Finding competitive car insurance for a Chevrolet Malibu is dependent upon a lot of rating criteria such as annual vehicle mileage, if you have prior claims, and any driving offenses on your record. Missouri drivers pay around $686 each year to insure their Malibu, but that price is an estimate based on a 40-year-old single female driver with full physical damage coverage and $1,000 deductibles.
This brings up the issue that more than likely you aren’t exactly 40 years old or even a female, possibly married instead of single, and maybe you want different deductibles. Having what appears to be a very minor change in rating criteria can make a big difference in the cost of a policy.
Not everyone needs the same coverages, so the only way to find cheap insurance rates for your Chevrolet is to just take the time to compare rates yourself. Rate quotes are easy and you will get price quotes from some of the cheapest companies that insure Chevrolet vehicles in Missouri.
The specific trim level will likely have an effect on the yearly cost, so the price you will be charged to insure a Malibu LS model will cost $60 less than the insurance cost for the more expensive Malibu LTZ trim level, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Malibu LS | $122 | $246 | $346 | $20 | $104 | $838 | $70 |
| Malibu Hybrid | $122 | $246 | $346 | $20 | $104 | $838 | $70 |
| Malibu LT | $138 | $246 | $346 | $20 | $104 | $854 | $71 |
| Malibu LTZ | $138 | $290 | $346 | $20 | $104 | $898 | $75 |
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in vehicle garaging location which can alter rates substantially.
Best insurance company in Missouri
Selecting the top company is difficult considering how many companies there are in Missouri. The ranking information below may help you select which car insurance companies to look at when shopping insurance around for a Chevrolet Malibu.
The ratings below are only made up of companies with a nationwide focus, so companies that may only write in Missouri are not taken into consideration for the list. To compare rates from these and other companies in Missouri, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
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Data Source: Insure.com Best Car Insurance Companies
Get discount Kansas City insurance rates
Insurance providers that offer quotes for a Chevrolet Malibu may also give you policy discounts that could lower prices by as much as 30% if you meet specific eligibility requirements. A list of insurance companies and their offered discounts are shown below.
- GEICO may include discounts for multi-vehicle, multi-policy, military active duty, driver training, air bags, and five-year accident-free.
- MetLife offers discounts including good driver, multi-policy, accident-free, claim-free, and good student.
- State Farm discounts include anti-theft, multiple autos, good driver, multiple policy, passive restraint, and driver’s education.
- Progressive may have discounts that include multi-vehicle, homeowner, online quote discount, continuous coverage, good student, and multi-policy.
- Mercury Insurance may offer discounts for annual mileage, ease of repair, professional/association, multi-policy, good student, multi-car, and age of vehicle.
- 21st Century includes discounts for theft prevention, teen driver, automatic seat belts, driver training, student driver, and early bird.
- Allstate has savings for safe driver, premier discount, premier plus, passive restraint, and defensive driver.
The illustration below shows the difference between auto insurance rates with and without discounts being applied to the rates. The rate quotes are based on a female driver, no claims or violations, Missouri state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with defensive driving course, passive restraint, multiple policy, homeowner, safe-driver, and anti-theft discounts applied. When discounts are factored in, theaverage amount saved on insurance for a Chevrolet Malibu is 28% or $357.
Full coverage rates compared to liability-only
Reducing premiums for insurance is important to most vehicle owners, and an effective way to find cheap insurance for a Chevrolet Malibu is to only buy liability coverage. The diagram below illustrates the comparison of insurance prices with full physical damage coverage compared to only buying liability only. The prices are based on a clean driving record, no claims, $100 deductibles, marital status is single, and no policy discounts are applied.
As an overall average, physical damage insurance costs $1,816 per year more than insuring for liability only. That may make you wonder if physical damage coverage is worth the money. There isn’t a steadfast formula of when to stop paying for full coverage, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
There are a few cases where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
The chart below illustrates how your deductible choice can raise or lower insurance rates when quoting cheap insurance for a Chevrolet Malibu. The rates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could reduce rates by $216 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $328 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could lower their rates $542 each year just by using higher deductibles. When increasing deductibles, it will be important to have enough in a savings account to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
The insurance agents in Kansas City listed below can most likely help you determine which auto insurance coverages would be the best in your situation, as many people would rather get some guidance when shopping around for cheaper insurance for a Chevrolet Malibu. It can be hard to find the best policy on your own, so insurance agents can give you peace of mind knowing your policy gives you adequate coverage if you have an accident or claim.
To locate a Kansas City insurance agent using an interactive map, click the button following the list or click here to get price quotes now.
- ABBA Insurance, LLC
315 E 18th Ave – Kansas City, MO 64116 – (816) 454-8833 - Safeway Insurance Agency
3600 Broadway Suite 110 – Kansas City, MO 64111 – (816) 931-1222 - Traders Insurance Co
9300 Troost Ave – Kansas City, MO 64131 – (816) 333-5030 - Banuelos Insurance Agency LLC
902 Southwest Blvd – Kansas City, MO 64108 – (816) 994-3600