2003 Mazda Protege5 Insurance Quotes – 5 Discounts for Cheaper Rates

Want lower insurance rates for your Mazda Protege5? Wish you could get out of an overpriced insurance policy? Don’t sweat it because many consumers feel financially strained by their insurance policy.

Companies like GEICO, 21st Century and Progressive continually hit you with TV and radio ads and it is difficult to ignore the promise of big savings and take the time to shop coverage around.

You should make it a habit to price shop coverage periodically since insurance prices change regularly. Just because you found the best rates on Protege5 coverage two years ago the chances are good that you can find a lower premium rate today. Block out anything you think you know about insurance because I’m going to teach you one of the best ways to save money, get proper coverage and the best rates.

If you currently have car insurance, you stand a good chance to be able to cut costs considerably using these tips. Finding the best rates is not rocket science. But car owners should learn how companies market on the web because it can help you find the best coverage.

Which insurance coverage is cheapest?

There are multiple methods you can shop for insurance coverage but one way is easier and takes less work. You can spend your afternoon talking to insurance agencies in your area, or you could save time and use online quoting to quickly compare rates.

Most major companies belong to a marketplace that allows shoppers to enter their policy data once, and every company then gives them pricing based on that information. This saves time by eliminating quote requests to every company.

To access this free quoting program, click to open in new window.

The one disadvantage to pricing coverage this way is you are unable to specify which insurance companies you want pricing from. So if you prefer to choose specific insurance companies to request quotes from, we have a listing of low cost insurance coverage companies in your area. Click here for list of insurance companies.

How you compare quotes is your choice, just try to use the exact same coverage information on every quote you get. If you use different data it’s impossible to make an equal comparison. Just a small difference in insurance coverages can make a big difference in price. And when price shopping your coverage, obtaining a wide range of quotes helps locate more affordable rates. Some companies don’t provide online price quotes, so it’s important to also get prices from those companies as well.

Save money with these five insurance coverage discounts

Some companies do not list every disount available very clearly, so the next list breaks down some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy car insurance online. If you are not receiving all the discounts possible, you may be paying too high a price.

  • Drive Safe and Save – Safe drivers can save up to 40% or more on their car insurance quote on Protege5 coverage than drivers with accidents.
  • Early Renewal Discounts – Some insurance coverage companies reward drivers for renewing your policy before your current coverage expires. This discount can save up to 10%.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase some life insurance in addition to your auto policy.
  • Paperwork-free – A few larger online companies will provide an incentive for buying a policy and signing up on the web.
  • Pay Upfront and Save – By paying your entire bill at once as opposed to paying monthly you could save 5% or more.

Consumers should know that some of the credits will not apply to the entire cost. Some only reduce individual premiums such as liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way.

If you would like to view companies who offer insurance coverage discounts, follow this link.

Car insurance can get complicated

When it comes to buying coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions can aid in determining if your situation may require specific advice.

  • Are my friends covered when driving my 2003 Mazda Protege5?
  • Should I buy only the required minimum liability coverage?
  • How much can I save by bundling my policies?
  • What are the best liability limits?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How do I buy GAP insurance?
  • Do I need special endorsements for business use of my vehicle?
  • Should I get collision insurance on every vehicle?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.

Parts of your insurance policy

Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average insurance policy.

Medical expense insurance – Med pay and PIP coverage provide coverage for short-term medical expenses like dental work, EMT expenses and nursing services. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers – This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.

Auto liability insurance – Liability coverage protects you from damage or injury you incur to people or other property that is your fault. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as bail bonds, attorney fees, court costs, repair bills for other people’s vehicles and medical services. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Comprehensive (Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like fire damage, rock chips in glass, hail damage, damage from a tornado or hurricane and vandalism. The most your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – This covers damage to your Protege5 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as crashing into a building, sustaining damage from a pot hole and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Stretch your dollar

Discount 2003 Mazda Protege5 insurance is definitely available from both online companies in addition to local insurance agencies, and you should compare rates from both in order to have the best price selection to choose from. There are still a few companies who may not provide the ability to get quotes online and many times these small insurance companies only sell coverage through local independent agencies.

We just covered quite a bit of information on how to reduce 2003 Mazda Protege5 insurance rates online. The key thing to remember is the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. You may be surprised to find that the lowest rates are with a smaller regional carrier. They may only write in your state and offer lower car insurance rates compared to the large companies like Progressive or GEICO.

Additional information can be read at the links below