Lower Your 2016 Mazda Mazda2 Insurance Cost

Drivers have options when trying to find the lowest priced Mazda Mazda2 insurance. You can either waste hours driving around to compare prices or leverage the internet to compare rates.

There are more efficient ways to shop for car insurance and you need to know the absolute fastest way to get price quotes on a Mazda and get the cheapest rates from both online companies and local agents.

If you have a current car insurance policy or are shopping for new coverage, you will benefit by learning to cut your premiums while maintaining coverages. The purpose of this article is to instruct you on the most effective way to quote insurance and some tips to save money. Consumers just need to learn the most efficient way to get comparison rates online.

Quick Insurance Coverage Quotes

Finding lower insurance coverage rates is not rocket science. You just need to take a couple of minutes comparing price quotes from different insurance companies. It is quite easy and can be accomplished in several different ways.

Probably the best way to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This type of form saves time by eliminating separate forms for each company. One simple form compares rates from multiple low-cost companies. Just one form and you’re done.

A more difficult way to analyze rates consists of visiting the website for every company you want to comare to request a price quote. For sake of this example, let’s say you want rates from State Farm, Esurance and Allstate. To find out each rate you need to visit each site to input your insurance 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.

However you get your quotes, make sure you use apples-to-apples coverages and limits for every company. If the quotes have different liability limits it will be next to impossible to find the best deal for your Mazda Mazda2.

Pay less by taking advantage of discounts

Car insurance can cost a lot, but there are discounts available that you may not even be aware of. Certain discounts will be applied at the time of purchase, but a few must be requested specifically in order for you to get them. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • College Student – Any of your kids who are attending college and don’t have a car can receive lower rates.
  • Accident Free – Good drivers with no accidents pay much less when compared with drivers who are more careless.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you can actually save on your bill.
  • Discount for Swiching Early – Some companies give discounts for switching to them prior to your current policy expiration. The savings is around 10%.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can receive discounts of up to 25% or more.

It’s important to understand that most credits do not apply the the whole policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like having all the discounts means you get insurance for free, companies don’t profit that way. Any qualifying discounts will help reduce the amount you have to pay.

For a list of companies who offer insurance coverage discounts, click here to view.

Your coverage should be tailored to you

When buying the right insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s situation is unique.

These are some specific questions may help highlight whether your personal situation will benefit from professional help.

  • When would I need rental car insurance?
  • How can I force my company to pay a claim?
  • When does my teenage driver need to be added to my policy?
  • Is my 2016 Mazda Mazda2 covered for smoke damage?
  • How many claims can I have before being cancelled?
  • Am I covered if I break a side mirror?
  • Why am I required to buy high-risk coverage?
  • When can I cancel my policy?
  • Is my custom paint covered by insurance?
  • How much can I save by bundling my policies?

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. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can help protect your family.

Elements that influence Mazda Mazda2 insurance rates

Smart consumers have a good feel for some of the elements that help determine insurance rates. Understanding what impacts premium levels allows you to make educated decisions that may reward you with lower insurance prices.

The following are a few of the “ingredients” companies use to determine rates.

  • Older drivers save more – Older drivers are more cautious drivers, file fewer claims and get fewer tickets. Teenage drivers are known to be careless and easily distracted behind the wheel therefore insurance rates are much higher.
  • Poor driving leads to higher costs – A bad driving record has a big impact on rates. Even one speeding ticket can increase rates by as much as thirty percent. Good drivers have lower premiums than people who have multiple driving citations. If you have severe violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to drive a vehicle legally.
  • Your spouse saves you money – Having a spouse helps lower the price on your policy. It usually means you are more mature than a single person and statistics show married couples file fewer claims.
  • Safer cars cost less to insure – Vehicles with high crash test scores are cheaper to insure. These vehicles protect occupants better and fewer injuries translates into savings for insurance companies passed on to you as lower rates. If your Mazda has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • How credit affects insurance rates – Credit history is a large factor in calculating your insurance rates. So if your credit rating is not that good, you could potentially save money when insuring your 2016 Mazda Mazda2 by repairing your credit. Consumers who have excellent credit tend to be less risk to insure than drivers with lower credit scores.

Insurance coverage myths debunked

Consumers constantly see and hear ads for the lowest price auto insurance by companies like Allstate, GEICO and Progressive. They all make the same claim about savings if you move to them.

How does each company claim to save you money? It’s all in the numbers.

Insurance companies can use profiling for the driver they prefer to insure. An example of a driver they prefer might be profiled as between 25 and 40, is a homeowner, and chooses high deductibles. A driver that hits that “sweet spot” will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential insureds who do not match the “perfect” profile will have to pay higher rates which usually ends up with business not being written. Company advertisements say “customers that switch” not “everyone that quotes” save money. That’s why companies can truthfully claim big savings.

Because of the profiling, it is so important to get a wide range of price quotes. Because you never know which company will give you the biggest savings on Mazda Mazda2 insurance.

Insurance policy specifics

Understanding the coverages of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for X-ray expenses, funeral costs, nursing services, doctor visits and pain medications. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance – This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, fire damage and hitting a deer. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for liability – This protects you from injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims such as funeral expenses, repair bills for other people’s vehicles, attorney fees, loss of income and structural damage. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Collision coverage – Collision insurance covers damage to your Mazda2 from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with another moving vehicle, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Money doesn’t grow on trees

Drivers who switch companies do it for a variety of reasons including unfair underwriting practices, extreme rates for teen drivers, delays in paying claims or being labeled a high risk driver. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.

You just learned many ideas to compare 2016 Mazda Mazda2 insurance prices online. It’s most important to understand that the more companies you get rates for, the higher your chance of finding lower rates. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.

When buying insurance coverage, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where someone sacrificed comprehensive coverage or liability limits only to find out that it was a big error on their part. Your aim should be to get the best coverage possible at the best price while still protecting your assets.

More detailed insurance coverage information is available at these sites: