Finding cheap coverage for a Chevrolet Malibu in Florida is dependent upon a whole bunch of factors such as the mileage of your daily commute, the likelihood of your vehicle being stolen, and citations on your driving record. Drivers in Florida will pay around $908 per year to insure their Malibu, but that cost is an estimation using a 30-year-old married male driver with full physical damage coverage and $1,000 deductibles.
More likely than not, you may not be 30 years old (or even male), possibly single instead of married, or maybe you just want liability only. This demonstrates why the way we recommend to find the cheapest insurance price for your Chevrolet is to do the rate comparisons yourself.
The trim level of your Malibu will likely have an effect on the annual cost of coverage, so the price you will pay to insure a Malibu LS trim level will be $84 cheaper than the insurance cost for the higher-priced Malibu LTZ model, as shown by the rates below.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
Malibu LS | $200 | $342 | $418 | $24 | $124 | $1,108 | $92 |
Malibu Hybrid | $200 | $342 | $418 | $24 | $124 | $1,108 | $92 |
Malibu LT | $224 | $342 | $418 | $24 | $124 | $1,132 | $94 |
Malibu LTZ | $224 | $402 | $418 | $24 | $124 | $1,192 | $99 |
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price information does not factor in specific garaging location which can lower or raise price quotes greatly.
Orlando auto insurance companies ranked
Buying coverage from the best car insurance provider can be a challenge considering how many companies are available to choose from in Orlando. The company rank data displayed below can help you choose which providers to look at putting your business with.
These ratings are for companies that insure vehicles across America, so companies without a large exposure are not factored into these rankings. To compare rates from many more Florida auto insurance companies, click this link.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
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Data Source: Insure.com Best Car Insurance Companies
The diagram below shows how choosing a deductible can affect insurance costs when trying to find cheap insurance for a Chevrolet Malibu. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 50-year-old driver could pocket $424 a year by switching from a $100 deductible to a $500 deductible, or save $642 by changing to a $1,000 deductible. Youthful drivers, like the age 20 example, can cut up to $1,386 or more just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it will be important to have plenty of money set aside to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Here’s why price comparisons are so important
Florida auto insurance rates are based on many factors which can substantially decrease or increase the price of coverage. Simply having another birthday, adding a teenager to your policy, or getting a speeding ticket can trigger price changes that can cause some rates to be more affordable than others.
Not only may your risk profile change, but companies change rates every year in order to be able to pay unexpected claims. A period of higher than normal claims may result in higher prices, while a better claims history may result in cheaper Malibu insurance rates.
As an example, the graph below shows which companies have the cheapest car insurance in Orlando, FL for a 35-year-old female driver with no accidents, a clean driving record, and good credit. If we estimate rates based on her current risk profile, USAA may have the lowest car insurance rates in Orlando at $1,180 a year. This is $1,268 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the rest of the most affordable Orlando, FL auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a claim surcharge, poor credit, and a few blemishes on her driving record. Because each company has a different process to set premium rates, comparing prices most likely will result in a new list of the cheapest Orlando car insurance companies as shown below.
USAA now has the best auto insurance rate in Orlando with Allied, Esurance, State Farm, and Auto-Owners also being competitive. This shows why it is critical to shop around to find the most budget-friendly car insurance rates for a Chevrolet Malibu.
Insurance rates can be determined by many risk factors and can change without notice, so the best company the last time you checked may now be quite expensive.
How to find cheaper insurance for a Chevrolet Malibu
Here are a few thrifty ideas that can help you find cheap auto insurance.
- Accident-free drivers may qualify for discounts
- Claim-free policyholders usually earn a discount
- Drop full coverage on older vehicles
- Avoid speeding and other traffic citations and pay less
- Increase deductibles to save money
- Keep rates low by comparing prices once a year
The last item on the list is notably vital, as was discussed in the article above. Insurance prices can change significantly in a year, so don’t be unwilling to switch to a new company if a cheaper rate is available. Loyalty to a specific company is fine, but it’s not a good idea if that loyalty ends up costing hundreds of dollars year after year. Spend a few minutes and compare rates to find cheaper car insurance for a Chevrolet Malibu in Orlando.
The Orlando auto insurance agencies shown below can probably provide answers to your questions and help you determine which insurance coverage will be best for you, since some drivers have questions and prefer to have some professional guidance when buying car insurance for a Chevrolet Malibu. It’s not always easy to find the cheapest auto insurance company, so getting professional guidance from a licensed agent can provide you comfort knowing you have sufficient coverage at claim time.
To locate an Orlando insurance agent close to where you live, click the button at the bottom of the list or click here to compare rates now.
- J Meyers Insurance Agency
5003 Old Cheney Hwy – Orlando, FL 32807 – (407) 273-0230 - Brad Shivers Insurance Agency
1060 Woodcock Rd – Orlando, FL 32803 – (407) 601-1835 - Talmadge Commercial Insurance Agency
111 W Jefferson St – Orlando, FL 32801 – (407) 701-6321 - Gingerbread Insurance Agency
8000 S Orange Ave #201 – Orlando, FL 32809 – (407) 309-9949 - Mike Broschart – State Farm Insurance Agent
4638 S Kirkman Rd – Orlando, FL 32811 – (407) 298-2700