2008 Chevrolet Malibu Hybrid Insurance Cost – 6 Tricks for Cheaper Prices

Looking for cheaper insurance coverage rates for your Chevrolet Malibu Hybrid? Finding cheaper insurance for a Chevy Malibu Hybrid can normally be a painful process, but you can learn a few tricks and make it easy. There are both good and bad ways to find insurance coverage online and we’ll show you the proper way to quote coverages for a new or used Chevy and get the lowest price either online or from local insurance agents.

It’s a good idea to get comparison quotes before your next renewal because prices change regularly. Even if you think you had the lowest price for Malibu Hybrid coverage a year ago you will most likely find a better rate quote today. Ignore everything you know about insurance coverage because you’re about to learn the quickest way to buy cheaper insurance coverage.

Finding the best rates is quite easy. If you have a current insurance policy or are shopping for new coverage, you can follow these tips to reduce the price you pay while maintaining coverages. Drivers just need to learn the best way to compare prices online.

More affordable rates by receiving these six discounts

Properly insuring your vehicles can get expensive, but companies offer discounts that you may not even be aware of. Some discounts will apply at the time you complete a quote, but a few need to be manually applied prior to getting the savings.

• Theft Deterent – Vehicles that have factory alarm systems and tracking devices can help prevent theft and will save you 10% or more.
• Employee of Federal Government – Active or retired federal employment can save as much as 8% for Malibu Hybrid coverage with some auto insurance companies.
• Full Payment Discount – If you pay your bill all at once instead of making monthly payments you can avoid monthly service charges.
• First Accident Forgiveness – Not really a discount, but companies like Allstate, Progressive, and Geico will turn a blind eye to one accident without getting socked with a rate hike if you are claim-free prior to the accident.
• Drive Safe and Save – Drivers who avoid accidents can save up to 40% or more on their auto insurance quote for Malibu Hybrid coverage compared to accident prone drivers.
• Paperwork-free – Some of the larger companies will provide an incentive for signing up on their website.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like liability, collision or medical payments. So when the math indicates adding up those discounts means a free policy, it just doesn’t work that way.

Auto insurance companies that may offer these money-saving discounts may include but are not limited to:

• 21st Century
• State Farm
• AAA
• Liberty Mutual
• Progressive

When quoting, ask every prospective company which discounts can lower your rates. Depending on the company, some discounts may not be offered in your area. To view auto insurance companies that provide some of the discounts listed above, click here.

Your insurance coverage should be tailored to you

When buying proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique.

Here are some questions about coverages that might point out if your insurance needs might need professional guidance.

• Will filing a claim cost me more?
• I don’t drive much so do I pay less?
• Can I pay claims out-of-pocket if I buy high deductibles?
• If I drive on a suspended license am I covered?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Am I covered if I drive in a foreign country?
• Do I need medical payments coverage since I have good health insurance?
• How much liability do I need to cover my assets?
• Does my policy pay for OEM or aftermarket parts?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find an agent in your area, complete this form. It’s fast, free and can provide invaluable advice.

Insurance specifics

Understanding the coverages of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive protection

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a broken windshield, damage from flooding, vandalism and fire damage. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense coverage

Med pay and PIP coverage reimburse you for short-term medical expenses such as prosthetic devices, rehabilitation expenses, ambulance fees, chiropractic care and funeral costs. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which means 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.

Liability insurance covers claims like emergency aid, pain and suffering, loss of income and medical services. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.

Auto collision coverage

This pays for damage to your Malibu Hybrid caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as hitting a mailbox, hitting a parking meter, damaging your car on a curb, backing into a parked car and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your 2008 Chevy Malibu Hybrid.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Summing up your car insurance search

As you restructure your insurance plan, you should never buy poor coverage just to save money. In too many instances, an accident victim reduced liability coverage limits only to discover later that they should have had better coverage. Your strategy should be to purchase plenty of coverage for the lowest cost, but don’t skip important coverages to save money.

Cheap 2008 Chevy Malibu Hybrid insurance is possible from both online companies in addition to local insurance agencies, so you need to shop auto insurance with both to have the best rate selection. A few companies may not have online quoting and usually these regional insurance providers work with independent agencies.

Consumers leave their current company for a variety of reasons including questionable increases in premium, unfair underwriting practices, high rates after DUI convictions and even delays in paying claims. Regardless of your reason for switching companies, finding a great new company can be easy and end up saving you some money.

Helpful articles

• Safe Vehicles for Teens (iihs.org)
• Who Has Cheap Auto Insurance Rates for a Chevrolet Malibu in Wichita? (WichitaInsure.com)
• Alcohol Impaired Driving FAQ (iihs.org)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Where can I buy Insurance? (Insurance Information Insitute)