Cheap Arlington Chevy Malibu Insurance

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Scraping up a payment for expensive Chevrolet Malibu insurance in Arlington can take a big chunk out of your personal savings and possibly require postponing other expenditures. Doing a price comparison can help to cut your insurance bill.

Insurance quote for Chevy Malibu in ArlingtonStatistics show that a large majority of drivers kept their policy with the same company for at least four years, and just short of a majority have never compared rates to find affordable insurance. Most drivers in America can cut their rates by $850 a year, but they don't believe how much money they would save if they replace their high priced policy.

How to find low-cost Chevy Malibu insurance in Arlington

The best way to find more affordable Chevy Malibu insurance in Arlington is to start doing an annual price comparison from providers who sell insurance in Texas. Rate comparisons can be done by following these steps.

  • Step 1: Read and learn about how your policy works and the measures you can control to prevent rate increases. Many rating factors that result in higher prices such as accidents, traffic violations, and a less-than-favorable credit rating can be improved by making small lifestyle or driving habit changes. Continue reading for more information to help reduce prices and find available discounts that you may qualify for.
  • Step 2: Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like Progressive or State Farm, while independent agencies can provide prices from many different companies.
  • Step 3: Compare the quotes to your existing rates to see if a cheaper price is available. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.
  • Step 4: Notify your current company of your decision to cancel your current policy and submit the required down payment along with the signed application to the new company. Once received, safely store the proof of insurance paperwork with the vehicle registration.

One tip to remember is that you'll want to compare identical coverage information on each price quote and and to get rate quotes from as many companies as feasibly possible. Doing this enables an accurate price comparison and a better comparison of the market.

Since people have many companies and agents to choose from, it is very difficult to pick the most affordable insurer.

It's important to compare rates before your next renewal since prices trend upward over time. Just because you found the best deal on Chevy Malibu insurance in Arlington at your last renewal there may be better deals available now. Forget all the misinformation about car insurance because I'm going to let you in on the secrets to the proper way to lower your rates without sacrificing coverage.

This information will introduce you to the best way to quote coverages and how you can save the most money. If you currently have a car insurance policy, you will be able to get lower rates using the following tips. But Texas vehicle owners must learn how insurance companies determine prices because it varies considerably.

Learn How to Lower Your Insurance Premiums

Many factors are used when you get a price on insurance. Some factors are common sense such as your driving history, but other criteria are less obvious such as your marital status or your financial responsibility.

The items below are some of the most common factors that factor into rates.

  • Stress out and pay more - Did you know your career choice can influence rates? Jobs like military personnel, police officers, and dentists generally pay higher average rates in part from intense work-related stress and long work days. On the flip side, jobs like scientists, historians and the unemployed have lower than average premiums.
  • When should you file claims? - If you file a lot of claims you can expect increased rates or even have your policy non-renewed. Companies in Texas award cheaper rates to insureds who are claim-free. Auto insurance is intended for larger claims.
  • Cheaper rates for prior coverage - Driving your car without having proper coverage can get you a ticket and your next policy will cost more because you let your insurance coverage expire. Not only will you pay more, the inability to provide proof of insurance may earn you a hefty fine and possibly a revoked license.
  • Married people drive safer - Having a significant other can get you a discount when shopping for insurance. It translates into being more stable financially and statistics prove married drivers tend to file fewer claims.
  • Chevy Malibu insurance loss probability - Insurance companies include the past claim trends for vehicles to help calculate a profitable premium rate. Vehicles that statistically have higher claim amounts or frequency will have higher rates. The next table shows the compiled insurance loss statistics for Chevy Malibu vehicles.

    For each policy coverage type, the claim amount for all vehicles, as a total average, is considered to be 100. Percentages below 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate a higher chance of having a claim or tendency to have larger claims.

    Insurance Loss Ratings for Chevrolet Malibu Vehicles
    Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Chevrolet Malibu 94 100 109 139 145 120
    BETTER
    AVERAGE
    WORSE

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance coverage details

The table displayed below outlines a range of insurance prices for Chevy Malibu models. Being aware of how prices are formulated can help you make smart choices when comparing insurance quotes.

Chevrolet Malibu Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $186 $340 $366 $22 $110 $1,024 $85
Malibu Hybrid $186 $340 $366 $22 $110 $1,024 $85
Malibu LT $210 $340 $366 $22 $110 $1,048 $87
Malibu LTZ $210 $400 $366 $22 $110 $1,108 $92
Get Your Own Custom Quote Go

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can impact auto insurance rates substantially.

Choosing deductibles

One frequently asked question is which deductibles should you choose. The premium rates below can help you understand the cost difference when you buy lower versus higher coverage deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Chevrolet Malibu insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $328 $592 $382 $22 $114 $1,463 $122
Malibu Hybrid $328 $592 $382 $22 $114 $1,463 $122
Malibu LT $370 $592 $382 $22 $114 $1,505 $125
Malibu LTZ $370 $698 $382 $22 $114 $1,611 $134
Get Your Own Custom Quote Go
Chevrolet Malibu insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $240 $400 $382 $22 $114 $1,158 $97
Malibu Hybrid $240 $400 $382 $22 $114 $1,158 $97
Malibu LT $270 $400 $382 $22 $114 $1,188 $99
Malibu LTZ $270 $472 $382 $22 $114 $1,260 $105
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium costs do not factor in specific Arlington garaging location which can influence auto insurance rates significantly.

Based on the above data, using a $100 deductible costs roughly $26 more each month or $312 for a full year than requesting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you usually have more than 15 months between claims, you would save money by going with a higher deductible. The table below illustrates the way this calculation is made.

Average monthly premium for $100 deductibles: $126
Average monthly premium for $500 deductibles (subtract): - $100
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

How accidents and tickets impact rates in Arlington

The chart below shows how traffic citations and at-fault collisions raise Chevy Malibu insurance prices for each different age group. The rate quotes are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

Auto insurance rates by age and gender in Arlington

The chart below compares Chevy Malibu insurance prices for male and female drivers. The data assumes a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are applied.

Chevrolet Malibu liability rates compared to full coverage

The diagram below illustrates the comparison of Chevy Malibu auto insurance rates with full coverage compared to only the Texas minimum liability coverage. The data assumes no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are factored in.

Should you be buying full coverage?

There isn't a steadfast formula for dropping physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's assume your Chevy Malibu book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the deductible is paid. If premiums are more than $700 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some scenarios where eliminating full coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Lower rate quotes on Chevy Malibu insurance in Arlington with these discounts

Not many people think insurance is cheap, but companies offer discounts that can help lower your rates. A few discounts will be applied at the time of quoting, but some discounts are required to be specially asked for before you get the savings.Discount insurance

  • Driver Education Discount - Cut your cost by having your teen driver take driver's ed class in school.
  • Onboard Data Collection - Insureds that choose to allow driving data submission to scrutinize driving habits by using a telematics device such as State Farm's In-Drive could see a rate decrease if their driving habits are good.
  • No Claims - Insureds with no claims or accidents pay much less in comparison to accident-prone drivers.
  • Bundle and Save - When you combine your home and auto insurance and insure them both with the same insurance company you could save up to 20% and get you cheap Malibu insurance.
  • Anti-lock Brake Discount - Cars, trucks, and SUVs with anti-lock braking systems can reduce accidents so companies give up to a 10% discount.
  • Membership in Organizations - Belonging to specific professional or occupational memberships or organizations could qualify you for a break when getting a Arlington auto insurance quote.
  • Early Payment Discounts - If you pay your entire premium ahead of time instead of paying each month you may have a lower total premium amount.

One last thing about discounts, some credits don't apply to all coverage premiums. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, insurance companies aren't that generous.

The diagram below illustrates the comparison of Chevy Malibu insurance costs with and without discounts applied. The information is based on a male driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, safe-driver, marriage, and multi-car discounts applied.

If you would like to see a list of insurers that offer some of these discounts in Texas, click this link.

You can lower your auto insurance rates

As you restructure your insurance plan, do not sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut full coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage at a price you can afford, but don't skip important coverages to save money.

People switch companies for a number of reasons such as an unsatisfactory settlement offer, poor customer service, extreme rates for teen drivers and even delays in paying claims. It doesn't matter what your reason, finding a new company is actually quite simple.

We just showed you a lot of techniques to shop for Chevy Malibu insurance online. The key concept to understand is the more quotes you get, the better chance you'll have of finding cheaper Arlington auto insurance quotes. You may even find the most savings is with a small mutual company.

How to find cheaper quotes for Chevy Malibu insurance in Arlington

To save the most money, the best way to save on Chevy Malibu insurance in Arlington is to start comparing rates regularly from insurers in Texas.

  1. Spend some time learning about the different coverages in a policy and the steps you can take to prevent expensive coverage. Many factors that are responsible for high rates such as your driving record and an unacceptable credit rating can be improved by making minor driving habit or lifestyle changes.
  2. Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO or Allstate, while agents who are independent can give you price quotes from multiple sources.
  3. Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you can save some money and change companies, make sure coverage is continuous and does not lapse.
  4. Provide notification to your current company to cancel your current policy and submit the required down payment along with the signed application for the new policy. Immediately safely store the proof of insurance paperwork in an easily accessible location.

A good piece of advice is that you'll want to make sure you compare similar deductibles and liability limits on every quote request and and to get quotes from as many different insurance providers as possible. This provides an apples-to-apples comparison and plenty of rates choose from.

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