2016 Mazda 3 Insurance Rates – 9 Ways to Save

Want the cheapest insurance coverage rates for your Mazda 3? Are you sick and tired of wondering where the money will come from to pay insurance coverage each month? You’re in the same situation as many other consumers.

There is such a variety of car insurance companies to choose from, and though it is a good thing to have a choice, lots of choices makes it harder to compare rates and cut insurance costs.

It’s smart to check insurance coverage prices on a regular basis because insurance rates are constantly changing. Just because you had the best rate for 3 insurance a couple years back a different company probably has better prices today. Forget anything you know (or think you know) about insurance coverage because it’s time to teach you how to quote online to remove unneeded coverages and save money.

Which auto insurance is cheapest?

To get cheaper insurance quotes, there a variety of ways to compare quotes from companies that offer auto insurance in your state. The quickest method to comparison shop involves getting comparison quotes online. It’s really quite simple and can be done by using one of the methods below.

  • If you are pressed for time, the simplest way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This style of form prevents you from having to do repetitive form entry for every auto insurance company. In just a few minutes this one form gets you price quotes from auto insurance companies with the best prices.
  • A more difficult way to analyze rates requires you to visit the website for every company you want to comare and request a quote. For instance, we’ll pretend you want to see prices from Farmers, Liberty Mutual and Allstate. To get rate quotes you would need to navigate to each company’s site and repeatedly type in your coverage information, which can be really labor intensive. For a list of links to companies insuring cars in your area, click here.
  • The least efficient and most time consuming way to compare price quotes is physically going to local insurance agencies. Shopping for auto insurance online makes this process obsolete unless you have a need for the personal advice only provided by licensed agents. It is possible with some companies get the lowest quotes online but buy from a local insurance agent.

Whichever method you choose, try to keep equivalent coverage limits and deductibles for each price quote. If you have mixed coverages it’s not possible to determine which rate is truly the best. Slightly different coverages could mean much higher rates. Keep in mind that comparing a wide range of rates will enable you to find more affordable insurance.

Lower rate quotes with these nine discounts

Car insurance can cost a lot, but you may qualify for discounts to help bring down the price. Some trigger automatically at the time of quoting, but a few must be asked about before you get the savings. If you are not receiving all the discounts possible, it’s possible you qualify for a lower rate.

  • Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class in school.
  • Early Signing – Some companies reward drivers for switching companies before your current coverage expires. The savings is around 10%.
  • Active Service Discounts – Being on active deployment in the military can result in better prices.
  • Homeowners Discount – Owning a home may trigger a policy discount on auto insurance because maintaining a house shows financial diligence.
  • Low Mileage – Keeping the miles down on your Mazda can qualify you for substantially lower rates.
  • Bundled Policy Discount – When you combine your auto and homeowners insurance and insure them with the same company you could save nearly 15% which can help you find low cost insurance.
  • Anti-lock Brakes – Cars and trucks with anti-lock braking systems can reduce accidents and will save you 10% or more.
  • Defensive Driver – Passing a defensive driving class could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Student in College – Older children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus can receive lower rates.

Consumers should know that most credits do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as comprehensive or collision. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

Larger auto insurance companies and some of the discounts are outlined below.

  • Progressive includes discounts for multi-vehicle, online quote discount, homeowner, continuous coverage, multi-policy, and good student.
  • SAFECO may include discounts for multi-car, teen safety rewards, teen safe driver, safe driver, drive less, anti-lock brakes, and homeowner.
  • American Family has savings for good driver, mySafetyValet, multi-vehicle, TimeAway discount, air bags, good student, and Steer into Savings.
  • MetLife may have discounts that include good driver, good student, claim-free, defensive driver, accident-free, multi-policy
  • Geico has discounts for driver training, air bags, emergency military deployment, membership and employees, seat belt use, and five-year accident-free.
  • The Hartford discounts include anti-theft, air bag, driver training, good student, defensive driver, bundle, and vehicle fuel type.

Double check with every prospective company the best way to save money. A few discounts might not be offered everywhere. To locate auto insurance companies that offer some of these discounts, click here.

What is the best car insurance coverage?

When choosing the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Every insured’s situation is different so this has to be addressed. These are some specific questions may help highlight if your insurance needs might need professional guidance.

  • Is my camper covered by my car insurance policy?
  • Do I need PIP coverage since I have good health insurance?
  • Does insurance cover damages from a DUI accident?
  • Is my cargo covered for damage or theft?
  • Is my state a no-fault state?
  • Which is better, split liability limits or combined limits?
  • If I drive on a suspended license am I covered?
  • Should I carry comprehensive and collision coverage?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.

Insurance policy specifics

Learning about specific coverages of insurance aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the usual coverages offered by insurance companies.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for expenses such as prosthetic devices, doctor visits and EMT expenses. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability car insurance – Liability insurance protects you from injuries or damage you cause to a person or their property that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims like bail bonds, funeral expenses, loss of income, medical expenses and attorney fees. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive or Other Than Collision – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from getting keyed, damage from a tornado or hurricane, hitting a deer and falling objects. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage – Collision insurance will pay to fix damage to your 3 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as colliding with another moving vehicle, scraping a guard rail and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

UM/UIM Coverage – This provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and also any damage incurred to your Mazda 3.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Normally these limits do not exceed the liability coverage limits.