How Much Does 2012 Mazda 5 Insurance Cost?

Searching for better insurance rates for your Mazda 5? Finding cheaper insurance can appear to be somewhat intimidating for people new to buying insurance online. With such a large number of agents and companies competing online, how are we expected to efficiently compare all the different companies and get the cheapest available price?

If you have car insurance now, you will most likely be able to lower your premiums substantially using these methods. The purpose of this article is to tell you the best way to quote coverages and some tips to save money. Although car owners need to have an understanding of the way companies determine prices and take advantage of how the system works.

How do insurance providers determine Mazda 5 insurance rates?

When buying insurance coverage it’s important to understand some of the things that go into determining your insurance coverage rates. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you lower rates.

  • Raising deductibles lowers rates – Deductibles for physical damage define how much you are required to spend before your insurance coverage pays a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some instances where coverage would apply are collision with another vehicle, animal collisions, or theft of your vehicle. The more you have to pay, the less your insurance coverage will be on 5 insurance.
  • Careless drivers pay higher prices – Getting just one speeding ticket can bump up the cost by twenty percent. Drivers with clean records pay less for auto insurance as compared to careless drivers. Drivers unfortunate enough to have serious citations such as DUI or reckless driving may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
  • Save money by staying claim free – Insurance companies give the lowest premiums to insureds who only file infrequent claims. If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance is meant to be used in the event of more catestrophic claims.
  • Know your vehicle’s IIHS safety rating – Vehicles that have high safety ratings tend to have lower insurance rates. These vehicles reduce injuries and any reduction in injury severity translates directly to fewer claims passed on to you as lower rates.
  • Lower rates with alarms and GPS tracking – Buying a car that has a built-in theft deterrent system can help bring down rates. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all aid in stopping auto theft and help lower rates.
  • Rental and towing coverage may not be needed – Insurance companies have many optional add-on coverages that you can buy if you aren’t diligent. Things like replacement cost coverage, accidental death, and additional equipment coverage could be just wasting money. You may think they are a good idea when buying your policy, but now you might not need them so remove them and pocket the money.
  • Rates are affected by your address – Being located in a small town can save you money when talking about insurance coverage. Less people living in that area means less chance of accidents and lower theft and vandalism rates. Drivers who live in large cities regularly have more traffic problems and a longer drive to work. Higher commute times means more chance of being in an accident.

Cheapest auto insurance quotes

There are several ways you can shop for auto insurance but there is one way that is easier and takes less work. You can spend countless hours talking to insurance agencies in your area, or you can utilize online quotes to maximize your effort.

Many popular insurance companies take part in a program that enables customers to complete one form, and each participating company then gives them pricing determined by their information. This saves time by eliminating form submissions for each company.

To get comparison pricing now click here to open in new window.

One minor caviat to pricing coverage this way is you are unable to specify the companies you want to price. If you prefer to choose specific insurance companies to compare rates, we have a page of companies who write auto insurance in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but try to use nearly identical coverages and limits with each company. If the quotes have different coverage information you can’t possibly make a fair rate comparison. Just a small difference in insurance coverages can mean a large discrepancy in price. Just keep in mind that comparing a large number of companies will improve the odds of getting more affordable rates.

Verify you’re earning every discount

Insuring your vehicles can cost a lot, but there could be significant discounts that you may not even know about. Certain reductions will be credited when you get a quote, but occassionally some discounts must be manually applied before you will receive the discount.

  • Pay Early and Save – If you pay your entire premium ahead of time instead of paying each month you may have a lower total premium amount.
  • Telematics Data Discounts – People who choose to allow data collection to track driving habits by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease as long as they are good drivers.
  • Own a Home – Simply owning a home can save you money because owning a home requires a higher level of personal finance.
  • Accident Waiver – This one is not really a discount per se, but companies like Geico and Allstate will forgive one accident before they charge you more for coverage so long as you haven’t had any claims before the accident.
  • 55 and Retired – Older drivers can get a small decrease in premiums on 5 insurance.
  • Theft Deterent System – Cars optioned with advanced anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.

Discounts save money, but please remember that most discounts do not apply the the whole policy. Some only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like it’s possible to get free car insurance, it just doesn’t work that way.

A few of the larger companies and a partial list of their discounts are outlined below.

  • Geico offers discounts including seat belt use, federal employee, anti-theft, anti-lock brakes, five-year accident-free, and emergency military deployment.
  • MetLife may have discounts that include claim-free, defensive driver, multi-policy, accident-free, good driver, and good student.
  • Progressive includes discounts for online quote discount, good student, online signing, multi-policy, and continuous coverage.
  • Travelers has savings for driver training, IntelliDrive, continuous insurance, multi-policy, and good student.
  • SAFECO discounts include accident prevention training, multi-car, drive less, safe driver, and bundle discounts.
  • AAA policyholders can earn discounts including education and occupation, multi-policy, anti-theft, multi-car, good driver, good student, and AAA membership discount.

If you need lower rates, check with all the companies which credits you are entitled to. Depending on the company, some discounts might not be offered on policies in every state. To view providers who offer car insurance discounts, click this link.

When should I discuss my situation with an agent?

When it comes to buying the best auto insurance coverage, there really is not a perfect coverage plan. Each situation is unique.

For instance, these questions might point out whether you may require specific advice.

  • When should I remove comp and collision on my 2012 Mazda 5?
  • Do I need replacement cost coverage on my 2012 Mazda 5?
  • Does coverage extend to a rental car in a foreign country?
  • Does my medical payments coverage pay my health insurance deductible?
  • Am I covered if I hit my neighbor’s mailbox?
  • What if I owe more than I can insure my car for?
  • I don’t drive much so do I pay less?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form.

Auto insurance 101

Having a good grasp of a car insurance policy helps when choosing which coverages you need and proper limits and deductibles. Car insurance terms can be impossible to understand and nobody wants to actually read their policy.

Comprehensive insurance

Comprehensive insurance pays for 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 protects against claims such as hitting a bird, hail damage, theft and damage from a tornado or hurricane. The most your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision protection

Collision insurance will pay to fix damage to your 5 resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like hitting a parking meter, crashing into a ditch, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for bills like X-ray expenses, pain medications, prosthetic devices, ambulance fees and funeral costs. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

This protects you from injuries or damage you cause to a person or their property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like medical expenses, court costs, attorney fees and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Mazda 5.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Smart shoppers get results

When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. In many instances, someone sacrificed liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy enough coverage at the best price, but do not sacrifice coverage to save money.

You just learned many ways to lower your 2012 Mazda 5 insurance rates. The key concept to understand is the more rate quotes you have, the better your chances of lowering your car insurance rates. You may even discover the biggest savings come from a small mutual company.

Drivers who switch companies do it for a number of reasons such as being labeled a high risk driver, unfair underwriting practices, not issuing a premium refund or even delays in paying claims. It doesn’t matter why you want to switch finding a new insurance company is actually quite simple.

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