Do you get overwhelmed by the wide range of auto insurance sources in Baltimore? You have such a vast assortment of sources available that it can be a chore to locate the lowest auto insurance rates for Chevy Malibu insurance in Baltimore. Everyone knows Baltimore is an excellent city in which to live, but budgeting for expensive auto insurance can make it nearly impossible to afford.
A recent study showed that the vast majority of Maryland auto insurance customers have bought auto insurance from the same company for over three years, and 38% of drivers have never compared rates to find cheaper insurance. With the average premium in America being $1,847, drivers could save themselves $859 a year, but they think it's difficult to go online and compare rates.
If you have insurance now, you should be able to lower your rates using this information. Getting quotes for the cheapest car insurance in Baltimore is easy to do. But Maryland vehicle owners need to learn how the larger insurance companies charge you for coverage and use it to your advantage.
Cheap Baltimore car insurance quotes with discounts
Some insurance providers do not list all their discounts in an easy-to-find place, so the below list has a few of the more common as well as the least known credits available to lower your premiums when you buy Baltimore auto insurance online. If you do not double check each discount you qualify for, you could be saving more on your car insurance.
- Student in College - Any of your kids who are enrolled in a college that is more than 100 miles from Baltimore and do not have a car may qualify for this discount.
- ABS and Traction Control Discounts - Vehicles equipped with ABS or steering control are much safer to drive and the ABS can save up to 10%.
- Senior Citizen Rates - Seniors may be able to get lower premium rates.
- Early Switch Discount - Some companies reward drivers for renewing your policy prior to your current Malibu insurance policy expiration. You may see this discount when you get Baltimore auto insurance quotes online.
- Good Student Discount - Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
As a disclaimer on discounts, most discounts do not apply to the entire policy premium. Most only reduce individual premiums such as physical damage coverage or medical payments. Despite the appearance that you could get a free car insurance policy, car insurance companies aren't that generous.
A few companies that possibly offer these money-saving discounts include:
When comparing rates, check with every insurance company which discounts you may be entitled to. A few discounts might not be offered in Baltimore.
To find more affordable rates, there are a couple of ways of comparing rate quotes from many insurance companies in Maryland. The fastest way to compare rates is simply to get online rate quotes. Just keep in mind that comparing a large number of companies increases your odds of finding the best offered rates.
The auto insurance companies shown below can provide price comparisons in Maryland. If several companies are displayed, we suggest you click on several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Information does not factor in specific Baltimore garaging location which can decrease or increase rates noticeably.
Drive responsibly or pay higher rates
The chart below demonstrates how speeding tickets and at-fault fender-benders can influence Chevrolet Malibu insurance prices for different age groups. The information is based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
Can higher deductibles save money?
The information below shows how choosing a deductible and can influence Chevrolet Malibu insurance costs for each age group. The prices are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
Don't assume everyone needs the same insurance coverage
When it comes to choosing insurance from an agent or online for your vehicles, there really isn't a one-size-fits-all type of policy. Every insured's situation is different and your insurance should unique, too. For instance, these questions could help you determine whether your personal situation might need professional guidance.
- Why does it cost so much to insure a teen driver in Baltimore?
- Where can I find DUI or SR-22 insurance?
- Is water damage covered by my policy?
- Do I have coverage when using my vehicle for my home business?
- Is extra glass coverage worth it?
- How can I get my company to pay me more for my totalled car?
- Should I drop comprehensive coverage on older vehicles?
If you can't answer these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.
Auto insurance quotes from local Baltimore insurance agencies
Certain consumers still prefer to buy from a licensed agent and that can be a smart move One of the great benefits of comparing rates online is you may find lower rates but also keep your business local.
To make it easy to find an agent, after completing this form (opens in new window), your information is immediately sent to agents in your area who can give free rate quotes to get your business. It's much easier because you don't need to contact any agents because prices are sent immediately to you. You can find better rates without a big time investment. If you wish to get a comparison quote from a particular provider, you just need to search and find their rate quote page and fill out the quote form the provide.
Choosing an insurer shouldn't rely on just a cheap price. Below are some questions you should ask.
- Can you choose the body shop in case repairs are needed?
- If they are an independent agency in Baltimore, which companies do they recommend?
- Is insurance their full-time profession?
- How much training do they have in personal risk management?
- Do the companies they represent have a solid financial rating?
- Do the coverages you're quoting properly cover your vehicle?
- Are they actively involved in the community?
- Do they get paid more for recommending certain coverages?
If you want to use a local agent, you need to know there are two different types of agencies and how they differ in how they can insure your vehicles. Agents may be either exclusive or independent.
Exclusive insurance agents can only provide pricing for a single company like Farmers Insurance, Allstate, or State Farm. They usually cannot provide other company's prices so they are skilled at selling on more than just price. Exclusive insurance agents are usually quite knowledgeable on their company's products which helps them compete with independent agents. Consumers frequently purchase coverage from exclusives primarily because of the brand rather than having low rates.
Listed below is a short list of exclusive agencies in Baltimore who may provide you with rate quotes.
- Allstate Insurance: Jim Craig
2829 O'Donnell St - Baltimore, MD 21224 - (410) 522-6100 - View Map
- Kennedy Ins Agency - Progressive Insurance
410 Ingleside Ave - Baltimore, MD 21214 - (410) 719-6006 - View Map
- GEICO Insurance Agent
7915 Belair Rd - Baltimore, MD 21236 - (410) 882-8200 - View Map
Independent Agents (or Brokers)
Independent insurance agents often have many company appointments and that allows them to write policies through lots of different companies and help determine which has the cheapest rates. If premiums increase, they can switch companies in-house and you can keep the same agent. When comparing auto insurance prices, we highly recommend that you check rates from a couple of independent agencies so that you have a good selection of quotes to compare. Many can place coverage with companies that do not advertise much who may have lower rates.
The following are Baltimore independent insurance agents that are able to give rate quotes.
- Goad Insurance Agency
3229 Erdman Ave - Baltimore, MD 21213 - (410) 558-0396 - View Map
- Allied Insurance Agency
7840 Eastern Ave - Baltimore, MD 21224 - (410) 282-1111 - View Map
- Austen's Insurance Inc
3407 Eastern Blvd - Baltimore, MD 21220 - (410) 686-4700 - View Map
After talking to the agent and getting positive responses to all your questions as well as a affordable price, it's a good possibility that you have found an auto insurance agent that meets your needs to properly service your auto insurance policy. Just remember you are entitled to cancel your policy any time you want so never feel that you are permanently stuck with a specific company for any length of time.
Three reasons to insure your vehicle
Despite the high cost, insurance is required by state law in Maryland and it also provides benefits you may not be aware of.
- The majority of states have mandatory liability insurance requirements which means you are required to buy a specific level of liability coverage in order to get the vehicle licensed. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you took out a loan on your Chevy, it's guaranteed your bank will have a requirement that you have physical damage coverage to guarantee loan repayment. If you let the policy lapse, the lender may insure your Chevy at a more expensive rate and force you to reimburse them for the much more expensive policy.
- Insurance safeguards not only your car but also your assets. It will also reimburse you for most medical and hospital costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay attorney fees if you are sued as the result of your driving. If your Chevy gets damaged, your policy will pay to repair the damage.
The benefits of having insurance definitely exceed the price paid, especially if you ever need it. The average driver in Maryland is currently overpaying as much as $830 a year so smart consumers compare quotes at every renewal to ensure rates are competitive.
Car insurance coverage information
Understanding the coverages of a car insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. These are typical coverage types found on most car insurance policies.
Auto collision coverage
This pays to fix your vehicle from damage resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.
Collision can pay for things such as crashing into a ditch, sustaining damage from a pot hole, scraping a guard rail, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It's also possible to bump up the deductible on your Malibu in order to get cheaper collision rates.
Coverage for medical payments
Med pay and PIP coverage kick in for expenses such as surgery, doctor visits, chiropractic care, rehabilitation expenses and pain medications. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers you and your occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible
Uninsured and underinsured coverage
This protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Malibu.
Because many people carry very low liability coverage limits (which is 30/60/15), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.
This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as damage from flooding, fire damage, hitting a bird, rock chips in glass and falling objects. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.
Liability insurance can cover damage or injury you incur to other's property or people that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 30/60/15 that means you have a $30,000 limit per person for injuries, $60,000 for the entire accident, and a limit of $15,000 paid for damaged property.
Liability coverage protects against things such as medical services, loss of income, funeral expenses and court costs. How much liability coverage do you need? That is up to you, but it's cheap coverage so purchase as high a limit as you can afford. Maryland state law requires minimum liability limits of 30/60/15 but you should think about purchasing more liability than the minimum.
Quote. Compare. Save.
We just presented many ways to shop for Chevy Malibu insurance online. It's most important to understand that the more times you quote, the better likelihood of getting low cost Baltimore auto insurance quotes. You may even find the biggest savings come from an unexpected company. These smaller insurers often have lower rates on specific markets as compared to the big name companies such as Allstate or State Farm.
There are still a few companies who may not provide rates over the internet and most of the time these small insurance companies provide coverage only through independent insurance agencies. Cheaper Chevy Malibu insurance in Baltimore can be sourced online as well as from insurance agents, so compare prices from both in order to have the best chance of saving money.
Additional auto insurance information can be read on the following sites:
- Auto Insurance FAQ (Farmers Insurance)
- How do I File a Claim? (Insurance Information Institute)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)