Cheap 2016 Mazda 3 Insurance Rates

Consumers have a choice when looking for affordable Mazda 3 insurance. They can either spend hours contacting agents to compare prices or use the internet to get rate quotes. There are more efficient ways to shop for auto insurance so you’re going to learn the quickest way to compare rates for a Mazda and find the lowest price from both online companies and local agents.

Quote car insurance online

There are multiple methods to shop for car insurance, but there is one way that is less labor-intensive and much quicker. You could waste a few hours talking about coverages with insurance companies in your area, or you could use online quotes to quickly compare rates.

Many companies participate in an industry program where insurance shoppers enter their policy data once, and at least one company can give them a price based on that information. This prevents consumers from doing quotation requests to each individual car insurance company.

To compare pricing click here to start a free quote.

One minor caviat to comparing rates this way is that you can’t choose which insurance companies to get pricing from. So if you prefer to choose specific insurance companies to receive pricing from, we have a page of the cheapest car insurance companies in your area. Click here to view list.

Whichever way you use, make sure you compare the same deductibles and coverage limits on every price quote you get. If you are comparing different deductibles you can’t possibly get a fair rate comparison.

The Mazda 3 insurance cost equation

Many things are used in the calculation when you quote your car insurance policy. Most are fairly basic like an MVR report, but some are more transparent such as your marital status or how safe your car is.

Shown below are most of the major factors insurance coverage companies consider when setting your rate level.

  • Low credit rating equals high prices – Having a bad credit history factor in determining premium rates. If your credit is not that good, you could save money insuring your 2016 Mazda 3 by improving your rating. People with very high credit ratings tend to be better drivers and file fewer claims than drivers with lower ratings.
  • High coverage deductibles reduce costs – Comp and collision deductibles represent how much money you are willing to pay out-of-pocket before your insurance coverage pays a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered would be a windshield broken by a bird, collision with a deer, and having a roll-over accident. The more money you’re willing to pay, the less your company will charge you for insurance for 3 coverage.
  • Your car’s features help determine insurance coverage rates – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your insurance coverage. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent vehicle theft.
  • Liability protection limits should be high – Liability insurance will provide protection in the event that you are responsible for causing damage or personal injury in an accident. It will provide legal defense coverage which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so do not cut corners here.
  • Prices impacted by vehicle usage – Driving more miles each year the more you’ll pay to insure your vehicle. Many insurance companies calculate rates based on how the vehicle is used. Vehicles that sit idle most of the time cost less to insure than those used for commuting. An improperly rated 3 may be costing you higher rates. Double check that your policy properly reflects the correct usage, because it can save money.
  • Younger drivers pay higher prices – Older people are viewed as being more responsible, cause fewer claims and accidents and are safer drivers.Youthful drivers are statistically proven to be less responsible when behind the wheel so they pay higher insurance coverage rates.

You may qualify for discounts

Some providers don’t always advertise all available discounts very well, so the list below contains some of the best known and the more hidden credits available to lower your premiums when you buy auto insurance online.

  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up before driving can save a little off the medical payments premium.
  • Good Student Discount – Being a good student may save you up to 25%. Most companies allow this discount until age 25.
  • More Vehicles More Savings – Drivers who insure multiple cars on one policy can get a discount for every vehicle.
  • Home Ownership Discount – Being a homeowner can save a few bucks since owning and maintaining a home shows financial diligence.
  • Driver Safety – Passing a driver safety class may get you a small discount depending on where you live.
  • Claim Free – Claim-free drivers have much lower rates as compared to drivers with a long claim history.
  • Switch and Save Discount – Some companies give discounts for renewing your policy early. You can save around 10% with this discount.

As a sidenote, most of the big mark downs will not be given to your bottom line cost. Most only cut individual premiums such as medical payments or collision. Even though it appears all the discounts add up to a free policy, you aren’t that lucky.

A list of insurance coverage companies and a selection of discounts include:

  • Esurance has savings for paid-in-full, defensive driver, multi-policy, Pac-12 alumni, good student, Switch & Save, and emergency road assistance.
  • The Hartford discounts include defensive driver, air bag, bundle, good student, anti-theft, driver training, and vehicle fuel type.
  • AAA offers premium reductions for education and occupation, multi-policy, good driver, pay-in-full, multi-car, and good student.
  • GEICO may include discounts for good student, driver training, multi-policy, five-year accident-free, membership and employees, and air bags.
  • State Farm may have discounts that include accident-free, driver’s education, multiple policy, good student, Steer Clear safe driver discount, defensive driving training, and student away at school.

When comparing rates, check with each insurance company what discounts are available to you. Some of the discounts discussed earlier may not apply to policies in your state. If you would like to choose from a list of insurance companies who offer insurance coverage discounts, click here.

There’s no such thing as the perfect car insurance policy

When it comes to choosing adequate coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.

For instance, these questions can help discover if your insurance needs might need professional guidance.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered by my spouse’s policy after a separation?
  • Am I getting all the discounts available?
  • What is the rate difference between pleasure use and commuting?
  • When should I drop full coverage on my 2016 Mazda 3?
  • Which companies will insure high-risk drivers?
  • What should my uninsured motorist coverage limits be in my state?
  • Does insurance cover tools stolen from my truck?
  • Does coverage extend to a rental car in a foreign country?
  • How high should deductibles be on a 2016 Mazda 3?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.

Information about specific coverages

Understanding the coverages of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Liability auto insurance

Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability can pay for claims such as repair bills for other people’s vehicles, pain and suffering and court costs. How much liability should you purchase? That is a decision to put some thought into, but buy as large an amount as possible.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as nursing services, ambulance fees, doctor visits, EMT expenses and rehabilitation expenses. They can be utilized in addition to your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision insurance pays for damage to your 3 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as sideswiping another vehicle, hitting a mailbox, colliding with a tree, hitting a parking meter and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Comprehensive coverage

Comprehensive insurance coverage pays for 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 damage from flooding, damage from a tornado or hurricane, a broken windshield and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

This provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as damage to your Mazda 3.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Be Smart and Buy Smart

Budget-friendly insurance can be found from both online companies as well as from independent agents, and you should be comparing both to have the best rate selection. Some insurance companies may not provide price quotes online and most of the time these small, regional companies only sell coverage through local independent agencies.

In this article, we covered some good ideas how to lower your 2016 Mazda 3 insurance rates. The most important thing to understand is the more times you quote, the better your chances of lowering your car insurance rates. You may be surprised to find that the lowest priced insurance comes from the smaller companies.

While you’re price shopping online, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced physical damage coverage only to regret that the small savings ended up costing them much more. Your goal should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

More detailed insurance information is available in the articles below: