Finding affordable car insurance for a Chevrolet Malibu in South Carolina is fairly simple, but it is dependent upon a lot of rating factors such as age of the driver, where your vehicle is garaged, and any driving offenses on your record. Drivers in South Carolina will pay around $879 annually to insure their Malibu, but that is based on a 30-year-old single male driver with full comprehensive and collision coverage and $1,000 deductibles.
When estimating a car insurance rate like we just did, the issue is that you may not be 30 years old (or even male), maybe you are married instead of single, or maybe you have a speeding ticket that needs to be factored in. Having what appears to be a very minor change in rating criteria or coverage limits can make a big difference in the price of a policy.
There is no perfect policy for every driver, so the best way to find affordable rates for your Chevrolet is to put in the effort to do a thorough rate comparison. It only takes a couple of minutes and you will receive prices from top-rated companies that offer coverage in South Carolina.
Your vehicle's trim level will influence the coverage cost, so the price to insure a Malibu LS trim level will be $74 cheaper than the insurance cost for the more expensive Malibu LTZ model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Prices do not factor in zip code location which can raise or lower premiums considerably.
Finding dependable, low-cost auto insurance is not always easy, and finding out which insurers offer the cheapest auto insurance rates for a Chevrolet Malibu in South Carolina involves even more diligence.
Every auto insurer has their own formula to set policy rates, so let's begin by examining the auto insurance companies with the most affordable rates in South Carolina. We do need to point out that South Carolina auto insurance rates are impacted by many factors which can substantially change the cost of coverage. Events like a birthday, buying a home, or getting a DUI can trigger changes in premium that can cause some rates to be way too expensive in comparison to the competition.
Best Car Insurance Prices for Your Malibu
|Rank||Company||Cost Per Year|
|5||SC Farm Bureau Mutual||$1,286|
|6||Southern Farm Bureau||$1,286|
|7||National Grange Mutual||$1,321|
|Find Your Rate Go|
The Hartford quotes some of the most affordable car insurance rates in South Carolina at around $752 annually. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also make the cut as some of the more affordable South Carolina auto insurance companies.
As illustrated above, if you currently have coverage with State Auto and switched to The Hartford, you might achieve annual savings of approximately $353. Customers with Auto-Owners could save as much as $389 a year, and SC Farm Bureau Mutual customers might cut rates by $534 a year.
If you want to find out if you're overpaying, click here to get quotes or feel free to get quotes from the companies below.
Be aware that those rates are averaged for all types of drivers and the different vehicles they drive and do not factor in a specific rating modification for a Chevrolet Malibu. So the company that can offer you the best rate may not even be in the list above. That's why you need to compare prices as often as possible using your own personal information and vehicle type.
The information below highlights how deductible selection can change insurance premiums when getting quotes for cheap insurance for a Chevrolet Malibu in South Carolina. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are factored in.
The data above shows that a 30-year-old driver could pocket $326 a year by increasing from a $100 deductible to a $500 deductible, or save $496 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old example, can cut $978 each year just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it is important to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Get discount South Carolina car insurance
Insurers that provide coverage for a Chevrolet Malibu may provide policy discounts that could reduce prices by as much as 30% if you can meet the requirements. A few of the larger companies and their offered discounts include:
- The Hartford includes discounts for defensive driver, good student, bundle, air bag, and driver training.
- American Family may offer discounts for air bags, TimeAway discount, mySafetyValet, early bird, good student, Steer into Savings, and multi-vehicle.
- Progressive policyholders can earn discounts including multi-policy, online quote discount, good student, multi-vehicle, online signing, continuous coverage, and homeowner.
- Travelers offers discounts for multi-policy, multi-car, driver training, new car, IntelliDrive, and save driver.
- Farmers Insurance discounts include business and professional, multi-car, youthful driver, good student, and homeowner.
- USAA may have discounts that include safe driver, family discount, loyalty savings, multi-policy, multi-vehicle, and annual mileage.
- Liberty Mutual offers premium reductions for new vehicle discount, teen driver discount, preferred payment discount, good student, and exclusive group savings.
The illustration below illustrates the difference between car insurance rates with and without discounts applied to the policy rates. The price estimates are based on a male driver, no accidents, no driving violations, South Carolina state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, safe-driver, claim-free, defensive driving course, vehicle safety, and anti-theft discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for a Chevrolet Malibu is 28% or $506.
How to find more affordable auto insurance for a Chevrolet Malibu in South Carolina
Here are a few thrifty ideas that can help South Carolina drivers quote more affordable car insurance.
- Increase your credit score
- Avoid at-fault accidents and claims
- Buying car and homeowners insurance together can save money
- Do not file small claims
- Higher deductibles mean lower rates
- Violations and traffic tickets increase rates
- Compare rate quotes often
The last tip is very valuable, as was emphasized in this piece. Prices charged by auto insurers adjust frequently, so don't be tentative to buy from a new company if you can save money. Many drivers prefer to stick with one company, but it's not a great idea if that devotion results in you overpaying money that could be going to better use. It only takes a couple minutes to shop around to find cheaper auto insurance for a Chevrolet Malibu.