View 2014 Mazda Mazda5 Insurance Rates

Trying to find lower insurance coverage rates for your Mazda Mazda5? Perplexed by the crazy number of insurance coverage company choices? Lot’s of other consumers are too. Drivers have so many options that it can quickly become a real hassle to find the lowest price.

Pieces of the Mazda Mazda5 insurance rate puzzle

Smart consumers have a good feel for the rating factors that go into determining insurance rates. Having a good understanding of what impacts premium levels enables informed choices that could result in better insurance rates.

  • Increase deductibles and save – The deductibles define the amount you are required to spend before a claim is paid by your company. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims could be running into the backend of another car, damage caused by hail, and burglary. The higher the amount you’re willing to pay, the bigger discount you will receive on Mazda5 insurance.
  • Do you qualify for a multi-policy discount? – Most insurance companies will give a discount to people who have multiple policies with them. It’s known as a multi-policy discount. This can amount to 10 percent or more. Even if you’re getting this discount it’s still a good idea to comparison shop to confirm you are receiving the best rates possible.
  • More people means more accidents – Living in a small town has it’s advantages when buying insurance. Urban drivers have congested traffic and longer commutes to work. Less people living in that area means a lower chance of having an accident.
  • Allowing your policy to lapse raises rates – Allowing your coverage to lapse will be a sure-fire way to increase your insurance rates. And not only will insurance be more expensive, failure to provide proof of insurance can result in a steep fine or even jail time.Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.

Lots of discounts mean lots of savings

Companies don’t always advertise all available discounts very clearly, so here is a list both the well known as well as the least known ways to save on auto insurance.

  • Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off on Mazda5 insurance with a few auto insurance companies.
  • Military Rewards – Having a deployed family member could mean lower rates.
  • Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Discount for Swiching Early – A few companies offer discounts for signing up prior to your current policy expiration. The savings is around 10%.
  • Driver Safety – Successfully completing a defensive driving course could cut 5% off your bill if your company offers it.
  • Save with a New Car – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
  • Multi-policy Discount – When you have multiple policies with one insurance company you may earn at least 10% off all policies.
  • Pay Now and Pay Less – If you pay your bill all at once instead of paying each month you could save 5% or more.

Consumers should know that many deductions do not apply the the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. So even though it sounds like you could get a free auto insurance policy, you won’t be that lucky.

Car insurance companies that possibly offer these money-saving discounts include:

Check with each company what discounts are available to you. Some discounts might not be offered in your state.

Situations that might require an agent

When choosing proper insurance coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

For instance, these questions can aid in determining if your situation may require specific advice.

  • Should I have a commercial auto policy?
  • Is business equipment covered while in my vehicle?
  • What is the rate difference between pleasure use and commuting?
  • Am I insured when driving a different vehicle?
  • Where can I find high-risk insurance?
  • Is a new car covered when I drive it off the dealer lot?
  • Who is covered when they drive my 2014 Mazda Mazda5?
  • Why is insurance for a teen driver so high?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Car insurance 101

Having a good grasp of your policy can help you determine appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and coverage can change by endorsement.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like surgery, chiropractic care and doctor visits. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a deer, falling objects and a broken windshield. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for liability – Liability coverage protects you from injuries or damage you cause to other people or property in an accident. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability can pay for claims such as structural damage, court costs, legal defense fees, pain and suffering and bail bonds. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Uninsured and underinsured coverage – This gives you protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your 2014 Mazda Mazda5.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision coverages – This coverage pays for damage to your Mazda5 resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like driving through your garage door, hitting a parking meter, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Summing up your insurance search

When buying insurance coverage, do not buy poor coverage just to save money. There are many occasions where an insured dropped liability coverage limits only to regret that the few dollars in savings costed them thousands. Your focus should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.

Cost effective 2014 Mazda Mazda5 insurance is available from both online companies and also from your neighborhood agents, so compare prices from both to get a complete price analysis. There are still a few companies who may not provide online price quotes and these small, regional companies work with independent agents.

Insureds who switch companies do it for many reasons like high prices, delays in responding to claim requests, lack of trust in their agent or even poor customer service. It doesn’t matter what your reason, choosing a new insurance company can be easy and end up saving you some money.

More detailed insurance information can be read at these sites: