Buying competitive coverage for a Chevrolet Malibu in Texas relies on a complicated formula that considers factors such as when you were born, your credit score, and your choice of physical damage deductibles. Texas drivers pay around $928 annually for Malibu insurance, but that cost is a valuation based upon a 50-year-old married female driver with full coverage and $250 deductibles.
There’s a good chance you are not 50 years old and maybe not even female, single instead of married, or maybe you prefer to not insure for full coverage. This example demonstrates why the best way to find cheap insurance prices for your Chevrolet is to do a thorough rate comparison. Rate quotes are easy and you will be able to compare rates from top-rated companies that insure vehicles in Texas.
Find Cheaper Chevrolet Malibu Insurance
The trim level of your Malibu tends to have a direct impact on the yearly cost, so the price to insure a Malibu LS model will be $104 cheaper than the price to insure the more well-appointed Malibu LTZ model, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Malibu LS | $226 | $412 | $358 | $22 | $108 | $1,126 | $94 |
| Malibu Hybrid | $226 | $412 | $358 | $22 | $108 | $1,126 | $94 |
| Malibu LT | $256 | $412 | $358 | $22 | $108 | $1,156 | $96 |
| Malibu LTZ | $256 | $486 | $358 | $22 | $108 | $1,230 | $103 |
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Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium amounts do not factor in specific garaging location which can revise price quotes greatly.
Figuring out which company offers the most affordable auto insurance rates for a Chevrolet Malibu requires a little more work in order to find the lowest price quote. Every insurance company uses a different method to set premium rates, so we will examine the lowest cost auto insurance companies in Corpus Christi.
It’s a good idea to know that Texas auto insurance rates are calculated based on many things which can significantly increase or decrease the price you pay. Improving your credit score, moving across town, or getting into an accident can cause premium changes that may make certain companies more affordable than the competition.
Find the Best Cheap Insurance for Your Malibu
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,095 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,256 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,438 |
| 7 | Mercury | $1,506 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,667 |
| 13 | Amica | $1,757 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,227 |
| 17 | Unitrin | $2,241 |
| 18 | Encompass | $2,324 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,568 |
| Quote Your Rates Go | ||
Travelers quotes some of the best car insurance rates in Corpus Christi at around $1,041 per year. This is $863 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheaper Corpus Christi, TX auto insurance companies.
As the example above demonstrates, if you currently buy coverage from Germania Mutual and switched to Travelers, you might realize an annual savings of upwards of $215. Insureds with Esurance might save as much as $366 a year, and California Casualty policyholders might see rate reductions of $397 a year.
To see how much you can save, click here or visit any of the low-priced companies below.
Be aware that those premiums are averaged across all drivers and vehicles in Texas and are not factoring in a vehicle location for a Chevrolet Malibu. So the company that is best suited for you may not even be in the top 23 companies shown above. That’s why you need to get quotes using your own driver and vehicle profiles.
Insurance rate increases from tickets or accidents
The obvious way to find the best auto insurance prices in Corpus Christi for a Malibu is to drive attentively and not get tickets or have accidents. The chart below demonstrates how traffic citations and at-fault claims drive up insurance prices for each different age group. The rates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of a car insurance policy in Corpus Christi per year with no accidents or violations is $2,589. Factor in one speeding ticket and the average cost hikes up to $2,915, an increase of $326 each year. Now add in one accident along with the one speeding ticket and the 12-month cost of auto insurance for a Chevrolet Malibu goes up to an average of $3,841. That’s an increase of $1,252, or $104 per month, just for not paying attention while driving!
Discount Corpus Christi car insurance rates
Car insurance companies that offer quotes for a Chevrolet Malibu may additionally offer discounts that could reduce prices by 35% or more if you meet certain criteria. A few popular companies and their offered discounts can be read below.
- Esurance may offer discounts for good driver, defensive driver, safety device, DriveSense, and paid-in-full.
- The Hartford discounts include driver training, defensive driver, anti-theft, good student, and air bag.
- AAA includes discounts for anti-theft, multi-policy, education and occupation, good driver, good student, and AAA membership discount.
- GEICO offers discounts for good student, defensive driver, membership and employees, air bags, federal employee, multi-vehicle, and seat belt use.
- State Farm has discounts for good driver, passive restraint, driver’s education, accident-free, student away at school, and defensive driving training.
The chart below visualizes the comparison of car insurance costs with and without discounts applied. The information is based on a male driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, accident-free, homeowner, passive restraint, claim-free, and marriage discounts applied. When discounts are factored in, the average savings per year on auto insurance for a Chevrolet Malibu is 28% or $657.
The importance of shopping around for Malibu insurance
Texas auto insurance rates are calculated based on many things that control the policy premium. Improving your credit score, moving to a new city, or getting a driving violation can trigger price changes resulting in some rates now being cheaper than before.
Also, insurance companies amend premium rates multiple times each year to reflect underwriting profits or losses. A period of higher than normal claims can result in rate increases, while lower claim levels can cause lower-cost Malibu insurance rates.
To illustrate this example, the graph below shows the companies that have the cheapest car insurance in Corpus Christi, TX for a 30-year-old female driver with no accidents, a clean driving record, and solid credit. When comparing rates based on her current rating profile, Travelers offers the most affordable car insurance rates in Corpus Christi at $1,134 per year. This is $770 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the top five cheapest Corpus Christi, TX auto insurance companies.
Now we will give the driver from the above example an at-fault accident, bad credit, and a traffic citation. Since every car insurance company uses their own formula to determine rates, getting updated rate quotes may now show a different list of the cheapest Corpus Christi car insurance companies as shown below.
Mercury now has the cheapest car insurance in Corpus Christi with State Farm, Safe Auto, Nationwide, and USAA now being in the top five. This example illustrates why consumers need to take the time to compare as many rates as possible when trying to get the cheapest car insurance quotes for a Chevrolet Malibu. Car insurance prices can be altered by many factors and can increase or decrease at any time, so the cheapest option six months ago may now be an over-priced policy.
How to find low-cost insurance for a Chevrolet Malibu
It’s not impossible to find cheaper rates, and here are some penny-pinching ideas that can help you quote cheaper auto insurance.
- Higher credit scores can equal lower rates
- Be a safe driver
- Safer vehicles generally have cheaper insurance rates
- Being accident-free can lower rates significantly
- Earn a discount by not filing claims
- Shop around once a year for cheaper rates
That last tip is remarkably necessary, as was pointed out in the article above. Prices charged by car insurance companies in Corpus Christi vary considerably, so don’t be hesitant to buy a policy from a new company if a better deal can be had.
Staying with the same car insurance company is fine, but we do not recommend it if that inflexibility results in costing you thousands of dollars over the life of your policy. It only take a few minutes to compare prices to find cheaper auto insurance for a Chevrolet Malibu.