Chevrolet Malibu Insurance 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: Jun 4, 2023

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How much does a Chevrolet Malibu cost to insure? The average Chevrolet Malibu insurance rates are $115 per month or $1,384 annually. However, many factors impact your ability to get affordable Chevy Malibu car insurance, like the age of your vehicle. For example, the 2010 Chevy Malibu insurance costs will be less than the 2017 Chevy Malibu insurance costs or even the cost of a Chevy Malibu 2012 model. 

Some people, like teen drivers, might require high-risk car insurance, which could increase your Chevy Malibu costs, while others may be low-risk drivers eligible for cheap car insurance for the Malibu. The insurance costs for a 2016 Chevrolet Malibu for a teenager will, therefore, be higher than an older driver. 

No matter your circumstances, read through our comprehensive guide to learn how to lower your rates for insurance on a Chevy Malibu. Different Chevy Malibu car insurance companies will provide different Chevy Malibu car insurance quotes so remember to shop around.

When you’re ready to secure affordable car insurance rates for a Chevy Malibu, just enter your five-digit ZIP code into our FREE quote comparison tool to get started.

Estimated auto insurance rates for a Chevrolet Malibu are $994 annually for full coverage. Comprehensive insurance costs an estimated $160, collision costs $202, and liability coverage is $474. A policy with only liability insurance costs around $522 a year, with a high-risk policy costing $2,134 or more. Teenage drivers pay the most at $4,018 a year or more.

Average premium for full coverage: $994

Premium estimates broken down by type of coverage:

Comprehensive $160
Collision $202
Liability $474

Includes $500 policy deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and for different Malibu trim levels.

Insurance Price Range by Risk and Coverage

For the average driver, insurance rates for a Chevrolet Malibu go from as cheap as $522 for just the minimum liability insurance to a much higher rate of $2,134 for a driver that may need high-risk insurance.

Liability Only $522
Full Coverage $994
High Risk $2,134

Insurance Price Range by Location

Choosing to live in a large city has a large influence on insurance rates. More rural locations are statistically proven to have fewer accident claims than densely populated cities.

The price range example below illustrates how location impacts insurance prices.

Rural Areas $746
Small Cities $1,044
Large Cities $1,342

These rate differences show why anyone shopping for car insurance should compare rates quotes for a targeted area and their own personal driving habits, rather than using average rates.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Analysis

The chart below shows estimated Chevrolet Malibu insurance rates for other coverage scenarios.

  • The best discount rate is $605
  • Raising to $1,000 deductibles will save approximately $82 a year
  • The estimated rate for a 40-year-old good driver who has $500 deductibles is $994
  • Using more expensive low deductibles costs an additional $154 each year
  • Unlucky drivers who are prone to accidents and violations could pay up to $2,134 or more
  • An auto insurance policy with full coverage for a teenage driver with full coverage can cost as much as $4,018

View Chart as Image

Chevrolet Malibu insurance cost comparison chart
Column chart showing full coverage Chevrolet Malibu insurance prices range from $605 to $4,018

Car insurance prices for a Chevrolet Malibu also have a wide range based on the model of your Malibu, your driver profile, and liability limits and deductibles.

An older driver with no driving violations and high physical damage deductibles may only pay around $900 every 12 months on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will be charged at least $4,000 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying $1,200 to $1,700 extra annually, depending on your age. High-risk driver insurance is expensive and can cost around 42% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can reduce prices by up to $240 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live also has a big influence on Chevrolet Malibu insurance rates. A middle-age driver might find prices as low as $660 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,420 on average in New York, Louisiana, and Michigan.

Chevrolet Malibu Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $898 -$96 -9.7%
Alaska $760 -$234 -23.5%
Arizona $824 -$170 -17.1%
Arkansas $994 -$0 0.0%
California $1,132 $138 13.9%
Colorado $948 -$46 -4.6%
Connecticut $1,022 $28 2.8%
Delaware $1,124 $130 13.1%
Florida $1,244 $250 25.2%
Georgia $916 -$78 -7.8%
Hawaii $714 -$280 -28.2%
Idaho $670 -$324 -32.6%
Illinois $738 -$256 -25.8%
Indiana $746 -$248 -24.9%
Iowa $670 -$324 -32.6%
Kansas $946 -$48 -4.8%
Kentucky $1,356 $362 36.4%
Louisiana $1,470 $476 47.9%
Maine $612 -$382 -38.4%
Maryland $818 -$176 -17.7%
Massachusetts $796 -$198 -19.9%
Michigan $1,726 $732 73.6%
Minnesota $832 -$162 -16.3%
Mississippi $1,190 $196 19.7%
Missouri $882 -$112 -11.3%
Montana $1,068 $74 7.4%
Nebraska $784 -$210 -21.1%
Nevada $1,192 $198 19.9%
New Hampshire $714 -$280 -28.2%
New Jersey $1,110 $116 11.7%
New Mexico $880 -$114 -11.5%
New York $1,046 $52 5.2%
North Carolina $572 -$422 -42.5%
North Dakota $814 -$180 -18.1%
Ohio $686 -$308 -31.0%
Oklahoma $1,022 $28 2.8%
Oregon $910 -$84 -8.5%
Pennsylvania $948 -$46 -4.6%
Rhode Island $1,324 $330 33.2%
South Carolina $898 -$96 -9.7%
South Dakota $838 -$156 -15.7%
Tennessee $870 -$124 -12.5%
Texas $1,198 $204 20.5%
Utah $736 -$258 -26.0%
Vermont $682 -$312 -31.4%
Virginia $596 -$398 -40.0%
Washington $770 -$224 -22.5%
West Virginia $910 -$84 -8.5%
Wisconsin $688 -$306 -30.8%
Wyoming $886 -$108 -10.9%

View Chart as Image

Chevrolet Malibu insurance rates by U.S. city

With such a large range in prices, the only way to know which insurance company is cheapest is to compare prices and see how they stack up. Every auto insurance company uses a different method to calculate prices, so rate quotes will be substantially different between companies.

Insurance Rates by Trim Level and Model Year

Chevrolet Malibu Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Chevrolet Malibu LS $962 $80
Chevrolet Malibu Hybrid $986 $82
Chevrolet Malibu LT $982 $82
Chevrolet Malibu LTZ $1,020 $85

Rates assume 2009 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Chevrolet Malibu Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Chevrolet Malibu $274 $474 $430 $1,336
2019 Chevrolet Malibu $260 $458 $442 $1,318
2018 Chevrolet Malibu $250 $424 $452 $1,284
2017 Chevrolet Malibu $240 $400 $456 $1,254
2016 Chevrolet Malibu $230 $358 $460 $1,206
2015 Chevrolet Malibu $214 $330 $460 $1,162
2014 Chevrolet Malibu $206 $310 $464 $1,138
2013 Chevrolet Malibu $202 $288 $474 $1,122
2012 Chevrolet Malibu $186 $268 $474 $1,086
2011 Chevrolet Malibu $182 $244 $478 $1,062
2010 Chevrolet Malibu $170 $222 $474 $1,024
2009 Chevrolet Malibu $160 $202 $474 $994
2008 Chevrolet Malibu $154 $182 $468 $962
2007 Chevrolet Malibu $152 $178 $460 $948
2006 Chevrolet Malibu $150 $168 $452 $928
2005 Chevrolet Malibu $138 $160 $446 $902
2004 Chevrolet Malibu $132 $152 $442 $884

Rates are averaged for all Chevrolet Malibu models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Buy the Cheapest Chevrolet Malibu Insurance

Finding better rates on auto insurance consists of being a good driver, having a good credit score, not filing small claims, and not having any coverage lapses. Spend time shopping around once a year by getting rate quotes from direct carriers, and also from local exclusive and independent agents.

The following list is a recap of the data that was touched on above.

  • Drivers can save approximately $110 per year simply by shopping early and online
  • Consumers who want an increased level of liability coverage will pay an extra $520 each year to raise from 30/60 bodily injury limits to higher 250/500 limits
  • Drivers age 16 to 20 have the highest car insurance prices, as much as $335 per month if comprehensive and collision insurance is included
  • Drivers that have major violations or accidents may pay on average $1,140 more annually than a safer driver

As you can see from the above information, the price of a 2018 Chevy Malibu for insurance will be different than the 2016 Chevy Malibu insurance costs. The 2014 Chevy Malibu price ranges will also be different, and it’s important to know the different before buying Chevy Malibu car insurance.

