Compare Chevy Malibu Insurance Rates in Tucson

Insurance quote for Chevy Malibu in TucsonA recent survey discovered that a large majority of drivers renewed their policy with the same company for at least the last four years, and roughly 40% of drivers have never shopped around. With the average car insurance premium being $1,580, Tucson drivers can save 50% each year by just comparing quotes, but they just don’t understand the amount of savings they would get if they swap their current policy for a cheaper one.

If you want to save the most money, the best way to find better pricing on Chevy Malibu insurance is to compare prices once a year from insurers who provide car insurance in Tucson. You can compare rates by following these steps.

Step 1: Try to comprehend coverages and the modifications you can make to prevent rate increases. Many rating criteria that increase rates like traffic citations and bad credit can be amended by paying attention to minor details. This article provides information to prevent rate hikes and get bigger discounts.

Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO and State Farm, while agents who are independent can give you price quotes for a wide range of insurance providers. Compare rates now

Step 3: Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote and buy the policy, ensure there is no coverage lapse between policies.

Step 4: Tell your current company to cancel your current coverage. Submit payment along with a signed and completed policy application for your new coverage. As soon as you have the new policy, put the proof of insurance certificate above your visor, in the console, or in the glove compartment.

The critical component of shopping around is to try to compare similar coverage information on every price quote and and to get price estimates from as many car insurance companies as possible. Doing this guarantees a fair price comparison and a thorough price selection.

Buying affordable insurance in Tucson is actually not that difficult if you follow our advice. In a nutshell, everyone who requires lower cost insurance will be able to lower their premiums. But Arizona drivers must know how big insurance companies market on the web because it varies considerably.

Chevy Malibu insurance statistics and information

The rate table displayed below showcases different insurance policy prices for Chevy Malibu models. Having a better idea how car insurance premiums are determined can assist in making informed decisions when shopping around for a new policy.

Chevrolet Malibu Insurance Rates in Tucson, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $286 $574 $404 $24 $122 $1,410 $118
Malibu Hybrid $286 $574 $404 $24 $122 $1,410 $118
Malibu LT $324 $574 $404 $24 $122 $1,448 $121
Malibu LTZ $324 $676 $404 $24 $122 $1,550 $129
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in specific zip code location which can decrease or increase price quotes substantially.

Physical damage deductibles

When comparing auto insurance rates, the most common question is at what level do you set your deductibles. The following tables lay out how much more you’ll pay between high and low physical damage coverage deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Chevrolet Malibu insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $258 $466 $300 $18 $90 $1,157 $96
Malibu Hybrid $258 $466 $300 $18 $90 $1,157 $96
Malibu LT $292 $466 $300 $18 $90 $1,191 $99
Malibu LTZ $292 $548 $300 $18 $90 $1,273 $106
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Chevrolet Malibu insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $144 $246 $300 $18 $90 $798 $67
Malibu Hybrid $144 $246 $300 $18 $90 $798 $67
Malibu LT $162 $246 $300 $18 $90 $816 $68
Malibu LTZ $162 $290 $300 $18 $90 $860 $72
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in vehicle location which can affect premium rates greatly.

We can derive from the above data that using a $100 deductible will cost you roughly $30 more each month or $360 a year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average more than 30 months between claims, you would come out ahead if you choose the higher deductible.

Impact of violations and accidents on rates

The chart below demonstrates how speeding tickets and at-fault claims can drive up Chevy Malibu insurance costs for different ages of insureds. The rates are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.

Chevrolet Malibu liability rates compared to full coverage

The illustration below compares Chevy Malibu insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The price estimates are based on no accidents, no driving violations, $500 deductibles, single status, and no other discounts are factored in.

When to buy liability coverage only

There is no definitive formula for eliminating full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s say your Chevy Malibu claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after paying the physical damage deductible. If it’s costing you more than $200 a year to have full coverage, then you may want to consider only buying liability coverage.

There are some circumstances where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage.

Components of Your Chevy Malibu Insurance Costs

An important part of buying insurance is that you know the factors that play a part in calculating your premiums. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that can earn you big savings. Many different elements are used when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, but other factors are less obvious such as whether you are married and annual miles driven.

The factors shown below are a few of the “ingredients” used by your company to calculate your premiums.

Your address can push rates up or down – Living in smaller towns and rural areas of the country can be a good thing when it comes to auto insurance. Drivers in populated areas tend to have more traffic problems and higher rates of accident claims. Fewer drivers on the road translates into fewer accidents in addition to fewer liability claims.

What type of car do you drive? – The make and model of the car or truck you need insurance for makes a big difference in your car insurance bill. Smaller low performance passenger cars usually have the lowest premiums, but there are many factors that impact the final cost.

The data below uses these assumptions: single male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It compares Chevrolet Malibu policy rates compared to other vehicles that have different performance rating factors.

The more you drive the more you pay – The higher the mileage driven every year the higher the price you pay to insure it. Most companies price each vehicle’s coverage based upon how you use the vehicle. Autos that are left in the garage get more affordable rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Malibu is just wasting money. Ask your agent if your auto insurance coverage shows the proper vehicle usage, because improper ratings can cost you money.

Males pay higher prices – Statistics show women are more cautious behind the wheel. However, don’t assume that females are better at driving than males. Males and females cause at-fault accidents in similar numbers, but the male of the species tend to have higher claims. Not only are claims higher, but men get more serious tickets such as reckless driving.

The diagram below illustrates the comparison of Chevy Malibu auto insurance rates for male and female drivers. The data assumes a clean driving record, no claims, comp and collision included, $100 deductibles, drivers are not married, and no discounts are factored in.

Combine policies and save – Some auto insurance companies allow lower prices for people who carry more than one policy. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even if you’re getting this discount it’s in your best interest to comparison shop to confirm you are receiving the best rates possible. You may still save even more than the discount by buying auto insurance from a different company.

Discounts for married couples – Getting married actually saves money on your policy. Having a significant other demonstrates that you tend to be more mature and responsible and it’s proven that married drivers tend to file fewer claims.

Older drivers pay less – Older, more experienced drivers have been proven to be more responsible, cause fewer claims and accidents, and usually have better credit. Young drivers are statistically proven to be less responsible when behind the wheel so auto insurance rates are higher.

The next chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

How much liability coverage do you need? – Your policy’s liability coverage will protect you in the event that you are responsible for damages caused by your negligence. It provides you with a defense in court up to the limits shown on your policy. Liability is cheap compared to other policy coverages, so buy as much as you can afford.

Chevy Malibu claim data – Car insurance companies use data from past claims to help calculate a profitable premium rate. Vehicles that the statistics show to have a trend towards higher claim severity or frequency will have a higher premium rate. The table shown below demonstrates the historical loss data for Chevy Malibu vehicles.

For each coverage type, the claim probability for all vehicles compiled together equals 100. Values that are under 100 indicate better than average losses, while percentage values above 100 point to more claims or an increased chance of a larger loss.

Chevrolet Malibu Insurance Loss Statistics
Specific Chevrolet Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120

Statistics from for 2013-2015 Model Years

Tucson car insurance companies ranked

Picking a good quality auto insurance provider can be challenging considering how many companies sell coverage in Tucson. The company information listed below can help you analyze which coverage providers you want to consider purchasing coverage from.

Top 10 Tucson Car Insurance Companies Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA Insurance – 91%
  4. State Farm – 90%
  5. Nationwide – 90%
  6. The Hartford – 89%
  7. GEICO – 89%
  8. The General – 88%
  9. 21st Century – 88%
  10. Liberty Mutual – 88%

What is YOUR best insurance company?

We covered a lot of ways to save on Chevy Malibu insurance in Tucson. The most important thing to understand is the more companies you get rates for, the more likely it is that you will get a better rate. Consumers could even find that the lowest prices come from an unexpected company.

The cheapest Chevy Malibu insurance in Tucson can be bought online and also from your neighborhood Tucson agents, and you need to comparison shop both in order to have the best price selection to choose from. Some companies may not offer price quotes online and most of the time these smaller providers only sell through independent agencies.

Insureds change insurance companies for a number of reasons such as an unsatisfactory settlement offer, not issuing a premium refund, policy non-renewal or poor customer service. Regardless of your reason for switching companies, switching companies can be less work than you think.

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