1993 Mazda 323 Insurance Rates – 5 Tricks for Cheapest Quotes

Want cheaper insurance rates for your Mazda 323? I can’t think of a single person who looks forward to paying for insurance, especially knowing their premiums are through the roof.

Insurance companies such as State Farm, Progressive and Geico constantly blast consumers with fancy advertisements and it is challenging if not impossible to ignore the propoganda and find the best price available.

If you are paying for car insurance now, you should be able to cut costs considerably using these methods. Buying car insurance is not that difficult. But consumers can benefit by having an understanding of how big insurance companies price insurance differently and apply this information to your search.

Discounts mean cheaper Mazda 323 insurance rates

Car insurance can cost a lot, but companies offer discounts that many people don’t even know exist. Most are applied when you quote, but some must be asked about prior to getting the savings.

  • Early Signing – Some companies give discounts for signing up before your current policy expires. This can save 10% or more.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
  • Payment Discounts – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
  • Own a Home – Owning a house can save you money because maintaining a house shows financial diligence.

Drivers should understand that most credits do not apply to the overall cost of the policy. Most cut specific coverage prices like comprehensive or collision. Just because you may think all those discounts means the company will pay you, companies don’t profit that way. Any qualifying discounts will bring down the amount you have to pay.

A partial list of companies that possibly offer these money-saving discounts include:

Check with each company which discounts they offer. Discounts might not apply everywhere.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Each situation is unique so your insurance needs to address that. For example, these questions can help discover whether or not you would benefit from professional advice.

  • Is my 1993 Mazda 323 covered for flood damage?
  • Should I drop comprehensive coverage on older vehicles?
  • How much underlying liability do I need for an umbrella policy?
  • What discounts do I qualify for?
  • Does having multiple vehicles earn me a discount?
  • Am I covered if I crash into my own garage door?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I have coverage when making deliveries for my home business?

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 or you can go here for a list of companies in your area.

Buyer beware of car insurance advertising tricks

Car insurance companies such as Geico, State Farm and Progressive constantly bombard you with ads on television and other media. They all seem to say the same thing of big savings if you switch to them. How do they all make almost identical claims? It’s all in the numbers.

All companies can use profiling for the right customer that earns them a profit. For example, a preferred risk could be between 30 and 50, has no tickets, and drives newer vehicles. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and is almost guaranteed to save quite a bit of money when switching.

Potential insureds who fall outside these standards will be charged higher rates which leads to business not being written. The ads state “people who switch” not “everyone that quotes” save money. That’s why companies can make those claims.

That is why you need to get as many comparisons as possible. It’s just too difficult to predict which company will fit your personal profile best.

Insurance coverage options for a 1993 Mazda 323

Understanding the coverages of insurance can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most insurance policies.

Coverage for liability

Liability coverage provides protection from injuries or damage you cause to a person or their property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover 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 policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as medical expenses, funeral expenses, court costs and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.

Auto collision coverage

This coverage pays for damage to your 323 from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like crashing into a building, colliding with a tree, rolling your car, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Mazda 323.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Coverage for medical payments

Med pay and PIP coverage kick in for short-term medical expenses such as dental work, ambulance fees, prosthetic devices and surgery. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, hitting a deer, fire damage and vandalism. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Be Smart and Buy Smart

You just learned many ways to lower your 1993 Mazda 323 insurance rates. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. Drivers may discover the biggest savings come from a small mutual company. These companies may only write in your state and offer lower rates than the large multi-state companies such as Geico and State Farm.

When you buy insurance online, don’t be tempted to buy poor coverage just to save money. There are too many instances where drivers have reduced physical damage coverage to discover at claim time that they should have had better coverage. Your goal should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

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