View 2014 Chevrolet Malibu Hybrid Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 29, 2024

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Want cheaper insurance coverage rates for your Chevrolet Malibu Hybrid? I can’t think of anyone who fancies paying their premiums for insurance coverage, especially when they are aware that they could find lower prices if they just compared rates.

You have so many insurance companies to pick from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to find a good deal.

It’s a great practice to get comparison quotes as often as possible because insurance coverage prices are rarely the same from one policy term to another. Even if you got the lowest price on Malibu Hybrid coverage a few years ago you will most likely find a better rate today. You can find a lot of information about insurance coverage online, but in this article, you’re going to get some of the best ways to reduce your insurance coverage bill.

How to lower your insurance cost

There are several ways of comparing rate quotes from local insurance companies. The quickest method to comparison shop involves getting comparison quotes online. It’s really quite simple and can be done in a couple of different ways.

  1. The recommended way consumers can make multiple comparisons is to use a rate comparison form. This style of form saves time by eliminating separate quotation requests for each price estimate. One quote request will return quotes direct from many companies.
  2. A less efficient way to find lower rates requires visiting each company’s website and complete a new quote form. For examples sake, let’s assume you want to view quotes from USAA, 21st Century and Liberty Mutual. To get each rate you have to take the time to go to each site to input your insurance information, which is why the first method is more popular.
  3. The old school way of getting rate comparisons is to spend time driving to local insurance agencies. The internet makes this unnecessary unless your situation requires the professional abilities that can only be provided by a licensed insurance agent. If you prefer, some companies allow you to find lower rates online but still have the advice of a local agent.

Whichever way you choose to compare rates, ensure you are comparing apples-to-apples deductibles and coverage limits on every price quote you get. If you enter higher or lower deductibles it will be nearly impossible to make a fair comparison for your Chevy Malibu Hybrid. Slightly different limits can result in a big premium difference. It’s important to know that comparing all the rates in your area provides better odds of finding the best price. Some companies don’t provide online rate quotes, so you should also compare quotes from them, too.

Verify you’re getting every discount

Insurance can be prohibitively expensive, but you might already qualify for some discounts that can drop the cost substantially. Some discounts apply automatically at the time you complete a quote, but some discounts are required to be requested specifically prior to getting the savings.

  • Early Renewal Discounts – Some insurance companies provide a discount for signing up prior to the expiration date on your current policy. It could save around 10% when you buy insurance coverage online.
  • Paperless Signup – Some of the larger companies will give you a small discount for buying your policy over the internet.
  • Government Employees – Active or former government employment could qualify for a slight premium decrease on Malibu Hybrid coverage with certain companies.
  • Military Discounts – Having a family member in the military could trigger a small discount.
  • Driver Training Discounts – Successfully completing a course in driver safety could save 5% or more and easily pay for the cost of the class.
  • Theft Deterrent – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and qualify for as much as a 10% discount.

A little note about advertised discounts, some credits don’t apply to the entire cost. Most only reduce specific coverage prices like comp or med pay. Even though it may seem like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But all discounts will help reduce your overall bill.

For a list of companies who offer insurance discounts, enter your zip code here.

When should I discuss my situation with an agent?

When it comes to choosing coverage for your vehicles, there really is not a single plan that fits everyone. Every insured’s situation is different so this has to be addressed. These are some specific questions could help you determine if your situation might need an agent’s assistance.

  • What are the best liability limits?
  • When can my company non-renew my policy?
  • How much liability coverage do I need in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Does my insurance cover my expensive audio equipment?
  • Is there coverage for injuries to my pets?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete your zip code.

Specific coverages for a 2014 Chevy Malibu Hybrid

Learning about specific coverages of insurance helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages found on most insurance policies.

Collision coverage protection

This coverage will pay to fix damage to your Malibu Hybrid from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like rolling your car, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like ambulance fees, rehabilitation expenses and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

Liability insurance can cover damage or injury you incur to people or other property in an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Another option is one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things such as structural damage, emergency aid, repair costs for stationary objects, pain and suffering and medical services. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Comprehensive insurance

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

Comprehensive coverage pays for claims such as hitting a bird, vandalism, hail damage and damage from getting keyed. The most your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Chevy Malibu Hybrid.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

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