Lower Your 2001 Mazda 626 Insurance Rates

Looking for better car insurance rates for your Mazda 626? Paying for expensive Mazda 626 insurance can overdraw your budget and make it hard to pay other bills. Shopping your coverage around can save money and help to lower your monthly bill.

Many car insurance companies compete for your insurance dollar, so it can be very hard to choose a insurer to discover the definitive lowest rate

Smart consumers take time to quote other rates yearly because prices change quite often. Just because you had the lowest price for 626 coverage two years ago you will most likely find a better rate quote today. There is a lot of bad advice regarding car insurance online but we’re going to give you some of the best ways to lower your car insurance rates.

Compare insurance price quotes

There are a variety of methods to compare insurance prices but there is one way that is less time-consuming than others. You can spend countless hours discussing policy coverages with agents in your area, or you can stay home and use online quotes to get rate comparisons in just a few minutes.

Most of the larger companies participate in a marketplace where insurance shoppers send in one quote, and every company returns a competitive quote determined by their information. This system prevents you from having to do quote forms for each company.

To compare pricing click here to start a free quote.

The single downside to doing it this way is buyers cannot specifically choose which companies to get quotes from. If you prefer to choose specific insurance companies to request quotes from, we have a listing of the cheapest insurance companies in your area. View list of insurance companies.

It doesn’t matter which method you choose, just make sure you compare the same deductibles and coverage limits on every quote you get. If each company quotes different deductibles it’s not possible to decipher which rate is best.

Components of your Mazda 626 insurance rates

A large part of saving on car insurance is knowing the different types of things that help determine your premiums. When you know what positively or negatively controls the rates you pay, this enables informed choices that may reward you with lower premium levels.

The following are some of the items used by your company to calculate prices.

  • Only buy coverage you need – Policies have extra bells and whistles that you can buy if you aren’t diligent. Add-on coverages like rental car reimbursement, accidental death, and additional equipment coverage may be costing you every month. They may sound like good ideas when discussing your needs, but your money might be better spent on other coverage so remove them and pocket the money.
  • Excellent credit scores equal low prices – Your credit rating can be an important factor in determining premium rates. If your credit rating leaves room for improvement, you may save money insuring your 2001 Mazda 626 if you improve your credit rating. People that have very good credit scores tend to be more responsible as compared to drivers with poor credit scores.
  • Save annual miles and save money – Driving more miles every year the higher your rates will be. Most insurance companies apply a rate based on how the vehicle is used. Vehicles not used for work or commuting receive better premium rates than vehicles that have high annual mileage. Verify your declarations sheet reflects the correct usage, because it can save money. Incorrect rating for your 626 can cost quite a bit.
  • Never allow your coverage to lapse – Driving any period of time without insurance is against the law and any future policy may cost more because you let your insurance lapse. Not only will you pay more, not being able to provide proof of insurance may earn you a license revocation or jail time.
  • Limits of liability coverage – Your policy’s liability coverage is the protection if ever you are ruled to be at fault for an accident. Liability insurance provides legal defense coverage which can cost thousands of dollars. Liability is cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Having a spouse can save on car insurance – Having a spouse may save some money when buying car insurance. Marriage usually means you are more mature and statistics show drivers who are married file infrequent claims.
  • Cautious drivers pay less – Even a single speeding ticket or other violation can increase the cost of insurance twenty percent or more. Attentive drivers pay lower auto insurance prices as compared to those with violations. Drivers who have severe violations such as hit and run, DWI or reckless driving convictions may find they need to complete a SR-22 with their state motor vehicle department in order to legally drive.
  • Car insurance rates and age – Older drivers are shown to be more cautious, tend to cause fewer accidents and receive fewer citations.Youthful drivers have been known to be more careless when behind the wheel and because of this, their car insurance rates are much higher.

Auto insurance rates and discounts

Auto insurance companies don’t always advertise their entire list of discounts very well, so the following list contains both the well known and also the lesser-known discounts that may be available.

  • Save with a New Car – Buying a new car model can save you some money because new model year vehicles have to meet stringent safety requirements.
  • Anti-lock Brakes – Cars, trucks, and SUVs with anti-lock braking systems can stop better under adverse conditions and will save you 10% or more.
  • Discount for Life Insurance – Insurance carriers who offer life insurance give a small discount if you purchase some life insurance too.
  • Telematics Data Discounts – Insureds that choose to allow their company to analyze driving manner by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they show good driving skills.
  • Smart Student Discounts – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
  • Safety Restraint Discount – Requiring all passengers to use their safety belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • Mature Driver Discount – Older drivers can possibly qualify for a small discount on rates for 626 coverage.
  • Claim Free – Insureds who avoid accidents and claims have much lower rates in comparison with accident-prone drivers.

Discounts save money, but please remember that some of the credits will not apply the the whole policy. Some only reduce the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, that’s just not realistic.

Larger auto insurance companies and some of their more popular discounts are outlined below.

  • State Farm has savings for driver’s education, good student, Drive Safe & Save, safe vehicle, multiple policy, and student away at school.
  • Liberty Mutual may offer discounts for preferred payment discount, newly married, new graduate, good student, and multi-policy.
  • American Family policyholders can earn discounts including early bird, accident-free, good driver, defensive driver, multi-vehicle, air bags, and good student.
  • Progressive offers discounts including good student, online quote discount, online signing, multi-policy, and continuous coverage.
  • Farmers Insurance discounts include teen driver, distant student, mature driver, business and professional, alternative fuel, and pay in full.
  • Auto-Owners Insurance offers discounts for multi-policy, safe vehicle, paid in full, company car, anti-theft, multiple vehicles, and air bags.
  • SAFECO may include discounts for homeowner, anti-lock brakes, multi-car, bundle discounts, accident prevention training, and anti-theft.

When quoting, ask each insurance company how you can save money. Some discounts may not be available everywhere. If you would like to view insurers with discount auto insurance rates, click this link.

Situations that may require an agent’s advice

When buying adequate coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that could help you determine whether you may require specific advice.

  • When can I cancel my policy?
  • What vehicles should carry emergency assistance coverage?
  • When would I need additional glass coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What happens if I owe more than my 2001 Mazda 626 is worth?
  • Can I get a multi-policy discount?
  • Do I need PIP coverage since I have good health insurance?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Insurance coverage basics

Learning about specific coverages of your insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and coverage can change by endorsement. These are typical coverages found on most insurance policies.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from getting keyed, falling objects, rock chips in glass, a broken windshield and a tree branch falling on your vehicle. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for chiropractic care, ambulance fees, prosthetic devices and EMT expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage – This pays for damage to your 626 resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as backing into a parked car, hitting a parking meter, colliding with another moving vehicle and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Auto liability insurance – Liability insurance can cover damage that occurs to other’s property or people by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which stand for $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like structural damage, repair bills for other people’s vehicles, funeral expenses and bail bonds. How much liability should you purchase? That is your choice, but consider buying higher limits if possible.

Don’t break the bank

We just presented a lot of ways to lower your 2001 Mazda 626 insurance rates. The key thing to remember is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the best rates are with the smaller companies. These companies may cover specific market segments cheaper than their larger competitors like State Farm or Progressive.

Some insurance companies do not provide the ability to get quotes online and these regional insurance providers provide coverage only through local independent agents. More affordable insurance is attainable on the web in addition to local insurance agencies, so compare prices from both in order to have the best price selection to choose from.

More information can be found at these links: