Paying high Chevy Malibu car insurance rates can be harder than burning money and you blindly pay the outrageous rates without understanding why you’re paying too much. Some car insurance companies charge high rates to insure passenger cars, so if you don’t shop your coverage around, you’re costing yourself money with every monthly payment.
Most major insurance companies like State Farm and Allstate provide prices for coverage on the web. Getting quotes is fairly straightforward as you simply enter your coverage preferences as detailed in the form. When the form is submitted, their rating system will order your driving record and credit report and returns a price. This makes comparing rates easy, but the process of having to visit a lot of sites and fill out multiple forms can be a bit repetitive. But it is imperative to get many rate quotes if you want to find the lowest price.
A more efficient way to compare rates utilizes a single form that analyzes rates from more than one company. The form is fast, requires less work, and makes online price comparison a little more enjoyable. As soon as the form is sent, it is rated and you can choose any one of the price quotes you receive. If you find a better price it’s easy to complete the application and buy the policy. The whole process takes 15 minutes at the most and you will find out if you’re overpaying now.
To compare rates using this form now, click here and enter your information. If you have a policy now, it’s recommended you duplicate the coverages exactly as shown on your declarations page. This way, an exact rate comparison based on identical coverages.
The fine print in car insurance ads
Consumers constantly see and hear ads for cheaper car insurance from companies such as State Farm and Allstate. All the ads make the same claim about savings if you switch your policy.
How does each company make the same claim? This is how they do it.
All the different companies have a certain “appetite” for the right customer they prefer to insure. For example, a preferred risk could be over the age of 50, insures multiple vehicles, and drives newer vehicles. A customer who matches those parameters gets the lowest rates and is almost guaranteed to save a lot of money.
Consumers who don’t measure up to these standards will be charged higher rates which leads to business going elsewhere. The ads say “drivers who switch” but not “drivers who get quotes” save that kind of money. That is how companies can truthfully make those claims. That is why drivers must compare as many rates as you can. Because you never know the company that will provide you with the cheapest rates.
Pay less by taking advantage of discounts
Companies offering auto insurance do not advertise every available discount very clearly, so we break down some of the more common and the harder-to-find ways to save on car insurance. If you’re not getting every credit you qualify for, you’re just leaving money on the table.
- Federal Employees – Simply working for the federal government may qualify you for a discount with certain companies.
- Resident Student – Any of your kids who attend school more than 100 miles from home and do not have a car can receive lower rates.
- Early Signing – Select companies give a discount for switching to them before your current policy expires. This can save 10% or more.
- Club Memberships – Belonging to a qualifying organization could trigger savings on your policy.
- Homeowners Savings – Being a homeowner may earn you a small savings because owning a home is proof that your finances are in order.
- Low Mileage – Driving fewer miles can earn better rates on cars that stay parked.
- Drivers Education – Require your teen driver to take driver’s ed class in school.
- Defensive Driver – Taking part in a driver safety course can save you 5% or more depending on where you live.
Keep in mind that most credits do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comprehensive or collision. Even though it may seem like you could get a free car insurance policy, car insurance companies aren’t that generous.
But I prefer to buy car insurance from an agent
A small number of people prefer to get advice from a local agent. Licensed agents can answer important questions and give you peace of mind. The best thing about comparing insurance prices online is the fact that you can find lower rates but also keep your business local.
By using this short form, your information is submitted to insurance agents who will battle for your coverage. There is no need to even leave your home since price quotes are sent directly to your email. How cool is that?!
Choosing an insurance company shouldn’t rely on just the bottom line cost. Here are some questions to ask:
- How long has their agency been in business?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- If you have an accident, will your rates go up?
- What insurance company do they write the most business with?
- Do the companies they represent have a solid financial rating?
- Is assistance available after office hours?
- Who are their largest clients?
If you wish to contact a specific insurance agent in your state, click here.
Once you have satisfactory answers and an affordable coverage quote, you’ve probably found an insurance company that will provide car insurance coverage.
More comparisons equals lower rates
We just showed you quite a bit of information on how to shop for Chevy Malibu insurance online. The key thing to remember is the more you quote, the better your comparison will be. You may be surprised to find that the best prices are with some of the lesser-known companies. These companies may have significantly lower rates on certain market segments compared to the large companies like State Farm or Progressive.
Affordable Chevy Malibu insurance is available from both online companies in addition to most insurance agents, so compare prices from both so you have a total pricing picture. Independent insurance agents work with many regional insurance providers who do not offer online quoting.
