What Auto Insurance is Cheapest for a Chevrolet Malibu in Las Vegas?

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Buying the cheapest insurance for a Chevrolet Malibu in Nevada doesn't take too much effort, but it hinges on an enormous amount of rating factors such as how many miles you drive each year, your credit history, and driving violations. Drivers in Nevada pay on average $966 per year to insure their Malibu, but that figure is an estimate based on a 30-year-old single female driver with full coverage and $500 deductibles.

There is a good probability you're not a 30-year-old female, maybe you are married instead of single, or maybe you have a speeding ticket that needs to be factored in. Car insurance coverage is unique to each driver, so this is why the best method for finding cheap insurance rates for your Chevrolet is to just compare rates yourself.

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Your Chevrolet's trim level can impact the yearly cost, so the price you will be charged to insure a Malibu LS will be $98 less than the insurance cost for the higher-end Malibu LTZ model, as shown in the chart below.

Chevrolet Malibu Insurance Rates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $214 $398 $416 $24 $124 $1,176 $98
Malibu Hybrid $214 $398 $416 $24 $124 $1,176 $98
Malibu LT $242 $398 $416 $24 $124 $1,204 $100
Malibu LTZ $242 $468 $416 $24 $124 $1,274 $106
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rates do not factor in Las Vegas location which can raise or lower premiums greatly.

Selecting the right company can be difficult considering how many different companies sell coverage in Nevada. The company information shown next can help you analyze which auto insurance companies to look at when insurance shopping for a Chevrolet Malibu.

The rankings below include companies who write in the majority of U.S. states, so companies that have a smaller presence are not taken into consideration for the list. To view rates from these top-rated insurers and more, follow this link.

Top 10 Major Car Insurance Companies in Las Vegas Ranked by Customer Service

  1. GEICO
  2. State Farm
  3. The Hartford
  4. Mercury Insurance
  5. The General
  6. Progressive
  7. Allstate
  8. AAA Insurance
  9. American Family
  10. Nationwide

Top 10 Major Car Insurance Companies in Las Vegas Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

How to get discounts on Las Vegas car insurance rates

Discounts on car insurance for a Chevrolet MalibuInsurance providers that sell policies for a Chevrolet Malibu may provide discounts that may potentially lower prices by as much as 35% if you can meet the requirements. A list of companies and a partial list of their discounts include:

The diagram below shows the comparison of yearly insurance costs with and without discounts applied to the rates. The data assumes a male driver, no driving violations, no at-fault accidents, Nevada state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with passive restraint, claim-free, vehicle safety, accident-free, anti-theft, and defensive driving course discounts applied. With discounts applied, theamount saved on car insurance for a Chevrolet Malibu is 28% or $531.

Violations and accidents raise rates

The obvious way to get the cheapest car insurance prices in Nevada for a Malibu is to drive attentively and maintain a clean driving record. The chart below shows how violations and at-fault accidents can influence car insurance rates for each age group. The data assumes a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

In the chart above, the average cost of auto insurance per year with no violations or accidents is $1,303. Get one speeding ticket and the average cost rises to $1,500, an increase of $198 each year. Then add in one accident along with the one speeding ticket and the yearly cost of car insurance for a Chevrolet Malibu increases to an average of $2,044. That's an increase of $741, or $62 per month, just for being a little careless behind the wheel!

Liability only or full coverage

Finding cheaper car insurance is important to the majority of drivers, and one easy way to lower the cost of insurance for a Chevrolet Malibu is to buy liability only. The illustration below shows the comparison of annual premium costs with and without physical damage coverage. The premium estimates are based on no claims, a clean driving record, $500 deductibles, single marital status, and no other discounts are factored in.

As an average, comprehensive and collision coverage on your policy costs $1,859 per year more than buying just liability insurance. Many of you may wonder when is the right time to remove full coverage. There is no set guideline of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's say your vehicle's replacement cost is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $10,000 after the deductible is paid. If you are paying over $1,000 a year for physical damage coverage, then it might be time to buy liability only.

There are some conditions where dropping physical damage coverage is not in your best interest. If you haven't satisfied your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.