Save Money on Chevy Malibu Insurance in Buffalo

  1. Home
  2. >
  3. Buffalo Auto Insurance
  4. >
  5. Chevrolet Malibu

Chevy Malibu insurance policy
Chevy Malibu insurance policy image courtesy of QuoteInspector.com

Want to learn how to save money and find more affordable Chevy Malibu insurance in Buffalo? Are you regretting buying an overpriced insurance policy? You're preaching to the choir because there are many people just like you.

Insurance quote for Chevy Malibu in BuffaloWe don't have to tell you that auto insurance companies don't want policyholders to compare prices from other companies. Insureds who get price comparisons will probably switch companies because there are good odds of finding a more affordable policy. A recent study showed that drivers who shopped around saved on average $72 a month compared to policyholders who never shopped around for better prices.

If finding the cheapest price on auto insurance in Buffalo is your objective, then having some insight into the best way to compare insurance can help you be more efficient.

Steps to finding low-cost rates for Chevy Malibu insurance in Buffalo

The recommended way to get cheaper auto insurance rates in Buffalo is to compare prices regularly from different companies who sell insurance in New York.

  1. Get a basic knowledge of what is in your policy and the changes you can make to keep rates down. Many rating factors that cause rate increases such as traffic tickets, fender benders, and poor credit history can be amended by making minor changes to your lifestyle. This article provides information to help keep prices low and find available discounts that you may qualify for.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can provide prices from multiple insurance companies.
  3. Compare the new rate quotes to your existing coverage and see if there is a cheaper rate in Buffalo. If you find better rates and buy the policy, ensure there is no coverage lapse between policies.
  4. Notify your agent or company to cancel your existing policy. Submit payment and a signed application to the new insurer. Once the application is submitted, safely store the certificate verifying coverage with the vehicle registration.

One thing to remember is that you use similar coverage information on each quote request and and to analyze as many companies as you can. This enables a fair price comparison and a better comparison of the market.

Because you have many different company options, it can be challenging to find the most affordable company.

You need to get comparison quotes before your policy renews because prices are variable and change quite frequently. Even if you got the best deal on Chevy Malibu insurance in Buffalo last year other companies may now be cheaper. Ignore everything you know about insurance because you're about to find out the fastest way to find great coverage at a great price.

To find the cheapest Chevrolet Malibu rate quotes, there are several ways to compare quotes from companies that offer auto insurance in New York. The best way to find the lowest Chevy Malibu rates is to jump online and get quotes.

Getting free rates online is quite simple, and it replaces the need to spend your day driving to different Buffalo agent offices. The fact that you can get quotes online eliminates the middleman unless you prefer the professional advice that can only be provided by a licensed insurance agent. However, consumers can price shop online and get advice from an agent in your area. When quoting auto insurance, remember that quoting more helps you find a lower rate. Not every company does Buffalo Malibu insurance quotes over the internet, so it's important to compare quotes from them as well.

The providers in the list below offer free quotes in Buffalo, NY. If you wish to find the best cheap auto insurance in Buffalo, NY, we recommend you visit two to three different companies to get the most affordable price.

Choosing the best vehicle insurance in New York is an important decision

Despite the fact that insurance is not cheap in Buffalo, buying insurance serves an important purpose.

First, most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability coverage in order to be legal. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your Chevy Malibu, most lenders will force you to buy full coverage to guarantee loan repayment. If you default on your policy, the bank or lender will purchase a policy for your Chevy at a much higher rate and force you to pay a much higher amount than you were paying before.

Third, insurance protects not only your vehicle but also your assets. It will also cover medical transport and hospital expenses that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance are definitely more than the cost, especially for larger claims. But the average driver in New York overpays as much as $820 a year so compare rates at every policy renewal to ensure rates are competitive.

Chevy Malibu insurance coverage information

The price information shown next covers detailed analysis of coverage prices for Chevy Malibu models. Learning as much as possible about how rates are determined can be of help when making informed coverage decisions.

Chevrolet Malibu Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $98 $180 $248 $14 $74 $614 $51
Malibu Hybrid $98 $180 $248 $14 $74 $614 $51
Malibu LT $110 $180 $248 $14 $74 $626 $52
Malibu LTZ $110 $212 $248 $14 $74 $658 $55
Get Your Own Custom Quote Go

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Information does not factor in vehicle garaging location which can revise rates greatly.

Where to set your deductibles

One frequently asked question is how high should the physical damage deductibles be. The following insurance rates may help to illustrate the differences in price when you choose different policy deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Chevrolet Malibu insurance rates 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
Get Your Own Custom Quote Go
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
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in specific location information which can raise or lower coverage prices noticeably.

Based on the above data, using a $100 deductible will cost you about $19 more each month or $228 every year averaged for all Malibu models than choosing the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 21 months between claims, you would probably come out ahead if you choose a higher deductible.

Should you buy full coverage?

The example below shows the comparison of Chevy Malibu auto insurance rates with liability coverage only compared to full coverage. The rates are based on no accidents or driving violations, $500 deductibles, drivers are single, and no policy discounts are applied.

Are you wasting money on full coverage?

There is no exact rule for excluding comp and collision coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.

For example, let's say your Chevy Malibu settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after paying your deductible. If it's costing you more than $300 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some scenarios where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Score discounts on Buffalo insurance

Companies that sell car insurance do not advertise every policy discount very well, so the following is a list of both well-publicized as well as some of the hidden credits available to you.Discount insurance

  • Pay Early and Save - If you can afford to pay the entire bill instead of monthly or quarterly installments you can actually save on your bill.
  • Passive Restraints and Air Bags - Cars that have air bags or motorized seat belts can receive discounts up to 30%.
  • Professional Organizations - Joining specific professional or occupational memberships or organizations could earn you a nice discount on your next renewal.
  • Safety Restraint Discount - Drivers who require all vehicle occupants to buckle up may be able to save a few bucks off the medical payments premium.
  • Senior Citizen Discount - Mature drivers may be able to get a slight reduction on a Buffalo auto insurance quote.
  • Student Driver Training - Have your child take driver's ed class as it can save substantially.
  • Smart Student Discounts - This discount could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
  • Early Switch Discount - Some insurance companies give discounts for switching to them before your current coverage expires. You could save around 10% when you buy Buffalo auto insurance online.
  • Save with a New Car - Adding a new car to your policy can cost up to 25% less because newer vehicles are generally safer.
  • Claim Free - Insureds with no claims or accidents pay much less as compared to insureds who have frequent claims or accidents.

While discounts sound great, it's important to understand that most of the big mark downs will not be given to all coverage premiums. Some only reduce specific coverage prices like medical payments or collision. Despite the appearance that all those discounts means the company will pay you, you're out of luck.

The information below illustrates the comparison of Chevy Malibu insurance rates with and without discounts applied to the premium. The rates are based on a male driver, a clean driving record, no at-fault accidents, New York state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, claim-free, multi-car, marriage, and safe-driver discounts applied.

Some of the insurance companies that have some of the above discounts may include but are not limited to:

If you need affordable Chevrolet Malibu insurance quotes, ask all companies you are considering which discounts can lower your rates. Some discounts may not be offered everywhere. To locate insurers offering insurance discounts in New York, follow this link.

Different people need different auto insurance coverages

When it comes to choosing a policy for your vehicles, there really isn't a single plan that fits everyone. Each situation is unique and your policy should reflect that.Drive safe and save Here are some questions about coverages that might point out whether your personal situation would benefit from an agent's advice.

  • How high should deductibles be on a Chevy Malibu?
  • Are there any extra discounts I can get?
  • Do I need more liability coverage?
  • Does my personal policy cover me when driving out-of-state?
  • Can my teen drive my company car?
  • Are my friends covered when driving my car?
  • What is the minimum liability in New York?

If you're not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Which auto insurance company is best in Buffalo?

Finding the right auto insurance company is hard considering how many companies sell insurance in New York. The information shown below can help you analyze which insurers to look at shopping your coverage with.

Top 10 Buffalo Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. GEICO - A++
  3. Travelers - A++
  4. State Farm - A++
  5. Allstate - A+
  6. Nationwide - A+
  7. Esurance - A+
  8. Erie Insurance - A+
  9. Progressive - A+
  10. Mercury Insurance - A+

Top 10 Buffalo Car Insurance Companies Ranked by Value

  1. The General
  2. Erie Insurance
  3. The Hartford
  4. Mercury Insurance
  5. Farmers Insurance
  6. 21st Century
  7. Safeco Insurance
  8. AAA Insurance
  9. State Farm
  10. Travelers