Finding cheap coverage for a Chevrolet Malibu depends on a lot of things such as the mileage of your daily commute, where your vehicle is garaged, and blemishes on your driving record. Drivers pay around $1,182 a year for Malibu insurance, but that is an estimate based upon a 30-year-old married male driver with full coverage and $250 deductibles.
There’s a high likelihood you are not 30 years old and maybe not even male, you might be single instead of married, or you just prefer to insure for liability only. Auto insurance is not the same for everyone, so the best method for finding cheap car insurance rates for your Chevrolet is to do the rate comparisons yourself.
The trim level of your vehicle will likely have an effect on the cost of coverage, so the rate you pay to insure a Malibu LS trim level will be $138 cheaper than the price to insure the more expensive Malibu LTZ model, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Malibu LS | $322 | $544 | $418 | $24 | $124 | $1,432 | $119 |
| Malibu Hybrid | $322 | $544 | $418 | $24 | $124 | $1,432 | $119 |
| Malibu LT | $364 | $544 | $418 | $24 | $124 | $1,474 | $123 |
| Malibu LTZ | $364 | $640 | $418 | $24 | $124 | $1,570 | $131 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Table data does not factor in your specific Miami location which can decrease or increase premium rates significantly.
Determining which company has the lowest-priced insurance rates for a Chevrolet Malibu requires more time than just getting one or two price quotes. Every insurance company has a proprietary method for setting rates, so we’ll go over the most affordable insurance companies in Miami, FL.
Best Car Insurance Prices for Your Malibu
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Amica | $1,694 |
| 3 | Electric | $1,712 |
| 4 | Progressive | $1,793 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,933 |
| 7 | Allied | $1,945 |
| 8 | Esurance | $2,040 |
| 9 | Auto-Owners | $2,107 |
| 10 | GEICO | $2,108 |
| 11 | State Farm | $2,131 |
| 12 | Allstate | $2,388 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $3,016 |
| 17 | Hanover | $3,024 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $3,902 |
| Get a Custom Quote Go | ||
USAA normally has some of the lowest car insurance rates in Miami at around $977 per year. This is $1,471 less than the average policy premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers also are some of the lowest-priced Miami, FL insurance companies.
As shown above, if you are currently insured with Travelers and switched to Amica, you could realize yearly savings of approximately $175. Florida drivers with Mercury may save as much as $239 a year, and Allied insureds might lower prices by $251 a year.
If you want to find out if you’re overpaying, click here to start a quote or visit any of the low-priced companies below.
Be aware that those policy prices are averages for all drivers and vehicles and and are not figured with a specific zip code for a Chevrolet Malibu. So the company that is most affordable for your situation may not even be in the top 21 companies in the list above. That’s why you need to compare as many prices as possible using your own individual information.
Careless driving habits raise Miami insurance rates
In a perfect world, the best way to earn good insurance premiums for a Malibu is to drive safely and avoid traffic citations and accidents. The diagram below illustrates how violations and at-fault collisions can affect annual premium costs for each age group. The costs are based on a married male driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of car insurance per year with no violations or accidents is $1,880. Factor in two speeding tickets and the average cost rises to $2,587, an increase of $707 each year. Now get one accident along with the two speeding tickets and the annual cost of insurance for a Chevrolet Malibu goes up to an average of $3,308. That’s an increase of $1,428, or $119 per month, just for not driving responsibly!
Comparing rates on Malibu insurance can save you money
Florida insurance rates are influenced by many factors that may substantially change the price you have to pay. Simply turning a year older, moving across town, or getting a couple of tickets may prompt premium changes resulting in some companies being more affordable than competitors. In addition to those changes, auto insurance companies amend premium rates at least once a year in order to offset underwriting gains or losses. Heavier than normal losses may result in additional price hikes, while a better loss history can result in cheaper Malibu insurance rates.
To illustrate this example, the graph below shows the company with the cheapest car insurance in Miami, FL for a 45-year-old male driver with a clean driving record, no accidents, and great credit. Based on his current rating profile, USAA has the cheapest car insurance rates in Miami at $1,829 a year. This is $619 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Mercury also make the list of the most affordable Miami, FL auto insurance companies.
The chart below compares rates after we give the driver in the first chart a chargeable accident, bad credit, and a few blemishes on his driving record. Since each company has a proprietary formula for filing rates in each state, comparing rates may now show a different list of the cheapest Miami car insurance companies as shown below.
USAA now has the lowest price on auto insurance in Miami, FL with Travelers, Esurance, Auto-Owners, and State Farm also being competitive. This demonstrates why it is critical to compare many different companies to get the best insurance rates for a Chevrolet Malibu.
Rates consist of many risk factors and change dramatically, so the best price the last time you checked may now not even be in the top five.
If you have questions and prefer to have a consultation when buying car insurance for a Malibu, the agents shown below can most likely answer your questions and help you decide which car insurance company is the best fit.
To find an agent nearest to you, click the button at the bottom.
GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911
JVS Insurance Agency
9600 SW 8th St #27 – Miami, FL 33174 – (305) 552-5250
Tadeo Insurance Agency, Inc.
9120 SW 40th St – Miami, FL 33165 – (305) 553-1760
Miami Auto Insurance Agency
3132 NW 7th St – Miami, FL 33125 – (305) 649-1800
Avante Insurance Agency
7490 W Flagler St – Miami, FL 33144 – (305) 648-7070
More insurance agents in Miami, FL
How to find budget-friendly car insurance for a Chevrolet Malibu
The list below details some penny-pinching ideas that can help Florida drivers quote lower-cost coverage.
- Increase deductibles to save money
- Higher credit ratings may save you money
- Keep your driving record clean
- Buy a safer vehicle
- Avoid having at-fault accidents
- Compare rate quotes frequently
That final tip is very significant, as we noted in the article above. Prices charged by auto insurers adjust often, so don’t be afraid to buy a different policy if you find a better deal. Brand loyalty is great, but it’s not recommended if that loyalty ends up costing hundreds of dollars a year. In less than five minutes you could compare rates to find cheaper insurance for a Chevrolet Malibu in Miami.