Find Cheaper Chevy Malibu Insurance in Lubbock

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If you want to save the most money, the best way to find cheaper prices for Chevy Malibu insurance in Lubbock is to regularly compare price quotes from companies who provide car insurance in Texas.

  1. Read about how insurance companies determine prices and the factors you can control to prevent expensive coverage. Many rating factors that cause high rates such as traffic violations, accidents, and a low credit score can be improved by making minor changes in your lifestyle.
  2. Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or State Farm, while independent agents can provide prices from multiple sources. View prices
  3. Compare the new rate quotes to your existing policy and see if you can save money. If you find a better price and change companies, make sure there is no lapse in coverage.

One thing to point out is to compare the same physical damage deductibles and liability limits on each price quote and and to analyze as many carriers as you can. Doing this provides a fair rate comparison and a complete rate analysis.

Insurance rates Chevy Malibu in LubbockShocking but true, over 70% of consumers renewed their policy with the same company for at least four years, and nearly 40% of drivers have never even shopped around for cheaper coverage. Many drivers in the U.S. could cut their rates by up to $859 a year just by getting comparison quotes, but they won't spend time to compare rates.

If you're already insured, you should be able to find the best rates using the concepts you're about to learn. Choosing the best rates in Lubbock can be easy if you know a few tricks. Nevertheless, Texas consumers must understand the methods companies use to market insurance on the web because it varies considerably.

How to buy Lubbock Chevy Malibu insurance online

Most companies allow consumers to get pricing directly from their websites. This process can be done by anyone as you simply type in the coverage amounts you desire as detailed in the form. When complete, their system automatically orders your driving and credit reports and quotes a price based on these and other factors. Quoting online for Chevy Malibu insurance in Lubbock makes it simple to compare prices and it's very important to get many rate quotes if you want to find cheap auto insurance pricing.

To compare pricing, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend that you enter coverages and limits identical to your current policy. Doing this guarantees you are getting a price comparison based on similar coverages.

The companies shown below offer quotes in Lubbock, TX. If you wish to find cheap car insurance in Lubbock, we suggest you compare several of them to get the best price comparison.

Take policy discounts and save on Chevy Malibu insurance in Lubbock

Car insurance companies do not list every discount in an easy-to-find place, so we took the time to find a few of the more common as well as some of the hidden savings tricks you should be using when you buy Lubbock car insurance online.Auto insurance discounts

  • Claim-Free Discount - Drivers who don't have accidents pay less compared to policyholders that have many claims.
  • Discounts for Responsible Drivers - Drivers who avoid accidents can get discounts for up to 45% lower rates than drivers with accidents.
  • Payment Method - If you pay your entire premium ahead of time instead of paying each month you may have a lower total premium amount.
  • Multiple Policy Discount - If you insure your home and vehicles and insure them both with the same insurance company you will save as much as 10 to 15 percent.
  • Multiple Vehicles - Purchasing coverage when you have more than one vehicle with one company can reduce rates for all insured vehicles.
  • Lubbock Homeowners Discount - Simply owning a home can get you a discount because maintaining a house shows financial diligence.
  • Club Memberships - Being in qualifying clubs or civic groups is a simple method to lower premiums on your policy.
  • Paperless Signup - Certain insurance companies may give you up to $50 for buying your policy over the internet.
  • Onboard Data Collection - People who choose to allow their auto insurance company to analyze when and where they use their vehicle by using a small device installed in their vehicle like Allstate's Drivewise might get better premium rates as long as the data is positive.
  • Low Mileage - Low annual miles may enable drivers to earn better rates on cars that stay parked.

Just know that many deductions do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. Even though the math looks like all those discounts means the company will pay you, that's just not realistic. Any qualifying discounts will cut your overall bill.

The diagram below shows the difference between Chevy Malibu car insurance costs with and without policy discounts. The premiums assume a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, multi-policy, marriage, and safe-driver discounts applied.

The best auto insurance companies and a selection of discounts include:

  • AAA offers discounts including multi-policy, AAA membership discount, good driver, good student, and education and occupation.
  • Progressive may have discounts that include multi-policy, homeowner, online quote discount, online signing, continuous coverage, and multi-vehicle.
  • State Farm may offer discounts for anti-theft, multiple policy, Drive Safe & Save, safe vehicle, good student, and accident-free.
  • Esurance includes discounts for Switch & Save, online shopper, anti-theft, renters, anti-lock brakes, and claim free.
  • Nationwide policyholders can earn discounts including easy pay, anti-theft, good student, Farm Bureau membership, accident-free, business or organization, and defensive driving.

When quoting, ask every prospective company which discounts can lower your rates. Depending on the company, some discounts might not apply everywhere. To choose insurers that have a full spectrum of discounts in Lubbock, follow this link.

Chevy Malibu insurance rates and statistics

The table shown below showcases different insurance prices for Chevy Malibu models. Having a good grasp of how insurance policy premiums are established can benefit drivers when making decisions when shopping around.

Chevrolet Malibu Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $208 $312 $500 $30 $150 $1,200 $100
Malibu Hybrid $208 $312 $500 $30 $150 $1,200 $100
Malibu LT $234 $312 $500 $30 $150 $1,226 $102
Malibu LTZ $234 $368 $500 $30 $150 $1,282 $107
Get Your Own Custom Quote Go

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in your specific Lubbock location which can decrease or increase prices significantly.

An analysis of deductible level

A question often asked by Lubbock drivers is where should you set your physical damage deductibles. The comparisons below may help to illustrate the rate differences when you select higher and lower deductibles. The first rate table uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Chevrolet Malibu insurance prices 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
Get Your Own Custom Quote Go
Chevrolet Malibu insurance prices 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
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Table data does not factor in Lubbock location which can lower or raise rates considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $29 more each month or $348 every year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 26 months between claims, you would more than likely save some money if you elect the higher deductible. Below is the way you can do this calculation yourself.

Average monthly premium for $250 deductibles: $115
Average monthly premium for $1,000 deductibles (subtract): - $86
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

The information below illustrates how choosing a deductible and can impact Chevy Malibu premium costs for different age groups of insureds. The prices are based on a single male driver, full coverage, and no additional discounts are factored in.

Cost comparison with and without full coverage

The example below shows the difference between Chevy Malibu insurance costs with full coverage compared to only the Texas minimum liability coverage. The prices are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are factored in.

Should you pay for full coverage or liability only?

There is no clear-cut rule to stop paying for full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let's assume your Chevy Malibu settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after the deductible is paid. If premiums are more than $400 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some cases where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Chevy Malibu Insurance Premiums Can Be Lower

Many things are used when quoting car insurance. Some are obvious like a motor vehicle report, but some are less obvious like your continuous coverage or your commute time. One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that go into determining the price you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that could result in much lower annual insurance costs.

Listed below are some of the things companies use to determine prices.

Only buy extra coverages you need - There are many extra coverages that you can buy on your Malibu policy. Insurance for coverage for rental cars, towing, and extra equipment coverage may be wasting your money. They may seem like a good idea initially, but now you might not need them so think about removing them and cutting costs.

Safeguard your assets with liability coverage - Liability coverage will protect you if ever you are responsible for an accident. Liability insurance provides legal defense which can cost a lot. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Rates increase with driving citations - Having a clean driving record can have a huge impact on auto insurance premiums. Having a single moving violation can bump up the cost to the point where it's not affordable. Drivers with clean records pay lower auto insurance prices than bad drivers. Drivers with severe citations such as reckless driving, hit and run or driving under the influence might be required by their state to submit a SR-22 or proof of financial responsibility with their state's department of motor vehicles in order to continue driving.

The illustration below demonstrates how traffic citations and accident claims increase Chevy Malibu auto insurance costs for each different age category. The rate quotes are based on a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

Your gender affects premiums - The statistics show women are more cautious behind the wheel. This data doesn't prove that females are better at driving than males. Both sexes cause auto accidents at about the same rate, but guys have costlier accidents. Men also statistically receive more major tickets such as reckless driving.

The diagram below visualizes the comparison of Chevy Malibu auto insurance rates for male and female drivers. The rates are based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

Deter theft and pay less - Buying a car that has a built-in theft deterrent system can help lower your premiums. Anti-theft devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft.

Chevy Malibu claim data - Insurance companies analyze historical claim data to help determine the price you pay. Vehicles that tend to have a higher amount or frequency of claims will have a higher premium rate. The table below outlines the actual insurance loss data for Chevy Malibu vehicles.

For each policy coverage type, the claim probability for all vehicles, without regard to make or model, is a value of 100. Values that are below 100 imply a favorable loss record, while numbers shown that are more than 100 indicate higher probability of having a loss 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
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

What if I want to buy from local Lubbock car insurance agents?

A small number of people would rather go talk to an agent and that is recommended in a lot of cases One of the great benefits of price shopping on the web is you may find lower rates and still have a local agent.

Insurance agents in LubbockAfter filling out this form (opens in new window), your coverage information is emailed to local insurance agents in Lubbock who will give competitive quotes for your insurance coverage. You don't have to even leave your home since price quotes are sent to you directly. It's the lowest rates and a licensed agent to work with. If you want to get a comparison quote from a specific company, don't hesitate to navigate to their website and give them your coverage information.

Finding the right insurance company should include more criteria than just the quoted price. These are some questions you should get answers to.

  • Do they make recommendations based only on price?
  • Do they offer accident forgiveness?
  • Will they take your side in the event of a claim?
  • Can you use your own choice of collision repair facility?
  • How much experience to they have in personal lines coverages?
  • How much will you save each year by using a higher deductible?
  • Where would your vehicle be repaired?
  • What are the financial ratings for the companies they represent?

When finding a good Lubbock insurance agent, it's helpful to know the types of insurance agents and how they are distinctly different. Agents are categorized either exclusive or independent agents depending on their company appointments.

Exclusive Agencies

These type of agents can only quote rates from one company and examples are Farmers Insurance and State Farm. These agents are not able to provide prices from multiple companies so they really need to provide good service. Exclusive insurance agents are highly trained on their products and sales techniques which helps them sell insurance even at higher premiums.

Shown below is a short list of exclusive insurance agencies in Lubbock that are able to give price quote information.


5910 130th St #101 - Lubbock, TX 79424 - (806) 701-5234 - View Map


7302 82nd St Ste 11 - Lubbock, TX 79424 - (806) 866-2702 - View Map


1102 Slide Rd, 33 - Lubbock, TX 79416 - (806) 793-3101 - View Map

View more agents

Independent Insurance Agencies

These type of agents are not limited to a single company and that gives them the ability to insure with multiple insurance companies and help determine which has the cheapest rates. If they quote lower rates, they simply move the coverage in-house which makes it simple for you. When comparing insurance prices, you absolutely need to get insurance quotes from several independent insurance agents for the best price selection.

Shown below is a list of independent agencies in Lubbock willing to provide price quote information.


4432 S Loop 289 - Lubbock, TX 79414 - (806) 798-7800 - View Map


3302 34th St - Lubbock, TX 79410 - (806) 795-4301 - View Map


5143 69th St - Lubbock, TX 79424 - (806) 794-8686 - View Map

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How do I know if I need professional advice?

Always remember that when buying your policy for your vehicles, there isn't really a perfect coverage plan. Everyone's needs are different and your insurance should unique, too.Higher deductibles save money For instance, these questions may help you determine whether or not you might need professional guidance.

  • What does medical payments cover?
  • Is pet coverage available?
  • Can I rent a car in Mexico?
  • Will filing a claim cost me more?
  • Is my camper covered for physical damage?
  • Does my policy cover my teen driver if they drive my company car?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Is a blown tire covered by insurance?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What is glass protection for?

If you're not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don't have a local agent, take a second and complete this form or go to this page to view a list of companies.

The best insurance company isn't always the cheapest

Cheaper Chevy Malibu insurance in Lubbock can be purchased from both online companies and from local insurance agents, so you should compare both to have the best chance of lowering rates. Some companies may not provide online quoting and many times these smaller providers provide coverage only through independent agents.

In this article, we presented a lot of tips how to save on Chevy Malibu insurance in Lubbock. The key concept to understand is the more times you quote, the better your comparison will be. You may even be surprised to find that the best price on car insurance is with some of the smallest insurance companies. These smaller insurers may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.

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