Chevy Malibu insurance image courtesy of QuoteInspector.com
Do you want to learn how to find lower-priced Chevy Malibu insurance in Irvine? Are you irritated from trying to scrape together enough money to make your auto insurance payment? You are in the same boat as most other drivers in California.
It's an obvious statement that insurance companies don't want you to compare rates. Insureds who get price comparisons are highly likely to switch companies because they stand a good chance of finding a lower-priced company. A study discovered that people who routinely compared rates saved over $860 a year compared to other drivers who never shopped around for better prices.
If finding the best rates on Chevy Malibu insurance in Irvine is your ultimate objective, then understanding how to compare coverages can save money and time. Drivers have multiple car insurance companies to purchase coverage from, and even though it's nice to be able to choose, so many choices can make it hard to compare company pricing for Chevy Malibu insurance in Irvine.
Finding a lower price on Chevy Malibu insurance is pretty simple and can save money. You just need to take a few minutes comparing price quotes from some recommended companies.
Comparing quotes online is fast and free, and it makes it obsolete to actually drive to insurance agents' offices. The internet has made agencies unnecessary unless you have a need for the professional assistance that you can only get from talking to an agent. Some companies do allow you to find lower rates online and have a local agent actually service the policy.
The companies shown below provide quotes in Irvine, CA. To locate the best cheap auto insurance in Irvine, we recommend you visit as many as you can to get the best price comparison.
Do you qualify for discounts?
Car insurance companies do not list all available discounts in a way that's easy to find, so the below list has both the well known as well as some of the hidden savings tricks you should be using when you buy Irvine auto insurance online. If you're not getting every credit available, you could be getting lower rates.
- Low Mileage Discounts - Maintaining low annual mileage could earn discounted premium rates on garaged vehicles.
- Multi-line Discount - If the company offers life insurance, you could get a lower rate if you buy life insurance.
- Save with a New Car - Buying a new car model can save you some money compared to insuring an older model.
- Safety Restraint Discount - Forcing all vehicle occupants to use their safety belts could save 15% off PIP or medical payments premium.
- Good Driver Discounts - Accident-free drivers may save up to 50% more than drivers with accident claims.
- Senior Discount - Drivers over the age of 55 are able to get a slight reduction on a Irvine auto insurance quote.
- No Claims - Drivers who don't have accidents can earn big discounts as compared to bad drivers.
- Passive Restraints and Air Bags - Options like air bags may earn rate discounts of 20 to 30 percent.
- Membership in Organizations - Belonging to qualifying clubs or civic groups may earn a discount on your next insurance statement.
Keep in mind that most of the big mark downs will not be given to the entire policy premium. Most only cut the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, you aren't that lucky.
The diagram below illustrates the difference between Chevy Malibu premium costs with and without discounts. The data assumes a male driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, marriage, safe-driver, and claim-free discounts applied.
For a list of providers that provide some of the discounts listed above in Irvine, click here to view.
Rates and detailed analysis
The premium table displayed below covers estimates of insurance premium costs for Chevy Malibu models. Having knowledge of how insurance prices are formulated can help customers make informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rates do not factor in specific zip code location which can raise or lower auto insurance rates substantially.
The example below illustrates how choosing a deductible and can impact Chevy Malibu yearly insurance costs for different age categories. The rates are based on a single female driver, comp and collision included, and no discounts are factored in.
Insurance rates are higher with tickets and accidents
The information below illustrates how violations and accidents can raise Chevy Malibu insurance costs for different insured age categories. The data assumes a single male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
Cost comparison with and without full coverage
The illustration below compares Chevy Malibu auto insurance costs with and without physical damage coverage. The price estimates are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no discounts are factored in.
Should you pay for full coverage?
There is no set guideline to delete physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let's assume your Chevy Malibu book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after paying the physical damage deductible. If it's costing you more than $500 annually to have full coverage, then you might want to consider buying only liability coverage.
There are a few cases where only buying liability is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
You Can Change Your Insurance Costs
Many different elements are used in the calculation when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but other criteria are less obvious such as whether you are married or your vehicle rating. Consumers need to have an understanding of a few of the rating criteria that are used to determine your premiums. When you know what positively or negatively impacts premium levels, this enables you to make decisions that can help you get big savings.
Your spouse saves you money - Having a spouse can actually save you money compared to being single. It usually means you are more financially stable and statistics prove married drivers tend to file fewer claims.
Lower premiums with no policy lapses - Driving with no insurance can get you a ticket and car insurance companies will penalize you for letting your coverage have a gap. In addition to paying higher rates, the inability to provide proof of insurance might get you a fine, jail time, or a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with the California department of motor vehicles.
Save annual miles and save money - The more you drive in a year the more you will pay for car insurance. The majority of insurers charge rates based on how the vehicle is used. Vehicles that sit idle most of the time can be on a lower rate level than cars that get driven a lot. Make sure your car insurance policy reflects the right rating data, because improper ratings can cost you money. An incorrectly rated Malibu may be costing you.
Older drivers save more - Teenage drivers in California are proven to get distracted easily when driving therefore car insurance rates are much higher. Parents adding a teen driver to your policy can really hurt. Mature drivers are more cautious drivers, tend to cause fewer accidents, and usually have better credit.
The next chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Safer occupants lowers premiums - Vehicles with high crash test scores are cheaper to insure. Safer cars have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims and thus lower rates.
Chevy Malibu insurance loss data - Insurers factor in historical loss data to help determine the price you pay. Vehicles that the data shows to have higher claim frequency or loss amount will cost more to insure.
The information below illustrates the historical loss data for Chevy Malibu vehicles. For each policy coverage type, the loss probability for all vehicles compiled together is equal to 100. Values that are 100 or less indicate better than average losses, while percentage numbers above 100 indicate more frequent claims or tendency to have higher losses.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics from IIHS.org for 2013-2015 Model Years
Independent versus exclusive auto insurance agents
A small number of people prefer to get professional advice from a licensed agent and doing so can bring peace of mind Insurance agents will help you protect your assets and help you file claims. A nice benefit of getting online price quotes is you can get the best rates and also buy local. Supporting local agents is still important in Irvine.
Upon completion of this simple form, the quote information is emailed to insurance agents in Irvine who will gladly provide quotes for your insurance coverage. It makes it easy because there is no need to contact any agents because quoted prices will be sent directly to you. If you need to compare prices from a specific company, you can always visit that company's website and fill out the quote form the provide.
If you're trying to find a reliable insurance agent, you need to know there are two different agency structures and how they differ in how they can insure your vehicles. Insurance policy providers can be described as either exclusive or independent (non-exclusive). Both types can handle insurance, but it's good to learn how they differ since it can affect which type of agent you select.
Independent Agents (or Brokers)
These agents do not have single company limitations so they can write business with an assortment of companies and find you cheaper rates. To move your coverage to a new company, they simply move your policy to a different company which requires no work on your part. If you are trying to find cheaper rates, we recommend you include rate quotes from independent agents for the best price selection.
Shown below is a list of independent agents in Irvine that may be able to give you comparison quotes.
Morning Star Agency Insurance Services Incorporated
1340 Reynolds Ave #103 - Irvine, CA 92614 - (949) 833-2030 - View Map
These agents can only quote rates from one company and some examples include Allstate, State Farm and Farm Bureau. Exclusive agencies are unable to provide rate quotes from other companies so they are skilled at selling on more than just price. Exclusive agencies are usually well trained on their company's products which helps them sell on service rather than price.
The following are exclusive insurance agents in Irvine that are able to give price quotes.
Mike Stitt - State Farm Insurance Agent
17452 Irvine Blvd #208 - Tustin, CA 92780 - (714) 544-4717 - View Map
Finding a good auto insurance agent requires you to look at more than just a low price. The questions below may impact your decision as well.
- If they are an independent agency in Irvine, which companies do they recommend?
- Do they offer accident forgiveness?
- Is coverage determined by price?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- What are the financial ratings for the companies they represent?
- Do you need full coverage on every vehicle?
- Are there any extra charges for paying monthly?
Upon receiving good feedback to all your questions as well as offering an affordable quote, chances are good that you have found an insurance agent that meets your needs to properly insure your vehicles. But keep in mind you can terminate your policy for any reason so don't feel you are locked into any specific agency for any length of time.
Everyone needs different car insurance coverages
Always remember that when buying coverage online or from an agent for your vehicles, there is no cookie cutter policy. Every insured's situation is different and your car insurance should be unique as well. For example, these questions can aid in determining whether or not you could use an agent's help.
- I don't drive much so do I pay less?
- What is covered by UM/UIM coverage?
- Do I have any recourse if my insurance company denies a claim?
- What are good deductibles for a Chevy Malibu?
- Will my Chevy Malibu be repaired with OEM or aftermarket parts?
- When should my teen driver be added to my policy?
If you don't know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don't have a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Persistence will pay off
When shopping online for insurance, it's not a good idea to skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced full coverage only to discover later that it was a big error on their part. The aim is to buy a smart amount of coverage at the best possible price, but don't skip important coverages to save money.
Lower-priced insurance in Irvine can be purchased on the web and with local Irvine insurance agents, so you need to quote Irvine auto insurance with both to have the best chance of lowering rates. Some insurance providers may not provide rates over the internet and these small, regional companies only sell through independent insurance agents.
How to buy low-cost Chevy Malibu insurance in Irvine
The most effective way to get low-cost auto insurance rates is to compare prices regularly from insurers who provide auto insurance in Irvine.
- First, take a little time to learn about how car insurance works and the modifications you can make to drop your rates. Many factors that cause high rates such as getting speeding tickets and a not-so-good credit rating can be controlled by making small lifestyle or driving habit changes.
- Second, quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like Progressive or State Farm, while independent agencies can quote prices from multiple insurance companies.
- Third, compare the new rates to your current policy premium to see if you can save by switching companies. If you find better rates, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, notify your agent or company of your decision to cancel the current policy and submit a completed policy application and payment for your new policy. Make sure you safely store the certificate verifying coverage above your visor, in the console, or in the glove compartment.
An important note is to make sure you enter similar deductibles and liability limits on each price quote and and to get rate quotes from all possible companies. Doing this provides an accurate price comparison and many rates to choose from.
Even more information can be read in these articles:
- Medical Payments Coverage (Liberty Mutual)
- Who Has the Cheapest Irvine Car Insurance for Young Drivers? (FAQ)
- Who Has Affordable Auto Insurance for a Ford F-150 in Irvine? (FAQ)
- What Insurance is Cheapest with Multiple Speeding Tickets in Irvine? (FAQ)
- Who Has Affordable Auto Insurance Rates for Government Employees in Irvine? (FAQ)
- How Much are Car Insurance Quotes for Active Military in Irvine? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- Auto Crash Statistics (Insurance Information Institute)
- Safety Belts FAQ (iihs.org)