How long has it been since the last time you looked for low-cost Chevy Malibu insurance in Phoenix? If you’re new to shopping for Phoenix car insurance quotes online, by this point your are probably confused thanks to the huge assortment of online auto insurance companies and websites all claiming to save you money.
Regrettably, the vast majority of consumers kept buying from the same company for a minimum of four years, and almost half have never compared rates with other companies. Phoenix consumers could save themselves as much as 50% a year by just comparing rate quotes, but they don’t invest the time required to find affordable rates by getting comparison quotes.
If you currently have car insurance, you will most likely be able to cut your premiums using these tips. These techniques will help educate you on how to compare rates easily and also pocket some savings Nevertheless, Arizona consumers must know how big insurance companies market insurance on the web because rates fluctuate considerably.
To find more affordable quotes, there are a couple of ways of comparing price quotes from many insurance companies in Arizona. The recommended way to do a complete rate comparison consists of obtaining rate quotes online.
When quoting insurance, remember that making a lot of price comparisons provides better odds of finding the best rates. Some insurance companies are not set up to provide online price quotes, so it’s important to compare price estimates on coverage from those companies, too.
The providers in the list below can provide price quotes in Arizona. If multiple companies are listed, it’s a good idea that you visit several of them in order to find the lowest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in specific location information which can revise premiums significantly.
Do you need full coverage?
The diagram below illustrates the comparison of Chevrolet Malibu insurance costs when comparing full coverage to state minimum liability only. The costs are based on no tickets, no at-fault accidents, $250 deductibles, single male driver, and no discounts are factored in.
Should you pay for full coverage?
There isn’t a written rule for phasing out full coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Chevrolet Malibu book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the deductible is paid. If it’s costing you more than $700 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some scenarios where dropping full coverage is not advised. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage.
How careless driving impacts auto insurance rates
The information below illustrates how traffic citations and accident claims can raise Chevrolet Malibu auto insurance costs for each age group. The premiums assume a married female driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
Why you need insurance for your vehicle
Even though Phoenix Malibu insurance rates can get expensive, insuring your vehicle may be required and benefits you in several ways.
- The majority of states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance if you drive a vehicle. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Chevy Malibu has a loan, more than likely the lender will make it mandatory that you buy insurance to ensure loan repayment if the vehicle is totalled. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Chevy at a significantly higher premium and require you to fork over the higher price.
- Insurance protects not only your vehicle but also your assets. It will also provide coverage for hospital and medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of having insurance outweigh the cost, particularly if you ever have a claim. According to a recent study, the average American driver is overpaying over $865 each year so compare quotes from several companies at every policy renewal to ensure rates are inline.
How You Can Control Chevy Malibu Insurance Prices
When buying auto insurance it’s important to understand the different types of things that play a part in calculating auto insurance rates. When consumers understand what impacts premium levels, this enables informed choices that may reward you with big savings. Lots of things are used in the calculation when you get your auto insurance bill. Some are obvious such as your driving history, but other criteria are more obscure like your vehicle usage or your vehicle rating.
Listed below are some of the most common factors companies use to determine prices.
- Raise your deductibles for better rates – Deductibles for physical damage are the amount of money you are willing to pay if a covered claim is submitted. Insurance for physical damage to your car, also called ‘full coverage’, is used to repair damage to your car. A few examples of covered claims are rearending another vehicle, damage from fire, or theft of your vehicle. The more money you’re willing to pay, the less your auto insurance will be.
- Policy add-ons may be wasting money – There are a ton of add-on coverages that can add up but may not be useful. Add-on coverages like replacement cost coverage, accident forgiveness, and Farm Bureau memberships may be wasting your money. These may sound like a good investment when you first buy your policy, but your needs may have changed so consider taking them off your policy.
- Liability insurance is critical – The liability section of your policy is the coverage that protects you in the event that you are responsible for damages from an accident. This coverage provides you with a defense in court which can cost a lot. It is affordable coverage compared to physical damage coverage, so buy as much as you can afford.
