Save Money on Mazda 5 Insurance in Sacramento

Insurance quote for Mazda 5 in SacramentoTruthfully, the best way to find affordable auto insurance rates is to compare quotes once a year from companies in Sacramento. You can compare rates by following these guidelines.

  1. Spend some time learning about how companies set rates and the factors you can control to drop your rates. Many rating factors that increase rates such as inattentive driving and your credit history can be controlled by paying attention to minor details. Continue reading for the details to find cheap prices and get discounts that may be overlooked.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agencies can quote rates for a wide range of companies.
  3. Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you find a better price and change companies, make sure there is no coverage gap between policies.

A good tip to remember is to use the same liability limits and deductibles on each quote request and and to get price quotes from as many different insurance providers as possible. This guarantees an accurate price comparison and a complete selection of prices.

It’s easy to assume that auto insurance companies don’t want customers comparing rates. Insureds who get price quotes annually are highly likely to switch insurance companies because they have good chances of finding a lower-priced policy. Surprisingly, a recent survey revealed that consumers who compared price quotes annually saved over $865 annually compared to drivers who never shopped around for better prices.

If finding the most affordable Mazda 5 insurance is why you’re reading this, understanding how to choose a company and compare insurance rates can make shopping around easier.

Finding the cheapest auto insurance coverage in Sacramento can really be easy if you know what you’re doing. If you have insurance now, you will most likely be able to reduce the price you pay using the following tips. Smart shoppers only have to learn the tricks to compare insurance rates instantly.

The majority of larger companies give coverage prices from their websites. Getting quotes for Mazda 5 insurance in Sacramento is pretty easy as you simply enter your personal and coverage information into a form. Behind the scenes, their rating system pulls credit information and your driving record and generates a price based on the information you submitted.

The ability to get online price quotes for Mazda 5 insurance in Sacramento makes comparing rates easy, and it’s also necessary to do this if you want to get a lower rate.

In order to find out how much you’re overpaying now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend that you enter the coverage information exactly as they are listed on your policy. Using the same limits helps guarantee you will receive rate comparison quotes for exact coverage.

The auto insurance companies shown below are ready to provide free rate quotes in California. To find cheaper auto insurance in CA, we suggest you click on several of them in order to get a fair rate comparison.

Choosing 5 insurance is an important decision

Despite the high insurance cost for a Mazda 5 in Sacramento, paying for car insurance may not be optional for several reasons.

The benefits of insuring your 5 more than cancel out the cost, especially for larger claims. As of last year, the average driver in California overpays more than $869 every year so you should quote and compare rates every year to be sure current rates are still competitive.

Mazda 5 coverage analysis

The price information displayed below showcases different insurance prices for Mazda 5 models. Understanding more about how insurance policy premiums are calculated is important for you to make smart policy decisions.

Mazda 5 Insurance Rates in Sacramento, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $158 $306 $424 $26 $128 $1,042 $87
5 Touring Station Wagon $182 $372 $424 $26 $128 $1,132 $94
5 Grand Touring Station Wagon $182 $372 $424 $26 $128 $1,132 $94
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in specific garaging location which can modify auto insurance rates greatly.

Policy deductible comparison

When comparing car insurance rates, the most common question is where to set your physical damage deductibles. The premium rates below sum up how much more rates are between low and high coverage deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.

Mazda 5 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $298 $472 $376 $22 $112 $1,305 $109
5 Touring Station Wagon $342 $576 $376 $22 $112 $1,453 $121
5 Grand Touring Station Wagon $342 $576 $376 $22 $112 $1,453 $121
Get Your Own Custom Quote Go

Mazda 5 insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $184 $298 $376 $22 $112 $992 $83
5 Touring Station Wagon $210 $362 $376 $22 $112 $1,082 $90
5 Grand Touring Station Wagon $210 $362 $376 $22 $112 $1,082 $90
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can raise or lower prices noticeably.

Based on the figures above, using a $250 deductible could cost the average driver approximately $29 more each month or $348 annually across all Mazda 5 models than choosing the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 26 months between claims, you would come out ahead if you opt for a higher deductible. The table below illustrates a better example of how you can come to your own conclusion.

Average monthly premium for $250 deductibles: $117
Average monthly premium for $1,000 deductibles (subtract): – $88
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

Gender differences in car insurance premiums

The information below shows the difference between Mazda 5 insurance premiums for male and female drivers. The premiums assume no violations or accidents, full physical damage coverage, $500 deductibles, single status, and no discounts are applied.

Price comparison of only insuring for liability

The information below shows the difference between Mazda 5 insurance costs with full coverage compared to only the California minimum liability coverage. The premium estimates are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There isn’t a steadfast formula for eliminating full coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Mazda 5 settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after the deductible is paid. If it’s costing you more than $200 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some cases where removing full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Eight discounts for cheap auto insurance rates

Not too many consumers would say auto insurance is affordable, but there’s a good chance there are discounts that can drop the cost substantially. Many of these discounts will be applied automatically when you complete an application, but a few must be specially asked for prior to getting the savings.Save money with discounts

One last thing about discounts, most credits do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

The information below shows the comparison of Mazda 5 insurance prices with and without discounts applied to the rates. The premiums are based on a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, homeowner, marriage, and multi-car discounts applied.

A list of auto insurance companies and some of the premium reductions they offer are included below.

Double check with each company which discounts they offer. All car insurance discounts may not apply to policies in Sacramento. To see providers with discount auto insurance rates in Sacramento, click here to view.

Get rate quotes but still have a local Sacramento insurance agency

Many drivers would prefer to buy from a licensed agent and doing that can be a smart decision Insurance agents are highly skilled in risk management and help submit paperwork. One of the best bonuses of getting free rate quotes online is that drivers can save money and get the best rates and still have a local agent.

Insurance agents in SacramentoTo find an agent, once you fill out this simple form, your information is submitted to agents in your area who will gladly provide quotes for your insurance coverage. You won’t even need to leave your computer because prices are sent immediately to your email address. If you have a need to quote rates from a specific company, you can always visit that company’s website and give them your coverage information.

Picking the best insurer should depend on more than just the quoted price. Get answers to these questions too.

Types of auto insurance agents in Sacramento

If you are searching for a local Sacramento insurance agent, it’s important to understand the different types of agents and how they are slightly different. Car insurance agencies can be categorized as either independent agents or exclusive agents depending on their employer. Either can sell and service car insurance coverage, but we need to point out how they differ since it could factor into your agent selection.

Exclusive Agencies

Agents of this type write business for a single company like American Family, State Farm, and AAA. Exclusive agents cannot compare other company’s rates so they have no alternatives for high prices. These agents are highly trained on their products and sales techniques which helps them compete with independent agents. Many people use the same agent mostly because of loyalty to the company and solid financial strength.

The following are Sacramento exclusive agents willing to provide comparison quotes.

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Independent Agents

Independent agents often have affiliation with several companies and that gives them the ability to insure through many different car insurance companies and find you cheaper rates. To move your coverage to a new company, an independent agent can move your coverage and you don’t have to switch agencies.

When shopping rates, you absolutely need to get quotes from independent agents to have the best price comparison. Most also write with less well-known companies which can save you money.

Below are Sacramento independent insurance agencies that are able to give comparison quotes.

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Car insurance policy specifics

Knowing the specifics of your car insurance policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for short-term medical expenses for ambulance fees, surgery, dental work, nursing services and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Collision coverage – This pays for damage to your 5 caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like sideswiping another vehicle, hitting a mailbox, crashing into a ditch, sustaining damage from a pot hole and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible on your 5 to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law (which is 15/30/5), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability coverages – This coverage will cover damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 15/30/5 that means you have a limit of $15,000 per injured person, a per accident bodily injury limit of $30,000, and property damage coverage for $5,000.

Liability coverage protects against things like pain and suffering, medical services and medical expenses. How much coverage you buy is your choice, but buy as much as you can afford. California state law requires minimum liability limits of 15/30/5 but you should think about purchasing more liability than the minimum.

The next chart demonstrates why buying low liability limits may not be high enough to cover claims.

Comprehensive insurance – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a broken windshield, rock chips in glass, a tree branch falling on your vehicle and theft. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

A conclusion for your insurance search

When trying to cut insurance costs, it’s very important that you do not reduce needed coverages to save money. There have been many situations where someone dropped physical damage coverage only to regret at claim time that it was a big mistake. Your goal is to purchase plenty of coverage at the best cost, not the least amount of coverage.

Some insurance companies may not offer online quoting and many times these regional carriers work with local independent agencies. Cheaper insurance in Sacramento is attainable on the web in addition to local insurance agencies, so you should be comparing quotes from both to have the best selection.

We covered quite a bit of information on how to find cheaper Mazda 5 insurance in Sacramento. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding low cost Sacramento auto insurance quotes. Consumers could even find that the most savings is with some of the lesser-known companies.

To learn more, link through to the resources below: