2000 Mazda 626 Insurance Rates

Nobody I know looks forward to buying insurance, especially knowing they are paying too much. You have multiple insurers to buy insurance from, and though it is a good thing to have a selection, too many choices makes it more difficult to find a good deal.

It’s a good idea to shop coverage around every six months because insurance rates tend to go up over time. Just because you had the lowest rates for 626 insurance six months ago there is a good chance you can find better rates now. Don’t believe everything you read about insurance online, so with this article, you’re going to get some great ways to quit paying high insurance rates.

Buying car insurance is easy if you know what you’re doing. If you have a policy now or are looking for a new policy, you can follow these tips to get lower rates and still get good coverage. Drivers just need to learn the best way to compare company rates on the web.

How to reduce Mazda 626 insurance rates

Companies that sell car insurance don’t necessarily list all their discounts in a way that’s easy to find, so we break down some of the best known and the more hidden insurance savings. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • Accident Forgiveness – Certain companies will allow you to have one accident before hitting you with a surcharge if you are claim-free prior to the accident.
  • Passive Restraints – Factory air bags or motorized seat belts can get savings up to 30%.
  • Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% for 626 insurance with select insurance companies.
  • College Student – Kids in college living away from home attending college without a vehicle on campus may qualify for this discount.
  • Payment Method – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Life Insurance – Companies who offer life insurance give lower rates if you buy life insurance from them.
  • Early Switch Discount – Some insurance companies reward drivers for switching policies before your current policy expires. It’s a savings of about 10%.
  • Discount for Good Grades – Getting good grades can earn a discount of 20% or more. This discount can apply up to age 25.
  • Multiple Cars – Having all your vehicles on the same insurance policy could earn a price break for each car.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like adding up those discounts means a free policy, you won’t be that lucky.

Companies that may have these money-saving discounts include:

Double check with all companies you are considering what discounts are available to you. Savings might not be offered everywhere.

The most recommended method to compare car insurance rates is to know almost all companies actually pay money for the chance to compare their rates. To start a quote, the only thing you need to do is give them some information including whether you are married, deductibles desired, your credit rating estimate, and how much education you have. Your details is automatically sent to many different companies and you get price estimates very quickly.

Factors that might impact rates for a Mazda 626

An important part of buying insurance is that you know the different types of things that play a part in calculating the rates you pay for insurance. Having a good understanding of what influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

  • Safer occupants lowers premiums – Safer cars tend to have better insurance rates. Safer cars result in less severe injuries and lower injury rates means less money paid by your insurance company and lower rates for you. If the Mazda 626 is rated at least four stars on Safercar.gov it may be receiving lower rates.
  • Discounts for married couples – Being married can actually save you money on your insurance policy. Having a spouse is viewed as being more responsible and it’s statistically proven that married drivers get in fewer accidents.
  • Bundling policies can get discounts – Most insurance companies will award you with lower prices to people who consolidate policies with them, otherwise known as a multi-policy discount. If you currently are using one company, you still need to shop around to ensure the best deal. You may still be able to find a better deal by buying insurance from a different company.
  • Better credit scores mean better rates – Credit rating is a big factor in determining your rates. Consumers who have good credit tend to be less risk to insure than drivers with lower credit scores. If your credit can use some improvement, you could save money insuring your 2000 Mazda 626 by spending a little time repairing your credit.

Tailor your coverage to you

When buying the best auto insurance coverage, there really is no cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For instance, these questions may help you determine whether you will benefit from professional help.

  • At what point should I drop full coverage?
  • Do I need more liability coverage?
  • Am I insured when driving a different vehicle?
  • How much underlying liability do I need for an umbrella policy?
  • Is my 2000 Mazda 626 covered for flood damage?
  • Which companies will insure high-risk drivers?
  • Is a new car covered when I drive it off the dealer lot?
  • What should my uninsured motorist coverage limits be in my state?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

The insurance bait and switch

Consumers can’t get away from ads for car insurance savings from companies such as Allstate and Progressive. They all seem to say the same thing of big savings if you move your policy.

But how can every company make the same claim? This is how they do it.

Insurance companies can use profiling for the type of driver they prefer to insure. For instance, a preferred risk might be profiled as between 25 and 40, a clean driving record, and chooses high deductibles. A propective insured who meets those qualifications gets the lowest rates and therefore will pay quite a bit less when switching companies.

Drivers who fall outside the requirements will have to pay more money and ends up with the customer not buying. The ads state “customers that switch” not “everyone that quotes” save money. That’s the way insurance companies can state the savings. Because of the profiling, you should get as many quotes as possible. You cannot predict which company will give you the biggest savings on Mazda 626 insurance.

Coverage specifics

Learning about specific coverages of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by auto insurance companies.

Liability auto insurance – Liability coverage provides protection from damage that occurs to other people or property in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 that translate to 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.

Liability coverage protects against things like repair bills for other people’s vehicles, funeral expenses, repair costs for stationary objects, medical expenses and court costs. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Collision coverages – Collision coverage covers damage to your 626 resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a mailbox, scraping a guard rail, colliding with another moving vehicle, damaging your car on a curb and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Medical costs insurance – Med pay and PIP coverage pay for short-term medical expenses such as ambulance fees, funeral costs, EMT expenses and nursing services. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

UM/UIM Coverage – Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Mazda 626.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive or Other Than Collision – This coverage 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 claims such as a tree branch falling on your vehicle, damage from getting keyed, rock chips in glass and fire damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

The best insurance company isn’t always the cheapest

Lower-priced 2000 Mazda 626 insurance is attainable both online and with local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance coverage companies do not offer the ability to get a quote online and these small insurance companies work with independent agents.

We’ve covered a lot of tips how to lower your insurance rates. The most important thing to understand is the more you quote, the higher the chance of saving money. Consumers could even find that the best prices are with some of the lesser-known companies. They may only write in your state and offer lower rates than their larger competitors like State Farm, Geico and Nationwide.

As you go through the steps to switch your coverage, do not skimp on coverage in order to save money. There are many occasions where consumers will sacrifice liability limits or collision coverage and found out when filing a claim they didn’t have enough coverage. The proper strategy is to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

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