How Much Does Insurance Cost for a Chevrolet Malibu in Indiana?

The chances that you’ll find affordable car insurance for a Chevrolet Malibu in Indiana relies on a complicated rating formula that uses factors like whether the vehicle is new, whether or not you have had gaps between policies, and if you have tickets or violations. Drivers in Indiana on average pay around $710 each year for Malibu insurance, but that cost is a projection based on rates for a 50-year-old single female who requires full physical damage coverage and $500 physical damage deductibles.

There’s a good chance you are not 50 and possibly not even female, you might be married instead of single, or maybe you’ve had an at-fault accident or two. Even a minor change in input factors can precipitate large changes in quoted rates.

Having different needs demonstrates why the way we recommend to find the cheapest insurance price for your Chevrolet is to shop your policy around every couple of years. Quotes are free and easy and you can get prices from the best companies that insure Chevrolet vehicles in Indiana.

Click to Compare Rates Now

The trim level of your Malibu will most likely have an effect on the coverage cost, so the price to insure a Malibu LS trim level will cost $72 less than the insurance cost for the higher-priced Malibu LTZ version, as shown in the chart below.

Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in vehicle garaging location which can impact coverage rates noticeably.

Selecting a high-quality auto insurance provider is difficult considering how many different companies insure vehicles in Indiana. The rank data displayed below may help you decide which companies you want to consider purchasing coverage from. These rankings include insurance companies that insure vehicles in the majority of U.S. states, so smaller regional companies are not factored into the list.

Top 10 Major Auto Insurance Providers Overall in Indiana

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Top 10 Major Auto Insurance Providers in Indiana Ranked by Customer Service

1. Nationwide
2. State Farm
3. Safeco Insurance
4. American Family
5. Titan Insurance
6. Travelers
7. Liberty Mutual
8. GEICO
9. Erie Insurance
10. Allstate

Top Companies for Chevrolet Malibu Insurance in Indiana

Careless Indiana drivers pay higher rates

The recommended way to get affordable car insurance premiums in Indiana for a Malibu is to drive carefully and avoid getting tickets or having accidents. The illustration below shows how speeding tickets and accident claims can raise insurance costs for different age groups of insureds. The premium estimates are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2709,2911,4715],[‘Age 30’, 1439,1639,3441],[‘Age 40’, 1405,1607,3407],[‘Age 50’, 1281,1483,3285],[‘Age 60’, 1241,1443,3243],[‘Age 70’, 1517,1721,3521]]);var options = {title: ‘Impact of Citations and Accidents on Indiana Chevrolet Malibu Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Chevrolet Malibu in Indiana’,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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of auto insurance per year with no accidents and a clean driving record is $1,599. Get one speeding ticket and the average cost hikes up to $1,801, an increase of $202 each year. Next add two accidents along with the one speeding ticket and the yearly cost of car insurance for a Chevrolet Malibu goes up to an average of $3,602. That’s an increase of $2,003, or $167 per month, just for not being a responsible driver!

How to find the cheapest insurance for a Chevrolet Malibu

The list below shows some of the recommended money-saving suggestions that can help you locate cheap car insurance.

• Pay for small claims rather than turning them in to your insurance company
• Avoid at-fault accidents and claims
• Ensure your driving record is clean
• Drop full coverage on older vehicles
• Higher deductibles mean lower rates
• Check for cheaper rates once a year

The last item on the list is highly important, as we hit on in the article above. Coverage prices change frequently, so drivers shouldn’t be resistant to buy a policy from a new company if you find a cheaper price. Staying with the same company for years is fine, but is isn’t recommended if it’s costing you big bucks every year. Take a few minutes and compare prices to find cheaper car insurance for a Chevrolet Malibu.

Who has the cheapest Chevrolet Malibu insurance quotes?

Consumers have many ways to find lower-cost car insurance in Indiana, but the most common are through an independent or non-exclusive agent, a captive (or exclusive) agency such as Liberty Mutual or State Farm, or direct either online or via phone.

They all have the same end result, but it’s important to understand the differences in how they provide rate quotes.

Independent agencies write for multiple companies and can get policy pricing from each one. They are not restricted to one company and can provide multiple price quotes, which may provide you with the best chance of finding a lower price. If your agent finds better pricing, your policy is moved internally which prevents you from having to find an new insurance agent.

An exclusive ageny is ‘exlusive’ to a single company, a couple examples are a Farmers or Allstate agent. Exclusive agencies are unable to compare other company’s rates, so if their pricing is high, there is no alternative.

Buying direct means you bypass a local agent and instead buy direct from companies such as Geico or Esurance. Shopping direct is good for families who do not have a complex risk profile and have an above average understanding of the exclusions of a policy.

So which of the methods works best to find cheap insurance for a Chevrolet Malibu in Indiana? We’d like to tell you buying from a direct car insurance company results in the cheapest price because there isn’t an agent involved, but that is not always the case. We’d also like to say using an independent agent saves the most money due to increased selection, but that assumption is not true either. For the right applicant, exclusive agencies have price quotes that are well below what direct and independents offer.

Since car insurance rates vary so much, the only real way to ensure you are not overpaying is to do a thorough rate comparison. The ideal approach is to get prices from all three types to get an idea of which is cheapest. For a list of companies with online discounts, click here to view.