Want lower auto insurance rates for your Mazda Protege? Have you fallen victim to overpriced auto insurance? Believe me, you are not the only one feeling buyer’s remorse. With so many choices, it is very difficult to choose the most affordable insurer.
Companies offering auto insurance do not list all their discounts very well, so we researched some of the more common as well as the least known ways to save on insurance. If you don’t get every credit you qualify for, you are throwing money away.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like you could get a free insurance policy, you’re out of luck.
A partial list of companies that possibly offer these discounts include:
Check with each insurance company what discounts are available to you. All car insurance discounts might not apply in your area.
When buying proper insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions may help highlight if you would benefit from professional advice.
If you’re not sure about those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.
Having a good grasp of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types found on most insurance policies.
This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for things like rock chips in glass, fire damage and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
This coverage can cover injuries or damage you cause to a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.
Liability coverage protects against claims such as loss of income, medical expenses and structural damage. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.
This coverage pays for damage to your Protege from colliding with another car or object. A deductible applies then your collision coverage will kick in.
Collision can pay for claims such as rolling your car, hitting a mailbox, hitting a parking meter, backing into a parked car and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible in order to get cheaper collision rates.
Medical payments and Personal Injury Protection insurance kick in for bills like dental work, EMT expenses, prosthetic devices, funeral costs and ambulance fees. They are utilized in addition to your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
We just covered some good ideas how you can save on 2003 Mazda Protege insurance. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. You may be surprised to find that the most savings is with a small mutual company. Regional companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm or Progressive.
As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped full coverage only to regret that the savings was not a smart move. Your focus should be to find the BEST coverage for the lowest price.