Save Money on Chevy Malibu Insurance in Nashville

Scraping up a payment for overpriced Chevrolet Malibu insurance in Nashville can consume your savings account and force you to make sacrifices. Doing a price comparison is an excellent way to make sure you’re not throwing money away.

It’s an obvious conclusion that auto insurance companies want to keep you from comparing rates. People who shop around for cheaper prices will most likely move their business because they stand a good chance of finding coverage at a more affordable price. A recent survey revealed that consumers who compared prices regularly saved as much as $865 annually as compared to drivers who didn’t regularly shop around.

If saving money on Chevy Malibu insurance is your ultimate goal, then having an understanding of how to find and compare cheaper coverage can help you succeed in saving money.

Because you have many choices for buying affordable insurance for a Chevy Malibu in Nashville, it’s nearly impossible to locate the lowest price insurance company.

Consumers should take time to compare premium rates periodically because insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the best deal on Chevy Malibu insurance in Nashville two years ago a different company probably has better rate quotes today. Ignore everything you know about insurance because we’re going to show you the only way to remove unneeded coverages and save money.

This article will introduce you to the best ways to compare prices and also save some money in the process If you’re already insured, you should be able to cut your premiums using the techniques covered below. Although Tennessee vehicle owners should learn how companies determine what you pay because it can help you find the best coverage.

Cheapest auto insurance in Nashville, TN

The companies in the list below have been selected to offer free rate quotes in Tennessee. If multiple companies are listed, we recommend you visit several of them to find the cheapest auto insurance rates.

Premium rates and analysis

The rate information below outlines estimates of policy rates for Chevy Malibu models. Having a good understanding how rates are determined can help customers make informed decisions.

Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in garaging location in Nashville which can influence premiums noticeably.

Physical damage deductibles: Should you raise them?

When shopping for car insurance, a common question is what deductibles to buy. The comparison tables below can help you understand the rate fluctuation when you select higher and lower deductibles. The first set of rates uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Information does not factor in specific zip code location which can affect coverage prices noticeably.

We can estimate from the data above that using a $100 deductible costs about $30 more each month or $360 a year than selecting the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 30 months between claims, you would probably save some money by going with a higher deductible.

Male drivers versus female drivers

The information below illustrates the difference between Chevy Malibu car insurance rates for male and female drivers. The price estimates are based on no violations or claims, full physical damage coverage, $100 deductibles, single status, and no other discounts are factored in.

Why You Might Pay Higher Rates in Nashville

Consumers need to have an understanding of the rating factors that play a part in calculating the rates you pay for auto insurance. When consumers understand what impacts premium levels, this helps enable you to make changes that could result in better auto insurance rates.

The itemized list below are some of the most common factors used by insurance companies to determine premiums.

• Older drivers are lower risk – Older drivers have been proven to be more responsible, statistically cause fewer accidents, and usually have better credit. Beginning drivers have a tendency to be less responsible when driving with friends and because of this, their auto insurance rates are much higher.

  The data below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Getting married can lower rates – Getting married can actually save you money when shopping for auto insurance. Having a significant other demonstrates that you tend to be more mature and responsible it has been statistically shown that drivers who are married are more cautious.
• Discounts for theft deterrents – Buying a car with anti-theft technology or alarm system can help lower your rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop car theft and help bring rates down.
• Prices may be lower depending on your employer – Did you know your auto insurance rates can be affected by your occupation? Occupational choices like real estate brokers, architects, and emergency personnel generally pay the highest average rates due to intense work situations and long work days. Other jobs such as scientists, engineers and homemakers have the lowest average rates.

• Avoid tickets and save – Drivers with clean records get better prices than people who have multiple driving citations. Getting just one chargeable violation may increase your cost by as much as twenty percent. People who have dangerous violations such as reckless driving, hit and run or driving under the influence may face state-mandated requirements to submit a SR-22 form with their state’s licensing department in order to prevent their license from being revoked.

  The information below highlights how speeding tickets and fender-benders can affect Chevy Malibu insurance rates for different age groups. The rate quotes are based on a married male driver, full coverage, $250 deductibles, and no other discounts are factored in.

• Continuous auto insurance coverage saves money – Having a lapse in insurance coverage is a guaranteed way to pay more for auto insurance. And not only will insurance be more expensive, failure to provide proof of insurance might get you fines or a revoked license.

• Fast cars cost more to insure – The performance level of the vehicle you drive makes a big difference in your auto insurance rates. Low performance passenger vehicles usually are quite affordable to insure, but your final cost has many other factors.

  The data below is based on a married female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It shows Chevrolet Malibu insurance premiums compared to other models of vehicles that have a range of risk factors.

• Your location is important – Residing in smaller towns and rural areas of the country is a positive aspect when it comes to auto insurance. Urban drivers have to deal with more traffic problems and more time behind the wheel. Fewer drivers means fewer accidents and also fewer theft and vandalism claims.

• Loss statistics for a Chevy Malibu – Companies analyze claim trends for every vehicle to calculate a rate that will offset any claims. Models that historically have high amounts or severity of claims will have higher rates for specific coverages.

  The information below illustrates the historical loss data for Chevy Malibu vehicles. For each coverage category, the loss probability for all vehicles averaged together equals 100. Values that are below 100 mean the vehicle has better than average losses, while numbers above 100 indicate a higher chance of having a claim or a tendency for losses to be larger than average.

  
  

  Chevrolet Malibu Insurance Loss Statistics

  Specific Chevrolet Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Chevrolet Malibu	94	100	109	139	145	120

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Chevy Malibu insurance discounts in Nashville

Car insurance is easily one of your largest bills, but companies offer discounts that can dramatically reduce your bill. Some trigger automatically at the time of quoting, but some must be specially asked for prior to getting the savings.

• Homeowners Savings – Owning your own home or condo may earn you a small savings because it requires a higher level of personal finance.
• Resident Student – Kids who are enrolled in a college that is more than 100 miles from Nashville and won’t have access to an insured vehicle may qualify for this discount.
• Theft Deterrent – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and that can save you a little bit as well.
• Seat Belts Save – Forcing all vehicle occupants to buckle their seat belts can save up to 15% off PIP or medical payments premium.
• Payment Method – If you pay your entire premium ahead of time rather than paying monthly you can avoid the installment charge.
• Discounts for Multiple Vehicles – Buying a policy with multiple cars on a single policy could earn a price break for each car.

One thing to note about discounts is that most credits do not apply to the whole policy. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business. But any discount will definitely reduce your policy premiums.

The chart below illustrates the comparison of Chevy Malibu insurance costs with and without discounts. The data is based on a male driver, no driving violations, no at-fault accidents, Tennessee 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, multi-policy, multi-car, marriage, claim-free, and safe-driver discounts applied.

Car insurance companies who may offer these benefits include:

• GEICO
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

If you need lower rates, check with each company to apply every possible discount. Some discounts listed above might not apply in your state.

Local Nashville insurance agencies

Many people would rather get advice from a local agent and there is nothing wrong with that. An additional benefit of comparing insurance prices online is the fact that drivers can get lower prices and still choose a local agent. Buying from small agencies is definitely important in Nashville.

Upon completion of this form (opens in new window), your coverage information is submitted to companies in Nashville who will give competitive quotes to get your business. It makes it easy because there is no need to contact an agency because prices are sent to you instantly. It’s the lowest rates and work with a local agent. If you have a need to get a price quote from one company in particular, feel free to jump over to their website and fill out their quote form.

Exclusive or Independent: There is a difference

If you are wanting to find a reliable insurance agent, it’s important to understand the different agency structures and how they operate. Insurance agencies in Nashville are classified as either exclusive or independent (non-exclusive).

Independent Auto Insurance Agents

Agents that elect to be independent can quote rates with many companies so they can insure your vehicles with multiple insurance companies and potentially find a lower price. To transfer your coverage to a different company, your agent can switch companies and you stay with the same agent.

When shopping rates, we highly recommend that you include multiple independent agents so that you have a good selection of quotes to compare.

Listed below is a list of independent insurance agencies in Nashville who may be able to give you rate quotes.

More insurance agents

Exclusive Insurance Agents

Agents that elect to be exclusive can usually just insure with one company such as American Family, State Farm, and Allstate. They usually cannot provide rate quotes from other companies so they are skilled at selling on more than just price. Exclusive agents are well trained on sales techniques and that allows them to sell at a higher price point.

Listed below is a list of exclusive insurance agents in Nashville who can help you get comparison quotes.

More insurance agents

Picking the best insurance agent is decision based upon more than just a low price. Here are some questions you might want to ask.

• Will you work with the agent or an assistant?
• How long has their agency been in business in Nashville?
• How experienced are they in personal risk management?
• Will you get a loaner vehicle if you car is being repaired?
• Do they have a Better Business Bureau rating in Nashville?
• Is there a 24/7 contact number?
• Will they make sure you get an adequate claim settlement?

In the end, you can save money

Affordable Chevy Malibu insurance in Nashville is available online and also from your neighborhood Nashville agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance providers don’t offer rate quotes online and many times these smaller providers work with independent insurance agencies.

We just covered some good ideas how you can shop for Chevy Malibu insurance online. The key concept to understand is the more quotes you get, the higher your chance of finding affordable Chevrolet Malibu insurance quotes. You may even be surprised to find that the lowest premium rates are with a small local company. They can often provide lower prices in certain areas compared to the large companies like State Farm, GEICO and Nationwide.

When trying to cut insurance costs, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that it was a big mistake. Your goal should be to buy the best coverage you can find at an affordable rate and still be able to protect your assets.

How to buy discount Chevy Malibu insurance in Nashville

Really, the only way to find low-cost car insurance rates is to compare prices once a year from providers that insure vehicles in Nashville. Prices can be compared by following these steps.

First, try to learn about the coverage provided by your policy and the measures you can control to prevent expensive coverage. Many rating criteria that increase rates like high-risk driving behaviors and an unacceptable credit score can be improved by paying attention to minor details.

Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can quote prices from multiple insurance companies.

Third, compare the new quotes to the premium of your current policy to see if a cheaper price is available in Nashville. If you find better rates, verify that coverage does not lapse between policies.

Fourth, provide proper notification to your current company to cancel your existing policy. Submit the required down payment along with the signed application for your new policy. As soon as you have the new policy, keep your new certificate verifying coverage in a readily accessible location in your vehicle.

The most important part of shopping around is to make sure you enter the same liability limits and deductibles on every quote and and to get price quotes from as many companies as feasibly possible. Doing this helps ensure an apples-to-apples comparison and a complete price analysis.

For more information, link through to the following helpful articles:

• Credit Impacts Car Insurance Rates (State Farm)
• Who Has Affordable Car Insurance for a Toyota Corolla in Nashville? (FAQ)
• Who Has Affordable Auto Insurance Quotes for Homeowners in Nashville? (FAQ)
• Who Has Affordable Nashville Car Insurance Quotes for Real Estate Agents? (FAQ)
• How Much is Car Insurance for Welfare Recipients in Nashville? (FAQ)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Crash Avoidance Technologies FAQ (iihs.org)