How Much Does 1998 Chevrolet Malibu Insurance Cost?

If you are new to getting car insurance quotes online, you can easily be overwhelmed due to the large selection of online companies selling insurance.

It’s a good habit to quote other rates quite often due to the fact that insurance prices are rarely the same from one policy term to another. If you had the best deal for Malibu insurance last year there is a good chance you can find better rates now. Forget anything you know (or think you know) about auto insurance because it’s time to teach you the best methods to lower your annual insurance bill.

Insurance premium influencing factors

Multiple criteria are considered when you get your auto insurance bill. Some factors are common sense such as traffic violations, although some other factors are not as apparent such as your marital status or your commute time.

The itemized list below are some of the things utilized by car insurance companies to help set your rate level.

• Add-on coverages you don’t need – Insurance companies have many additional coverages that can waste your money on your insurance policy. Things like roadside assistance, towing coverage, and term life insurance may not be needed and are just wasting money. These may sound like a good investment at first, but now you might not need them so remove them from your policy.
• lapses raise insurance rates – Not maintaining insurance is a misdemeanor and you will pay a penalty because you let your insurance expire. In addition to paying higher rates, getting caught without coverage might get you fines and jail time. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
• Your age impacts your rates – Inexperience drivers tend to be easily distracted with other occupants in the car therefore insurance rates are much higher. Older drivers tend to be more responsible, cause fewer claims and accidents and are safer drivers.
• Rural areas have lower premiums – Living in less populated areas of the country has definite advantages when buying insurance. Less people translates into fewer accidents and also fewer theft and vandalism claims. Urban drivers regularly have more aggressive driving styles and a longer drive to work. Spending more time driving means more chance of being in an accident.
• Do safer cars cost less to insure? – Vehicles with high crash test scores get lower rates. Safe vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company which can mean better rates for you. If the Chevy Malibu scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
• Being married is a bonus – Having a wife or husband actually saves money on insurance. Having a significant other means you’re more mature than a single person and insurance companies like that married couples file fewer claims.
• Drivers with excellent credit save on insurance – An insured’s credit history is a big factor in your rate calculation. Therefore, if your credit history can be improved, you may save money insuring your 1998 Chevrolet Malibu if you clean up your credit. Insureds with high credit ratings tend to be less risk to insure as compared to drivers with poor credit.
• Rates for men may be higher – Statistics show that women are safer drivers than men. However, don’t assume that females are better at driving than males. They both get in auto accidents at a similar rate, but the men have accidents that have higher claims. Men also statistically get higher numbers of serious violations such as DWI and reckless driving.

The easiest way to compare insurance rates in your area is to know the fact most of the larger companies participate in a system to provide you with a free rate quote. To get started, all you need to do is provide the companies a bit of rating information including whether you drive to work or school, any included safety features, whether or not you need a SR-22, and if you have a valid license. Those rating factors gets sent immediately to insurance carriers in your area and you will get price comparisons immediately.

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Save with these money-saving discounts

Auto insurance is not an enjoyable expense, but there may be some discounts to help offset the cost. Certain reductions will be credited when you purchase, but a few must be asked about prior to getting the savings.

• Lower Rates for Military – Being deployed with a military unit could be rewarded with lower auto insurance rates.
• E-sign Discounts – Many auto insurance companies will discount your bill up to fifty bucks simply for signing online.
• Seat Belts Save more than Lives – Requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
• Telematics Data Discounts – People who choose to allow their company to look at where and when they drive by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates as long as the data is positive.
• College Student – Kids living away from home attending college without a vehicle on campus may be able to be covered for less.
• Early Renewal Discounts – Some larger companies reward drivers for switching companies early. You can save around 10% with this discount.
• Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if offered at their school.
• Theft Deterent System – Cars and trucks optioned with advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.
• Driver Safety – Completing a course in driver safety is a good idea and can lower rates if you qualify.

While discounts sound great, it’s important to understand that some of the credits will not apply to your bottom line cost. A few only apply to the cost of specific coverages such as comp or med pay. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way.

Some of the larger companies that may have these discounts possibly include:

• 21st Century
• Progressive
• State Farm
• Nationwide
• Esurance
• The Hartford

Check with every prospective company which discounts they offer. Depending on the company, some discounts might not be available to policyholders in your state. To see a list of companies that offer the discounts shown above, click here.

Do I need special coverages?

When it comes to buying coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every insured’s situation is different.

For example, these questions can aid in determining whether you will benefit from professional help.

• Am I covered when pulling a rental trailer?
• Where can I find DUI or SR-22 insurance?
• Am I covered if I wreck a rental car?
• Does my insurance cover my expensive audio equipment?
• Is motorclub coverage worth it?
• Does coverage extend to my business vehicle?
• Will filing a claim cost me more?
• Is my 1998 Chevy Malibu covered for smoke damage?
• Can I pay claims out-of-pocket if I buy high deductibles?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form.

Coverage specifics

Understanding the coverages of your insurance policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for X-ray expenses, pain medications and EMT expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for liability

Liability insurance can cover damage that occurs to other people or property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like medical services, medical expenses and pain and suffering. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, falling objects and theft. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for collisions

This covers damage to your Malibu caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like colliding with another moving vehicle, crashing into a building and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are identical to your policy’s liability coverage.

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Have money to burn

Lower-priced insurance coverage is available on the web in addition to local insurance agencies, so get free car insurance quotes from both of them so you have a total pricing picture. There are still a few companies who may not have rate quotes online and most of the time these regional insurance providers provide coverage only through independent insurance agents.

In this article, we covered many ideas to shop for 1998 Chevy Malibu insurance online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your premium rates. You may be surprised to find that the best price on insurance coverage is with a small mutual company.

Consumers switch companies for any number of reasons including being labeled a high risk driver, lack of trust in their agent, delays in paying claims or even unfair underwriting practices. It doesn’t matter why you want to switch finding a great new company is less work than it seems.

To learn more, take a look at the resources below:

• Should I Buy a New or Used Car? (Allstate)
• Prom Night Tips for Teen Drivers (State Farm)
• Vehicle Insurance (Wikipedia)
• Get the Right Protection (InsureUonline.org)
• Teen Driver Licensing Information (iihs.org)

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