Chevrolet Malibu Insurance Rates

How much does a Chevrolet Malibu cost to insure? The average Chevrolet Malibu insurance rates are $115 per month or $1,384 annually. However, many factors impact your ability to get affordable Chevy Malibu car insurance, like the age of your vehicle. For example, the 2010 Chevy Malibu insurance costs will be less than the 2017 Chevy Malibu insurance costs or even the cost of a Chevy Malibu 2012 model. 

Some people, like teen drivers, might require high-risk car insurance, which could increase your Chevy Malibu costs, while others may be low-risk drivers eligible for cheap car insurance for the Malibu. The insurance costs for a 2016 Chevrolet Malibu for a teenager will, therefore, be higher than an older driver. 

No matter your circumstances, read through our comprehensive guide to learn how to lower your rates for insurance on a Chevy Malibu. Different Chevy Malibu car insurance companies will provide different Chevy Malibu car insurance quotes so remember to shop around.

When you’re ready to secure affordable car insurance rates for a Chevy Malibu, just enter your five-digit ZIP code into our FREE quote comparison tool to get started.

The average insurance rates for a Chevrolet Malibu are $1,366 a year with full coverage. Comprehensive insurance costs around $306, collision costs $512, and liability insurance is estimated at $390. Buying just liability costs approximately $452 a year, with insurance for high-risk drivers costing $2,940 or more. Teenage drivers cost the most to insure at $5,052 a year or more.

Average premium for full coverage: $1,366

Policy rates for type of insurance:

Rates are based on $500 physical damage deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all U.S. states and for different Malibu trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than densely populated cities.

The price range example below illustrates how geographic area affects auto insurance rates.

The examples above demonstrate why anyone shopping for car insurance should get quotes for a specific zip code, rather than relying on average rates.

Use the form below to get customized rates for your location.

Additional Charts and Tables

The chart below details estimated Chevrolet Malibu insurance rates for additional coverage choices and driver risks.

• The best discount rate is $792
• Choosing higher $1,000 deductibles can save about $186 annually
• The estimated price for a good driver age 40 using $500 deductibles is $1,366
• Using more expensive low deductibles for comp and collision coverage will cost an additional $358 a year
• High-risk insureds who are prone to accidents and violations could pay at least $2,940 or more
• Policy cost that insures a teen driver with full coverage can be $5,052 each year

View Chart as Image

Insurance rates for a Chevrolet Malibu also range considerably based on the model year and trim level, your age and driving habits, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at least $1,600 to $2,200 extra every year, depending on your age. High-risk driver insurance ranges anywhere from 44% to 131% more than a normal policy. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,300 annually on average, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay as much as $5,000 a year. View Rates by Age

Your home state plays a big part in determining prices for Chevrolet Malibu insurance rates. A good driver about age 40 could pay as low as $980 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,850 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles can save as much as $550 each year, while increasing your policy's liability limits will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $351 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out your exact price is to compare rates from as many companies as possible. Each auto insurer uses a different method to calculate rates, so the rates will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find the Best Cheap Chevrolet Malibu Insurance

Finding cheaper rates on Chevrolet Malibu insurance takes being a safe and courteous driver, having above-average credit, not filing small claims, and insuring your home and auto with the same company. Compare prices once a year by requesting rates from direct companies, and also from your local independent and exclusive agents.

Below is a quick review of the data that was presented in the illustrations above.

• You may be able to save up to $160 per year simply by shopping early and online
• Drivers who may need higher levels of liability will pay an extra $430 every year to raise limits from a 30/60 limit to the 250/500 level
• Teenage drivers pay higher rates, as much as $421 each month if full coverage is included
• High-risk drivers with a DUI or reckless driving violation may pay on average $1,570 more every year for auto insurance

As you can see from the above information, the price of a 2018 Chevy Malibu for insurance will be different than the 2016 Chevy Malibu insurance costs. The 2014 Chevy Malibu price ranges will also be different, and it’s important to know the different before buying Chevy Malibu car insurance.

Whether you want to know how much does a 2016 Chevy Malibu cost to insure, or what’s the cost of a Chevy Malibu 2018 model for insurance, we can help you get the lowest rates. Just enter your five-digit ZIP code into our FREE quote comparison tool below to get the best Chevy Malibu insurance rates.

What are the safety ratings for the Chevrolet Malibu?

Looking at the Chevrolet Malibu safety ratings can help you discover which discounts you may qualify for, and what might be costing you extra money. 

Take a look at this vehicle’s safety ratings below:

• Small overlap front (driver-side): Good
• Small overlap front (passenger-side): Marginal
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

A rating of ‘Good’ is the highest possible score given by the Insurance Institute for Highway Safety. These nearly perfect ratings will help minimize your car insurance rates.

Because it was redesigned in 2008, you can use the 2008 Chevy Malibu price range and safety ratings as a good starting point for all newer versions of this car. 

Just remember, the 2012 Chevrolet Malibu costs will be higher because it’s newer. The same goes for the 2016 Chevrolet Malibu costs, and of course the 2018 Chevrolet Malibu costs, and so one and so forth. 

You may be wondering are Chevy Malibu parts expensive to replace? If so, insurance companies will charge more for coverage. Unfortunately, these cars are pricier to fix. For example, the 2016 Malibu price range is above average.

Chevrolet Malibu Compared Against other Vehicles in the Same Class

Comparing the Chevrolet Malibu to similar vehicles can help you save money, especially if the Chevrolet Malibu has a better loss ratio than other vehicles in its class. 

Is a Chevy Malibu a sports car? No, officially, the Insurance Institute for Highway Safety classifies it as a midsize four-door sedan. There are different variations, like the 2012 Malibu LT2, and the 2018 Malibu LTZ. 

Take a look at some other comparable vehicles below.

• Hyundai Sonata
• Kia Optima
• Volkswagen Passat 

Unfortunately, the Chevrolet Malibu has substantially worse than average personal injury and medical payment insurance loss ratios, at 43 percent and 62 percent respectively. The bodily injury insurance loss ratio is worse than average at 28 percent. These numbers definitely lead to higher insurance rates. 

Let’s talk about how much does a Malibu cost based on the model age. How much does a brand new Chevy Malibu cost? Depending on what model you choose, the cost is right under $30,000 in total. 

Older versions will cost less. How much is a 2012 Malibu worth? A 2012 Chevy Malibu costs around $23,000, and a 2015 Malibu costs just a little more. 

For those wanting to buy used, an older 2008 Chevy Malibu is worth under $3,000 total. This is similar to how much a 2006 Chevy Malibu is worth. When you get to the 2011 Malibu costs, the totals jump back above $20,000. 

Asking is the 2020 Chevy Malibu a good car is pretty subjective, so don’t hesitate to take a Chevy Malibu LTZ 2020 model for a test drive before choosing to buy.

Research is important when looking at car models. For example. when it comes to how much is a Chevy Malibu 2018 model, the total cost is lower than older Malibus due to electrical issues that cause the engine to fail. Therefore, how much a 2012 Chevy Malibu is worth is more than the 2018 model. 

You’re now an expert on getting the best Chevy Malibu insurance quotes. Ready to see your low-cost quotes? Just enter your ZIP code into our FREE quote comparison tool to get the best Chevy Malibu car insurance rates from top auto insurance companies.