Compare the Cost of Chevy Malibu Insurance by Model Year and Company


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Updated: May 20, 2024

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A major factor affecting the price of car insurance costs is age. In comparison to 40-year-olds’ $1,244 premium for full coverage for a 2009 Chevy Malibu, 16-year-olds pay $5,756 yearly. A 2022 model will cost a 16-year-old $7,543 per year, as opposed to a 40-year-old's $1,668.

Since pricing is not the only factor that matters, MoneyGeek examined the best insurance providers for a Chevy Malibu in terms of customer service, affordability and claims history.

MoneyGeek Logo IconCar Insurance CostsChevy Malibu
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Chevy Malibu.

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These rates were updated to reflect the average cost of car insurance for a Chevy Malibu as of 2023.

10Companies Compared
 
41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Chevy Malibu

A Chevy Malibu's average annual insurance rate is $1,490, although various insurers may charge in distinct ways. State Farm charges $1,123 for full coverage car insurance, while Farmers charges $1,719 for the same insurance plan.

While Farmers provides the most costly insurance for minimum coverage at $791, State Farm has the most affordable average cost at $496 yearly. To find the most affordable car insurance, you should compare rates from many different providers.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,123
GEICOAverage Annual Premium$1,242
AllstateAverage Annual Premium$1,400
NationwideAverage Annual Premium$1,495
TravelersAverage Annual Premium$1,537
ProgressiveAverage Annual Premium$1,687
FarmersAverage Annual Premium$1,719

Is a Chevy Malibu Expensive to Insure?

When insurers determine car insurance premiums, they take multiple factors into consideration. Because of its theft rate, a Chevy Malibu is moderately expensive to insure. Data from the National Highway Traffic Safety Administration (NHTSA) shows that this car model is stolen fairly regularly. When cars are stolen more frequently, this makes them riskier to insure and causes them to charge higher rates.

Best Companies for Insuring a Chevy Malibu

The best auto insurance providers for a Chevy Malibu should be chosen based on affordability, quality of service and claims management. MoneyGeek’s best options for full coverage are the following companies:

  • State Farm: MoneyGeek score 90 out of 100 ($1,123 per year)
  • GEICO: MoneyGeek score 88 out of 100 ($1,242 per year)

State Farm offers the cheapest rates and the second-highest overall customer service score from the various insurance companies we analyzed.

MoneyGeek Top Pick: State Farm

State Farm

pros

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Provides the most affordable car insurance

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Offers excellent customer satisfaction

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Provides roadside assistance and rental car/travel reimbursement coverage

cons

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No unique coverage options for policyholders

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Poor claims management rating

COMPANY HIGHLIGHTS

State Farm offers many advantages to policyholders who want to insure a Chevy Malibu. If you are looking for affordable insurance coverage with great customer service, this insurer can take you to the best of both worlds. It’s important to note that State Farm offers few coverage options and poor claims management.

Most of the add-on coverages offered by State Farm are common among other insurance companies in the market, including roadside assistance, rental car and/or travel reimbursement and rideshare insurance. With rental car/travel reimbursement, you can receive reimbursement for expenses up to certain limits when your car is being repaired after a covered accident.

State Farm lacks other usual coverages, including new car replacement, deductible modification, gap insurance, accident forgiveness or better car replacement.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

pros

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Provides excellent customer service

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Ranks well in affordability

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Offers mechanical breakdown insurance

cons

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Poor record of handling claims

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Lower coverage score

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No new car replacement or better car replacement

COMPANY HIGHLIGHTS

GEICO is another reliable insurance company that provides quality service to drivers who want to insure a Chevy Malibu. It strikes a balance between outstanding service quality and affordability as it has the second-cheapest insurance rates out of the seven insurance companies we assessed. However, you must anticipate its weak claims management and the absence of new car replacement or better car replacement coverages.

GEICO includes coverage for rental car reimbursement, accident forgiveness and roadside assistance. Roadside assistance covers the expenses of towing, jump-starts, flat-tire repair and lockout assistance. Unlike other top insurance providers, GEICO fails to provide new car replacement or better car replacement coverage.

Mechanical breakdown insurance (MBI) is a special service provided by GEICO that offers superior protection at an affordable price than the normal dealer-extended warranty. It is offered for newly purchased or leased cars that are less than 15 months old and have fewer than 15,000 miles on them.

Read MoneyGeek's GEICO Auto Insurance Review

Cost of Insuring a Chevy Malibu by Model Year

One factor that affects the average price of auto insurance is the age of the car being insured. Since the value of a car depreciates over time, newer models can cost more to insure. Full coverage insurance for a Chevy Malibu costs $1,244 per year for a 2009 model and $1,668 per year for a 2022 model.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$1,668
2021Average Annual Premium$1,647
2020Average Annual Premium$1,582
2019Average Annual Premium$1,574
2018Average Annual Premium$1,539
2017Average Annual Premium$1,469
2016Average Annual Premium$1,456
2015Average Annual Premium$1,417
2014Average Annual Premium$1,356
2013Average Annual Premium$1,352
2012Average Annual Premium$1,321
2011Average Annual Premium$1,266
2010Average Annual Premium$1,268
2009Average Annual Premium$1,244

There are also variations in the average cost of car insurance between companies. For a 2009 and 2022 Chevy Malibu, State Farm provides the most affordable insurance at $924 and $1,314, respectively.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,314
GEICOAverage Annual Premium$1,397
NationwideAverage Annual Premium$1,650
AllstateAverage Annual Premium$1,737
TravelersAverage Annual Premium$1,792
ProgressiveAverage Annual Premium$1,926
FarmersAverage Annual Premium$2,009

Cost of Insuring a Chevy Malibu for 16- to 25-Year-Olds

Insurers consider everything when calculating the cost of insurance for a Chevy Malibu, including your age. Teenage drivers often end up paying more for car insurance than those between the ages of 30 and 40. Full coverage teen car insurance typically costs $6,595 for a 16-year-old, compared to $1,440 for a 40-year-old. Teen driver rates decline as they go through their teenage years before stabilizing in their 20s.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$6,595
17Average Annual Premium$5,373
18Average Annual Premium$4,720
19Average Annual Premium$3,268
20Average Annual Premium$2,959
21Average Annual Premium$2,277
22Average Annual Premium$2,105
23Average Annual Premium$1,957
24Average Annual Premium$1,858
25Average Annual Premium$1,676

By evaluating insurance companies, you can find the lowest prices. State Farm costs $4,199 annually for a full coverage policy for 16-year-old drivers driving a 2022 Chevy Malibu, while Progressive costs $10,226. Note that these are the costs of single teen auto insurance coverage. Teens could potentially save money by joining a family policy. It’s also important to note that drivers under the age of 18 might need a guardian’s consent to purchase insurance.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$4,199
GEICOAverage Annual Premium$6,602
NationwideAverage Annual Premium$6,654
TravelersAverage Annual Premium$7,157
AllstateAverage Annual Premium$8,071
FarmersAverage Annual Premium$10,088
ProgressiveAverage Annual Premium$10,226

How Does Location Affect the Cost of Chevy Malibu Insurance?

Where you live has a huge impact on your auto insurance quote in addition to your age and pertinent details of your Chevy Malibu. The most costly state in terms of average car insurance premiums is Florida, while Idaho has the cheapest rates. Knowing which companies have the most affordable rates is essential so you can request estimates from them.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73
District of ColumbiaCheapest CompanyGEICOAnnual Premium$662Monthly Premium$55
FloridaCheapest CompanyState FarmAnnual Premium$1,058Monthly Premium$88
GeorgiaCheapest CompanyCountry FinancialAnnual Premium$665Monthly Premium$55
HawaiiCheapest CompanyGEICOAnnual Premium$565Monthly Premium$47
IdahoCheapest CompanyAmerican National P&CAnnual Premium$299Monthly Premium$25
IllinoisCheapest CompanyCountry FinancialAnnual Premium$663Monthly Premium$55
IndianaCheapest CompanyAmerican FamilyAnnual Premium$555Monthly Premium$46
IowaCheapest CompanyState FarmAnnual Premium$509Monthly Premium$42
KansasCheapest CompanyNationwideAnnual Premium$670Monthly Premium$56
KentuckyCheapest CompanyNationwideAnnual Premium$790Monthly Premium$66
LouisianaCheapest CompanyLouisiana Farm BureauAnnual Premium$1,048Monthly Premium$87
MaineCheapest CompanyConcord GroupAnnual Premium$521Monthly Premium$43
MarylandCheapest CompanyProgressiveAnnual Premium$938Monthly Premium$78
MassachusettsCheapest CompanyState FarmAnnual Premium$483Monthly Premium$40
MichiganCheapest CompanyGEICOAnnual Premium$898Monthly Premium$75
MinnesotaCheapest CompanyState FarmAnnual Premium$797Monthly Premium$66
MississippiCheapest CompanyDirect General InsuranceAnnual Premium$723Monthly Premium$60
MissouriCheapest CompanyNationwideAnnual Premium$909Monthly Premium$76
MontanaCheapest CompanyProgressiveAnnual Premium$437Monthly Premium$36
NebraskaCheapest CompanyAmerican National P&CAnnual Premium$405Monthly Premium$34
NevadaCheapest CompanyCSAAAnnual Premium$940Monthly Premium$78
New HampshireCheapest CompanyState FarmAnnual Premium$540Monthly Premium$45
New JerseyCheapest CompanyPlymouth Rock AssuranceAnnual Premium$895Monthly Premium$75
New MexicoCheapest CompanyState FarmAnnual Premium$644Monthly Premium$54
New YorkCheapest CompanyKemperAnnual Premium$781Monthly Premium$65
North CarolinaCheapest CompanyErieAnnual Premium$630Monthly Premium$52
North DakotaCheapest CompanyAmerican FamilyAnnual Premium$616Monthly Premium$51
OhioCheapest CompanyNationwideAnnual Premium$485Monthly Premium$40
OklahomaCheapest CompanyState FarmAnnual Premium$662Monthly Premium$55
OregonCheapest CompanyState FarmAnnual Premium$706Monthly Premium$59
PennsylvaniaCheapest CompanyNationwideAnnual Premium$580Monthly Premium$48
Rhode IslandCheapest CompanyState FarmAnnual Premium$700Monthly Premium$58
South CarolinaCheapest CompanyAmerican National P&CAnnual Premium$463Monthly Premium$39
South DakotaCheapest CompanyAllstateAnnual Premium$746Monthly Premium$62
TennesseeCheapest CompanyState FarmAnnual Premium$579Monthly Premium$48
TexasCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
UtahCheapest CompanyNationwideAnnual Premium$725Monthly Premium$60
VermontCheapest CompanyState FarmAnnual Premium$493Monthly Premium$41
VirginiaCheapest CompanyAmerican FamilyAnnual Premium$601Monthly Premium$50
WashingtonCheapest CompanyPEMCOAnnual Premium$534Monthly Premium$44
West VirginiaCheapest CompanyErieAnnual Premium$784Monthly Premium$65
WisconsinCheapest CompanyGEICOAnnual Premium$556Monthly Premium$46
WyomingCheapest CompanyState FarmAnnual Premium$745Monthly Premium$62

Frequently Asked Questions About Chevy Malibu Insurance

To assist you in comparing car insurance quotes for a Chevy Malibu, we provided answers to some frequently asked questions about cost, claims management and customer service.

What company has the cheapest car insurance for a Chevy Malibu?
What company offers the best car insurance for a Chevy Malibu?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.