How to Compare Tampa Mazda Tribute Insurance

Do you want a faster way to compare low-cost Mazda Tribute insurance in Tampa? There isn’t anyone who is fond of buying insurance, in particular when the price is too high.

A recent insurance study revealed that the majority of drivers have remained with the same insurance company for at least four years, and roughly 40% of drivers have never compared rates with other companies. Tampa consumers can save hundreds of dollars each year, but most tend to underestimate the actual amount they would save if they swap their current policy for a cheaper one. You have multiple auto insurance companies to buy insurance from, and even though it’s nice to have a choice, it can be more challenging to find a good deal for Mazda Tribute insurance in Tampa.

It’s smart to do price comparisons on a regular basis because insurance rates are constantly changing. Even if you think you had the best rate on Mazda Tribute insurance in Tampa last year you can probably find a better price now. Block out anything you think you know about insurance because we’re going to show you one of the quickest ways to find lower rates on insurance.

The following companies can provide comparison quotes in Tampa, FL. To find the best car insurance in Tampa, we recommend you visit as many as you can in order to get a fair rate comparison.

Get cheaper Mazda Tribute insurance in Tampa with discounts

Car insurance is not inexpensive, but you might find some hidden discounts to help offset the cost. Larger premium reductions will be automatically applied when you purchase, but some must be asked for before being credited.

• Accident-Free Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on Tampa auto insurance quote as compared to drivers with a long claim history.
• E-sign Discounts – A few car insurance companies will give a small break just for signing your application on your computer.
• Anti-theft Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and that can save you a little bit as well.
• Military Deployment Discount – Having a family member in the military could mean lower prices.
• Auto/Life Discount – Not all car insurance companies offer life insurance, but some may give you a break if you buy life insurance.
• Senior Citizen Discount – If you’re over the age of 55, you can get a discount up to 10%.
• Anti-lock Brake System – Vehicles with ABS braking systems or traction control can stop better under adverse conditions and earn discounts up to 10%.
• Employee of Federal Government – Employees or retirees of the government may qualify for a discount when you quote Tampa auto insurance depending on your company.
• Air Bag Discount – Vehicles equipped with air bags and/or automatic seat belt systems can receive discounts of more than 20%.

You can save money using discounts, but most discount credits are not given to all coverage premiums. Some only apply to the cost of specific coverages such as comprehensive or collision. Despite the appearance that you can get free auto insurance, it’s just not the way it works. Any amount of discount will definitely lower the cost of your policy.

The chart below compares Mazda Tribute premium costs with and without discounts. The prices are based on a female driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, safe-driver, claim-free, and multi-policy discounts applied.

Some of the larger companies that may include these discounts are:

• State Farm
• Farmers Insurance
• Progressive
• GEICO
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

Before purchasing a policy, check with all companies you are considering which discounts can lower your rates. A few discounts might not apply everywhere. To view companies with discount car insurance rates in Tampa, click here to view.

Rates and statistics

The premium information shown next covers estimates of insurance policy prices for Mazda Tribute models. Being aware of how premiums are calculated can be useful when making smart choices when purchasing an insurance policy.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Table data does not factor in garaging location in Tampa which can raise or lower auto insurance rates substantially.

How high should deductibles be?

One of the hardest decisions when shopping for insurance is at what level do you set your deductibles. The comparison tables below show how much more rates are of buying low and high deductibles. The first rate table uses a $100 deductible and the second price table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in your specific Tampa location which can raise or lower auto insurance rates substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible could cost the average driver approximately $42 more each month or $504 a year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 21 months between claim filings, you would more than likely save some money by selecting a higher deductible.

The chart below demonstrates how deductible levels and can impact Mazda Tribute annual premium costs for different ages of insureds. The costs are based on a married female driver, comp and collision included, and no discounts are applied to the premium.

Should you buy full coverage?

The diagram below compares Mazda Tribute yearly insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no accidents or driving violations, $500 deductibles, single status, and no discounts are applied.

When to drop full coverage

There isn’t a written rule that is best for determining when to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s say your Mazda Tribute book value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $7,000 after you pay the deductible. If it’s costing you more than $700 annually for full coverage, then it might be time to buy liability only.

There are some circumstances where only buying liability is not advised. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.