1998 Mazda 626 Insurance Cost – 6 Ways to Save

Looking for lower insurance coverage rates? Shoppers have a choice when shopping for the best price on Mazda 626 insurance. You can either waste hours calling around getting price quotes or use the internet to find the lowest rates. There is a better way to compare insurance coverage rates and we’ll show you the proper way to compare rates for your Mazda and find the cheapest rates from local insurance agents and online providers.

You should make it a habit to compare rates yearly because insurance coverage prices are adjusted regularly by insurance companies. Just because you found the best deal for 626 coverage a few years ago there is a good chance you can find better premium rates now. You can find a lot of information about insurance coverage out there, but in a few minutes you can learn a lot of great tips on how to reduce your insurance coverage bill.

Finding affordable coverage is not that difficult. If you currently have a car insurance policy, you should be able to save some money using this strategy. Drivers only need to know the tricks to compare rates over the internet.

Car insurance discounts are available to reduce your rates

The price of auto insurance can be rather high, but there are discounts available to reduce the price significantly. Many of these discounts will be applied automatically when you quote, but a few must be specifically requested prior to getting the savings.

  • Senior Citizen Rates – Drivers that qualify as senior citizens may receive a discount up to 10% for 626 coverage.
  • Driving Data Discount – Drivers who agree to allow their insurance company to look at when and where they use their vehicle by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if their driving habits are good.
  • Student Discounts – This discount can save 20 to 25%. The good student discount can last up until you turn 25.
  • Discount for New Cars – Insuring a new car can get you a discount because new model year vehicles keep occupants safer.
  • Seat Belt Usage – Buckling up and requiring all passengers to buckle up can save 10% or more off the medical payments premium.
  • Drivers Ed for Students – Have your child complete a driver education course as it will make them better drivers and lower rates.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. A few only apply to individual premiums such as comp or med pay. Even though the math looks like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

A partial list of companies that may offer policyholders most of the discounts above include:

It’s a good idea to ask every company what discounts are available to you. Discounts may not be offered in your area. For a list of insurance companies with the best discounts, click here.

Everyone needs different insurance coverages

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is a little different.

For example, these questions may help highlight whether you may require specific advice.

  • Am I covered when driving in Canada or Mexico?
  • Can I afford low physical damage deductibles?
  • Do I need PIP coverage since I have good health insurance?
  • What is the ISO rating for a 1998 Mazda 626?
  • What companies insure drivers after a DUI or DWI?
  • How do I buy GAP insurance?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Educate yourself about insurance coverages

Having a good grasp of a insurance policy can be of help when determining the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Mazda 626.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Collision coverage – Collision coverage will pay to fix damage to your 626 resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as colliding with another moving vehicle, hitting a parking meter and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to bring the cost down.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as surgery, prosthetic devices, ambulance fees, hospital visits and chiropractic care. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Liability auto insurance – This coverage will cover damage that occurs to people or other property that is your fault. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for things like bail bonds, funeral expenses, court costs and medical expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, a broken windshield and theft. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Don’t throw your cash in the trash

Cheaper 1998 Mazda 626 insurance can be found on the web and from local insurance agents, so you need to quote insurance with both so you have a total pricing picture. A few companies do not offer the ability to get a quote online and usually these small, regional companies prefer to sell through local independent agencies.

People who switch companies do it for a variety of reasons including policy cancellation, extreme rates for teen drivers, poor customer service or even high prices. No matter why you want to switch, finding the right car insurance provider can be pretty painless.

When buying insurance coverage, it’s very important that you do not buy less coverage just to save a little money. There are too many instances where someone sacrificed comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. Your strategy should be to buy the best coverage you can find at a price you can afford.

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