If saving the most money is your goal, then the best way to find cheaper prices for Chevy Malibu insurance in Charlotte is to start doing an annual price comparison from insurance carriers who provide car insurance in North Carolina.
Step 1: Read and learn about how companies set rates and the things you can change to prevent expensive coverage. Many policy risk factors that result in higher prices such as getting speeding tickets and a less-than-favorable credit history can be improved by making minor driving habit or lifestyle changes. This article provides instructions to prevent rate hikes and earn larger discounts.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO and Allstate, while independent agents can give you price quotes from many different companies.
Step 3: Compare the new rates to your existing rates to determine if switching companies saves money. If you find better rates and decide to switch, make sure there is no lapse in coverage.
An essential thing to point out is that you use the same amount of coverage on every quote and to quote with as many car insurance companies as possible. This helps ensure an accurate price comparison and the best price selection.
Astonishing but true, almost 70% of drivers in North Carolina kept their coverage with the same auto insurance company for more than four years, and virtually 40% of consumers have never even compared rates from other companies. Drivers in the U.S. could save as much as 46.5% each year by just comparing quotes, but they feel it’s too difficult to compare rate quotes.
Discount Charlotte car insurance rates
Insurance can be prohibitively expensive, but there’s a good chance there are discounts that could help you make your next renewal payment. Certain discounts will be applied at the time you complete a quote, but some discounts are required to be specially asked for prior to receiving the credit.
- Good Driver Discount – Drivers without accidents can pay as much as 50% less compared to accident prone drivers.
- Federal Employees – Having worked for a branch of the government could cut as much as 10% off with a few car insurance companies.
- Accident-Free Discounts – Good drivers with no accidents pay much less as opposed to insureds who have frequent claims or accidents.
- Discount for Swiching Early – Select insurance companies give a discount for switching policies prior to your current Malibu insurance policy expiring. Ten percent is about the average savings.
- E-sign Discounts – Some car insurance companies may give you up to $50 shop Charlotte auto insurance on your computer.
- Senior Citizens – Older drivers could receive better car insurance rates.
- Active Service Discounts – Having a family member in the military can result in better rates.
You should keep in mind that most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.
The illustration below shows the comparison of Chevy Malibu premium costs with and without discounts applied to the policy rates. Data assumes a male driver, no claims or driving citations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, multi-car, claim-free, and marriage discounts applied.
To locate insurers who offer discounts in North Carolina, click here.
How to lower your Chevy Malibu insurance cost in Charlotte, North Carolina
Getting a cheaper price on Chevy Malibu insurance doesn’t have to be difficult. Drivers just need to take the time to compare rate quotes online from several insurance companies.
The car insurance companies shown below can provide price quotes in Charlotte, NC. If you want to find the cheapest car insurance in Charlotte, we suggest you visit several of them in order to get a fair rate comparison.
Insurance coverage details
The coverage information shown below covers estimates of prices for Chevy Malibu models. Having a good grasp of how premiums are calculated can be valuable when making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Malibu LS | $122 | $222 | $240 | $14 | $72 | $670 | $56 |
| Malibu Hybrid | $122 | $222 | $240 | $14 | $72 | $670 | $56 |
| Malibu LT | $138 | $222 | $240 | $14 | $72 | $686 | $57 |
| Malibu LTZ | $138 | $262 | $240 | $14 | $72 | $726 | $61 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Table data does not factor in specific garaging location which can modify auto insurance rates noticeably.
The information below demonstrates how deductibles and can influence Chevy Malibu insurance rates for each age group. The price estimates are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.
Responsible drivers pay cheaper auto insurance rates
The information below demonstrates how citations and at-fault accidents raise Chevy Malibu premium costs for different age groups of insureds. The costs are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
Annual premiums comparing men and women
The example below visualizes the comparison of Chevy Malibu premium costs for male and female drivers. The data is based on no claims or driving citations, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are applied.
Different people need different insurance coverages
When buying the right insurance coverage, there really isn’t a “perfect” insurance plan. Your financial needs are unique.
For instance, these questions can aid in determining whether you will benefit from professional help.
- Are combined or split liability limits better?
- Who sells insurance for high-risk drivers?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Am I covered if I drive in a foreign country?
- Is my camper covered for physical damage?
- Do I really need UM/UIM coverage?
- Does my personal policy cover me when driving out-of-state?
- How do I insure my teen driver?
- Do I have ACV or replacement cost coverage?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.
Compare prices but work with a local neighborhood Charlotte car insurance agent
Some consumers still like to have an agent’s advice and doing so can bring peace of mind Professional insurance agents can help you choose the best coverages and help submit paperwork. One of the benefits of comparing car insurance online is that you can obtain cheaper premium rates and still buy from a local agent. Supporting small agencies is definitely important in Charlotte.
Upon completion of this simple form, the coverage information is sent to participating agents in Charlotte who will give competitive quotes for your car insurance coverage. It’s much easier because you don’t need to drive around since rate quotes are delivered to you directly. If you wish to get a comparison quote from a specific company, feel free to jump over to their website and complete a quote there.
If you are wanting to find local Charlotte agents, you need to know there are two types of insurance agents and how they differ in how they can insure your vehicles. Car insurance agencies can be described as either independent agents or exclusive agents. Either one can sell and service car insurance coverage, but it’s a good idea to understand the difference in the companies they write for because it can influence the selection process.
Independent Car Insurance Agencies or Brokers
These type of agents are not restricted to one company so they can insure your vehicles with many different companies and get the cheapest rates. If they find a cheaper price, they simply move the coverage in-house and the insured can keep the same agent.
If you are trying to find cheaper rates, we highly recommend that you include rate quotes from a few independent agents so that you have a good selection of quotes to compare. Most also write with different regional companies that may have much lower rates than larger companies.
Shown below are independent agents in Charlotte that may be able to give you pricing information.
- A1 Insurance
537 W Sugar Creek Rd # 104B – Charlotte, NC 28213 – (704) 598-4442 – View Map - The Hoffman Agency, LLC
2015 Ayrsley Town Blvd – Charlotte, NC 28273 – (704) 280-8585 – View Map - RJR Insurance
7810 Ballantyne Commons Pkwy # 300 – Charlotte, NC 28277 – (704) 543-2700 – View Map
Exclusive Car Insurance Agents
Agents that elect to be exclusive can usually just insure with one company and examples are State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide other company’s prices so they have to upsell other benefits. Exclusive agents are very knowledgeable on the products they sell which helps them sell insurance even at higher premiums. Consumers sometimes buy from exclusive agents mostly because of the brand name and the convenience of having a single billing for all their coverages.
The following is a list of exclusive insurance agencies in Charlotte willing to provide rate quotes.
- Michael Pritchard – State Farm Insurance Agent
8633 Monroe Rd d – Charlotte, NC 28212 – (704) 535-2292 – View Map - Howard Johnson Jr – State Farm Insurance Agent
5342 Docia Crossing Rd a – Charlotte, NC 28269 – (704) 947-7233 – View Map - David Stroman – State Farm Insurance Agent
210 East Trade Street, C-340 – Charlotte, NC 28202 – (704) 332-1970 – View Map
Finding the right auto insurance agent should depend on more than just a cheap price. These questions are important to ask:
- Does the agency provide any after hours assistance?
- Which family members are covered?
- If you are a high risk driver, do they have special markets for your coverage?
- Is the agent CPCU or CIC certified?
- Which insurance companies are they affiliated with?
- Will you work with the agent or an assistant?
- Which companies do they recommend if they are an independent agency?
Three reasons to insure your vehicle
Even though it can be expensive, insuring your vehicle is required for several reasons.
- Most states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability protection in order to be legal. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Chevy Malibu with a loan, it’s most likely the lender will force you to have physical damage coverage to protect their interest in the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Chevy at a significantly higher premium and make you pay for the expensive policy.
- Car insurance protects your Chevy Malibu and your assets. It will also cover medical bills that are the result of an accident. Liability insurance also covers legal expenses if you cause an accident and are sued. If damage is caused by hail or an accident, your car insurance policy will pay to repair the damage.
The benefits of insuring your car are definitely more than the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is wasting up to $800 each year so you should quote your policy with other companies once a year at a minimum to ensure rates are inline.
Insurance coverage specifics
Having a good grasp of your policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as nursing services, EMT expenses and doctor visits. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible
Auto liability
This can cover injuries or damage you cause to people or other property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 30/60/25 which stand for a limit of $30,000 per injured person, a limit of $60,000 in injury protection per accident, and $25,000 of coverage for damaged property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers things like structural damage, court costs, pain and suffering and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford. North Carolina requires drivers to carry at least 30/60/25 but it’s recommended drivers buy more liability than the minimum.
The next chart demonstrates why low liability limits may not be adequate.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many North Carolina drivers only carry the minimum required liability limits (which is 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as damage from flooding, falling objects and rock chips in glass. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage
This pays for damage to your Malibu from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as driving through your garage door, scraping a guard rail and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible on your Malibu in order to get cheaper collision rates.
Don’t give up on cheap premiums
Some insurance providers do not provide price quotes online and these small insurance companies work with independent insurance agents. Budget-conscious Chevy Malibu insurance is attainable on the web as well as from insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates.
Consumers change insurance companies for any number of reasons including policy non-renewal, questionable increases in premium, policy cancellation and high rates after DUI convictions. It doesn’t matter why you want to switch switching insurance companies can be less work than you think.
We just covered many ways to save on Chevy Malibu insurance in Charlotte. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Drivers may even discover the best prices are with a company that doesn’t do a lot of advertising.
Much more information about insurance in North Carolina is available at the links below
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance Rates for State Employees in Charlotte? (FAQ)
- How Much are Charlotte Car Insurance Quotes for a Chevrolet Silverado? (FAQ)
- Who Has the Cheapest Car Insurance for Retired Military in Charlotte? (FAQ)
- Who Has Affordable Charlotte Car Insurance for Drivers Over Age 60? (FAQ)
- Safety Belts FAQ (iihs.org)
- Parking Tips to Reduce Door Dings (State Farm)