2014 Mazda 2 Insurance Cost – 8 Savings Tips

Having to pay for pricey Mazda 2 insurance can drain your bank account and force you to make tough financial choices. Doing a price comparison can help to make sure you’re not throwing money away.

Having so many insurance companies to choose from, it’s nearly impossible to find the most cost effective company.

It’s a good habit to compare prices on a regular basis because insurance rates change regularly. Even if you got the best rate on 2 coverage last year there may be better deals available now. Forget anything you know (or think you know) about insurance because we’re going to show you the proper way to reduce your cost while increasing coverage.

First Step: Get free insurance coverage quotes

Most larger insurance companies such as Progressive, Allstate and Geico make it easy to get price estimates from their websites. Comparing rates online doesn’t take a lot of time as you just enter the amount of coverage you want into the form. Behind the scenes, their system collects credit information and your driving record and returns pricing information. Online quotes simplifies rate comparisons, but having to visit a lot of sites and type in the same information is monotonous and tiresome. But it is imperative to get many rate quotes if you want to find the lowest insurance coverage rates.

There is a better way!

The preferred way to find better insurance coverage pricing utilizes a single form that gets prices from multiple companies. The form is fast, requires less work, and makes online price comparison much easier. After your information is entered, it gets priced and you can choose your choice of the pricing results. If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase coverage. It takes just a few minutes to complete and you will know how your current rates stack up.

To save time and compare rates now, click here to open in new window and begin entering your coverage information. If you have coverage now, it’s recommended you input exactly as shown on your declarations page. Using the same limits helps guarantee you will be getting rate comparison quotes using the exact same coverages.

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Truth in auto insurance advertising

Consumers can’t avoid all the ads that claim the best car insurance rates from companies such as Progressive, Allstate and Geico. They all seem to tend to make the same promise that you can save if you change to their company.

How can each company offer you a better deal? It’s all in the numbers.

Insurance providers give the cheapest rates for the driver that will be a good risk. For instance, a profitable risk profile may need to be over age 30, has no prior claims, and drives less than 7,500 miles a year. Any person that hits that “sweet spot” is entitled to the best price and will probably save quite a bit of money when switching.

Drivers who fall outside those standards will see higher premium rates and the customer not buying. Company advertisements say “people that switch” but not “everyone who gets a quote” save that much when switching. This is how companies can make those statements. This illustrates why you really should compare as many free insurance coverage quotes as you can. It’s not possible to predict the company that will have the best prices for your profile.

Save with with these eight discounts

Companies that sell car insurance don’t necessarily list their entire list of discounts in an easy-to-find place, so the following is a list of some of the best known and also the more inconspicuous discounts that may be available.

• Professional Organizations – Belonging to a professional or civic organization could earn you a nice discount on your next insurance statement.
• Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
• Discount for Multiple Policies – When you have multiple policies and insure them both with the same insurance company they may give you a discount of over 10 percent off each policy depending on the company.
• Military Discounts – Being on active duty in the military could trigger a small discount.
• Early Renewal Discounts – Select insurance companies give a discount for switching policies early. It’s a savings of about 10%.
• Discounts for Government Workers – Active or former government employment may reduce rates when you quote insurance coverage on 2 coverage with select insurance companies.
• Auto/Life Discount – Select insurance companies reward you with a break if you buy a life policy as well.
• Fewer Miles Equal More Savings – Driving fewer miles can earn better premium rates on cars that stay parked.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky.

To view insurers that offer some of these discounts, click here.

Your situation helps dictate your coverage

When buying the best insurance coverage coverage for your vehicles, there is no cookie cutter policy. Each situation is unique so this has to be addressed. These are some specific questions can aid in determining whether your personal situation would benefit from professional advice.

• Am I covered when delivering products for my home-based business?
• Do I pay less if my vehicle is kept in my garage?
• What is high-risk coverage and where do I buy it?
• Is there coverage for injuries to my pets?
• How can I get my company to pay me more for my totalled car?
• Is my teenager covered with friends in the car?
• Does liability extend to a camper or trailer?
• Am I better off with higher deductibles on my 2014 Mazda 2?
• What are the best liability limits?
• Do I need added coverage for expensive stereo equipment?

If you can’t answer these questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

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Auto insurance coverages explained

Learning about specific coverages of auto insurance can help you determine the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by auto insurance companies.

Collision protection

This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as damaging your car on a curb, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as EMT expenses, chiropractic care, dental work, surgery and hospital visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. 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. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for liability

This coverage will cover damage or injury you incur to a person or their property that is your fault. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims like repair costs for stationary objects, emergency aid, pain and suffering and legal defense fees. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, damage from getting keyed, hitting a bird, hail damage and theft. The maximum payout your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Quote often and quote early

Cost effective 2014 Mazda 2 insurance can be bought from both online companies and from local agencies, and you need to comparison shop both to have the best chance of lowering rates. Some companies may not offer online price quotes and usually these small insurance companies only sell coverage through independent agencies.

As you restructure your insurance plan, never skimp on critical coverages to save a buck or two. There have been many situations where someone sacrificed liability limits or collision coverage only to find out they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at the best cost and still be able to protect your assets.

To learn more, take a look at these articles:

• How do I File a Claim? (Insurance Information Insitute)
• Vehicle Insurance (Wikipedia)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Get the Right Protection (InsureUonline.org)
• Airbag FAQ (iihs.org)

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