Discount Chevy Malibu insuranceAre you tired of trying to find low-cost Chevy Malibu insurance in Honolulu? Are you tired of scraping nickels together to insure your Chevy every month? You're in the same situation as many other Hawaii consumers.

Sad but true, nearly 70% of drivers kept their policy with the same company for a minimum of four years, and virtually 40% of consumers have never quoted insurance rates at all. Hawaii drivers could save an average of $360 each year, but they think it's difficult to compare rate quotes online. Lots of insurance companies contend for your insurance dollar, so it can be very hard to choose a insurer and get the definite cheapest price on Chevy Malibu insurance in Honolulu.

You need to compare rates once or twice a year because insurance prices tend to go up over time. Just because you had the best rates on Chevy Malibu insurance in Honolulu on your last policy you will most likely find a better premium rate today. There are lots of tips to save on Malibu insurance online but by reading this article, you're going to learn some tested techniques to lower your insurance premiums.

Low-cost Chevy insurance rate quotes in Honolulu

The companies shown below can provide price comparisons in Honolulu, HI. If multiple providers are shown, we suggest you visit several of them to find the most competitive auto insurance rates.

Chevrolet Malibu Insurance Estimates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $98 $184 $254 $16 $76 $628 $52
Malibu Hybrid $122 $212 $270 $16 $80 $700 $58
Malibu LT $214 $278 $346 $20 $104 $962 $80
Malibu LTZ $264 $406 $346 $20 $104 $1,140 $95
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate information does not factor in specific zip code location which can revise price quotes substantially.

Choosing deductibles

When buying car insurance, a common question is at what level do you set your deductibles. The data tables below can help illustrate the rate differences between low and high coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second set of prices uses a $500 deductible.

Chevrolet Malibu insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $204 $344 $264 $16 $80 $933 $78
Malibu Hybrid $204 $344 $264 $16 $80 $933 $78
Malibu LT $230 $344 $264 $16 $80 $959 $80
Malibu LTZ $230 $406 $264 $16 $80 $1,021 $85
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Chevrolet Malibu insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $166 $278 $264 $16 $80 $804 $67
Malibu Hybrid $166 $278 $264 $16 $80 $804 $67
Malibu LT $188 $278 $264 $16 $80 $826 $69
Malibu LTZ $188 $328 $264 $16 $80 $876 $73
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Prices do not factor in your specific Honolulu location which can influence premiums considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $11 more each month or $132 a year than opting for the higher $500 deductible. Since you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 23 months between claim filings, you would most likely save money if you choose a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $80
Average monthly premium for $500 deductibles (subtract): - $69
Monthly savings from raising deductible: $11
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

How Insurance Companies Determine Chevy Malibu Insurance Costs

Many factors are part of the equation when pricing auto insurance. Some are obvious such as your driving history, but other factors are not quite as obvious such as whether you are married and annual miles driven.

Where you reside can modify costs - Choosing to live in less populated areas is a good thing when insuring your vehicles. Urban drivers have to deal with much more traffic and longer commute times. Fewer drivers and short commutes means a lower chance of having an accident in addition to lower liability claims

Incidental coverages that aren't used - Insurance policies have a lot of extra coverages that you can buy if you aren't diligent. Insurance for things like vanishing deductibles, better glass coverage, and membership fees are probably not needed. These may sound like a good investment when you first buy your policy, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.

Men are more aggressive - Statistics demonstrate that females tend to be a little less risky than males. However, don't assume that men are WORSE drivers than women. They both cause accidents in similar numbers, but males tend to have more serious accidents. Not only that, but men also have more aggressive citations such as reckless driving. Males from age 16 to 21 are the most expensive to insure so it costs more to insure them.

Low comp and collision deductibles mean high prices - Comprehensive and collision coverage deductibles are the amount of money you are willing to pay if a claim is determined to be covered. Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your car. Some coverage claims are rearending another vehicle, hail damage, and damage caused by road hazards. The higher the amount you choose to pay out-of-pocket, the less money you will pay for insurance.

