Chevrolet Malibu Insurance Rates
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UPDATED: Jun 4, 2023
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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.
Estimated auto insurance rates for a Chevrolet Malibu are $1,024 annually with full coverage. Comprehensive insurance costs an estimated $170, collision insurance costs $222, and liability insurance is estimated at $474. Liability-only coverage costs approximately $522 a year, and high-risk coverage costs $2,204 or more. 16-year-old drivers pay the most at up to $4,114 a year.
Average premium for full coverage: $1,024
Premium estimates broken down by type of coverage:
Price estimates include $500 policy deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all U.S. states and for all Malibu models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Chevrolet Malibu range from as cheap as $522 for minimum levels of liability insurance to the much higher price of $2,204 for a driver required to buy high-risk insurance.
Insurance Price Range by Location
Living in a larger city has a significant impact on car insurance rates. More rural locations are statistically proven to have fewer collision claims than congested cities. The example below illustrates how location impacts insurance prices.
These rate differences demonstrate why everyone should get quotes for a targeted area and their own personal driving habits, rather than relying 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.
Additional Rate Details
The chart below details average Chevrolet Malibu insurance rates for other coverage scenarios.
- The best full coverage rate is $622
- Choosing higher $1,000 deductibles can save approximately $90 annually
- The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,024
- Buying pricier low deductibles for comp and collision coverage costs an additional $170 a year
- High-risk insureds with multiple tickets or accidents could pay up to $2,204
- An auto insurance policy with full coverage for a teen driver for full coverage can cost as much as $4,114 each year
Insurance prices for a Chevrolet Malibu also have a wide range based on the model of your Malibu, your driving record, and liability limits and deductibles.
A more mature driver with a clean driving record and high physical damage deductibles could pay as little as $1,000 annually on average, or $83 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they can expect to pay at least $4,100 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you may be forking out $1,200 to $1,700 extra annually, depending on your age. Chevrolet Malibu insurance for high-risk drivers ranges anywhere from 41% to 130% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles can save as much as $260 each year, whereas buying more liability protection will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $426 more per year. View Rates by Deductible or Liability Limit
Where you choose to live plays a big part in determining prices for Chevrolet Malibu insurance rates. A good driver about age 40 could pay as low as $740 a year in states like Utah, Ohio, and New Hampshire, or at least $1,380 on average in New York, Michigan, and Florida.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Chevrolet Malibu LS||$990||$83|
|Chevrolet Malibu Hybrid||$1,016||$85|
|Chevrolet Malibu LT||$1,012||$84|
|Chevrolet Malibu LTZ||$1,052||$88|
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.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2020 Chevrolet Malibu||$284||$494||$416||$1,352|
|2019 Chevrolet Malibu||$274||$474||$430||$1,336|
|2018 Chevrolet Malibu||$260||$458||$442||$1,318|
|2017 Chevrolet Malibu||$250||$424||$452||$1,284|
|2016 Chevrolet Malibu||$240||$400||$456||$1,254|
|2015 Chevrolet Malibu||$230||$358||$460||$1,206|
|2014 Chevrolet Malibu||$214||$330||$460||$1,162|
|2013 Chevrolet Malibu||$206||$310||$464||$1,138|
|2012 Chevrolet Malibu||$202||$288||$474||$1,122|
|2011 Chevrolet Malibu||$186||$268||$474||$1,086|
|2010 Chevrolet Malibu||$182||$244||$478||$1,062|
|2009 Chevrolet Malibu||$170||$222||$474||$1,024|
|2008 Chevrolet Malibu||$160||$202||$474||$994|
|2007 Chevrolet Malibu||$154||$182||$468||$962|
|2006 Chevrolet Malibu||$152||$178||$460||$948|
|2005 Chevrolet Malibu||$150||$168||$452||$928|
|2004 Chevrolet Malibu||$138||$160||$446||$902|
|2003 Chevrolet Malibu||$132||$152||$442||$884|
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 Buy Cheaper Chevrolet Malibu Insurance
Finding better rates on Chevrolet Malibu insurance takes being a good driver, having a good credit history, being claim-free, and deciding if full coverage is necessary. Spend time shopping around at every policy renewal by obtaining price quotes from direct companies, and also from several local insurance agents.
The following list is a condensed summary of the data touched on above.
- Drivers who want an increased level of liability coverage will pay around $520 every year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
- You may be able to save approximately $110 per year just by quoting online well ahead of the renewal date
- Increasing policy deductibles could save up to $250 each year
- Drivers age 16 to 20 are charged the highest prices, possibly costing $343 per month including comprehensive and collision insurance
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
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||$62|
|5-yr Claim Free||$64|
|Paid in Full/EFT||$37|
Discounts are estimated and may not be available from every company or in every state.