No one cherishes buying auto insurance, especially knowing their premiums are too high. Online insurance companies like Progressive, State Farm and GEICO constantly bombard you with fancy advertisements and it is difficult to ignore the promise of big savings and take the time to shop coverage around.
If you are insured now or need new coverage, you can follow these tips to find the best rates while maintaining coverages. Choosing the best insurance company for you is quite easy. Drivers only need an understanding of the tricks to shop on the web.
Don’t miss these discounts
Companies that sell car insurance don’t list every discount very well, so here is a list some of the more common and also the lesser-known auto insurance savings. If you don’t get every credit available, you are throwing money away.
- E-sign – A few companies give back up to $50 for buying your policy over the internet.
- Defensive Driver – Taking a course in driver safety could save 5% or more and easily recoup the cost of the course.
- Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
- One Accident Forgiven – Some insurance companies permit an accident without raising rates if you are claim-free prior to the accident.
- Early Switch Discount – A few companies offer discounts for signing up before your current policy expires. It’s a savings of about 10%.
- Use Seat Belts – Drivers who require all occupants to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
- Passive Restraint Discount – Cars that have air bags or motorized seat belts can receive discounts of more than 20%.
As a disclaimer on discounts, most discount credits are not given to all coverage premiums. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you won’t be that lucky.
To choose insurance companies with the best auto insurance discounts, click here.
Vehicle Insurance Comparison
There are a lot of ways to compare auto insurance prices but one way is less time-consuming than others. You could waste a few hours driving to insurance agencies in your area, or you can utilize online quoting to get rate comparisons in just a few minutes.
Most of the best insurance companies participate in an industry program that allows shoppers to complete one form, and every company can provide price quotes for coverage. This prevents consumers from doing quote requests for each company you want a rate for. To get comparison pricing now click to open in new window.
One minor caviat to comparing rates this way is you are unable to specify which companies you want to price. If you prefer to choose from a list of companies for rate comparison, we have a listing of auto insurance companies in your area. Click here to view list.
It’s your choice how you get your quotes, but ensure you are comparing exactly the same coverages with every price quote. If you enter differing limits you will not be able to make a fair comparison for your Mazda MX3.
Factors influencing Mazda MX3 insurance rates
Smart consumers have a good feel for some of the elements that play a part in calculating your auto insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that could result in lower auto insurance prices.
Shown below are a few of the “ingredients” used by your company to calculate premiums.
- Do you know your deductibles? – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your Mazda. Some examples of claims that would be covered are collision with another vehicle, damage from fire, or theft. The deductibles are how much you are willing to pay before a claim is paid by your company. The more money the insured has to pay upfront, the less your company will charge you for insurance on MX3 insurance.
- Extra add-on coverages are wasting money – There are many additional coverages that you can get tricked into buying if you aren’t careful. Coverages for rental car reimbursement, accidental death and motor club memberships may be costing you every month. They may seem good when you first buy your policy, but if you don’t need them eliminate them to save money.
- Teen drivers pay high rates – Young drivers are statistically proven to get distracted easily when behind the wheel so they pay higher auto insurance rates. Older insureds are more responsible, file fewer claims and get fewer tickets.
- Where you live – Being located in a small town has it’s advantages when insuring your vehicles. Urban drivers have to deal with congested traffic and longer commutes to work. Lower population translates into fewer accidents and a lower car theft rate.
When might I need help?
When choosing coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that can aid in determining if you may require specific advice.
- Why is insurance for a teen driver so high?
- Where can I get insurance after a DUI in my state?
- Can I rate high risk drivers on liability-only vehicles?
- What if I total my Mazda MX3 and owe more than it’s worth?
- Should I buy more coverage than the required minimum liability coverage?
- Should I buy additional glass protection?
- Do I need PIP coverage since I have good health insurance?
- What should my uninsured motorist coverage limits be in my state?
- How many claims can I have before being cancelled?
- What is covered by UM/UIM coverage?
If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.
Smart shoppers get results
You just learned many ways to compare Mazda MX3 insurance prices online. It’s most important to understand that the more rate comparisons you have, the better likelihood of reducing your rate. You may even find the lowest premiums are with a smaller regional carrier. Smaller companies may only write in your state and offer lower rates than their larger competitors like State Farm and Allstate.
As you go through the steps to switch your coverage, you should never reduce coverage to reduce premium. Too many times, someone dropped liability limits or collision coverage and learned later that the small savings ended up costing them much more. Your aim should be to get the best coverage possible for the lowest price while not skimping on critical coverages.