Safer vehicles save money - Vehicles with good safety scores can get you lower premiums. Safer cars result in less severe injuries and reduced instances of injuries means less claims paid and thus lower rates.

Insurance losses for a Chevy Malibu - Car insurance companies factor in insurance loss information to help calculate premium rates. Models that historically have increased losses will cost more for coverage. The table shown below demonstrates the insurance loss data used by companies for Chevy Malibu vehicles.

For each coverage type, the claim probability for all vehiclescombined as an average is considered to be 100. Values that are 100 or less suggest a positive loss record, while values over 100 point to more frequent losses or tendancy to have larger claims.

Insurance Loss Ratings for Chevrolet Malibu Vehicles

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120
BETTER
AVERAGE
WORSE

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

Get cheaper Chevy Malibu insurance in Honolulu with discounts

Insurance is not cheap nor is it fun to buy but there could be available discounts that many people don't even know exist. Larger premium reductions will be automatically applied when you complete an application, but a few need to be manually applied before you will receive the discount.Discount insurance

Discounts reduce rates, but you should keep in mind that many deductions do not apply to all coverage premiums. Most only apply to specific coverage prices like collision or personal injury protection. Just because you may think all those discounts means the company will pay you, company stockholders wouldn't be very happy. Any amount of discount will help lower the premium cost.

The best insurance companies and a selection of discounts are detailed below.

If you need lower rates, check with each company or agent to give you their best rates. Some credits might not be offered in Honolulu.

Compare rate quotes but work with a neighborhood Honolulu auto insurance agent

A small number of people just prefer to get professional advice from a licensed agent and often times that is recommended Professional insurance agents can help you choose the best coverages and will help you if you have claims. The best thing about getting online price quotes is you can get cheap rate quotes and still have a local agent. And buying from local agencies is important particularly in Honolulu.

Honolulu insurance agentsOnce you complete this simple form, the quote information is emailed to local insurance agents in Honolulu who will give you quotes and help you find cheaper coverage. You won't even need to leave your computer since price quotes are sent instantly to you. If you wish to get a price quote from a specific company, you just need to navigate to their website and complete a quote there.

Selecting an insurer needs to be determined by more than just the bottom line cost. Here are some questions you might want to ask.

After getting positive responses to your questions as well as offering an affordable quote, you've probably found a company that can be trusted to adequately provide car insurance. Just understand that once you purchase a policy you can terminate your policy whenever you want so never assume you are locked into a specific company for the full term.

Can you really save that much by switching?

Hawaii consumers constantly see and hear ads that claim the best prices from companies such as State Farm and Allstate. They all make the point that you can save if you just switch your coverage.

That's great but how can every company make the same claim?

Different companies can use profiling for the type of driver that will not have excessive claims. An example of a profitable insured might be described as between the ages of 30 and 50, has no driving citations, and drives a safe vehicle. Any new insured who fits that profile will get a cheap rate quote in Honolulu and will probably save a lot on Honolulu Chevy Malibu insurance if they switch.

Drivers who cannot meet these criteria may be required to pay a higher rate with the end result being the customer buying from a different company. The trick is to say "drivers that switch" but not "everyone who gets a quote" save that much money. This is how companies can make those statements.

Because every company is different, drivers should get as many free Honolulu auto insurance quotes as possible. It's impossible to know which insurance company will have the best Chevy Malibu insurance in Honolulu.

How much can you save?

Throughout this article, we presented a lot of information how to lower your Chevy Malibu insurance premium rates in Honolulu. The key concept to understand is the more quotes you get, the better likelihood of getting the cheapest Chevrolet Malibu rate quotes. You may even discover the best premium rates are with some of the lesser-known companies. Smaller companies may only write in your state and offer lower prices compared to the large companies like Progressive and GEICO.

Cheaper Chevy Malibu insurance in Honolulu can be bought on the web as well as from insurance agents, and you should be comparing both to have the best rate selection. There are still a few companies who may not provide price quotes online and many times these regional carriers work with local independent agents.

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