Compare Chevy Malibu Insurance Rate Quotes in Chula Vista

The recommended way to get discount Chevy Malibu insurance is to start comparing prices yearly from insurers that sell auto insurance in Chula Vista.

  1. Get an understanding of the different coverages in a policy and the things you can change to lower rates. Many policy risk factors that cause high rates like accidents, careless driving, and an unacceptable credit history can be remedied by being financially responsible and driving safely.
  2. Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Allstate, while agents who are independent can quote prices for a wide range of insurance providers. Begin your rate comparison
  3. Compare the price quotes to the price on your current policy and see if you can save money. If you find a better price, make sure there is no lapse in coverage.
  4. Notify your agent or company to cancel your current policy. Submit a down payment and signed policy application for the new policy. Make sure you put the proof of insurance paperwork in an accessible location in your vehicle.

One key aspect of rate comparisons is to use the same level of coverage on every quote and and to compare as many auto insurance providers as possible. Doing this guarantees a level playing field and many rates to choose from.

Insurance rates Chevy Malibu in Chula VistaSmart shoppers know that car insurance companies don’t want their customers to go rate shopping. People who get price comparisons will probably switch companies because of the high probability of finding better rates. A recent auto insurance study discovered that people who routinely compared rates saved on average $3,400 over four years compared to those who didn’t regularly shop around.

If finding the cheapest price on Chevy Malibu insurance is your objective, then learning a little about the best way to quote and compare insurance rates can save money and time.

Insurance rate breakdown

The premium information shown next highlights different insurance policy prices for Chevy Malibu models. Learning more about how insurance policy rates are calculated can help customers make smart choices when comparing insurance quotes.

Chevrolet Malibu Insurance Rates in Chula Vista, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $182 $372 $500 $30 $150 $1,234 $103
Malibu Hybrid $182 $372 $500 $30 $150 $1,234 $103
Malibu LT $204 $372 $500 $30 $150 $1,256 $105
Malibu LTZ $204 $440 $500 $30 $150 $1,324 $110
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise coverage prices substantially.

Can higher deductibles save money?

One frequently asked question is how high should the deductibles for physical damage be. The data tables below sum up the price difference between high and low insurance deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Chevrolet Malibu insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $380 $686 $442 $26 $132 $1,691 $141
Malibu Hybrid $380 $686 $442 $26 $132 $1,691 $141
Malibu LT $430 $686 $442 $26 $132 $1,741 $145
Malibu LTZ $430 $810 $442 $26 $132 $1,865 $155
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Chevrolet Malibu insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $210 $362 $442 $26 $132 $1,172 $98
Malibu Hybrid $210 $362 $442 $26 $132 $1,172 $98
Malibu LT $238 $362 $442 $26 $132 $1,200 $100
Malibu LTZ $238 $426 $442 $26 $132 $1,264 $105
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in vehicle location which can decrease or increase premiums significantly.

Based on this data, using a $100 deductible will cost you approximately $46 more each month or $552 annually than selecting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 20 months between claims, you would probably come out ahead if you opt for a higher deductible. The table below illustrates the way you can decide this on your own policy.

Average monthly premium for $100 deductibles: $146
Average monthly premium for $1,000 deductibles (subtract): – $100
Monthly savings from raising deductible: $46
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $46
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

Driving violations and accidents

The chart below illustrates how violations and at-fault collisions can influence Chevy Malibu car insurance costs for different insured age categories. The information is based on a married male driver, full coverage, $250 deductibles, and no discounts are applied.

Chevrolet Malibu liability rates compared to full coverage

The diagram below visualizes the comparison of Chevy Malibu car insurance costs with and without physical damage coverage. The data is based on no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no policy discounts are applied.

When to drop comp and collision

There is no definitive formula to stop buying comp and collision coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s say your Chevy Malibu book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the policy deductible has been paid. If it’s costing you more than $700 annually to have full coverage, then it could be time to drop full coverage.

There are some conditions where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not opt for liability only.

Five Things That Influence Your Insurance Prices

Many different elements are taken into consideration when quoting car insurance. Most are fairly basic like your driving record, but others are not quite as obvious such as whether you are married or your commute time.

The itemized list below are a partial list of the pieces used by your company to calculate rates.

Low credit rating equals high costs – Your credit score is a big factor in calculating your auto insurance rates. Therefore, if your credit history could use some work, you may save money insuring your Chevrolet Malibu if you improve your credit rating. Consumers who have good credit tend to file fewer claims and have better driving records than those with bad credit.

Get cheaper prices after the wedding – Having a significant other may cut your premiums when shopping for auto insurance. Having a spouse translates into being more mature and responsible it has been statistically shown that drivers who are married are more cautious.

Save money by having multiple policies – Lots of auto insurance companies give lower prices to buyers that have more than one policy such as combining an auto and homeowners policy. The discount can add up to ten or even fifteen percent. Even if you qualify for this discount already, drivers will still want to compare other company rates to make sure you are getting the best deal. Consumers may save even more than the discount by buying from different companies

Drive less and pay lower prices – The more you drive your Chevy annually the more it will cost to insure it. Most companies charge rates based upon how you use the vehicle. Vehicles left parked in the garage can be on a lower rate level than cars that get driven a lot. A policy that improperly rates your Malibu is throwing money out the window. Verify your auto insurance policy is rated on the right rating data, because it can save money.

Teen drivers pay higher premiums – Teen drivers in California have a tendency to be inattentive when driving and because of this, their auto insurance rates are much higher. Older, more experienced drivers are viewed as being more responsible, are lower risk to insure, and receive fewer citations.

The data below assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

Claims statistics for a Chevy Malibu – Companies include the past claim history for a vehicle when they set coverage costs for each model. Vehicles that statistically have high amounts or severity of claims will be charged more to insure.

The next table illustrates the insurance loss data used by companies for Chevy Malibu vehicles. For each policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is represented as 100. Values that are below 100 indicate a favorable loss history, while percentages above 100 point to more claims or an increased chance of larger losses than average.

Auto Insurance Loss Data for Chevrolet Malibu Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

One last thing to lower rates

Some car insurance companies don’t offer the ability to get a quote online and these small insurance companies only sell through independent insurance agents. Affordable Chevy Malibu insurance in Chula Vista can be sourced both online and from local agencies, and you should compare rates from both to have the best chance of lowering rates.

You just learned a lot of tips how to shop for Chevy Malibu insurance online. The key thing to remember is the more times you quote, the higher your chance of finding low cost Chula Vista auto insurance quotes. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising.

When shopping online for car insurance, make sure you don’t reduce needed coverages to save money. Too many times, an insured cut liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at the lowest possible cost, not the least amount of coverage.

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