2012 Mazda Mazdaspeed 3 Insurance Rates – 7 Tips for Cheaper Quotes

Trying to find better insurance coverage rates for your Mazda Mazdaspeed 3? Paying for high-priced Mazda Mazdaspeed 3 insurance can sap your family’s budget and force you to tighten up your finances. Price shopping at each renewal is a great way to slash your bill and have more diposable income.

Numerous insurance companies battle to insure your vehicles, and it can be difficult to compare rates to find the lowest price

If you currently have car insurance, you should be able to cut costs considerably using these tips. Choosing the best insurance company for you is quite easy. But drivers need to have an understanding of the methods companies use to sell online because it can help you find the best coverage.

Which car insurance is cheapest?

There are a lot of ways to compare car insurance quotes, but there is one way that is more efficient than others. You can spend your afternoon driving to insurance agencies in your area, or you could save time and use online quotes for quick rates.

Many popular insurance companies enroll in a system where prospective buyers submit their information once, and at least one company then returns a price quote based on that data. This saves time by eliminating form submissions to each individual car insurance company.

To compare pricing click here (opens in new window).

The one downside to comparing rates this way is buyers cannot specifically choose the providers to get quotes from. If you wish to select individual companies to compare, we have assembled a list of companies who write car insurance in your area. Click to view list.

Whichever way you use, be certain you are entering identical coverages with each company. If you have different liability limits it’s impossible to make a fair comparison for your Mazda Mazdaspeed 3. Just slight variations in limits could skew the results. And when price shopping your coverage, comparing more company’s prices provides better odds of finding better pricing.

Cheaper rates with these seven discounts

The price of auto insurance can be rather high, but there’s a good chance there are discounts that can help lower your rates. Certain credits will be shown at the time of purchase, but occassionally some discounts must be inquired about before being credited. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save 10% or more off the medical payments premium.
  • E-sign – Some of the larger companies may give you up to $50 for completing your application online.
  • Sign Early and Save – Some insurance coverage companies provide a discount for switching to them prior to your current policy expiration. Ten percent is about the average savings.
  • Buy New and Save – Insuring a vehicle that is new can save you some money since new model year vehicles are generally safer.
  • Payment Discounts – By paying your policy upfront rather than paying in monthly installments you can actually save on your bill.
  • Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.
  • Own a Home and Save – Owning a home can get you a discount because it is proof of financial responsibility.

You can save money using discounts, but most discounts do not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, insurance coverage companies aren’t that generous.

Larger insurance coverage companies and a summarized list of policyholder discounts are detailed below.

  • Progressive discounts include continuous coverage, multi-vehicle, multi-policy, online signing, and good student.
  • The Hartford offers discounts including air bag, bundle, vehicle fuel type, defensive driver, good student, driver training, and anti-theft.
  • Mercury Insurance offers premium reductions for type of vehicle, good driver, ease of repair, anti-theft, low natural disaster claims, accident-free, and age of vehicle.
  • GEICO includes discounts for multi-vehicle, military active duty, membership and employees, defensive driver, and good student.
  • AAA may have discounts that include good driver, pay-in-full, good student, multi-policy, and multi-car.
  • State Farm may include discounts for defensive driving training, multiple policy, multiple autos, passive restraint, and safe vehicle.

Before purchasing a policy, check with all the companies how many discounts you can get. All car insurance discounts might not be offered in your state. To see a list of insurance companies that can offer you the previously mentioned discounts, click here.

What is the best auto insurance coverage?

When choosing the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Each situation is unique so this has to be addressed. For example, these questions could help you determine whether your personal situation might need an agent’s assistance.

  • When should I not file a claim?
  • Is my babysitter covered when using my vehicle?
  • When should I buy a commercial auto policy?
  • Do I have any recourse if my insurance company denies a claim?
  • How much liability do I need to cover my assets?
  • Can I afford to buy a different vehicle if my 2012 Mazda Mazdaspeed 3 is totaled?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Auto insurance 101

Having a good grasp of your policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Collision coverage protection

This pays for damage to your Mazdaspeed 3 caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like damaging your car on a curb, hitting a parking meter and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Liability car insurance

This coverage can cover damage or injury you incur to people or other property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things such as bail bonds, emergency aid, medical services, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as nursing services, hospital visits, EMT expenses and surgery. They are utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, theft and hail damage. The maximum payout your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Comments About 2012 Mazda Mazdaspeed 3 Insurance

  1. Fredric Copeland

    I drive uninsured.

  2. Valda Wilkinson

    Cheap car insurance? What’s that? Got a quote with Allstate for my Mazdaspeed 3 and saved around $530 a year.

  3. Melodi Jackson

    GEICO has the cheapest rates in Indiana. No comparison.

  4. Veta Evans

    Corporate greed I’m telling you. From Bangor, ME. I quoted with 21st Century, Farmers, and Hanover for my Mazdaspeed 3 and saved around $400 a year.

  5. William Pena

    Cheap is relative. Quoted with MetLife for my Mazdaspeed 3 and saved about $570 a year. Just waiting to see how claims go.

  6. Laurena Kline

    Does Oklahoma require liability coverage?

  7. Cinthia Walls

    I can’t pay high rates. I’m in the north part of Springfield, MO. Compared rates from a lot of places. Saved darn near $60 a month. State Farm was the most affordable for me. I have a couple other vehicles on the policy.

  8. Calandra Dejesus

    What are minimum liability limits required in Montana?

  9. Krystal Campos

    I drive uninsured.

  10. Isiah Dudley

    I live just to the south of Davenport, Iowa. Quoted quotes from GEICO, American Family, Erie, and Liberty Mutual for my Mazdaspeed 3 and saved about $310 a year. Still almost need a second mortgage.

  11. Julius Medina

    Nice info. I live on the west side of Baton Rouge, LA. I compared lots of rates. Saved right around $40 a month. State Farm was the most affordable for me. Insured with Western Auto Insurance before. Wish I didn’t have to insure at all.

  12. Eric Ingram

    I went with Progressive at renewal. Best rates in Las Cruces, NM. Left MetLife to switch.