Cheapest 2009 Chevrolet Malibu Insurance Rates in 2023
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UPDATED: Apr 15, 2022
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Insurance shopping is not a process consumers love to do, but like it or not it is mandatory before you can legally be on the road.
It’s a good idea to get comparison quotes on a regular basis since insurance rates fluctuate regularly. Even if you think you had the lowest price for Malibu coverage two years ago you will most likely find a better rate today. So just ignore everything you know about car insurance because you’re about to learn one of the easiest ways to reduce your cost while increasing coverage.
How to cut prices on 2009 Chevy Malibu insurance
Insurance can be prohibitively expensive, but you may find discounts to reduce the 2009 Chevy Malibu price significantly. Some trigger automatically when you get a quote, but a few must be requested specifically before you will receive the discount.
- Safe Driver Discount – Safe drivers may receive a discount of up to 45% less for Malibu coverage than drivers with accidents.
- Save over 55 – Older drivers can possibly qualify for a discount up to 10% for Malibu coverage.
- Drivers Ed for Students – Have your child take driver’s ed class in school.
- Multiple Policy Discount – When you have multiple policies with the same insurance company you may earn 10% to 20% off each policy.
- Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
- Low Mileage Discounts – Driving fewer miles can earn discounted rates on garaged vehicles.
- Multiple Cars – Buying coverage for all your vehicles on one policy may reduce the rate for each vehicle.
Drivers should understand that most discounts do not apply to the entire cost. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any qualifying discounts will cut the amount you have to pay.
Tailor Your Coverage to You
When choosing the right insurance coverage for your personal vehicles, there really is not a cookie-cutter policy. Everyone’s needs are different.
For example, these questions can aid in determining if your insurance needs would benefit from professional advice.
- What is PIP insurance?
- Is my ex-spouse still covered by my policy?
- I have a DUI can I still get coverage?
- Should I sign the liability waiver when renting a car?
- Am I covered if my car is in a flood?
- Is my Chevy Malibu covered if I use it for business?
- Does medical payments coverage apply to all occupants?
- Should I drop comprehensive coverage on older vehicles?
- Can I get a multi-policy discount?
- Should I have a commercial auto policy?
If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form.
Specific Coverages for a 2009 Chevy Malibu
Knowing the specifics of your auto insurance policy can help you determine the right coverages for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement.
Medical expense coverage – Coverage for medical payments and/or PIP provides coverage for expenses for rehabilitation expenses, pain medications, chiropractic care and hospital visits. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Collision – This pays to fix your vehicle from damage from colliding with a stationary object or another vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage pays for claims such as backing into a parked car, crashing into a ditch, sideswiping another vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.
Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Malibu.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Comprehensive protection – This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as rock chips in glass, hitting a bird and falling objects. The highest amount an auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Liability insurance – This coverage protects you from damage that occurs to a person or their property in an accident. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage protects against things like repair bills for other people’s vehicles, funeral expenses, court costs and attorney fees. How much coverage you buy is a personal decision, but consider buying as much as you can afford.
Quote More, Save More
We’ve covered a lot of ways to save on 2009 Chevy Malibu insurance. The key thing to remember is the more rate quotes you have, the better your comparison will be. You may be surprised to find that the best prices are with a lesser-known regional company.
Cheap insurance is possible from both online companies and with local insurance agents, and you need to price shop both to have the best rate selection. Some insurance providers do not offer online quoting and many times these regional insurance providers only sell through independent insurance agents.
As you go through the steps to switch your coverage, do not skimp on critical coverages to save a buck or two. There have been many situations where consumers will sacrifice uninsured motorists or liability limits only to regret that the few dollars in savings cost them thousands. The proper strategy is to buy enough coverage at a price you can afford while not skimping on critical coverages.
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