I can't think of a single person who looks forward to paying premiums for auto insurance, in particular when they are paying too much.

Insurance rates Chevy Malibu in RenoSurprisingly, a recent survey revealed that the vast majority of consumers kept their coverage with the same auto insurance company for at least the last four years, and approximately 38% of consumers have never compared rate quotes at all. Reno drivers could pocket up to $545 a year just by comparing rates, but they just assume it takes a lot of time to compare other rate quotes.

Big companies like Progressive, GEICO and Farmers Insurance all claim big savings, bombarding you with catchy ads and it is difficult to see past the corporate glitz and find the best price available.

These discounts can lower your auto insurance quotes

Car insurance can cost a lot, but you might be missing out on some discounts that you may not even know about. Some discounts will apply at the time you complete a quote, but some need to be asked for before you get the savings.Discount auto insurance

A quick disclaimer, most of the big mark downs will not be given to the entire policy premium. Most cut individual premiums such as comprehensive or collision. So when the math indicates all those discounts means the company will pay you, insurance companies wouldn't stay in business.

To choose providers who offer discounts in Reno, click here to view.

There are several ways of comparing rates from local Reno insurance companies. One of the best ways to find affordable insurance rates is simply to get online rate quotes.

It's so easy to compare rates online that it takes the place of having to actually drive to and from local Reno insurance agencies. Comparing Chevy Malibu insurance rate quotes online has made agencies unnecessary unless you want the extra assistance of a licensed agent. Some companies do allow you to find lower rates online but have a local agent actually write the policy. When quoting insurance, remember that comparing more rates from different companies provides better odds of finding a lower rate.

The companies shown below provide free rate quotes in Reno, NV. If multiple companies are listed, we recommend you click on several of them to find the most affordable car insurance rates.

Chevrolet Malibu Insurance Rates in Reno, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $228 $494 $348 $20 $104 $1,194 $100
Malibu Hybrid $142 $286 $400 $24 $120 $972 $81
Malibu LT $264 $462 $372 $22 $112 $1,232 $103
Malibu LTZ $206 $392 $290 $18 $86 $992 $83
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific garaging location which can alter price quotes noticeably.

Comparison of policy deductibles

When buying auto insurance, a common question is the level to set your comp and collision deductibles. The following insurance rates can help you understand the difference in cost when you select higher and lower deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Chevrolet Malibu insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $266 $478 $308 $18 $92 $1,187 $99
Malibu Hybrid $266 $478 $308 $18 $92 $1,187 $99
Malibu LT $300 $478 $308 $18 $92 $1,221 $102
Malibu LTZ $300 $564 $308 $18 $92 $1,307 $109
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Chevrolet Malibu insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $194 $324 $308 $18 $92 $936 $78
Malibu Hybrid $194 $324 $308 $18 $92 $936 $78
Malibu LT $218 $324 $308 $18 $92 $960 $80
Malibu LTZ $218 $382 $308 $18 $92 $1,018 $85
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Price information does not factor in zip code location which can affect price quotes noticeably.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $22 more each month or $264 for a full year than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 18 months between claims, you would more than likely save some money by selecting a higher deductible.

Rate comparison of full coverage and liability-only

The example below examines Chevrolet Malibu auto insurance rates with and without physical damage coverage. The costs are based on a clean driving record, no claims, $250 deductibles, married male driver, and no discounts are applied.

Should you be buying full coverage?

There is no clear-cut rule to stop paying for full coverage, but there is a general guideline. If the annual cost of having full coverage is more than 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let's say your Chevrolet Malibu replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after the policy deductible has been paid. If you are currently paying more than $400 annually for your policy with full coverage, then you might consider buying liability only.

There are some cases where dropping physical damage coverage is not a good plan. If you haven't satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

Local Reno car insurance agents and insurance

A lot of people still like to get professional advice from a licensed agent and doing so can bring peace of mind One of the benefits of comparing insurance online is that you can obtain the lowest rates and still buy from a local agent.

Insurance agency in RenoTo help locate an agent, after submitting this simple form, your insurance data is emailed to insurance agents in Reno who will give you quotes for your coverage. You won't even need to find an agent on your own due to the fact that quote results will go to the email address you provide. You can find lower rates and a licensed agent to work with. If you need to get a price quote for a specific company, don't hesitate to navigate to their website and submit a quote form there.

Finding the right provider requires you to look at more than just the premium amount. These questions are important to ask:

If you would like to find a reliable insurance agency, it's helpful to know the different types of agencies that you can select. Reno agents can be classified as either independent or exclusive depending on the company they work for.

Exclusive Insurance Agents

Agents of this type can only place business with one company and examples are Farmers Insurance, Allstate, or State Farm. They usually cannot compare rates from other companies so it's a take it or leave it situation. Exclusive agents are trained well on the products they sell which helps them compete with independent agents.

The following are exclusive agents in Reno willing to provide comparison quotes.

59 Damonte Ranch Pkwy a - Reno, NV 89521 - (775) 327-4800 - View Map

255 W Moana Ln #106 - Reno, NV 89509 - (775) 826-9200 - View Map

4792 Caughlin Pkwy #204 - Reno, NV 89519 - (775) 827-1965 - View Map

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Independent Insurance Agencies

Independent agencies are not locked into one company so they have the ability to put coverage through lots of different companies depending on which coverage is best. To transfer your coverage to a different company, they simply switch companies in-house and you stay with the same agent. When comparing insurance rates, it's a good idea to compare prices from at least one independent agent to maximize your price options.

Listed below are Reno independent insurance agencies that are able to give price quotes.

560 California Ave - Reno, NV 89509 - (775) 348-4700 - View Map

All of Nevada Insurance
3400 Kauai Ct # 207 - Reno, NV 89509 - (775) 324-1949 - View Map

Bob Lopez Insurance Agency
30 Mary St - Reno, NV 89509 - (775) 354-4126 - View Map

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More comparisons equals affordable rates

Some insurance providers do not provide online quoting and most of the time these smaller companies sell through local independent agencies. The cheapest Chevy Malibu insurance in Reno is possible both online in addition to local insurance agencies, and you need to comparison shop both to have the best rate selection.

As you go through the steps to switch your coverage, don't be tempted to reduce coverage to reduce premium. In too many instances, drivers have reduced comprehensive coverage or liability limits only to discover later that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.

Much more information about insurance in Nevada is located on the following sites: