Compare 2008 Mazda Mazda5 Insurance Rates

Want cheaper insurance coverage rates for your Mazda Mazda5? Nobody I know likes paying for insurance coverage, especially when the price is too high. There are many insurance companies to pick from, and though it is a good thing to have multiple companies, it makes it harder to get the best deal.

It is always a good idea to shop coverage around at least once a year since rates fluctuate regularly. Even if you got the best rates on Mazda5 coverage two years ago there may be better deals available now. You can find a lot of misleading information regarding insurance coverage on the internet, so I’m going to show you the easiest ways to stop overpaying for insurance.

Shopping for the lowest cost coverage can be fairly easy. If you are insured now or are just looking to switch companies, you can use these techniques to reduce the price you pay while maximizing coverage. Vehicle owners just need to learn the tricks to find the lowest price online.

Discounts on Mazda Mazda5 insurance

Insurance can be prohibitively expensive, but you can get discounts to reduce the price significantly. Certain discounts will be triggered automatically at quote time, but a few need to be specially asked for in order for you to get them. If they aren’t giving you every credit you qualify for, you are throwing money away.

  • Use Seat Belts – Requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
  • Multiple Vehicles – Buying insurance for multiple vehicles on the same auto insurance policy qualifies for this discount.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you could get a discount of 10% to 20% off each policy.
  • Payment Discounts – If you pay your bill all at once instead of making monthly payments you could save 5% or more.
  • Clubs and Organizations – Participating in a civic or occupational organization could qualify you for a break on auto insurance on Mazda5 coverage.
  • Life Insurance – Select insurance companies reward you with a break if you buy a life insurance policy as well.
  • Good Student Discount – This discount can earn a discount of 20% or more. The discount lasts until age 25.
  • Save with a New Car – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
  • Drive Less and Save – Fewer annual miles on your Mazda could be rewarded with a substantially lower rate.

Keep in mind that some of the credits will not apply to all coverage premiums. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you could get a free auto insurance policy, companies wouldn’t make money that way. Any qualifying discounts will bring down your overall premium however.

Car insurance companies that may offer these benefits may include but are not limited to:

Double check with each company which discounts you may be entitled to. Discounts might not apply in every state.

Low Cost Insurance

Reducing your 2008 Mazda Mazda5 insurance rates is a fairly straight forward process. You just need to take a couple of minutes to compare rate quotes provided by online insurance companies. This is very easy and can be done in just a few minutes using one of these methods.

  1. One of the simplest ways consumers can make multiple comparisons is an all-inclusive rate comparison click to view form in new window. This easy form prevents you from having to do multiple quote forms to each individual insurance company. Filling out one form compares rates from insurance companies with the best prices.
  2. A slightly less efficient method to obtain and compare quotes online consists of going to the website of each company to complete a price quote. For sake of this example, let’s say you want to compare USAA, Liberty Mutual and State Farm. To get each rate you have to spend time on each company’s site to enter your coverage information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

Whichever method you choose, ensure you are comparing apples-to-apples information for each comparison quote. If your comparisons have different deductibles then you won’t be able to find the best deal for your Mazda Mazda5.

Tailor your coverage to you

When buying the best auto insurance coverage, there really is no cookie cutter policy. Each situation is unique and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs could use an agent’s help.

  • I don’t drive much so do I pay less?
  • Are all vehicle passengers covered by medical payments coverage?
  • Why am I required to buy liability insurance?
  • What can I do if my company denied a claim?
  • Why is insurance for a teen driver so high?
  • Why am I required to buy high-risk coverage?
  • Can I rate high risk drivers on liability-only vehicles?
  • Is my teenager covered with friends in the car?

If you don’t know the answers to these questions then you might want to talk 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 only takes a few minutes and you can get the answers you need.

Car insurance 101

Having a good grasp of your policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types available from car insurance companies.

Comprehensive coverages – This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as damage from getting keyed, falling objects, a tree branch falling on your vehicle and damage from flooding. The most a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverages – This coverage covers damage to your Mazda5 caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like damaging your car on a curb, crashing into a ditch, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Coverage for medical payments – Med pay and PIP coverage reimburse you for bills like pain medications, X-ray expenses, ambulance fees and hospital visits. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 2008 Mazda Mazda5.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these coverages are similar to your liability insurance amounts.

Liability insurance – This protects you from damage that occurs to a person or their property that is your fault. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage pays for things like pain and suffering, loss of income, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

More choices the merrier

In this article, we covered quite a bit of information on how to save on 2008 Mazda Mazda5 insurance. The key concept to understand is the more providers you compare, the higher the chance of saving money. Consumers may even find the lowest priced auto insurance comes from an unexpected company. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like GEICO and State Farm.

Cost effective insurance can be bought from both online companies in addition to many insurance agents, so compare prices from both so you have a total pricing picture. Some insurance companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents.

Additional information