Cheaper 2014 Mazda CX-5 Insurance Rates

Searching for lower insurance rates for your Mazda CX-5? Overwhelmed by the crazy number of insurance companies? Many other drivers are as well. Drivers have so many options that it can easily become a challenge to find the lowest price.

You should make it a habit to get comparison quotes once or twice a year due to the fact that insurance rates fluctuate regularly. If you had the best rates on CX-5 insurance a year ago you may be paying too much now. Don’t believe everything you read about insurance online, so I’m going to show you some proven techniques to quit paying high insurance rates.

Are you getting all your discounts?

Car insurance can cost a lot, but you can get discounts that you may not even be aware of. A few discounts will automatically apply at the time of quoting, but less common discounts must be asked about prior to receiving the credit.

  • Payment Method – If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Anti-theft System – Anti-theft and alarm systems are stolen less frequently and will save you 10% or more.
  • Homeowners Discount – Being a homeowner can help you save on auto insurance because owning a home is proof that your finances are in order.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, you won’t be that lucky. Any amount of discount will bring down the amount you have to pay.

For a list of insurers who offer auto insurance discounts, click this link.

When might I need an agent?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique.

For example, these questions may help you determine if your situation could use an agent’s help.

  • Do I need to file an SR-22 for a DUI in my state?
  • Should I buy more coverage than the required minimum liability coverage?
  • Do I benefit by insuring my home with the same company?
  • Who is covered when they drive my 2014 Mazda CX-5?
  • Can I rent a car in Mexico?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • At what point should I drop full coverage?
  • When can I cancel my policy?
  • Do I need rental car coverage?
  • I don’t drive much so do I pay less?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Coverage specifics

Understanding the coverages of insurance aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement.

Collision protection

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as hitting a mailbox, scraping a guard rail and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Mazda CX-5.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for liability

This can cover damages or injuries you inflict on other’s property or people. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as medical services, loss of income, medical expenses and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as pain medications, surgery and X-ray expenses. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like a broken windshield, vandalism and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

More quotes. Lower rates.

Cheaper 2014 Mazda CX-5 insurance is possible on the web as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies don’t offer online quoting and these small, regional companies work with independent agents.

We just covered quite a bit of information on how to save on insurance. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even find the biggest savings come from some of the lesser-known companies.

When you buy insurance online, never sacrifice coverage to reduce premiums. In many cases, someone sacrificed comprehensive coverage or liability limits and discovered at claim time they didn’t have enough coverage. The aim is to find the BEST coverage at the best price, not the least amount of coverage.

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