Who Has Cheap Insurance for a Chevrolet Malibu in Maine?

Because the topic is car insurance, the words cheap or affordable should not appear anywhere in the article. Unfortunately, cheap auto insurance for a Chevrolet Malibu can be extremely hard to find. But don’t despair, because we will teach you how you can quote car insurance that doesn’t cost an arm and a leg.

Your chances of finding the best cheap car insurance for a Chevrolet Malibu in Maine is contingent on a complex calculation that is influenced by things such as whether you are a new or experienced driver, if you have a tendancy to file claims, and if you have any chargeable driving offenses. Drivers in Maine pay around $720 annually to insure a Chevrolet Malibu, but that price is an estimation calculated using a 30-year-old single female with full coverage and $250 policy deductibles.

It’s more than likely that you aren’t exactly 30 years old or even a female, you might be married instead of single, or maybe you just want to insure for liability only. Even a very minor difference in rating factors can lead to a significant difference in how much coverage for a Chevrolet Malibu costs.

There is no “one size fits all” policy, so the most reliable way to find cheap auto insurance rates for your Chevrolet is to quote often and with as many companies as possible. Rate quotes are easy and you will be able to compare rates from some of the cheapest companies around.

Insure Your Chevrolet for Less

Vehicle trim level will most likely have an effect on the yearly cost, so the price you pay to insure a Malibu LS trim level will be $82 less than the insurance cost for the more well-appointed Malibu LTZ version, as shown by the rates below.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maine minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific Maine garaging location which can revise premiums noticeably.

Establishing which company has the cheapest auto insurance rates for a Chevrolet Malibu will require a bit more work in order to find coverage that fits your buget. Every car insurance company used slightly different criteria for determining prices, so to begin we’ll rank the most affordable auto insurance companies in Maine.

We do need to point out that Maine auto insurance rates are calculated based on many things that will increase or decrease the price you pay for coverage. Getting older, having a teenage driver, or getting a couple of tickets can trigger price changes resulting in some rates now being more affordable than before.

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USAA offers some of the best car insurance rates in Maine at around $622 annually. Travelers, Countryway Insurance, Vermont Mutual, and Patriot also rank well as some of the lowest-priced Maine insurance companies.

As shown above, if you are a policyholder with Vermont Mutual and switched to USAA, you could realize an annual premium reduction of approxmiately $99. Policyholders with Patriot could save as much as $109 a year, and The Hartford policyholders might reduce rates by $120 a year.

Understand that those policy prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a specific rating modification for a Chevrolet Malibu. So the insurer that can offer you the lowest price may not even be shown in the company chart above. That illustrates why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

Cost difference between full coverage and liability

Finding cheap insurance for a Chevrolet Malibu in Maine is probably important to the majority of vehicle owners, and a good way to buy cheaper insurance is to buy only liability coverage. The chart below visualizes the comparison of auto insurance costs with liability coverage only compared to full coverage. The rates are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 2215,735],[‘Age 30’, 1169,407],[‘Age 40’, 1151,379],[‘Age 50’, 1049,355],[‘Age 60’, 1013,349],[‘Age 70’, 1225,463]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Malibu in Maine’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an overall average, physical damage coverage on your policy costs an additional $1,304 per year more than buying just liability insurance. That may make you wonder if buying full coverage is a good investment. There is no set rule to drop comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

Types of discounts on Maine insurance

Car insurance companies that sell cheap insurance for a Chevrolet Malibu in Maine may additionally offer special discounts that may potentially lower prices by as much as 25% or more if you are eligible to receive them. A list of auto insurance companies and a summarized list of policyholder discounts are shown below.

• State Farm includes discounts for anti-theft, multiple autos, accident-free, defensive driving training, and good student.
• American Family may have discounts that include TimeAway discount, bundled insurance, early bird, Steer into Savings, good driver, multi-vehicle, and air bags.
• AAA has discounts for education and occupation, pay-in-full, AAA membership discount, good driver, multi-policy, and good student.
• GEICO offers premium reductions for defensive driver, five-year accident-free, military active duty, air bags, and multi-policy.
• Mercury Insurance policyholders can earn discounts including low natural disaster claims, ease of repair, location of vehicle, professional/association, good driver, and type of vehicle.
• Farmers Insurance offers discounts including switch companies, homeowner, electronic funds transfer, teen driver, and early shopping.
• Progressive may offer discounts for continuous coverage, multi-vehicle, multi-policy, homeowner, online quote discount, online signing, and good student.

The diagram below visualizes the comparison of auto insurance costs with and without discounts being applied to the rates. Data assumes a female driver, a clean driving record, no claims, Maine state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple vehicle, claim-free, safe-driver, anti-theft, passive restraint, and marriage discounts applied. When drivers take advantage of discounts, the the average amount saved on auto insurance for a Chevrolet Malibu is 27% or $301.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 1615,1165],[‘Age 30’, 1107,805],[‘Age 40’, 1033,751],[‘Age 50’, 905,657],[‘Age 60’, 877,639],[‘Age 70’, 1025,741]]);var options = {title: ‘Effect of Discounts on Insurance Rates for a Chevrolet Malibu’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Malibu in Maine’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

State Farm, Allstate, Geico, and Progressive: Who is best?

When comparing auto insurance, four of the larger companies to compare rates for are State Farm, Allstate, Geico, and Progressive. The next table illustrates pricing and service ratings, as well as optional policy coverages shoppers can expect to find with each one.