Affordable Chevy Malibu Insurance in Aurora

There isn’t anyone who likes having to buy auto insurance, especially when they are aware that the cost is way too high.

A recent study showed that the majority of drivers have been with the same company for a minimum of four years, and almost half have never compared auto insurance rates at all. Drivers in Aurora could save as much as 35% every year by just comparing quotes, but they just don’t want to compare rate quotes.

Steps to buying affordable Chevy Malibu insurance in Aurora

If your goal is the lowest price, then the best way to get cheaper auto insurance rates is to make a habit of regularly comparing prices from insurers who provide car insurance in Aurora.

1. Try to comprehend the different coverages in a policy and the changes you can make to prevent expensive coverage. Many policy risk factors that increase rates such as speeding and a not-so-good credit rating can be remedied by making minor changes to your lifestyle.
2. Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like GEICO and State Farm, while independent agents can quote prices from multiple companies.
3. Compare the new rate quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and switch companies, verify that coverage does not lapse between policies.
4. Notify your company or agent to cancel your current auto insurance policy. Submit a signed application and payment to your new carrier. Make sure you put the certificate of insurance along with your vehicle registration.

The critical component of shopping around is to try to compare similar deductibles and liability limits on every quote request and to quote with as many different insurance providers as possible. This provides a fair price comparison and a complete price analysis.

Many insurance companies compete for your hard-earned dollar, so it can be very hard to choose a insurance company to find the absolute lowest cost out there.

If you currently have insurance, you will be able to get lower rates using the ideas you’re about to read. Finding the cheapest insurance coverage in Aurora is easy if you know what you’re doing. But Colorado car owners do need to learn how big insurance companies determine how much to charge and use it to your advantage.

To find cheaper rates, there are a couple of ways to compare rate quotes from different companies. The fastest way to comparison shop is to use the internet to compare rates.

It’s so fast and easy to compare price quotes online that it takes the place of having to drive around to insurance agents’ offices. Quoting Chevy Malibu insurance online has reduced the need for local agents unless you have a complicated situation and need the professional abilities that can only be provided by a licensed insurance agent. It is possible with some companies compare the best prices online but buy the policy through an agent.

It’s important to know that obtaining a wide range of quotes will improve the odds of getting more affordable rates.

The providers in the list below provide price comparisons in Colorado. To find the best cheap car insurance in Aurora, it’s a good idea that you get price quotes from several of them to get a more complete price comparison.

Car insurance analysis for a Chevy Malibu

The information displayed next showcases different insurance costs for Chevy Malibu models. Having a good grasp of how rates are determined can help guide drivers when making smart choices when comparing insurance quotes.

Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Premium amounts do not factor in specific zip code location which can influence prices substantially.

Higher deductibles save money

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The figures shown below can help show the premium difference when you buy lower versus higher insurance deductibles. The first data table uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Information does not factor in specific location which can influence price quotes noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $37 more each month or $444 every year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 24 months between claims, you would save more money if you elect the higher deductible.

Cost difference between full coverage and liability

The diagram below shows the difference between Chevy Malibu insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no clear-cut rule for eliminating physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Chevy Malibu replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after you pay the deductible. If it’s costing in excess of $800 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some situations where buying only liability insurance is not a good plan. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not opt for liability only.

Get cheaper Chevy Malibu insurance rates in Aurora

Insuring your fleet can be pricey, but you may qualify for discounts to help offset the cost. Many of these discounts will be applied automatically at the time of purchase, but a few must be manually applied before you will receive the discount.

• Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you could save up to 5%.
• Save over 55 – Drivers that qualify as senior citizens may be able to get a slight reduction on a Aurora auto insurance quote.
• Own a Home and Save – Being a homeowner can help you save on car insurance due to the fact that maintaining a home demonstrates responsibility.
• ABS Braking Discount – Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
• Accident Forgiveness Coverage – Not a discount per se, but a few companies such as GEICO, State Farm, and Progressive may permit one accident before raising your premiums so long as you are claim-free prior to the accident.
• Anti-theft System – Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency so companies will give you a small discount.

One thing to note about discounts is that most discounts do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Even though it appears you could get a free car insurance policy, you won’t be that lucky.

The information below illustrates the comparison of Chevy Malibu yearly insurance costs with and without discounts being applied to the rates. The prices are based on a male driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-policy, multi-car, claim-free, and safe-driver discounts applied.

To view providers that provide some of the discounts listed above in Colorado, click here.

Insurance does more than just repair your car

Even though Aurora Malibu insurance rates can get expensive, paying for insurance may be required and benefits you in several ways.

• Almost all states have compulsory liability insurance requirements which means you are required to buy a specific level of liability protection if you don’t want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you bought your Chevy Malibu with a loan, almost all lenders will have a requirement that you buy insurance to guarantee payment of the loan. If you do not keep the policy in force, the bank may buy a policy for your Chevy at a significantly higher premium and force you to pay for the much more expensive policy.
• Insurance protects not only your Chevy but also your financial assets. It also can pay for medical transport and hospital expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers legal expenses if anyone sues you for causing an accident. If damage is caused by hail or an accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance are definitely more than the cost, particularly when you have a large claim. An average driver in America is wasting up to $820 a year so it’s important to compare rates at every renewal to ensure rates are inline.

Can’t I compare rates from local Aurora car insurance agents?

Some people still like to have an agent’s advice and that is a smart decision One of the best bonuses of getting online price quotes is you may find the best rates and still choose a local agent.

After filling out this form (opens in new window), your insurance coverage information is instantly submitted to local insurance agents in Aurora that provide free Aurora auto insurance quotes and help you find cheaper coverage. There is no need to contact an agency since price quotes are sent to your email. You can most likely find cheaper rates without having to waste a lot of time. If for some reason you want to get a rate quote from a specific company, you can always visit that company’s website and fill out the quote form the provide.

Finding the right company requires you to look at more than just the price. A good agent in Aurora will have answers to these questions.

• By raising physical damage deductibles, how much would you save?
• Does the agency support the community they serve?
• Which family members are covered?
• Where would your vehicle be repaired?
• Do they specialize in personal lines auto insurance in Aurora?
• Do they reduce claim amounts on high mileage vehicles?
• Are they able to provide referrals?
• What are the financial ratings for the companies they represent?

Pick the best car insurance agent in Aurora for you

If you prefer to buy insurance from a local agent, it’s helpful to know the different types of agents and how they function. Insurance policy providers are either independent or exclusive.

Exclusive Insurance Agencies

Agents that choose to be exclusive write business for a single company and examples are American Family, State Farm, and AAA. Exclusive agencies are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents are well trained in insurance sales which can be an advantage.

Listed below is a short list of exclusive agencies in Aurora that can give you rate quotes.

More Aurora agents

Independent Agents (or Brokers)

These agents are not required to write business for one company and that enables them to quote your coverage with any number of different companies and get you the best rates possible. If your premiums go up, an independent agent can move your coverage and that require little work on your part.

When comparison shopping, we recommend you get several quotes from several independent insurance agents in order to compare the most rates.

Listed below are independent insurance agents in Aurora that are able to give comparison quotes.

More Aurora agents

Once you have received good feedback to any questions you may have and locked in a price quote, you have narrowed it down to an auto insurance agent that can provide insurance coverage. Just understand that once you purchase a policy you can cancel coverage any time you want so don’t feel that you’re stuck with a policy for any length of time.