The annual cost of full coverage car insurance for a Chevrolet Malibu ranges from $1,042 to $6,244. Rates depend on factors such as the car’s model year, your age, address, driving history, coverage level and insurer. This MoneyGeek article examines Chevrolet Malibu insurance costs and coverage, featuring the best companies and most affordable options.
Chevy Malibu Insurance Cost
Updated: April 11, 2025
Key Takeaways
State Farm offers the most affordable minimum coverage across all Chevrolet Malibu model years at $496 annually.
The average yearly cost to insure a Chevrolet Malibu is $635 for minimum coverage and $1,424 for full coverage.
To provide these insights, MoneyGeek analyzed data, including 4,183 Chevrolet Malibu quotes, from Quadrant Information Services.
Chevy Malibu Insurance Rates
What Is the Average Chevy Malibu Car Insurance Cost?
For a Chevrolet Malibu, full coverage insurance averages $119 per month or $1,424 per year, based on a 40-year-old male with a clean driving record. Minimum coverage costs about $53 monthly or $635 annually.
| Minimum Coverage | $635 |
| Full Coverage | $1,424 |
Chevy Malibu Insurance Costs by Company
Chevrolet Malibu insurance costs range from $1,075 to $1,914 annually, depending on age, model year and coverage level. The table below compares average Chevrolet Malibu insurance rates with the averages for all vehicles from several national and mid-size providers.
| Allstate | $1,465 | $1,813 | -19% |
| Auto-Owners | $1,176 | $1,227 | -4% |
| Farmers | $1,798 | $1,956 | -8% |
| GEICO | $1,266 | $1,332 | -5% |
| Kemper | $1,914 | $2,213 | -14% |
| Nationwide | $1,586 | $1,587 | 0% |
| Progressive | $1,752 | $1,742 | 1% |
| State Farm | $1,160 | $1,269 | -9% |
| Travelers | $1,587 | $1,520 | 4% |
| USAA | $1,075 | $1,200 | -10% |
Read more: Best Car Insurance Companies
Cost of Insuring a Chevy Malibu by Model Year
The year your Chevrolet Malibu was produced can impact your insurance rates, with older models often costing less to insure. For example, insuring a 2022 model costs $1,641 annually, while a 2009 model costs $1,217. Below are the average full and minimum coverage rates for each Chevy Malibu production year.
| 2022 | $648 | $1,641 |
| 2021 | $652 | $1,630 |
| 2020 | $628 | $1,601 |
| 2019 | $657 | $1,578 |
| 2018 | $657 | $1,548 |
| 2017 | $632 | $1,500 |
| 2016 | $659 | $1,452 |
| 2015 | $658 | $1,404 |
| 2014 | $633 | $1,371 |
| 2013 | $660 | $1,337 |
| 2012 | $658 | $1,304 |
| 2011 | $627 | $1,275 |
| 2010 | $647 | $1,246 |
| 2009 | $640 | $1,217 |
Chevy Malibu Insurance Costs by Driver Age
Chevrolet Malibu insurance rates vary widely based on driver age. For example, a 16-year-old pays around $6,244 annually for full coverage, while a 40-year-old pays about $1,436. Below are the average full and minimum coverage rates for different ages.
| 16 | $2,971 | $6,244 |
| 17 | $2,415 | $5,096 |
| 18 | $2,108 | $4,486 |
| 19 | $1,492 | $3,187 |
| 20 | $1,340 | $2,897 |
| 21 | $1,061 | $2,335 |
| 22 | $967 | $2,146 |
| 23 | $897 | $2,003 |
| 24 | $850 | $1,905 |
| 25 | $756 | $1,705 |
| 26 | $735 | $1,646 |
| 27 | $718 | $1,610 |
| 28 | $706 | $1,586 |
| 29 | $696 | $1,564 |
| 30 | $672 | $1,509 |
| 35 | $654 | $1,463 |
| 40 | $647 | $1,436 |
| 45 | $641 | $1,418 |
| 50 | $626 | $1,374 |
| 55 | $609 | $1,336 |
| 60 | $609 | $1,332 |
| 65 | $649 | $1,386 |
| 70 | $705 | $1,485 |
| 75 | $783 | $1,628 |
| 80 | $887 | $1,813 |
| 85 | $958 | $1,942 |
| 90 | $1,011 | $2,035 |
Chevy Malibu Insurance Rates Explained
Several factors influence car insurance rates based on driver profiles, but insurers also consider aspects related to the vehicle itself. Understanding these vehicle-related factors can help you make better insurance choices. Here’s a breakdown of the key cost factors tied to your car.
Chevy Malibu Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296Chevy Malibu
Average Full Coverage Rate
$1,424Premiums for Chevy Malibu are:$128 more
This is 10% more expensive.
Value
Vehicles with lower MSRPs typically have lower insurance premiums. The Chevrolet Malibu, a midsize sedan, has an MSRP of $32,595.
Repair costs
The Chevy Malibu’s annual repair cost is $532, below the national average. Lower repair costs can contribute to reduced insurance premiums.
Performance
The Chevrolet Malibu, with 163 horsepower and a 0-to-60 time of 7.8 seconds, is classified as a non-high-performance vehicle, which can help reduce insurance costs.
Vehicle age
Newer Chevy Malibu models typically cost more to insure than older vehicles. However, collector and classic vehicles can also be very expensive.
Safety features
Safety features like stability control, airbags and antilock brakes can help you qualify for insurance discounts. The Chevrolet Malibu also has a 5-star NHTSA safety rating.
Vehicle size
The Chevrolet Malibu, with a curb weight of 3,159 pounds, has insurance costs that may be influenced more by its repair expenses and safety features than by its weight alone.
Cheapest Chevy Malibu Insurance
State Farm offers the most affordable policy for a Chevrolet Malibu at $496 annually for minimum coverage, based on a 40-year-old male with a clean driving record. Below is a breakdown of the cheapest car insurance rates across coverage levels, age groups, driving records, model years and more.
Cheapest Chevy Malibu Insurance by Coverage Level
Your selected coverage level significantly impacts your Chevrolet Malibu insurance rate. State Farm provides the lowest average minimum and full coverage premiums. Below is a breakdown of the cheapest providers for both coverage types:
Cheapest Chevy Malibu Minimum Coverage
State Farm offers the most affordable minimum coverage for a Chevrolet Malibu at $41 monthly. GEICO, Allstate and Travelers follow at $45, $56 and $57, respectively.
| USAA | $36 | $429 |
| State Farm | $41 | $496 |
| GEICO | $45 | $541 |
| Allstate | $56 | $673 |
| Travelers | $57 | $682 |
| Progressive | $61 | $729 |
| Nationwide | $62 | $742 |
| Farmers | $63 | $753 |
*State Farm offers non-military-affiliated Chevy Malibu owners the lowest average minimum coverage insurance rate. USAA is the most affordable option for military-affiliated drivers.
Best Chevy Malibu Insurance Rates by Model Year
The above list doesn't account for your vehicle's production year, so lower rates may be available depending on your Chevrolet Malibu's age. Filter the table below to find the cheapest minimum coverage rates for every Malibu production year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $686 | $57 |
| Farmers | $761 | $63 |
| GEICO | $555 | $46 |
| Nationwide | $690 | $58 |
| Progressive | $729 | $61 |
| State Farm | $462 | $39 |
| Travelers | $714 | $60 |
| USAA | $423 | $35 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage Chevy Malibu Insurance
State Farm offers the cheapest full coverage for a Chevrolet Malibu, starting at $94 per month or $1,127 annually. Below is the complete list of Chevy Malibu full coverage car insurance providers and rates.
| USAA | $87 | $1,042 |
| State Farm | $94 | $1,127 |
| GEICO | $103 | $1,233 |
| Allstate | $117 | $1,403 |
| Nationwide | $125 | $1,495 |
| Travelers | $131 | $1,571 |
| Progressive | $139 | $1,672 |
| Farmers | $140 | $1,684 |
*On average, State Farm is the cheapest insurer for non-military-affiliated Chevy Malibu owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest Chevy Malibu Insurance by Age
Drivers aged 16 to 25 and seniors 55+ often pay higher insurance rates. Below is a breakdown of the cheapest Chevrolet Malibu insurance options by age.
Cheapest Chevy Malibu Insurance for Young Drivers
Chevrolet Malibu drivers aged 16 to 25 can find the cheapest insurance with State Farm at $1,081 annually or $90 monthly for minimum coverage. Below is the full list of the cheapest auto insurance for Chevy drivers.
| USAA | $74 | $890 |
| State Farm | $90 | $1,081 |
| GEICO | $109 | $1,310 |
| Travelers | $119 | $1,425 |
| Allstate | $131 | $1,570 |
| Nationwide | $164 | $1,974 |
| Progressive | $170 | $2,035 |
| Farmers | $170 | $2,040 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest Chevy Malibu Insurance for Seniors
State Farm offers the cheapest car insurance for seniors at $45 monthly or $546 annually. See the full list of affordable Chevrolet Malibu insurers below:
| State Farm | $45 | $546 |
| USAA | $48 | $571 |
| GEICO | $54 | $651 |
| Travelers | $68 | $817 |
| Allstate | $69 | $826 |
| Nationwide | $73 | $871 |
| Progressive | $78 | $931 |
| Farmers | $84 | $1,009 |
Cheapest Chevy Malibu Insurance After an Accident
For Chevrolet Malibu drivers, State Farm, GEICO and Allstate offer the most affordable car insurance after an accident. See the complete list below.
| State Farm | $52 | $621 |
| USAA | $55 | $655 |
| GEICO | $71 | $857 |
| Allstate | $77 | $919 |
| Travelers | $83 | $993 |
| Nationwide | $96 | $1,157 |
| Progressive | $100 | $1,203 |
| Farmers | $124 | $1,487 |
Chevy Malibu Insurance Cost: Bottom Line
Regularly comparing rates from different providers can help you find the most affordable car insurance. This article provides an in-depth look at Chevrolet Malibu insurance, including costs across demographic groups and the cheapest providers.
Chevy Malibu Insurance Rates: FAQ
Below are common questions about Chevrolet Malibu insurance costs to help you understand pricing and options for your vehicle.
What company has the cheapest car insurance for a Chevrolet Malibu?
State Farm offers the cheapest car insurance for a Chevrolet Malibu, with an annual minimum coverage rate of $496.
What is the average cost of car insurance for a Chevrolet Malibu?
The average cost of minimum coverage auto insurance for a Chevrolet Malibu is $635. Full coverage averages $1,424.
Chevy Malibu Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 4,183 quotes for a Chevy Malibu from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Chevy Malibu:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine Chevy Malibu insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your Chevy Malibu.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.