Chevy Malibu Insurance

Insuring Your Chevy Malibu

And how to get the lowest premiums

Chevy Malibu Insurance

There are a lot of factors that contribute to a driver's car insurance premiums. This has to do with the car's value and safety ratings, as well as the driver's personal information. 

While it's essential to shop around for the best rates, the process can be time-consuming. Consulting an independent insurance agent allows you to quickly get multiple quotes from different insurance companies. An independent agent can help you get car insurance personalized for you and your Chevy Malibu. 

Not sure where to find an independent insurance agent? 

TrustedChoice.com has a find-an-agent tool that can match you with a local independent insurance agent who will walk you through your options and help you find the best possible coverage for your Chevy Malibu. 

What Auto Insurance Policies Do You Need for Your Chevy Malibu?

Bodily injury liability: In many states, you must carry a minimum amount of bodily injury liability. This coverage pays for the cost of medical care and recovery if you cause an accident and the other party is injured. 

Property damage liability: Property damage liability is also required in many states. This policy pays for damage to someone else's property resulting from an accident you caused.

Medical payments/Personal injury protection: Medical payments insurance and personal injury protection isn't required or even available in every state. Talk with your agent about the requirements and the pros and cons of this coverage. This coverage pays for costs of physical recovery for you and your passengers after an accident, no matter who is at fault. 

Uninsured motorist coverage: Not every driver has enough insurance coverage. Many people choose to skip liability insurance to save money, even if doing so is illegal. Uninsured and underinsured motorist coverage offers financial protection if you are in an accident that is the fault of an uninsured driver. 

Optional Coverage

Collision: Collision insurance coverage pays to repair or replace your Chevy if you are in a crash with another car. This policy is part of "full coverage" insurance, so it may not be right for every Malibu owner. Your lender may require you to carry collision insurance coverage on your car if you have a loan or lease. 

Comprehensive: If you are in an accident caused by hitting an animal, your car is hit by a falling object, or you are the victim of auto theft, you'll need comprehensive insurance coverage to get your repair bill paid for or your car replaced. This coverage may also be required by your lender. 

Glass coverage: This inexpensive optional policy pays to replace your Malibu's glass no matter the reason for the breakage. This zero-deductible policy costs just a few dollars per month. 

Gap insurance: You may need gap insurance if you owe more on your loan or lease than your Malibu's fair market value. Gap insurance handles the "gap" between what you owe and the amount the insurance company pays. 

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What Affects the Cost of Insurance for Your Chevy Malibu?

Annual mileage
If you drive more than 10,000 to 15,000 miles yearly, expect to pay slightly higher premiums for auto insurance on your Malibu. 
Your driving record
With a clean driving record, you'll pay a lower insurance rate than drivers with at-fault accidents or moving violations. 
The value of your vehicle
A vehicle's MSRP weighs heavily on the overall cost to insure it. For most insurance companies, the cost of the vehicle is the primary consideration when issuing rate quotes.

Average Chevy Malibu Insurance Costs

The average 40-year-old Chevy Malibu driver with full coverage and a $500 deductible pays $1,384 annually for full coverage auto insurance including collision and comprehensive coverage. Liability-only insurance rates are $332 per year on average. Teen drivers pay average rates of $5,074 per year. Your rates will vary from these averages, however. Fortunately, your agent is an expert in auto insurance and can help you get lower premiums without sacrificing essential coverage. 

The Safety of Your Chevy Malibu

The National Highway Traffic Safety Administration (NHTSA) gave the 2020 Chevy Malibu a 4-star safety rating. US News & World Report gave the Malibu an 8.9 out of 10 safety score. 

Driving a car with safety features that help avoid a crash means you may pay lower insurance premiums. If you choose the newest model with the Driver Confidence Package, you'll get forward-collision warnings, active lane control, lane-departure warnings, land change alert, rear cross-traffic alert, and many other safety features. 

How Location Affects Your Chevy Malibu Insurance 

Here's how average Chevy Malibu full coverage insurance rates for a 40-year-old driver with a good driving record and a $500 deductible vary from one place to the next.

Rural Areas Small Cities Large Cities
$1,038 $1,453 $1,868

This fluctuation in rates means you'll need help from your agent to get quotes based on your location before you can understand how much you may pay to insure your Chevy Malibu. 

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Additional Factors That Affect Your Chevy Malibu Insurance Premiums

  • Safety features like anti-theft devices
  • Age
  • Gender
  • Deductible
  • Credit

Average Cost to Insure a Chevy Malibu

Average annual cost to insure a Chevy Malibu with full coverage $1,398
Teens $5,074
High-risk drivers $2,976
High deductibles $1,188
Low deductibles $1,756
Top three most expensive states for Chevy Malibu insurance
Florida, Michigan, and New York $1,870
Top three most affordable states for Chevy Malibu insurance
New Hampshire, Ohio, and Utah $1,000

Top Independent Insurance Carriers That Insure the Chevy Malibu

According to a recent US Independent Insurance Agent Satisfaction Study by JD Power, the following companies provide excellent service to their insurance customers. 

  1. Progressive
  2. Safeco
  3. Travelers
  4. Auto-Owners Insurance

Get a Chevy Malibu Quote

When you consult an independent insurance agent, you'll have immediate access to their knowledge and connections. Your agent can help you get the lowest possible rates on insurance for your Chevy Malibu. Reach out to an agent quickly by using the TrustedChoice.com find-an-agent tool. TrustedChoice.com can help you get in touch with an independent insurance agent in your area today. 

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IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power, Car and Driver