Auto Insurance Rates for a Chevy Malibu in Lincoln

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Insurance for Chevy MalibuSearching for better insurance prices for a Chevy Malibu in Nebraska could be an all-consuming task, but you can use our insurance buying tips and make it easy.

There is a better way to buy insurance so we're going to tell you the absolute fastest way to get price quotes for your Chevy and get the lowest possible price from Lincoln insurance agents and online providers.

Consumers should take time to compare rates quite often because insurance prices are constantly changing. Just because you found the best price on Chevy Malibu insurance in Lincoln on your last policy other companies may now be cheaper. There is a lot of bad information regarding Malibu insurance online but we're going to give you some great ideas on how to stop overpaying for insurance in Lincoln.

Best companies for Chevy Malibu insurance

The following companies provide price comparisons in Lincoln, NE. To locate the cheapest car insurance in Lincoln, we recommend you get prices from several of them to get the best price comparison.

Chevy Malibu coverage analysis

The premium information displayed below showcases different insurance policy prices for Chevy Malibu models. Being more informed about how insurance policy rates are determined is important for drivers to make decisions on the best policy coverages.

Chevrolet Malibu Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $124 $252 $338 $20 $102 $836 $70
Malibu Hybrid $124 $252 $338 $20 $102 $836 $70
Malibu LT $138 $252 $338 $20 $102 $850 $71
Malibu LTZ $138 $298 $338 $20 $102 $896 $75
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in Lincoln location which can impact premiums noticeably.

Rate comparison for different deductibles

A question often asked by Lincoln drivers is where should you set your physical damage deductibles. The rates below lay out the premium difference between low and high coverage deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Chevrolet Malibu insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $258 $466 $300 $18 $90 $1,157 $96
Malibu Hybrid $258 $466 $300 $18 $90 $1,157 $96
Malibu LT $292 $466 $300 $18 $90 $1,191 $99
Malibu LTZ $292 $548 $300 $18 $90 $1,273 $106
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Chevrolet Malibu insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $144 $246 $300 $18 $90 $798 $67
Malibu Hybrid $144 $246 $300 $18 $90 $798 $67
Malibu LT $162 $246 $300 $18 $90 $816 $68
Malibu LTZ $162 $290 $300 $18 $90 $860 $72
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rate information does not factor in specific Lincoln garaging location which can affect coverage rates substantially.

Based on the figures above, using a $100 deductible could cost the average driver approximately $30 more each month or $360 every year than selecting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 30 months between claim filings, you would probably come out ahead going with the higher deductible. The numbers below show how you can make this decision for your own policy.

Average monthly premium for $100 deductibles: $99
Average monthly premium for $1,000 deductibles (subtract): - $69
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

One big caveat is that a higher deductible level means you will have to pay more out-of-pocket at claim time. You need some non-essential savings in the event you need to pay more to get your vehicle repaired.

Difference between liability only and full coverage rates

The chart below compares Chevy Malibu auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Nebraska. The data is based on no claims or driving citations, $250 deductibles, drivers are not married, and no policy discounts are applied.

Are you wasting money paying for full coverage?

There is no set rule that works best for making the decision to drop full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let's assume your Chevy Malibu replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after you pay the deductible. If you are paying more than $400 annually for your policy with full coverage, then you may need to consider dropping full coverage.

There are a few situations where eliminating full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Insurance Premium Influencing Factors

Multiple criteria are considered when you get a price on insurance. Most are fairly basic such as traffic violations, but some are less obvious like your vehicle usage or your financial responsibility. An important part of buying insurance is that you know the different types of things that play a part in calculating your policy premiums. If you know what determines premiums, this enables informed choices that may reward you with much lower annual insurance costs.

Credit score impacts costs - Having a good credit rating can be a huge factor in determining what you pay. People that have excellent credit scores tend to be less risk to insure as compared to drivers with lower credit ratings. If your credit rating is low, you could be paying less to insure your Chevrolet Malibu by spending a little time repairing your credit.

