View 2016 Chevrolet Malibu Car Insurance Cost

Trying to find better insurance rates for your Chevrolet Malibu? Having to pay for overpriced insurance can drain your bank account and put the squeeze on your family’s finances. Comparison shopping is free and is an excellent way to help make ends meet. Since consumers have many choices, it can be challenging to locate the lowest price provider.

You need to check insurance prices at least once a year because rates are adjusted regularly by insurance companies. Even if you think you had the best deal on Malibu coverage a couple years back you can probably find a better price now. So forget anything you know (or think you know) about insurance because you’re about to learn the proper way to remove unneeded coverages and save money.

The purpose of this post is to let you in on how car insurance quotes work and some tips to save money. If you have car insurance now, you will be able to save some money using this strategy. Drivers only need an understanding of the proper way to compare price quotes online.

Compare Insurance Today

Finding a better price on insurance isn’t really that difficult. Just take time comparing rate quotes online with multiple companies. This can be accomplished in several different ways.

  • The single most time-saving way to get the best comparison quotes would be an industry-wide quote request form click here to open form in new window. This type of form saves time by eliminating separate quotation requests for each company you want a rate for. Filling out one form gets rate comparisons from multiple low-cost companies.
  • A slightly less efficient method to get comparison quotes requires a trip to each individual company website and fill out their own quote form. For sake of this example, let’s assume you want to compare State Farm, GEICO and Farmers. To get each rate you have to visit each site and enter your information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  • The hardest method of getting rate comparisons is driving around to insurance agents’ offices. The internet can eliminate the need for a local agent unless you prefer the professional guidance of a licensed agent. However, consumers can price shop online and get advice from an agent in your area and we’ll cover that in a bit.

It’s up to you how you get prices quotes, just double check that you are using apples-to-apples coverage limits on every quote. If you enter different values for each quote it will be very difficult to truly determine the lowest rate.

Are you getting all your discounts?

Car insurance is not cheap, but companies offer discounts that many people don’t even know exist. Most are applied at the time of quoting, but some may not be applied and must be specifically requested before you will receive the discount. If you don’t get every credit you qualify for, you are throwing money away.

  • Military Discounts – Being on active duty in the military can result in better rates.
  • 55 and Retired – If you qualify as a senior citizen, you may be able to get a discount up to 10% on Malibu coverage.
  • Auto/Home Discount – When you combine your home and auto insurance with one company you may save at least 10% off all policies.
  • Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. The discount lasts up to age 25.
  • Payment Discounts – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.
  • Safety Course Discount – Taking part in a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same auto insurance policy may reduce the rate for each vehicle.
  • Federal Government Employee – Active or retired federal employment can earn a discount up to 10% on Malibu coverage depending on your company.

It’s important to understand that most discount credits are not given to the overall cost of the policy. Most cut the cost of specific coverages such as medical payments or collision. So even though it sounds like all the discounts add up to a free policy, it doesn’t quite work that way. Any amount of discount will reduce the cost of coverage.

Insurance companies that may offer these discounts may include but are not limited to:

Before buying, ask every prospective company which discounts you may be entitled to. Savings may not be available everywhere.

Tailor your coverage to you

When it comes to buying the best auto insurance coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that can help discover if your situation may require specific advice.

  • Will filing a claim cost me more?
  • How high should deductibles be on a 2016 Chevy Malibu?
  • What is the ISO rating for a 2016 Chevy Malibu?
  • What are the best liability limits?
  • Do I have coverage when pulling a U-Haul trailer?
  • Am I covered when driving on a suspended license?
  • Does my 2016 Chevy Malibu need full coverage?
  • Does liability extend to a camper or trailer?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Learn about insurance coverages for a 2016 Chevy Malibu

Having a good grasp of your policy aids in choosing the best coverages and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are typical coverage types found on most insurance policies.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like chiropractic care, funeral costs, prosthetic devices and dental work. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 2016 Chevy Malibu.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these coverages are similar to your liability insurance amounts.

Comprehensive insurance

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from flooding, fire damage, vandalism and a broken windshield. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision insurance

This will pay to fix damage to your Malibu caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as colliding with another moving vehicle, scraping a guard rail, hitting a mailbox and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Liability coverages

This coverage provides protection from damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like funeral expenses, medical expenses and bail bonds. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Don’t be a big spender

Lower-priced 2016 Chevy Malibu insurance is available online as well as from independent agents, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who don’t offer online price quotes and these smaller companies work with independent agents.

We just covered many tips how you can lower your insurance rates. The key thing to remember is the more you quote, the higher the chance of saving money. You may even find the best prices are with the smaller companies. Some small companies may only write in your state and offer lower rates as compared to the big name companies such as Allstate and Progressive.

As you shop your coverage around, it’s a bad idea to skimp on coverage in order to save money. In many instances, consumers will sacrifice full coverage only to find out that the few dollars in savings costed them thousands. The proper strategy is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

Additional detailed information is available at these sites: