Compare Chevy Malibu Insurance Quotes in Honolulu

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Insurance quote for Chevy Malibu in HonoluluStatistics show that almost 70% of drivers have remained with the same car insurance company for at least the last four years, and 38% of drivers have never even shopped around for affordable coverage. Hawaii drivers could save 40% every year by just comparing quotes, but they don't want to spend time to compare other rate quotes.

If you want to find the absolute lowest rates, then the best way to find discount Chevy Malibu insurance in Honolulu is to compare prices annually from insurance carriers who sell auto insurance in Hawaii.

  1. Try to learn about how companies set rates and the factors you can control to keep rates down. Many rating criteria that result in higher rates like at-fault accidents, careless driving, and poor credit can be controlled by making lifestyle changes or driving safer.
  2. Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like Progressive or Farmers Insurance, while independent agents can give you price quotes for many different companies.
  3. Compare the new rate quotes to the premium of your current policy to see if a cheaper price is available in Honolulu. If you find better rates and switch companies, ensure coverage does not lapse between policies.
  4. Give proper notification to your current agent or company of your decision to cancel your current car insurance policy and submit a completed policy application and payment to your new insurance company. Make sure you keep your new certificate of insurance in your glove compartment.

One tip to remember is to try to compare the same coverage limits and deductibles on every quote and and to get quotes from as many different companies as possible. This guarantees the most accurate price comparison and maximum price selection.

How Insurers Calculate Chevy Malibu Insurance Prices

Lots of factors are part of the calculation when you get a price on insurance. A few of the factors are predictable such as your driving history, but some are less apparent such as your credit history and annual miles driven. It's important that you understand some of the things that come into play when calculating your premiums. If you know what determines premiums, this allows you to make educated decisions that may result in lower premium levels.

Auto insurance rates and your occupation - Did you know that where you work can have an impact on rates? Occupational choices like doctors, architects, and accountants tend to pay higher rates than average attributed to high stress levels and lengthy work days. Other jobs like farmers, engineers and performers receive lower rates.

Five star NHTSA crash test rating saves money - Safe vehicles can get you lower premiums. Safer cars result in less severe injuries and fewer injuries means lower claim amounts which can mean better rates for you. If your Chevy Malibu is rated at least four stars on Safercar.gov or an "acceptable" rating on iihs.org it is probably cheaper to insure.

The type of car makes a difference - The type of car you need to insure makes a significant difference in the rate you pay. The lowest base rates will normally be found when insuring the lowest performance passenger cars, but that's not the only thing that factors into the final price.

The following chart is based on a single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. It shows Chevrolet Malibu car insurance rates compared to other models that have different performances.

Responsible drivers pay lower premiums - Even one driving citation can increase rates to the point where it's not affordable. Drivers with clean records get better rates than bad drivers. Drivers who have gotten serious violations such as hit and run, DWI or reckless driving convictions may find that they have to to file a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.

The illustration below illustrates how violations and accident claims can raise Chevy Malibu premium costs for each age group. The data is based on a single female driver, full coverage, $100 deductibles, and no additional discounts are factored in.

Annual mileage impacts costs - The more you drive every year the more you'll pay to insure it. A lot of insurance companies apply a rate based on how the vehicle is used. Cars that are left in the garage get more affordable rates than those that get driven frequently. A policy that improperly rates your Malibu can cost quite a bit. Double check that your policy states the correct usage for each vehicle.

Bundle policies to earn discounts - Lots of companies will award lower prices for people that have more than one policy. It's known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you're getting this discount drivers will still want to check prices from other companies to verify if the discount is saving money.

Chevy Malibu claim statistics - Auto insurance companies use past loss statistics for each vehicle as a tool for profitable underwriting. Vehicles that tend to have higher frequency or amount of claims will have higher rates. The table below demonstrates the collected loss data for Chevy Malibu vehicles.

For each insurance policy coverage type, the statistical loss for all vehicles, as a total average, is equal to 100. Values that are under 100 represent a good loss history, while percentage numbers above 100 indicate more frequent losses or a tendency for claims to be larger.

Chevrolet Malibu Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

When shopping for Chevy Malibu insurance in Honolulu there are multiple ways of comparing rates from many available car insurance companies in Hawaii. The best way to comparison shop is to perform an online rate comparison.

Comparing rate quotes online is fast and free, and it takes the place of having to spend your day driving to each insurance agency near you. Doing it all online eliminates the need for an insurance agent unless you prefer the professional abilities of a local agency. However, consumers can find lower rates online and get advice from an agent in your area. Just keep in mind that comparing a large number of companies helps improve the odds of finding a lower rate than you're paying now.

The providers in the list below have been selected to offer quotes in Hawaii. If multiple providers are shown, we suggest you visit as many as you can in order to find the most competitive rates.

Facts and figures for Chevy Malibu insurance

The premium table displayed below outlines different insurance premium costs for Chevy Malibu models. Having a good grasp of how auto insurance prices are formulated helps drivers make informed decisions when comparing rate quotes.

Chevrolet Malibu Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $176 $338 $278 $16 $84 $892 $74
Malibu Hybrid $176 $338 $278 $16 $84 $892 $74
Malibu LT $198 $338 $278 $16 $84 $914 $76
Malibu LTZ $198 $398 $278 $16 $84 $974 $81
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Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Information does not factor in vehicle garaging location which can raise or lower coverage prices greatly.

Deductible comparison

One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The following insurance rates sum up the costs and benefits of buying low and high policy deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Chevrolet Malibu insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $228 $412 $264 $16 $80 $1,025 $85
Malibu Hybrid $228 $412 $264 $16 $80 $1,025 $85
Malibu LT $258 $412 $264 $16 $80 $1,055 $88
Malibu LTZ $258 $484 $264 $16 $80 $1,127 $94
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Chevrolet Malibu insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $126 $216 $264 $16 $80 $702 $59
Malibu Hybrid $126 $216 $264 $16 $80 $702 $59
Malibu LT $142 $216 $264 $16 $80 $718 $60
Malibu LTZ $142 $256 $264 $16 $80 $758 $63
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rates do not factor in specific location information which can decrease or increase coverage prices significantly.

Using the data above, we can ascertain that using a $100 deductible will cost you roughly $28 more each month or $336 for a full year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 32 months between claims, you would more than likely save some money by selecting a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $88
Average monthly premium for $1,000 deductibles (subtract): - $60
Monthly savings from raising deductible: $28
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 32 months

Difference between full coverage and liability only rates

The chart below shows the comparison of Chevy Malibu insurance premiums with liability coverage only compared to full coverage. The premiums assume no claims or driving violations, $500 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There is no definitive guideline of when to eliminate physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let's pretend your Chevy Malibu settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $7,000 after paying your deductible. If it's costing in excess of $700 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some conditions where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Auto insurance is an important decision

Despite the high cost, paying for auto insurance serves several important purposes.

  • The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability in order to drive the car legally. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your Chevy Malibu has a loan, most banks will make it a condition of the loan that you have full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may buy a policy for your Chevy at a significantly higher premium and require you to reimburse them the higher price.
  • Insurance safeguards your Chevy Malibu and your assets. It will also cover medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and collision coverage will cover the repair costs.

The benefits of insuring your Malibu are without a doubt worth the cost, especially if you ever need it. According to a 2015 survey, the average American driver overpays more than $865 each year so you should quote and compare rates once a year at a minimum to make sure the price is not too high.

Lower rates by qualifying for discounts

Companies that sell car insurance don't necessarily list every available discount in an easy-to-find place, so the next list breaks down a few of the more well known and the harder-to-find discounts that you can inquire about if you buy Honolulu car insurance online.Discount car insurance

  • Pay Early and Save - If paying your policy premium upfront as opposed to paying monthly you may have a lower total premium amount.
  • Accident Forgiveness Coverage - Not necessarily a discount, but a few companies such as Liberty Mutual, GEICO and Allstate allow you one accident without the usual rate increase if you are claim-free for a set time period.
  • Early Signing - Some larger companies give discounts for buying a policy prior to your current Malibu insurance policy expiring. It's a savings of about 10%.
  • Life Insurance Discount - If the company offers life insurance, you could get a small discount if you purchase a life policy as well.
  • Paperless Signup - A handful of car insurance companies will give you a small discount just for signing your application on your computer.
  • Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to enroll and complete driver's education as it will make them better drivers and lower rates.
  • Defensive Driving Course - Participating in a driver safety class could possibly earn you a 5% discount if your company offers it.

One last thing about discounts, most discount credits are not given to your bottom line cost. Most cut individual premiums such as medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, it's just not the way it works. Any qualifying discounts should help lower the cost of your policy.

The illustration below compares Chevy Malibu premium costs with and without discounts applied to the policy rates. The rates are based on a female driver, no violations or accidents, Hawaii state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, safe-driver, claim-free, and homeowner discounts applied.

Some of the insurance companies that may offer quotes with most of the discounts above include:

If you want affordable Chevrolet Malibu insurance quotes, ask every insurance company which discounts can lower your rates. Discounts might not be available to policyholders in your state.

Buying car insurance from Honolulu insurance agents

Many drivers prefer to sit down with an agent and that is recommended in a lot of cases A nice benefit of getting online price quotes is you can get better rates and also buy local.

Insurance agents in HonoluluTo help locate an agent, after submitting this form (opens in new window), your coverage information is sent to participating agents in Honolulu who will give you quotes to get your business. There is no reason to contact an agency because prices are sent immediately to your email address. You can find lower rates and an insurance agent to talk to. If you want to get a price quote from one company in particular, you just need to navigate to their website and give them your coverage information.

Choosing an company requires you to look at more than just a cheap price quote. These are some questions you should get answers to.

  • Did they already check your driving record and credit reports?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Do they have cheaper tiers of coverage?
  • Can you contact them at any time?
  • How often do they review policy coverages?

Shown below are agents in Honolulu willing to provide rate quotes for Chevy Malibu insurance in Honolulu.


1682 Kalakaua Ave #1 - Honolulu, HI 96826 - (808) 638-3673 - View Map


500 Ala Moana Blvd # 2303 - Honolulu, HI 96813 - (808) 534-7300 - View Map


1259 S Beretania St Ste 1 - Honolulu, HI 96814 - (808) 593-8844 - View Map


1580 Makaloa St #102 - Honolulu, HI 96814 - (808) 945-0802 - View Map

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Smart shoppers get results

In this article, we covered quite a bit of information on how to save on Chevy Malibu insurance in Honolulu. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even be surprised to find that the biggest savings come from a company that doesn't do a lot of advertising. Regional companies may have significantly lower premium rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.

Budget-friendly insurance in Honolulu can be sourced on the web as well as from insurance agents, so you need to quote Honolulu car insurance with both to have the best rate selection. A few companies don't offer online rate quotes and these smaller providers provide coverage only through independent agencies.

More detailed insurance information is available at these sites: