Mazda 5 Insurance Quotes in Tampa

Insurance quote for Mazda 5 in TampaSmart shoppers know that insurance companies don’t want you to look at other companies. Insureds who compare other rates are likely to switch to a new company because there is a good probability of finding a more affordable policy. Surprisingly, a recent survey revealed that consumers who routinely compared quotes saved as much as $860 a year compared to other drivers who never compared rates.

If saving money on car insurance in Tampa is your goal, then knowing how to get free comparison quotes and analyze cheaper coverage can make the process less intimidating.

The preferred way to find affordable auto insurance rates is to start comparing prices regularly from providers in Tampa.

An essential thing to point out is to use the same level of coverage on every price quote and and to get price estimates from every company you can. Doing this ensures a fair price comparison and the best rate selection.

If you are paying for car insurance now, you stand a good chance to be able to cut your premiums using this information. Comparing quotes for the most affordable policy in Tampa can be fairly easy. But Florida consumers must understand the way insurance companies determine how much to charge and apply this information to your search.

The quickest method we recommend to compare insurance rates from multiple companies is to understand most insurance companies allow for online access to compare rate quotes. The only thing you need to do is spend a couple of minutes providing details such as whether the vehicles are used for commuting, your occupation, which vehicles you own, and how old drivers are. Your details is instantly submitted to multiple top-rated companies and you receive quotes immediately.

To compare cheap Mazda 5 insurance rates now, click here and enter your zip code.

The companies shown below provide price comparisons in Florida. If multiple companies are listed, we recommend you visit two to three different companies to get the best price comparison.

Mazda 5 insurance rate analysis

The price information below covers different insurance rates for Mazda 5 models. Having a better understanding of how rates are figured is important for you to make smart policy decisions.

Mazda 5 Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $320 $446 $464 $28 $140 $1,398 $117
5 Touring Station Wagon $368 $544 $464 $28 $140 $1,544 $129
5 Grand Touring Station Wagon $368 $544 $464 $28 $140 $1,544 $129
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in specific Tampa garaging location which can impact premiums greatly.

Physical damage deductibles

One of the hardest decisions when shopping for car insurance is how high or low should comp and collision deductibles be. The data tables below help summarize the difference in cost when you choose different comp and collision deductibles. The first rate table uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Mazda 5 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $280 $446 $354 $20 $106 $1,231 $103
5 Touring Station Wagon $322 $544 $354 $20 $106 $1,371 $114
5 Grand Touring Station Wagon $322 $544 $354 $20 $106 $1,371 $114
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Mazda 5 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $174 $280 $354 $20 $106 $934 $78
5 Touring Station Wagon $200 $342 $354 $20 $106 $1,022 $85
5 Grand Touring Station Wagon $200 $342 $354 $20 $106 $1,022 $85
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rate information does not factor in specific zip code location which can influence coverage rates significantly.

Based on the above data, using a $250 deductible costs approximately $27 more each month or $324 annually averaged for all 5 models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 28 months between claims, you would save money by selecting a higher deductible. Here’s a better example of how you can make your own decision.

Average monthly premium for $250 deductibles: $110
Average monthly premium for $1,000 deductibles (subtract): – $83
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

An important sidenote is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you have a claim. That will necessitate enough money in the bank in the event you need to pay the deductible for vehicle repair.

Poor driving habits will raise your car insurance rates

The illustration below demonstrates how traffic citations and at-fault fender-benders can raise Mazda 5 car insurance costs for different ages of insureds. Data assumes a married female driver, full coverage, $500 deductibles, and no policy discounts are applied.

Three main reasons to buy auto insurance

Despite the high cost, insuring your vehicle is a good idea for several reasons.

The benefits of insuring your 5 definitely exceed the cost, especially if you ever need it. According to a 2015 survey, the average American driver overpays as much as $820 a year so it’s recommended you shop around each time the policy renews to save money.

How Insurance Providers Calculate Mazda 5 Insurance Prices

One of the most helpful ways to save on car insurance is to to have a grasp of some of the factors that aid in calculating your car insurance rates. When you know what positively or negatively impacts premium levels, this enables you to make decisions that can help you get lower rates. Many factors are part of the equation when premium rates are determined. Most are fairly basic like your driving record, but some are less apparent like where you live or your vehicle rating.

The factors shown below are some of the factors companies use to determine your rate level.

Avoid unnecessary incidental coverages – Insurance policies have a lot of optional add-on coverages that may not really be needed but may not be useful. Insurance for things like coverage for rental cars, accident forgiveness, and Farm Bureau memberships are some examples. These may sound like a good investment initially, but if they’re wasting money eliminate the coverages to reduce your premium.

Where you live – Choosing to live in small towns and rural areas is a positive aspect when insuring your vehicles. Fewer drivers means a lower chance of having an accident in addition to lower liability claims. People who live in big cities have to deal with much more traffic and a longer drive to work. More time on the road can result in more accidents.

Liability protection preserves assets – The liability section of your policy is the protection if you are found liable for damages from an accident. This coverage provides you with a defense in court to attempt to prove you were not liable. It is affordable coverage compared to physical damage coverage, so insureds should have plenty of protection for their assets.

Cheaper prices with safer cars – Safer cars tend to have lower insurance rates. The safest vehicles reduce the chance of injuries and reduced instances of injuries means your insurance company pays less and thus lower rates.

Save money with higher physical damage deductibles – Insurance for physical damage, also called ‘full coverage’, insures against damage to your Mazda. Some examples of claims that would be covered are collision with another vehicle, damage caused by hail, and burglary. Physical damage deductibles tell how much you are required to spend out-of-pocket before a claim is paid by your company. The higher the amount you’re willing to pay, the less money you will pay for car insurance.

Insurance claims cost money – If you file claims often, don’t be surprised to see either policy cancellation or increased premiums. Companies in Florida give the lowest premiums to people who are not frequent claim filers. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.

Loss statistics for a Mazda 5 – Insurance companies use historical loss data when they set coverage costs for each model. Models that have higher losses will have higher rates.

The data below shows the compiled insurance loss statistics for Mazda 5 vehicles. For each coverage category, the claim probability for all vehicles, as an average, is set at 100. Values that are under 100 suggest losses that are better than average, while values over 100 indicate higher probability of having a loss or tendency to have larger claims.

Insurance Loss Ratings for Mazda 5 Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Mazda 5 86 86 73 103 95 91

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance policy discounts for Mazda 5 insurance in Tampa

Insurance is not cheap nor is it fun to buy but there could be available discounts to help bring down the price. Certain discounts will be applied when you purchase, but occasionally some discounts must be specifically requested in order for you to get them.Discount insurance

As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. The majority will only reduce individual premiums such as liability and collision coverage. So when the math indicates all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

The diagram below visualizes the comparison of Mazda 5 annual premium costs with and without discounts applied. The data is based on a female driver, a clean driving record, no claims, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, multi-policy, claim-free, and marriage discounts applied.

If you would like to choose from a list of companies who offer free Mazda 5 insurance quotes in Florida, click this link.

Do I just need basic coverages?

Always keep in mind that when comparing a policy, there is no one-size-fits-all type of policy. Your situation is unique.Insurance savings

Here are some questions about coverages that may help you determine whether your personal situation would benefit from professional advice.

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

When to have guidance from an insurance agent

Some consumers would rather sit down with an agent. One of the benefits of getting free rate quotes online is you can get cheaper premium rates and still have a local agent.

Insurance agency in TampaFor easy comparison, once you complete this short form, your coverage information is instantly submitted to agents in your area who want to provide quotes for your auto insurance coverage. It makes it easy because there is no need to contact any agents since price quotes are sent to you instantly. You can most likely find cheaper rates AND a local agent. If you have a need to compare prices from a particular provider, you would need to find their quoting web page and fill out the quote form the provide.

Finding the right insurer needs to be determined by more than just a cheap quote. Any agent in Tampa should be forthright in answering these questions:

Pick the best auto insurance agent in Tampa for you

If you want to buy auto insurance from a reliable agent, it helps to know the two different types of agents and how they are distinctly different. Auto insurance agencies can be described as either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agents

Agents in the exclusive channel can only quote rates from one company such as State Farm, Allstate and AAA. Exclusive agents cannot give you multiple price quotes so they have to upsell other benefits. They receive extensive training on the products they sell which helps them compete with independent agents. Some consumers prefer to buy from the same agent for years mainly due to the prominence of the brand and the convenience of having all coverages with one company.

Below is a short list of exclusive agencies in Tampa who can help you get price quote information.

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Independent Agents (or Brokers)

Independent agents can quote rates with many companies so as a result can place your coverage through many different auto insurance companies enabling the ability to shop coverage around. If they quote lower rates, your policy is moved internally and that require little work on your part.

If you are comparing rate quotes, you will definitely want to include price quotes from multiple independent agents for maximum quote selection. A lot of them also have access to smaller mutual companies which can be an advantage.

The following are independent agents in Tampa that are able to give rate quotes.

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If you feel you receive answers to your satisfaction as well as a price you’re happy with, you’ve probably found an auto insurance agent that can be relied on to adequately provide auto insurance. But remember, once you purchase a policy you can cancel a policy any time you want so don’t assume you’re contractually obligated to a policy for the full term.

Smart consumers save more

You just read many tips how you can reduce Mazda 5 insurance auto insurance rates online in Tampa. The key concept to understand is the more you quote Tampa car insurance, the higher the chance of saving money. You may even find the best price on car insurance is with the smaller companies.

Cheaper car insurance in Tampa is possible from both online companies and with local Tampa insurance agents, so you need to quote Tampa car insurance with both to have the best chance of lowering rates. Some car insurance companies may not offer rates over the internet and usually these regional insurance providers only sell through independent insurance agencies.

As you shop your coverage around, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, someone dropped comprehensive coverage or liability limits and found out when filing a claim that it was a big error on their part. Your objective should be to get the best coverage possible at a price you can afford, but do not skimp to save money.

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