1991 Mazda 626 Insurance Rates – 7 Tips to Save

Trying to find better insurance coverage rates for your Mazda 626? Paying for high-priced Mazda 626 insurance can dwindle your bank account and possibly require postponing other expenditures. Doing a price comparison is free, only takes a few minutes, and is a good way to ensure you are getting the best deal.

Vehicle owners have so many auto insurance companies to insure vehicles with, and although it’s a good thing to have a choice, so many choices can make it hard to find the best rates.

It is always a good idea to compare premium rates occasionally because insurance coverage prices trend upward over time. Just because you had the best deal for 626 insurance on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about insurance coverage because you’re about to learn how to use online quotes to save money, get proper deductibles and limits, all at the lowest rate.

Locating the cheapest insurance coverage coverage is not that difficult. Just about everyone who shops for insurance coverage will more than likely be able to find lower rates. Nevertheless, drivers must understand the way companies price insurance differently because it can help you find the best coverage.

More affordable rates by taking advantage of these seven discounts

Insurance can be prohibitively expensive, but there could be significant discounts that many consumers don’t even know exist. Some of these disounts will be visible when you get a quote, but a few need to be asked about before you will receive the discount. If you are not receiving all the discounts available, you are paying more than you should be.

• Multi-policy Discount – When you combine your auto and homeowners insurance and insure them with the same company you could get a discount of 10% to 20% off each policy.
• Student Discounts – Getting good grades may save you up to 25%. The discount lasts until age 25.
• Seat Belt Usage – Forcing all vehicle occupants to buckle up can save a little on the premium charged for medical payments and/or PIP.
• Homeowners Savings – Owning a house may earn you a small savings due to the fact that maintaining a home means you have a higher level of financial diligence.
• Early Signing – A few larger companies offer discounts for switching to them early. It’s a savings of about 10%.
• Distant Student – Older children who attend college more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
• Safety Course Discount – Participating in a course that instructs on driving safety can save you 5% or more depending on where you live.

One thing to note about discounts is that some credits don’t apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. Just because you may think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

A list of car insurance companies and a partial list of their discounts can be found below.

• American Family policyholders can earn discounts including early bird, air bags, good student, defensive driver, and multi-vehicle.
• State Farm may include discounts for safe vehicle, student away at school, multiple autos, passive restraint, driver’s education, and accident-free.
• 21st Century has savings for air bags, homeowners, anti-lock brakes, good student, early bird, and 55 and older.
• Travelers may offer discounts for good student, driver training, hybrid/electric vehicle, student away at school, multi-policy, and new car.
• Geico discounts include air bags, anti-theft, multi-policy, multi-vehicle, membership and employees, federal employee, and daytime running lights.

Before buying, ask every company to apply every possible discount. Discounts may not apply to policyholders in your area.

How much auto insurance do I need?

When choosing proper insurance coverage, there is no one size fits all plan. Every situation is different and your policy should reflect that. Here are some questions about coverages that may help you determine if your insurance needs might need professional guidance.

• Is my business laptop covered if it gets stolen from my vehicle?
• What if I don’t agree with a claim settlement offer?
• Does my insurance cover my expensive audio equipment?
• Do I need to file an SR-22 for a DUI in my state?
• Is my vehicle covered by my employer’s policy when using it for work?
• What are the financial responsibility laws in my state?
• Can I make deliveries for my home business?
• Are all vehicle passengers covered by medical payments coverage?
• Is upholstery damage covered by car insurance?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Can you really save if you switch?

Respected companies like Allstate and Progressive endlessly run ads in print and on television. All the companies advertise the message about savings just by moving your policy. Is it even possible that every company can charge lower premium rates? You have to listen carefully.

Insurance companies have specific characteristics for the type of insured that will be a good risk. For instance, a preferred risk might be described as over the age of 45, carries full coverage, and drives less than 7,500 miles a year. A customer getting a price quote who matches that profile will qualify for the lowest premium rates and is almost guaranteed to save quite a bit of money when switching.

Drivers who fall short of these standards may be required to pay higher premium rates and ends up with the customer not purchasing. If you listen closely, the ads state “customers who switch” but not “all drivers who get quotes” save that much when switching. That’s the way companies can make the claims of big savings.

That is why you absolutely need to compare price quotes frequently. You cannot predict with any certainty which company will have better car insurance rates than you’re paying now.

Auto insurance coverage information

Knowing the specifics of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages available from insurance companies.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as damage from getting keyed, a broken windshield, a tree branch falling on your vehicle and theft. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Liability insurance

Liability insurance protects you from damages or injuries you inflict on other’s property or people that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things such as medical expenses, loss of income and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for collisions

This will pay to fix damage to your 626 caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like damaging your car on a curb, sideswiping another vehicle and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for immediate expenses like ambulance fees, nursing services, EMT expenses, funeral costs and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Shop. Compare. Save.

Lower-priced insurance can be sourced on the web and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance companies do not provide online price quotes and most of the time these regional carriers provide coverage only through independent insurance agencies.

When buying insurance coverage, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where an insured cut uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. Your goal should be to purchase a proper amount of coverage at the best possible price, not the least amount of coverage.

Helpful articles

• Tools for Teen Driving Safety (State Farm)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Teen Driving Statistics (Geico)
• Safe Vehicles for Teens (iihs.org)
• Rollover Crash FAQ (iihs.org)