2007 Mazda Mazdaspeed Mazda3 Insurance Rates

I can’t think of a single person who enjoys paying for auto insurance, especially knowing the price is too high. Big-name insurance companies like Geico and Progressive increase brand awareness with catchy ads and it is difficult to sift through the bull and take the time to shop coverage around.

Consumers should take time to take a look at other company’s rates every six months due to the fact that insurance rates are usually higher with each renewal. Just because you found the lowest price for Mazdaspeed Mazda3 insurance last year the chances are good that you can find a lower rate today. Starting now, ignore everything you know about auto insurance because you’re going to learn the best methods to lower your annual insurance bill.

Mazda Mazdaspeed Mazda3 insurance rates are influenced by…

Smart consumers have a good feel for the factors that come into play when calculating insurance coverage rates. When you know what positively or negatively impacts premium levels enables informed choices that could result in lower insurance coverage prices.

The list below includes a few of the “ingredients” insurance coverage companies consider when setting premiums.

  • High credit ratings translate to low rates – Having a bad credit history is a important factor in calculating your insurance coverage rates. Therefore, if your credit history is not that good, you could pay less to insure your 2007 Mazda Mazdaspeed Mazda3 by improving your credit score. People with high credit scores tend to be more responsible than those with lower credit scores.
  • More claims means more premium – Car insurance companies provide lower rates to people who are claim-free. If you frequently file small claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Little extras can really add up – There are many extra bells and whistles you can purchase on your 2007 Mazdaspeed Mazda3 policy. Coverages for roadside assistance, better glass coverage and membership fees may be wasting your money. These may sound like a good investment at first, but your needs may have changed so eliminate them to save money.
  • Rate your vehicle for proper use – The higher the mileage driven in a year’s time the more you will pay for insurance coverage. Almost all companies apply a rate based on how the vehicle is used. Cars and trucks not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. An improperly rated Mazdaspeed Mazda3 may be wasting your money. Ask your agent if your insurance coverage declarations sheet properly reflects the correct usage for each vehicle.
  • Are you male or female? – The statistics show that men are more aggressive behind the wheel. However, this does not mean men are WORSE drivers than women. They both cause accidents in similar numbers, but men have costlier accidents. Men also get cited for more serious violations such as DWI and reckless driving. Teenage male drivers are several times more likely to be in an accident and are penalized with high insurance coverage rates.
  • Theft deterrents lower rates – Purchasing a vehicle with a theft deterrent system can save you a little every year. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping auto theft.
  • Big city or small town – Being located in a rural area can save you money when talking about insurance coverage. Lower population means reduced accidents. Drivers who live in large cities have traffic congestion and much longer commute distances. More time commuting translates into higher accident risk.
  • Tickets mean higher rates – Even a single ticket can boost insurance rates twenty percent or more. Careful drivers tend to pay less for car insurance compared to drivers with tickets. Drivers who get flagrant violations such as reckless driving, hit and run or driving under the influence may be required to file a proof of financial responsibility form (SR-22) with their state DMV in order to keep their license.

Car Insurance Comparison Rates

There are a variety of methods you can shop for 2007 Mazda Mazdaspeed Mazda3 car insurance but one way is easier and takes less work. You could waste a few hours driving to local insurance agents in your area, or you could use online quoting to maximize your effort.

Many popular insurance companies enroll in a system where insurance shoppers enter their coverage request one time, and every company returns a rated price based on that data. This prevents consumers from doing quote requests for every car insurance company. To find out how much you can save on car insurance click here to start a free quote.

The only drawback to getting quotes like this is you cannot specify which insurance companies to get pricing from. If you wish to select specific insurance companies to receive pricing from, we put together a list of low cost car insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but ensure you’re using apples-to-apples deductibles and coverage limits on every quote. If your comparisons have different limits and deductibles on each one you can’t possibly make an equal comparison.

Don’t listen to company ads

Consumers constantly see and hear ads for car insurance savings from companies such as Progressive, Allstate and Geico. All the companies make an identical promise that you can save if you switch your policy.

How do they all make almost identical claims?

All companies can use profiling for the right customer that is profitable for them. An example of a desirable insured could be over the age of 40, has no prior claims, and has great credit. A customer getting a price quote who matches those parameters is entitled to the best price and therefore will cut their rates substantially.

Potential insureds who don’t measure up to this ideal profile must pay a more expensive rate and this can result in business not being written. The ad wording is “customers who switch” but not “drivers who get quotes” save that much. That’s why companies can truthfully advertise the way they do. This illustrates why drivers should quote coverage with many companies. It’s impossible to know which insurance companies will have the lowest Mazda Mazdaspeed Mazda3 insurance rates.

You probably qualify for some discounts

Companies offering auto insurance do not list all their discounts in an easy-to-find place, so the following is a list of both well-publicized and the more hidden insurance savings. If they aren’t giving you every credit possible, you are throwing money away.

  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts of 20% or more.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Mazdaspeed Mazda3 insurance than less cautious drivers.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10% for Mazdaspeed Mazda3 insurance.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Drive Less and Save – Driving fewer miles can earn better rates on cars that stay parked.
  • Homeowners Discount – Simply owning a home can save you money because maintaining a house requires personal responsibility.

As a disclaimer on discounts, most discount credits are not given to the entire cost. Most cut the cost of specific coverages such as medical payments or collision. So even though they make it sound like you could get a free insurance policy, you’re out of luck.

Insurance companies that possibly offer some of the above discounts may include but are not limited to:

Double check with each insurance company what discounts are available to you. All car insurance discounts might not apply in your state.

There’s no such thing as the perfect policy

When it comes to buying the right insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Each situation is unique so this has to be addressed. For example, these questions may help highlight whether your personal situation might need an agent’s assistance.

  • Can I rate high risk drivers on liability-only vehicles?
  • Am I getting all the discounts available?
  • Is my ex-spouse still covered by my policy?
  • Is business equipment covered while in my vehicle?
  • Is business property covered if stolen from my car?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Am I covered if I drive in a foreign country?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Should I carry comprehensive and collision coverage?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Specifics of your auto insurance policy

Knowing the specifics of your auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on the average auto insurance policy.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for X-ray expenses, pain medications, funeral costs, EMT expenses and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like fire damage, theft, a tree branch falling on your vehicle, vandalism and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for collisions

This pays for damage to your Mazdaspeed Mazda3 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as hitting a parking meter, damaging your car on a curb and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Liability auto insurance

This coverage can cover damage that occurs to other’s property or people. This insurance protects YOU from legal claims by others. Liability doesn’t cover 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 values of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for things like bail bonds, pain and suffering, repair costs for stationary objects, funeral expenses and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

What is YOUR best insurance company?

The cheapest 2007 Mazda Mazdaspeed Mazda3 insurance can be found on the web in addition to many insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance providers do not provide you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

While you’re price shopping online, you should never skimp on coverage in order to save money. There are too many instances where drivers have reduced physical damage coverage only to discover later that it was a big mistake. The aim is to purchase plenty of coverage at a price you can afford while still protecting your assets.

For more information, take a look at the resources below: