How Much Does 1995 Mazda MX-3 Car Insurance Cost?

Searching for cheaper insurance rates for your Mazda MX-3? Insurance shopping is not a chore people enjoy doing, but it’s required in every state when you drive.

It’s smart to compare rates quite often because rates are adjusted regularly by insurance companies. Just because you had the best price on MX-3 coverage last year the chances are good that you can find a lower rate today. Starting now, forget all the misinformation about insurance because I’m going to teach you one of the quickest ways to find better rates and still maintain coverage.

If you currently have a car insurance policy, you will most likely be able to save some money using this strategy. The purpose of this post is to tell you how car insurance quotes work and some money-saving tips. But car owners should learn the methods companies use to market insurance on the web because it can help you find the best coverage.

Insurance Prices Online

There are several ways to compare Mazda MX-3 insurance quotes, but some are easier and takes less work. You could spend the better part of a day talking to insurance agencies in your area, or you can stay home and use the internet to maximize your effort.

Most of the larger companies are enrolled in a marketplace where prospective buyers send in one quote, and every company then returns a price quote. This eliminates the need for form submissions to each individual insurance company.

To participate in this free quote system, click here (opens in new window).

The only downside to using this type of form is you don’t know exactly which insurance companies you want pricing from. So if you prefer to pick individual companies to compare prices, we have assembled a list of insurance companies in your area. Click here to view list.

Whichever way you use, compare exactly the same coverage information with every price quote. If you compare unequal deductibles or liability limits it’s not possible to truly determine the lowest rate. Slightly different insurance coverages may result in a large different in cost. And when quoting insurance, remember that getting more free quotes gives you a better chance of getting the best price.

Can you really save that much by switching?

State Farm, Allstate and GEICO consistently run ads on TV and radio. All the companies make an identical promise that you’ll save big if you change to them. How do they all say the same thing?

Insurance companies have a certain “appetite” for the type of driver that is profitable for them. A good example of a driver they prefer could be over the age of 50, owns a home, and has excellent credit. A propective insured who meets those qualifications will qualify for the lowest rates and as a result will probably save quite a bit of money when switching.

Consumers who don’t qualify for the “perfect” profile will be quoted higher rates and ends up with the driver buying from a lower-cost company. The ad wording is “customers that switch” not “everyone that quotes” save that much money. That is how insurance companies can make those claims. This emphasizes why drivers should quote coverage with many companies. It’s just too difficult to predict which car insurance company will give you the biggest savings on Mazda MX-3 insurance.

Mazda MX-3 insurance rates have many determining factors

An important part of buying insurance is that you know the different types of things that come into play when calculating the price you pay for car insurance. Understanding what influences your rates empowers consumers to make smart changes that will entitle you to better car insurance rates.

The list below includes some of the items used by your company to calculate prices.

  • Pay less if you’re married – Having a spouse helps lower the price on car insurance. Having a significant other translates into being more mature than a single person and it’s proven that married couples file fewer claims.
  • Allowing your policy to lapse raises rates – Not having insurance is a misdemeanor and your next policy will cost more because you let your coverage have a gap. Not only will you pay more, but being ticketed for driving with no insurance might get you a revoked license or a big fine.You may have to prove you have insurance by filing a SR-22 with your state DMV.
  • Mature drivers pay less – Teenage drivers are known to be careless and easily distracted when behind the wheel so they pay higher car insurance rates. Older insureds are more cautious drivers, tend to cause fewer accidents and receive fewer citations.
  • Save money with special equipment – Owning a car that has an advanced theft prevention system can get you a discount on your car insurance. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent auto theft.
  • Policy add-ons can waste money – There are many extra coverages you can purchase on your MX-3 policy. Insurance for rental car reimbursement, better glass coverage and additional equipment coverage are examples of these. These may sound like a good investment when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • How’s your driving record? – Your driving record has a lot to do with how much you pay for insurance. Even a single citation can boost insurance rates twenty percent or more. Careful drivers have lower premiums compared to drivers with tickets. Drivers who get flagrant violations like reckless driving, hit and run or driving under the influence may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
  • Rural vs Urban Areas – Residing in less populated areas can save you money when talking about car insurance. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft. City drivers have traffic congestion and longer commutes to work. More time commuting translates into higher accident risk.
  • Liability coverage protects you – Liability insurance is the protection when you are found liable for personal injury or accident damage. Liability provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so do not cut corners here.

Discounts on Mazda MX-3 insurance

Auto insurance companies don’t always publicize every available discount in an easy-to-find place, so the following is a list of both well-publicized as well as the least known insurance savings.

  • Federal Employees – Active or retired federal employment may qualify you for a discount on MX-3 coverage with a few insurance companies.
  • No Accidents – Drivers who don’t have accidents can save substantially when compared with accident-prone drivers.
  • Defensive Driver – Completing a driver safety course could cut 5% off your bill if you qualify.
  • Anti-theft System – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.
  • Early Switch Discount – Select companies give a discount for switching to them before your current policy expires. It’s a savings of about 10%.
  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
  • Auto/Life Discount – Companies who offer life insurance give a break if you buy life insurance.
  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems can get savings of 20% or more.

A little note about advertised discounts, some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.

Insurance companies who might offer these benefits include:

Check with all companies you are considering what discounts are available to you. Discounts may not apply everywhere.

Tailor your coverage to you

When it comes to buying coverage, there isn’t really a perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining if you would benefit from professional advice.

  • Do I really need UM/UIM coverage?
  • Can I afford low physical damage deductibles?
  • Am I covered if I crash into my own garage door?
  • Should I buy full coverage?
  • Do I need PIP coverage since I have good health insurance?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is business property covered if stolen from my car?
  • Does my 1995 Mazda MX-3 need full coverage?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Coverages available on your policy

Knowing the specifics of insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as falling objects, a tree branch falling on your vehicle, hitting a bird and hail damage. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverage

This coverage will cover injuries or damage you cause to other’s property or people. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims such as repair costs for stationary objects, repair bills for other people’s vehicles, court costs and funeral expenses. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Medical costs insurance

Med pay and PIP coverage reimburse you for bills for funeral costs, surgery, dental work, hospital visits and prosthetic devices. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all 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

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 1995 Mazda MX-3.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Collision protection

This coverage pays for damage to your MX-3 resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like backing into a parked car, sustaining damage from a pot hole, crashing into a building, driving through your garage door and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Pennies from heaven

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. In many cases, an accident victim reduced liability coverage limits only to find out they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find at a price you can afford while still protecting your assets.

The cheapest 1995 Mazda MX-3 insurance can be found online as well as from independent agents, so you should compare both to get a complete price analysis. Some companies don’t offer online quoting and most of the time these small insurance companies sell through independent agents.

We covered a lot of tips how to lower your insurance rates. The key concept to understand is the more you quote, the higher your chance of finding lower rates. You may even find the lowest rates come from some of the lesser-known companies.

Helpful learning opportunities