2002 Mazda Protege5 Insurance Rates

Want the cheapest auto insurance rates for your Mazda Protege5? Are you sick and tired of paying out the nose to buy auto insurance? You are no different than most other drivers. Companies like GEICO, Farmers Insurance and State Farm continually bombard you with catchy ads and it is difficult to ignore the propoganda and take the time to shop coverage around.

If you have insurance now or need new coverage, you can use these techniques to find better prices while maximizing coverage. Finding affordable coverage is quite easy. Consumers just need to know the proper methods to get comparison quotes on the web.

Earn discounts to get lower-cost car insurance quotes

Properly insuring your vehicles can get expensive, but you may be missing some discounts that you may not even be aware of. Many discounts should be triggered when you get a quote, but once in a while a discount must be manually applied before being credited.

  • Defensive Driving Course – Taking part in a defensive driver course may get you a small discount and make you a better driver.
  • No Charge for an Accident – This isn’t a discount exactly, but some insurance companies will allow you to have one accident before raising your premiums if your claims history is clear prior to the accident.
  • Buy New and Save – Adding a new car to your policy can cost up to 25% less because newer models keep occupants safer.
  • Theft Deterent – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and earn discounts up to 10% off your auto insurance quote.
  • Discounts for Multiple Vehicles – Drivers who insure multiple vehicles on one policy can get a discount on all vehicles.
  • Renewal Discounts – Some car insurance companies provide a discount for buying a new policy before your current policy expires. It’s a savings of about 10%.
  • Drive Less and Save – Maintaining low annual mileage can qualify you for slightly better prices than normal.
  • Drivers Ed for Students – It’s a good idea to have your young drivers sucessfully take a drivers education course if offered at their school.

Don’t be shocked that many deductions do not apply the the whole policy. Most cut the cost of specific coverages such as comp or med pay. So even though you would think you would end up receiving a 100% discount, companies don’t profit that way. But any discount will positively reduce your car insurance premiums.

To find companies with discount rates, click here to view.

Decisions you make can impact your insurance rates

Many different elements are used when premium rates are determined. Some of the criteria are obvious like an MVR report, but other criteria are less obvious such as your credit history or your financial responsibility.

The list below includes a partial list of the pieces utilized by car insurance companies to help set rates.

  • Higher coverage deductibles are cheaper – Protection for physical damage, aka comp and collision, is used to repair damage to your Mazda. Some examples of claims that would be covered could be collision with another vehicle, flood damage, and having your car stolen. Physical damage deductibles define the amount you are required to pay if a claim is determined to be covered. The more you’re willing to pay, the less your auto insurance will be on Protege5 coverage.
  • Cars with good safety ratings cost less to insure – Safer cars can get you lower premiums. Safe vehicles have better occupant injury protection and fewer injuries means your insurance company pays less which can result in lower premiums.
  • Good credit scores equal low rates – An insured’s credit rating can be an important factor in calculating your premium rate. So if your credit history leaves room for improvement, you could save money insuring your 2002 Mazda Protege5 by spending a little time repairing your credit. Drivers who have excellent credit scores tend to file fewer claims as compared to drivers with lower credit ratings.
  • Policy add-ons add up – There are a lot of extra coverages that you can get tricked into buying on your 2002 Protege5 policy. Coverages for replacement cost coverage, better glass coverage, and Farm Bureau memberships are examples of these. The coverages may be enticing when buying your policy, but if you don’t need them eliminate the coverages to reduce your premium.
  • Certain occupations raise prices – Occupations such as lawyers, business owners and accountants have higher rates than the rest of us because of high stress levels and lengthy work days. On the other hand, occupations like professors, athletes and retirees have lower than average premiums on Protege5 coverage.
  • Lower rates come with age – Teenage drivers tend to be inattentive when driving with friends therefore auto insurance rates are much higher. Having to add a youthful driver to your policy can break the bank. Older drivers are more cautious drivers, are lower risk to insure , and are generally more financially stable.
  • More traffic means higher claims – Being located in areas with lower population is a positive aspect when talking about auto insurance. City drivers regularly have congested traffic and a longer drive to work. Less people means reduced accidents in addition to fewer liability claims.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that might help in determining whether your personal situation will benefit from professional help.

  • How much liability do I need to cover my assets?
  • Do I have coverage when making deliveries for my home business?
  • Is motorclub coverage worth it?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Does having multiple vehicles earn me a discount?
  • Should I get collision insurance on every vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?

If you’re not sure about those questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can help protect your family.

Truth in insurance advertising

Drivers can’t avoid all the ads for cheaper insurance by Progressive, Allstate and GEICO. They all seem to make the point that drivers will save a bundle if you switch to their company.

But how can every company lower your rates? It’s all in the words they use.

Insurance companies give the best rates for the type of driver that will be a good risk. For instance, a desirable insured might be between the ages of 40 and 55, insures multiple vehicles, and chooses high deductibles. Any driver who matches that profile will get the preferred premium rates and therefore will save when switching.

Consumers who don’t meet the “perfect” profile will probably be forced to pay a more expensive rate which leads to the customer not buying. If you listen to the ad wording, they say “drivers who switch” but not “all drivers who get quotes” save that much. That’s the way insurance companies can make those statements.

Because every company is different, you really need to compare many company’s prices. You cannot predict the company that will have the lowest premium rates for your situation.

Educate yourself about insurance coverages

Learning about specific coverages of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages offered by insurance companies.

Collision coverage – This pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as hitting a mailbox, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

Coverage for medical payments – Med pay and PIP coverage kick in for bills for things like ambulance fees, pain medications, hospital visits, surgery and EMT expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Liability insurance – This coverage protects you from damage that occurs to other people or property in an accident. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things like legal defense fees, structural damage, repair bills for other people’s vehicles, court costs and emergency aid. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive coverages – Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a deer, hitting a bird and damage from a tornado or hurricane. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Save your cold hard cash

Lower-priced insurance coverage is possible from both online companies in addition to local insurance agencies, so you need to quote auto insurance with both to have the best chance of lowering rates. Some companies may not provide the ability to get a quote online and usually these regional carriers sell through independent agencies.

We just covered quite a bit of information on how to save on 2002 Mazda Protege5 insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the lowest priced insurance coverage comes from the least-expected company. They may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

Much more information about insurance coverage can be read at these links: