Chevy Malibu Insurance Quotes in Plano

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Insurance for Chevy MalibuHaving to pay for pricey Chevrolet Malibu insurance in Plano can diminish your checking account and force you to tighten up your finances.

It's safe to assume that car insurance companies want to prevent you from shopping around. People who shop around at least once a year are highly likely to switch to a new company because the odds are good of finding lower prices. A survey found that drivers who compared rates annually saved approximately $3,450 over four years compared to policyholders who never shopped around for better prices.

If finding the lowest rates on auto insurance is your ultimate objective, knowing the best ways to shop for cheaper coverage can save time, money, and frustration.

How to find better rates for Chevy Malibu insurance in Plano

If you want to save money, the best way to get affordable car insurance rates is to do a yearly price comparison from insurance carriers who provide car insurance in Plano. You can compare rates by completing these steps.

  1. Gain an understanding of how companies set rates and the things you can change to keep rates in check. Many rating factors that result in higher prices like multiple speeding tickets and poor credit history can be rectified by making minor driving habit or lifestyle changes. Continue reading for more information to prevent high rates and find possible discounts that are available.
  2. Compare prices from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can quote prices for a wide range of companies.
  3. Compare the new rate quotes to your existing policy and see if you can save money. If you find a better price and change companies, make sure coverage is continuous and does not lapse.
  4. Provide adequate notice to your current company to cancel your current coverage and submit a signed application and payment for your new policy. Immediately put the certificate verifying proof of insurance in a readily accessible location in your vehicle.

A valuable tip to remember is that you'll want to compare identical limits and deductibles on each price quote and and to get rate quotes from every company you can. This provides the most accurate price comparison and the best rate selection.

You have so many insurers to pick from, and even though it's nice to have multiple companies, it makes it harder to compare company pricing for Chevy Malibu insurance in Plano.

The quickest way to get rate comparisons for Chevy Malibu insurance in Plano utilizes the fact most larger insurance companies have advanced systems to compare their rates. To begin a comparison, all you need to do is provide the companies a bit of rating information such as what you do for a living, whether or not you need a SR-22, if it has an alarm system, and if you lease or own. Those rating factors gets sent immediately to multiple insurance providers and you will receive price estimates quickly.

To compare cheaper Chevy Malibu insurance rates now, click here and see if a lower rate is available in Plano.

The companies in the list below offer comparison quotes in Plano, TX. To buy the cheapest car insurance in Plano, we suggest you click on several of them to get the best price comparison.

Rates and information analytics

The price information shown below highlights detailed analysis of insurance coverage prices for Chevy Malibu models. Having a good understanding how insurance policy premiums are formulated is important for making decisions on the best policy to buy.

Chevrolet Malibu Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $282 $560 $496 $30 $148 $1,516 $126
Malibu Hybrid $282 $560 $496 $30 $148 $1,516 $126
Malibu LT $318 $560 $496 $30 $148 $1,552 $129
Malibu LTZ $318 $660 $496 $30 $148 $1,652 $138
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Price estimates do not factor in specific garaging location which can revise price quotes considerably.

Physical damage deductibles: Should you raise them?

A question often asked by Plano drivers is how high should the deductibles for physical damage be. The rates below lay out the cost difference between low and high insurance deductibles. The first table uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.

Chevrolet Malibu insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $328 $592 $382 $22 $114 $1,463 $122
Malibu Hybrid $328 $592 $382 $22 $114 $1,463 $122
Malibu LT $370 $592 $382 $22 $114 $1,505 $125
Malibu LTZ $370 $698 $382 $22 $114 $1,611 $134
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Chevrolet Malibu insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $240 $400 $382 $22 $114 $1,158 $97
Malibu Hybrid $240 $400 $382 $22 $114 $1,158 $97
Malibu LT $270 $400 $382 $22 $114 $1,188 $99
Malibu LTZ $270 $472 $382 $22 $114 $1,260 $105
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can increase or decrease insurance rates significantly.

Based on these figures, using a $100 deductible will cost you about $26 more each month or $312 for a full year across all Chevrolet Malibu models than opting for the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 15 months between claim filings, you would probably be better off if you elect the higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $126
Average monthly premium for $500 deductibles (subtract): - $100
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One important note is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself when you have a physical damage claim. It will be required that you have enough extra money in the event you have to pay more for the deductible.

The diagram below shows how choosing a deductible and can influence Chevy Malibu insurance premiums for each different age category. The rates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.

Comparing quotes from local Plano auto insurance agents

Many people still like to buy from a local agent and that is just fine! Experienced insurance agents are trained risk managers and help submit paperwork. One of the benefits of price shopping on the web is that you can obtain cheap auto insurance quotes and still have a local agent. And buying from neighborhood insurance agencies is definitely important in Plano.

After filling out this short form, the quote information is instantly submitted to local insurance agents who will give competitive quotes to get your business. You don't have to do any legwork due to the fact that quote results will go straight to your inbox. If you want to compare prices from one company in particular, don't hesitate to find their quoting web page to submit a rate quote request.

If you need to find a local Plano insurance agent, it's helpful to know the types of agencies and how they are slightly different. Agencies in Plano can be described as either exclusive or independent (non-exclusive). Both types can sell auto insurance policies, but it is important to understand the difference in the companies they write for since it can impact the type of agent you choose.

Independent Auto Insurance Agencies

Independent insurance agents often have affiliation with several companies so they can write business with many different companies and possibly get better coverage at lower prices. If you are not satisfied with one company, your agent can just switch to a different company which requires no work on your part.

When comparison shopping, you need to check rates from a couple of independent agencies for the best price selection.

Listed below is a partial list of independent insurance agents in Plano who may be able to give you pricing information.


3100 Independence Pkwy #216 - Plano, TX 75075 - (972) 665-0620 - View Map


1145 14th St #2117 - Plano, TX 75074 - (972) 398-0001 - View Map


903 18th St Ste 124 - Plano, TX 75074 - (972) 424-4209 - View Map

View more Plano agents

Exclusive Auto Insurance Agents

Exclusive agencies can only place business with one company and some examples include State Farm or Allstate. Exclusive agents cannot provide other company's prices so it's a take it or leave it situation. Exclusive agents are well schooled on what they offer and that allows them to sell at a higher price point.

The following is a list of exclusive insurance agents in Plano that can give you comparison quotes.


3608 Preston Rd #200 - Plano, TX 75093 - (972) 867-0090 - View Map


6205 Chapel Hill Blvd STE 500 - Plano, TX 75093 - (972) 378-0824 - View Map


3308 Preston Rd #300 - Plano, TX 75093 - (972) 758-1111 - View Map

View more Plano agents

Finding a good auto insurance agent needs to be determined by more than just a low price. The following questions are important to ask.

  • Do they have 24-hour customer assistance?
  • Who is covered by the car insurance policy?
  • Is the agent properly licensed in Texas?
  • Are there any extra charges for paying monthly?
  • How would your car be valued if totaled?