How Much Does 2002 Mazda MPV Insurance Cost?

Have you fallen victim to high-priced auto insurance? Say no more because many consumers feel financially strained by their auto insurance policy. Online insurance companies like GEICO and Progressive continually hit you with advertising and it can be hard to ignore the flying pigs and cute green geckos and do the work needed to find the best deal.

You should take the time to do price comparisons occasionally due to the fact that insurance prices trend upward over time. Even if you think you had the best quotes on MPV insurance last year you may be paying too much now. There is a lot of wrong information about auto insurance on the web, but in just a couple of minutes you can learn the easiest ways to put money back in your pocket.

Why you might pay inflated rates

Many things are used in the calculation when quoting car insurance. Some of the criteria are obvious like your driving record, but other criteria are less obvious like where you live or your financial responsibility.

Shown below are a few of the things companies use to determine your rate level.

  • Save money by eliminating extra policy coverages – There are a lot of additional extra coverages that you can get tricked into buying on your auto insurance policy. Insurance for things like coverage for rental cars, high-cost glass coverage, and additional equipment coverage are some examples. They may seem good when talking to your agent, but if you don’t need them consider taking them off your policy.
  • An active claims history can increase rates – If you file a lot of claims you shouldn’t be surprised to get higher premiums or even policy non-renewal. Auto insurance companies generally give the best rates to people who do not file claims often. Auto insurance is intended to be relied upon for the large, substantial claims.
  • lapses raise rates – Having an insurance coverage lapse will be a fast way to increase your auto insurance rates. And not only will insurance be more expensive, being ticketed for driving with no insurance could earn you a hefty fine and possibly a revoked license. You may need to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
  • Save money by having multiple policies – Many insurance companies will give lower prices to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount drivers will still want to check prices from other companies to make sure you are getting the best deal.
  • Men are more aggressive – Statistics demonstrate that females tend to be a little less risky than males. However, this does not mean males are worse at driving than females. Both sexes are responsible for accidents in similar percentages, but the male of the species tend to have higher claims. They also get ticketed for serious violations like driving under the influence (DUI).

Discounts for cheaper auto insurance quotes

Auto insurance is not an enjoyable expense, but you might find some hidden discounts that you may not know about. A few discounts will be applied when you get a quote, but a few must be requested specifically before you will receive the discount. If you are not receiving all the discounts possible, you are paying more than you should be.

  • Air Bags and Passive Restraints – Cars that have air bags and/or automatic seat belt systems may earn rate discounts as much as 30%.
  • Multi-policy Discount – When you combine your home and auto insurance with the same insurance company you could get a discount of up to 20% off your total premium.
  • Responsible Driver Discounts – Insureds who avoid accidents may receive a discount up to 45% on MPV insurance compared to rates paid by drivers with frequent claims.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to use a seat belt could save 15% on the premium charged for medical payments and/or PIP.
  • Auto/Life Discount – Not all insurance carriers offer life insurance, but some may give you a discounted auto insurance rate on car insurance if you buy life insurance.
  • Federal Employees – Federal government employees may reduce rates when you quote auto insurance on MPV insurance with some auto insurance companies.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.

Don’t be surprised that most credits do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like it’s possible to get free car insurance, that’s just not realistic.

The best auto insurance companies and some of the discounts can be found below.

  • State Farm may include discounts for good driver, Steer Clear safe driver discount, safe vehicle, passive restraint, good student, and student away at school.
  • GEICO policyholders can earn discounts including air bags, anti-theft, emergency military deployment, military active duty, and driver training.
  • SAFECO has savings for safe driver, teen safety rewards, anti-lock brakes, bundle discounts, and accident prevention training.
  • Farmers Insurance offers premium reductions for electronic funds transfer, bundle discounts, homeowner, distant student, and teen driver.
  • AAA has discounts for multi-car, anti-theft, pay-in-full, good student, AAA membership discount, good driver, and multi-policy.
  • USAA may offer discounts for loyalty savings, new vehicle, military installation, multi-policy, and good student.

If you are trying to find the cheapest auto insurance quotes, ask all the companies the best way to save money. Savings might not be offered in your area. If you would like to view companies that provide some of the discounts listed above, click here to view.

Tricks in insurance advertising

Consumers get pounded daily by advertisements that promise big savings from the likes of Progressive, Allstate and GEICO. All the companies convey the message that people will save if you move your insurance policy to them.

Is it even possible that every company can give you a better price? Here is the trick they use.

Insurance companies quote their best rates for the type of driver they prefer to insure. For instance, this type of insured might have to be over the age of 45, has never had a policy lapse, and drives less than 5,000 miles a year. A propective insured who meets those qualifications will probably get cheap rates and therefore will pay quite a bit less when switching companies.

Potential customers who do not fit the requirements will be charged a higher premium with the end result being the prospect going elsewhere. If you listen closely, the ads state “customers that switch” not “everybody who quotes” save the amount stated. That’s why companies can truthfully lure you into getting a quote. This really drives home the point why you need to get price quotes at each policy renewal. It’s just not possible to know with any certainty which company will give you lower rates than your current company.

You may need specialized insurance coverage coverage

When it comes to choosing the best insurance coverage coverage for your personal vehicles, there really is not a single plan that fits everyone. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions can aid in determining if your situation could use an agent’s help.

  • How do I buy GAP insurance?
  • Is there coverage for injuries to my pets?
  • Is my 2002 Mazda MPV covered for flood damage?
  • Is my Mazda MPV covered if I use it for business?
  • What if I owe more than I can insure my car for?
  • How can I get my company to pay me more for my totalled car?
  • I don’t drive much so do I pay less?
  • Should I rate my 2002 Mazda MPV as pleasure use or commute?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk 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. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance coverage breakdown

Having a good grasp of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and reading a policy is terribly boring. Shown next are typical coverage types found on most insurance policies.

Coverage for medical expenses

Med pay and PIP coverage kick in for bills like funeral costs, prosthetic devices, chiropractic care, surgery and rehabilitation expenses. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Coverage for uninsured or underinsured drivers

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your 2002 Mazda MPV.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Liability insurance

This coverage protects you from injuries or damage you cause to other people or property by causing an accident. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things such as bail bonds, medical expenses and legal defense fees. How much coverage you buy is up to you, but you should buy higher limits if possible.

Auto collision coverage

Collision insurance covers damage to your MPV resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as driving through your garage door, hitting a parking meter, damaging your car on a curb and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like fire damage, damage from a tornado or hurricane and damage from flooding. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Quote more, save more

You just learned many tips how you can reduce 2002 Mazda MPV insurance prices online. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable auto insurance. Drivers may discover the biggest savings come from an unexpected company. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Allstate, GEICO and Progressive.

Low-cost 2002 Mazda MPV insurance can be sourced both online and from local insurance agents, and you need to price shop both in order to have the best chance of saving money. A few companies don’t offer online rate quotes and usually these smaller providers provide coverage only through independent agencies.

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