Lower Your 2003 Mazda MPV Insurance Rates

Trying to find better insurance rates for your Mazda MPV? Having to pay for overpriced insurance can take a big chunk out of your personal savings and put a big crunch on your finances. Shopping your coverage around is a smart way to tighten up your finances. Insurance companies such as Allstate, Progressive and Geico all claim big savings, bombarding you with TV and radio ads and consumers find it hard to see through the cute green geckos and mayhem and take the time to shop coverage around.

It is always a good idea to take a look at other company’s rates occasionally because insurance rates are adjusted regularly by insurance companies. Just because you had the best rates for MPV insurance a couple years back you may be paying too much now. Block out anything you think you know about insurance because you’re about to find out the fastest and easiest way to properly buy coverages while reducing your premium.

If you are insured now or are shopping for new coverage, you will benefit by learning to cut your premiums and still get good coverage. Choosing the best insurance company for you is not that difficult. Drivers only need to know the tricks to shop their coverage around on the web.

The most recommended method to get policy rate comparisons is to know the trick most of the larger companies participate in a system to give rate comparisons. To begin a comparison, all you need to do is provide details such as which vehicles you own, your occupation, if you went to college, and driver ages. The rating information is instantly submitted to many of the top insurers and you receive quotes very quickly.

You probably qualify for some discounts

Insurance can cost an arm and a leg, but you can get discounts to help offset the cost. Certain discounts will be triggered automatically when you purchase, but some must be manually applied before you will receive the discount. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.

Distant Student – Youth drivers who are attending college and do not have access to a covered vehicle may be able to be covered for less.
Multiple Cars – Buying coverage for all your vehicles on one policy could earn a price break for each car.
Discount for Life Insurance – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
Homeowners Discount – Owning a home may trigger a insurance coverage policy discount because of the fact that having a home requires personal responsibility.
55 and Retired – Mature drivers may receive a discount up to 10% for MPV insurance.
Service Members Pay Less – Being deployed with a military unit can result in better rates.
Seat Belt Usage – Requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
One Accident Forgiven – Some insurance companies will forgive one accident without raising rates if you are claim-free prior to the accident.

It’s important to understand that most discount credits are not given to all coverage premiums. Most only cut the price of certain insurance coverages like collision or personal injury protection. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will cut the cost of coverage.

For a list of companies offering insurance coverage discounts, follow this link.

There’s no such thing as the perfect policy

When buying proper insurance coverage, there is no best way to insure your cars. Every insured’s situation is different so your insurance should reflect that For instance, these questions might point out if your situation would benefit from professional advice.

Will filing a claim cost me more?
Should I buy only the required minimum liability coverage?
Do I benefit by insuring my home with the same company?
Am I covered when pulling a rental trailer?
Am I missing any policy discounts?
Why am I required to buy liability insurance?
Exactly who is provided coverage by my policy?
Why am I required to buy high-risk coverage?
How do I insure my teen driver?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Educate yourself about auto insurance coverages

Understanding the coverages of your auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the normal coverages available from auto insurance companies.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for immediate expenses like rehabilitation expenses, nursing services, doctor visits, pain medications and hospital visits. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Auto collision coverage

This coverage pays for damage to your MPV from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a parking meter, crashing into a building, rolling your car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from flooding, a broken windshield and hail damage. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these coverages are identical to your policy’s liability coverage.

Liability car insurance

Liability coverage provides protection from injuries or damage you cause to a person or their property. This coverage protects you from legal claims by others, 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. You commonly see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as medical services, legal defense fees, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.