Save on 2014 Mazda 5 Car Insurance Quotes

Are you tired of trying to scrape together enough money to buy insurance? You are no different than many other consumers. Since consumers have many companies to choose from, it can be hard to locate the lowest cost insurance company.

Finding affordable coverage is easy if you know what you’re doing. If you have insurance now or need new coverage, you can use these tips to cut your premiums and possibly find even better coverage. Drivers just need to learn the proper way to compare price quotes online.

How to buy insurance coverage

Shopping for lower insurance coverage rates can take hours if you don’t utilize the most efficient way to do it. You can waste a few hours (or days) discussing policy coverages with agents in your area, or you could use the web for quick rates.

The majority of car insurance companies belong to an insurance system where prospective buyers complete one form, and each company then gives them pricing based on that information. This saves time by eliminating quotation requests to every company. To fill out one form to compare multiple rates now click here (opens in new window).

The single downside to pricing coverage this way is you don’t know exactly which carriers to get pricing from. If you would rather choose individual companies to compare rates, we have a listing of low cost insurance coverage companies in your area. Click here to view list.

Whichever way you use, ensure you’re using identical coverage information on every quote. If you are comparing different liability limits it’s impossible to determine the best price for your Mazda 5.

Car insurance quotes and discounts

Companies offering auto insurance don’t list every disount available very well, so the following is a list of both well-publicized and also the more inconspicuous credits available to you.

  • Multiple Cars – Buying coverage for primary and secondary vehicles with one company can get a discount for every vehicle.
  • First Accident Forgiveness – This isn’t a discount exactly, but some insurance companies will allow you to have one accident before raising your premiums if you have no claims for a set time period.
  • Active Military Service – Having an actively deployed family member can result in better premium rates.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle up before driving may be able to save a few bucks on the medical payments or PIP coverage costs.
  • Discounts for Safe Drivers – Accident-free drivers can pay as much as 50% less on 5 coverage compared to accident prone drivers.

A quick disclaimer, most of the big mark downs will not be given to the overall cost of the policy. Most only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like you would end up receiving a 100% discount, you aren’t that lucky.

To find insurers with discount car insurance rates, click here to view.

Situations that may require an agent’s advice

When it comes to choosing coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions can aid in determining if your situation might need an agent’s assistance.

  • When can I cancel my policy?
  • Should I have a commercial auto policy?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Do I need roadside assistance coverage?
  • What happens if I owe more than my 2014 Mazda 5 is worth?
  • Do I need PIP coverage since I have good health insurance?
  • How much can I save by bundling my policies?
  • Do I have coverage when making deliveries for my home business?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

How to lower your insurance prices

Lots of factors are considered when you get a price on insurance. Most are fairly basic like your driving record, although others are not as apparent like your vehicle usage or your commute time.

Shown below are some of the most common factors that factor into your rate level.

  • Decrease premiums by maintaining coverage – Allowing your auto insurance policy to lapse can be a sure-fire way to increase your auto insurance rates. And not only will your rates increase, the inability to provide proof of insurance might get you a revoked license or a big fine. You will then be forced to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • More policies can equal more savings – Many auto insurance companies will give better rates to policyholders who carry more than one policy in the form of a multi-policy discount. Even if you already get this discount, you may still want to comparison shop to help ensure you have the lowest rates.
  • High credit rating translates to low premiums – Having a bad credit rating will be a significant factor in determining premium rates. Insureds that have excellent credit tend to be more responsible than drivers with lower credit ratings. Therefore, if your credit rating is low, you may save money insuring your 2014 Mazda 5 by repairing your credit.
  • Drive a safer car and pay less – Safer cars are cheaper to insure. The safest vehicles result in less severe injuries and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders.
  • Are you male or female? – Over the last 30 years, statistics show women tend to be less risk to insure than men. It does not mean men are worse drivers. Both sexes tend to get into accidents at about the same rate, but the male of the species tend to have more serious accidents. Not only that, but men also get higher numbers of serious violations like DWI (DUI) or reckless driving.
  • Raising comp and collision deductibles lowers premiums – Physical damage deductibles state the amount of money the insured will be required to pay if a covered claim is submitted. Protection for physical damage, aka comp and collision, insures against damage to your car. A few examples of covered claims are a windshield broken by a bird, collision with a deer, or theft of your vehicle. The more damage repair cost you have to pay, the less money you will pay for auto insurance on 5 coverage.
  • Is you occupation costing you more? – Jobs such as military generalsairline pilots and financial analysts have higher average rates attributed to high stress levels and lengthy work days. On the other hand, occupations like professors, athletes and retirees have the lowest average rates on 5 coverage.

Insurance coverage options for a Mazda 5

Learning about specific coverages of your policy can help you determine the right coverages for your vehicles. Insurance terms can be confusing and coverage can change by endorsement. Listed below are the usual coverages available from insurance companies.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance will pay to fix 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 a tree branch falling on your vehicle, theft, damage from getting keyed and rock chips in glass. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Mazda 5.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Insurance for medical payments – Coverage for medical payments and/or PIP kick in for expenses for doctor visits, ambulance fees, chiropractic care and pain medications. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as rolling your car, crashing into a ditch, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Liability coverages – Liability insurance will cover damages or injuries you inflict on other people or property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for claims like attorney fees, medical services, repair costs for stationary objects and loss of income. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.

Don’t be a big spender

Some insurance providers may not provide rates over the internet and many times these smaller providers only sell through independent agents. Cheaper car insurance can be sourced both online and with local insurance agents, and you should be comparing both so you have a total pricing picture.

We covered a lot of information how to lower your 2014 Mazda 5 insurance prices. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding low cost auto insurance. You may even find the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or Geico.

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