Want to learn how to buy more competitive Chevy Malibu insurance in Colorado Springs? Nobody that owns a car is fond of buying insurance, particularly when the cost is way too high.

Insurance quote for Chevy Malibu in Colorado SpringsSurprisingly, a recent survey revealed that most insurance policyholders have bought insurance from the same company for a minimum of four years, and nearly 40% of drivers have never compared rates from other carriers. The average driver in Colorado Springs can save hundreds of dollars each year just by comparing rates, but they think it's difficult to compare rate quotes. Popular companies such as State Farm, Allstate, GEICO and Progressive persitently shower you with ad campaigns and consumers find it hard to see through the deception and take the time to shop coverage around.

It's smart to shop coverage around before your next renewal because prices tend to go up over time. Just because you found the best price on Chevy Malibu insurance in Colorado Springs a year ago you may be paying too much now. You can find a lot of wrong information about Malibu insurance on the web, but in just a couple of minutes you can learn the best ways to put money back in your pocket.

Get cheaper Chevy Malibu insurance rates in Colorado Springs

Companies that sell car insurance don't always advertise every possible discount very clearly, so the next list breaks down some of the more common as well as some of the hidden credits available to you.

As is typical with insurance, most of the big mark downs will not be given to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like having all the discounts means you get insurance for free, it doesn't quite work that way.

A few popular companies and some of their more popular discounts can be found below.

Double check with all companies you are considering which credits you are entitled to. A few discounts might not be offered on policies in your area.

The easiest way to compare rates for Chevy Malibu insurance in Colorado Springs utilizes the fact almost all companies actually pay money for the chance to provide you with a free rate quote. To begin a comparison, all you need to do is provide the companies a bit of rating information including your general credit rating, your job, how much you drive, and if the car is leased. Your insurance information is instantly provided to multiple top-rated companies and you should receive rate quotes instantly.

To start a quote now, click here and enter your coverage details.

The companies shown below are our best choices to provide price comparisons in Colorado. If more than one company is shown, it's highly recommended you compare several of them to get the most competitive price.

Chevrolet Malibu Insurance Cost Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $162 $282 $358 $22 $108 $932 $78
Malibu Hybrid $190 $380 $396 $24 $118 $1,108 $92
Malibu LT $172 $264 $362 $22 $108 $928 $77
Malibu LTZ $340 $662 $474 $28 $142 $1,646 $137
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Price estimates do not factor in vehicle location which can raise or lower rates substantially.

Rate comparison for different deductibles

When comparing auto insurance rates, the most common question is how low should you set your deductibles. The following tables help summarize the costs and benefits of buying low and high policy deductibles. The first rate quote example uses a $250 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Chevrolet Malibu insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $272 $458 $352 $20 $106 $1,233 $103
Malibu Hybrid $272 $458 $352 $20 $106 $1,233 $103
Malibu LT $306 $458 $352 $20 $106 $1,267 $106
Malibu LTZ $306 $538 $352 $20 $106 $1,347 $112
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Chevrolet Malibu insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $220 $368 $352 $20 $106 $1,066 $89
Malibu Hybrid $220 $368 $352 $20 $106 $1,066 $89
Malibu LT $250 $368 $352 $20 $106 $1,096 $91
Malibu LTZ $250 $434 $352 $20 $106 $1,162 $97
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price estimates do not factor in vehicle garaging location which can modify premiums considerably.

Based on the figures above, using a $250 deductible costs an average of $14 more each month or $168 every year than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you have at a minimum 18 months between claim filings, you would probably save some money if you choose a higher deductible.

Should you raise deductibles?

The chart below shows how choosing a deductible and can impact Chevrolet Malibu insurance costs for different insured age categories. The rates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.

Chevrolet Malibu full coverage rates compared to liability only

The diagram below shows the difference between Chevrolet Malibu auto insurance costs with liability coverage only compared to full coverage. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, single female driver, and no additional discounts are factored in.

Should you buy full coverage or liability only?

There isn't a steadfast formula to drop full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let's pretend your Chevrolet Malibu replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $3,000 after you pay the deductible. If you are paying in excess of $300 annually to have full coverage, then it may be the right time to buy liability only.

There are a few situations where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Why Informed Drivers Pay Less for Chevy Malibu Insurance

Part of the auto insurance buying process is learning a few of the rating criteria that aid in calculating your policy premiums. If you have some idea of what determines base rates, this enables informed choices that can earn you lower rates.

The list below includes most of the major factors used by insurance companies to determine your prices.

Filing policy claims can cost you - If you frequently file small claims, you can definitely plan on increased rates or even have your policy non-renewed. Companies in Colorado give cheaper rates to people that do not abuse their auto insurance. Your insurance policy is intended for claims that pose a financial burden.

Costs are impacted by vehicle performance - The make and model of the vehicle you are insuring makes a huge difference in your premium level. Because the Chevrolet Malibu is considered a passenger car, insurance will be similar in price or lower as compared to the average rate in Colorado Springs. Low performance passenger cars generally have the cheapest insurance rates, but the final cost of insurance is determined by many other factors.

More than one policy can earn a discount - Some companies apply lower prices for people who buy several policies from them in the form of a multi-policy discount. The discount can add up to 10 percent or more. Even if you're getting this discount drivers will still want to compare other company rates to ensure the best deal.