- File auto insurance claims and pay more – Companies in Arizona give lower rates to people who do not file claims often. If you are the type of insured that files lots of claims you can pretty much guarantee increased rates or even have your policy non-renewed. Auto insurance is intended for claims that you cannot pay yourself.
- Don’t let your auto insurance lapse – Having a gap between insurance policy dates is a quick way to increase your renewal premiums. In addition to paying higher premiums, not being able to provide proof of insurance will get you fines and jail time. You may have to file a SR-22 with the Arizona DMV.
- Do you qualify for a multi-policy discount? – Many insurers apply a discount for people that purchase more than one policy such as combining an auto and homeowners policy. This can amount to five, ten or even twenty percent. Even though this discount sounds good, consumers should still compare Chevy Malibu rates in Phoenix to help guarantee you have the best rates.
- Save by driving less – The more you drive your Chevy every year the higher your rates will be. Almost all companies apply a rate based upon how the vehicle is primarily used. Cars that sit idle most of the time receive lower rates compared to those used for work or business. Verify your auto insurance coverage reflects the proper vehicle usage. An improperly rated Malibu is throwing money out the window.
- Lower stress equals lower prices – Jobs like fire fighters, airline pilots, and emergency personnel are shown to have higher rates than the rest of us because of high stress levels and lots of time spent away from family. On the flip side, professions such as scientists, historians and the unemployed get better rates.
- Chevy Malibu insurance claim data – Insurers include the past claim trends for vehicles as a way to help calculate a profitable premium rate. Models that the statistics show to have higher prevalence or dollar amount of losses will cost more to insure. The table below outlines the historical insurance loss data for Chevy Malibu vehicles.
For each policy coverage type, the statistical loss for all vehicles, as a total average, is equal to 100. Percentage values below 100 suggest losses that are better than average, while percentage values above 100 show a trend for more claims or an increased chance of larger losses than average.
Chevrolet Malibu Insurance Claim Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Malibu 94 100 109 139 145 120
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Determine discounts to get cheap Phoenix auto insurance rates
Companies that sell car insurance don’t always publicize all available discounts very well, so we took the time to find a few of the more common and also the lesser-known savings tricks you should be using when you buy Phoenix car insurance online.
- No Accidents – Good drivers with no accidents pay less in comparison with frequent claim filers.
- New Vehicle Savings – Buying auto insurance coverage on a new vehicle can be considerably cheaper because newer models keep occupants safer.
- Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% than drivers with accidents.
- Passive Restraints – Options like air bags or automatic seat belts can get savings of up to 25% or more.
- Accident Waiver – Not really a discount, but some companies like GEICO, State Farm, and Progressive will forgive one accident before raising your premiums so long as you are claim-free for a particular time prior to the accident.
A little disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that you could get a free auto insurance policy, auto insurance companies aren’t that generous.
Companies and some of the discounts are:
- State Farm may offer discounts for accident-free, good driver, driver’s education, multiple policy, good student, and safe vehicle.
- American Family discounts include good driver, bundled insurance, defensive driver, TimeAway discount, good student, multi-vehicle, and early bird.
- AAA policyholders can earn discounts including good student, education and occupation, anti-theft, pay-in-full, and multi-policy.
- GEICO includes discounts for good student, emergency military deployment, military active duty, air bags, and federal employee.
- Mercury Insurance offers premium reductions for accident-free, low natural disaster claims, multi-policy, anti-theft, and age of vehicle.
- Farmers Insurance has savings for pay in full, early shopping, business and professional, electronic funds transfer, and alternative fuel.
- Progressive offers discounts for good student, online signing, homeowner, continuous coverage, multi-vehicle, and online quote discount.
Before buying, ask every insurance company how you can save money. Some discounts may not be available in Phoenix. To see a list of companies with discount rates in Phoenix, click this link.
Everyone needs different auto insurance coverages
When selecting proper insurance coverage for your vehicles, there really isn’t a single plan that fits everyone. Every situation is different.
These are some specific questions may help highlight whether you might need an agent’s assistance.
- What discounts do I qualify for?
- What if I total my Chevy Malibu and owe more than it’s worth?
- Do I need added coverage for expensive stereo equipment?
- Should I buy more coverage than the required Arizona minimum liability coverage?
- What if an uninsured driver hits me?
- What is high-risk coverage and where do I buy it?
- Are there companies who specialize in insuring high-risk drivers?
- Do I need motorclub coverage?
- Will I be non-renewed for getting a DUI or other conviction?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.
Independent versus exclusive auto insurance agents
Many people would prefer to buy from a licensed agent and doing so can bring peace of mind An additional benefit of getting online price quotes is the fact that drivers can get cheap auto insurance rates and still choose a local agent. Buying insurance from local insurance agencies is important especially in Phoenix.
After completing this quick form, the coverage information is immediately sent to local insurance agents in Phoenix who will give you quotes for your insurance coverage. There is no reason to even leave your home as quotes are delivered to you directly. You can most likely find cheaper rates and an insurance agent to talk to. If you wish to quote rates from one company in particular, don’t hesitate to find their quoting web page and fill out their quote form.
Pick the best car insurance agent in Phoenix for you
If you are wanting to purchase auto insurance from a local insurance agency, it helps to know the two different agency structures that you can choose from. Insurance agencies in Phoenix may be either independent or exclusive depending on the company they work for.
Independent Auto Insurance Agencies
Agents that elect to be independent are not required to write business for one company and that gives them the ability to insure with many different companies and get the cheapest rates. If your agent finds better pricing, they can switch companies in-house and you don’t have to find a new agent.
If you are comparing auto insurance prices, you definitely need to get some free quotes from at a minimum one independent agency for the best price selection. Most independent agents also contract with mutual insurance companies that may provide cheaper auto insurance rates.
Listed below is a small list of independent agencies in Phoenix who may provide free price quotes.
- Best Buy Insurance
3917 S Central Ave – Phoenix, AZ 85040 – (602) 268-2548 – View Map
- American Premier Insurance Agency
16815 S Desert Foothills Pkwy #140 – Phoenix, AZ 85048 – (480) 423-3444 – View Map
- MiniCo Insurance Agency, LLC
10851 N Black Canyon Hwy #200 – Phoenix, AZ 85029 – (800) 528-1056 – View Map
Exclusive Insurance Agents
Exclusive agencies can only provide one company’s prices like State Farm or Allstate. They usually cannot provide other company’s prices so they have to upsell other benefits. They receive extensive training on their company’s products and that enables them to sell even at higher rates. A lot of people purchase coverage from exclusives mostly because of the prominence of the brand rather than low price.
The following are Phoenix exclusive insurance agents that can give you comparison quotes.
- Douglas Cheung – State Farm Insurance Agent
2600 N 44th St #110 – Phoenix, AZ 85008 – (602) 840-6655 – View Map
- John Abercrombie III – State Farm Insurance Agent
7207 N 7th St – Phoenix, AZ 85020 – (602) 906-0299 – View Map
- Jacob Rosell – State Farm Insurance Agent
2218 N 24th St – Phoenix, AZ 85008 – (602) 267-8200 – View Map
Picking an car insurance agent should depend on more than just a cheap price. A good agent in Phoenix will have answers to these questions.
- Do they specialize in personal lines auto insurance in Phoenix?
- Is there a 24/7 contact number?
- Is the coverage adequate for your vehicle?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
Get the best coverage at the most affordable price
People change insurance companies for a variety of reasons including denial of a claim, extreme rates for teen drivers, not issuing a premium refund and an unsatisfactory settlement offer. It doesn’t matter what your reason, choosing a new insurance company is not as hard as you think.
We just presented many ways to get a better price on Chevy Malibu insurance in Phoenix. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest prices are with a company that doesn’t do a lot of advertising.
When trying to cut insurance costs, make sure you don’t reduce needed coverages to save money. In many instances, someone sacrificed full coverage only to find out that a couple dollars of savings turned into a financial nightmare. The goal is to buy enough coverage at the best possible price, but do not skimp to save money.
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