2001 Mazda 626 Car Insurance Rates – 8 Tips for Cheaper Quotes

Want the cheapest car insurance rates for your Mazda 626? Sick and tired of robbing Peter to pay Paul to insure your Mazda every month? You’re in the same situation as the majority of other car owners.

Because you have many insurance providers from which to choose, it can be challenging to locate the most affordable insurer.

The purpose of this article is to teach you how to get online quotes and some tricks to saving. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these tips. Nevertheless, vehicle owners can benefit from knowing how companies price online insurance and use this information to your advantage.

Lots of discounts mean lots of savings

Insurance can cost an arm and a leg, but you can get discounts to reduce the price significantly. Some trigger automatically at the time of quoting, but a few need to be asked for before you will receive the discount.

  • Good Student – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Student in College – Any of your kids living away from home attending college and do not have a car may qualify for this discount.
  • Low Mileage Discounts – Keeping the miles down on your Mazda could be rewarded with discounted rates on garaged vehicles.
  • Paperless Signup – A handful of insurance companies give back up to $50 for buying a policy and signing up on their website.
  • Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates for 626 coverage than their less cautious counterparts.
  • Accident Forgiveness – A few companies allow you one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
  • Payment Method – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Bundle and Save – When you have multiple policies with the same company you may earn at least 10% off all policies.

A little note about advertised discounts, many deductions do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you could get a free insurance policy, you’re out of luck. But all discounts will bring down your overall premium however.

To see a list of insurers with discount insurance rates, click this link.

Compare Insurance Coverage Costs

To find the best insurance coverage prices, there are several ways to get quotes from different insurance companies. The easiest way by far to find the lowest 2001 Mazda 626 rates consists of shopping online. It is quite easy and can be accomplished using a couple different methods.

  • The easiest and least time consuming way to find the lowest comparison rates would be an industry-wide quote request form (click to open form in new window). This form saves time by eliminating separate quotes for every insurance coverage company. A single, simple form gets you price quotes from multiple companies.
  • A more time consuming way to compare rate quotes requires a trip to the website for every company you want to comare and complete a new quote form. For sake of this example, let’s say you want comparison quotes from Geico, Safeco and Travelers. To find out each rate you need to go to every website to input your insurance information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  • The most time-consuming method to get comparison rates is to drive around to different agent offices. The internet can eliminate the need for a local agent unless you want the professional guidance of a licensed agent. Drivers can compare the best prices online and still use a local agent and we’ll cover that in a bit.

Whichever way you use, make sure you use apples-to-apples information on every quote. If the quotes have different deductibles then you won’t be able to determine the best price for your Mazda 626. Having just a slight variation in coverage limits can make a big difference in price. It’s important to know that having more price comparisons provides better odds of finding a lower rate.

Situations that might require an agent

When it comes to choosing coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique so your insurance needs to address that. These are some specific questions might point out whether you will benefit from professional help.

  • Does medical payments coverage apply to all occupants?
  • Do I pay less if my vehicle is kept in my garage?
  • Can I drive in Mexico and have coverage?
  • Should I sign the liability waiver when renting a car?
  • Is my camper covered by my car insurance policy?
  • Is pleasure use cheaper than using my 2001 Mazda 626 to commute?
  • How much liability insurance is required?
  • Do I have newly-aquired coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered if I drive in a foreign country?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area.

The car insurance bait and switch

Car insurance companies such as Progressive, Allstate and Geico regularly use ads in print and on television. They all seem to have a common claim about savings if you move to their company. How can each company say the same thing?

Insurance companies have a preferred profile for the right customer they prefer to insure. A good example of a profitable customer might be profiled as between 30 and 50, insures multiple vehicles, and has a short commute. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and therefore will pay quite a bit less when switching companies.

Consumers who don’t meet this ideal profile will be charged higher prices which usually ends up with the customer not buying. The ad wording is “people who switch” not “everybody who quotes” save money. That is how companies can truthfully advertise the savings.

That is why drivers must get as many quotes as possible. It is impossible to predict which company will fit your personal profile best.

Auto insurance coverage basics

Having a good grasp of auto insurance aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy. These are typical coverage types offered by auto insurance companies.

Comprehensive coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from a tornado or hurricane, damage from flooding and damage from getting keyed. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability

Liability insurance can cover damage that occurs to a person or their property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like funeral expenses, pain and suffering, attorney fees, bail bonds and structural damage. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Collision coverage

Collision coverage will pay to fix damage to your 626 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims like scraping a guard rail, crashing into a building, colliding with another moving vehicle, hitting a mailbox and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like rehabilitation expenses, hospital visits, ambulance fees and funeral costs. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Mazda 626.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

A fool and his money are soon parted

In this article, we presented some good ideas how you can get a better price on 2001 Mazda 626 insurance. It’s most important to understand that the more providers you compare, the higher the chance of saving money. You may be surprised to find that the best prices are with a lesser-known regional company. Regional companies can often insure niche markets at a lower cost compared to the large companies like Progressive and Geico.

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. Too many times, an insured cut full coverage only to regret at claim time that it was a big error on their part. Your aim should be to purchase plenty of coverage at the best price while still protecting your assets.

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