Save on 2016 Mazda CX-5 Insurance Cost

Are you sick and tired of trying to scrape together enough money to insure your Mazda every month? You are in the same boat as most other car owners. Drivers have so many auto insurance companies to purchase coverage from, and although it’s nice to have a choice, it can be more difficult to adequately compare rates.

Factors that can influence Mazda CX-5 insurance rates

An important part of buying insurance is that you know some of the elements that help determine auto insurance rates. Knowing what influences your rates enables informed choices that could result in big savings.

  • Add-on coverages can add up – There are a lot of extra coverages that you can get tricked into buying on your auto insurance policy. Coverages for personal injury protection, accidental death and term life insurance may be costing you every month. They may seem good initially, but if they’re wasting money eliminate them to save money.
  • Drive less and save money – Driving more miles in a year’s time the higher your rates will be. Most companies apply a rate based on their usage. Autos that are left in the garage can get a lower rate compared to those used for work or business. If your policy improperly rates your CX-5 can cost quite a bit. Verify your auto insurance coverage is rated on the proper vehicle usage, because it can save money.
  • Older drivers save more – Youthful drivers have a tendency to be careless and easily distracted when behind the wheel so they pay higher auto insurance rates. Older insureds are more cautious drivers, tend to cause fewer accidents and are safer drivers.
  • Do you have enough liability coverage? – The liability section of your policy will protect you in the event that you are found to be at fault for damages from an accident. Liability insurance provides for a legal defense which can be incredibly expensive. Liability is cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Pay less if you’re married – Having a wife or husband can actually save you money when buying auto insurance. It is viewed as being more mature and responsible and statistics show married drivers get in fewer accidents.

How to Compare Auto Insurance

Shopping for lower auto insurance rates can be a daunting task if you aren’t aware of the most efficient way. You could spend your day driving to agents in your area, or you could use the web to maximize your effort.

All the larger companies enroll in a system that enables customers to submit their information once, and every company provides a quote for coverage. This prevents consumers from doing form submissions to every company.

To participate in this free quote system, click here to open in new window.

One minor caviat to using this type of system is buyers cannot specifically choose which carriers you want pricing from. If you would rather choose from a list of companies to compare, we put together a list of the cheapest auto insurance companies in your area. View list of insurance companies.

However you get your quotes, ensure you are comparing identical coverages and limits on every quote. If you are comparing different deductibles it’s impossible to find the best deal for your Mazda CX-5.

Lots of discounts mean lots of savings

Companies offering auto insurance don’t always publicize every discount in an easy-to-find place, so we break down both well-publicized as well as the least known savings tricks you should be using. If they aren’t giving you every credit you qualify for, you are throwing money away.

  • Drivers Ed for Students – Have your child take driver’s ed class in high school.
  • Accident Forgiveness – A few companies permit an accident before raising your premiums if you are claim-free for a certain period of time.
  • Military Rewards – Being deployed with a military unit could be rewarded with lower premiums.
  • Multiple Cars – Buying coverage for all your vehicles on the same car insurance policy may reduce the rate for each vehicle.
  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more for CX-5 insurance than drivers with accidents.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts can save 10% or more off the personal injury premium cost.
  • Life Insurance Discount – Larger companies have better rates if you take out life insurance.
  • Homeowners Pay Less – Owning a house can help you save on car insurance because of the fact that having a home requires personal responsibility.
  • Drive Less and Save – Fewer annual miles on your Mazda could qualify for lower rates on the low mileage vehicles.

Drivers should understand that most credits do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like all those discounts means the company will pay you, it doesn’t quite work that way.

Car insurance companies that may offer these money-saving discounts may include but are not limited to:

Check with all companies you are considering which discounts they offer. All car insurance discounts might not apply everywhere.

Situations that might require an agent

When choosing the best insurance coverage coverage for your personal vehicles, there really is no “perfect” insurance plan. Each situation is unique so your insurance needs to address that. For example, these questions can aid in determining if your situation might need an agent’s assistance.

  • Am I getting all the discounts available?
  • Am I covered when delivering products for my home-based business?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I need PIP coverage since I have good health insurance?
  • How does medical payments coverage work?
  • Am I covered when using my vehicle for business?
  • What if I owe more than I can insure my car for?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Coverages available on your policy

Knowing the specifics of a car insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages found on most car insurance policies.

Collision insurance

This covers damage to your CX-5 from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a mailbox, sustaining damage from a pot hole, driving through your garage door, damaging your car on a curb and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto liability insurance

This will cover injuries or damage you cause to other people or property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims such as loss of income, medical services and court costs. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive insurance

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a bird, a tree branch falling on your vehicle, a broken windshield, vandalism and theft. The highest amount your car insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for bills for things like chiropractic care, X-ray expenses, nursing services and hospital visits. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Take this to the bank

Low-cost 2016 Mazda CX-5 insurance can be purchased on the web as well as from independent agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies don’t offer online quoting and these smaller companies work with independent agents.

In this article, we presented a lot of tips how to reduce insurance prices online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Drivers may discover the best price on insurance is with an unexpected company. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like State Farm and Allstate.

Additional insurance information can be read on the following sites: