Compare 2008 Mazda Mazda5 Car Insurance Quotes

Are you sick and tired of robbing Peter to pay Paul to buy car insurance? You are no different than millions of other consumers. Multiple auto insurance companies compete to insure your vehicles, so it can be very hard to choose a company and get the best coverage at the best price available.

If you have a current car insurance policy or are shopping for new coverage, you can learn to get lower rates and still get good coverage. Finding affordable coverage is not rocket science. Drivers just need to understand the best way to shop online.

Don’t miss these discounts

Companies do not advertise all their discounts in a way that’s easy to find, so we took the time to find some of the more common and the more hidden discounts you could be receiving. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Drive Less and Save – Low mileage vehicles can qualify you for a substantially lower rate.
  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • Drivers Ed for Students – Have your child complete a driver education course if it’s offered in school.
  • Discount for Life Insurance – Larger companies have a break if you buy life insurance.
  • Multiple Policy Discount – If you have multiple policies with one insurance company you may earn at least 10% off all policies.
  • Employee of Federal Government – Simply working for the federal government could cut as much as 10% off for Mazda5 coverage with a few insurance coverage companies.
  • Senior Discount – If you’re over the age of 55, you may qualify for better insurance coverage rates for Mazda5 coverage.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts may earn rate discounts of up to 25% or more.

Keep in mind that some credits don’t apply to the entire cost. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like adding up those discounts means a free policy, insurance coverage companies aren’t that generous.

To see a list of insurance companies offering insurance coverage discounts, click this link.

Impacting insurance rates for a Mazda Mazda5

An important part of buying insurance is that you know some of the elements that come into play when calculating your insurance coverage rates. Knowing what impacts premium levels empowers consumers to make smart changes that could result in better insurance coverage rates.

  • Liability coverage protects you – The liability section of your policy is the protection if you are found liable for causing damage or personal injury in an accident. Liability provides legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Adjust deductibles and save – Physical damage deductibles define the amount you are willing to pay before a claim is paid by your company. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of claims that would be covered could be running into the backend of another car, collision with an animal, and burglary. The more the insured has to pay upfront, the bigger discount you will receive for Mazda5 coverage.
  • Your credit rating is important – Credit score is a important factor in calculating your insurance coverage rates. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower ratings. So if your credit history is low, you could be paying less to insure your 2008 Mazda Mazda5 by spending a little time repairing your credit.
  • Drive a safer car and pay less – Cars with high safety ratings can get you lower premiums. Safe vehicles reduce injuries and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Mazda Mazda5 has ratings of a minimum four stars on Safercar.gov it may be receiving lower rates.
  • Marriage pays dividends – Having a spouse actually saves money when buying insurance coverage. Having a significant other is viewed as being more responsible it has been statistically shown that being married results in fewer claims.
  • Extra add-on coverages are wasting money – There are a ton of add-on coverages that you can buy on your insurance coverage policy. Things like rental car reimbursement, towing coverage and term life insurance are examples of these. These may sound like a good investment when talking to your agent, but if they’re wasting money remove them from your policy.

When might I need help?

When choosing proper insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can help discover if your situation could use an agent’s help.

  • Do I have coverage for damage caused while driving under the influence?
  • Is my teenager covered with friends in the car?
  • Does my liability insurance cover pulling a trailer or camper?
  • Can I afford to buy a different vehicle if my 2008 Mazda Mazda5 is totaled?
  • Where can I find high-risk insurance?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Do insurance companies bend the truth?

Consumers can’t ignore all the ads that promise big savings from companies such as Geico, State Farm and Progressive. All the ads say the same thing about savings after switching your policy.

How does each company make almost identical claims? It’s all in the numbers.

All the different companies have a certain “appetite” for the right customer that earns them a profit. For example, a desirable insured could possibly be between 25 and 40, has no prior claims, and has a high credit rating. A propective insured who fits that profile receives the best rates and is almost guaranteed to cut their rates substantially.

Consumers who don’t qualify for these standards must pay a more expensive rate which usually ends up with business going elsewhere. The ad wording is “drivers who switch” not “people who quote” save that much money. That is how companies can truthfully state the savings. This illustrates why drivers should get as many quotes as possible. It is impossible to predict which insurance company will provide you with the cheapest Mazda Mazda5 insurance rates.

Coverages available on your insurance policy

Having a good grasp of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average insurance policy.

Liability coverages

Liability coverage will cover injuries or damage you cause to other’s property or people in an accident. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims such as court costs, pain and suffering and loss of income. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Comprehensive insurance

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane, a broken windshield, damage from getting keyed and hail damage. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP kick in for bills like surgery, pain medications and chiropractic care. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision coverage will pay to fix damage to your Mazda5 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as hitting a parking meter, rolling your car, driving through your garage door, backing into a parked car and colliding with a tree. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Mazda Mazda5.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Better coverage you can count on

We just covered some good ideas how you can compare 2008 Mazda Mazda5 insurance prices online. The key concept to understand is the more providers you compare, the higher the chance of saving money. Consumers could even find that the lowest premiums are with a small local company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.

As you prepare to switch companies, it’s a bad idea to reduce coverage to reduce premium. There are too many instances where someone sacrificed full coverage and found out when filing a claim that they should have had better coverage. Your focus should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Cheap insurance can be sourced on the web in addition to many insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies do not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

Other information