2005 Chevrolet Malibu Maxx Car Insurance Rates – 6 Ways to Save

Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance policy? Trust us when we tell you many consumers feel financially strained by their insurance policy.

Companies like State Farm and Geico all claim big savings with ads and consumers find it hard to see past the corporate glitz and effectively compare rates to find the best deal.

It’s smart to take a look at other company’s rates before your policy renews because prices are usually higher with each renewal. Just because you had the lowest price for Malibu Maxx insurance six months ago you may be paying too much now. There is a lot of bad information regarding insurance online, so I’m going to show you some excellent ideas to save money.

If you currently have car insurance, you should be able to cut costs considerably using this information. Choosing the best insurance company for you is not that difficult. But consumers must comprehend the methods companies use to compete online and take advantage of how the system works.

Auto Insurance Quote Comparison

All major auto insurance companies such as State Farm and Allstate give pricing on the web. Getting online quotes is quite simple as you simply enter your coverage preferences as requested by the quote form. After the form is submitted, their rating system collects your driving record and credit report and gives you a price quote based on many factors. Quoting online makes it a lot easier to compare rates but the work required to visit multiple sites and complete many quote forms is repetitive and time-consuming. But it’s very important to have as many quotes as possible in order to find a better rate.

Quote rates the easy way

The quickest way to get multiple rate quotes requires only one form that gets prices from a lot of companies. It’s a real time-saver, requires much less work on your part, and makes online price comparison much more enjoyable and efficient. Immediately after submitting the form, it is rated and you are able to buy your choice of the resulting price quotes.

If you find a better price it’s easy to complete the application and purchase the new policy. The entire process can be completed in less than 10 minutes and may result in a nice savings.

To save time and find out how much you’re overpaying now, simply click here to open in new window and complete the simple form. If you have your current policy handy, we recommend that you enter the limits and deductibles identical to your current policy. This way, you will receive comparison quotes based on similar coverages.

Do you qualify for a discount?

Car insurance can cost a lot, buy you may qualify for discounts that you may not even be aware of. Certain discounts will be triggered automatically when you complete an application, but less common discounts must be requested specifically prior to receiving the credit.

• Multiple Policy Discount – When you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
• Early Signing – Some insurance companies reward drivers for signing up before your current expiration date. This can save 10% or more.
• Own a Home – Being a homeowner can help you save on insurance coverage due to the fact that maintaining a home requires personal responsibility.
• Anti-theft Discount – Cars that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
• New Vehicle Savings – Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
• Claim Free – Good drivers with no accidents can save substantially when compared to accident-prone drivers.

It’s important to understand that most discounts do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as liability and collision coverage. Just because it seems like you can get free auto insurance, it doesn’t quite work that way. But all discounts will reduce the amount you have to pay.

To see a list of insurers with the best insurance coverage discounts, click this link.

What coverages do I need?

When buying adequate coverage, there really is not a best way to insure your cars. Each situation is unique and your policy should reflect that. For instance, these questions could help you determine if your insurance needs might need an agent’s assistance.

• Is a fancy paint job covered?
• How high should deductibles be on a 2005 Chevy Malibu Maxx?
• Should I carry comprehensive and collision coverage?
• Am I covered when driving in Canada or Mexico?
• When should I buy a commercial auto policy?
• Do I need special endorsements for business use of my vehicle?
• Is other people’s property covered if stolen from my vehicle?
• Does my policy cover me when driving someone else’s vehicle?
• Do I have coverage if my license is suspended?
• Do I have coverage when making deliveries for my home business?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.

Insurance coverages and their meanings

Having a good grasp of a insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types found on the average insurance policy.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for bills like nursing services, ambulance fees and doctor visits. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Liability – Liability coverage will cover damages or injuries you inflict on people or other property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage pays for things such as court costs, loss of income and attorney fees. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Chevy Malibu Maxx.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages are set the same as your liablity limits.

Comprehensive coverage – Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, theft, vandalism and fire damage. The maximum amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverage – Collision coverage covers damage to your Malibu Maxx resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as hitting a parking meter, rolling your car, backing into a parked car, driving through your garage door and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.