How to Compare Fort Worth Chevy Malibu Insurance

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Insurance rates Chevy Malibu in Fort WorthIf you're shopping for lower-cost insurance on the web, are you intimidated by the sheer number of car insurance choices in Fort Worth? Many other drivers are as well. People have so many choices to choose from that it can turn into a lot of work to find lower rates on Chevy Malibu insurance. Fort Worth is a wonderful place to live, but expensive car insurance makes it very hard to afford good insurance coverage.

How to buy lower priced Chevy Malibu insurance in Fort Worth

The easiest way to quote cheaper Chevy Malibu insurance is to make a habit of comparing prices annually from insurance carriers in Fort Worth.

  1. Read about the coverage provided by your policy and the factors you can control to prevent rate increases. Many factors that cause high rates such as multiple speeding tickets and a negative credit rating can be eliminated by improving your driving habits or financial responsibility. Continue reading for more ideas to find cheap prices and find overlooked discounts.
  2. Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can quote prices for many different companies. Click to view companies
  3. Compare the new rate quotes to your current policy and determine if cheaper Malibu coverage is available in Fort Worth. If you can save some money and change companies, ensure coverage does not lapse between policies.

A tip to remember is to make sure you're comparing the same liability limits and deductibles on every price quote and and to compare as many different insurance providers as possible. Doing this provides a fair rate comparison and and a good selection of different prices.

We don't have to point out that fact that car insurance companies don't want you to look for cheaper rates. People who compare other rates are very likely to switch to a new company because there is a great chance of finding lower rate quotes. A recent survey found that people who regularly compared price quotes saved over $850 each year as compared to drivers who never shopped around for cheaper prices.

If finding the lowest price on Chevy Malibu insurance is your objective, learning how to find companies and compare insurance can make it easier for you to save money.

Smart consumers take time to shop coverage around once or twice a year due to the fact that insurance prices are usually higher with each renewal. If you had the lowest quotes on Chevy Malibu insurance in Fort Worth last year the chances are good that you can find a lower rate today. Block out anything you think you know about car insurance because I'm going to let you in on the secrets to the only way to find the best coverage while lowering your premiums.

When shopping for Chevy Malibu insurance in Fort Worth there are multiple ways of comparing rates from different Fort Worth insurance companies. The easiest way by far to find competitive Chevy Malibu insurance rates is to perform an online rate comparison.

When quoting insurance, remember that comparing more rates from different companies increases the chance that you will find a better price. Not every company does online rate quotes, so it's recommended that you also compare price quotes from them as well.

The auto insurance companies shown below provide price quotes in Texas. If more than one company is shown, it's a good idea that you visit several of them to get the cheapest price.

Why you need car insurance

Even though it can be expensive, car insurance may be required for several reasons.

  • Almost all states have minimum liability requirements which means you are required to carry specific minimum amounts of liability insurance coverage in order to drive the car. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you bought your Chevy with a loan, almost all lenders will stipulate that you carry insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank will be required to insure your Chevy for a lot more money and force you to pay the higher premium.
  • Insurance protects not only your vehicle but also your assets. It will also provide coverage for medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you cause an accident and are sued. If damage is caused by hail or an accident, your car insurance policy will pay to have it repaired.

The benefits of buying car insurance are definitely more than the cost, especially with large liability claims. The average driver in Texas overpays as much as $865 each year so it's very important to do a rate comparison each time the policy renews to save money.

Rates and information analytics

The coverage table displayed next showcases different prices for Chevy Malibu models. Having a better understanding of how insurance prices are determined can assist in making decisions when shopping your coverage around.

Chevrolet Malibu Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $254 $486 $400 $24 $120 $1,284 $107
Malibu Hybrid $254 $486 $400 $24 $120 $1,284 $107
Malibu LT $286 $486 $400 $24 $120 $1,316 $110
Malibu LTZ $286 $572 $400 $24 $120 $1,402 $117
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rates do not factor in zip code location which can lower or raise auto insurance rates substantially.

Where to set your deductibles

When comparing car insurance rates, the most common question is how high or low should comp and collision deductibles be. The following insurance rates may aid in understanding the rate difference between low and high physical damage deductibles. The first rate table uses a $250 deductible and the second set of rates uses a $500 deductible.

Chevrolet Malibu insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $294 $496 $382 $22 $114 $1,333 $111
Malibu Hybrid $294 $496 $382 $22 $114 $1,333 $111
Malibu LT $332 $496 $382 $22 $114 $1,371 $114
Malibu LTZ $332 $584 $382 $22 $114 $1,459 $122
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Chevrolet Malibu insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $240 $400 $382 $22 $114 $1,158 $97
Malibu Hybrid $240 $400 $382 $22 $114 $1,158 $97
Malibu LT $270 $400 $382 $22 $114 $1,188 $99
Malibu LTZ $270 $472 $382 $22 $114 $1,260 $105
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Estimates do not factor in Fort Worth location which can influence prices noticeably.

Based on the figures above, using a $250 deductible costs approximately $15 more each month or $180 a year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 17 months between claim filings, you would come out ahead if you opt for a higher deductible.

Impact of violations and accidents on rates in Fort Worth

The chart below demonstrates how traffic citations and at-fault accidents drive up Chevy Malibu insurance premiums for different age groups. The premiums are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are applied.

Comparison of full coverage and liability-only policies

The example below visualizes the comparison of Chevy Malibu insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no definitive guideline of when to drop comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it's probably a good time to buy liability coverage only.

For example, let's say your Chevy Malibu replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after the deductible is paid. If it's costing in excess of $200 a year to have full coverage, then you might want to think about dropping full coverage.

There are some situations where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage.

Get cheaper Chevy Malibu insurance rates in Fort Worth

Car insurance is not cheap, but you might find some hidden discounts to help bring down the price. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be manually applied prior to getting the savings. If you're not getting every credit you qualify for, you are not getting the best rate possible.Car insurance discounts

  • Discount for Life Insurance - Larger companies have a lower price if you buy a life policy as well.
  • No Charge for an Accident - This isn't a discount exactly, but companies like GEICO, State Farm, and Progressive will turn a blind eye to one accident without getting socked with a rate hike so long as you haven't had any claims for a set time period.
  • Anti-lock Brake System - Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Telematics Data Discounts - Drivers that enable their insurance company to track driving patterns by using a telematics device such as Progressive's Snapshot and State Farm's In-Drive could possibly reduce rates if they have good driving habits.
  • Policy Bundle Discount - If you have multiple policies with the same company they may give you a discount of approximately 10% to 15%.
  • Senior Citizen Discount - Seniors are able to get better car insurance rates.
  • Discount for Passive Restraints - Cars that have air bags and/or automatic seat belt systems can get savings of up to 25% or more.

One thing to note about discounts is that most credits do not apply to the whole policy. Most cut the price of certain insurance coverages like comp or med pay. So even though it sounds like you can get free auto insurance, you aren't that lucky.

The diagram below shows the comparison of Chevy Malibu auto insurance costs with and without policy discounts. The premiums assume a female driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, multi-car, multi-policy, and safe-driver discounts applied.

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

  • GEICO offers discounts for anti-theft, defensive driver, military active duty, driver training, and good student.
  • SAFECO policyholders can earn discounts including teen safety rewards, anti-theft, multi-car, teen safe driver, anti-lock brakes, drive less, and safe driver.
  • State Farm discounts include anti-theft, good driver, multiple policy, multiple autos, driver's education, good student, and passive restraint.
  • MetLife offers premium reductions for defensive driver, good driver, claim-free, good student, accident-free, and multi-policy.
  • 21st Century offers discounts including student driver, defensive driver, anti-lock brakes, 55 and older, early bird, and air bags.
  • Progressive may include discounts for homeowner, multi-policy, multi-vehicle, online signing, good student, online quote discount, and continuous coverage.

If you need inexpensive Fort Worth car insurance quotes, ask all companies you are considering which discounts can lower your rates. Some discounts listed above may not apply in Fort Worth.

Buying auto insurance from Fort Worth insurance agents

A lot of people just want to have an agent's advice. One of the benefits of comparing insurance prices online is that you can find better rates and also buy local. Buying from small agencies is still important in Fort Worth.

Fort Worth insurance agentsUpon completion of this form (opens in new window), the coverage information is transmitted to local insurance agents in Fort Worth that can provide free Fort Worth car insurance quotes for your insurance coverage. There is no need to leave your house because prices are sent straight to your inbox. Get lower rates without requiring a lot of work. If for some reason you want to compare prices from one company in particular, just search and find their rate quote page and fill out their quote form.

Pick the best auto insurance agent in Fort Worth for you

When looking for a reliable agent, you must know there are a couple different types of agents and how they function. Fort Worth agents are categorized either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agents (or Brokers)

Agents that choose to be independent are not restricted to one company so they can insure your vehicles through lots of different companies depending on which coverage is best. If your agent finds better pricing, they simply move your policy to a different company and you stay with the same agent.

When comparison shopping, you absolutely need to compare quotes from several independent agencies to ensure the widest selection of prices. A lot of them also have access to mutual insurance companies which can save you money.

Listed below is a short list of independent insurance agents in Fort Worth who can help you get pricing information.

View more Fort Worth agents

Exclusive Auto Insurance Agents

Agents that choose to be exclusive can only quote rates from one company and examples are State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot provide rate quotes from other companies so always compare other rates. These agents receive extensive training on what they offer which can be an advantage. Consumers sometimes purchase coverage from exclusives mainly due to high brand loyalty rather than low rates.

The following is a short list of exclusive insurance agencies in Fort Worth willing to provide price quotes.

View more Fort Worth agents

Deciding on a car insurance agent is decision based upon more than just a cheap price. Here are some questions you might want to ask.

  • Is there any savings for paying the full premium?
  • Is there a 24/7 contact number?
  • Is the agency active in community causes in Fort Worth?
  • Is insurance their full-time profession?
  • Does the agent help file claims?
  • Where are claims handled?
  • Do they make recommendations based only on price?
  • What company do they have the most business with?

Persistence is the key to affordable rates

We've covered many ways to shop for Chevy Malibu insurance online. The key concept to understand is the more providers you compare, the better chance you'll have of finding affordable Chevrolet Malibu insurance quotes. Consumers may even find the best price on insurance is with an unexpected company.

Drivers who switch companies do it for any number of reasons including not issuing a premium refund, delays in paying claims, high prices and even delays in responding to claim requests. Regardless of your reason, switching insurance companies can be less work than you think.

When getting Fort Worth car insurance quotes online, it's a bad idea to buy less coverage just to save a little money. There are a lot of situations where someone dropped collision coverage and found out when filing a claim they didn't have enough coverage. The goal is to find the BEST coverage for the lowest price but still have enough coverage for asset protection.

Steps to finding cheaper Chevy Malibu insurance in Fort Worth

If saving money is your primary concern, then the best way to find the cheapest price for Chevy Malibu insurance in Fort Worth is to regularly compare prices from providers in Texas.

Step 1: Get an understanding of how insurance companies determine prices and the things you can control to prevent rate increases. Many risk factors that cause rate increases like traffic citations, accidents, and an imperfect credit history can be controlled by making minor changes to your lifestyle.

Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like Progressive and State Farm, while agents who are independent can provide rate quotes for many different companies. Click to view companies

Step 3: Compare the quotes to your existing policy to see if a cheaper price is available. If you find a better price and decide to switch, make sure coverage does not lapse between policies.

Step 4: Provide notification to your current company to cancel your existing policy. Submit the signed application along with the required initial payment to your new agent or company. Be sure to place your new certificate of insurance with the vehicle registration.

One key aspect of rate comparisons is to compare the same physical damage deductibles and liability limits on every quote request and and to get prices from as many companies as possible. Doing this provides a fair price comparison and a thorough selection of prices.

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