2002 Mazda 626 Insurance Cost

Insurance shopping is not really something people fancy doing, but all states require it in order to satisfy compulsory insurance requirements.

Consumers need to get comparison quotes every six months since insurance rates go up and down regularly. Just because you had the best price for 626 insurance a couple years back you can probably find a lower rate today. So ignore everything you know about car insurance because you’re going to learn the quickest way to properly buy coverages and cut your premium.

This article will teach you how to get online quotes and some tips to save money. If you are paying for car insurance now, you will be able to save some money using these techniques. But car owners must learn how insurance companies price insurance differently and apply this information to your search.

Car Insurance Comparison Rates

To find the best car insurance prices, there are several ways of comparing rates from car insurance companies in your area. One of the best ways to find competitive 2002 Mazda 626 insurance rates is simply to get online rate quotes. This is very easy and can be done using a couple different methods.

  1. One of the best ways to get the best comparison quotes is an all-inclusive rate comparison (click to open form in new window). This easy form keeps you from doing boring form submissions to each individual car insurance company. Just one form gets you price quotes from multiple companies. It’s definitely the quickest method.
  2. A more difficult way to get comparison quotes requires a trip to each individual company website and fill out their own quote form. For example, let’s say you want to compare rates from Progressive, Esurance and Farmers. To get each rate you have to visit each site to input your insurance information, which is why the first method is quicker. To view a list of companies in your area, click here.

It’s your choice how you get your quotes, but be sure to compare identical coverage information for every quote you compare. If your comparisons have higher or lower deductibles it’s impossible to find the best deal for your Mazda 626. Slightly different coverages could mean much higher rates. And when comparing car insurance rates, know that comparing a large number of companies helps locate the best price.

Impacting insurance rates for a Mazda 626

An important part of buying insurance is that you know the factors that play a part in calculating the price you pay for insurance. Knowing what impacts premium levels allows you to make educated decisions that will entitle you to better insurance rates.

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

  • Occupation reflects on rates – Occupations like real estate brokers, social workers and stock brokers tend to have the highest rates in part from stressful work requirements and lengthy work days. On the other hand, professions such as farmers, students and retirees receive lower rates for 626 insurance.
  • Your age impacts your rates – Mature drivers are more responsible, statistically cause fewer accidents and get fewer tickets. Youthful drivers tend to get distracted easily in a vehicle therefore insurance rates are much higher.
  • Pay less after the wedding – Having a wife or husband helps lower the price on insurance. It usually means you are more mature and responsible it has been statistically shown that being married results in fewer claims.
  • Consolidate policies to earn discounts – The majority of insurers will give a discount to customers who buy several policies from them in the form of a multi-policy discount. 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.
  • Where do you drive? – The more you drive in a year the more you’ll pay to insure your vehicle. Most insurance companies apply a rate determined by how the vehicle is used. Vehicles not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance policy shows the correct driver usage, because improper ratings can cost you money. Incorrect usage on your 626 can result in significantly higher rates.
  • Liability coverage is peace of mind – Liability coverage will protect you in the event that you are found to be at fault for personal injury or accident damage. Liability insurance provides for a legal defense which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
  • Safer cars are cheaper to insure – Vehicles with high crash test scores tend to have better insurance rates. Safer cars protect occupants better and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders. If your Mazda has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • High numbers of claims are not good – Insurance companies generally give better rates to people who file claims infrequently. If you frequently file small claims, you can definitely plan on higher rates. Insurance coverage is intended to be relied upon for larger claims.

Lots of discounts mean lots of savings

Insurance can be prohibitively expensive, but companies offer discounts to cut the cost considerably. A few discounts will automatically apply at the time of quoting, but a few must be asked about prior to receiving the credit.

  • Passive Restraint Discount – Vehicles with factory air bags can get savings of 20% or more.
  • E-sign – Some insurance companies may give you up to $50 for buying your policy digitally online.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less for 626 insurance than less cautious drivers.
  • Payment Method – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Memberships – Being a member of a qualifying organization could qualify you for a break on your policy for 626 insurance.
  • Good Student Discount – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last until age 25.

Keep in mind that most discount credits are not given to your bottom line cost. A few only apply to individual premiums such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. But all discounts will reduce your premiums.

For a list of insurers offering insurance coverage discounts, click here to view.

Situations that might require an agent

When it comes to buying the best insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that may help you determine if your situation will benefit from professional help.

  • Does liability extend to a camper or trailer?
  • Is my 2002 Mazda 626 covered for flood damage?
  • When should I remove comp and collision on my 2002 Mazda 626?
  • Does insurance cover damages from a DUI accident?
  • At what point should I drop full coverage?
  • Can my babysitter drive my car?
  • Do I need replacement cost coverage?
  • Am I covered if I break a side mirror?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverage breakdown

Understanding the coverages of auto insurance aids in choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for bills for things like EMT expenses, dental work, ambulance fees, prosthetic devices and rehabilitation expenses. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

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

Comprehensive can pay for things like hitting a bird, theft, hail damage and hitting a deer. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2002 Mazda 626.

Since many drivers 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 important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Collision – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like scraping a guard rail, sideswiping another vehicle, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Auto liability insurance – This coverage can cover injuries or damage you cause to a person or their property by causing an accident. It protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as structural damage, bail bonds, pain and suffering, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible.

Be a Smart Shopper

You just learned a lot of techniques to save on 2002 Mazda 626 insurance. It’s most important to understand that the more quotes you get, the better your chances of lowering your rates. You may even discover the biggest savings come from a company that doesn’t do a lot of advertising.

Cheap insurance can be purchased on the web in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed physical damage coverage only to regret they didn’t purchase enough coverage. Your goal should be to buy enough coverage for the lowest price while still protecting your assets.

Much more information about insurance coverage can be read below: