Compare 2012 Mazda 2 Insurance Rates

Think you have overpriced insurance? Don’t feel bad because you are not the only one feeling buyer’s remorse.

Numerous car insurance companies battle for your business, so it can be very hard to choose a company to discover the definitive lowest rate

Compare quotes for insurance coverage

Comparing insurance coverage rates can be a lot of work if you aren’t aware of the best way to get rate quotes. You can spend your afternoon talking to local insurance agents in your area, or you can stay home and use online quotes to get rate comparisons in just a few minutes.

Many insurance companies participate in a marketplace where insurance shoppers complete one form, and every company provides a quote based on that data. This system prevents you from having to do form submissions to every company.

To compare pricing click here to start a free quote.

The only drawback to using this type of system is you don’t know exactly the companies you want pricing from. If you wish to select individual companies to compare rates, we have a listing of insurance coverage companies in your area. Click here to view list.

Whichever way you choose to compare rates, be sure to compare identical coverage data for each comparison quote. If your comparisons have higher or lower deductibles it’s impossible to get a fair rate comparison. Quoting even small variations in coverage limits can result in a big premium difference. And when comparison shopping, more quotes increases your odds of finding the best rates. Some insurance companies are not set up to provide online rate quotes, so you need to compare price estimates from the smaller companies as well.

Discount car insurance rates

Car insurance is easily one of your largest bills, but you might already qualify for some discounts that you may not know about. A few discounts will automatically apply at quote time, but some must be asked about before they will apply.

  • Discounts for Good Drivers – Drivers who don’t get into accidents could pay up to 40% less on 2 coverage than drivers with accident claims.
  • Seat Belts Save – Buckling up and requiring all passengers to use their safety belts could cut 10% or more off the PIP or medical payment premium.
  • Senior Citizen Rates – Drivers that qualify as senior citizens may qualify for a small decrease in premiums on 2 coverage.
  • Membership in Organizations – Participating in a civic or occupational organization is a simple method to lower premiums on your next car insurance statement.
  • No Charge for an Accident – This one is not really a discount per se, but companies like Liberty Mutual and Geico may permit one accident without raising rates if you have no claims before the accident.
  • Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a break if you buy some life insurance in addition to your auto policy.
  • Paperwork-free – Some of the larger companies will provide an incentive for buying a policy and signing up over the internet.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles can help prevent theft and can earn a small discount on your policy.
  • Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on auto insurance quote as opposed to frequent claim filers.

Consumers should know that many deductions do not apply to the entire policy premium. The majority will only reduce individual premiums such as comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, companies don’t profit that way.

A list of car insurance companies and the discounts they provide can be read below.

  • State Farm may have discounts that include defensive driving training, good student, Steer Clear safe driver discount, multiple autos, multiple policy, accident-free, and passive restraint.
  • Liberty Mutual has discounts for safety features, new graduate, hybrid vehicle, preferred payment discount, and good student.
  • American Family may include discounts for good driver, Steer into Savings, accident-free, defensive driver, early bird, air bags, and TimeAway discount.
  • Progressive offers discounts for online quote discount, online signing, multi-policy, continuous coverage, multi-vehicle, and good student.
  • Farmers Insurance offers discounts including pay in full, distant student, switch companies, multi-car, youthful driver, early shopping, and electronic funds transfer.
  • Auto-Owners Insurance has savings for mature driver, student away at school, safe driver, anti-lock brakes, group or association, and paid in full.
  • SAFECO policyholders can earn discounts including teen safety rewards, homeowner, drive less, bundle discounts, and multi-car.

Before buying, ask every insurance company what discounts are available to you. Some credits might not be available to policyholders in your area. To view insurers that have a full spectrum of discounts, follow this link.

Why your insurance prices might be higher

Consumers need to have an understanding of some of the things that come into play when calculating the level of your policy premiums. If you understand what determines premiums, this empowers consumers to make smart changes that can help you get lower rates.

The itemized list below are some of the most rate-impacting factors used by insurance companies to determine prices.

  • Allowing your auto insurance to lapse raises premiums – Having a gap between insurance policy dates is a sure-fire way to increase your rates. Not only will rates go up, being ticketed for driving with no insurance could earn you a steep fine or even jail time. You may then have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • High credit saves on auto insurance – Having a bad credit score is a large factor in your rate calculation. People that have very good credit scores tend to be more responsible and file fewer claims than those with poor credit. So if your credit could use some work, you could save money insuring your 2012 Mazda 2 by improving your rating.
  • Accidents can be expensive – Having a single speeding ticket can bump up the cost by as much as thirty percent. Careful drivers get better prices compared to drivers with tickets. People who have serious citations like DUI, reckless driving or excessive speeding may face state-mandated requirements to prove financial responsibility to the state department of motor vehicles in order to legally drive a vehicle.
  • Lower rates for cars with good safety ratings – Safe vehicles cost less to insure. These vehicles reduce the chance of injuries and fewer serious injuries means less money paid by your insurance company and cheaper rates on your policy. If your Mazda has at least four stars on Safercar.gov it is probably cheaper to insure.
  • Do you have a tough job? – Did you know your career choice can influence rates? Careers such as real estate brokersair traffic controllers and miners tend to have higher average rates in part from high stress levels and long work days. Other jobs like professors, students and performers get better rates on 2 coverage.
  • Annual mileage and car insurance costs – The more you drive every year the higher your rate. A lot of insurance companies calculate rates partially by how you use the vehicle. Autos that sit idle most of the time cost less to insure than vehicles that are driven to work every day. An incorrectly rated 2 can result in significantly higher rates. It’s a good idea to make sure your declarations sheet correctly shows the proper vehicle usage.
  • Gals tend to cost less – Over the last 30 years, statistics show women are more cautious behind the wheel. However, don’t assume that men are worse drivers. Both genders are in auto accidents in similar numbers, but males have accidents that have higher claims. Not only are claims higher, but men get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.
  • Don’t skimp on liability – A critical coverage on your policy, liability insurance is the protection in the event that a court rules you are at fault for physical damage or personal injury to other. It provides you with a defense in court up to the limits shown on your policy. This coverage is relatively inexpensive compared to comp and collision, so do not cut corners here.

Tailor your auto insurance coverage to you

When it comes to buying coverage, there really is not a cookie cutter policy. Each situation is unique and your policy should reflect that. For instance, these questions might help in determining whether or not you might need an agent’s assistance.

  • Am I covered when driving a rental car?
  • Do I need higher collision deductibles?
  • What are the best liability limits?
  • Should I bundle my homeowners policy with my auto?
  • Do I pay less for low miles?
  • Is my Mazda 2 covered if I use it for business?
  • Where can I get insurance after a DUI in my state?
  • Where can I find high-risk insurance?

If you can’t answer these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Smaller companies may have the best rates

Well-known insurance companies like State Farm and Allstate consistently run ads on television and other media. All the ads try to convey promises that people will save just by switching your coverage. Is it even possible that every company can cost less than your current company? It’s all in how they say it.

Insurance providers have a preferred profile for the type of driver that earns them the highest profit. A good example of a preferred risk may be over the age of 45, has no prior claims, and drives a lower-performance vehicle. A customer that matches those criteria will get a cheap rate quote and will save a lot of money.

People who fall outside those standards will get higher premiums which translates to the customer buying from a different company. Company advertisements say “customers who switch” but not “everyone who gets a quote” can save as much as they claim. That’s the way companies can truthfully make it sound like they have such great prices.

Because every company is different, you need to compare rate quotes every year. It is impossible to predict which company will have the best premium rates.

The coverage is in the details

Understanding the coverages of insurance can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are the usual coverages found on most insurance policies.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Mazda 2.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for bills for things like ambulance fees, rehabilitation expenses, surgery, EMT expenses and funeral costs. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage – Collision insurance will pay to fix damage to your 2 from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like crashing into a ditch, rolling your car and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Auto liability – Liability coverage can cover damage or injury you incur to a person or their property in an accident. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as loss of income, attorney fees, court costs and funeral expenses. How much liability coverage do you need? That is up to you, but buy as much as you can afford.

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, a tree branch falling on your vehicle, hitting a deer and a broken windshield. 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.

A penny earned…

In this article, we covered many ways to get a better price on 2012 Mazda 2 insurance. The key concept to understand is the more companies you get premium rates for, the better your chances of lowering your premium rates. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate and Progressive.

Some companies do not offer online quoting small insurance companies prefer to sell through local independent agencies. Cost effective 2012 Mazda 2 insurance is attainable on the web and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection.

When searching for cheaper auto insurance quotes, it’s not a good idea to reduce coverage to reduce premium. There have been many cases where an insured dropped collision coverage only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage for the lowest cost, but don’t skip important coverages to save money.

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