Auto Insurance Quotes for a Chevy Malibu in Columbus

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Insurance for Chevy MalibuIf saving money is your primary concern, then the best way to get cheaper Chevy Malibu insurance is to make a habit of comparing prices annually from insurance carriers in Columbus. Rate comparisons can be done by completing these steps.

First, take a few minutes and learn about how companies set rates and the measures you can control to keep rates low. Many rating factors that result in higher prices such as high-risk driving behaviors and poor credit rating can be controlled by making small lifestyle or driving habit changes. Continue reading for the details to get low prices and get discounts that may be available to you.

Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive and State Farm, while independent agents can provide price quotes from multiple companies. View a list of agents

Third, compare the price quotes to your existing policy to see if you can save by switching companies. If you find a lower rate and buy the policy, make sure there is no coverage gap between policies.

Fourth, give notification to your current company to cancel your existing policy. Submit the signed application along with the required initial payment to the newly selected company. Don't forget to store the certificate of insurance in your vehicle.

One thing to remember is to make sure you're comparing the same level of coverage on every price quote and and to get quotes from as many carriers as you can. This provides a level playing field and the best price selection.

It goes without saying that auto insurance companies don't want policyholders to shop around. People who get comparison quotes at least once a year will probably switch to a new company because of the good chance of finding lower rate quotes. A recent car insurance study discovered that consumers who regularly compared rates saved $3,400 over four years as compared to drivers who never shopped around for lower prices.

If finding the lowest rates on car insurance is your intention, then having a grasp of the best ways to shop for insurance can help you succeed in finding affordable rates.

Car insurance providers offering low-cost rates in Ohio

The companies shown below offer price quotes in Ohio. If the list has multiple companies, we recommend you visit as many as you can to get the best price comparison.

Insurance coverage details

The information displayed below covers a range of insurance premium costs for Chevy Malibu models. Having a better idea how prices are formulated can help drivers make decisions when choosing a new policy provider.

Chevrolet Malibu Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $150 $292 $214 $12 $64 $732 $61
Malibu Hybrid $150 $292 $214 $12 $64 $732 $61
Malibu LT $170 $292 $214 $12 $64 $752 $63
Malibu LTZ $170 $344 $214 $12 $64 $804 $67
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific location which can increase or decrease insurance rates greatly.

Deductible comparison

One of the more difficult decisions when buying insurance is where to set your physical damage deductibles. The following insurance rates may help you to understand the rate differences when you select higher and lower deductibles. The first pricing table uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.

Chevrolet Malibu insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $176 $296 $226 $14 $68 $805 $67
Malibu Hybrid $176 $296 $226 $14 $68 $805 $67
Malibu LT $198 $296 $226 $14 $68 $827 $69
Malibu LTZ $198 $348 $226 $14 $68 $879 $73
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Chevrolet Malibu insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $108 $186 $226 $14 $68 $602 $50
Malibu Hybrid $108 $186 $226 $14 $68 $602 $50
Malibu LT $122 $186 $226 $14 $68 $616 $51
Malibu LTZ $122 $220 $226 $14 $68 $650 $54
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Premium costs do not factor in specific Columbus garaging location which can alter rates considerably.

Using the data above, we can ascertain that using a $250 deductible costs approximately $18 more each month or $216 each year than quoting the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 42 months between claims, you would save money if you opt for a higher deductible.

The illustration below demonstrates how choosing different deductibles and can impact Chevy Malibu insurance rates for different insured age categories. The price estimates are based on a married male driver, comp and collision included, and no additional discounts are factored in.

Illustration showing the impact of accidents and violations

The diagram below illustrates how speeding tickets and at-fault collisions can raise Chevy Malibu insurance premiums for different ages of insureds. The prices are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.

Rate comparison of men versus women

The information below illustrates the comparison of Chevy Malibu auto insurance costs for male and female drivers. The premiums assume no driving violations, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Get cheaper Chevy Malibu insurance in Columbus with discounts

Companies that sell car insurance don't always advertise their entire list of discounts very well, so we researched a few of the more common and also the more inconspicuous savings tricks you should be using when you buy Columbus auto insurance online.Cheaper insurance with discounts

  • Active Service Discounts - Being deployed with a military unit may qualify for rate reductions.
  • Early Switch Discount - A few companies offer discounts for buying a new policy before your current Malibu insurance policy expires. This can save 10% or more.
  • Anti-lock Brake System - Cars and trucks equipped with ABS or steering control prevent accidents and will save you 10% or more on Malibu insurance in Columbus.
  • Defensive Driving Course - Successfully completing a course that instructs on driving safety could save 5% or more if you qualify.
  • Multiple Policy Discount - If you have multiple policies and insure them both with the same insurance company you could earn a discount of over 10 percent off each policy depending on the company.

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. A few only apply to the cost of specific coverages such as comprehensive or collision. So when the math indicates all those discounts means the company will pay you, you aren't that lucky.

The diagram below illustrates the difference between Chevy Malibu premium costs with and without discounts applied. The information is based on a male driver, no claims or driving violations, Ohio state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, safe-driver, claim-free, and multi-policy discounts applied.

To choose insurance companies with significant discounts in Ohio, follow this link.

Informed Consumers Can Cut Insurance Costs

It's important that you understand a few of the rating criteria that go into determining the level of your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this helps enable you to make changes that could result in better insurance rates.

