Car Insurance Rate Quotes for a Chevy Malibu in Los Angeles

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Are you tired of overpaying and want more competitive Chevy Malibu insurance in Los Angeles? I doubt anyone likes having to buy auto insurance, especially knowing the price is too high.

Insurance quote for Chevy Malibu in Los AngelesWe don't have to tell you that car insurance companies don't want you to look for a cheaper policy. People who shop around for the cheapest price are very likely to move their business because there are good odds of finding a more affordable policy. A recent survey revealed that people who compared rates regularly saved on average $3,400 over four years as compared to drivers who don't regularly compare prices.

If finding the most affordable insurance in Los Angeles is why you're here, then learning about how to get free comparison quotes and analyze auto insurance can make it easier to find better rates.

There is such a variety of auto insurance companies to pick from, and although it's a good thing to have multiple companies, too many choices makes it more difficult to compare rates and find the lowest cost auto insurance.

It's smart to compare rates quite often because rates trend upward over time. Just because you had the best premium rates on Chevy Malibu insurance in Los Angeles on your last policy you can probably find a better price now. Block out anything you think you know about auto insurance because it's time to teach you the fastest and easiest way to find better rates and still maintain coverage.

Shopping for the most affordable car insurance policy in Los Angeles can be fairly easy. Just about each driver who shops for car insurance will more than likely find a lower-cost company. Although California vehicle owners can benefit by having an understanding of the way companies price insurance differently and use this information to your advantage.

The most recommended method to compare insurance rates from multiple companies is to know the fact almost all companies participate in a system to give you rate quotes. The only thing you need to do is provide a small amount of information including deductibles desired, what your job is, if a SR-22 is needed, and if you are currently licensed. Those rating factors is then submitted to multiple different insurance companies and they return rate quotes almost instantly.

To start a quote now, click here and find out if lower rates are available in Los Angeles.

The following companies are our best choices to provide free rate quotes in California. If more than one company is shown, it's a good idea that you visit as many as you can to get the best price comparison.

Lower rates by qualifying for discounts

Companies that sell car insurance do not advertise every available discount in an easy-to-find place, so the following is a list of some of the more common and also the more inconspicuous credits available to you.Save money with discounts

  • Membership in Organizations - Being in a qualifying organization could qualify you for a break on your policy.
  • Multi-car Discount - Drivers who insure multiple vehicles with the same car insurance company can get a discount for every vehicle.
  • Drivers Education - Require your teen driver to successfully take a driver's education course if it's offered in school.
  • Passenger Safety Discount - Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts up to 30%.
  • Life Insurance - Insurance companies who offer life insurance give a discounted rate on car insurance if you buy a life insurance policy as well.
  • Seat Belt Discounts - Drivers who require all occupants to buckle up can save 10% or more off PIP or medical payments premium.
  • Early Switch Discount - Some car insurance companies provide a discount for renewing your policy before your current expiration date. Ten percent is about the average savings.
  • Discount for Multiple Policies - If you can bundle your homeowners and auto insurance with the same insurance company you will save approximately 10% to 15%.
  • Accident Waiver - Not really a discount, but certain companies will let one accident slide before they charge you more for coverage with the catch being you have to be claim-free for a particular time prior to the accident.
  • Onboard Data Collection - Policyholders that allow data collection to study where and when they drive through the use of a telematics system like Allstate's Drivewise might see lower rates as long as the data is positive.

As is typical with insurance, some credits don't apply to the entire cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. Even though it appears it's possible to get free car insurance, you're out of luck.

The chart below visualizes the comparison of Chevy Malibu premium costs with and without discounts. The price estimates are based on a female driver, no claims or driving citations, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, multi-car, claim-free, and homeowner discounts applied.

The best car insurance companies and a partial list of their discounts are shown below.

  • State Farm has discounts for Drive Safe & Save, accident-free, good driver, safe vehicle, multiple autos, and multiple policy.
  • Farmers Insurance includes discounts for early shopping, pay in full, good student, teen driver, mature driver, and electronic funds transfer.
  • Progressive may offer discounts for online signing, continuous coverage, multi-vehicle, good student, multi-policy, and online quote discount.
  • GEICO may include discounts for defensive driver, membership and employees, federal employee, multi-vehicle, and anti-lock brakes.
  • Auto-Owners Insurance discounts include paperless, student away at school, safe driver, air bags, anti-lock brakes, anti-theft, and multiple vehicles.
  • The Hartford policyholders can earn discounts including bundle, defensive driver, vehicle fuel type, air bag, good student, and driver training.
  • Farm Bureau offers discounts for good student, multi-policy, multi-vehicle, renewal discount, driver training, and safe driver.
  • USAA offers discounts including loyalty savings, family discount, multi-vehicle, driver training, safe driver, vehicle storage, and defensive driver.

