2001 Mazda 626 Insurance Cost

Do you get exhausted from paying out the nose to pay insurance coverage each month? You are in the same boat as many other consumers.

Online insurance companies like GEICO and Progressive constantly blast consumers with ads and it is difficult to avoid their marketing magic and effectively compare rates to find the best deal.

Lower your insurance prices

It’s important that you understand the different types of things that go into determining the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that may result in big savings.

  • Lower car insurance rates with alarms and GPS tracking – Choosing a vehicle that has a built-in theft deterrent system can help lower your premiums. Systems that thwart theives such as OnStar, LoJack tracking, and tamper alarms can help prevent car theft.
  • Get better costs if you’re married – Getting married may save some money compared to being single. Having a significant other usually means you are more mature than a single person and it’s statistically proven that drivers who are married file infrequent claims.
  • The higher your credit rating the lower your rates – Having a bad credit history is a big factor in determining what you pay. If your credit score is low, you may save money insuring your 2001 Mazda 626 if you improve your credit rating. People with high credit scores tend to be more responsible as compared to drivers with lower ratings.
  • When should you not file a claims? – If you are the type of insured that files lots of claims you can expect higher rates. Companies award the best rates to people who only file infrequent claims. Your car insurance is designed for larger claims.
  • Avoid policy lapses – Not maintaining insurance is illegal and companies may charge more for letting your coverage have a gap. Not only will you pay more, being ticketed for driving with no insurance may earn you fines or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Are females or males drivers cheaper? – Over the last 50 years, statistics have shown that females take fewer risks when driving. Now that doesn’t mean women are BETTER drivers than men. Both genders are in accidents at a similar rate, but males tend to have more serious accidents. Men also tend to get more serious tickets like DWI (DUI) or reckless driving.

Save a ton with these auto insurance discounts

Auto insurance is not an enjoyable expense, but there’s a good chance there are discounts that you may not know about. Larger premium reductions will be automatically applied at the time you complete a quote, but some must be specifically requested prior to getting the savings.

  • Waiver for an Accident – Not a discount per se, but some companies like State Farm, Progressive and GEICO may permit one accident before raising your premiums so long as you haven’t had any claims before the accident.
  • No Claims – Claim-free drivers can earn big discounts as opposed to accident-prone drivers.
  • Multi-policy Discount – If you have multiple policies with the same company you will save approximately 10% to 15%.
  • Driving Data Discount – People who choose to allow driving data submission to look at driving patterns through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they show good driving skills.
  • Discount for New Cars – Adding a new car to your policy may earn a small discount because newer models keep occupants safer.
  • Multi-Vehicle Discounts – Purchasing coverage when you have multiple vehicles on one policy could earn a price break for each car.
  • Payment Method – By paying your entire bill at once instead of paying each month you may reduce your total bill.
  • Renewal Discounts – Select auto insurance companies give a discount for buying a policy prior to your current policy expiring. This can save 10% or more.
  • Senior Discount – If you’re over the age of 55, you could receive a small decrease in premiums for 626 insurance.

One last thing about discounts, most discounts do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, companies wouldn’t make money that way.

A list of auto insurance companies and their possible discounts are shown below.

  • 21st Century discounts include theft prevention, anti-lock brakes, early bird, defensive driver, automatic seat belts, good student, and air bags.
  • State Farm may offer discounts for good student, accident-free, multiple autos, Steer Clear safe driver discount, and anti-theft.
  • AAA includes discounts for anti-theft, education and occupation, good student, AAA membership discount, pay-in-full, good driver, and multi-policy.
  • Liberty Mutual may include discounts for good student, newly retired, new graduate, new vehicle discount, and new move discount.
  • Progressive has discounts for online quote discount, homeowner, continuous coverage, good student, online signing, multi-vehicle, and multi-policy.

When quoting, ask all the companies the best way to save money. Depending on the company, some discounts may not apply to policies in your area. To view auto insurance companies that have a full spectrum of discounts, follow this link.

Insurance coverage savings promises

Insurance coverage companies such as GEICO, State Farm and Progressive consistently run television, radio, and online ads. All the ads advertise claims that people will save if you move your policy. How does every insurance coverage company offer you a better deal? You have to listen carefully.

Companies have a preferred profile for the right customer that will be a good risk. For instance, a desirable risk might be over the age of 50, owns a home, and drives a car with an anti-theft system. A customer who fits those characteristics will qualify for the lowest rates and will also save when switching.

Consumers who cannot meet this ideal profile will be quoted a higher rate with the end result being the driver buying from a lower-cost company. The ads say “customers who switch” not “everyone who quotes” save that much. This is how companies can truthfully make those claims. Different companies use different criteria so drivers must compare rate quotes every year. It is just not possible to predict with any certainty which company will provide you with the cheapest prices.

Insurance can get complicated

When it comes to buying the right insurance coverage for your vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions might help in determining if your situation may require specific advice.

  • Are all vehicle passengers covered by medical payments coverage?
  • Does insurance cover tools stolen from my truck?
  • When should I not file a claim?
  • Does car insurance cover theft of personal property?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What is the ISO rating for a 2001 Mazda 626?
  • When do I need to add a new car to my policy?
  • Does coverage extend to a rental car in a foreign country?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Insurance specifics

Having a good grasp of your insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverage types available from insurance companies.

Collision coverage

Collision insurance covers damage to your 626 resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as sustaining damage from a pot hole, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from flooding, rock chips in glass, fire damage and damage from getting keyed. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as doctor visits, surgery, pain medications and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Liability insurance

Liability coverage protects you from damage or injury you incur to people or other property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

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 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims like loss of income, repair bills for other people’s vehicles and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Feed the piggy bank

When you buy insurance online, it’s a bad idea to buy poor coverage just to save money. In too many instances, drivers have reduced physical damage coverage and learned later they didn’t have enough coverage. The aim is to buy enough coverage for the lowest cost, but do not skimp to save money.

In this article, we presented some good ideas how to compare 2001 Mazda 626 insurance prices online. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. You may even discover the lowest priced auto insurance comes from the least-expected company. Some small companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate and Progressive.

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