2014 Mazda 5 Car Insurance Cost – 10 Ways to Save

Searching for the cheapest auto insurance rates for your Mazda 5? Have you finally had enough of sacrificing other expenses to pay auto insurance each month? You are no different than the majority of other people. Many insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates to find the absolute lowest price

It is always a good idea to compare premium rates before your next renewal because auto insurance prices are variable and change quite frequently. If you had the best deal on 5 coverage a year ago other companies may now be cheaper. Block out anything you think you know about auto insurance because I’m going to teach you how to quote online to reduce your cost while increasing coverage.

The quickest method we recommend to compare rate quotes is to know the trick almost all companies participate in online systems to provide you with a free rate quote. To start a quote, the only thing you need to do is provide a little information such as the ages of drivers, an estimate of your credit level, your education level, and if it has an anti-theft system. The rating information gets sent immediately to multiple top-rated companies and you get price estimates with very little delay.

Don’t overlook these ten auto insurance discounts

Insurance can cost an arm and a leg, but there are discounts available that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you get a quote, but some may not be applied and must be requested specifically before they will apply.

  • Active Service Discounts – Having a family member in the military could mean lower premium rates.
  • Discount for Life Insurance – Insurance carriers who offer life insurance give a lower price if you buy auto and life insurance together.
  • Accident Forgiveness – This isn’t a discount exactly, but companies like Allstate and State Farm allow you one accident before raising your premiums so long as you are claim-free for a set time period.
  • Student Discount for Driver Training – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • Online Discount – A few larger online companies will give a small break for buying your policy on the internet.
  • Drive Less and Save – Driving fewer miles could earn discounted rates on garaged vehicles.
  • Defensive Driver – Taking part in a course teaching safe driver skills can save you 5% or more if you qualify.
  • Discounts for Multiple Vehicles – Buying a policy with multiple vehicles with the same company can get a discount for every vehicle.
  • Federal Employees – Active or former government employment may reduce rates when you quote car insurance on 5 coverage depending on your company.
  • Claim-Free Discount – Insureds who avoid accidents and claims have much lower rates as compared to drivers who are more careless.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. A few only apply to specific coverage prices like collision or personal injury protection. Despite the appearance that you could get a free auto insurance policy, companies don’t profit that way.

For a list of insurers with the best discounts, click this link.

When to get professional advice

When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions might point out whether your personal situation might need an agent’s assistance.

  • When can I cancel my policy?
  • How do I file an SR-22 for a DUI in my state?
  • Is business property covered if stolen from my car?
  • Do I need replacement cost coverage on my 2014 Mazda 5?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Why am I required to buy liability insurance?
  • What if I owe more than I can insure my car for?
  • Are split liability limits better than a combined single limit?
  • Does my car insurance cover rental cars?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.

Insurance coverage companies are expert advertisers

Consumers can’t get away from ads that claim the best car insurance rates from companies such as Allstate and Progressive. All the companies try to convey promises of big savings if you switch your insurance coverage coverage to their company.

But how can every company save you money? This is the trick they use.

Many companies have specific criteria for the type of driver that earns them a profit. A good example of a preferred risk might have to be over the age of 45, has no claims, and chooses high deductibles. Any customer that fits those parameters will probably get the lowest car insurance rates and most likely will save a lot if they switch.

Potential insureds who are not a match for this ideal profile will be charged higher prices and this results in the customer not buying. If you pay close attention to the ads, they say “drivers who switch” not “all people who quote” save that much when switching. That’s why insurance companies can advertise the way they do.

This really drives home the point why you should quote coverage with many companies. Because you never know with any certainty which company will have better car insurance rates than you’re paying now.

Insurance coverage considerations

Having a good grasp of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. Listed below are the normal coverages available from insurance companies.

Comprehensive insurance – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things such as fire damage, a broken windshield, hail damage and falling objects. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like rehabilitation expenses, EMT expenses and hospital visits. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Liability coverage – This coverage will cover damage or injury you incur to people or other property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for claims such as repair costs for stationary objects, structural damage and medical services. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Collision coverage – Collision coverage covers damage to your 5 resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a mailbox, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Don’t throw your cash in the trash

When searching for inexpensive car insurance quotes, never buy poor coverage just to save money. In many cases, consumers will sacrifice physical damage coverage and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

In this article, we presented many ideas to shop for 2014 Mazda 5 insurance online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your prices. You may be surprised to find that the lowest premium rates are with the smaller companies. Smaller companies may have significantly lower prices on certain market segments than their larger competitors like State Farm or Progressive.

Some insurance providers do not offer rate quotes online small insurance companies sell through independent agents. Budget-friendly auto insurance is attainable from both online companies and with local insurance agents, and you should be comparing both to get a complete price analysis.

More information is available on the following sites: