Cheap Quotes for Chevy Malibu Insurance in New Orleans

It takes a little time, but the best way to get low-cost Chevy Malibu insurance in New Orleans is to compare prices once a year from insurers who sell insurance in Louisiana. Drivers can shop around by following these guidelines.

First, try to learn a little about the coverage provided by your policy and the steps you can take to keep rates low. Many risk factors that result in higher rates like speeding tickets, careless driving and a lousy credit rating can be amended by paying attention to minor details. Later in this article we will cover tips to help reduce prices and get additional discounts.

Second, quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO or State Farm, while independent agents can provide price quotes from multiple companies.

Third, compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you can save money and change companies, verify that coverage does not lapse between policies.

The most important part of this process is that you’ll want to make sure you compare the same liability limits and deductibles on every quote request and and to look at every company you can. This enables the most accurate price comparison and the best price quote selection.

Unimaginable but true, a large majority of drivers renewed their policy with the same company for at least four years, and about 40% of consumers have never shopped around. The average driver in the U.S. can save hundreds of dollars each year by just comparing rate quotes, but most just don’t grasp how much savings they would realize if they switched.

Why Your Insurance Prices might be higher

Many things are part of the equation when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but other criteria are less apparent like your continuous coverage or your commute time. It’s important that you understand a few of the rating criteria that aid in calculating the rates you pay for insurance. If you understand what positively or negatively impacts your premiums, this enables informed choices that could help you find much lower annual insurance costs.

Youthful vs. older drivers – Beginning drivers in Louisiana have a tendency to be careless and easily distracted when behind the wheel so insurance rates are higher. Having to add a first-time driver to your insurance policy can break the bank. Older people are more responsible, are lower risk to insure, and receive fewer citations.

The following chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Save money by raising deductibles – Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Chevy. A few examples of covered claims are a broken windshield, damage from fire, or theft. Deductibles for physical damage define how much you are required to spend if you file a covered claim. The more damage repair cost you choose to pay out-of-pocket, the lower your rates will be.

Your location is a factor – Living in areas with lower population has definite advantages when it comes to insurance. Fewer drivers and short commutes means fewer accidents and lower theft and vandalism rates. People who live in big cities have more auto accidents and a longer drive to work. Longer commute distances translates into higher accident risk.

Too many policy claims drive up premiums – If you are a frequent claim filer, don’t be surprised to see either a policy non-renewal or much higher rates. Auto insurance companies in Louisiana give the lowest premiums to drivers who do not file claims often. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.

Single vs. married – Being married helps lower the price on insurance. Having a significant other means you’re more mature than a single person and it’s statistically proven that drivers who are married are more cautious.

Do you know you’re credit score? – Having a bad credit history is a large factor in your rate calculation. Therefore, if your credit history is lower than you’d like, you could save money insuring your Chevrolet Malibu by repairing your credit. Insureds that have very high credit ratings tend to be more responsible than those with lower ratings.

Costs are impacted by vehicle performance – The type of car, truck or SUV you own makes a big difference in determining your rates. Small economy passenger models generally have the cheapest insurance rates, but other factors influence the final cost greatly.

The chart below assumes a married female driver age 40, full coverage with $250 deductibles, and no discounts or violations. The chart compares Chevrolet Malibu insurance rates compared to other models that have a range of risk factors.

Know your vehicle’s IIHS safety rating – Cars with five star safety ratings get lower rates. Highly rated vehicles reduce occupant injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims which can result in lower premiums.

Insurance loss statistics a Chevy Malibu – Companies use past loss statistics for each vehicle when they file their rates in each state. Vehicles that are shown to have higher number or severity of losses will have a higher premium rate.

The data below shows the insurance loss data for Chevy Malibu vehicles. For each coverage category, the statistical loss for all vehicles as a whole is equal to 100. Values below 100 represent a good loss history, while numbers that are greater than 100 indicate higher probability of having a loss or tendency to have larger claims.

Most larger insurance companies such as State Farm and Allstate give prices for coverage directly from their websites. Getting quotes for Chevy Malibu insurance in New Orleans is pretty painless because you just enter your coverage preferences into the form. When the form is submitted, their system requests credit information and your driving record and generates a price. Using the web to get rate quotes for Chevy Malibu insurance in New Orleans simplifies rate comparisons, and it’s also necessary to have as many quotes as possible if you want to get the best rate.

To quickly find out if lower rates are available, compare rate quotes from the providers shown below. If you have your current policy handy, we recommend you enter the limits and deductibles as shown on your current policy. This helps ensure you will have rate comparison quotes for similar insurance coverage.

The companies shown below are ready to provide price quotes in New Orleans, LA. If your goal is to find cheap auto insurance in LA, it’s a good idea that you get rates from several of them in order to get a fair rate comparison.

Premium rates and analysis

The price information displayed next covers estimates of insurance costs for Chevy Malibu models. Being able to understand how auto insurance premiums are determined is important for making smart buying decisions.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in your specific New Orleans location which can influence rates significantly.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is how high should the physical damage coverage deductibles be. The rates below summarize the difference in cost between high and low coverage deductibles. The first rate estimation uses a $100 deductible for physical damage and the second rate chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Information does not factor in garaging location in New Orleans which can lower or raise coverage prices considerably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $32 more each month or $384 each year across all Chevrolet Malibu models than selecting the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 13 months between claim filings, you would save money if you opt for a higher deductible.

The example below highlights how deductible choice and can raise or lower Chevy Malibu yearly insurance costs for each different age category. The data assumes a single female driver, full coverage, and no discounts are applied to the premium.

Best reasons to buy insurance in Louisiana

Despite the high insurance cost for a Chevy Malibu in New Orleans, insurance is required in Louisiana but it also protects you in many ways.

• Just about all states have compulsory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance if you want to drive legally. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your Chevy Malibu, almost every bank will force you to buy full coverage to guarantee loan repayment. If you do not keep the policy in force, the bank will be required to insure your Chevy at a more expensive rate and force you to pay much more than you were paying before.
• Insurance protects both your assets and your car. It will also pay for many types of medical costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance outweigh the cost, especially when you need to use it. But the average American driver is currently overpaying as much as $865 each year so smart consumers compare quotes every year to save money.

Take policy discounts and save on Chevy Malibu insurance in New Orleans

Some insurers don’t always publicize all possible discounts in an easy-to-find place, so the list below gives a summary of some of the more common and the harder-to-find savings tricks you should be using when you buy New Orleans auto insurance online.

• Drivers Education – Require your teen driver to enroll in driver’s education in school.
• New Orleans Homeowners Discount – Just being a homeowner can help you save on auto insurance since owning and maintaining a home demonstrates responsibility.
• No Accidents – Drivers who don’t have accidents pay less as compared to drivers who are more careless.
• Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to wear their seat belts could cut 10% or more off PIP or medical payments premium.
• Save with a New Car – Insuring a new Malibu can get you a discount due to better safety requirements for new vehicles.
• Full Payment Discount – If you pay your bill all at once as opposed to paying monthly you may have a lower total premium amount.
• Passenger Safety Discount – Vehicles equipped with air bags can get savings of 20 to 30 percent.
• Auto/Life Discount – Not all companies offer life insurance, but some may give you a small discount if you purchase some life insurance in addition to your auto policy.
• Telematics Data – Drivers that enable driving data submission to analyze driving patterns through the use of a telematics system such as State Farm’s In-Drive may get a rate reduction if their driving habits are good.

You should keep in mind that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, it just doesn’t work that way. Any amount of discount will positively reduce the cost of your policy.

The chart below illustrates the comparison of Chevy Malibu insurance prices with and without discounts applied to the premium. The premium estimates are based on a male driver, no accidents, no driving violations, Louisiana state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, multi-policy, marriage, and claim-free discounts applied.

If you would like to view insurance companies offering auto insurance discounts in New Orleans, click this link.

Auto insurance agents can help

A lot of people would prefer to get professional advice from a licensed agent. Professional insurance agents can help you choose the best coverages and help you file claims. A nice benefit of price shopping on the web is the fact that you can find cheap insurance rates but also keep your business local.

By using this simple form, your coverage information is emailed to local insurance agents that can give you free New Orleans auto insurance quotes for your coverage. It’s much easier because you don’t need to do any legwork because prices are sent immediately to you. If you want to get a price quote from a specific insurance provider, feel free to go to their quote page and fill out their quote form.

Picking an company requires more thought than just the bottom line cost. These are some questions you should get answers to.

• Do the coverages you’re quoting properly cover your vehicle?
• Is there a 24/7 contact number?
• Who is covered by the car insurance policy?
• How many companies do they write for?
• Which insurance company do they prefer to write with?
• What are their preferred companies if they are an independent agency?

Is an exclusive or independent car insurance agent right for you?

If you want to buy insurance from a local agent, it’s important to understand the different types of agents and how they can service your needs differently. Insurance policy providers are categorized either independent (non-exclusive) or exclusive. Both types of agents can sell affordable insurance policies, but it’s a good idea to understand the difference in the companies they write for since it can affect the type of agent you choose.

Exclusive Insurance Agents

Agents of this type generally can only insure with one company and examples are State Farm or Allstate. Exclusive agents are unable to provide other company’s prices so you need to shop around if the rates are high. Exclusive insurance agents receive a lot of sales training on their company’s products and that can be a competitive advantage.

Below is a list of exclusive agents in New Orleans who can help you get price quote information.

More insurance agents

Independent Agents

Independent agencies are normally appointed by many insurers so as a result can place your coverage with many different companies and potentially find a lower price. If they quote lower rates, they simply switch companies in-house and you can keep the same agent. If you need lower rates, we highly recommend that you get quotes from a couple of independent agencies to maximize your price options.

Listed below is a list of independent agents in New Orleans willing to provide price quotes.

More insurance agents

How to find a good New Orleans auto insurance company

Choosing the highest-rated insurance company is difficult considering how many companies provide coverage in New Orleans. The information listed below could help you choose which car insurance companies to look at when shopping around.

Top 10 New Orleans Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%

Top 10 New Orleans Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. The Hartford – A+
9. Allstate – A+
10. Nationwide – A+

Persistence is the key to affordable rates

Some insurance companies may not have online rate quotes and these regional carriers only sell through independent agencies. Lower-priced Chevy Malibu insurance in New Orleans is available both online in addition to many New Orleans insurance agents, so you need to compare both to get a complete price analysis.

We covered quite a bit of information on how to shop for Chevy Malibu insurance online. The key concept to understand is the more companies you get rates for, the higher your chance of finding cheaper New Orleans auto insurance quotes. You may even be surprised to find that the lowest prices are with an unexpected company. They may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive and GEICO.

As you prepare to switch companies, it’s not a good idea to sacrifice coverage to reduce premiums. Too many times, someone dropped full coverage only to regret at claim time that they should have had better coverage. The goal is to get the best coverage possible for the lowest cost while not skimping on critical coverages.

To learn more, link through to the resources below:

• Safety Tips for Teen Drivers (Insurance Information Institute)
• Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in New Orleans? (FAQ)
• Who Has Cheap New Orleans Auto Insurance Rates for a GMC Sierra? (FAQ)
• Who Has the Cheapest New Orleans Car Insurance Rates for a School Permit? (FAQ)
• How Much is Auto Insurance for Good Students in New Orleans? (FAQ)
• How to Avoid Staged Accidents (State Farm)
• Vehicle Size and Weight FAQ (iihs.org)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)