Compare 1998 Mazda 626 Insurance Rates

Trying to find the cheapest car insurance rates for your Mazda 626? Have you had enough of robbing Peter to pay Paul to pay your car insurance bill each month? You are no different than the majority of other car owners.

Because you have many companies to choose from, it is very difficult to locate the most affordable car insurance company.

It’s important to compare prices yearly since rates fluctuate regularly. Just because you found the best rates on 626 insurance six months ago you can probably find a better price now. Forget anything you know (or think you know) about car insurance because you’re about to learn how to use online quotes to eliminate unnecessary coverages and save money.

Pieces of the Mazda 626 insurance rate puzzle

It’s important that you understand the rating factors that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that can help you get much lower annual insurance costs.

Shown below are a few of the “ingredients” companies use to determine your rates.

  • Sex matters – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean women are better drivers. Both sexes are in accidents at a similar rate, but the male of the species have costlier accidents. Men also tend to receive more costly citations such as reckless driving. Young males are several times more likely to be in an accident and are penalized with high auto insurance rates.
  • Liability coverage protects you – The liability section of your policy is the coverage that protects you if you are found to be at fault for damages caused by your negligence. Liability provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not skimp.
  • An active claims history can cost you – Auto insurance companies provide discounts to insureds who file claims infrequently. If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Auto insurance is designed for major claims that would cause financial hardship.
  • Consolidate policies to earn discounts – Many auto insurance companies will give a discount to people who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible.
  • Rates may be lower depending on your job – Occupations like real estate brokers, business owners and stock brokers have the highest rates attributed to high stress and lengthy work days. On the other hand, professions such as actors, students and retirees get better rates on 626 insurance.
  • Poor credit can mean higher rates – Credit history is a big factor in your rate calculation. So if your credit score is not that good, you could be paying less to insure your 1998 Mazda 626 by improving your credit score. Drivers who have good credit tend to be better drivers and file fewer claims than those with lower credit scores.

The best way we recommend to compare rates takes advantage of the fact almost all companies will pay a fee to provide you with free rate quotes. All consumers are required to do is provide a little information including how many miles driven, marital status, how your vehicles are used, and if you went to college. Those rating factors is automatically sent to all major companies and they return rate quotes very quickly.

To find lower rates now, click here and enter your coverage details.

Discounts are great for lower rates

Companies offering auto insurance don’t always list every discount very well, so the following is a list of both the well known and also the lesser-known savings tricks you should be using.

  • Good Student – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Auto/Home Discount – If you insure your home and vehicles with the same insurance company you will save 10% to 20% off each policy.
  • Discounts for Safe Drivers – Safe drivers may save up to 50% more on 626 insurance than their less cautious counterparts.
  • Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • 55 and Retired – Mature drivers may receive reduced rates on 626 insurance.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Anti-theft Discount – Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Homeowners Pay Less – Owning a house can help you save on insurance coverage because of the fact that having a home requires personal responsibility.

Consumers should know that most credits do not apply to the entire policy premium. Some only reduce specific coverage prices like comprehensive or collision. So when the math indicates all the discounts add up to a free policy, it doesn’t quite work that way.

To see a list of insurers with the best insurance coverage discounts, follow this link.

You may need specialized coverage

When it comes to buying adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique so your insurance should reflect that These are some specific questions could help you determine whether or not you will benefit from professional help.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • What is covered by UM/UIM coverage?
  • What are the best liability limits?
  • Am I insured when driving a different vehicle?
  • Am I covered when pulling a rental trailer?
  • How do I file an SR-22 for a DUI in my state?
  • Do I have coverage when using my vehicle for my home business?
  • How high should my uninsured/underinsured coverage be in my state?
  • Can my teen driver be rated on a liability-only vehicle?

If it’s difficult to answer those questions, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

Coverage specifics

Having a good grasp of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average insurance policy.

Medical costs insurance

Med pay and PIP coverage reimburse you for immediate expenses for things like surgery, rehabilitation expenses, ambulance fees and X-ray expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

UM/UIM Coverage

This coverage protects you and your vehicle 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 626.

Since a lot of drivers have only the minimum liability required by law, 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.

Liability car insurance

Liability coverage protects you from damage that occurs to people or other property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover 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 commonly see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like medical services, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive or Other Than Collision

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a bird, damage from flooding, rock chips in glass, fire damage and hail damage. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision protection

This coverage covers damage to your 626 resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as scraping a guard rail, rolling your car, backing into a parked car, damaging your car on a curb and crashing into a ditch. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Don’t throw your cash in the trash

We’ve covered quite a bit of information on how to shop for 1998 Mazda 626 insurance online. The most important thing to understand is the more you quote, the higher the chance of saving money. Consumers may even find the biggest savings come from a lesser-known regional company. Smaller companies may often insure only within specific states and give getter rates as compared to the big name companies such as Geico and State Farm.

As you prepare to switch companies, it’s not a good idea to sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed liability limits or collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

Affordable insurance can be purchased online in addition to many insurance agents, so compare prices from both in order to have the best price selection to choose from. Some companies do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

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