2023 Chevrolet Malibu Insurance Quotes in 2024 – 10 Tricks for Best Rates

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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 1, 2024

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Trying to find the cheapest car insurance rates for your Chevrolet Malibu? Are you burned out from scraping nickels together each month for car insurance? You are no different than the majority of other people.

People have multiple insurers to insure vehicles with, and although it’s a good thing to have a selection, so many choices can make it hard to get the best deal.

The quickest way to compare rate quotes is to know the trick all the major auto insurance companies actually pay money for the chance to compare rate quotes. To begin a comparison, all you need to do is provide a little information like your credit rating estimate, if the car is leased, how old drivers are, and your job. That information gets transmitted to many of the top insurers and they return rate quotes quickly.

If you wish to get multiple quotes for your 2023 Chevy Malibu now, click here and complete the form.

Get affordable rates by taking advantage of these ten discounts

Insurance is easily one of your largest bills, but there are discounts available that many people don’t even know exist. A few discounts will automatically apply at the time of purchase, but lesser-known reductions have to be asked about prior to getting the savings. If you check and find you aren’t receiving every discount available, you are paying more than you should be.

  • Auto/Home Discount – If you combine your auto and home policies and insure them both with the same insurance company you could save up to 20% off your total premium.
  • Pay Now and Pay Less – If you can afford to pay the entire bill instead of making monthly payments you may have a lower total premium amount.
  • Homeowners Savings – Simply owning a home can save you money since owning and maintaining a home means you have a higher level of financial diligence.
  • Discount for Good Grades – Excelling in school may save you up to 25%. The good student discount can last up to age 25.
  • Drivers Education – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class as it can save substantially.
  • Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and earn discounts up to 10% off your car insurance quote.
  • Discount for Low Mileage – Driving fewer miles may allow you to get cheaper rates.
  • Senior Citizen Rates – Drivers over the age of 55 may qualify for a discount up to 10% for Malibu insurance.
  • Federal Government Employee – Active or former government employment could provide a small rate reduction for Malibu insurance with a few insurance companies.
  • Discounts for Seat Belt Usage – Requiring all passengers to use their safety belts can save up to 10 percent (depending on the company) off the personal injury premium cost.

Discounts save money, but please remember that most discount credits are not given to the overall cost of the policy. Most only apply to specific coverage prices like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, it just doesn’t work that way.

Popular insurance companies and their possible discounts can be found below.

  • State Farm includes discounts for student away at school, Drive Safe & Save, multiple policy, Steer Clear safe driver discount, anti-theft, good driver, and passive restraint.
  • American Family may offer discounts for good student, early bird, mySafetyValet, accident-free, and defensive driver.
  • GEICO offers discounts for federal employee, daytime running lights, driver training, defensive driver, good student, anti-theft, and emergency military deployment.
  • 21st Century may have discounts that include theft prevention, defensive driver, student driver, early bird, and teen driver.
  • Progressive has savings for homeowner, online quote discount, multi-policy, continuous coverage, multi-vehicle, and good student.

If you want inexpensive car insurance quotes, ask each insurance company which discounts you may be entitled to. Savings may not apply in your state.

How much car insurance do I need?

When it comes to choosing adequate coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that For instance, these questions may help highlight whether or not you would benefit from professional advice.

  • What is high-risk coverage and where do I buy it?
  • Should I rate my 2023 Chevy Malibu as pleasure use or commute?
  • When should I buy a commercial auto policy?
  • Is extra glass coverage worth it?
  • How high should my medical payments coverage be?
  • If I drive on a suspended license am I covered?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out your zip code.

Auto insurance 101

Understanding the coverages of car insurance aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on the average car insurance policy.

Comprehensive (Other than Collision)

This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a deer, damage from a tornado or hurricane, hail damage, hitting a bird and damage from flooding. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

This coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Chevy Malibu.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time these limits do not exceed the liability coverage limits.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like pain medications, doctor visits, prosthetic devices, funeral costs and rehabilitation expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Liability insurance

This will cover damage that occurs to other’s property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for claims like attorney fees, structural damage, pain and suffering, medical expenses and legal defense fees. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as damaging your car on a curb, sideswiping another vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

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