Allowing your coverage to lapse raises rates - Not having insurance is illegal and companies may charge more for letting your insurance expire. Not only will you pay more, being ticketed for driving with no insurance could earn you a hefty fine and possibly a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Nebraska motor vehicle department.

Better drivers pay the best costs - Having a clean driving record can have a huge impact on auto insurance premiums. Even a single ticket may cause rates to rise by as much as thirty percent. Drivers with clean records have lower premiums than their less careful counterparts. Drivers who have received careless citations like reckless driving, hit and run or driving under the influence may be required to complete a SR-22 to the state department of motor vehicles in order to legally drive.

The example below demonstrates how citations and fender-benders drive up Chevy Malibu auto insurance costs for different age groups. The rates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Liability coverage claims can be big - The liability coverage on your policy will provide protection if ever you are ruled to be at fault for personal injury or accident damage. It provides you with a defense in court to defend your case. It is affordable coverage compared to other policy coverages, so do not skimp.

Insurance loss statistics a Chevy Malibu - Companies analyze past claim statistics when they set coverage costs for each model. Models that the data determines to have increased losses will have higher rates for specific coverages.

The table below outlines the actual insurance loss data for Chevy Malibu vehicles. For each coverage category, the claim amount for all vehicles, as an average, is set at 100. Numbers under 100 indicate better than average losses, while numbers above 100 indicate more frequent claims or an increased likelihood of larger losses.

Car Insurance Loss Data for Chevrolet Malibu Models
Vehicle 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

Lincoln insurance discounts

Auto insurance companies don't list every discount very clearly, so the list below gives a summary of both well-publicized and also the lesser-known credits that you can use to lower your rates.Save money with discounts

  • Air Bags and Passive Restraints - Factory options such as air bags or automatic seat belts can receive discounts up to 30%.
  • Multiple Policy Discount - If you can combine your home and auto policy with the same insurance company you will save up to 20% off your total Malibu insurance premium.
  • Discount for Home Ownership - Owning a house in Lincoln can save a few bucks since owning and maintaining a home requires personal responsibility.
  • Defensive Driver Discounts - Passing a class that teaches defensive driving techniques could cut 5% off your bill and easily recoup the cost of the course.
  • Discounts for Federal Employees - Having worked for a branch of the government could qualify for a slight premium decrease with certain companies.
  • Military Rewards - Being on active duty in the military could be rewarded with lower prices.
  • Pay Upfront and Save - By making one initial payment rather than spreading payments over time you can actually save on your bill.
  • Safe Driver Discounts - Drivers who don't get into accidents may save up to 50% more than drivers with accidents.

We need to note that most discounts do not apply to the entire cost. Most only cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies don't profit that way.

The diagram below compares Chevy Malibu insurance rates with and without discounts. The data is based on a female driver, a clean driving record, no claims, Nebraska state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, claim-free, safe-driver, and multi-policy discounts applied.

Insurance companies that may offer some of the above discounts include:

When quoting, ask every company how many discounts you can get. Some discounts may not be available in Lincoln. To find insurance companies that offer some of these discounts in Nebraska, click here to view.

Get rate quotes but buy from a local Lincoln insurance agency

Certain consumers prefer to sit down and talk to an agent and that is OK! Licensed agents can point out coverage gaps and help submit paperwork. A good thing about getting free rate quotes online is that you can obtain lower prices and still buy from a local agent. Buying insurance from local insurance agencies is still important in Lincoln.

Insurance agents in LincolnTo find an agent, once you fill out this form (opens in new window), the coverage information is emailed to agents in your area who want to provide quotes for your insurance coverage. There is no need to contact any insurance agencies due to the fact that quote results will go to you. If you want to compare rates for a specific company, don't hesitate to navigate to their website to submit a rate quote request.

If you want to buy insurance from a local Lincoln insurance agent, you should know the types of agencies and how they can service your needs differently. Agencies in Lincoln can either be independent agents or exclusive agents depending on their employer. Both can insure your vehicles properly, but it's important to point out the subtle differences since it could factor into which type of agent you select.

