Chevrolet Malibu Insurance Rates
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UPDATED: Apr 9, 2020
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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 insurance prices for a Chevrolet Malibu are $1,366 every 12 months with full coverage. Comprehensive insurance costs around $306 each year, collision insurance costs $512, and liability costs around $390. A liability-only policy costs as low as $452 a year, and high-risk insurance costs $2,940 or more. Teens pay the most at up to $5,052 a year.
Average premium for full coverage: $1,366
Premium estimates for type of coverage:
Includes $500 policy deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all U.S. states and Malibu models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Chevrolet Malibu range from the cheapest price of $452 for just the minimum liability insurance to a high rate of $2,940 for a driver that may need high-risk insurance.
Insurance Price Range by Location
Where you live can make a big difference on insurance rates. Areas with sparse population are statistically proven to have more infrequent collision claims than cities with more traffic congestion. The graphic below illustrates how location impacts auto insurance rates.
These rate differences demonstrate why all drivers should compare prices for a specific zip code and their own driving history, instead of making a decision based on averaged prices.
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 Analysis
The chart below details average Chevrolet Malibu insurance rates for additional coverage choices and driver risks.
- The cheapest rate after discounts is $792
- Using higher $1,000 deductibles will save about $186 annually
- The average price for a 40-year-old good driver using $500 deductibles is $1,366
- Selecting low deductibles for physical damage coverage costs an extra $358 annually
- High-risk insureds with serious driving violations could pay at least $2,940
- An auto insurance policy to insure a 16-year-old driver can be $5,052 or more
Auto insurance prices for a Chevrolet Malibu also have a wide range based on physical damage deductibles and liability limits, your driving record, and the trim level and model year.
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $550 annually, whereas increasing liability limits will increase prices. Moving from a 50/100 liability limit to a 250/500 limit will cost up to $351 extra every year. View Rates by Deductible or Liability Limit
More mature drivers with a good driving record and higher deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will have to pay as much as $5,000 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you may be forking out at least $1,600 to $2,200 in extra premium annually, depending on your age. Insurance for high-risk drivers can be from 44% to 131% more than the average policy. View High Risk Driver Rates
Where you choose to live has a huge impact on Chevrolet Malibu insurance prices. A driver around age 40 might see prices as low as $980 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,850 on average in Florida, Michigan, and New York.
|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||$1,294||$108|
|Chevrolet Malibu Hybrid||$1,354||$113|
|Chevrolet Malibu LT||$1,336||$111|
|Chevrolet Malibu LTZ||$1,422||$119|
Rates assume 2020 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||$306||$512||$390||$1,366|
|2019 Chevrolet Malibu||$294||$506||$398||$1,356|
|2018 Chevrolet Malibu||$284||$494||$416||$1,352|
|2017 Chevrolet Malibu||$274||$474||$430||$1,336|
|2016 Chevrolet Malibu||$260||$458||$442||$1,318|
|2015 Chevrolet Malibu||$250||$424||$452||$1,284|
|2014 Chevrolet Malibu||$240||$400||$456||$1,254|
|2013 Chevrolet Malibu||$230||$358||$460||$1,206|
|2012 Chevrolet Malibu||$214||$330||$460||$1,162|
|2011 Chevrolet Malibu||$206||$310||$464||$1,138|
|2010 Chevrolet Malibu||$202||$288||$474||$1,122|
|2009 Chevrolet Malibu||$186||$268||$474||$1,086|
|2008 Chevrolet Malibu||$182||$244||$478||$1,062|
|2007 Chevrolet Malibu||$170||$222||$474||$1,024|
|2006 Chevrolet Malibu||$160||$202||$474||$994|
|2005 Chevrolet Malibu||$154||$182||$468||$962|
|2004 Chevrolet Malibu||$152||$178||$460||$948|
|2003 Chevrolet Malibu||$150||$168||$452||$928|
|2002 Chevrolet Malibu||$138||$160||$446||$902|
|2001 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 Shop for the Cheapest Chevrolet Malibu Insurance
Finding better rates on insurance for a Chevrolet Malibu requires being a good driver, having a good credit score, being claim-free, and possibly raising deductibles. Spend time shopping around once a year by getting quotes from direct companies, and also from several local insurance agents.
The following list is a recap of the data that was touched on above.
- You may be able to save up to $160 per year just by quoting online in advance
- Insureds who may need an increased level of liability coverage will pay approximately $430 every year to increase from 30/60 bodily injury limits to a 250/500 level
- Drivers age 16 to 20 are expensive to insure, possibly costing $421 per month if comprehensive and collision insurance is included
- Drivers considered higher risk that have major violations or accidents pay on average $1,570 more every year than a safer driver
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||$99|
|5-yr Claim Free||$87|
|Paid in Full/EFT||$62|
Discounts are estimated and may not be available from every company or in every state.