Chevy Malibu insurance

Chevy Malibu insurance refers to a personal auto policy that provides financial protection for drivers of Chevrolet Malibu sedans in cases of accidents, theft, or damage. Average annual premiums for Chevy Malibu insurance in the US range from $1,350 to $2,000, with Geico and State Farm offering some of the lowest rates according to 2024 rate analyses.

Collision coverage for a 2022 Chevy Malibu typically costs about $370 per year while comprehensive coverage averages $312 per year based on data from Quadrant Information Services. Factors influencing Chevy Malibu insurance rates include driver age (e.g. rates for 18-year-olds can exceed $5,000 annually), driving record (such as speeding tickets raising premiums by up to 20%), and ZIP code (with higher rates in states like Michigan and Louisiana).

The cheapest trims to insure are usually the base LS model compared to Premier or RS trims due to lower replacement costs cited by repair cost databases. Insurers calculate total loss values by considering current market prices and depreciation rates which average 44% over five years for this model per Kelley Blue Book statistics, as declared by YourInsuranceInfo.

Insurance discounts commonly applied to Chevy Malibu policies include safe driver programs and multi-policy bundles which can lower premiums by up to 25%. Liability limits required by law for insuring a Chevy Malibu start at state minimums such as $25,000/$50,000/$25,000 in Texas but higher limits are recommended by consumer safety groups.

Optional coverages often added by owners include roadside assistance ($10–$30/year) and gap insurance ($40–$60/year) as reported by multiple insurers’ rate sheets. Costlier claims result from rear-end collisions and hail damage, with average repairs for a Malibu trunk lid after an accident costing around $950 according to CCC Information Services.

Coverage eligibility may be affected by previous claims or high-risk status; insurers like Progressive sometimes require extra underwriting steps for drivers with DUIs or multiple at-fault accidents documented within three years.