Finding competitive coverage for a Chevrolet Malibu depends on a large number of factors such as age of the vehicle, the performance level of your vehicle, and driving citations. California drivers pay approximately $1,558 annually to insure their Malibu, but that cost is an estimation based upon a 40-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
It’s more than likely you may not be 40 years old (or even male), you might be married instead of single, or maybe you have a teenager that needs to be on your policy. Auto insurance requires individual risk assessment, so the only real way to find cheap auto insurance rates for your Chevrolet is to compare as many rates as you can.
The specific trim level tends to have a direct impact on the cost of insurance, so the rate you will pay to insure a Malibu LS trim level will be $188 lower than the insurance cost for the more well-appointed Malibu LTZ version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in garaging location in Los Angeles which can raise or lower rates significantly.
Insuring your vehicle with the highest-rated auto insurance company is difficult considering how many different companies there are to choose from in California. The ranking information shown next may help you select which coverage providers to look at when trying to find the cheapest insurance for a Chevrolet Malibu. These ratings only include companies that insure vehicles across America, so smaller regional companies are not included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|AAA of Southern California||91||94||97||92%||A+||94.1|
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Data Source: Insure.com Best Car Insurance Companies
Impact of violations and accidents on rates
One of the best ways to earn the most affordable car insurance rates in Los Angeles for a Malibu is to drive cautiously and avoid accidents and violations. The information below illustrates how traffic citations and at-fault collisions increase premium costs for different age groups of insureds. The premiums are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
The data above shows the average cost of car insurance in California per year with a clean driving record and no accidents is $2,093. Factor in one speeding ticket and the average cost jumps to $2,407, an increase of $315 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for a Chevrolet Malibu jumps again to an average of $3,284. That’s an increase of $1,191, or $99 per month, just for being a little careless behind the wheel!
The diagram below shows how different deductible levels can affect insurance rates when trying to find cheap insurance for a Chevrolet Malibu. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The chart above illustrates that a 50-year-old driver could lower rates by $434 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $656 by choosing a $1,000 deductible. Young drivers, like the 20-year-old example, could save $1,098 each year just by choosing higher deductibles. If you do decide to increase your deductibles, it is necessary to have enough funds in savings to offset the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
The importance of comparing Malibu insurance rates
California car insurance rates are impacted by many things that can increase the policy price. Getting older, having a teenage driver, or getting caught speeding may cause policy rate changes that may make certain companies cheaper in comparison to the competition.
And not only may your rating factors change, but insurers modify rates multiple times each year to adjust for gains or losses. Larger than normal claims can cause price increases, while a better loss history may produce lower-priced Malibu insurance rates.
To illustrate this point, the data below shows which companies have the cheapest car insurance in Los Angeles, CA for a 45-year-old female driver with a clean driving record, no accidents, and good credit. When quoting prices based on her personal profile, USAA quotes the best car insurance rates in Los Angeles at $1,781 a year. This is $130 more than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are the rest of the top five cheapest Los Angeles, CA auto insurance companies.
Now we will pretend the driver in the first chart a couple of claims, a little lower credit rating, and a speeding citation. Because each company has their own unique process to set their prices, comparing prices will most likely result in a different set of affordable companies as shown below.
Grange now has the best insurance rate in Los Angeles, CA with Allied, Progressive, Mercury, and Allstate now rounding out the top five. This example demonstrates why drivers need to perform a complete rate comparison to get affordable insurance rates for a Chevrolet Malibu. Rates are impacted by many risk factors and can change substantially, so the most economical option two years ago may now cost much more than other companies.
How to find economical auto insurance for a Chevrolet Malibu
Lowering your rates is not difficult, and here are a few thrifty solutions that can help Los Angeles drivers find lower-cost car insurance.
- Staying accident-free helps keep rates low
- Try to pay small claims out-of-pocket
- Good credit can save money
- Avoid speeding and other traffic citations and pay less
- Increase your comprehensive and collision deductibles
- Buying your home and auto policies from the same company can earn a discount
- Shop around and save
That last piece of advice is notably important, as we stressed in the prior article. Coverage rates can change in a short period of time, so you should be ready to switch carriers if you find a cheaper price.
Having brand loyalty is commendable, but it isn’t a good idea if your bullheadedness ends up costing you money that could be used for better things. It only take a few minutes to shop around to find cheaper auto insurance for a Chevrolet Malibu in Los Angeles.
The agents shown below can aid you in deciding which coverages are best, since lots of people like to have a little guidance when trying to find the best insurance rates for a Malibu. It can be hard to do it yourself, and using a licensed agent can add comfort knowing your policy gives you enough coverage if you have a claim. To find a Los Angeles insurance agent near you, click the link after the list or click here to compare rates now.
- Leisha Willis – State Farm Insurance Agent
500 N Larchmont Blvd – Los Angeles, CA 90004 – (323) 785-4080
- Helen Lee – State Farm Insurance Agent
2535 W Olympic Blvd – Los Angeles, CA 90006 – (213) 738-0700
- Susman Insurance Agency
11611 San Vicente Blvd #515 – Los Angeles, CA 90049 – (310) 820-5200
- Kaz Achiwa – State Farm Insurance Agent
340 E Azusa St, Ste B – Los Angeles, CA 90012 – (213) 253-1210