2003 Mazda Protege5 Insurance Cost

Finding low cost insurance coverage can be kind of frustrating for drivers not familiar with online price comparisons. With so many companies competing online, it can easily turn into a big hassle to find more affordable prices.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these tips. Locating the lowest cost coverage is quite easy. But drivers can benefit by having an understanding of how the larger insurance companies sell insurance online and take advantage of how the system works.

Compare auto insurance rates

Comparing auto insurance rates can be a lot of work if you don’t know the fastest way to get free quotes. You can waste hours driving to local insurance agents in your area, or you can utilize online quoting to get pricing more quickly.

Many insurance companies belong to a marketplace that allows shoppers to submit one quote, and each participating company can give them a price based on the submitted data. This saves time by eliminating repetitive form submissions for each company.

To find out what other companies charge click to open in new window.

The one disadvantage to getting quotes like this is you can’t choose the insurers to get quotes from. So if you prefer to pick specific providers to receive pricing from, we have a listing of auto insurance companies in your area. View list of insurance companies.

The approach you take is up to you, just do your best to use exactly the same quote information on every price quote you get. If your comparisons have differing limits it’s impossible to determine the best price for your Mazda Protege5. Even a minor difference in insurance coverages or limits could mean much higher rates. And when comparing auto insurance rates, know that having more price comparisons gives you a better chance of getting lower pricing. Some smaller insurers to not give quotes online, so you need to compare quotes from them as well.

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Do drivers who switch really save $423 a year?

Insurance companies such as State Farm, Allstate and Geico consistently run television, radio, and online ads. All the ads seem to make the promise that drivers can save some big amount if you change your coverage. How do they all offer you a better deal?

Most companies look for specific characteristics for the type of insured they prefer to insure. For instance, a desirable insured might be described as between the ages of 30 and 45, has few claims, and has great credit. Any driver who fits those characteristics will get low car insurance rates and will most likely save a lot of money.

People who cannot meet the “perfect” profile may receive a more expensive rate and ends up with the customer not purchasing. The trick is to say “people that switch” but not “all drivers who get quotes” save the amount stated. That’s the way insurance companies can confidently make the claims of big savings. This really emphasizes why you need to get price quotes at each policy renewal. It is impossible to predict which company will give you the biggest savings.

Don’t miss these discounts

Some insurance providers don’t necessarily list the complete list of policy discounts in an easy-to-find place, so we researched a few of the more common as well as the least known discounts you could be receiving when you buy insurance online.

• Braking Control Discount – Anti-lock brake equipped vehicles are much safer to drive and will save you 10% or more.
• Discount for Home Ownership – Owning your own home or condo can get you a discount since owning and maintaining a home is proof of financial responsibility.
• Student Discounts – Excelling in school can get you a discount of up to 25%. This discount can apply well after school through age 25.
• Policy Bundle Discount – If you insure your home and vehicles and insure them both with the same insurance company you may save at least 10 to 15 percent or more.
• Defensive Driving Course – Taking time to complete a course teaching defensive driving skills could earn you a small percentage discount and also improve your driving technique.
• Distant Student – who are enrolled in a college that is more than 100 miles from home and won’t have access to an insured vehicle can be insured at a reduced rate.
• Pay Upfront and Save – By paying your policy upfront rather than spreading payments over time you may have a lower total premium amount.
• Online Discount – A few larger companies give back up to $50 for buying your policy on their website.
• Discounts for Multiple Vehicles – Buying coverage for multiple cars with the same insurance company can get a discount on all vehicles.

As is typical with insurance, most credits do not apply the the whole policy. Most only cut individual premiums such as collision or personal injury protection. Even though it appears adding up those discounts means a free policy, you won’t be that lucky.

Large insurance companies and some of their more popular discounts can be found below.

• State Farm may offer discounts for accident-free, passive restraint, good driver, student away at school, Steer Clear safe driver discount, driver’s education, and safe vehicle.
• Geico policyholders can earn discounts including anti-theft, multi-vehicle, seat belt use, daytime running lights, and air bags.
• SAFECO may have discounts that include bundle discounts, homeowner, anti-theft, multi-car, and teen safe driver.
• Farmers Insurance may include discounts for distant student, pay in full, mature driver, alternative fuel, teen driver, bundle discounts, and switch companies.
• AAA offers premium reductions for AAA membership discount, multi-car, education and occupation, multi-policy, good student, anti-theft, and good driver.
• USAA includes discounts for loyalty savings, vehicle storage, family discount, defensive driver, safe driver, and annual mileage.

If you are trying to find low cost insurance quotes, ask all the companies the best way to save money. Some discounts may not apply to policyholders in your area. To find insurers offering insurance discounts, click this link.

Special considerations

When buying adequate coverage for your personal vehicles, there is no cookie cutter policy. Every situation is different.

For example, these questions might help in determining if you might need professional guidance.

• What can I do if my company won’t pay a claim?
• I have good health insurance, so how much medical payments coverage do I need?
• Am I covered if I wreck a rental car?
• Does my 2003 Mazda Protege5 qualify for pleasure use?
• What is UM/UIM insurance?
• What is an SR-22 filing?
• If I drive on a suspended license am I covered?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form.

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Specifics of your auto insurance policy

Learning about specific coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Collision coverage – This coverage covers damage to your Protege5 resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as backing into a parked car, colliding with a tree and scraping a guard rail. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Liability auto insurance – This can cover damage that occurs to people or other property that is your fault. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability insurance covers things like attorney fees, repair costs for stationary objects and legal defense fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical expense coverage – Med pay and PIP coverage pay for immediate expenses like prosthetic devices, hospital visits and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants 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. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as fire damage, hitting a deer, falling objects, hitting a bird and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

The bottom line

You just learned a lot of ways to reduce 2003 Mazda Protege5 insurance premium rates online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding the cheapest insurance. Consumers may even find the most savings is with a lesser-known regional company.

Consumers leave their current company for a number of reasons such as not issuing a premium refund, questionable increases in premium, an unsatisfactory settlement offer or even poor customer service. It doesn’t matter what your reason, finding the right car insurance provider is pretty simple and you could end up saving a buck or two.

While you’re price shopping online, never reduce needed coverages to save money. There have been many situations where an accident victim reduced full coverage only to regret that it was a big error on their part. Your objective should be to buy the best coverage you can find at a price you can afford, but do not skimp to save money.

Additional resources

• Things to Know Before you Cancel Insurance (Allstate)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Distracted Driving Statistics (Insurance Information Insitute)
• Distracted Driving Extends Beyond Texting (State Farm)
• Understanding your Policy (NAIC.org)

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