If you are trying to find affordable Los Angeles auto insurance quotes, ask every prospective company to apply every possible discount. Some discounts listed above might not be available to policyholders in Los Angeles. If you would like to choose from a list of providers with the best Chevy Malibu insurance discounts in Los Angeles, click here.

Chevy Malibu insurance charts and tables

The table shown next showcases detailed analysis of coverage prices for Chevy Malibu models. Learning how insurance prices are established is important for making decisions when shopping around.

Chevrolet Malibu Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $278 $464 $442 $26 $132 $1,342 $112
Malibu Hybrid $278 $464 $442 $26 $132 $1,342 $112
Malibu LT $314 $464 $442 $26 $132 $1,378 $115
Malibu LTZ $314 $546 $442 $26 $132 $1,460 $122
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rate quotes do not factor in specific Los Angeles garaging location which can lower or raise auto insurance rates considerably.

Physical damage deductible comparison

A question often asked by Los Angeles drivers is how high should the physical damage deductibles be. The comparison tables below may help you to understand the rate differences when you select higher and lower policy deductibles. The first rate estimation uses a $100 deductible and the second rate table uses a $1,000 deductible.

Chevrolet Malibu insurance 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 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
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Price estimates do not factor in specific location which can raise or lower premiums substantially.

We can derive from the above data that using a $100 deductible costs about $46 more each month or $552 annually averaged for all Malibu models than selecting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average more than 20 months between claims, you would probably save some money by selecting a higher deductible.

Insurance rates are higher with tickets and accidents

The illustration below shows how violations and accidents influence Chevy Malibu insurance costs for different age groups of insureds. The prices are based on a married female driver, full coverage, $100 deductibles, and no policy discounts are applied.

Insurance premiums based on gender

The illustration below compares Chevy Malibu annual premium costs for male and female drivers. The data is based on a clean driving record, no claims, full coverage, $500 deductibles, single status, and no policy discounts are applied.

Comparison of full coverage and liability-only policies

The illustration below illustrates the comparison of Chevy Malibu insurance rates with full physical damage coverage compared to only buying liability only. The costs are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no policy discounts are applied.

When to drop comprehensive and collision

There is no clear-cut rule of when to eliminate full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's say your Chevy Malibu book value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after you pay the deductible. If premium cost is more than $800 a year for your policy with full coverage, then it could be time to drop full coverage.

There are some conditions where only buying liability is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Insurance agents can find coverage gaps

Some consumers just want to talk to a local agent and that is a smart decision The best thing about getting free rate quotes online is you can get cheaper premium rates and still have an agent to talk to. And supporting local insurance agencies is especially important in Los Angeles.

Insurance agency in Los AngelesFor easy comparison, once you complete this quick form, your insurance data is instantly submitted to participating agents in Los Angeles that give free quotes to get your business. There is no need to contact any insurance agencies because prices are sent directly to your email. You can find better rates without requiring a lot of work. If you want to compare rates from a specific company, don't hesitate to jump over to their website and fill out their quote form.

Is an exclusive or independent car insurance agent right for you?

If you need to find a reliable agent, you need to know there are two types of insurance agents and how they differ in how they can insure your vehicles. Insurance agencies in Los Angeles can be categorized as either independent (non-exclusive) or exclusive.

Independent Agents

Independent agencies do not write with just one company so as a result can place your coverage with many different companies depending on which coverage is best. If your agent finds better pricing, they simply move your policy to a different company and you don't have to switch agencies. When comparing auto insurance prices, we highly recommend that you compare prices from a couple of independent agencies for the best price selection.

Below is a list of independent insurance agents in Los Angeles that can possibly get you competitive price quotes.


3349 Cahuenga Blvd W #2 - Los Angeles, CA 90068 - (323) 876-1980 - View Map


2861 Robertson Blvd - Los Angeles, CA 90034 - (310) 280-0946 - View Map


621 S Westmoreland Ave - Los Angeles, CA 90005 - (213) 384-2062 - View Map

More insurance agents

Exclusive Agents

Exclusive agencies can only provide pricing for a single company such as Farmers Insurance, State Farm, Allstate, and AAA. They are unable to provide prices from multiple companies so always compare other rates. Exclusive agencies are usually well trained on the products they sell and that enables them to sell even at higher rates.

Shown below is a short list of exclusive agencies in Los Angeles that are able to give rate quotes.


3130 S Sepulveda Blvd f - Los Angeles, CA 90034 - (310) 479-0080 - View Map


3700 Wilshire Blvd #567 - Los Angeles, CA 90010 - (213) 365-1600 - View Map


12245 California Route 2 - Los Angeles, CA 90025 - (310) 826-8700 - View Map

More insurance agents

Choosing an insurance agent requires you to look at more than just the price. The questions below may impact your decision as well.

  • Does the agency have a good rating with the Better Business Bureau?
  • What kind of financial rating does the company have?
  • Do they have 24-hour customer assistance?
  • Will high miles depreciate repair valuations?
  • How long has their agency been in business in Los Angeles?

Once you have positive feedback to any questions you may have and an acceptable price quote, you have narrowed it down to an auto insurance agent that meets the criteria to insure your vehicles. It's important to know that you can always cancel a policy at any point so never assume you are locked into a specific company for a certain time period.

Why Your Insurance Costs might be higher

Many different elements are part of the calculation when you get a price on insurance. Some are obvious such as traffic violations, but other criteria are less apparent such as whether you are married or your vehicle rating.

Do you really need the incidental coverages? - Policies have extra coverages you can purchase if you don't pay attention. Coverage for things like replacement cost coverage, accidental death, and Farm Bureau memberships may be costing you every month. You may think they are a good idea when talking to your agent, but if you don't need them consider taking them off your policy.

More mileage equals more premium - Driving more miles in a year's time the higher your rate. Almost all companies apply a rate based upon how much you drive. Cars and trucks not used for work or commuting can be on a lower rate level than those that get driven frequently. Make sure your policy is showing annual mileage. Improper usage on your Malibu may be costing you higher rates.

Poor credit decisions can cost you - Your credit rating will be a significant factor in determining premium rates. People with excellent credit scores tend to be better risks to insure than drivers with worse credit. If your credit is lower than you'd like, you could save money insuring your Chevrolet Malibu by repairing your credit.

Never have policy lapses - Having an insurance coverage lapse is a fast way to increase your rates. Not only will rates go up, the inability to provide proof of insurance can result in fines and jail time.

Less chance of injury means lower insurance rates - Vehicles that have high safety ratings are cheaper to insure. Vehicles engineered for safety reduce occupant injuries and reduced instances of injuries translates into savings for insurance companies passed on to you as lower rates. If your Chevy is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.

Where you reside factors in - Having an address in a rural area has definite advantages when trying to find low car insurance rates. Less people means fewer accidents in addition to lower liability claims. City drivers have traffic congestion and much longer commute distances. The longer drive time translates into higher accident risk.

Chevy Malibu statistical loss data - Insurers include the past claim history for a vehicle to calculate a price that will offset losses. Vehicles that tend to have higher loss trends will have higher rates for specific coverages. The table below shows the collected loss data for Chevy Malibu vehicles.

For each policy coverage, the claim probability for all vehicles combined as an average equals 100. Percentage values below 100 suggest losses that are better than average, while values over 100 indicate more frequent claims or statistically larger losses.

Car Insurance Loss Data for Chevrolet Malibu Models
Specific Chevrolet Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120
BETTER
AVERAGE
WORSE

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

Insuring your Malibu just makes sense

Despite the high cost, insuring your vehicle is a good idea for several reasons.

  • Almost all states have mandatory insurance requirements which means you are required to buy specific limits of liability if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your vehicle has a loan, almost all lenders will require you to have insurance to protect their interest in the vehicle. If the policy lapses, the lender will be forced to insure your Chevy at a much higher premium rate and force you to pay for the much more expensive policy.
  • Insurance protects not only your car but also your financial assets. Insurance will also pay for all forms of medical expenses that are the result of an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are sued as the result of an accident. If your Chevy gets damaged, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of carrying enough insurance outweigh the cost, specifically if you ever have a liability claim. Today the average American driver is currently overpaying as much as $830 a year so you should quote rates at least once a year to help ensure money is not being wasted.

More comparisons equals cheap rates

We've covered some good ideas how to get a better price on Chevy Malibu insurance in Los Angeles. The most important thing to understand is the more companies you get prices for, the better chance you'll have of finding affordable Chevrolet Malibu insurance quotes. You may even find the biggest savings come from a small mutual company. Smaller companies may have significantly lower prices on certain market segments than their larger competitors like Allstate or State Farm.

When getting Los Angeles auto insurance quotes online, don't be tempted to reduce coverage to reduce premium. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits only to discover later they didn't have enough coverage. The proper strategy is to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.

Some companies may not have price quotes online and most of the time these smaller companies work with independent insurance agents. Budget-conscious Chevy Malibu insurance can be bought on the web as well as from insurance agents, and you need to comparison shop both in order to have the best chance of saving money.

Much more information about car insurance in California is located at the links below