How Much is Insurance for a Chevrolet Malibu in Massachusetts?

Your ability to find cheap insurance for a Chevrolet Malibu in Massachusetts relies on a lot of rating factors like if you own the home you live in, your credit status, and physical damage deductibles. Drivers pay on average $890 a year for Malibu insurance, but that amount is a projection that rates a 50-year-old married female driver that included full coverage and $100 deductibles.

Chances are that you may not be 50 years old (or even female), maybe you are single instead of married, and you might want liability-only or different deductibles. Making even small differences in quote information may result in significant differences in the rate quoted for a Chevrolet Malibu.

Auto insurance is not “one size fits all”, so your best chance at finding cheap auto insurance rates for your Chevrolet is to shop your policy around at every renewal. Quotes are always free and you can get prices from the best auto insurance companies that insure vehicles in Massachusetts.

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The trim level of your Chevrolet will be a contributing factor to the insurance rate, so the price you will be charged to insure a Malibu LS trim level will be $104 less expensive the insurance cost for the more costly Malibu LTZ version, as shown in the table below.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in specific location which can impact auto insurance rates considerably.

Ending up with the top car insurance provider is hard considering how many choices you have in Massachusetts. The company rank data shown next can help you select which companies to look at comparing rates with. These rankings only include the largest companies in America, so companies that may only write in Massachusetts are not taken into consideration for the list.

Top 10 Large Auto Insurance Companies in Massachusetts Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. State Farm
5. GEICO
6. Allstate
7. The Hartford
8. Farmers Insurance
9. Esurance
10. AAA Insurance

Top 10 Large Auto Insurance Companies in Massachusetts Ranked by A.M. Best Rating

1. USAA – A++
2. Travelers – A++
3. State Farm – A++
4. GEICO – A++
5. Allstate – A+
6. The Hartford – A+
7. Progressive – A+
8. Esurance – A+
9. Safeco Insurance – A
10. Farmers Insurance – A

Top Companies for Chevrolet Malibu Insurance in Massachusetts

Full coverage rates compared to liability only

Finding cheap insurance for a Chevrolet Malibu in Massachusetts is important to most drivers, and one way to buy cheaper insurance is to buy liability only. The chart below shows the difference between insurance costs with liability coverage only compared to full coverage. The data is based on no accidents, no driving violations, $100 deductibles, drivers are single, and no additional discounts are factored in.

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Averaged for all age groups, full coverage on your policy costs an extra $2,491 per year more than just buying liability only. That proposes the question if full coverage is worth the money. There is no exact formula for excluding physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s book value is $11,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $10,000 after the policy deductible has been paid. If it’s costing in excess of $1,000 a year to have full coverage, then it might be time to consider dropping full coverage.

Discounts on cheap insurance for a Chevrolet Malibu in Massachusetts

Insurers that sell policies for a Chevrolet Malibu may also provide premium discounts that could reduce prices by 30% or more if you meet specific criteria. Companies and a selection of discounts include:

The illustration below visualizes the comparison of insurance costs with and without discounts being applied to the rates. The data is based on a female driver, a clean driving record, no claims, Massachusetts state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with claim-free, homeowner, passive restraint, safe-driver, accident-free, and vehicle safety discounts applied. When discounts are applied, the the average yearly reduction on auto insurance for a Chevrolet Malibu is % or $.

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Does Allstate, State Farm, Progressive, or Geico have the cheapest car insurance?

When researching insurance for a Malibu, four good companies to start with are Allstate, State Farm, Progressive, and Geico. When combined, they make up almost half of all policies written. All four offer physical damage and liability coverage, but each has a distict selection of optional coverages and features that may influence which company you choose. The data below illustrates ratings for price, service, and claims, in additional to some of the optional coverages .