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.

Average insurance rates for a Chevrolet Malibu are $1,356 a year for full coverage insurance. Comprehensive costs an estimated $294, collision costs $506, and liability is $398. Buying just liability costs around $460 a year, with insurance for high-risk drivers costing around $2,928. Teen drivers receive the highest rates at $5,060 a year or more.

Average premium for full coverage: $1,356

Rate estimates broken down by individual coverage type:

These estimates include $500 policy deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 states and for different Malibu trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can make a big difference on the price of insurance. More rural locations tend to have lower incidents of physical damage claims than larger metro areas.

The price range example below illustrates how your location can change insurance prices.

These examples illustrate why anyone shopping for car insurance should compare rates quotes for a targeted area, instead of making a decision based on price averages.

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

More Rate Information

The chart below illustrates estimated Chevrolet Malibu insurance rates for other coverage scenarios.

• The lowest rate with discounts is $786
• Raising to $1,000 deductibles will save approximately $180 each year
• The estimated price for a 40-year-old driver who has $500 deductibles is $1,356
• Choosing more expensive low deductibles bumps up the cost to $1,710
• Drivers with multiple violations and an at-fault accident could pay up to $2,928 or more
• The cost that insures a 16-year-old driver with full coverage can cost as much as $5,060

View Chart as Image

Auto insurance rates for a Chevrolet Malibu can also vary considerably based on the model year and trim level, your age and driving record, and liability limits and deductibles.

If you like to drive fast or you caused an accident, you are probably paying $1,600 to $2,200 in extra premium per year, depending on your age. High-risk driver insurance is expensive and can cost from 43% to 132% more than average. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may pay as low as $1,300 every 12 months on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will have to pay at least $5,000 a year. View Rates by Age

Where you live also has a big influence on Chevrolet Malibu insurance prices. A middle-age driver might find rates as low as $890 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,830 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing high deductibles can reduce rates by up to $540 annually, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $358 extra every year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to figure out which company is cheapest is to compare rates from multiple companies. Every auto insurance company uses a different rate calculation, and quoted rates can be significantly different.

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 Cheap Chevrolet Malibu Insurance

Saving money on insurance for a Chevrolet Malibu consists of being a good driver, maintaining a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Shop around every couple of years by requesting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following list is a brief summary of the material that was illustrated above.

• Insureds who want an increased level of liability coverage will pay about $440 annually to raise from a minimum limit to the 250/500 level
• Drivers age 16 to 20 are the costliest to insure, costing up to $422 per month if the policy includes full coverage
• Drivers considered higher risk that tend to have accidents or serious violations may have to pay on average $1,570 more annually than a safer driver
• Increasing deductibles can save approximately $525 each year

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.