Buying cheaper insurance for a Chevrolet Malibu in Texas is dependent upon a whole bunch of factors such as your birth date, your residence address, and if you have tickets or violations. Drivers pay around $825 each year for Malibu insurance, but that is an estimation calculated based on a 50-year-old married female driver with full physical damage coverage and $500 deductibles.
But there is a high likelihood that you may not be 50 years old (or even female), maybe you are single instead of married, and you might want liability-only or different deductibles. Every driver’s needs are different, and that is why the way we recommend to find the cheapest insurance price for your Chevrolet is to compare as many rates as you can. It takes less than five minutes and you will receive price comparisons from top-rated companies that offer coverage in Texas.
The trim level of your vehicle will have an impact the insurance rate, so the cost to insure a Malibu LS will be $84 cheaper than the insurance cost for the higher-priced Malibu LTZ trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Information does not factor in Dallas location which can decrease or increase coverage rates noticeably.
Insuring your vehicle with the highest-rated auto insurance provider is difficult considering how many choices there are in Texas. The rank data below can help you decide which auto insurers to look at when comparing insurance rates for a Chevrolet Malibu.
The rankings below include companies that write coverage in many states, so companies that only write business in Texas or surrounding areas will not be included in this list. To compare price quotes from these and other competitive companies, simply click here.
Top 10 Major Auto Insurance Companies in Dallas Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Top 10 Major Auto Insurance Companies Overall in Dallas
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Cost comparison with and without full coverage
Finding the cheapest insurance is important to the majority of people, and one of the quickest ways to pay lower rates for insurance for a Chevrolet Malibu is to not insure for full coverage. The example below compares car insurance costs with full physical damage coverage and with liability coverage only. The rate quotes are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.
Averaged for all ages 20 through 70, comp and collision coverage costs $2,370 per year more than carrying just liability coverage. Many drivers may wonder when is it a good idea to stop buying full coverage. There is no specific rule for excluding physical damage insurance, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
Reckless driving habits raise Dallas insurance rates
In a perfect world, the best way to get low insurance premiums in Dallas for a Malibu is to drive cautiously and maintain a clean driving record. The example below highlights how traffic violations and accidents raise auto insurance rates for different insured age categories. The data assumes a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of car insurance in Texas per year with no accidents and a clean driving record is $2,041. Add in one speeding ticket and the average cost surges to $2,372, an increase of $331 each year. Now add in two accidents along with the one speeding ticket and the yearly cost of insurance for a Chevrolet Malibu jumps again to an average of $5,131. That’s an increase of $3,090, or $257 per month, just for not driving responsibly!
The agents listed below can most likely provide answers to your questions and help you determine which policy fits your needs best, as lots of drivers aren’t clear which coverage they need and would like to get some professional advice when shopping for cheaper insurance for a Malibu. It can be complicated to find the best coverage yourself, and getting advice from a licensed Texas insurance agent can give you peace of mind knowing you have enough protection.
To locate a Dallas insurance agent close to where you live, click the button after the list.
Frederiksen and Frederiksen Insurance
12900 Preston Rd #500 – Dallas, TX 75230 – (972) 387-8646
Phil Maxey – State Farm Insurance Agent
17304 Preston Rd Ste 125 – Dallas, TX 75252 – (972) 233-2222
Michele Davis – State Farm Insurance Agent
9661 Audelia Rd #111 – Dallas, TX 75238 – (214) 328-8282
Mike Baker – State Farm Insurance Agent
3400 Carlisle St Ste 470 – Dallas, TX 75204 – (214) 780-0900
Stewart Insurance Agency
437 W 12th St – Dallas, TX 75208 – (214) 948-7600
How to find the cheapest insurance for a Chevrolet Malibu
It’s not impossible to find cheaper rates, and here are some of the recommended penny-pinching suggestions that can help drivers locate lower-cost coverage.
- Drop full coverage on older vehicles
- Safe vehicles cost less to insure
- Avoid accidents
- Clean up your credit rating
- Multi-policy discounts save money
- Compare rates regularly and switch companies to save money
That last idea is extremely crucial, as was pointed out in this piece. Rates in Dallas can be adjusted at any time, so don’t be unwilling to buy a policy from a new company if a better rate can be found.
Staying with the same car insurance company is fine, but it’s not a great idea if that inflexibility results in costing you big bucks every year. If you have a few minutes, compare rates to find cheaper auto insurance for a Chevrolet Malibu.