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Car Insurance Quotes for Chevrolet Malibu

Are you Getting the Cheapest Car Insurance Available for Your Malibu?

Illustration of Chevrolet Malibu

How Much is Auto Insurance for Chevy Malibu?

The average annual premium for a Chevrolet Malibu is $504 for minimum coverage and $1,749 for full coverage. Many factors go into determining rates, including your age, gender and driving record. That’s why your car insurance won’t cost the same as your best friend’s coverage.

If you finance or lease your vehicle, you’ll need full coverage, while those who own outright can get by with the state minimum, although it doesn’t provide much in the way of financial protection.

Comparing Insurance Costs for Your Malibu to Other Makes and Models

There are many reasons why your insurance costs are different than other Chevy models like the Cruze, Equinox, Traverse, and Silverado and other makes of vehiles. Some factors that play a role include your model’s price of parts and labor, safety features, reliability record, and model year.

Make/Model Annual Insurance
Chevrolet Malibu $1,749
Mazda 3 $1,668
Nissan Altima $1,788
Toyota Camry $1,655
Honda Accord $1,733

Types of Car Coverage for Sedans

Depending on your location, you may have a range of options available for protection and coverage, as well as some that are required. The two basic ones are full and state minimum.

Full Coverage

Full coverage offers substantially greater protection. It includes state minimum liability and comprehensive and collision coverage, which protects you financially in wrecks, as well as events out of your control, such as hail damage and theft.

Depending on the insurer, policyholders pay a few hundred dollars more per year for this benefit. However, it is worth the greater peace of mind knowing you are better covered in the event of an accident. Motorists also add increased protection in the form of roadside assistance and other optional benefits such as rental vehicle reimbursement.

If you are leasing or financing, expect to be required to pay for this policy. Banks and lenders want to preserve their vehicle’s value until you’ve paid it off.

State Minimum Liability

State minimum liability represents the minimum amount of coverage required by the state where you reside. Different states have different limits.

For example, Texas drivers must meet liability limits of $30,000 for bodily injury (per person), $60,000 for bodily injury (per accident), and $25,000 in property damage liability per accident.

In turn, Louisiana drivers must carry limits of 15/30/25.

This will not pay for damages sustained by you and your property. It will only cover the costs of injuries/damages suffered by other people and their property in an accident for which you are determined to be at fault.

Some states, such as Kansas, require uninsured motorist coverage and personal injury protection, in addition to liability.

Chevrolet Malibu at the Orange County International Auto Show

How Does a DUI Affect Rates for a Chevy?

If you have been convicted of a DUI, expect it to increase your premiums, depending on the severity. However, elevated premiums usually remain in force for a minimum of three years.

Other factors that insurers use to determine rate hikes after a DUI conviction include age, type of vehicle, the state you reside in, driving record, and date of most recent DUI conviction. Racking up multiple DUI convictions within a short period (e.g., 2-3 years) can even force some insurers to deny you coverage altogether.

Depending on the state, you may be required to file an SR-22, a proof of financial responsibility that tells the state you are carrying the minimum required coverage.

Fortunately, there are tactics drivers with DUI convictions can apply to save on their policies. These include enrolling in defensive driving courses, installing an anti-theft device, or installing an in-vehicle telematics device/downloading an app-based program, allowing your carrier to track and monitor your driving behavior.

What Are Some Auto Discounts Available?

There are several ways to save on your policy with car insurance discounts.

Some of the best discounts you can receive come with having a clean driving record. No claims or moving violations for the past 3-5 years can save you a pretty penny as a safe driver. Other ways to save include:

  • Usage-based behavior such as driving less than 7,500 miles a year or installing an anti-theft device/anti-lock brake system (ABS). This helps you classify yourself as a lower-risk driver to auto insurers, dropping your premiums.
  • Other ways to save on your policy include policy-based actions, such as renewing your policy early and enrolling in autopay/paperless billing.
  • Another popular option is bundling auto and homeowners insurance (multiline or multi-policy discounts), which offers premium discounts when purchasing two or more policies from the same insurer.
  • You can also find discounts if you are a senior or a former or current member of the military.

To find out what you qualify for, check in with your agent.

What Are Some of the Characteristics of the Malibu?

It is a vehicle in the midsize sedan segment. It comes in four trim levels: LS, RS, LT, and Premier, along with one of two choices — a 160-horsepower and a 250-horsepower turbocharged four-cylinder engine with nine-speed automatic transmission.

The base LS trim has an 8-inch touch screen, Apple CarPlay/Android Auto compatibility, and a rearview camera. Its top trim, Premier, includes a nine-speak Bose stereo system, heated rear leather seating, and a sunroof.

Its main competitors are the Honda Accord, Hyundai Sonata, Kia K5, Toyota Camry, and Nissan Altima.

Find the Best Car Insurance Rates Online Today

Freeway can help you find an affordable policy for you and your family. Requesting a quote is easy! You can visit us online, stop by one of our offices, or call us at 800-777-5620. Get in touch with us today!

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