The items below are some of the things that factor into rates.

  • Liability coverage risk factors - Liability insurance will provide protection if ever a jury decides you are liable for personal injury or accident damage. Your liability coverage provides you with a defense in court up to the limits shown on your policy. Liability insurance is pretty cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Discounts for married drivers - Having a wife or husband helps lower the price on your policy. It demonstrates that you tend to be less irresponsible and insurance companies like that married drivers tend to have fewer serious accidents.
  • With age comes responsibility - Drivers with little experience have been known to get distracted easily when driving and because of this, their insurance rates are much higher. Mature drivers are more responsible, statistically cause fewer accidents, and usually have better credit.

    The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

  • Performance affects premiums - The type of car or truck you are insuring makes a significant difference in how high your rates are. The lowest base rates will normally be found when insuring lower cost passenger cars, but that's not the only thing that factors into the final price.

    The following chart is based on a single female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Chevrolet Malibu insurance rates compared to other models of vehicles that have a range of risk factors.

  • Frequent policy claims will cost you - Insurance companies in Ohio give most affordable rates to people who are claim-free. If you file claims often, you can look forward to either policy cancellation or increased premiums. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Lower prices with continuous insurance coverage - Letting your insurance expire can be a sure-fire way to trigger a rate increase. In addition to paying higher premiums, getting caught without coverage may earn you a fine, jail time, or a revoked license. You may need to file a SR-22 with the Ohio department of motor vehicles.
  • Save money by raising coverage deductibles - Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. Some examples of claims that would be covered are a broken windshield, damage caused by hail, and rolling your vehicle. Deductibles for physical damage are how much you are required to spend out-of-pocket if a covered claim is submitted. The larger the amount you're willing to pay, the lower your rates will be.
  • Chevy Malibu claim statistics - Auto insurance companies factor in historical loss data when they file their rates in each state. Models that tend to have increased losses will cost more for specific coverages. The table shown below demonstrates the actual insurance loss data for Chevy Malibu vehicles.

    For each coverage type, the loss probability for all vehicles combined as an average is a value of 100. Percentage values below 100 suggest a positive loss record, while numbers shown that are more than 100 indicate a higher chance of having a claim or an increased probability of a larger loss.

    Auto Insurance Loss Data for Chevrolet Malibu Models
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Chevrolet Malibu 94 100 109 139 145 120

    Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Car insurance agents near you

Some people just want to buy from a local agent and that is recommended in a lot of cases Most agents are very good at helping people manage risk and give you someone to call. One of the best bonuses of comparing rate quotes online is that you can obtain cheap rate quotes but also keep your business local.

To make it easy to find an agent, after completing this simple form, your insurance coverage information is transmitted to local insurance agents who will give you bids for your car insurance coverage. There is no need to leave your house since price quotes are sent directly to you. If you wish to get a price quote from one company in particular, you would need to visit that company's website and submit a quote form there.

Finding a good company should include more criteria than just a cheap price. Below are some questions you should ask.

  • Are they primarily personal or commercial lines agents in Columbus?
  • Which insurance company do they prefer to write with?
  • Is working in the agency their full-time job?
  • Is assistance available after office hours?
  • Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
  • Can you use your own choice of collision repair facility?
  • What is their Better Business Bureau rating?

The type of car insurance agent you choose is important

If you are wanting to purchase car insurance from a reliable insurance agent, you should know the different types of agencies and how they are slightly different. Car insurance agencies can be described as either exclusive or independent agents depending on their company appointments. Both sell and service car insurance coverage, but it is important to understand why they differ since it can impact the type of agent you choose.

Exclusive Insurance Agencies

Agents of this type can only place business with one company such as State Farm or Allstate. Exclusive agents cannot place coverage with different providers so they really need to provide good service. They are well trained in insurance sales which helps them sell on service rather than price.

Listed below is a short list of exclusive agents in Columbus who can help you get price quote information.

2986 N High St - Columbus, OH 43202 - (614) 262-6700 - View Map

7370 Sawmill Rd Suite 2720 - Columbus, OH 43235 - (614) 336-4240 - View Map

3246 Noe Bixby Rd - Columbus, OH 43232 - (614) 837-4379 - View Map

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Independent Car Insurance Agents

Agents in the independent channel often have affiliation with several companies so as a result can place your coverage through many companies and find you the best rates. If they find a cheaper price, they can switch companies in-house and you don't have to find a new agent.

When comparison shopping, you will want to include rate quotes from independent agents for the best price selection.

Shown below is a list of independent insurance agencies in Columbus that can give you rate quotes.

2690 E Main St - Columbus, OH 43209 - (614) 235-5413 - View Map

630 E Broad St - Columbus, OH 43215 - (614) 418-5710 - View Map

4161 N High St - Columbus, OH 43214 - (614) 267-1269 - View Map

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Persistence will pay off

When shopping online for auto insurance, do not reduce needed coverages to save money. There are many occasions where an insured dropped liability limits or collision coverage only to find out that the savings was not a smart move. Your goal is to buy enough coverage at the best cost.

There are still a few companies who may not provide rates over the internet and usually these smaller providers provide coverage only through independent agents. Lower-priced auto insurance in Columbus is available on the web as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from.

More information can be read at the links below