Chevrolet Malibu Insurance Rates
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UPDATED: May 1, 2024
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How much does a Chevrolet Malibu cost to insure? The average Chevrolet Malibu insurance rates are $115 per month or $1,384 annually. However, many factors impact your ability to get affordable Chevy Malibu car insurance, like the age of your vehicle. For example, the 2010 Chevy Malibu insurance costs will be less than the 2017 Chevy Malibu insurance costs or even the cost of a Chevy Malibu 2012 model.
Some people, like teen drivers, might require high-risk car insurance, which could increase your Chevy Malibu costs, while others may be low-risk drivers eligible for cheap car insurance for the Malibu. The insurance costs for a 2016 Chevrolet Malibu for a teenager will, therefore, be higher than an older driver.
No matter your circumstances, read through our comprehensive guide to learn how to lower your rates for insurance on a Chevy Malibu. Different Chevy Malibu car insurance companies will provide different Chevy Malibu car insurance quotes so remember to shop around.
When you’re ready to secure affordable car insurance rates for a Chevy Malibu, just enter your five-digit ZIP code into our FREE quote comparison tool to get started.
Average insurance rates for a Chevrolet Malibu are $1,366 a year for full coverage. Comprehensive costs approximately $306 a year, collision insurance costs $512, and liability costs $390. Buying just liability costs as little as $452 a year, and insurance for high-risk drivers costs around $2,940. 16-year-old drivers receive the highest rates at up to $5,052 a year.
Average premium for full coverage: $1,366
Rate estimates by individual coverage type:
Rates are based on $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Rates are averaged for all states and Malibu trim levels.
Price Range by Coverage and Risk
For an average driver, prices range range from the low end price of $452 for just liability insurance to a high of $2,940 for a driver who requires high-risk insurance.
Price Range by Location
Your location can make a big difference on car insurance rates. Rural locations tend to have lower incidents of accident claims than congested cities. The diagram below illustrates the effect of geographic area on auto insurance prices.
These examples show why it is important to compare rates using their specific location, instead of making a decision based on rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
More Rate Details
The chart below shows average Chevrolet Malibu insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $792
- Drivers who choose higher $1,000 deductibles will pay $1,180 a year
- The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,366
- Buying low $100 deductibles for comprehensive and collision insurance bumps up the cost to $1,724
- Drivers with multiple tickets or accidents could pay around $2,940
- The cost that insures a 16-year-old driver can cost $5,052 a year
Auto insurance rates for a Chevrolet Malibu can also vary considerably based on the trim level of your Malibu, how you drive, and physical damage deductibles and liability limits.
If you like to drive fast or you caused an accident, you could be paying anywhere from $1,600 to $2,200 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost from 44% to 131% more than the average rate. View High Risk Driver Rates
Older drivers with a good driving record and higher comprehensive and collision deductibles may pay as low as $1,300 per year on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will have to pay in the ballpark of $5,000 a year. View Rates by Age
Where you live makes a big difference in Chevrolet Malibu insurance prices. A 40-year-old driver could pay as low as $900 a year in states like Iowa, Maine, and Idaho, or at least $1,950 on average in New York, Louisiana, and Michigan.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $1,236 | -$130 | -9.5% |
Alaska | $1,048 | -$318 | -23.3% |
Arizona | $1,134 | -$232 | -17.0% |
Arkansas | $1,366 | -$0 | 0.0% |
California | $1,556 | $190 | 13.9% |
Colorado | $1,304 | -$62 | -4.5% |
Connecticut | $1,406 | $40 | 2.9% |
Delaware | $1,546 | $180 | 13.2% |
Florida | $1,710 | $344 | 25.2% |
Georgia | $1,262 | -$104 | -7.6% |
Hawaii | $980 | -$386 | -28.3% |
Idaho | $924 | -$442 | -32.4% |
Illinois | $1,016 | -$350 | -25.6% |
Indiana | $1,030 | -$336 | -24.6% |
Iowa | $924 | -$442 | -32.4% |
Kansas | $1,300 | -$66 | -4.8% |
Kentucky | $1,864 | $498 | 36.5% |
Louisiana | $2,022 | $656 | 48.0% |
Maine | $844 | -$522 | -38.2% |
Maryland | $1,128 | -$238 | -17.4% |
Massachusetts | $1,094 | -$272 | -19.9% |
Michigan | $2,374 | $1,008 | 73.8% |
Minnesota | $1,142 | -$224 | -16.4% |
Mississippi | $1,636 | $270 | 19.8% |
Missouri | $1,212 | -$154 | -11.3% |
Montana | $1,468 | $102 | 7.5% |
Nebraska | $1,078 | -$288 | -21.1% |
Nevada | $1,638 | $272 | 19.9% |
New Hampshire | $982 | -$384 | -28.1% |
New Jersey | $1,528 | $162 | 11.9% |
New Mexico | $1,210 | -$156 | -11.4% |
New York | $1,438 | $72 | 5.3% |
North Carolina | $786 | -$580 | -42.5% |
North Dakota | $1,118 | -$248 | -18.2% |
Ohio | $944 | -$422 | -30.9% |
Oklahoma | $1,402 | $36 | 2.6% |
Oregon | $1,250 | -$116 | -8.5% |
Pennsylvania | $1,304 | -$62 | -4.5% |
Rhode Island | $1,822 | $456 | 33.4% |
South Carolina | $1,238 | -$128 | -9.4% |
South Dakota | $1,152 | -$214 | -15.7% |
Tennessee | $1,198 | -$168 | -12.3% |
Texas | $1,648 | $282 | 20.6% |
Utah | $1,010 | -$356 | -26.1% |
Vermont | $936 | -$430 | -31.5% |
Virginia | $818 | -$548 | -40.1% |
Washington | $1,054 | -$312 | -22.8% |
West Virginia | $1,252 | -$114 | -8.3% |
Wisconsin | $946 | -$420 | -30.7% |
Wyoming | $1,220 | -$146 | -10.7% |
Opting for high physical damage deductibles could save up to $550 annually, while buying higher liability limits will push rates upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $351 extra every year. View Rates by Deductible or Liability Limit
Insurance Rates by Trim Level and Model Year
Model and Trim | Annual Premium | Monthly Premium |
---|---|---|
Chevrolet Malibu LS | $1,294 | $108 |
Chevrolet Malibu Hybrid | $1,354 | $113 |
Chevrolet Malibu LT | $1,336 | $111 |
Chevrolet Malibu LTZ | $1,422 | $119 |
Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
2024 Chevrolet Malibu | $322 | $532 | $372 | $1,384 |
2023 Chevrolet Malibu | $306 | $512 | $390 | $1,366 |
2022 Chevrolet Malibu | $294 | $506 | $398 | $1,356 |
2021 Chevrolet Malibu | $284 | $494 | $416 | $1,352 |
2020 Chevrolet Malibu | $274 | $474 | $430 | $1,336 |
2019 Chevrolet Malibu | $260 | $458 | $442 | $1,318 |
2018 Chevrolet Malibu | $250 | $424 | $452 | $1,284 |
2017 Chevrolet Malibu | $240 | $400 | $456 | $1,254 |
2016 Chevrolet Malibu | $230 | $358 | $460 | $1,206 |
2015 Chevrolet Malibu | $214 | $330 | $460 | $1,162 |
2014 Chevrolet Malibu | $206 | $310 | $464 | $1,138 |
2013 Chevrolet Malibu | $202 | $288 | $474 | $1,122 |
2012 Chevrolet Malibu | $186 | $268 | $474 | $1,086 |
2011 Chevrolet Malibu | $182 | $244 | $478 | $1,062 |
2010 Chevrolet Malibu | $170 | $222 | $474 | $1,024 |
2009 Chevrolet Malibu | $160 | $202 | $474 | $994 |
2008 Chevrolet Malibu | $154 | $182 | $468 | $962 |
2007 Chevrolet Malibu | $152 | $178 | $460 | $948 |
2006 Chevrolet Malibu | $150 | $168 | $452 | $928 |
2005 Chevrolet Malibu | $138 | $160 | $446 | $902 |
Rates are averaged for all Chevrolet Malibu models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find the Best Cheap Chevrolet Malibu Insurance
Saving money on insurance for a Chevrolet Malibu not only requires being a low-risk driver, but also maintaining a good credit score, eliminating unneeded coverage, and possibly higher deductibles. Comparison shop at every other renewal by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.
The items below are a quick review of the concepts that were covered in the above illustrations.
- Drivers considered higher risk with a DUI or reckless driving violation could be forced to pay on average $1,570 more per year to insure their Malibu
- Teen drivers have the highest car insurance rates, costing as high as $421 per month if the policy includes full coverage
- Drivers can save around $160 per year just by quoting early and online
- Increasing deductibles can save approximately $550 each year
- Drivers can save around $160 per year just by quoting early and online
As you can see from the above information, the price of a 2018 Chevy Malibu for insurance will be different than the 2016 Chevy Malibu insurance costs. The 2014 Chevy Malibu price ranges will also be different, and it’s important to know the different before buying Chevy Malibu car insurance.
Whether you want to know how much does a 2016 Chevy Malibu cost to insure, or what’s the cost of a Chevy Malibu 2018 model for insurance, we can help you get the lowest rates. Just enter your five-digit ZIP code into our FREE quote comparison tool below to get the best Chevy Malibu insurance rates.
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What are the safety ratings for the Chevrolet Malibu?
Looking at the Chevrolet Malibu safety ratings can help you discover which discounts you may qualify for, and what might be costing you extra money.
Take a look at this vehicle’s safety ratings below:
- Small overlap front (driver-side): Good
- Small overlap front (passenger-side): Marginal
- Moderate overlap front: Good
- Side: Good
- Roof strength: Good
- Head restraints and seats: Good
A rating of ‘Good’ is the highest possible score given by the Insurance Institute for Highway Safety. These nearly perfect ratings will help minimize your car insurance rates.
Because it was redesigned in 2008, you can use the 2008 Chevy Malibu price range and safety ratings as a good starting point for all newer versions of this car.
Just remember, the 2012 Chevrolet Malibu costs will be higher because it’s newer. The same goes for the 2016 Chevrolet Malibu costs, and of course the 2018 Chevrolet Malibu costs, and so one and so forth.
You may be wondering are Chevy Malibu parts expensive to replace? If so, insurance companies will charge more for coverage. Unfortunately, these cars are pricier to fix. For example, the 2016 Malibu price range is above average.
Chevrolet Malibu Compared Against other Vehicles in the Same Class
Comparing the Chevrolet Malibu to similar vehicles can help you save money, especially if the Chevrolet Malibu has a better loss ratio than other vehicles in its class.
Is a Chevy Malibu a sports car? No, officially, the Insurance Institute for Highway Safety classifies it as a midsize four-door sedan. There are different variations, like the 2012 Malibu LT2, and the 2018 Malibu LTZ.
Take a look at some other comparable vehicles below.
Unfortunately, the Chevrolet Malibu has substantially worse than average personal injury and medical payment insurance loss ratios, at 43 percent and 62 percent respectively. The bodily injury insurance loss ratio is worse than average at 28 percent. These numbers definitely lead to higher insurance rates.
Let’s talk about how much does a Malibu cost based on the model age. How much does a brand new Chevy Malibu cost? Depending on what model you choose, the cost is right under $30,000 in total.
Older versions will cost less. How much is a 2012 Malibu worth? A 2012 Chevy Malibu costs around $23,000, and a 2015 Malibu costs just a little more.
For those wanting to buy used, an older 2008 Chevy Malibu is worth under $3,000 total. This is similar to how much a 2006 Chevy Malibu is worth. When you get to the 2011 Malibu costs, the totals jump back above $20,000.
Asking is the 2020 Chevy Malibu a good car is pretty subjective, so don’t hesitate to take a Chevy Malibu LTZ 2020 model for a test drive before choosing to buy.
Research is important when looking at car models. For example. when it comes to how much is a Chevy Malibu 2018 model, the total cost is lower than older Malibus due to electrical issues that cause the engine to fail. Therefore, how much a 2012 Chevy Malibu is worth is more than the 2018 model.
You’re now an expert on getting the best Chevy Malibu insurance quotes. Ready to see your low-cost quotes? Just enter your ZIP code into our FREE quote comparison tool to get the best Chevy Malibu car insurance rates from top auto insurance companies.
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $5,052 |
20 | $3,130 |
30 | $1,424 |
40 | $1,366 |
50 | $1,246 |
60 | $1,222 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,724 |
$250 | $1,560 |
$500 | $1,366 |
$1,000 | $1,180 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $1,366 |
50/100 | $1,500 |
100/300 | $1,598 |
250/500 | $1,851 |
100 CSL | $1,539 |
300 CSL | $1,754 |
500 CSL | $1,910 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $7,202 |
20 | $4,976 |
30 | $3,004 |
40 | $2,940 |
50 | $2,804 |
60 | $2,778 |
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.
Discount | Savings |
---|---|
Multi-policy | $72 |
Multi-vehicle | $70 |
Homeowner | $20 |
5-yr Accident Free | $99 |
5-yr Claim Free | $87 |
Paid in Full/EFT | $62 |
Advance Quote | $67 |
Online Quote | $97 |
Total Discounts | $574 |
Discounts are estimated and may not be available from every company or in every state.
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