Avoid traffic tickets - Having just one driving citation can boost insurance rates substantially. Drivers with clean records receive lower rates than people who have multiple driving citations. Drivers who have gotten careless citations like DWI, reckless driving or hit and run convictions may find they need to prove financial responsibility with their state's licensing department in order to legally drive.

Urban areas may pay more - Living in less populated areas is a good thing when talking about auto insurance. People who live in big cities have to deal with more aggressive driving styles and much longer commute distances. Fewer drivers on the road translates into fewer accident claims and a lower car theft rate.

How do annual miles impact rates? - The more you drive your Chevy in a year's time the more it will cost to insure it. Many insurance companies apply a rate determined by how the vehicle is used. Cars and trucks left parked in the garage qualify for better rates than vehicles that are driven to work every day. Verify your auto insurance policy is rated on the correct driver usage, because improper ratings can cost you money. Having an incorrect usage rating on your Malibu can cost quite a bit.

Your age impacts your premiums - Teen drivers in Colorado tend to be less responsible behind the wheel so auto insurance rates are higher. If you've ever had to add a young driver onto your auto insurance can be quite pricey. Older, more experienced drivers have been proven to be more responsible, file fewer claims, and get fewer tickets.

Insurance loss data for a Chevy Malibu - Insurers use past loss statistics for each vehicle to determine a rate that will be profitable for them. Models that statistically have a trend towards higher claim severity or frequency will have higher premium rates.

The table below outlines the insurance loss data for Chevy Malibu vehicles. For each coverage category, the claim amount for all vehicles, regardless of manufacturer or model, equals 100. Numbers below 100 imply a favorable loss record, while numbers shown that are more than 100 point to more claims or statistically larger claims.

Car Insurance Loss Data for Chevrolet Malibu Models

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Buying from insurance agents

A small number of people still like to talk to an insurance agent and that is recommended in a lot of cases Agents can help you choose the best coverages and help submit paperwork. The biggest benefit of comparing rate quotes online is that you can obtain better rates and still have an agent to talk to. And supporting local agencies is still important in Colorado Springs.

To find an agent, once you fill out this simple form, your insurance data is instantly submitted to agents in your area who will gladly provide quotes for your insurance coverage. You won't need to contact an agency because quoted prices will be sent immediately to you. If for some reason you want to get a comparison quote from a specific car insurance provider, don't hesitate to jump over to their website and fill out their quote form.

If you prefer to buy car insurance from a reliable insurance agency, there are a couple of different agency structures and how they are distinctly different. Car insurance policy providers are classified as either exclusive or independent. Both types can provide car insurance policies, but it's important to know why they differ because it can factor into the selection process.

Independent Car Insurance Agents

These type of agents are normally appointed by many insurers so they have the ability to put coverage with many different companies and find the cheapest rate. If premiums increase, your agent can just switch to a different company and you won't have to switch agencies. If you are comparing car insurance prices, we recommend you compare prices from at a minimum one independent agency for maximum quote selection.

Below are Colorado Springs independent insurance agencies that can give you free car insurance rate quotes.

2105 E Bijou St A - Colorado Springs, CO 80909 - (719) 636-3369 - View Map

5585 Erindale Dr #107 - Colorado Springs, CO 80918 - (719) 528-1884 - View Map

3630 Sinton Rd # 200 - Colorado Springs, CO 80907 - (719) 590-9990 - View Map

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Exclusive Agencies

Exclusive agencies are contracted to one company and some examples include AAA, Allstate, and State Farm. Exclusive agents cannot give you multiple price quotes so they really need to provide good service. Exclusive insurance agents are trained well on their products and sales techniques which helps overcome the inability to quote other rates.

The following are exclusive agents in Colorado Springs that can give you rate quotes.

Larry Lucero - State Farm Insurance Agent
5225 Academy Blvd N #108 - Colorado Springs, CO 80918 - (719) 599-8661 - View Map

3649 Star Ranch Rd - Colorado Springs, CO 80906 - (719) 540-9520 - View Map

12710 Voyager Pkwy - Colorado Springs, CO 80921 - (719) 582-2759 - View Map

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Finding the right car insurance agent requires you to look at more than just a cheap price quote. These questions are important to ask:

Here's why car insurance is not optional

Even though it's not necessarily cheap to insure a Chevy in Colorado Springs, buying car insurance is required in Colorado but also provides important benefits.

The benefits of insuring your Malibu definitely exceed the price paid, particularly if you ever have a claim. As of last year, the average driver in Colorado is wasting up to $865 each year so compare rates at least once a year to make sure the price is not too high.

You can lower your insurance rates

Throughout this article, we presented many ways to compare Chevy Malibu insurance premium rates in Colorado Springs. The most important thing to understand is the more rate quotes you have, the better likelihood of getting affordable Colorado Springs car insurance quotes. You may even discover the best price on insurance is with a small local company. They can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

Cheap Chevy Malibu insurance in Colorado Springs can be bought online and from local agencies, and you should compare rates from both to get a complete price analysis. There are still a few companies who may not offer the ability to get a quote online and these regional insurance providers sell through independent insurance agencies.

Even more information is available at these sites: