2002 Mazda Protege5 Car Insurance Rates – 6 Ways to Save

Searching for lower car insurance rates for your Mazda Protege5? Feel like you’re a prisoner to overpriced car insurance? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.

Lots of insurers contend for your insurance dollar, so it can be very hard to choose a insurance company and get the definite lowest price

If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using this information. Buying car insurance is easy if you know what you’re doing. Nevertheless, consumers need to have an understanding of the way insurance companies market on the web and take advantage of how the system works.

Compare Quotes for Insurance Coverage

All major insurance coverage companies like Progressive, Allstate and GEICO allow you to get pricing directly from their websites. Getting quotes doesn’t take a lot of time as you simply type in your personal and coverage information into the quote form. Upon sending the form, the company’s rating system obtains reports for credit and driving violations and generates a price based on these factors. Online price quotes streamlines rate comparisons, but the time required to go to many different websites and enter the same data into a form is monotonous and tiresome. But it’s very important to perform this step if you are searching for a better rate.

An easier way to compare rates utilizes a single form that obtains quotes from more than one company. It’s a real time-saver, requires less work, and makes online shopping much more enjoyable. Immediately after submitting the form, it is rated with multiple companies and you can pick your choice of the quotes returned. If the quotes result in lower rates, you simply finish the application and buy the policy. The entire process can be completed in less than 10 minutes and may save quite a bit of money.

If you want to compare rates now, click here to open in a new tab and enter your vehicle and coverage information. If you have coverage now, it’s recommended you copy the coverage information exactly as shown on your declarations page. This ensures you are getting a price comparison for the exact same coverage.

Save on 2002 Mazda Protege5 insurance

Auto insurance companies don’t always advertise every available discount very clearly, so the following is a list of both well-publicized and the more hidden ways to save on insurance.

  • Drive Safe and Save – Insureds without accidents may receive a discount up to 45% less for Protege5 insurance than drivers with accidents.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy qualifies for this discount.
  • Auto/Life Discount – Some companies give a break if you buy auto and life insurance together.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts can save up to 15% off your PIP or medical payments premium.
  • Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
  • Lower Rates for Military – Being on active duty in the military can result in better rates.

Drivers should understand that most discount credits are not given to the entire policy premium. Some only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way.

For a list of providers with discount insurance rates, click this link.

Tailor your coverage to you

When it comes to choosing coverage, there really is not a cookie cutter policy. Each situation is unique so your insurance needs to address that. For instance, these questions may help highlight whether you would benefit from an agent’s advice.

  • Do I pay less if my vehicle is kept in my garage?
  • Do I need PIP coverage since I have good health insurance?
  • Am I covered if I crash into my own garage door?
  • What discounts do I qualify for?
  • What is an SR-22 filing?
  • Does insurance cover damages from a DUI accident?
  • When would I need rental car insurance?
  • Is my Mazda Protege5 covered if I use it for business?
  • What are the best liability limits?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Don’t be fooled by advertising claims

Companies like Progressive, Allstate and GEICO continually stream television and radio advertisements. All the ads have a common claim that you’ll save big after switching to them. How does each company claim to save you money? This is how they do it.

All companies can use profiling for the driver that is profitable for them. A good example of a profitable customer could be over the age of 50, insures multiple vehicles, and has a high credit rating. A driver who matches those parameters will qualify for the lowest rates and therefore will pay quite a bit less when switching companies.

Potential insureds who don’t qualify for the “perfect” profile must pay more money which leads to business not being written. The ad wording is “drivers who switch” not “everybody who quotes” save money. That’s why companies can truthfully advertise the way they do. This illustrates why you absolutely need to get as many comparisons as possible. It is impossible to predict which company will provide you with the cheapest Mazda Protege5 insurance rates.

Information about specific coverages

Learning about specific coverages of your auto insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages found on most auto insurance policies.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hail damage, theft, damage from flooding and damage from getting keyed. The most your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – This coverage pays for damage to your Protege5 caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like crashing into a building, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Medical costs insurance – Med pay and PIP coverage pay for immediate expenses like funeral costs, X-ray expenses and hospital visits. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

UM/UIM Coverage – This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Liability coverage – Liability insurance will cover damage that occurs to a person or their property. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for things like medical services, court costs, legal defense fees, repair bills for other people’s vehicles and pain and suffering. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Save your hard earned cash

We’ve covered a lot of information how to shop for 2002 Mazda Protege5 insurance online. The most important thing to understand is the more rate comparisons you have, the better likelihood of reducing your rate. Drivers may discover the lowest priced car insurance comes from the least-expected company. Smaller companies may have significantly lower rates on certain market segments as compared to the big name companies such as Progressive or GEICO.

Affordable insurance can be purchased on the web in addition to many insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some car insurance companies do not provide online price quotes and these small, regional companies work with independent agents.

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