Being forced to pay for overpriced auto insurance premiums can empty your budget and force you to prioritize other expenses. Shopping your coverage around is free, only takes a few minutes, and is a good way to tighten up your finances.
Numerous insurance companies battle for your insurance dollar, so it’s not easy to compare every provider to find the best rate
Auto insurance companies don’t always publicize all possible discounts very clearly, so the list below contains both well-publicized as well as some of the hidden discounts that may be available.
Please keep in mind that some credits don’t apply to your bottom line cost. Most only apply to individual premiums such as comp or med pay. Just because it seems like all those discounts means the company will pay you, companies don’t profit that way.
A list of companies and their possible discounts are shown below.
Before purchasing a policy, check with every company what discounts are available to you. All car insurance discounts might not be offered on policies everywhere.
The most recommended method to compare policy rates is to know the trick most of the larger companies provide online access to give you rate quotes. The only thing you need to do is give the companies some data like if you have a valid license, how much school you completed, whether or not you need a SR-22, and the year, make and model of vehicles. Your information is instantly provided to many different companies and they respond with quotes immediately.
To get price quotes for your car now, click here and enter your coverage details.
When buying proper insurance coverage, there is no “perfect” insurance plan. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine if your situation will benefit from professional help.
If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.
Well-known insurance coverage companies like GEICO, State Farm and Progressive continually stream ads in print and on television. They all make an identical promise that drivers will save a bundle if you get a free insurance quote and switch to their company. But how can every company sell you cheaper insurance coverage? It’s all in the words they use.
All the different companies require specific criteria for the type of driver that will add to their bottom line. For instance, a driver they prefer may be a mature driver, has never had a claim, and has great credit. Any new insured who fits that profile receives the best rates and therefore will pay quite a bit less when switching companies.
Consumers who fall short of this stringent profile will be charged higher rates and the customer buying from a different company. If you pay attention, the ads say “customers who switch” but not “everyone who gets a quote” save that much money. That’s the way companies can state the savings.
Because of this risk profiling, it is so important to compare free insurance quotes often. You cannot predict with any certainty which company will have the lowest rate quotes.
Knowing the specifics of insurance can be of help when determining which coverages you need and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement. These are the normal coverages found on most insurance policies.
Medical payments coverage and PIP
Med pay and PIP coverage provide coverage for bills for nursing services, funeral costs, EMT expenses, doctor visits and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Coverage for liability
This protects you from injuries or damage you cause to a person or their property in an accident. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for things like structural damage, bail bonds, emergency aid, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Collision coverage protection
Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things such as colliding with another moving vehicle, crashing into a building, backing into a parked car, hitting a parking meter and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as vandalism, damage from a tornado or hurricane, hitting a bird, a tree branch falling on your vehicle and theft. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
We’ve covered a lot of information how to lower your 2016 Mazda CX-3 insurance premium rates. The most important thing to understand is the more you quote insurance, the higher the chance of saving money. Consumers may even find the best price on auto insurance is with a lesser-known regional company. Smaller companies may have significantly lower prices on certain market segments than their larger competitors like Progressive or GEICO.
While you’re price shopping online, do not buy poor coverage just to save money. There have been many cases where someone dropped full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your goal should be to find the BEST coverage at the best possible price while still protecting your assets.
A few companies may not provide online rate quotes and many times these small, regional companies provide coverage only through independent insurance agencies. The cheapest 2016 Mazda CX-3 insurance can be found on the web in addition to many insurance agents, so you need to compare both in order to have the best chance of saving money.
Additional auto insurance information is available at the links below