Are you researching more affordable car insurance rates in Fort Collins, CO? Fort Collins consumers have options when looking for affordable Chevy Malibu insurance. You can either spend your time driving around to get rate comparisons or leverage the internet to find the lowest rates.
There are more efficient ways to find car insurance online so you're going to learn the absolute fastest way to get price quotes for your Chevy and get the lowest possible price from both online companies and Fort Collins agents.
It is always a good idea to get comparison quotes at least once a year because insurance prices change quite often. Just because you had the lowest price on Chevy Malibu insurance in Fort Collins last year a different company probably has better rates today. Forget anything you know (or think you know) about car insurance because you're going to get a crash course in one of the best ways to lower your annual insurance bill.
If you're already insured or just want cheaper coverage, follow these tips to get lower rates without sacrificing coverage. This article's goal is to instruct you on the best ways to compare prices and how you can save the most money. Consumers just need to know the fastest way to compare insurance rates over the internet.
Companies offering competitive Chevy Malibu price quotes in Fort Collins, CO
The companies in the list below can provide free rate quotes in Colorado. If more than one company is shown, we recommend you visit several of them to find the lowest auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in your specific Fort Collins location which can modify insurance rates considerably.
Rate difference between full and liability-only coverage
The example below shows the comparison of Chevrolet Malibu car insurance rates when comparing full coverage to state minimum liability only. The premiums are based on no claims, a clean driving record, $100 deductibles, single male driver, and no discounts are applied.
When to buy liability coverage only
There is no definitive rule to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let's say your Chevrolet Malibu book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after the policy deductible has been paid. If premiums are more than $500 a year to have full coverage, then you may want to consider only buying liability coverage.
There are a few situations where only buying liability is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Age-based auto insurance rates by gender
The diagram below illustrates the comparison of Chevrolet Malibu auto insurance rates for male and female drivers. The costs are based on no claims or violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.
These eight discounts can lower your car insurance rates
Some insurers don't always advertise every possible discount in a way that's easy to find, so we break down some of the best known and the harder-to-find discounts that may be available.
- Defensive Driver Discounts - Taking part in a course teaching safe driver skills could save 5% or more and also improve your driving technique.
- Safe Driver Discounts - Drivers who avoid accidents can save as much as half off their rates than drivers with accident claims.
- Homeowners Savings - Just being a homeowner can help you save on car insurance since owning and maintaining a home demonstrates responsibility.
- Save with a New Car - Buying a new car instead of a used Malibu can be considerably cheaper since newer models have better safety ratings.
- Paperwork-free - A handful of companies will give a small break for buying your policy online.
- Accident-Free Discounts - Drivers who don't have accidents can save substantially when compared with bad drivers.
- Payment Discounts - If you pay your bill all at once rather than paying monthly you could save 5% or more.
- Discount for Multiple Policies - If you insure your home and vehicles with the same company you could save as much as 10 to 15 percent.
Don't be shocked that most discount credits are not given to the overall cost of the policy. A few only apply to individual premiums such as collision or personal injury protection. Just because you may think it's possible to get free car insurance, companies wouldn't make money that way.
A partial list of companies that have these discounts may include but are not limited to:
Check with every company the best way to save money. Some of the earlier mentioned discounts might not apply in Fort Collins. To choose car insurance companies who offer free Chevy Malibu insurance quotes in Fort Collins, click here to view.
You may need specialized auto insurance coverage
When buying coverage online or from an agent for your personal vehicles, there really is not a perfect coverage plan. Each situation is unique.
Here are some questions about coverages that may help highlight if you would benefit from professional advice.
- Do I need more liability coverage?
- Is my teen driver covered when they drive my company car?
- Should I drop comprehensive coverage on older vehicles?
- How much will a speeding ticket raise my rates?
- Is there a penalty for late payment?
- Should I buy additional glass protection?
- Is there coverage for my trailer?
- Can I make deliveries for my home business?
- Is my Chevy Malibu covered if I use it for business?
- Why am I required to buy liability insurance?
If you're not sure about those questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and you can get the answers you need.
Get rate quotes but still have a neighborhood Fort Collins auto insurance agent
Some consumers still like to buy from a local agent and that is a personal choice. Most agents are trained to spot inefficiencies and help you file claims. The best thing about comparing rate quotes online is the fact that drivers can get cheap rate quotes and still have a local agent. Supporting local insurance agents is especially important in Fort Collins.
For easy comparison, once you complete this quick form, the quote information is emailed to local insurance agents in Fort Collins who will return price quotes to get your business. It makes it easy because there is no need to drive around because prices are sent directly to your email. If you have a need to get a rate quote for a specific company, you would need to navigate to their website to submit a rate quote request.
Picking an insurer requires more thought than just a cheap price quote. These questions are important to ask:
- Where would your vehicle be repaired?
- What are their preferred companies if they are an independent agency?
- Are they able to influence company decisions when a claim is filed?
- Does the company allow you to choose your own collision repair facility?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Has the agent ever had any license suspensions?
- How many companies do they write for?
- Is there a local claims center in Fort Collins?
Once you have received acceptable answers to any questions you have in addition to an acceptable price estimate, you've probably found an insurance company that can be trusted to provide auto insurance coverage.
Insurance advertising tricks
Colorado drivers can't escape the ads that promise big savings by GEICO, State Farm and Progressive. They all seem to convey the message that you'll save big if you move to them.
Is it even possible that every company can charge less that you're paying now? It's all in the wording.
All companies have a certain "appetite" for the type of insured that is profitable for them. For instance, a profitable insured might have to be between 25 and 40, has never had a claim, and chooses high deductibles. Any new insured who meets those qualifications receive the lowest rate quotes in Fort Collins as well as save some money.
Consumers who do not meet these criteria will see higher prices and this results in the customer not buying. The trick companies use is to say "customers that switch" not "everyone that quotes" save that much money. That's why insurance companies can make the claims of big savings.
Each company has different criteria, so drivers must do a price quote comparison at every renewal. You cannot predict which company will fit your personal profile best.
Auto insurance policy coverages for a Chevy Malibu
Knowing the specifics of a auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.
Comprehensive coverage (or Other than Collision)
This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as falling objects, rock chips in glass, vandalism and hitting a deer. The most you'll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle's occupants and also any damage incurred to your Chevy Malibu.
Due to the fact that many Colorado drivers carry very low liability coverage limits (Colorado limits are 25/50/15), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these limits are identical to your policy's liability coverage.
Coverage for collisions
This coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as sideswiping another vehicle, sustaining damage from a pot hole, crashing into a ditch and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible on your Malibu to save money on collision insurance.
This coverage will cover damage or injury you incur to other's property or people that is your fault. This coverage protects you against other people's claims, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/15 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $15,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for things like repair bills for other people's vehicles, legal defense fees, repair costs for stationary objects and attorney fees. The amount of liability coverage you purchase is up to you, but it's cheap coverage so purchase as large an amount as possible. Colorado state law requires minimum liability limits of 25/50/15 but drivers should carry more coverage.
Insurance for medical payments
Med pay and PIP coverage provide coverage for expenses like nursing services, funeral costs, chiropractic care and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
One last thing about your coverage
We just showed you many ideas to reduce Chevy Malibu insurance premium rates online in Fort Collins. It's most important to understand that the more providers you compare, the better your chances of lowering your prices. Consumers may even find the lowest priced car insurance comes from some of the lesser-known companies.
As you prepare to switch companies, it's very important that you do not buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced physical damage coverage and found out when filing a claim that the small savings ended up costing them much more. Your objective should be to find the BEST coverage at the lowest possible cost and still be able to protect your assets.
Insureds who switch companies do it for a number of reasons such as unfair underwriting practices, policy non-renewal, extreme rates for teen drivers and not issuing a premium refund. No matter why you want to switch, switching car insurance companies is less work than it seems.
Additional learning opportunities
- Tread Depth and Tire Safety (State Farm)
- How Much is Colorado Auto Insurance for a Chevrolet Silverado? (FAQ)
- Who Has Affordable Auto Insurance for Real Estate Agents in Colorado? (FAQ)
- Who Has Cheap Auto Insurance for 16 Year Olds in Colorado? (FAQ)
- Who Has the Cheapest Colorado Car Insurance for Young Drivers? (FAQ)
- What Car Insurance is Cheapest in Thornton, Colorado? (FAQ)
- Teen Driving Statistics (iihs.org)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)