Save on 2016 Mazda CX-5 Insurance Rates

If you’ve never shopped for auto insurance online, it’s easy to get overwhelmed because of the huge number of online companies offering insurance.

Consumers need to check auto insurance prices occasionally since rates are adjusted regularly by insurance companies. Even if you got the lowest rates on CX-5 insurance last year you will most likely find a better rate today. Ignore everything you know about auto insurance because you’re about to find out the quickest way to buy cheaper auto insurance.

Get lower rates on Mazda CX-5 insurance

Companies offering auto insurance don’t necessarily list all available discounts in an easy-to-find place, so we researched some of the best known as well as the least known discounts you could be receiving.

  • Federal Employees – Simply working for the federal government can earn a discount up to 10% on CX-5 insurance depending on your company.
  • Resident Student – Kids in college who live away from home without a vehicle on campus may be able to be covered for less.
  • Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more on CX-5 insurance than drivers with accidents.
  • Military Discounts – Being on active duty in the military may qualify for rate reductions.
  • Drivers Ed for Students – Have your child enroll in driver’s education if it’s offered in school.
  • Paperless Signup – Certain companies give back up to $50 for buying a policy and signing up over the internet.
  • Anti-theft Discount – Anti-theft and alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Multiple Vehicles – Having multiple vehicles on the same car insurance policy may reduce the rate for each vehicle.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Most cut the cost of specific coverages such as liability and collision coverage. So when the math indicates it’s possible to get free car insurance, companies wouldn’t make money that way.

Insurance companies that possibly offer these discounts include:

Before buying, ask every prospective company what discounts are available to you. All car insurance discounts may not be available everywhere.

How to Compare Insurance Coverage Quotes

When shopping for insurance coverage there are multiple ways to compare rate quotes from insurance coverage companies in your area. The best way to find competitive 2016 Mazda CX-5 insurance rates is simply to get online rate quotes. This is very easy and can be done in several different ways.

The easiest and least time consuming way consumers can analyze rates is an all-inclusive rate comparison click here to open form in new window. This method saves time by eliminating boring form submissions for every insurance coverage company. One form will return quotes from multiple companies. This is perfect if you don’t have a lot of time.

A more difficult way to analyze rates consists of visiting each company’s website and fill out their own quote form. For sake of this example, we’ll assume you want to compare rates from State Farm, Allstate and American Family. To get each rate you have to take the time to go to each 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.

It’s your choice how you get your quotes, but make absolute certain that you use the exact same information for each comparison quote. If your comparisons have different limits and deductibles on each one it’s impossible to truly determine the lowest rate. Just a small difference in coverages may result in a large different in cost. And when quoting insurance coverage, remember that quoting more will enable you to find a lower rate.

Elements that influence Mazda CX-5 insurance rates

Smart consumers have a good feel for the factors that come into play when calculating the price you pay for auto insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that can help you get much lower annual insurance costs.

The list below includes some of the factors companies use to determine your rates.

  • Car features impact rates – Owning a car with an alarm system can get you a discount on your auto insurance. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft.
  • Older drivers save more – Young drivers tend to get distracted easily when behind the wheel so they pay higher auto insurance rates. Older insureds are more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Do you have a high stress job? – Careers like real estate brokers, executives and financial analysts tend to pay higher average rates attributed to stressful work requirements and lots of time spent at work. Conversely, occupations like actors, engineers and the unemployed have the lowest average rates on CX-5 insurance.
  • More than one policy can earn a discount – Some auto insurance companies provide better rates to insureds who have multiple policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you’re getting this discount you still need to compare other company rates to confirm you are receiving the best rates possible. Drivers may still find a better deal by insuring with multiple companies.

Tailor your coverage to you

When it comes to choosing the best car insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique.

For example, these questions can aid in determining whether your personal situation would benefit from an agent’s advice.

  • Is my Mazda CX-5 covered if I use it for business?
  • Am I covered if I hit my neighbor’s mailbox?
  • Can I afford to pay high deductible claims out of pocket?
  • Is there coverage for injuries to my pets?
  • Do I have any recourse if my insurance company denies a claim?
  • What is covered by UM/UIM coverage?
  • Am I covered if I hit a deer?
  • Is my 2016 Mazda CX-5 covered for smoke damage?
  • I have a DUI can I still get coverage?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

The insurance bait and switch

State Farm, Allstate and GEICO regularly use ads in print and on television. All the companies say the same thing about savings if you move to them. How do they all claim to save you money? This is how they do it.

All the different companies have a certain “appetite” for the type of customer that is profitable for them. An example of a preferred risk might be profiled as between the ages of 30 and 50, has no driving citations, and has great credit. A driver who fits that profile gets the lowest rates and therefore will cut their rates substantially.

Potential insureds who fall outside the requirements will be charged higher prices and this can result in the driver buying from a lower-cost company. The ad wording is “people who switch” not “everyone that quotes” save money. That’s why companies can advertise the savings. That is why drivers must compare as many rates as you can. It’s impossible to know which company will fit your personal profile best.

Specifics of your insurance policy

Learning about specific coverages of your policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like damage from a tornado or hurricane, hitting a deer, damage from flooding and hail damage. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Mazda CX-5.

Since many drivers only carry the minimum required liability limits, 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.

Coverage for liability

Liability insurance protects you from injuries or damage you cause to a person or their property. This coverage protects you from legal claims by others, and does not provide coverage for 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. You might see limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for claims such as attorney fees, legal defense fees and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but buy higher limits if possible.

Coverage for collisions

This covers damage to your CX-5 caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like hitting a mailbox, scraping a guard rail and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like X-ray expenses, chiropractic care, ambulance fees, surgery and nursing services. They are often utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Best coverage at the best price

We’ve covered many ways to get a better price on 2016 Mazda CX-5 insurance. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding lower rates. You may even find the biggest savings come from an unexpected company.

Drivers leave their current company for a number of reasons such as policy non-renewal, delays in responding to claim requests, not issuing a premium refund or denial of a claim. Regardless of your reason for switching companies, finding a great new company is not as hard as you think.

When shopping online for car insurance, don’t be tempted to skimp on coverage in order to save money. In many cases, drivers have reduced collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find for the lowest price.

More information is located at the links below