Chevrolet Malibu Insurance Rates

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.

The average insurance prices for a Chevrolet Malibu are $1,024 every 12 months for full coverage. Comprehensive costs an estimated $170 a year, collision costs $222, and liability coverage is $474. A liability-only policy costs around $522 a year, with high-risk insurance costing around $2,204. 16-year-old drivers cost the most to insure at $4,114 a year or more.

Average premium for full coverage: $1,024

Policy rates broken down by type of insurance:

Prices include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all states and Malibu trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on insurance rates. More rural locations are shown to have more infrequent accident claims than congested cities.

The diagram below illustrates how geographic area affects insurance prices.

The examples above show why it is important to compare rates quotes for a targeted area and their own driving history, rather than using rate averages.

Use the form below to get customized rates for your location.

More Rate Details

The chart below shows estimated Chevrolet Malibu insurance rates for other coverage scenarios.

• The best full coverage rate is $622
• Raising to $1,000 deductibles will save approximately $934 a year
• The average price for a good driver age 40 who has $500 deductibles is $1,024
• Buying low $100 deductibles increases the price to $1,194
• Unlucky drivers with multiple tickets or accidents could pay up to $2,204 or more
• Policy cost to insure a teenage driver can cost as much as $4,114

View Chart as Image

Car insurance rates for a Chevrolet Malibu also range considerably based on liability limits and deductibles, your driver profile, and the model year and trim level.

Opting for high physical damage deductibles can reduce rates by up to $260 a year, while buying higher liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may only pay around $1,000 every 12 months on average, or $83 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged at least $4,100 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying $1,200 to $1,700 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 41% to 130% more than the average rate. View High Risk Driver Rates

Your home state also has a big influence on Chevrolet Malibu insurance rates. A middle-age driver might find rates as low as $680 a year in states like Iowa, Maine, and Idaho, or at least $1,460 on average in New York, Louisiana, and Michigan.

View Chart as Image

Because rates have so much variability, the only way to know which auto insurance is cheapest is to get quotes and see how they stack up. Every auto insurance company utilizes a different rate formula, so rate quotes will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2009 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.

How to Shop for the Right Chevrolet Malibu Insurance

Finding cheaper rates on auto insurance consists of being a good driver, maintaining a good credit score, avoid buying unnecessary coverage, and not having any coverage lapses. Invest the time to compare rates every other policy renewal by obtaining price quotes from direct carriers, and also from several local insurance agents.

The following list is a quick rundown of the ideas that were presented in the illustrations above.

• Drivers age 16 to 20 have the highest car insurance rates, costing up to $343 each month if the policy includes full coverage
• Drivers with reckless driving or DUI convictions pay on average $1,180 more annually than a safer driver
• Increasing comprehensive and collision deductibles could save as much as $250 each year
• Drivers can save approximately $110 per year simply 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.

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.

• Hyundai Sonata
• Kia Optima
• Volkswagen Passat 

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.