2001 Mazda 626 Insurance Cost – 10 Discounts for Best Prices

Trying to find cheaper car insurance rates for your Mazda 626? No car owner is fond of buying car insurance, especially knowing it costs too dang much. Online insurance companies like State Farm, Farmers Insurance, Geico and Allstate increase brand awareness with catchy ads and it is challenging if not impossible to avoid their marketing magic and effectively compare rates to find the best deal.

You need to shop coverage around on a regular basis because insurance prices change frequently. Just because you found the best quotes on 626 coverage at your last renewal you can probably find a better rate now. You’ll find a ton of advice on car insurance on the web, but in just a couple of minutes you can learn some proven techniques to buy car insurance cheaper.

If you have a current insurance policy or are shopping for new coverage, you will benefit by learning to find better prices and possibly find even better coverage. Buying car insurance is not rocket science. Consumers just need to understand the proper way to compare company rates on the web.

How much does insurance cost?

Many insurance companies give prices for coverage from their websites. Comparing rates online is fairly straightforward because it’s just a matter of typing in your coverage information as requested by the quote form. When complete, their system collects credit information and your driving record and generates a price. This simplifies rate comparisons, but having to visit multiple sites and type in the same data is monotonous and tiresome. Unfortunately, it is important to have as many quotes as possible in order to find the best price on insurance.

Online rates the easy way

A better way to get multiple rate quotes uses one form to return rates from several different companies. It’s a real time-saver, eliminates repetitive work, and makes online quotes a little more enjoyable. As soon as you send your information, your coverage is rated and you can choose any or none of the pricing results.

If the quotes result in lower rates, you can click and sign and buy the policy. The entire process can be completed in a matter of minutes and you’ll know if lower rates are available.

If you want to compare pricing, simply click here to open in new window and enter your vehicle and coverage information. If you have your current policy handy, we recommend you copy the coverage information just like they are on your policy. This helps ensure you will have an apples-to-apples comparison using the same coverage and limits.

Lower-cost insurance coverage rates with discounts

Some providers do not advertise the complete list of policy discounts in an easy-to-find place, so we researched a few of the more well known and also the more inconspicuous credits that you can use to lower your rates. If you do not check that you are getting every discount available, you are just wasting money.

• ABS Brakes – Vehicles that have anti-lock braking systems prevent accidents and earn discounts up to 10%.
• Good Grades Discount – This discount can earn a discount of 20% or more. This discount can apply until age 25.
• Save over 55 – Older drivers are able to get a small decrease in premiums on 626 coverage.
• No Charge for an Accident – but companies like Allstate and Progressive will turn a blind eye to one accident without the usual rate increase so long as you haven’t had any claims for a certain period of time.
• Defensive Driving Course – Completing a class that teaches defensive driver techniques could earn you a small percentage discount and easily recoup the cost of the course.
• Student Driver Training – Teen drivers should take driver’s ed class in high school.
• Low Mileage – Maintaining low annual mileage may allow you to get substantially lower premium rates.
• Auto/Home Discount – If you have multiple policies with one insurance company you could get a discount of nearly 15% which can help you find inexpensive auto insurance.
• No Claims – Insureds who avoid accidents and claims can save substantially as opposed to policyholders that have many claims.
• Employee of Federal Government – Federal government employees could cut as much as 10% off on 626 coverage depending on your insurance coverage provider.

Just know that most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Just because it seems like you can get free auto insurance, you’re out of luck.

To see companies with discount insurance coverage rates, click here.

Tailor your car insurance coverage to you

When choosing coverage for your personal vehicles, there really is no perfect coverage plan. Every insured’s situation is different and a cookie cutter policy won’t apply. For example, these questions might point out if your situation may require specific advice.

• What if I owe more than I can insure my car for?
• Should I buy only the required minimum liability coverage?
• What can I do if my company won’t pay a claim?
• Do I need an umbrella policy?
• Do I need rental car coverage?
• Should I buy full coverage?
• Am I covered by my spouse’s policy after a separation?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

Is there truth in advertising?

Consumers constantly see and hear ads for cheaper car insurance by companies like 21st Century, Allstate and State Farm. They all seem to make the same claim about how much you will save after switching to them.

How can each company save you money? You have to listen carefully.

All companies can use profiling for the type of insured that will be a good risk. For example, this type of risk profile may be a married female, has a low-risk occupation, and has excellent credit. A driver who fits those characteristics will probably get cheap rates and most likely will save money with a new company.

Potential insureds who fall short of this stringent profile will get higher premium rates and this results in the customer buying from someone else. If you listen closely, the ads state “people that switch” not “all people who quote” save that much money. That is how companies can truthfully make the claims of big savings.

That is why it’s extremely important to do a rate comparison at every renewal. It is impossible to guess with any certainty which company will give you lower premium rates than your current company.

Insurance coverages 101

Having a good grasp of insurance can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types offered by insurance companies.

Collision coverages – Collision insurance covers damage to your 626 caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like sideswiping another vehicle, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive protection – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as vandalism, theft, falling objects and damage from flooding. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for bills such as hospital visits, chiropractic care and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2001 Mazda 626.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability insurance – This provides protection from damage that occurs to other people or property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for claims like repair costs for stationary objects, loss of income, pain and suffering, legal defense fees and medical services. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Save your hard earned cash

We covered some good ideas how to shop for 2001 Mazda 626 insurance online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Consumers could even find that the best car insurance rates are with a small local company. Regional companies can often provide lower premium rates in certain areas compared to the large companies like Progressive or Geico.

Cheaper insurance is possible both online as well as from insurance agents, so you need to quote auto insurance with both to have the best rate selection. Some insurance companies may not provide online rate quotes and most of the time these small, regional companies sell through local independent agencies.

For more information, link through to the following helpful articles:

• Information for Teen Drivers (Geico)
• Older Driver Statistics (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Bodily Injury Coverage (Liberty Mutual)