Consumers have lots of choices when looking for low-cost Mazda 5 insurance. You can either spend your time driving around to get rate comparisons or save time using the internet to make rate comparisons. There are more efficient ways to find auto insurance online so you’re going to learn the absolute fastest way to get price quotes for a new or used Mazda and locate the lowest possible price from both online companies and local agents.
You should take the time to get comparison quotes quite often since insurance rates are constantly changing. Despite the fact that you may have had the lowest price on 5 coverage two years ago you will most likely find a better rate today. Starting right now, ignore everything you know about auto insurance because you’re about to learn one of the quickest ways to properly buy coverages and cut your premium.
If you have insurance now or are just looking to switch companies, you can follow these tips to reduce the price you pay and still get good coverage. The purpose of this post is to help you learn how to effectively get price quotes and some tricks to saving. Drivers only need to know the tricks to buy auto insurance over the internet.
Free Auto Insurance Quotes
There are a variety of methods to compare auto insurance prices but some are less time-consuming than others. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you can utilize the internet to quickly compare rates.
Many of the larger companies enroll in a system that allows shoppers to only type in their quote data once, and each company then returns a price quote for coverage. This eliminates the need for quote requests to each company.
To fill out one form to compare multiple rates now click to open in new window.
The one downside to getting quotes like this is you cannot specify which insurance companies to get quotes from. So if you want to choose from a list of companies to compare prices, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.
It’s up to you how you get prices quotes, just ensure you are comparing identical coverages and limits for each comparison quote. If you use different limits and deductibles on each one you will not be able to determine the best price for your Mazda 5.
Cut your auto insurance rates with discounts
Companies that sell car insurance do not advertise all their discounts very well, so the following is a list of some of the more common and the more hidden auto insurance savings. If you don’t get every credit you deserve, you are throwing money away.
- Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you may reduce your total bill.
- Military Discounts – Having a deployed family member could be rewarded with lower premiums.
- Student in College – Kids in college who live away from home and do not have access to a covered vehicle may be able to be covered for less.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of more than 20%.
- Seat Belt Usage – Requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
It’s important to note that most discounts do not apply to the overall cost of the policy. Most only apply to specific coverage prices like comp or med pay. So even though it sounds like you could get a free auto insurance policy, it just doesn’t work that way.
Mazda 5 rates are made up of many parts
Consumers need to have an understanding of the different types of things that go into determining the rates you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that could result in big savings.
Listed below are some of the items companies use to determine premiums.
- Drive less and save money – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. Most insurance companies rate vehicles determined by how the vehicle is used. Cars used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Double check that your auto insurance declarations sheet shows the correct usage for each vehicle, because improper ratings can cost you money. Incorrect usage on your 5 can cost quite a bit.
- How credit affects auto insurance rates – Your credit score is a huge factor in determining what you pay for auto insurance. Drivers with good credit tend to file fewer claims and have better driving records than those with lower ratings. If your credit score is low, you could potentially save money when insuring your Mazda 5 by spending a little time repairing your credit.
- Adjust deductibles and save – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Mazda. A few examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. Your deductibles are how much you are willing to pay before a claim is paid by your company. The higher the amount you have to pay, the less your company will charge you for insurance on 5 coverage.
- Extra add-on coverages are wasting money – There are a lot of extra coverages you can purchase when buying auto insurance. Coverages like vanishing deductibles, better glass coverage and additional equipment coverage are examples of these. These may sound like a good investment when you first buy your policy, but now you might not need them so get rid of them and save.
- Safer cars cost less to insure – Cars with high safety ratings can get you lower premiums. These vehicles protect occupants better and any reduction in injury severity translates into savings for insurance companies and thus lower rates. If your Mazda 5 has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
- Never allow your policy to lapse – Allowing your coverage to lapse will be a guaranteed way to increase your auto insurance rates. And not only will your rates increase, getting caught without coverage will get you a license revocation or jail time.Then you may be required to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
- Rural vs Urban Areas – Choosing to live in less populated areas has it’s advantages when insuring your vehicles. Drivers who live in large cities have congested traffic and longer commutes to work. Less people living in that area translates into fewer accidents and a lower car theft rate.
What about using a local agent?
A small number of people just want to sit down with an agent and there is nothing wrong with that. Agents can point out coverage gaps and help file insurance claims. One of the great benefits of getting online price quotes is you may find lower rates but also keep your business local.
By using this quick form, the quote information is emailed to agents in your area who will compete for your insurance coverage. There is no need to even leave your home since price quotes are sent immediately to your email address. How cool is that?!
Selecting a company requires more thought than just a cheap price. Agents should be asked these questions:
- Is the agency involved in supporting local community causes?
- Which members of your family are coverage by the policy?
- How are they compensated?
- Are they full-time agents?
- Does the agent have professional designations like CIC, CPCU or AIC?
Not all insurance agents are the same
When searching for an insurance agent, there are a couple of types of agencies that differ in how they can insure your vehicles. Agents are either independent or captive. Either one can properly insure your vehicles, but it’s worth mentioning the difference between them since it may influence buying decisions.
Captive Insurance Agents
Captive insurance agents write business for a single company like State Farm, AAA and Liberty Mutual. They usually cannot give you multiple price quotes so keep that in mind. They receive extensive training in insurance sales which helps them sell insurance even at higher premiums. Consumers sometimes choose to use a captive agent mainly due to loyalty to the company and the convenience of having all coverages with one company.
Independent Agents
Independent insurance agents are not employed by any specific company so they can insure your vehicles with multiple insurance companies and possibly get better coverage at lower prices. To move your coverage to a new company, the agent simply finds a different carrier and that require little work on your part.
When shopping rates, you should always include multiple independent agents for maximum quote selection. They often place coverage with smaller companies who may have lower rates.
For a complete listing of auto insurance agents, click here.
Upon getting satisfactory answers to your questions in addition to an acceptable price estimate, you have narrowed it down to a car insurance agent that will insure your vehicles.
What is the best insurance coverage?
When buying the best auto insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different.
For example, these questions may help highlight if you may require specific advice.
- Will my rates increase for filing one claim?
- Am I covered when driving in Canada or Mexico?
- Should I buy only the required minimum liability coverage?
- Why does it cost so much to insure a teen driver?
- I have good health insurance, so how much medical payments coverage do I need?
- Does medical payments coverage apply to all occupants?
- How high should my medical payments coverage be?
- Does my liability insurance cover pulling a trailer or camper?
- When should I not file a claim?
If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and can provide invaluable advice.
Are you falling for claims of savings?
Consumers get pounded daily by advertisements for the lowest price auto insurance by Progressive, GEICO, Allstate and State Farm. They all make the same claim about savings after switching to their company.
How can each company make the same claim?
All companies have a preferred profile for the driver they prefer to insure. An example of a driver they prefer might be between 25 and 40, insures multiple vehicles, and has great credit. Any new insured who meets those qualifications gets the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.
Consumers who don’t qualify for these standards must pay more money and ends up with the customer not buying. The ads say “customers who switch” but not “drivers who get quotes” save money. That is how insurance companies can claim big savings. This illustrates why drivers must get quotes from several different companies. It’s impossible to know which company will have the lowest rates.
Final thoughts
Low-cost Mazda 5 insurance is possible on the web and with local insurance agents, so you should be comparing quotes from both to have the best rate selection. Some companies do not offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.
We covered many ways to lower your Mazda 5 insurance rates. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding lower rates. Drivers may discover the lowest priced auto insurance comes from a lesser-known regional company.
Drivers leave their current company for many reasons like high rates after DUI convictions, delays in responding to claim requests, poor customer service or being labeled a high risk driver. No matter why you want to switch, finding a great new company is not as hard as you think.
