How Much Does 2007 Mazda Mazdaspeed 3 Car Insurance Cost?

Searching for lower auto insurance rates for your Mazda Mazdaspeed 3? Feeling guilty for buying high-priced auto insurance? Believe me when I say there are many people just like you. Many insurers compete for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies to find the absolute lowest price

Smart consumers take time to compare premium rates quite often because auto insurance prices change quite often. Even if you think you had the best deal for Mazdaspeed 3 insurance last year the chances are good that you can find a lower rate today. You can find a lot of wrong information about auto insurance out there, but in a few minutes you can learn some tested techniques to find cheap auto insurance.

Smart buyers can slash their insurance prices

An important part of buying insurance is that you know a few of the rating criteria that help determine the rates you pay for insurance. If you know what influences your rates, this helps enable you to make changes that could help you find cheaper rates.

  • Where do you drive? – The more you drive your Mazda in a year’s time the more you will pay for insurance. Most insurance companies price each vehicle’s coverage partially by how you use the vehicle. Cars and trucks that sit idle most of the time get more affordable rates than vehicles that are driven to work every day. A policy that improperly rates your Mazdaspeed 3 can cost quite a bit. Make sure your declarations sheet is rated on the correct driver usage.
  • Safety first – Safer cars tend to have lower insurance rates. The safest vehicles result in less severe injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims which can mean better rates for you.
  • More traffic means higher claims – Residing in a rural area is a good thing when it comes to insurance. Drivers who live in large cities tend to have more traffic problems and higher rates of accident claims. Fewer drivers and short commutes means fewer accidents as well as less vandalism and auto theft.
  • Older drivers are lower risk – More mature drivers have been proven to be more responsible, statistically cause fewer accidents and get fewer tickets.Youthful drivers have a tendency to be careless and easily distracted behind the wheel and because of this, their insurance rates are much higher.
  • Buy as much liability coverage as you can afford – Your policy’s liability coverage kicks in when you are ruled to be at fault for causing personal injury or damage in an accident. It will provide you with a defense in court which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.

How to compare free auto insurance rate quotes

Finding a better price on auto insurance is actually quite simple. Drivers just need to spend a few minutes comparing rates to find the company with cheaper auto insurance quotes. It’s really simple and can be done in a couple of different ways.

  1. Without a doubt, the easiest way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This quick form prevents you from having to do repetitive form entry for every auto insurance company. A single, simple form gets you coverage quotes instantly.
  2. A slightly less efficient method to shop for auto insurance online consists of visiting the website for every company you want to comare to complete a price quote. For instance, we’ll assume you want to compare prices for Auto-Owners, Liberty Mutual and GMAC. You would be required to go to every website and type in your information over and over, which can get rather old. For a handy list of car insurance company links in your area, click here.

It doesn’t matter which method you choose, just make sure you are using identical coverages and limits for each comparison quote. If you use mixed coverages it’s not possible to get a fair rate comparison.

Advertising and insurance coverage

Consumers can’t escape the ads that promise big savings for switching by companies like Progressive, Allstate and Geico. All the ads tend to make the same promise that drivers can save some big amount if you change your coverage.

It sounds good, but how can they all offer you a better deal?

Companies have specific characteristics for the type of customer that earns them the most money. For example, a profitable customer might be described as over the age of 45, carries high limits, and drives a lower-performance vehicle. A propective insured who matches that profile will get low prices and as a result will probably save when they switch companies.

Consumers who are not a match for this ideal profile may be required to pay a higher premium which leads to the prospect going elsewhere. The ads state “drivers who switch” not “everybody who quotes” can get the lowest rates when switching. This is how insurance companies can advertise the way they do.

This really illustrates why it is so important to get auto insurance quotes as often as possible. It’s impossible to know the company that will have the lowest rate quotes.

Drivers can save with these discounts

Insuring your vehicles can cost a lot, but discounts can save money and there are some available that you may not even know about. Some of these disounts will be visible at quote time, but some may not be applied and must be asked about before you get the savings. If you aren’t receiving every discount you qualify for, it’s possible you qualify for a lower rate.

  • Air Bags and Passive Restraints – Factory air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Mature Driver Discount – Older drivers may receive a small discount on rates for Mazdaspeed 3 insurance.
  • Auto/Life Discount – Not all insurance companies offer life insurance, but some may give you a discounted auto insurance rate on car insurance if you buy some life insurance too.
  • Theft Deterent – Vehicles that have factory alarm systems and tracking devices help deter theft and will qualify for a discount on a auto insurance quote.
  • Responsible Driver Discount – Accident-free drivers can save up to 40% or more on their auto insurance quote for Mazdaspeed 3 insurance than their less cautious counterparts.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • Professional Organizations – Being in qualifying employment or professional organizations may earn a discount on your next auto insurance statement.
  • Seat Belts Save – Requiring all passengers to use a seat belt can save up to 15% on medical payment and PIP coverage.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles have fewer accidents and the ABS can save up to 10%.
  • Defensive Driver Discounts – Completing a course teaching driver safety skills may get you a small discount and also improve your driving technique.

It’s important to understand that most discounts do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like all those discounts means the company will pay you, it’s just not the way it works.

To choose auto insurance companies who offer online auto insurance quotes, click here.

Special considerations

When choosing proper insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions could help you determine if your insurance needs may require specific advice.

  • Am I covered if hit by an uninsured driver?
  • Should I rate my 2007 Mazda Mazdaspeed 3 as pleasure use or commute?
  • Do I have newly-aquired coverage?
  • Why am I required to get a high-risk car insurance policy?
  • What is medical payments coverage?
  • At what point should I drop full coverage?
  • Is a fancy paint job covered?
  • Exactly who is provided coverage by my policy?
  • Do I need special endorsements for business use of my vehicle?
  • Why does it cost so much to insure a teen driver?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Insurance coverages and their meanings

Knowing the specifics of insurance helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on most insurance policies.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as hitting a parking meter, hitting a mailbox, colliding with a tree, sustaining damage from a pot hole and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as pain medications, prosthetic devices, chiropractic care and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Liability coverages

Liability coverage will cover damage or injury you incur to a person or their property that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as court costs, attorney fees, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as theft, a tree branch falling on your vehicle and a broken windshield. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your 2007 Mazda Mazdaspeed 3.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these limits are set the same as your liablity limits.

Coverage on a shoestring budget

Cheaper insurance is attainable on the web as well as from independent agents, so you need to shop auto insurance with both to have the best chance of lowering rates. Some insurance providers may not provide the ability to get a quote online and most of the time these smaller companies provide coverage only through local independent agencies.

We just covered a lot of techniques to get a better price on 2007 Mazda Mazdaspeed 3 insurance. It’s most important to understand that the more times you quote, the better your comparison will be. Drivers may discover the lowest priced insurance comes from some of the lesser-known companies. Smaller companies often have lower rates on specific markets than the large multi-state companies such as Geico and State Farm.

When buying insurance coverage, it’s a bad idea to reduce needed coverages to save money. There are many occasions where drivers have reduced comprehensive coverage or liability limits only to regret that it was a big mistake. Your focus should be to buy enough coverage for the lowest cost, but don’t skip important coverages to save money.

To read more, take a look at the resources below: