Cheaper 2012 Mazda Mazda2 Car Insurance Cost

Looking for cheaper insurance rates for your Mazda Mazda2? No one in their right mind likes having to buy insurance, especially knowing their premiums are too high. Drivers have so many auto insurance companies to choose from, and although it’s nice to be able to choose, so many choices can make it hard to find the lowest rates.

It is always a good idea to take a look at other company’s rates quite often since insurance rates trend upward over time. Even if you think you had the best deal for Mazda2 insurance a couple years back there may be better deals available now. There is a lot of bad information regarding insurance on the web, but we’re going to give you the easiest ways to quit paying high insurance rates.

Why you might be paying too much to insure your Mazda Mazda2

Consumers need to have an understanding of the factors that come into play when calculating the rates you pay for insurance. Understanding what impacts premium levels allows you to make educated decisions that will entitle you to lower insurance prices.

The list below includes a partial list of the pieces companies use to determine prices.

  • Rural vs Urban Areas – Residing in a small town is a positive aspect when talking about insurance. Urban drivers have more traffic problems and a longer drive to work. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Men are more aggressive – Statistics show women are more cautious behind the wheel. However, this does not mean men are worse drivers. Men and women tend to get into accidents in similar numbers, but the males have costlier accidents. They also receive more costly citations such as reckless driving. Young males are the most expensive to insure and therefore are the most expensive to insure.
  • Safer occupants lowers premiums – Cars with high safety ratings are cheaper to insure. The safest vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company passed on to you as lower rates. If your Mazda Mazda2 is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Do you work long hours in a high stress job? – Occupations like judges, business owners and financial analysts are shown to have higher average rates attributed to stressful work requirements and lots of time spent at work. Conversely, jobs such as pilots, engineers and the unemployed pay the least for Mazda2 insurance.
  • Low deductibles can be expensive – Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Mazda. Some examples of claims that would be covered are running into the backend of another car, collision with an animal, and burglary. Deductibles for physical damage are how much you are required to spend out-of-pocket in the event of a claim. The more money the insured has to pay upfront, the less your insurance will be for Mazda2 insurance.
  • Do you need those extra coverages? – There are many add-on coverages that you can get tricked into buying when buying insurance. Insurance for rental car reimbursement, accidental death and additional equipment coverage may be costing you every month. These coverages may sound good when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • Multiple policies with one company can save – The majority of companies give discounts to customers who carry more than one policy in the form of a multi-policy discount. Even with this discount, you still need to shop around to confirm you are receiving the best rates possible. Consumers may find better rates by splitting coverages up.
  • Poor driving leads to higher costs – Your driving citation history has a lot to do with how much you pay for insurance. Drivers who don’t get tickets have lower premiums than their less careful counterparts. Even a single moving violation can bump up the cost forty percent or more. Drivers who have dangerous citations like DUI or reckless driving may need to submit a SR-22 form to the state department of motor vehicles in order to prevent a license revocation.

Take advantage of discounts

Insuring your vehicles can cost a lot, but there are discounts available that many people don’t even know exist. Larger premium reductions will be automatically applied when you complete an application, but a few need to be inquired about before they will apply. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Low Mileage Discounts – Keeping the miles down on your Mazda can qualify you for a substantially lower rate.
  • Early Switch Discount – Some insurance companies reward drivers for signing up before your current policy expires. It’s a savings of about 10%.
  • Military Discounts – Being deployed with a military unit could mean lower rates.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.
  • Good Student – This discount can save 20 to 25%. Earning this discount can benefit you up until you turn 25.
  • Federal Employees – Active or retired federal employment could cut as much as 10% off for Mazda2 insurance depending on your company.
  • Homeowners Savings – Simply owning a home can help you save on insurance coverage because owning a home shows financial diligence.
  • Discount for Life Insurance – Larger companies have better rates if you take out life insurance from them.
  • Passive Restraint Discount – Factory air bags or motorized seat belts may earn rate discounts of more than 20%.

It’s important to understand that some credits don’t apply the the whole policy. Most only apply to individual premiums such as physical damage coverage or medical payments. Even though it may seem like you can get free auto insurance, companies don’t profit that way. But all discounts will reduce the amount you have to pay.

To see a list of providers who offer insurance coverage discounts, click this link.

Beware of misleading auto insurance ads

Consumers get pounded daily by advertisements that promise big savings from the likes of State Farm and Allstate. All the companies say the same thing that you’ll save big if you change your coverage to them.

How does each company claim to save you money? This is how they do it.

Different companies are able to cherry pick for the right customer that makes them money. A good example of a profitable customer could be over the age of 50, has no prior claims, and chooses high deductibles. Any driver that hits that “sweet spot” is entitled to the best price and is almost guaranteed to cut their rates substantially.

Drivers who do not match the “perfect” profile will be quoted higher rates and this can result in the customer not buying. The ad wording is “people who switch” not “everybody who quotes” save money. That’s the way companies can truthfully make those claims.

This emphasizes why drivers should get as many comparisons as possible. Because you never know which company will fit your personal profile best.

How to know if you need help

When choosing the right insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions may help highlight if you would benefit from professional advice.

  • Which is better, split liability limits or combined limits?
  • Am I covered if I hit my neighbor’s mailbox?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What exactly is covered by my policy?
  • Are my friends covered when driving my 2012 Mazda Mazda2?
  • Why does it cost so much to insure a teen driver?
  • Does coverage extend to a rental car in a foreign country?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Do I need motorclub coverage?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance coverage breakdown

Knowing the specifics of car insurance helps when choosing which coverages you need for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average car insurance policy.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2012 Mazda Mazda2.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for immediate expenses such as prosthetic devices, X-ray expenses and nursing services. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive protection – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like falling objects, rock chips in glass, damage from getting keyed, damage from a tornado or hurricane and vandalism. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims like backing into a parked car, hitting a parking meter, crashing into a ditch, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Liability coverages – Liability coverage protects you from damage that occurs to other people or property. It protects you against claims from other people, and does not provide coverage for 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 policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like repair costs for stationary objects, pain and suffering, structural damage and attorney fees. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Have the Midas touch

Lower-priced 2012 Mazda Mazda2 insurance can be found from both online companies and also from your neighborhood agents, and you should be comparing both to have the best chance of lowering rates. A few companies may not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

In this article, we presented a lot of techniques to lower your insurance rates. The key thing to remember is the more quotes you get, the better chance you’ll have of finding lower rates. You may even discover the most savings is with a smaller regional carrier. They can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

When shopping online for insurance, don’t be tempted to buy poor coverage just to save money. In many cases, an accident victim reduced liability limits or collision coverage to discover at claim time that they should have had better coverage. Your aim should be to find the BEST coverage at the best price.

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