Save on Chevy Malibu Insurance in Dallas

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Insurance quote for Chevy Malibu in DallasDo you get exhausted from not being able to scrape enough together to insure your Chevy every month? Your situation is no different than millions of other drivers.

Inconceivable but true, a large majority of auto insurance policyholders kept their policy with the same company for more than four years, and almost half have never compared rates from other carriers. Dallas insurance shoppers could save approximately $1,766 every year, but they don't want to spend time to compare rates.

How to find more affordable Chevy Malibu insurance in Dallas

The easiest way to find discount Chevy Malibu insurance is to make a habit of comparing prices annually from insurance carriers who provide auto insurance in Dallas.

  1. Get a basic knowledge of the coverage provided by your policy and the changes you can make to prevent expensive coverage. Many risk factors that drive up the price such as accidents, traffic tickets, and a negative credit history can be controlled by making minor changes in your lifestyle.
  2. Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive or State Farm, while agents who are independent can give you price quotes for many different companies. Begin your rate comparison
  3. Compare the new rate quotes to your current policy premium to determine if switching companies saves money. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Notify your current company to cancel your current car insurance policy. Submit a signed application and payment to the new insurer. As soon as you receive it, put the certificate verifying proof of insurance in your vehicle's glove compartment or console.

One tip to remember is that you use the same amount of coverage on every quote request and and to get prices from as many car insurance companies as possible. Doing this helps ensure an apples-to-apples comparison and and a good selection of different prices.

Insurance companies such as GEICO, 21st Century and Progressive persitently shower you with fancy advertisements and it is difficult to not get sucked in by the cute commercials and do the work needed to find the best deal.

Low Cost auto insurance in Dallas, TX

The companies shown below are our best choices to provide price comparisons in Dallas, TX. If multiple companies are shown, it's highly recommended you get price quotes from several of them to get the most competitive price.

Chevy Malibu insurance analysis

The table shown below highlights a range of rate quotes for Chevy Malibu models. Having insight into how insurance premiums are established can help you make informed coverage decisions.

Chevrolet Malibu Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $176 $306 $388 $24 $116 $1,010 $84
Malibu Hybrid $176 $306 $388 $24 $116 $1,010 $84
Malibu LT $200 $306 $388 $24 $116 $1,034 $86
Malibu LTZ $200 $360 $388 $24 $116 $1,088 $91
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in vehicle location which can decrease or increase coverage rates noticeably.

Deductible analysis

One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The premium rates below illustrate the cost difference when you choose different coverage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.

Chevrolet Malibu insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $294 $496 $382 $22 $114 $1,333 $111
Malibu Hybrid $294 $496 $382 $22 $114 $1,333 $111
Malibu LT $332 $496 $382 $22 $114 $1,371 $114
Malibu LTZ $332 $584 $382 $22 $114 $1,459 $122
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Chevrolet Malibu insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $182 $312 $382 $22 $114 $1,012 $84
Malibu Hybrid $182 $312 $382 $22 $114 $1,012 $84
Malibu LT $206 $312 $382 $22 $114 $1,036 $86
Malibu LTZ $206 $368 $382 $22 $114 $1,092 $91
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rates do not factor in vehicle garaging location which can alter coverage rates significantly.

Based on these figures, using a $250 deductible could cost the average driver approximately $29 more each month or $348 every year averaged for all Malibu models than requesting the higher $1,000 deductible. Because you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 26 months between claims, you would most likely save money by selecting a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $115
Average monthly premium for $1,000 deductibles (subtract): - $86
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

The example below demonstrates how deductible levels and can impact Chevy Malibu insurance costs for each age group. Data assumes a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

Take these five policy discounts and save on Chevy Malibu insurance in Dallas

Some companies don't necessarily list all discounts in an easy-to-find place, so the following list contains a few of the more well known and also the lesser-known discounts that may be available. If you aren't receiving every discount you qualify for, you could be paying more than you need to.

  • Use Seat Belts - Requiring all passengers to buckle up before driving can save up to 15% off the medical payments premium.
  • Responsible Driver Discounts - Drivers who don't get into accidents could pay up to 40% less than drivers with accident claims.
  • Senior Discount - Drivers over the age of 55 may qualify for a slight reduction on a Dallas auto insurance quote.
  • No Claim Discounts - Insureds with no claims or accidents have much lower rates when compared to policyholders that have many claims.
  • Air Bags and Passive Restraints - Options like air bags or motorized seat belts may qualify for discounts as much as 30%.

Just know that most of the big mark downs will not be given to the entire policy premium. Most only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you could get a free car insurance policy, company stockholders wouldn't be very happy.

The chart below shows the comparison of Chevy Malibu car insurance rates with and without discounts being applied to the rates. The price estimates are based on a male driver, no violations or claims, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, claim-free, safe-driver, and marriage discounts applied.

A few popular companies and a partial list of their discounts can be read below.

  • State Farm has discounts for safe vehicle, passive restraint, defensive driving training, good student, student away at school, accident-free, and driver's education.
  • Progressive offers premium reductions for multi-policy, online signing, online quote discount, continuous coverage, and homeowner.
  • Travelers has savings for IntelliDrive, continuous insurance, new car, good student, student away at school, home ownership, and multi-policy.
  • American Family policyholders can earn discounts including good driver, good student, bundled insurance, defensive driver, and mySafetyValet.
  • Liberty Mutual discounts include new graduate, newly retired, multi-car, good student, and newly married.

It's a good idea to ask each company which discounts you may be entitled to. Depending on the company, some discounts may not be offered in your area. To choose companies who offer discounts in Dallas, click here.

You may need specialized auto insurance coverage

When it comes to proper insurance coverage, there really is not a one size fits all plan. Your needs are unique to you.

Here are some questions about coverages that could help you determine if you might need an agent's assistance.

  • Is business equipment covered while in my vehicle?
  • Does my insurance cover a custom paint job?
  • Is my vehicle covered by my employer's policy when using it for work?
  • How high should my uninsured/underinsured coverage be in Texas?
  • When should I not file a claim?
  • If my car is totaled with they pay enough to replace it?
  • What is the minimum liability in Texas?
  • Is my camper covered for physical damage?
  • Is my Chevy Malibu covered for flood damage?

If you can't answer these questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form. It's fast, free and you can get the answers you need.

Compare prices but still have a local neighborhood Dallas car insurance agent

A small number of people would rather get advice from a local agent. Most agents can make sure you are properly covered and help file insurance claims. One of the benefits of getting free rate quotes online is the fact that you can find lower rates and still buy from a local agent.

Insurance agents in DallasTo find an agent, once you fill out this simple form, the quote information is emailed to participating agents in Dallas who will give you quotes for your business. It's much easier because you don't need to contact an agency because quoted prices will be sent to you instantly. If you need to compare prices from a particular provider, just find their quoting web page and fill out their quote form.

Finding the right insurer shouldn't rely on just a cheap price quote. Any agent in Dallas should have no problem answering these questions:

  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • Does the agency have a current Errors and Omissions policy?
  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • How experienced are they in personal risk management?
  • Is their price quote a firm figure or are their hidden costs?
  • Are claim adjusters local or do you have to take your car somewhere else?
  • Are they primarily personal or commercial lines agents in Dallas?
  • How many years have they been established?

Specific coverage details

Having a good grasp of auto insurance can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverage protection

Collision insurance will pay to fix damage to your Malibu caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like hitting a mailbox, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible on your Malibu to save money on collision insurance.

Comprehensive auto coverage

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as damage from getting keyed, fire damage and a broken windshield. The maximum amount you'll receive from a claim is the market value of your vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Auto liability

Liability coverage provides protection from damage that occurs to other people or property that is your fault. It protects YOU from legal claims by others, and doesn't cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 30/60/25 which stand for $30,000 in coverage for each person's injuries, a limit of $60,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims such as legal defense fees, pain and suffering, bail bonds and funeral expenses. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible. Texas state minimum liability requirements are 30/60/25 but you should think about purchasing more liability than the minimum.

The chart below demonstrates why buying minimum limits may not be high enough to adequately cover claims.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like nursing services, pain medications, X-ray expenses and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don't have enough coverage. Covered claims include hospital bills for your injuries as well as damage to your Chevy Malibu.

Because many people only carry the minimum required liability limits (which is 30/60/25), 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.

In Summary

As you quote Dallas auto insurance, do not reduce needed coverages to save money. There are too many instances where consumers will sacrifice full coverage to discover at claim time they didn't purchase enough coverage. The aim is to get the best coverage possible at the best possible price.

Consumers who switch companies do it for a number of reasons such as poor customer service, being labeled a high risk driver, delays in paying claims or high prices. Regardless of your reason, finding a new company is pretty simple and you could end up saving a buck or two.

More affordable car insurance in Dallas is definitely available from both online companies and from local agencies, and you need to price shop both so you have a total pricing picture. A few companies may not offer online rate quotes and most of the time these smaller companies provide coverage only through independent agencies.

How to quote cheaper Chevy Malibu insurance in Dallas

The most effective way to get more affordable Chevy Malibu insurance in Dallas is to regularly compare price quotes from insurers in Texas. This can be done by following these steps.

  1. Take a few minutes and learn about how companies set rates and the things you can control to lower rates. Many policy risk factors that increase rates such as traffic violations, accidents, and a negative credit score can be controlled by making minor driving habit or lifestyle changes.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while independent agents can give you price quotes from multiple sources.
  3. Compare the price quotes to your current policy premium and determine if cheaper Malibu coverage is available. If you find a better price and switch companies, verify that coverage does not lapse between policies.
  4. Tell your current company of your intent to cancel your current coverage and submit a signed application and payment for the new coverage. Immediately upon receiving it, place the new certificate verifying coverage somewhere easily accessible.

One thing to remember is to try to use identical coverages on every price quote and and to get rates from as many companies as feasibly possible. Doing this ensures a fair price comparison and a good representation of prices.

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