Car Insurance Quotes for a Chevy Malibu in Detroit

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Discount Chevy Malibu insuranceSadly, most consumers have remained with the same car insurance company for at least four years, and nearly 40% of drivers have never compared rates from other carriers. Michigan drivers could cut their rates by nearly 65% a year by just comparing rate quotes, but they just don't want to shop their coverage around.

The best way we recommend to get budget Chevy Malibu insurance is to regularly compare prices from insurance carriers who provide car insurance in Detroit.

Step 1: Read about auto insurance and the things you can control to keep rates down. Many things that cause high rates such as distracted driving and a substandard credit score can be amended by making minor driving habit or lifestyle changes.

Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Allstate, while independent agents can provide rate quotes from multiple insurance companies.

Step 3: Compare the quotes to the price on your current policy to determine if you can save on Malibu insurance. If you can save some money, make sure there is no coverage gap between policies.

Step 4: Tell your current company of your intention to cancel your current auto insurance policy. Submit payment and a signed application to your new company or agent. As soon as you can, keep your new certificate verifying coverage in an accessible location in your vehicle.

The most important part of shopping around is to use similar limits and deductibles on each price quote and and to get rates from as many companies as you can. This enables the most accurate price comparison and the best price selection.

If you're already insured or want to find a cheaper company, use these tips to shop for the lowest rates and still have adequate protection. Buying the cheapest insurance in Detroit is really quite simple as long as you have a good starting point. Smart buyers just have to know the most efficient way to buy insurance from many companies at once.

The most recommended method to compare policy rates for Chevy Malibu insurance in Detroit is to take advantage of the fact almost all companies participate in a system to give free rates quotes. All consumers are required to do is give the companies some data including how much school you completed, whether or not you need a SR-22, if you have an active license, and what your job is. Your information is automatically sent to many highly-rated insurers and you will receive price estimates almost instantly.

If you would like to compare rates now, click here and enter the information requested.

The companies in the list below are ready to provide price quotes in Detroit, MI. If you wish to find cheap car insurance in Detroit, MI, it's a good idea that you visit as many as you can to get the best price comparison.

Rates and detailed analysis

The rate information shown next outlines detailed analysis of prices for Chevy Malibu models. Having a better understanding of how insurance rates are figured can benefit drivers when making smart policy decisions.

Chevrolet Malibu Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $608 $900 $904 $54 $270 $2,736 $228
Malibu Hybrid $608 $900 $904 $54 $270 $2,736 $228
Malibu LT $686 $900 $904 $54 $270 $2,814 $235
Malibu LTZ $686 $1060 $904 $54 $270 $2,974 $248
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Table data does not factor in specific Detroit garaging location which can affect price quotes significantly.

Deductible comparison

One of the more difficult decisions when buying car insurance is where to set your physical damage deductibles. The tables below may help to conceptualize the rate difference of buying low and high physical damage deductibles. The first rate table uses a $250 physical damage coverage deductible and the second set of prices 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 $534 $900 $690 $40 $206 $2,395 $200
Malibu Hybrid $534 $900 $690 $40 $206 $2,395 $200
Malibu LT $602 $900 $690 $40 $206 $2,463 $205
Malibu LTZ $602 $1060 $690 $40 $206 $2,623 $219
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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 $330 $566 $690 $40 $206 $1,832 $153
Malibu Hybrid $330 $566 $690 $40 $206 $1,832 $153
Malibu LT $372 $566 $690 $40 $206 $1,874 $156
Malibu LTZ $372 $666 $690 $40 $206 $1,974 $165
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Prices do not factor in vehicle location which can influence coverage prices considerably.

Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $49 more each month or $588 each year than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 15 months between claim filings, you would save more money if you decide on a higher deductible.

The illustration below shows how choosing a deductible and can change Chevy Malibu insurance rates for each age group. The costs are based on a single female driver, comp and collision included, and no discounts are applied to the premium.

Should you buy full coverage?

The information below illustrates the comparison of Chevy Malibu annual premium costs when comparing full coverage to liability only. The costs are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.

Should you pay for full coverage?

There is no exact rule to delete comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let's say your Chevy Malibu replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $5,000 after the policy deductible has been paid. If premium cost is more than $500 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping full coverage is not in your best interest. If you haven't paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Discount Detroit auto insurance rates

The cost of insuring your cars can be expensive, but companies offer discounts that many consumers don't even know exist. A few discounts will be applied when you purchase, but a few must be manually applied before you will receive the discount. If you do not check that you are getting every discount you qualify for, you're paying more than you need to.Save money with discounts

  • Telematics Data - Detroit drivers who agree to allow their auto insurance company to scrutinize vehicle usage by using a telematics device such as In-Drive from State Farm or Allstate's Drivewise system may get a rate reduction if they have good driving habits.
  • Full Payment Discount - If you pay your bill all at once rather than spreading payments over time you could save up to 5%.
  • Accident-Free Discounts - Drivers who don't have accidents have much lower rates when compared with drivers who are more careless.
  • Discount for Life Insurance - Some insurance companies give a discounted auto insurance rate on car insurance if you buy a life policy as well.
  • Use Seat Belts - Forcing all vehicle occupants to buckle up before driving can save up to 15% off the medical payments premium.
  • New Vehicle Savings - Adding a new car to your policy can cost up to 25% less since new model year vehicles are generally safer.
  • Anti-theft System - Cars, trucks, and SUVs equipped with anti-theft or alarm systems are stolen with less frequency and will qualify for a discount on a Detroit car insurance quote.
  • Switch and Save Discount - A few insurance companies give discounts for switching to them before your current expiration date. It's a savings of about 10%.

