Mazda 5 Insurance Rates in Dallas

Insurance rates Mazda 5 in DallasIf you want to find the absolute lowest rates, then the best way to save money on Mazda 5 insurance is to make a habit of regularly comparing prices from companies that insure vehicles in Dallas.

  1. Read about the different coverages in a policy and the steps you can take to keep rates down. Many risk factors that increase rates such as accidents, careless driving, and a not-so-good credit score can be rectified by making lifestyle changes or driving safer.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO and Allstate, while independent agents can give you price quotes from multiple insurance companies. Begin your rate comparison
  3. Compare the price quotes to your current policy premium to see if a cheaper rate is available. If you find a lower rate, make sure coverage is continuous and does not lapse.

The most important part of shopping around is that you’ll want to compare similar deductibles and liability limits on each quote request and and to analyze every insurance company. Doing this helps ensure an apples-to-apples comparison and a thorough selection of prices.

Anyone knows that auto insurance companies don’t want customers comparing rates. Drivers who shop around will most likely buy a new policy because there is a good chance of finding a cheaper policy. Remarkably, a study showed that drivers who shopped around annually saved on average $70 a month compared to policyholders who never shopped around for lower prices.

If finding the lowest price on Mazda 5 insurance is your target objective, knowing the best way to quote and compare cheaper coverage can help you be more efficient.

Best Mazda 5 insurance rates in Texas

The companies in the list below can provide free quotes in Dallas, TX. If several companies are displayed, we suggest you click on several of them in order to find the most competitive rates.

Rates and detailed analysis

The premium table displayed next highlights a range of coverage costs for Mazda 5 models. Being more informed about how policy rates are determined can aid in making smart policy decisions.

Mazda 5 Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $180 $322 $340 $20 $102 $964 $80
5 Touring Station Wagon $206 $392 $340 $20 $102 $1,060 $88
5 Grand Touring Station Wagon $206 $392 $340 $20 $102 $1,060 $88
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Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Table data does not factor in specific garaging location which can influence rates noticeably.

Physical damage deductible comparison

One frequently asked question is at what level do you set your deductibles. The following tables may help you to understand the price difference when you select higher and lower comp and collision deductibles. The first rate estimation uses a $250 physical damage deductible and the second set of prices uses a $500 deductible.

Mazda 5 insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $256 $408 $324 $20 $96 $1,129 $94
5 Touring Station Wagon $294 $496 $324 $20 $96 $1,255 $105
5 Grand Touring Station Wagon $294 $496 $324 $20 $96 $1,255 $105
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Mazda 5 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $208 $328 $324 $20 $96 $976 $81
5 Touring Station Wagon $240 $400 $324 $20 $96 $1,080 $90
5 Grand Touring Station Wagon $240 $400 $324 $20 $96 $1,080 $90
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in vehicle garaging location which can affect price quotes noticeably.

Based on the data above, we can derive that using a $250 deductible would cost the average driver about $14 more each month or $168 a year averaged for all 5 models than selecting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 18 months between claims, you would probably come out ahead if you elect the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $101
Average monthly premium for $500 deductibles (subtract): – $87
Monthly savings from raising deductible: $14
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Gender-based auto insurance rates

The information below illustrates the comparison of Mazda 5 insurance premiums for male and female drivers. The price estimates are based on no accidents, no driving violations, full coverage, $1,000 deductibles, drivers are not married, and no discounts are applied.

Cost of full coverage

The diagram below shows the difference between Mazda 5 yearly insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no claims or violations, $500 deductibles, single status, and no additional discounts are factored in.

Should you pay for full coverage?

There is no specific rule to stop paying for full coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Mazda 5 replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after paying your policy deductible. If you are paying in excess of $600 annually to have full coverage, then you might consider buying liability only.

There are some circumstances where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage.

Discount Dallas car insurance rates

Car insurance can cost a lot, but companies offer discounts to help offset the cost. Many of these discounts will be applied automatically at the time of purchase, but some must be inquired about before you get the savings.Cheaper car insurance with discounts

A quick disclaimer, most discount credits are not given to the entire cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it appears you can get free auto insurance, it doesn’t quite work that way.

The information below compares Mazda 5 insurance premiums with and without discounts applied. The premiums are based on a female driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, multi-car, multi-policy, and safe-driver discounts applied.

Some of the insurance companies who may offer these money-saving discounts are:

If you want inexpensive Dallas auto insurance quotes, ask each company which discounts you may be entitled to. Savings may not be offered in Dallas. To see providers that offer the discounts shown above in Dallas, click this link.

Insurance Rate Influencing Factors

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 policy premiums. When you understand what impacts premium levels, this enables you to make decisions that could result in lower rates. Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious like your driving record, although others are more obscure like where you live or how financially stable you are.

The factors shown below are some of the most rate-impacting factors companies use to determine your rates.

Compare rates but work with a neighborhood Dallas auto insurance agent

Some consumers would prefer to go talk to an agent and that is not a bad decision Professional agents can make sure you are properly covered and help you file claims. One of the benefits of getting online price quotes is you may find the best rates but also keep your business local.

Once you complete this simple form, your insurance coverage information gets sent to local insurance agents in Dallas who will give you bids to get your business. It simplifies rate comparisons since you won’t have to do any legwork since price quotes are sent directly to you. In the event you want to compare rates from one company in particular, you would need to find their quoting web page and fill out their quote form.

Choosing the best company should include more criteria than just a cheap quote. The questions below may impact your decision as well.

A conclusion for your auto insurance search

As you shop your coverage around, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, drivers have reduced uninsured motorist or liability limits only to regret that it was a big error on their part. Your focus should be to buy the best coverage you can find for the lowest price but still have enough coverage for asset protection.

We just presented some good ideas how to find lower-cost Mazda 5 insurance in Dallas. The key concept to understand is the more price quotes you have, the better likelihood of getting affordable Mazda 5 insurance quotes. Drivers may even discover the best rates are with some of the smallest insurance companies.

Some insurance companies do not provide online rate quotes and usually these small, regional companies only sell coverage through independent agencies. Budget-friendly auto insurance in Dallas is available both online and also from your neighborhood Dallas agents, so you should compare both so you have a total pricing picture.

Additional auto insurance information is available below: