Who Has the Cheapest Insurance for a Chevrolet Malibu in Kentucky?

Anytime the topic is auto insurance, the words “affordable” or “cheap” should not appear anywhere in the article. It’s just a fact that cheap car 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 you are able to afford.

The chances that you’ll find affordable car insurance for a Chevrolet Malibu in Kentucky depends upon many rating factors like how far you commute, if you have a coverage lapse, and if you have a history of accidents. Drivers pay on average $830 every 12 months for Malibu insurance, but that figure is an estimation based on a 50-year-old single female that purchased both comprehensive and collision coverage and $500 policy deductibles.

More likely than not, you are not a 50-year-old female, possibly married instead of single, or maybe you prefer to not insure for full coverage. Even a minor change in policy rating factors can cause large differences in the price of a policy.

Every driver has different characteristics, so the only way to find cheap auto insurance rates for your Chevrolet is to shop your policy around at every renewal.

Insure Your Chevrolet for Less

The specific trim level tends to have a direct effect on the cost of insurance, so the rate you pay to insure a Malibu LS model will be $84 lower than the price to insure the higher-end Malibu LTZ version, as shown by the rates below.

Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Table data does not factor in specific garaging location which can influence insurance rates significantly.

Finding out which companies quote the most affordable auto insurance rates for a Chevrolet Malibu takes a little more effort than just comparing rates from one or two companies.

Each insurance company has their own formula for determining prices, so let’s examine the most affordable auto insurance companies in Kentucky. It’s a good idea to know that Kentucky auto insurance rates are influenced by many factors that control the cost of having a policy. Simply turning a year older, buying a different home, or having an at-fault accident may cause policy rate changes resulting in some rates now being cheaper than competitors.

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Cincinnati Insurance has some of the most affordable car insurance rates in Kentucky at around $1,126 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also make the list of some of the lowest-priced Kentucky insurance companies.

As depicted above, if you are a policyholder with USAA and switched to Cincinnati Insurance, you may see savings of upwards of $49. Drivers with Auto-Owners may save as much as $245 a year, and Grange Mutual customers might lower prices by up to $451 a year.

Bear in mind that those premiums are averaged across all drivers and vehicles and and are not calculated with a specific rate value for a Chevrolet Malibu. So the company that fits your situation best may not even be shown in the chart above. That points out the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

Impact of citations and accidents on Kentucky insurance rates

The easiest way to earn the most affordable auto insurance premiums in Kentucky for a Malibu is to pay attention while driving and avoid traffic citations and accidents. The information below shows how violations and fender-benders raise car insurance costs for different categories of driver ages. The price estimates are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.

In the previous example, the average cost of auto insurance in Kentucky per year with no accidents and a clean driving record is $1,735. Get written up for two speeding tickets and the average cost rises to $2,290, an increase of $555 each year. Now include one accident along with the two speeding tickets and the annual cost of auto insurance for a Chevrolet Malibu jumps again to an average of $2,855. That’s an increase of $1,119, or $93 per month, just for not being attentive to the road!

The diagram below demonstrates how choosing different deductibles can raise or lower yearly insurance costs when getting quotes for cheap insurance for a Chevrolet Malibu. The data assumes a married female driver, comp and collision included, and no discounts are taken into consideration.

As shown above, a 30-year-old driver could pocket $320 a year by changing from a $100 deductible up to a $500 deductible, or save $486 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old category, have the ability to save up to $688 every year just by using higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it will be important to have spare funds to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How to get the cheapest insurance for a Chevrolet Malibu in Kentucky

The list below summarizes some money-saving solutions that can help you quote the cheapest car insurance.

• Good credit scores may make rates cheaper
• Buy vehicles with good safety ratings
• Do not waste money insuring older vehicles for full coverage
• Accidents can significantly increase rates
• Buying home and auto together can help save money
• Compare prices frequently to find the best deal

The last tip is highly necessary, as was noted in this article. Rates change constantly, so you should be ready to switch companies if you can save money.

Sticking with a specific company is fine, but it’s not recommended if it’s costing you potentially thousands of dollars a year. In just a couple of minutes you could shop around and find cheaper auto insurance for a Chevrolet Malibu.

Allstate, Progressive, State Farm, or Geico: Which is best?

If you’re looking for the cheapest car insurance, the top insurers to get price quotes from are Allstate, Progressive, State Farm, and Geico. The next table points out ratings for price and service, as well as some optional coverages that are available for policyholders.