with other occupants in the car therefore insurance rates are much higher. More mature drivers tend to be more responsible, tend to cause fewer accidents .
Male prices may be higher – Over the last 50 years, statistics have shown females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Males and females tend to get into auto accidents at about the same rate, but men tend to have more serious accidents. Men also receive more costly citations like driving under the influence (DUI). Young men ages 16 to 20 cause the most accidents and therefore are the most expensive to insure.
Higher insurance rates for policy lapses – Allowing your insurance policy to lapse is a quick way to increase your insurance rates. Not only will you pay higher rates, the inability to provide proof of insurance might get you a hefty fine and possibly a revoked license. You will then be forced to file a SR-22 with your state motor vehicle department to get your license reinstated.
Don’t abuse insurance claims – If you’re an insured who likes to file claims you can definitely plan on either higher rates or even cancellation. Car insurance companies give most affordable rates to people who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of larger claims.

When in doubt talk to an agent

When it comes to choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. For instance, these questions may help you determine whether your personal situation may require specific advice.

Do I have coverage when making deliveries for my home business?
How high should my medical payments coverage be?
How much liability do I need to cover my assets?
Does my medical payments coverage pay my health insurance deductible?
Why is insurance for a teen driver so high?
Does my 2015 Chevy Malibu qualify for pleasure use?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Advertising and auto insurance

Consumers can’t avoid all the ads that promise big savings for switching by companies like State Farm, Allstate and GEICO. They all seem to advertise claims that drivers will save a bundle if you just switch your policy.

How does every company give you a better price? It’s all in the numbers.

All companies have an ideal profile for the type of customer they prefer to insure. A good example of a preferred risk might be married and over the age of 30, has a clear driving record, and chooses high deductibles. Any new insured that matches those criteria will get very good rates and most likely will save some money.

Insureds who don’t meet these standards may receive higher premiums which usually ends up with business going elsewhere. If you listen to the ad wording, they say “people that switch” but not “everyone who gets a quote” save the amount stated. That’s why companies can claim big savings.

This illustrates why you really should do a rate comparison at every renewal. Because you cannot predict which company will have the best prices at this point in time.

Auto insurance coverages

Learning about specific coverages of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. These are the normal coverages found on most insurance policies.

Collision coverage – Collision insurance covers damage to your Malibu resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as damaging your car on a curb, sustaining damage from a pot hole, colliding with a tree, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Auto liability insurance – This can cover injuries or damage you cause to a person or their property that is your fault. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as bail bonds, structural damage, repair bills for other people’s vehicles, attorney fees and medical expenses. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from flooding, damage from getting keyed, rock chips in glass, hitting a bird and falling objects. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for bills for prosthetic devices, doctor visits and X-ray expenses. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Frequently these limits are identical to your policy’s liability coverage.

Be a money saver!

In this article, we covered a lot of ways to save on 2015 Chevy Malibu insurance. It’s most important to understand that the more providers you compare, the higher your chance of finding low cost car insurance. Consumers may even find the best price on insurance coverage is with some of the lesser-known companies. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate and Progressive.

While you’re price shopping online, it’s a bad idea to buy poor coverage just to save money. There have been many situations where someone dropped full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy the best coverage you can find at the lowest possible cost while still protecting your assets.

Cheaper insurance coverage can be sourced on the web and with local insurance agents, so you should compare both to have the best chance of lowering rates. Some insurance providers don’t offer online rate quotes and many times these smaller companies only sell coverage through independent insurance agents.