View 2006 Mazda 5 Insurance Rates

Searching for the cheapest insurance rates for your Mazda 5? Tired of sacrificing to pay high insurance rates every month? You are no different than many other drivers.

You have so many insurers to pick from, and although it’s a good thing to have a selection, it can be more difficult to find the lowest cost provider.

Choosing the best insurance company for you is quite easy. Basically, every driver who shops for insurance most likely will be able to reduce their rates. But vehicle owners need to learn how the larger insurance companies market on the web and apply this information to your search.

Buy insurance online

When comparison shopping, there are several ways to obtain and compare prices from lots of insurance companies. One of the best ways to comparison shop involves getting comparison quotes online. This is very easy and can be done in a couple minutes as outlined below.

1. The fastest way to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This style of form eliminates the need for a different quote for each price estimate. A single form will get you rate comparisons from several companies.
2. A harder way to find lower rates consists of visiting the website for every company you want to comare and repeat the quote process again and again. For sake of this example, we’ll assume you want comparison quotes from USAA, Safeco and Liberty Mutual. You would be required to spend time on each company’s site and enter your information, which can be really labor intensive.

   For a handy list of car insurance company links in your area, click here.

3. The old school way to compare price estimates is driving around to each insurance agency near you. Buying insurance online eliminates this option unless your situation requires the peace of mind that can only be provided by a licensed insurance agent. Drivers can get prices online but have a local agent actually write the policy.

It doesn’t matter which method you choose, just ensure you are comparing identical quote data for each price quote. If you enter unequal deductibles or liability limits it’s not possible to make a fair rate comparison. Quoting even small variations in limits can make a big difference in price. Just keep in mind that having more price comparisons will increase your chances of finding better pricing.

Don’t assume everyone needs the same auto insurance coverage

When it comes to choosing coverage, there really is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. For instance, these questions can help discover whether you will benefit from professional help.

• What is high-risk coverage and where do I buy it?
• Do all my vehicles need collision coverage?
• Does coverage extend to Mexico or Canada?
• Am I covered if I break a side mirror?
• Can I rate high risk drivers on liability-only vehicles?
• Can I rent a car in Mexico?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Am I covered if I wreck a rental car?
• Does my policy pay for OEM or aftermarket parts?
• How high should my medical payments coverage be?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Car insurance 101

Having a good grasp of your policy helps when choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the usual coverages offered by car insurance companies.

Liability insurance

Liability coverage can cover damages or injuries you inflict on people or other property. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like medical expenses, loss of income and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Comprehensive coverage

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

Comprehensive coverage pays for things such as hitting a deer, hail damage, falling objects, rock chips in glass and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for expenses for surgery, pain medications, funeral costs, X-ray expenses and prosthetic devices. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mazda 5.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with another moving vehicle, scraping a guard rail, damaging your car on a curb, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible to get cheaper collision coverage.