Finding cheaper insurance for a Chevrolet Malibu is fairly easy, but it relies on a whole bunch of rating criteria such as the safety rating of your vehicle, your occupation, and blemishes on your driving record. Drivers in North Carolina pay approximately $539 each year to insure their Malibu, but that price is a valuation based on a 50-year-old married female driver with full coverage and $500 deductibles.
When projecting a rate like this, the problem is that you’re not a 50-year-old female, single instead of married, or you just prefer to insure for liability only. Just a minor difference in the rating criteria used to formulate rates can make a big difference in the cost of insurance for a Chevrolet Malibu.
This shows why the only way to find cheap auto insurance rates for your Chevrolet is to do your own rate comparisons. Quotes are free and easy and you will be able to see rates from some of the cheapest companies around.
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Your vehicle’s trim level will likely have an effect on the coverage cost, so the price you will be charged to insure a Malibu LS model will cost $54 less than the cost to insure the higher-priced Malibu LTZ trim level, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Malibu LS | $120 | $218 | $234 | $14 | $70 | $656 | $55 |
| Malibu Hybrid | $120 | $218 | $234 | $14 | $70 | $656 | $55 |
| Malibu LT | $136 | $218 | $234 | $14 | $70 | $672 | $56 |
| Malibu LTZ | $136 | $256 | $234 | $14 | $70 | $710 | $59 |
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Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Prices do not factor in zip code location which can raise or lower insurance rates greatly.
Picking the right insurance company can be challenging considering how many different companies sell coverage in Raleigh. The company information listed below may help you choose which auto insurers to look at comparing price quotes from.
The rankings below are only comprised of large nationwide companies, so companies with more of a regional focus are not included in the list. To get price quotes and find the cheapest rates for a Chevrolet Malibu, click this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
Safe drivers pay less for auto insurance
The ideal way to snag cheap auto insurance prices in North Carolina for a Malibu is to drive carefully and avoid tickets and accidents. The chart below shows how speeding tickets and at-fault fender-benders can increase auto insurance rates for each age group. The rates are based on a married female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of car insurance in Raleigh per year with no violations or accidents is $1,228. Add in one speeding ticket and the average cost surges to $1,428, an increase of $200 each year. Next add two accidents along with the one speeding ticket and the yearly cost of auto insurance for a Chevrolet Malibu jumps again to an average of $3,129. That’s an increase of $1,901, or $158 per month, just for not driving responsibly!
The benefit of shopping around
North Carolina auto insurance rates are determined by lots of factors which can substantially change the price of your policy. Simply improving your credit, buying a new vehicle, or getting a ticket for running a stop sign may generate price changes that can cause some rates to be affordable when they were higher priced. And not only may your rating factors change, but insurers change their prices as often as every three months in order to be able to pay unexpected claims. Higher than normal claim frequency or severity can cause a rate increase, while a lower level of claims may result in cheaper Malibu insurance rates.
To help illustrate this point, the data below shows the cheapest car insurance in Raleigh, NC for a 40-year-old female driver with a clean driving record, no accidents, and good credit. If we look at prices based on her current risk profile, Utica National might offer the best car insurance rates in Raleigh at $720 per year. This is $152 less than the average premium paid by North Carolina drivers of $872. Progressive, Liberty Mutual, NC Farm Bureau, and GEICO also make the list of the best Raleigh, NC auto insurance companies.
The example below compares rates after we give the driver from the above example a claim or two, a lower credit rating, and a speeding ticket. Since each company uses their own formula for setting prices, getting updated rate quotes most likely will result in a different ranking of the cheapest car insurance companies in Raleigh as shown below.
Titan now has the best price on car insurance in Raleigh, NC with State Farm, Auto-Owners, Travelers, and National General now being in the top five. This illustrates why consumers need to take the time to perform a complete rate comparison to find the lowest car insurance quotes for a Chevrolet Malibu.
Auto insurance prices consist of many different factors and can change substantially, so the cheapest option six months ago may now be costing you a lot of money.
How to find budget-friendly auto insurance for a Chevrolet Malibu
Below you’ll find some of the recommended money-saving solutions that can help Raleigh drivers locate lower-cost car insurance.
- Lower rates by purchasing a safer vehicle
- Bundle home or renters insurance to earn a discount on car insurance
- Be a cautious driver
- Avoid preventable accidents
- Claim-free policyholders usually earn a discount
- Compare rates often to find the best deal
The last tip in the list is especially critical, as we noted in this write-up. Prices charged by companies can be adjusted at any time, so don’t be unwilling to switch carriers if you can save money.
Having a favorite company is fine, but it’s not a good idea if that inflexibility results in costing you hundreds every year. It only take a few minutes to shop around to find cheaper insurance for a Chevrolet Malibu in Raleigh.