Lower Your 1994 Mazda MX-3 Car Insurance Quotes

Tired of robbing Peter to pay Paul to pay auto insurance each month? You have the same problem as many other consumers.

Consumers have so many car insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, having more car insurance companies makes it harder to find the lowest cost provider.

Locating the lowest cost insurance coverage coverage can be fairly easy. Essentially every driver who is required by state law to have insurance coverage will more than likely be able to find better rates. But consumers must understand the methods companies use to compete online and take advantage of how the system works.

Finding insurance coverage

Comparing insurance coverage rates can be a daunting task if you don’t utilize the fastest way to get free quotes. You can waste a few hours (or days) discussing policy coverages with local insurance agents in your area, or you can stay home and use the web to achieve your goal.

Many insurance companies participate in an industry program where prospective buyers submit their information once, and every company returns a competitive quote. This system prevents you from having to do form submissions to each individual insurance coverage company.

To find out how much you’re overpaying now click here (opens in new window).

The only downside to getting quotes like this is you cannot specify which providers to receive prices from. So if you prefer to choose specific providers to compare rates, we have assembled a list of insurance coverage companies in your area. Click here for list of insurance companies.

However you get your quotes, make sure you are using equivalent deductibles and coverage limits for each price quote. If you are comparing unequal deductibles or liability limits it will be very difficult to determine the lowest rate for your Mazda MX-3. Having just a slight variation in coverage limits can mean a large discrepancy in price. And when comparison shopping, getting more free quotes provides better odds of finding the best offered rates. Some smaller insurers to not give quotes online, so it’s recommended that you also compare price estimates from them as well.

Find hidden discounts to get affordable auto insurance quotes

The price of auto insurance can be rather high, but you might find some hidden discounts to help offset the cost. Many discounts should be triggered when you quote, but once in a while a discount must be specifically requested in order for you to get them.

  • Multiple Vehicles – Buying coverage for all your vehicles on the same auto insurance policy can get a discount on all vehicles.
  • Smart Student Discounts – A discount for being a good student may save as much as 25% on a insurance quote. Many companies even apply the discount to college students until age 25.
  • Switch and Save Discount – A few companies offer discounts for switching to them before your current expiration date. It can save you around 10%.
  • Professional Memberships – Participating in a professional or civic organization is a good way to get lower rates when getting a insurance quote.
  • Buy New and Save – Insuring a new car can save you some money due to better safety requirements for new vehicles.
  • Fewer Miles Equal More Savings – Maintaining low annual mileage can earn lower rates on the low mileage vehicles.
  • First Accident Forgiveness – This isn’t a discount exactly, but companies like Liberty Mutual, Allstate and State Farm will forgive one accident without raising rates with the catch being you have to be claim-free for a certain period of time.
  • Discount for Home Ownership – Simply owning a home can save you money since home ownership shows financial diligence.

Policy discounts save money, but most discount credits are not given to the entire policy premium. A few only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates you could get a free auto insurance policy, insurance companies wouldn’t stay in business. Any amount of discount will help lower your premiums.

If you would like to choose from a list of auto insurance companies who offer cheap auto insurance quotes, click here to view.

Seven tips to get more affordable insurance costs

Many things are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, although others are more obscure such as your credit history or how safe your car is.A large part of saving on insurance coverage is knowing some of the factors that come into play when calculating your insurance coverage rates. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that may result in better insurance coverage rates.

  • Tickets are costly – Just one citation may cause rates to rise by as much as thirty percent. Attentive drivers pay less for auto insurance compared to drivers with tickets. Drivers with careless violations like DWI, reckless driving or hit and run convictions may be required to maintain a SR-22 with their state in order to prevent their license from being revoked.
  • With age comes lower premiums – Older people are viewed as being more responsible, file fewer claims , and usually have better credit.Beginning drivers are statistically proven to be easily distracted when driving so they pay higher insurance coverage rates.
  • Married people drive safer – Your spouse can actually save you money on insurance coverage. It may mean you are more mature and statistics show drivers who are married file infrequent claims.
  • Buy as much liability insurance as you can afford – Your policy’s liability coverage is the protection in the event that you are ruled to be at fault for damages caused by your negligence. Your liability coverage provides for a legal defense starting from day one. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Always have insurance coverage – Driving without insurance coverage in place can get your license suspended and any future policy may cost more because you let your coverage have a gap. In addition to paying higher rates, not being able to provide proof of insurance will get you a license revocation or jail time. Then you may be required to file a SR-22 with your state motor vehicle department.
  • More people means more accidents – Living in smaller towns and rural areas of the country has it’s advantages when trying to find low car insurance rates. Less people translates into fewer accident claims. City drivers have much more traffic and more time behind the wheel. More time commuting means more chance of being in an accident.
  • Compare rates if you bundle your policies – The majority of insurers allow discounts to customers who carry more than one policy. It’s known as a multi-policy discount. Even with this discount applied, it’s in your best interest to comparison shop to verify if the discount is saving money. Consumers may save even more than the discount by insuring with multiple companies.

Tailor your insurance coverage to you

When choosing coverage for your personal vehicles, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether you might need an agent’s assistance.

  • Am I covered when driving someone else’s vehicle?
  • How much liability coverage do I need in my state?
  • Do I have any recourse if my insurance company denies a claim?
  • Does my policy pay for OEM or aftermarket parts?
  • Am I covered when using my vehicle for business?
  • How much liability do I need to cover my assets?
  • If my 1994 Mazda MX-3 is totaled, can I afford another vehicle?

If you don’t know the answers to these questions, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area.

Insurance policy coverages for a 1994 Mazda MX-3

Learning about specific coverages of your insurance policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverage types available from insurance companies.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for bills for surgery, prosthetic devices, nursing services, dental work and ambulance fees. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision protection

This coverage covers damage to your MX-3 resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like rolling your car, crashing into a building, scraping a guard rail, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to bring the cost down.

Liability coverage

Liability coverage will cover damage that occurs to other people or property in an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as legal defense fees, attorney fees, structural damage and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these limits are identical to your policy’s liability coverage.

Comprehensive coverage (or Other than Collision)

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, a tree branch falling on your vehicle, damage from flooding and fire damage. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Don’t be a big spender

We covered quite a bit of information on how to shop for 1994 Mazda MX-3 insurance online. The key thing to remember is the more quotes you get, the better your chances of lowering your car insurance rates. Consumers may even find the lowest rates come from a lesser-known regional company. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm, GEICO and Nationwide.

As you shop your coverage around, it’s very important that you do not buy poor coverage just to save money. There are too many instances where someone sacrificed physical damage coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase plenty of coverage at the lowest possible cost and still be able to protect your assets.

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