Chevrolet Malibu Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

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 $994 annually for full coverage insurance. Comprehensive costs approximately $160, collision costs $202, and liability costs $474. A policy with only liability insurance costs as little as $522 a year, with a high-risk policy costing around $2,134. Teenage drivers pay the most at $4,018 a year or more.

Average premium for full coverage: $994

Premium estimates by type of coverage:

Comprehensive $160
Collision $202
Liability $474

Full coverage includes $500 deductible amounts, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 states and for different Malibu trim levels.

Insurance Price Range by Risk and Coverage

Using a 40-year-old driver as an example, insurance rates for a Chevrolet Malibu go from as cheap as $522 for just the minimum liability insurance to a much higher rate of $2,134 for a driver who requires high-risk insurance.

Liability Only $522
Full Coverage $994
High Risk $2,134

Insurance Price Range by Location

Your location can make a big difference on the price of auto insurance. Rural locations are statistically proven to have fewer physical damage claims than densely populated cities.

The price range example below illustrates how rural and urban location affects auto insurance prices.

Rural Areas $746
Small Cities $1,044
Large Cities $1,342

These rate differences illustrate why anyone shopping for car insurance should compare rates using their specific location and their own personal driving habits, instead of making a decision based on average rates.

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 illustrates estimated Chevrolet Malibu insurance rates for additional coverage and risk scenarios.

  • The best discount rate is $605
  • Drivers who choose higher $1,000 deductibles will pay $82 each year
  • The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $994
  • Using more expensive low deductibles for comprehensive and collision insurance will cost $1,148
  • Drivers who are prone to accidents and violations could pay around $2,134 or more
  • An auto insurance policy with full coverage for a 16-year-old driver with full coverage can cost $4,018 a year

View Chart as Image

Chevrolet Malibu insurance cost comparison chart
Column chart showing full coverage Chevrolet Malibu insurance rates range from $605 to $4,018

Car insurance prices for a Chevrolet Malibu also have a wide range based on the model of your Malibu, your risk profile, and physical damage deductibles and liability limits.

An older driver with no driving violations and high physical damage deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will be charged in the ballpark of $4,000 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying anywhere from $1,200 to $1,700 extra annually, depending on your age. High-risk driver insurance can cost from 42% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $240 annually, while increasing your policy's liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $426 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live makes a big difference in Chevrolet Malibu insurance prices. A 40-year-old driver could pay as low as $650 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,340 on average in Florida, New York, and Michigan.

Chevrolet Malibu Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $898 -$96 -9.7%
Alaska $760 -$234 -23.5%
Arizona $824 -$170 -17.1%
Arkansas $994 -$0 0.0%
California $1,132 $138 13.9%
Colorado $948 -$46 -4.6%
Connecticut $1,022 $28 2.8%
Delaware $1,124 $130 13.1%
Florida $1,244 $250 25.2%
Georgia $916 -$78 -7.8%
Hawaii $714 -$280 -28.2%
Idaho $670 -$324 -32.6%
Illinois $738 -$256 -25.8%
Indiana $746 -$248 -24.9%
Iowa $670 -$324 -32.6%
Kansas $946 -$48 -4.8%
Kentucky $1,356 $362 36.4%
Louisiana $1,470 $476 47.9%
Maine $612 -$382 -38.4%
Maryland $818 -$176 -17.7%
Massachusetts $796 -$198 -19.9%
Michigan $1,726 $732 73.6%
Minnesota $832 -$162 -16.3%
Mississippi $1,190 $196 19.7%
Missouri $882 -$112 -11.3%
Montana $1,068 $74 7.4%
Nebraska $784 -$210 -21.1%
Nevada $1,192 $198 19.9%
New Hampshire $714 -$280 -28.2%
New Jersey $1,110 $116 11.7%
New Mexico $880 -$114 -11.5%
New York $1,046 $52 5.2%
North Carolina $572 -$422 -42.5%
North Dakota $814 -$180 -18.1%
Ohio $686 -$308 -31.0%
Oklahoma $1,022 $28 2.8%
Oregon $910 -$84 -8.5%
Pennsylvania $948 -$46 -4.6%
Rhode Island $1,324 $330 33.2%
South Carolina $898 -$96 -9.7%
South Dakota $838 -$156 -15.7%
Tennessee $870 -$124 -12.5%
Texas $1,198 $204 20.5%
Utah $736 -$258 -26.0%
Vermont $682 -$312 -31.4%
Virginia $596 -$398 -40.0%
Washington $770 -$224 -22.5%
West Virginia $910 -$84 -8.5%
Wisconsin $688 -$306 -30.8%
Wyoming $886 -$108 -10.9%

View Chart as Image

Chevrolet Malibu insurance rates by U.S. city

With such a large range in prices, the only way to figure out who has the best car insurance prices is to compare prices from multiple companies. Every company uses a different method to calculate prices, so rate quotes will be substantially different between companies.

Insurance Rates by Trim Level and Model Year

Chevrolet Malibu Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Chevrolet Malibu LS $962 $80
Chevrolet Malibu Hybrid $986 $82
Chevrolet Malibu LT $982 $82
Chevrolet Malibu LTZ $1,020 $85

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.

Chevrolet Malibu Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
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
2004 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 More Affordable Chevrolet Malibu Insurance

Finding better rates on insurance for a Chevrolet Malibu not only requires having a good driving record, but also having a good credit score, paying for small claims out-of-pocket, and avoiding coverage lapses. Set aside time to shop around at every other renewal by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.

The next list is a summary of the concepts that were raised in the charts and tables above.

  • Drivers considered higher risk who have multiple accidents or major violations could be forced to pay on average $1,140 more per year to buy Chevrolet Malibu insurance
  • Drivers age 20 and younger pay the highest auto insurance prices, with premiums being up to $335 per month if comprehensive and collision insurance is included
  • It is possible to save around $110 per year simply by shopping early and online
  • Increasing policy deductibles could save up to $225 each year
  • It is possible to save around $110 per year simply by shopping 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.

Rates by Driver Age

Chevrolet Malibu Insurance Rates by Driver Age
Driver Age Premium
16 $4,018
20 $2,266
30 $1,010
40 $994
50 $910
60 $892

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Malibu Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,148
$250 $1,078
$500 $994
$1,000 $912

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Malibu Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $994
50/100 $1,115
100/300 $1,233
250/500 $1,541
100 CSL $1,162
300 CSL $1,423
500 CSL $1,613

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Malibu Insurance Rates for High Risk Drivers
Age Premium
16 $5,654
20 $3,616
30 $2,150
40 $2,134
50 $2,042
60 $2,020

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.

SR-22 Surcharge $133

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $50
Multi-vehicle $54
Homeowner $18
5-yr Accident Free $60
5-yr Claim Free $62
Paid in Full/EFT $35
Advance Quote $43
Online Quote $67
Total Discounts $389
Rate after discounts $605

Discounts are estimated and may not be available from every company or in every state.

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