Mazda 5 Insurance Rates in Dallas

If 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.

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.

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.

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.

• One Accident Forgiven – Not a discount per se, but a few companies such as State Farm and Progressive permit an accident before hitting you with a surcharge as long as you don’t have any claims prior to being involved in the accident.
• Anti-theft Discount – Cars optioned with advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.
• Service Members Pay Less – Being on active duty in the military could trigger a small discount.
• Passive Restraints – Vehicles equipped with air bags or automatic seat belts may qualify for discounts of 20 to 30 percent.
• Memberships – Having an affiliation with a professional or civic organization is a good way to get lower rates when getting a Dallas auto insurance quote.

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:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

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.

• Consolidate policies and save money – Many insurance companies allow better rates to people that have more than one policy. It’s known as a multi-policy discount. The discount can add up to 10 percent or more. Even though this discount sounds good, it’s in your best interest to comparison shop to help ensure you have the lowest rates.There is a chance you can save money by buying car insurance from a different company.

• Lower rates come with age – Older, more experienced drivers tend to be more responsible, file fewer claims, and get fewer tickets. Teenage drivers are statistically proven to be less responsible when at the wheel of a vehicle so car insurance rates are higher.

  The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

• Where you live plays a part – Having an address in less populated areas can be a good thing if you are looking for the lowest rates. Residents of big cities have more road rage incidents and longer commute times. Less people means reduced accidents and lower theft and vandalism rates.

• More performance means more cost – The performance level of the car you are insuring makes a substantial difference in the rate you pay. Small economy passenger models generally receive the lowest base rates, but the final cost of insurance is determined by many other factors.

  The following chart uses these assumptions: married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It illustrates Mazda 5 policy rates compared to other makes and models that have a range of performances.

• Insurance loss probability for a Mazda 5 – Insurance companies take into consideration insurance loss statistics for every vehicle when setting premium costs. Vehicles that the data shows to have increased claim numbers or amounts will have higher premium rates.

  The table below shows the actual insurance loss data for Mazda 5 vehicles. For each coverage type, the claim amount for all vehicles compiled together is set at 100. Values that are 100 or less represent a good loss history, while numbers shown that are more than 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.

  
  

  Mazda 5 Insurance Claim Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Mazda 5	86	86	73	103	95	91

  BETTER

  AVERAGE

  WORSE

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

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.

• How experienced are they in personal risk management?
• Are aftermarket or OEM parts used to repair vehicles?
• Is the agent CPCU or CIC certified?
• Is assistance available after office hours?
• Are they full-time agents?

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:

• How to Avoid Staged Accidents (State Farm)
• Who Has Affordable Car Insurance Quotes for a Jeep Wrangler in Dallas? (FAQ)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Choosing an Insurance Company (Insurance Information Institute)
• Understanding your Policy (NAIC.org)
• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)