2011 Chevrolet Malibu Insurance Rates
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UPDATED: Nov 23, 2017
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Average insurance rates for a 2011 Chevrolet Malibu are $1,138 a year for full coverage. Comprehensive costs approximately $206, collision costs $310, and liability insurance costs around $464. Buying a liability-only policy costs as low as $514 a year, with high-risk insurance costing around $2,456. Teen drivers receive the highest rates at $4,464 a year or more.
Annual premium for full coverage: $1,138
Rate estimates for 2011 Chevrolet Malibu Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2011 Chevrolet Malibu models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a 40-year-old driver, prices range go from as low as $514 for a discount liability-only rate to the much higher price of $2,456 for high-risk insurance.
These differences show why everyone should compare prices using their specific location and risk profile, rather than relying on price averages.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2011 Chevrolet Malibu Insurance
Looking for lower auto insurance rates for your Chevrolet Malibu? Are you confused by the sheer number of auto insurance companies? You’re not the only one! Consumers have so many options that it can turn into a real hassle to find better rates.
Comparison of Insurance
To find the best insurance prices, there are several ways to get quotes from different insurance companies. The recommended way to find competitive 2011 Chevy Malibu insurance rates consists of shopping online. This can be accomplished using a couple different methods.
- The fastest way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This form prevents you from having to do separate quotation requests for each company you want a rate for. One simple form will get you price quotes from several companies. This is by far the quickest method.
- A more time consuming way to get comparison quotes is spending the time to visit the website for each individual company to complete a price quote. For example, we’ll pretend you want to compare rates from Farmers, GEICO and Progressive. To find out each rate you need to visit each site to input your insurance information, which is why the first method is quicker.
For a list of links to insurance companies in your area, click here.
- The least efficient method of getting rate comparisons is to spend time driving to insurance agents’ offices. Shopping for insurance online makes this process obsolete unless you have a need for the personal advice only provided by licensed agents. Drivers can get the lowest quotes online but buy from a local insurance agent and you’ll learn how to do that later.
It’s your choice how you get your quotes, but double check that you are using exactly the same coverage limits for each comparison quote. If you enter different liability limits then you won’t be able to determine the lowest rate for your Chevy Malibu. Slightly different limits may result in a large different in cost. And when comparison shopping, obtaining a wide range of quotes gives you a better chance of getting a lower rate.
You probably qualify for some discounts
Car insurance companies don’t always advertise all available discounts very clearly, so here is a list both well-publicized and the more hidden ways to save on auto insurance.
- Claim Free – Drivers with accident-free driving histories pay less when compared with accident-prone drivers.
- Save with a New Car – Putting insurance coverage on a new car can save up to 30% due to better safety requirements for new cars.
- Student in College – Any of your kids who are attending college without a vehicle on campus may qualify for this discount.
- Discount for Life Insurance – Larger companies have lower rates if you buy a life insurance policy as well.
- Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
It’s important to note that many deductions do not apply to the overall cost of the policy. Most only apply to specific coverage prices like medical payments or collision. Just because it seems like adding up those discounts means a free policy, you’re out of luck.
To see a list of companies who offer auto insurance discounts, click this link.
There’s no such thing as the perfect policy
When it comes to buying the best insurance coverage for your vehicles, there really is not a single plan that fits everyone. Each situation is unique.
These are some specific questions might help in determining if your situation would benefit from professional advice.
- Which is better, split liability limits or combined limits?
- Does my liability insurance cover pulling a trailer or camper?
- Am I getting all the discounts available?
- How do I file an SR-22 for a DUI in my state?
- When would I need rental car insurance?
- Why does it cost so much to insure a teen driver?
If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.
Specifics of your insurance policy
Learning about specific coverages of insurance can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.
Comprehensive protection – This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as rock chips in glass, damage from getting keyed and vandalism. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Medical expense coverage – Coverage for medical payments and/or PIP kick in for immediate expenses such as surgery, doctor visits and dental work. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible
Liability coverages – This coverage will cover damages or injuries you inflict on a person or their property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged property.
Liability coverage pays for things such as funeral expenses, loss of income and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.
Collision – Collision insurance covers damage to your Malibu resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims like rolling your car, backing into a parked car, driving through your garage door and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.
Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your 2011 Chevy Malibu.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Saving money makes a lot of cents
As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where an insured cut physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.
We just presented quite a bit of information on how to get a better price on 2011 Chevy Malibu insurance. The key concept to understand is the more times you quote, the higher the chance of saving money. Consumers may even find the most savings is with a small local company.
Budget-conscious insurance can be purchased online in addition to many insurance agents, and you should compare price quotes from both to have the best selection. Some insurance providers do not provide online quoting and these small insurance companies work with independent agents.
Rates by U.S. City
|New York City, NY||$1,800|
|Los Angeles, CA||$1,947|
Need a specific model?
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Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$74|
|5-yr Claim Free||$72|
|Paid in Full/EFT||$45|
Discounts are estimated and may not be available from every company or in every state.