How Much Does 2002 Mazda Protege5 Insurance Cost?

Drivers have a choice when trying to find the best price on Mazda Protege5 insurance. You can either spend your time contacting agents to compare prices or use the internet to make rate comparisons. There are more efficient ways to find insurance coverage online and you need to know the quickest way to quote coverages for a new or used Mazda and find the lowest possible price from both online companies and local agents.

You need to check insurance coverage prices yearly since rates are rarely the same from one policy term to another. Even if you think you had the best price on Protege5 insurance a few years ago you can probably find a lower rate today. Starting right now, block out anything you think you know about insurance coverage because I’m going to teach you the quickest way to reduce your cost while increasing coverage.

If you have a current insurance coverage policy or are shopping for new coverage, you can learn to shop for the lowest rates while maximizing coverage. This information will familiarize you with how to effectively get price quotes and some money-saving tips. Drivers just need to learn the proper way to compare price quotes online.

Which Car Insurance is Cheapest?

There are several ways you can shop for Mazda Protege5 car insurance but some are less labor-intensive and much quicker. You can waste hours talking to local insurance agents in your area, or you can utilize the internet to maximize your effort.

Most of the larger companies enroll in a system that allows shoppers to enter their coverage request one time, and each company can give them a price based on that information. This saves time by eliminating repetitive form submissions for each company you want a rate for.

To find out how much you’re overpaying now click to open in new window.

The only downside to getting quotes like this is buyers cannot specifically choose which insurance companies you want pricing from. If you prefer to choose from a list of companies to request quotes from, we put together a list of low cost car insurance companies in your area. Click here to view list.

However you get your quotes, make absolute certain that you use the exact same information for each price quote. If you compare differing limits it’s not possible to determine the best price for your Mazda Protege5.

Is there deception in advertising?

Consumers constantly see and hear ads for the lowest price auto insurance by Progressive, Geico, Allstate and State Farm. All the ads make the same claim that you can save if you move to their company.

How do they all make almost identical claims?

Insurance companies have a preferred profile for the type of customer that is profitable for them. A good example of a driver they prefer could possibly be between the ages of 40 and 55, is a homeowner, and has a high credit rating. A customer getting a price quote who fits that profile is entitled to the best price and most likely will save when switching.

Potential customers who don’t measure up to the “perfect” profile will be quoted higher prices which usually ends up with the customer not buying. The ads state “customers that switch” not “everyone that quotes” save money. This is how companies can truthfully make the claims of big savings. This emphasizes why you should get quotes from several different companies. Because you never know which company will give you the biggest savings on Mazda Protege5 insurance.

Factors that can influence insurance rates for a Mazda Protege5

An important part of buying insurance is that you know some of the elements that play a part in calculating the rates you pay for insurance. Understanding what impacts premium levels allows you to make educated decisions that will entitle you to much lower annual insurance costs.

Shown below are some of the items companies use to determine prices.

  • Extra coverages can waste money – There are a ton of extra coverages that can waste your money on your insurance policy. Insurance for rental car reimbursement, accident forgiveness and motor club memberships are some examples. They may seem like a good idea initially, but if you don’t need them eliminate the coverages to reduce your premium.
  • Adjust deductibles and save – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Mazda from damage. A few examples of covered claims are a windshield shattered by a rock, collision with an animal, and windstorm damage. Deductibles for physical damage are the amount of money you are willing to pay out-of-pocket before your insurance pays a claim. The more money you have to pay, the bigger discount you will receive on Protege5 insurance.
  • How your age affects price – Teen drivers have a tendency to be more careless when behind the wheel so insurance rates are higher. Older insureds are viewed as being more responsible, tend to file fewer claims and get fewer tickets.
  • Theft deterrents lower rates – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your insurance. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your vehicle from being stolen.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles protect occupants better and lower injury rates means lower claim amounts and thus lower rates. If your Mazda scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Liability coverage is peace of mind – Liability insurance is the coverage that protects you when a jury decides you are liable for personal injury or accident damage. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.

Lower rates by qualifying for discounts

Auto insurance companies do not advertise all their discounts in an easy-to-find place, so we researched some of the more common and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • New Car Discount – Insuring a new car can cost up to 25% less due to better safety requirements for new cars.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class in high school.
  • Own a Home – Simply owning a home may trigger a insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
  • Multi-car Discount – Having more than one vehicle with the same company may reduce the rate for each vehicle.
  • Passive Restraints – Vehicles with factory air bags can get savings of 20% or more.
  • Life Insurance Discount – Larger companies have a break if you buy life insurance from them.
  • Service Members Pay Less – Being deployed with a military unit can result in better rates.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like you can get free auto insurance, it just doesn’t work that way.

To see a list of insurance companies offering insurance discounts, follow this link.

Car insurance is unique, just like you

When buying coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s needs are different.

These are some specific questions can aid in determining if you would benefit from professional advice.

  • What vehicles should carry emergency assistance coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • I have a DUI can I still get coverage?
  • Is my dog or cat covered if injured in an accident?
  • Does medical payments coverage apply to all occupants?
  • Where can I find high-risk insurance?
  • Am I covered when driving a rental car?
  • Is business equipment covered while in my vehicle?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and can provide invaluable advice.

Insurance coverages 101

Having a good grasp of your policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hitting a deer, fire damage, falling objects and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage

Collision coverage covers damage to your Protege5 caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with a tree, damaging your car on a curb, rolling your car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Auto liability

Liability coverage protects you from damages or injuries you inflict on a person or their property. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as pain and suffering, loss of income, funeral expenses and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for expenses such as hospital visits, funeral costs, prosthetic devices and pain medications. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

In conclusion

Budget-conscious 2002 Mazda Protege5 insurance can be purchased online and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who may not provide the ability to get a quote online and these smaller companies work with independent agents.

People switch companies for a number of reasons such as being labeled a high risk driver, an unsatisfactory settlement offer, denial of a claim or policy cancellation. Whatever your reason, switching auto insurance companies is pretty easy and you might even save some money in the process.

In this article, we covered many ideas to compare insurance prices online. The key concept to understand is the more you quote, the better your comparison will be. You may even find the best prices are with a lesser-known regional company.

Helpful learning opportunities