Chevrolet Malibu Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Apr 15, 2022

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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.

Average insurance rates for a Chevrolet Malibu are $1,024 a year for full coverage. Comprehensive costs on average $170 a year, collision costs $222, and liability insurance costs $474. A liability-only policy costs as little as $522 a year, with high-risk insurance costing around $2,204. Teen drivers receive the highest rates at $4,114 a year or more.

Average premium for full coverage: $1,024

Rate estimates by individual coverage type:

Comprehensive $170
Collision $222
Liability $474

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and Malibu trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $522 for only liability insurance to a high of $2,204 for a high risk driver.

Liability Only $522
Full Coverage $1,024
High Risk $2,204

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $768
Small Cities $1,075
Large Cities $1,382

These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying on price averages.

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.

Insurance Rate Analysis

The chart below shows estimated Chevrolet Malibu insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $622
  • Drivers who choose higher $1,000 deductibles will pay around $934 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,024
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,194
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,204 or more
  • The cost for full coverage for a teen driver may cost $4,114 a year

View Chart as Image

Chevrolet Malibu insurance cost comparison chart
Column chart showing full coverage Chevrolet Malibu insurance rates range from $622 to $4,114

for a Chevrolet Malibu can also vary considerably based on your driver profile, the trim level of your Malibu, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $1,000 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $4,100 a year. View Rates by Age

Where you live makes a big difference in Chevrolet Malibu insurance rates. A 40-year-old driver could pay as low as $680 a year in states like Idaho, Maine, and Iowa, or as much as $1,460 on average in Michigan, Louisiana, and New York.

Chevrolet Malibu Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $928 -$96 -9.4%
Alaska $784 -$240 -23.4%
Arizona $848 -$176 -17.2%
Arkansas $1,024 -$0 0.0%
California $1,168 $144 14.1%
Colorado $978 -$46 -4.5%
Connecticut $1,052 $28 2.7%
Delaware $1,160 $136 13.3%
Florida $1,282 $258 25.2%
Georgia $944 -$80 -7.8%
Hawaii $736 -$288 -28.1%
Idaho $690 -$334 -32.6%
Illinois $762 -$262 -25.6%
Indiana $770 -$254 -24.8%
Iowa $690 -$334 -32.6%
Kansas $974 -$50 -4.9%
Kentucky $1,398 $374 36.5%
Louisiana $1,514 $490 47.9%
Maine $632 -$392 -38.3%
Maryland $844 -$180 -17.6%
Massachusetts $820 -$204 -19.9%
Michigan $1,778 $754 73.6%
Minnesota $856 -$168 -16.4%
Mississippi $1,226 $202 19.7%
Missouri $908 -$116 -11.3%
Montana $1,100 $76 7.4%
Nebraska $808 -$216 -21.1%
Nevada $1,228 $204 19.9%
New Hampshire $736 -$288 -28.1%
New Jersey $1,144 $120 11.7%
New Mexico $908 -$116 -11.3%
New York $1,078 $54 5.3%
North Carolina $590 -$434 -42.4%
North Dakota $838 -$186 -18.2%
Ohio $706 -$318 -31.1%
Oklahoma $1,052 $28 2.7%
Oregon $938 -$86 -8.4%
Pennsylvania $978 -$46 -4.5%
Rhode Island $1,364 $340 33.2%
South Carolina $928 -$96 -9.4%
South Dakota $866 -$158 -15.4%
Tennessee $896 -$128 -12.5%
Texas $1,234 $210 20.5%
Utah $758 -$266 -26.0%
Vermont $702 -$322 -31.4%
Virginia $614 -$410 -40.0%
Washington $792 -$232 -22.7%
West Virginia $938 -$86 -8.4%
Wisconsin $710 -$314 -30.7%
Wyoming $912 -$112 -10.9%

View Chart as Image

Chevrolet Malibu insurance rates by U.S. city

Choosing high deductibles could save up to $260 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $426 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,200 to $1,700 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 41% to 130% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

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 $990 $83
Chevrolet Malibu Hybrid $1,016 $85
Chevrolet Malibu LT $1,012 $84
Chevrolet Malibu LTZ $1,052 $88

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 $284 $494 $416 $1,352
2019 Chevrolet Malibu $274 $474 $430 $1,336
2018 Chevrolet Malibu $260 $458 $442 $1,318
2017 Chevrolet Malibu $250 $424 $452 $1,284
2016 Chevrolet Malibu $240 $400 $456 $1,254
2015 Chevrolet Malibu $230 $358 $460 $1,206
2014 Chevrolet Malibu $214 $330 $460 $1,162
2013 Chevrolet Malibu $206 $310 $464 $1,138
2012 Chevrolet Malibu $202 $288 $474 $1,122
2011 Chevrolet Malibu $186 $268 $474 $1,086
2010 Chevrolet Malibu $182 $244 $478 $1,062
2009 Chevrolet Malibu $170 $222 $474 $1,024
2008 Chevrolet Malibu $160 $202 $474 $994
2007 Chevrolet Malibu $154 $182 $468 $962
2006 Chevrolet Malibu $152 $178 $460 $948
2005 Chevrolet Malibu $150 $168 $452 $928
2004 Chevrolet Malibu $138 $160 $446 $902
2003 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 Find Cheaper Chevrolet Malibu Insurance

Saving money on Chevrolet Malibu insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $250 each year
  • Drivers can save as much as $110 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $520 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $343 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $1,180 more each year for insurance

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 $4,114
20 $2,338
30 $1,042
40 $1,024
50 $940
60 $920

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Malibu Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,194
$250 $1,116
$500 $1,024
$1,000 $934

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Malibu Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,024
50/100 $1,147
100/300 $1,265
250/500 $1,573
100 CSL $1,194
300 CSL $1,455
500 CSL $1,645

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Malibu Insurance Rates for High Risk Drivers
Age Premium
16 $5,796
20 $3,728
30 $2,222
40 $2,204
50 $2,106
60 $2,084

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 $137

Potential Rate Discounts

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

Discount Savings
Multi-policy $52
Multi-vehicle $55
Homeowner $18
5-yr Accident Free $62
5-yr Claim Free $64
Paid in Full/EFT $37
Advance Quote $45
Online Quote $69
Total Discounts $402
Rate after discounts $622

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

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