Whether you want to know how much does a 2016 Chevy Malibu cost to insure, or what’s the cost of a Chevy Malibu 2018 model for insurance, we can help you get the lowest rates. Just enter your five-digit ZIP code into our FREE quote comparison tool below to get the best Chevy Malibu insurance rates.

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What are the safety ratings for the Chevrolet Malibu?

Looking at the Chevrolet Malibu safety ratings can help you discover which discounts you may qualify for, and what might be costing you extra money. 

Take a look at this vehicle’s safety ratings below:

  • Small overlap front (driver-side): Good
  • Small overlap front (passenger-side): Marginal
  • Moderate overlap front: Good
  • Side: Good
  • Roof strength: Good
  • Head restraints and seats: Good

A rating of ‘Good’ is the highest possible score given by the Insurance Institute for Highway Safety. These nearly perfect ratings will help minimize your car insurance rates.

Because it was redesigned in 2008, you can use the 2008 Chevy Malibu price range and safety ratings as a good starting point for all newer versions of this car. 

Just remember, the 2012 Chevrolet Malibu costs will be higher because it’s newer. The same goes for the 2016 Chevrolet Malibu costs, and of course the 2018 Chevrolet Malibu costs, and so one and so forth. 

You may be wondering are Chevy Malibu parts expensive to replace? If so, insurance companies will charge more for coverage. Unfortunately, these cars are pricier to fix. For example, the 2016 Malibu price range is above average.

Chevrolet Malibu Compared Against other Vehicles in the Same Class

Comparing the Chevrolet Malibu to similar vehicles can help you save money, especially if the Chevrolet Malibu has a better loss ratio than other vehicles in its class. 

Is a Chevy Malibu a sports car? No, officially, the Insurance Institute for Highway Safety classifies it as a midsize four-door sedan. There are different variations, like the 2012 Malibu LT2, and the 2018 Malibu LTZ. 

Take a look at some other comparable vehicles below.

Unfortunately, the Chevrolet Malibu has substantially worse than average personal injury and medical payment insurance loss ratios, at 43 percent and 62 percent respectively. The bodily injury insurance loss ratio is worse than average at 28 percent. These numbers definitely lead to higher insurance rates. 

Let’s talk about how much does a Malibu cost based on the model age. How much does a brand new Chevy Malibu cost? Depending on what model you choose, the cost is right under $30,000 in total. 

Older versions will cost less. How much is a 2012 Malibu worth? A 2012 Chevy Malibu costs around $23,000, and a 2015 Malibu costs just a little more. 

For those wanting to buy used, an older 2008 Chevy Malibu is worth under $3,000 total. This is similar to how much a 2006 Chevy Malibu is worth. When you get to the 2011 Malibu costs, the totals jump back above $20,000. 

Asking is the 2020 Chevy Malibu a good car is pretty subjective, so don’t hesitate to take a Chevy Malibu LTZ 2020 model for a test drive before choosing to buy.

Research is important when looking at car models. For example. when it comes to how much is a Chevy Malibu 2018 model, the total cost is lower than older Malibus due to electrical issues that cause the engine to fail. Therefore, how much a 2012 Chevy Malibu is worth is more than the 2018 model. 

You’re now an expert on getting the best Chevy Malibu insurance quotes. Ready to see your low-cost quotes? Just enter your ZIP code into our FREE quote comparison tool to get the best Chevy Malibu car insurance rates from top auto insurance companies.

Rates by Driver Age

Chevrolet Malibu Insurance Rates by Driver Age
Driver Age Premium
16 $4,018
20 $2,266
30 $1,010
40 $994
50 $910
60 $892

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Malibu Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,148
$250 $1,078
$500 $994
$1,000 $912

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Malibu Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $994
50/100 $1,115
100/300 $1,233
250/500 $1,541
100 CSL $1,162
300 CSL $1,423
500 CSL $1,613

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Malibu Insurance Rates for High Risk Drivers
Age Premium
16 $5,654
20 $3,616
30 $2,150
40 $2,134
50 $2,042
60 $2,020

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $133

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $50
Multi-vehicle $54
Homeowner $18
5-yr Accident Free $60
5-yr Claim Free $62
Paid in Full/EFT $35
Advance Quote $43
Online Quote $67
Total Discounts $389
Rate after discounts $605

Discounts are estimated and may not be available from every company or in every state.

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