Car Insurance Rates for a Chevy Malibu in Corpus Christi

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Chevy Malibu insurance policy
Chevy Malibu insurance policy image courtesy of QuoteInspector.com

We don't have to point out that fact that auto insurance companies want to prevent you from shopping around. Insureds who shop rates annually are highly likely to buy a new policy because there are good odds of finding coverage at a more affordable price. A study showed that people who regularly compared rates saved about $72 a month compared to policyholders who never compared rates.

If finding the best price on Chevy Malibu insurance in Corpus Christi is your objective, understanding how to find and compare insurance premiums can help you succeed in finding affordable rates.

Insurance rates Chevy Malibu in Corpus ChristiTo save the most money, the best way to find affordable car insurance rates is to start comparing prices yearly from providers who provide auto insurance in Corpus Christi. Price quotes can be compared by following these guidelines.

First, try to learn about how auto insurance works and the steps you can take to prevent expensive coverage. Many factors that result in higher rates such as high-risk driving behaviors and your credit history can be eliminated by improving your driving habits or financial responsibility.

Second, quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO or State Farm, while independent agents can provide rate quotes for many different companies.

Third, compare the new rate quotes to your current policy and see if you can save money. If you can save some money and change companies, make sure coverage is continuous and does not lapse.

One thing to remember is that you use the same physical damage deductibles and liability limits on each price quote and and to get prices from every company you can. This enables an accurate price comparison and many rates to choose from.

If you have a current insurance policy, you will surely be able to cut your premiums using these tips. Quoting and comparing affordable protection in Corpus Christi is not as hard as you may think. But Texas consumers must comprehend the way insurance companies calculate their prices and apply this information to your search.

These discounts can slash Chevy Malibu insurance rates

Insurance can be prohibitively expensive, but companies offer discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you get a quote, but some must be inquired about before being credited.

  • Seat Belt Usage - Forcing all vehicle occupants to buckle up before driving can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
  • Early Payment Discounts - By making one initial payment instead of paying each month you could save up to 5%.
  • Life Insurance - Insurance carriers who offer life insurance give lower premium rates if you buy a life insurance policy as well.
  • Theft Deterrent System - Cars equipped with anti-theft or alarm systems have a lower chance of being stolen and earn discounts up to 10% off your Corpus Christi auto insurance quote.
  • Driver Training Discounts - Taking time to complete a course that instructs on driving safety can save you 5% or more and easily pay for the cost of the class.
  • Accident-Free Discounts - Insureds with no claims or accidents get the best auto insurance rates as compared to accident-prone drivers.
  • Low Mileage Discounts - Fewer annual miles on your Chevy may allow you to get lower premium rates due to less chance of an accident.

A quick disclaimer, most discount credits are not given to the entire cost. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, it doesn't quite work that way.

The information below shows the difference between Chevy Malibu yearly insurance costs with and without discounts applied to the policy premium. The premiums are based on a male driver, a clean driving record, no claims, Texas state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, claim-free, marriage, and safe-driver discounts applied.

A list of companies and some of the premium reductions they offer are outlined below.

  • Progressive may include discounts for good student, homeowner, online quote discount, multi-vehicle, online signing, and multi-policy.
  • AAA offers discounts including good student, multi-car, multi-policy, anti-theft, and AAA membership discount.
  • Farmers Insurance may offer discounts for mature driver, multi-car, bundle discounts, alternative fuel, business and professional, and good student.
  • GEICO policyholders can earn discounts including federal employee, driver training, defensive driver, emergency military deployment, military active duty, seat belt use, and anti-lock brakes.
  • Esurance may have discounts that include claim free, homeowner, good student, defensive driver, and Switch & Save.
  • SAFECO includes discounts for teen safety rewards, bundle discounts, anti-theft, teen safe driver, drive less, multi-car, and anti-lock brakes.
  • State Farm offers premium reductions for accident-free, Steer Clear safe driver discount, Drive Safe & Save, multiple policy, student away at school, defensive driving training, and good student.

It's a good idea to ask each company to apply every possible discount. Savings might not be offered in every state. To see insurers that offer the discounts shown above in Texas, follow this link.

All the larger car insurance companies such as GEICO, State Farm and Progressive give coverage prices online. Comparing Chevy Malibu insurance rates online is quite simple because you just enter the coverage amounts you desire as detailed in the form. Behind the scenes, their system obtains reports for credit and driving violations and quotes a price based on many factors.

Using the web to get price quotes for Chevy Malibu insurance in Corpus Christi makes comparing rates easy, and it is important to perform this step if you want to get cheaper prices.

If you want to find out what other companies charge, compare rate quotes from the providers shown below. If you have your current policy handy, we recommend you type in the insurance coverages exactly as shown on your declarations page. This ensures you will have a price comparison for similar coverage.

The providers in the list below can provide comparison quotes in Corpus Christi, TX. If multiple companies are listed, we suggest you get rate quotes from several of them in order to find the cheapest rates.

Coverage information

The rate information displayed next covers different coverage costs for Chevy Malibu models. Being able to understand how auto insurance policy rates are formulated can benefit drivers when making decisions on the best policy coverages.

Chevrolet Malibu Insurance Rates in Corpus Christi, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $156 $322 $430 $26 $128 $1,062 $89
Malibu Hybrid $156 $322 $430 $26 $128 $1,062 $89
Malibu LT $176 $322 $430 $26 $128 $1,082 $90
Malibu LTZ $176 $378 $430 $26 $128 $1,138 $95
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rates do not factor in vehicle location which can affect coverage rates greatly.

Choosing deductibles

One of the more difficult decisions when buying insurance is how low should you set your deductibles. The rates below highlight the differences in price of buying low and high deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Chevrolet Malibu insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $294 $496 $382 $22 $114 $1,333 $111
Malibu Hybrid $294 $496 $382 $22 $114 $1,333 $111
Malibu LT $332 $496 $382 $22 $114 $1,371 $114
Malibu LTZ $332 $584 $382 $22 $114 $1,459 $122
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Chevrolet Malibu insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $182 $312 $382 $22 $114 $1,012 $84
Malibu Hybrid $182 $312 $382 $22 $114 $1,012 $84
Malibu LT $206 $312 $382 $22 $114 $1,036 $86
Malibu LTZ $206 $368 $382 $22 $114 $1,092 $91
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in specific zip code location which can impact prices greatly.

Based on this data, using a $250 deductible costs about $29 more each month or $348 annually averaged for all Malibu models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 26 months between claim filings, you would most likely save money if you opt for a higher deductible.

The illustration below highlights how deductible choice and can influence Chevy Malibu insurance costs for each age group. The premiums assume a married female driver, comp and collision included, and no additional discounts are factored in.

Eight Things That Influence Your Insurance Prices

Smart consumers have a good feel for some of the things that are used to determine the level of your policy premiums. When consumers understand what determines base rates, this helps enable you to make changes that may result in better car insurance rates.

The itemized list below are a few of the things that factor into your rates.

How do annual miles impact costs? - The higher the miles on your Chevy every year the higher your rate. A lot of insurance companies apply a rate based upon how much you drive. Autos that are left in the garage can be on a lower rate level than those that get driven frequently. Make sure your car insurance policy reflects how each vehicle is driven, because improper ratings can cost you money. Having an incorrect usage rating on your Malibu is just wasting money.

Amount of liability protection - The liability section of your policy will protect you if you are found liable for damages from an accident. It will provide legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so insureds should have plenty of protection for their assets.

Battle of the sexes - The statistics show that women are safer drivers than men. This data doesn't prove that females are better drivers. Women and men cause fender benders at a similar rate, but the male of the species get into accidents with more damage. Men also tend to get higher numbers of serious violations like DUI and reckless driving. Teenage male drivers tend to get in the most accidents and therefore have the most expensive car insurance rates.

The information below compares Chevy Malibu auto insurance rates for male and female drivers. The rate quotes are based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are factored in.

Too many policy claims drive up rates - If you're an insured who likes to file claims you can expect either policy cancellation or increased premiums. Insurance companies in Texas provide the lowest premiums to policyholders who only file infrequent claims. Your insurance policy is intended to be relied upon for the large, substantial claims.

Your spouse saves you money - Having a significant other helps lower the price when shopping for car insurance. Marriage generally demonstrates drivers are more stable financially and statistics prove drivers who are married file infrequent claims.

Premiums are affected by your credit rating - Having a bad credit score can be a huge factor in your rate calculation. If your credit score is lower than you'd like, you could be paying less to insure your Chevrolet Malibu if you clean up your credit. Drivers with excellent credit scores tend to be better drivers and file fewer claims than drivers with poor credit.

Driving citations will cost you - Your driving record impacts premiums far more than you think. Getting just one speeding ticket or other violation may cause rates to rise forty percent or more. Drivers with clean records get better prices than people who have multiple driving citations. Drivers unfortunate enough to have multiple violations like DWI, reckless driving or hit and run convictions may find they need to file a SR-22 to the state department of motor vehicles in order to legally drive.

The chart below demonstrates how speeding tickets and at-fault fender-benders can raise Chevy Malibu car insurance rates for different categories of driver ages. The premium estimates are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.

Lower car insurance rates with continuous car insurance coverage - Driving with no insurance can get you a ticket and as a result your rates will increase for letting your insurance lapse for non-payment. Not only will rates go up, the inability to provide proof of insurance may result in a license revocation or jail time.

Chevy Malibu historical loss data - Car insurance companies use data from past claims to calculate a rate that will offset any claims. Vehicles that historically have a higher amount or frequency of claims will have a higher premium rate. The table below illustrates the actual insurance loss data for Chevy Malibu vehicles.

For each policy coverage, the statistical loss for all vehicles, as an average, is considered to be 100. Values under 100 suggest losses that are better than average, while percentage numbers above 100 indicate frequent claims or statistically larger claims.

Chevrolet Malibu Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Do I need an agent?

Certain consumers would prefer to sit down with an agent and that is a personal choice. One of the benefits of comparing rate quotes online is that drivers can save money and get lower rates and still have an agent to talk to.

Insurance agents in Corpus ChristiAfter completing this form (opens in new window), your insurance coverage information is sent to agents in your area that can give you free Corpus Christi auto insurance quotes to get your business. You won't need to find an agent on your own because prices are sent instantly to you. It's the lowest rates AND a local agent. If you have a need to get a price quote for a specific company, just find their quoting web page to submit a rate quote request.

Picking an insurance company requires more thought than just the quoted price. Here are some questions to ask:

  • Are there any extra charges for paying monthly?
  • Is the quote a firm price?
  • How is replacement cost determined on your vehicle?
  • Will the agent help in case of a claim?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?

Choose the right auto insurance agent

If you are wanting to purchase auto insurance from a local Corpus Christi insurance agency, there are a couple of types of insurance agents and how they can write your policy. Auto insurance agents can be categorized as either exclusive or independent agents depending on their company appointments.

Exclusive Agents

Agents that choose to be exclusive can only write with one company and examples are State Farm or Allstate. They usually cannot provide other company's prices so they are skilled at selling on more than just price. Exclusive insurance agents are usually well trained on their products and sales techniques which helps overcome the inability to quote other rates. Drivers often purchase coverage from exclusives mostly because of high brand loyalty and the convenience of having a single billing for all their coverages.

Shown below is a list of exclusive agencies in Corpus Christi who may provide you with price quotes.

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Independent Agents (or Brokers)

These type of agents do not work for one specific company and that enables them to quote your coverage through lots of different companies and find the cheapest rate. If you want to switch companies, the business is moved internally and you don't have to do anything. If you are comparing rate quotes, we highly recommend that you get insurance quotes from a couple of independent agencies for the best price selection. Many write coverage with lesser-known insurance companies which may provide better rates.

Shown below is a list of independent agencies in Corpus Christi that are able to give rate quotes.

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Choosing Chevy vehicle insurance is an important decision

Despite the potentially high cost of Chevy Malibu insurance, insurance may be mandatory for several reasons.

  • Most states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you bought your Chevy with a loan, most banks will require that you have insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Chevy at an extremely high rate and force you to pay the higher price.
  • Auto insurance protects not only your Chevy Malibu but also your assets. It will also provide coverage for medical expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your car more than cancel out the cost, especially for larger claims. In a recent study of 1,000 drivers, the average customer is wasting up to $700 annually so compare rates at every renewal to make sure the price is not too high.

A conclusion for your auto insurance search

People switch companies for any number of reasons including being labeled a high risk driver, not issuing a premium refund, policy cancellation and even high prices. Regardless of your reason for switching companies, finding a new auto insurance company is not as hard as you think.

Budget-conscious Chevy Malibu insurance can be found both online and from local agencies, and you should compare rates from both to have the best rate selection. Some insurance companies may not provide rate quotes online and many times these small insurance companies only sell through independent insurance agencies.

In this article, we presented a lot of ways to get a better price on Chevy Malibu insurance in Corpus Christi. It's most important to understand that the more providers you compare, the better your comparison will be. Consumers may even find the most savings is with some of the lesser-known companies.

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