Independent Insurance Agents

These type of agents can sell policies from many different companies so they can insure your vehicles with any number of different companies enabling the ability to shop coverage around. To move your coverage to a new company, they simply switch companies in-house which makes it simple for you.

If you are trying to find cheaper rates, you definitely need to include at a minimum one independent agency to get the best comparison. They often place coverage with companies you've never heard of who may have lower rates.

Listed below are independent agents in Lincoln that can give you comparison quotes.

More Lincoln agents

Exclusive Insurance Agents

Exclusive agents can only place business with one company such as Farmers Insurance, Allstate, or State Farm. They generally cannot place coverage with different providers so you need to shop around if the rates are high. These agents are well trained on their company's products and that enables them to sell even at higher rates. Consumers sometimes purchase coverage from exclusives partially due to the brand legacy and the convenience of having a single billing for all their coverages.

Shown below are exclusive insurance agencies in Lincoln that are able to give rate quotes.

More Lincoln agents

Picking a insurance agency needs to be determined by more than just a cheap price quote. Ask your prospective agent these questions:

  • Do they write coverage based solely on cost?
  • Is auto insurance their primary focus in Lincoln?
  • Will high miles depreciate repair valuations?
  • Are they paid to recommend certain coverages?
  • How long has the business existed?
  • What will you get paid if your car is a total loss? How is that amount determined?

If you receive acceptable answers to any questions you have as well as a affordable price, you may have found an insurance agency that is a good match to service your policy. Just keep in mind consumers can terminate coverage at any time so never assume that you're stuck with your new company for a certain time period.

What is the best car insurance company in Nebraska?

Selecting a high-quality company can be challenging considering how many companies sell coverage in Lincoln. The company ratings listed below could help you choose which car insurance providers you want to consider comparing price quotes from.

Top 10 Lincoln Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Nationwide - A+
  6. Esurance - A+
  7. The Hartford - A+
  8. Progressive - A+
  9. Allstate - A+
  10. The General - A-

Top 10 Lincoln Car Insurance Companies Ranked by Customer Service

  1. State Farm
  2. Nationwide
  3. Safeco Insurance
  4. American Family
  5. Travelers
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. The Hartford
  10. Farmers Insurance

Compare. Compare. Compare.

Budget-conscious Chevy Malibu insurance is possible from both online companies and also from your neighborhood Lincoln agents, so you should compare both so you have a total pricing picture. Some car insurance companies may not have internet price quotes and most of the time these smaller companies only sell coverage through independent agents.

Drivers leave their current company for many reasons like being labeled a high risk driver, delays in paying claims, extreme rates for teen drivers and high rates after DUI convictions. No matter why you want to switch, finding a new car insurance company can be easier than you think.

As you shop your coverage around, don't be tempted to reduce coverage to reduce premium. There are a lot of situations where an insured dropped liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your aim should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

How to find discount Chevy Malibu insurance in Lincoln

If you want to save the most money, the best way to get the cheapest Chevy Malibu insurance in Lincoln is to start comparing prices yearly from insurance carriers who sell insurance in Nebraska. Price quotes can be compared by following these steps.

  1. Try to comprehend how companies price auto insurance and the changes you can make to prevent expensive coverage. Many policy risk factors that are responsible for high rates such as speeding tickets, careless driving and an imperfect credit history can be amended by making minor changes in your lifestyle.
  2. Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agents can provide prices for many different companies. View prices
  3. Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find a better price, make sure coverage does not lapse between policies.
  4. Give notification to your agent or company to cancel the current policy and submit a down payment and signed policy application to the newly selected company. Be sure to put the proof of insurance certificate along with your vehicle registration.

A valuable tip to remember is to make sure you enter the same amount of coverage on every quote and and to get price estimates from as many companies as feasibly possible. This enables a fair rate comparison and a complete selection of prices.

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