Lower Your 2014 Mazda Mazda5 Insurance Quotes

Want the cheapest auto insurance rates for your Mazda Mazda5? Do you get exhausted from not being able to afford to keep your car insured? You are in the same boat as millions of other vehicle owners. Multiple insurers compete to insure your vehicles, so it can be very hard to choose a company to get the best price available.

Mazda Mazda5 insurance rates can be more affordable

Multiple criteria are taken into consideration when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, but others are less obvious such as your credit history or your commute time.It’s important that you understand some of the things that come into play when calculating your policy premiums. When you understand what determines premiums, this allows you to make good choices that will entitle you to better insurance coverage rates.

The following are just a few of the factors used by companies to determine your premiums.

  • Improve your credit score – Having a good credit score is likely to be a major factor in determining premium rates. Insureds that have very good credit scores tend to be more responsible and file fewer claims than those with bad credit. If your credit could use some work, you could potentially save money when insuring your 2014 Mazda Mazda5 if you improve your credit rating.
  • Lower rates for safer cars – Cars with five star safety ratings tend to be cheaper to insure. Safe vehicles have better occupant injury protection and lower rates of occupant injuries translates into savings for insurance companies and cheaper rates on your policy. If your Mazda Mazda5 is rated at a minimum four stars on Safercar.gov it may cost less to insure.
  • Limits of liability insurance – A critical coverage on your policy, liability insurance will protect you in the event that you are ruled to be at fault for damages from an accident. This coverage provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to comp and collision, so drivers should carry high limits.
  • How many coverages with the same company – Many insurers apply a discount for people who have multiple policies with them in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. Even if you qualify for this discount already, consumers should still shop around to confirm you are receiving the best rates possible. Drivers may still find better rates even if you insure with multiple companies
  • Gender and auto insurance prices – Statistics demonstrate that women are safer drivers than men. It does not mean women are better drivers. Women and men tend to get into fender benders in similar numbers, but the men get into accidents with more damage. In addition to higher claims, males also get cited for more serious violations like DUI and reckless driving. Males from age 16 to 21 generally have the highest accident percentage and therefore pay the highest rates.
  • Your career may increase rates – Did you know that where you work can have an impact on rates? Careers like doctors, social workers and miners tend to have higher rates than average due to job stress and incredibly demanding work hours. On the other hand, occupations such as professors, athletes and homemakers receive lower rates for Mazda5 coverage.
  • An active insurance claims history can cost more – If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Car insurance companies generally give better rates to policyholders who are claim-free. Auto insurance is meant to be used in the event of the large, substantial claims.

How to buy car insurance online

There are a variety of methods to compare car insurance prices but there is one way that is easier and takes less work. You can waste a lot of time driving to agents in your area, or you can utilize online quotes to get the quickest rates.

Most major companies participate in a marketplace that enables customers to enter their policy data once, and every company then gives them pricing for coverage. This saves time by eliminating quote forms to every company. To participate in this free quote system, click here to open in new window.

The one downside to doing it this way is you are unable to specify which carriers to receive prices from. So if you prefer to choose from a list of companies to compare rates, we have assembled a list of car insurance companies in your area. Click to view list.

You can choose any of those ways to find more affodable coverage, but try to use nearly identical coverage limits and deductibles for each quote you get. If your comparisons have different liability limits you can’t possibly truly determine the lowest rate.

Why you might not save $430 a year

Consumers can’t get away from ads for cheaper insurance coverage by Allstate, GEICO and Progressive. They all seem to advertise the message that drivers can save some big amount if you just switch your insurance coverage policy to them.

How does every company say the same thing? Here is the trick they use.

Insurance companies give the cheapest rates for the type of customer that will generate a profit. A good example of this type of insured should be between 25 and 40, owns their home, and drives less than 5,000 miles a year. A propective insured that fits those parameters will qualify for the lowest rates and have a good chance to save when they switch companies.

People who fall short of this ideal profile may be forced to pay higher premium rates and this results in the customer not purchasing. The ads state “people who switch” not “everyone who quotes” save that kind of money. That’s why companies can truthfully advertise the way they do.

This really emphasizes why you absolutely need to compare as many free insurance coverage quotes as you can. It’s just too difficult to predict which company will have the best premium rates for your profile.

Discounts can really help save money

Car insurance can cost a lot, but you might be missing out on some discounts that can help lower your rates. A few discounts will be applied when you quote, but occassionally some discounts must be asked for in order for you to get them. If you are not receiving all the discounts you deserve, you could be saving more on your car insurance.

  • Memberships – Belonging to specific professional or occupational memberships or organizations is a simple method to lower premiums when getting a insurance coverage quote.
  • Distant College Student Discount – Children who attend college more than 100 miles from home and don’t have a car could get you a discount.
  • Defensive Driver Discounts – Completing a defensive driving course can save you 5% or more if you qualify.
  • Low Mileage Discounts – Keeping the miles down on your Mazda could earn lower premium rates due to less chance of an accident.
  • Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted rate on car insurance if you buy auto and life insurance together.
  • Early Signing – A few companies give discounts for switching to them before your current expiration date. It’s a savings of about 10%.

Policy discounts save money, but most discount credits are not given to all coverage premiums. Most only cut the cost of specific coverages such as liability and collision coverage. Even though it appears it’s possible to get free car insurance, that’s just not realistic.

A list of car insurance companies and a partial list of their discounts are:

  • GEICO may include discounts for membership and employees, seat belt use, defensive driver, five-year accident-free, emergency military deployment, and anti-lock brakes.
  • Auto-Owners Insurance has savings for mature driver, air bags, good student, paid in full, and anti-lock brakes.
  • American Family has discounts for early bird, good student, good driver, accident-free, air bags, bundled insurance, and mySafetyValet.
  • Esurance policyholders can earn discounts including homeowner, emergency road assistance, multi-policy, Switch & Save, claim free, renters, and DriveSense.
  • Progressive may offer discounts for continuous coverage, multi-policy, homeowner, online signing, and multi-vehicle.
  • State Farm discounts include good driver, passive restraint, anti-theft, accident-free, multiple policy, and student away at school.
  • AAA may have discounts that include good student, pay-in-full, AAA membership discount, multi-car, anti-theft, education and occupation, and good driver.

Before purchasing a policy, check with each insurance company which discounts can lower your rates. Some discounts might not be offered on policies everywhere. To find providers with the best discounts, click here to view.

Will just any policy work for me?

When choosing adequate coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions may help highlight whether you would benefit from professional advice.

  • Should I put collision coverage on all my vehicles?
  • Does my policy pay for OEM or aftermarket parts?
  • Are my tools covered if they get stolen from my vehicle?
  • Can my teen driver be rated on a liability-only vehicle?
  • When can I cancel my policy?
  • Does my personal policy cover me when driving out-of-state?
  • Do I need to file an SR-22 for a DUI in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Specific coverage details

Knowing the specifics of your car insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages offered by car insurance companies.

Coverage for liability – Liability coverage provides protection from damage or injury you incur to people or other property in an accident. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as structural damage, repair bills for other people’s vehicles, court costs and medical services. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like X-ray expenses, hospital visits, prosthetic devices, funeral costs and doctor visits. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision – Collision coverage pays for damage to your Mazda5 resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a building, driving through your garage door, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like theft, hail damage and damage from flooding. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Frequently these coverages are set the same as your liablity limits.

Don’t throw your cash in the trash

As you quote insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where an insured cut full coverage only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to find the BEST coverage for the lowest price while still protecting your assets.

We just covered a lot of information how to lower your 2014 Mazda Mazda5 insurance prices. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the lowest prices are with a lesser-known regional company. Regional companies often have lower rates on specific markets than their larger competitors like GEICO and State Farm.

More affordable insurance can be found from both online companies in addition to many insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies may not provide the ability to get quotes online and usually these regional carriers only sell through independent agencies.

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