Cheaper 2014 Mazda 5 Insurance Rates

Having to pay for expensive Mazda 5 insurance can drain your personal savings and force you to prioritize other expenses. Doing a price comparison is recommended to lower your monthly bill.

There are many insurance companies to choose from, and although it’s nice to have a selection, it makes it harder to compare rates and find the lowest cost car insurance.

Smart consumers take time to get comparison quotes before your policy renews because car insurance rates change regularly. If you had the lowest rate on 5 coverage a couple years back other companies may now be cheaper. Forget all the misinformation about car insurance because you’re about to find out one of the best ways to find the best coverage while lowering your premiums.

Discounts for cheap insurance rates

Properly insuring your vehicles can get expensive, but you might find some hidden discounts that you may not even know about. Larger premium reductions will be automatically applied at the time of purchase, but a few must be requested specifically before they will apply.

  • Accident Forgiveness – but some insurance companies permit an accident before raising your premiums so long as you haven’t had any claims for a specific time period.
  • Save over 55 – If you qualify as a senior citizen, you may qualify for a small decrease in premiums on 5 coverage.
  • Student Discounts – Maintaining excellent grades can get you a discount of up to 25%. The discount lasts until age 25.
  • Discount for Life Insurance – Insurance companies who offer life insurance give a break if you buy life insurance from them.
  • Government Employee Discount – Federal government employees can earn a discount up to 10% on 5 coverage with certain companies.
  • Telematics Devices – Drivers who elect to allow their insurance company to monitor driving habits remotely such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction as long as they are good drivers.

As is typical with insurance, most of the big mark downs will not be given to the overall cost of the policy. A few only apply to individual premiums such as liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, it just doesn’t work that way.

To view insurance companies who offer free insurance quotes, click here to view.

Six tips to get lower-cost insurance premiums

Lots of factors are considered when premium rates are determined. Most are fairly basic such as your driving history, but other factors are more transparent like your vehicle usage or how safe your car is.

Shown below are a few of the “ingredients” used by companies to determine your rate level.

  • lapses raise rates – Having an insurance coverage lapse will be a fast way to pay more for insurance coverage. Not only will you pay more, the inability to provide proof of insurance might get you fines or a revoked license.
  • Premiums are high for teenagers – Older drivers have been proven to be more responsible, are lower risk to insure and are safer drivers.Young drivers have a tendency to be careless and easily distracted behind the wheel so insurance coverage rates are higher.
  • GPS tracking and theft deterrents lowers premiums – Selecting a car model with a theft deterrent system can help lower your premiums. Systems that thwart theives like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart vehicle theft.
  • Big cities mean more claims – Choosing to live in a rural area can save you money when trying to find low car insurance rates. Drivers who live in large cities tend to have more road rage incidents and longer commute times. Fewer drivers corresponds to lower accident rates and a lower car theft rate.
  • Add-on coverages push up rates – There are many optional add-on coverages that can waste your money on your 5 policy. Add-on coverages like coverage for rental cars, towing, and extra equipment coverage may be costing you every month. You may think they are a good idea when discussing your needs, but your money might be better spent on other coverage so get rid of them and save.
  • Use credit responsibly and save – Credit score is a large factor in determining your rates. People with excellent credit tend to be less risk to insure as compared to drivers with lower ratings. If your credit rating can use some improvement, you could save money insuring your 2014 Mazda 5 by spending a little time repairing your credit.

You may need specialized car insurance coverage

When buying proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether you might need professional guidance.

  • Do I need replacement cost coverage?
  • Should I put collision coverage on all my vehicles?
  • Am I getting all the discounts available?
  • Can I afford to buy a different vehicle if my 2014 Mazda 5 is totaled?
  • What is UM/UIM insurance?
  • How much underlying liability do I need for an umbrella policy?
  • When can my company non-renew my policy?
  • How can I get my company to pay me more for my totalled car?
  • Is other people’s property covered if stolen from my vehicle?

If you’re not sure about those questions but one or more may 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.

Insurance coverages 101

Knowing the specifics of your policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages offered by insurance companies.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for expenses for doctor visits, EMT expenses and surgery. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive coverages – This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, vandalism, falling objects, damage from flooding and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverages – This coverage pays for damage to your 5 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like damaging your car on a curb, sustaining damage from a pot hole, hitting a parking meter and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Auto liability – This coverage will cover damage that occurs to other people or property in an accident. This coverage protects you from legal claims by others, 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. Your policy might show policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, 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, repair costs for stationary objects, emergency aid, funeral expenses and pain and suffering. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Compare but don’t skimp

We just covered a lot of techniques to shop for 2014 Mazda 5 insurance online. It’s most important to understand that the more quotes you get, the better likelihood of getting cheap car insurance. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, Geico and Progressive.

As you shop your coverage around, it’s not a good idea to reduce needed coverages to save money. There have been many cases where consumers will sacrifice liability limits or collision coverage only to regret that it was a big mistake. The ultimate goal is to find the BEST coverage for the lowest price, not the least amount of coverage.

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Comments About 2014 Mazda 5 Insurance

  1. Darryl Ashley

    In Indianapolis, IN, State Farm is a good choice. Moved home policy as well. They have free quotes online.

  2. Merri Galloway

    Not sure if this is cheap. I’m from Newark, DE. Got car insurance rates from Travelers, American Family, Hartford, and MetLife for my 2014 Mazda 5 and I think I cut my rates about $20 each month. Was with The General. Have a couple speeding tickets too. LOL

  3. Evelina Mccoy

    Affordable car insurance is a myth. Checking in from Rochester, NY. Quoted with American Family, MetLife, and a few others for my 5 and saved $244 a year. Have a couple speeding tickets too.

  4. Karyl Butler

    Does New Mexico require a SR-22 after a DUI?

  5. Latasha Cox

    Located in Knoxville, Tennessee. Checked online prices for a 2014 Mazda 5. Ended up at about $170 savings annually. Went with GEICO. BTW speeding tickets are not good.

  6. Darnell Fleming

    I live west of Denver, Colorado. Quoted with Travelers, Amica, Liberty Mutual, and Sentry for my Mazda and saved just over $160 a year.

  7. Everett Porter

    Lifelong resident of Gaithersburg, MD. Quoted with American Family, Nationwide, and some smaller one I can’t remember the name of for my 2014 Mazda 5 and saved about $240 a year. Left AAA to switch. I have several vehicles insured with them. I used their website to get prices.

  8. Amee Mcintyre

    Enjoyed the article. Checking in from Columbus, GA. Quoted quotes with Hanover, Auto-Owners, Safeco, and a couple others for my Mazda and saved about $350 a year. Left Liberty Mutual to switch. I get lower rates because of my clean driving record.

  9. Stefanie Tanner

    I’ve bought from GEICO forever. Cheapest rates in Tampa, FL.