Lower Your 2016 Mazda CX-5 Car Insurance Cost

Searching for cheaper insurance coverage rates for your Mazda CX-5? No car owner looks forward to buying insurance coverage, in particular when they could find better prices if they shop around.

Lots of auto insurance companies contend for your hard-earned dollar, so it’s not easy to compare every insurer to find the best rate

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Choosing the best insurance company for you is easy if you know what you’re doing. Although car owners can benefit by having an understanding of the way insurance companies market insurance on the web and take advantage of how the system works.

How do insurers determine Mazda CX-5 insurance costs?

Many factors are part of the calculation when pricing auto insurance. Some factors are common sense like a motor vehicle report, although some other factors are more transparent such as your credit history or how financially stable you are.

• Better credit means lower prices – A driver’s credit history factor in determining what you pay for car insurance. People with very good credit scores tend to be more responsible and file fewer claims than those with poor credit. Therefore, if your credit could use some work, you could potentially save money when insuring your 2016 Mazda CX-5 by improving your credit score.
• Better drivers pay better costs – Being a careful driver impacts your car insurance rates tremendously. Good drivers receive lower rates than bad drivers. Having just one driving citation can increase the cost of insurance by as much as twenty percent. Drivers who have received careless citations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to prove financial responsibility to the state department of motor vehicles in order to legally drive.
• Where do you drive? – The more you drive each year the higher the price you pay to insure it. Most insurance companies charge rates determined by how the vehicle is used. Vehicles left parked in the garage receive better premium rates than vehicles that are driven to work every day. An improperly rated CX-5 is just wasting money. Ask your agent if your policy is rated on the correct usage, because improper ratings can cost you money.
• Policy add-ons may not be needed – Insurance companies have many extra bells and whistles that sound like a good idea at the time if you aren’t diligent. Add-on coverages like coverage for rental cars, high-cost glass coverage, and motor club memberships are probably not needed. They may sound like good ideas when buying your policy, but if you don’t need them get rid of them and save.
• Where you live is a factor – Choosing to live in less populated areas of the country is a positive aspect when it comes to car insurance. People in densly populated areas have more auto accidents and longer commutes to work. Lower population translates into fewer accident claims.
• Safety first – Cars with high safety ratings cost less to insure. Vehicles engineered for safety protect occupants better and fewer serious injuries translates directly to fewer claims and more competitive rates for policyholders.
• Discounts for GPS tracking and theft deterrents – Choosing to buy a car with advanced anti-theft systems can save you a little every year. Systems that thwart theives like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent car theft.

The best way to compare rate quotes is to take advantage of the fact all the major auto insurance companies allow for online access to provide you with a free rate quote. All consumers are required to do is provide details including if your license is active, the type of vehicles you drive, how you use your vehicles, and how much school you completed. That rating information is then submitted to many different companies and you should receive rate quotes very quickly.

To compare rates for your Mazda CX-5 now, click here and enter your zip code.

You may qualify for discounts

Some insurers do not advertise all available discounts in a way that’s easy to find, so the following list contains some of the best known and the more hidden credits that may apply to you.

• Government Employee Discount – Being employed by or retired from a federal job could provide a small rate reduction on CX-5 coverage with certain companies.
• Buy New and Save – Adding a new car to your policy can get you a discount because newer models are generally safer.
• Discounts for Multiple Vehicles – Having more than one vehicle on one policy can reduce the rates for all insured vehicles.
• Multi-policy Discount – If you have multiple policies and insure them both with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
• Paper-free Discount – Some of the larger companies will give a small break for completing your application on their website.
• Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school or through a local driver safety program.
• Passenger Safety Discount – Options like air bags or motorized seat belts can qualify for discounts of up to 25% or more.
• Club Memberships – Affiliation with qualifying clubs or civic groups could qualify you for a break on insurance coverage.

Policy discounts save money, but some of the credits will not apply to the entire policy premium. Most only cut specific coverage prices like comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, you aren’t that lucky.

For a list of providers with the best insurance coverage discounts, click here.

There’s no such thing as the perfect insurance policy

When buying the right insurance coverage for your vehicles, there really is no cookie cutter policy. Each situation is unique so your insurance should reflect that These are some specific questions can help discover if your insurance needs will benefit from professional help.

• Is there coverage for injuries to my pets?
• Why am I required to get a high-risk car insurance policy?
• Am I covered if I wreck a rental car?
• Do I have coverage when making deliveries for my home business?
• Do I have newly-aquired coverage?
• What if I don’t agree with a claim settlement offer?
• Does medical payments coverage apply to all occupants?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance 101

Having a good grasp of car insurance can be of help when determining the best coverages for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most car insurance policies.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as ambulance fees, dental work and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Collision insurance

This pays for damage to your CX-5 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as rolling your car, hitting a parking meter and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive protection

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

Comprehensive coverage pays for claims like damage from a tornado or hurricane, damage from flooding and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability coverage

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

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims such as loss of income, medical expenses, legal defense fees and emergency aid. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Uninsured or underinsured coverage

This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your 2016 Mazda CX-5.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally these coverages are identical to your policy’s liability coverage.

Power to the consumer

Affordable 2016 Mazda CX-5 insurance can be sourced online as well as from independent agents, and you should be comparing both to have the best selection. Some companies may not provide price quotes online and usually these small insurance companies prefer to sell through local independent agents.

As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. There are too many instances where someone dropped liability limits or collision coverage and discovered at claim time that they should have had better coverage. Your aim should be to purchase plenty of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

We’ve covered many ideas to get a better price on 2016 Mazda CX-5 insurance. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your rates. Consumers could even find that the best prices are with the smaller companies. These smaller insurers often have lower rates on specific markets than their larger competitors like State Farm, Geico and Nationwide.

Helpful resources

• Top Signs Your Brakes are Giving Out (State Farm)
• Coverage Information (Progressive Insurance)
• Bodily Injury Coverage (Liberty Mutual)
• Crash Avoidance Technologies FAQ (iihs.org)