It's important to understand that some credits don't apply to your bottom line cost. Most only cut individual premiums such as medical payments or collision. Despite the fact that it seems like all those discounts means the company will pay you, nobody gets a free ride.

The chart below illustrates the comparison of Chevy Malibu premium costs with and without discounts. The premium estimates are based on a male driver, no accidents or driving violations, Michigan state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, claim-free, multi-policy, and marriage discounts applied.

Larger auto insurance companies and their possible discounts can be read below.

  • GEICO offers discounts for air bags, defensive driver, anti-lock brakes, anti-theft, and multi-vehicle.
  • MetLife policyholders can earn discounts including good student, defensive driver, claim-free, accident-free, multi-policy, and good driver.
  • Progressive has savings for multi-policy, good student, online signing, continuous coverage, and online quote discount.
  • Travelers offers premium reductions for good student, early quote, save driver, new car, and continuous insurance.
  • SAFECO may include discounts for multi-car, anti-theft, drive less, safe driver, anti-lock brakes, and accident prevention training.
  • AAA includes discounts for anti-theft, multi-car, pay-in-full, education and occupation, and good student.

When getting a coverage quote, ask all companies you are considering which discounts you qualify for. Some credits may not apply to policies in Detroit. If you would like to choose from a list of insurers who offer auto insurance discounts in Detroit, follow this link.

It may be expensive, but it's not optional

Despite the high cost, paying for insurance is not optional due to several reasons.

  • Most states have mandatory liability insurance requirements which means you are required to buy specific limits of liability coverage in order to drive the car legally. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a lien on your Chevy Malibu, more than likely the lender will require that you buy full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank will be required to insure your Chevy at a significantly higher premium and force you to pay for the much more expensive policy.
  • Insurance preserves not only your vehicle but also your assets. It will also cover medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of your driving. If damage is caused by hail or an accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of having insurance are without a doubt worth the cost, especially for larger claims. The average driver in America is wasting up to $855 a year so we recommend shopping around at every renewal to ensure rates are competitive.

Which is the best insurance?

When selecting the right insurance coverage, there is no "perfect" insurance plan. Your needs are unique to you.Safe vehicles cost less to insure

These are some specific questions can help discover whether your personal situation would benefit from an agent's advice.

  • Is my dog or cat covered if injured in an accident?
  • Does coverage extend to my business vehicle?
  • Is my ex-spouse still covered by my policy?
  • What states are considered no-fault?
  • Do I need replacement cost coverage?
  • Do they offer discounts for home and auto coverage?
  • Do I pay less if my vehicle is kept in my garage?
  • Am I covered if I back into my garage door?
  • How do I insure my teen driver?

If it's difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and may give you better protection.

Insurance agencies are trained to help

Many people still like to go talk to an agent and doing that can be a smart decision Good agents are trained to spot inefficiencies and help file insurance claims. One of the great benefits of comparing rate quotes online is that you can obtain the lowest rates and still choose a local agent. And supporting local insurance agents is especially important in Detroit.

Insurance agents in DetroitTo find an agent, once you fill out this form (opens in new window), your coverage information is sent to participating agents in Detroit who can give free rate quotes for your coverage. You won't even need to contact an agency as quotes are delivered to you. In the event you want to compare prices from a specific car insurance provider, you would need to visit that company's website and fill out their quote form.

When narrowing the list to find an insurance agent, it can be helpful to understand the different types of agents and how they can write your policy. Insurance agencies in Detroit can be classified as either independent or exclusive depending on the company they work for. Both types of agents can handle car insurance, but we need to point out the difference in how they write coverage since it could factor into buying decisions.

Independent Car Insurance Agencies

These type of agents are not employed by one company and that is an advantage because they can write policies with multiple insurance companies and possibly get better coverage at lower prices. If they find a lower price, they can switch companies in-house and the insured can keep the same agent.

When searching for an agent, you definitely need to get quotes from a few independent agents to maximize your price options.

Featured below is a short list of independent agents in Detroit who can help you get rate quotes.

3031 W Grand Blvd #320 - Detroit, MI 48202 - (313) 875-9147 - View Map

15607 Grand River Ave - Detroit, MI 48227 - (313) 835-4000 - View Map

Thomas L Whatley Agency Inc
14710 Puritan Ave - Detroit, MI 48227 - (313) 272-5955 - View Map

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Exclusive Insurance Agencies

Agents that elect to be exclusive can usually just insure with one company and examples are AAA, State Farm, Farmers Insurance, and Allstate. These agents are unable to provide prices from multiple companies so always compare other rates. These agents are usually quite knowledgeable on what they offer which helps them sell on service rather than price.

Shown below are Detroit exclusive insurance agents who can help you get price quote information.

3570 W Vernor Hwy - Detroit, MI 48216 - (313) 849-2000 - View Map

14511 W McNichols Rd - Detroit, MI 48235 - (313) 862-7800 - View Map

Michelle Sims - State Farm Insurance Agent
24970 W Outer Dr - Lincoln Park, MI 48146 - (313) 928-1348 - View Map

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Choosing a car insurance agent needs to be determined by more than just the bottom line cost. Ask your prospective agent these questions:

  • What company do they have the most business with?
  • What is their Better Business Bureau rating?
  • Is the agency involved in supporting local community causes?
  • In the event of vehicle damage, can you pick the collision repair facility?
  • Do they see any coverage gaps in your plan?
  • Does the agency have a current Errors and Omissions policy?
  • How much will you save each year by using a higher deductible?

If you get answers to your satisfaction to your questions and an affordable coverage quote, it's a good possibility that you have found an insurance agent that is reliable enough to adequately provide car insurance. Just be aware that you can cancel your coverage any time you want so don't feel you are locked into a specific company for a certain time period.