Finding cheaper auto insurance for a Chevrolet Malibu in Indiana relies on a large number of factors such as when you were born, the likelihood of vehicle theft, and your policy deductibles. Drivers in Indiana pay around $802 a year to insure their Malibu, but that cost is based upon a 50-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
But there is a high probability that you may not be 50 years old (or even female), maybe you are married instead of single, and maybe your Malibu is older and does not require full coverage. Even a minor change in rating variables may result in significant differences in how much coverage for a Chevrolet Malibu costs.
Every driver's needs are different, and that is why the only real way to find cheap insurance prices for your Chevrolet is to just take the time to compare rates yourself. Get your free quotes now and you will receive price comparisons from top-rated companies in Indiana.
Your Chevrolet's trim level tends to impact the insurance rate, so the price you will be charged to insure a Malibu LS trim level will cost $88 less than the insurance cost for the higher-priced Malibu LTZ version, as shown below.
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Table data does not factor in zip code location which can impact price quotes greatly.
Finding out which insurers offer the lowest-priced insurance rates for a Chevrolet Malibu in Indiana involves more work than just getting one or two price quotes. Every auto insurer uses different criteria for determining rates in each state, so let's take a look at the insurance companies with the overall cheapest rates in Indiana.
Keep in mind that Indiana insurance rates are influenced by many factors that control the cost of a policy. Simply improving your credit, buying another vehicle, or getting a few speeding tickets can produce rate changes that may make certain companies much cheaper than others.
Best Car Insurance Prices for Your Malibu
Travelers may have some of the best car insurance rates in Indiana at around $596 a year. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual would also make the list of some of the most economical Indiana car insurance companies.
As the rates illustrate above, if you are a policyholder with Cincinnati Insurance and switched to Travelers, you could see annual savings of in the neighborhood of $62. Policyholders with USAA might save as much as $91 a year, and Erie policyholders might see rate reductions of $109 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or quote rates from the companies below.
It's important to note that these prices are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific rating modification for a Chevrolet Malibu. So the auto insurance company that is best suited for you may not even be in the list above. That illustrates why you need to compare as many prices as possible using your own specific driver information and vehicle.
How accidents and violations affect rates in Indiana
The best way to earn good insurance premiums in Indiana for a Malibu is to drive attentively and avoid getting tickets or having accidents. The illustration below illustrates how speeding tickets and at-fault claims can increase auto insurance costs for each age group. The rate quotes are based on a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.
In the previous example, the average cost of a car insurance policy in Indiana per year with no accidents or violations is $1,696. Get written up for one speeding ticket and the average cost hikes up to $1,910, an increase of $215 each year. Now include one accident along with the one speeding ticket and the annual cost of insurance for a Chevrolet Malibu in Indiana goes up to an average of $2,514. That's an increase of $818, or $68 per month, just for being a careless driver!
The chart below demonstrates how deductible levels can impact insurance premiums when searching for cheap insurance for a Chevrolet Malibu in Indiana. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
As shown above, a 40-year-old driver could save $232 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $348 by using a $1,000 deductible. Youthful drivers, like the 20-year-old, could roll back prices as much as $566 or more by selecting a higher deductible. If you do decide to increase your deductibles, it is necessary to have plenty of savings on hand to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Why you should shop around for Malibu insurance
Indiana insurance rates are based on many factors that will increase or decrease the policy price. Simply turning a year older, moving across town, or getting a ticket for careless driving can trigger price changes that can make some companies cheaper than others. In addition, companies change their prices as needed in order to protect their financial rating. A period of increased losses may cause higher priced premiums, while lower claim expenses may cause more affordable Malibu insurance rates.
For instance, the bar chart below compares the cheapest car insurance in Indiana for a 30-year-old male driver with a good driving record, no prior claims, and solid credit. Based on his personal profile, Travelers might quote the most affordable car insurance rates in Indiana at $596 each year. This is $644 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve also make the list of the best Indiana auto insurance companies.
The chart below compares rates after we give the driver in the first chart a claim or two, a lower credit rating, and a traffic citation. Since each insurance company uses their own calculation to set policy rates, comparing prices may now present a different ranking of the cheapest companies as shown below.
Auto-Owners now has the lowest price in Indiana with The Hartford, Utica National, State Farm, and Nationwide also having competitive pricing. This example illustrates why it is critical to compare lots of rates when trying to get the cheapest auto insurance rates for a Chevrolet Malibu.
Insurance prices are impacted by many risk factors and change dramatically, so the most economical option the last time you compared rates may now be an over-priced policy.
How to find the cheapest auto insurance for a Chevrolet Malibu in Indiana
Lowering your rates is not difficult, and here are some of the better penny-pinching ideas that can help Indiana drivers get low-cost auto insurance.
- Improve your credit rating
- Avoid preventable accidents
- Vehicles with safetly features generally cost less to insure
- Raise physical damage deductibles
- Save money by observing traffic laws and speed limits
- Compare rate quotes frequently
The final tip is very crucial, as was discussed in the prior information. Insurance rates go up and down frequently, so drivers shouldn't be reluctant to switch carriers if you can save money. Staying with the same car insurance company is fine, but it isn't a good idea if that inflexibility results in costing you thousands of dollars over several years. In less than five minutes you could compare rates to find cheaper auto insurance for a Chevrolet Malibu.