Anyone knows that auto insurance companies don’t want their customers to go rate shopping. Consumers who compare other rates are highly likely to move their business because they have a good chance of finding lower rate quotes. A study showed that consumers who compared rates annually saved approximately $70 a month compared to those who never shopped around.
If finding the cheapest rates on Mazda 5 insurance in Riverside is your intention, then learning a little about how to get price quotes and compare insurance rates can make it simple to find affordable coverage.
If you want to save the most money, the best way to get more affordable car insurance rates in Riverside is to make a habit of comparing prices annually from providers who can sell car insurance in California.
Step 1: Try to learn a little about auto insurance and the measures you can take to prevent expensive coverage. Many rating factors that result in higher rates like distracted driving and an imperfect credit rating can be eliminated by making minor changes in your lifestyle.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or State Farm, while independent agencies can provide prices from multiple companies.
Step 3: Compare the new rates to your current policy premium to see if you can save by switching companies. If you find a better price and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Give notification to your agent or company to cancel your current policy. Submit any necessary down payment along with the completed application to the new insurer. As soon as you have the new policy, keep the new proof of insurance paperwork with your registration paperwork.
An important bit of advice to remember is to compare similar coverage information on every quote and and to get rates from every company you can. Doing this enables a fair rate comparison and the best rate selection.
Lower-cost Riverside auto insurance quotes with discounts
Insuring your fleet can be pricey, but you may qualify for discounts to help bring down the price. A few discounts will automatically apply when you purchase, but some must be manually applied before you get the savings. If they aren’t giving you every credit possible, you are just wasting money.
- Low Mileage – Driving fewer miles may allow you to get discounted prices on garaged vehicles.
- Discount for Life Insurance – Companies who offer life insurance give a lower premium rate if you buy a life policy as well.
- Military Discounts – Being on active duty in the military can result in better prices.
- Federal Employees – Active or retired federal employment may reduce rates when you quote Riverside auto insurance with select insurance companies.
- Resident Student – Kids who live away from home to go to college and do not have access to a covered vehicle can receive lower rates.
- Theft Prevention Discount – Cars optioned with advanced anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
We need to note that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, it just doesn’t work that way.
The information below illustrates the difference between Mazda 5 auto insurance rates with and without discounts applied. The premium estimates are based on a female driver, no claims, a clean driving record, California 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 safe-driver, claim-free, marriage, multi-policy, multi-car, and homeowner discounts applied.
A few popular companies and some of the premium reductions they offer are:
- GEICO policyholders can earn discounts including anti-lock brakes, multi-vehicle, federal employee, multi-policy, and defensive driver.
- MetLife may have discounts that include good driver, defensive driver, claim-free, multi-policy, and accident-free.
- State Farm may offer discounts for passive restraint, good student, Drive Safe & Save, student away at school, and safe vehicle.
- Progressive offers premium reductions for online signing, multi-vehicle, good student, online quote discount, homeowner, continuous coverage, and multi-policy.
- Mercury Insurance has savings for age of vehicle, type of vehicle, good driver, multi-car, and good student.
- 21st Century includes discounts for automatic seat belts, anti-lock brakes, homeowners, student driver, and driver training.
- Allstate offers discounts for new car, good student, anti-theft, premier plus, EZ pay plan discount, safe driver, and 55 and retired.
When getting a coverage quote, ask every prospective company which discounts can lower your rates. Some discounts might not be offered in Riverside. To view insurers who offer online Mazda 5 insurance quotes in Riverside, click here.
Keep in mind that comparing more rates from different companies gives you a better chance of getting the best rates.
The companies shown below offer comparison quotes in California. If the list has multiple companies, we recommend you get prices from several of them to get a more complete price comparison.
Premium rates and analysis
The information displayed next covers different prices for Mazda 5 models. Being aware of how insurance prices are determined is important for making smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|5 Sport Station Wagon||$284||$554||$424||$26||$128||$1,416||$118|
|5 Touring Station Wagon||$326||$672||$424||$26||$128||$1,576||$131|
|5 Grand Touring Station Wagon||$326||$672||$424||$26||$128||$1,576||$131|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Estimates do not factor in specific garaging location which can change prices substantially.
The diagram below illustrates how your deductible choice and can influence Mazda 5 premium costs for each different age category. The premium estimates are based on a single male driver, comp and collision included, and no discounts are applied.
Annual premiums for males compared to females
The illustration below illustrates the difference between Mazda 5 insurance premiums for male and female drivers. The data is based on no tickets, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Cost difference between full coverage and liability
The example below illustrates the comparison of Mazda 5 annual premium costs with full coverage compared to only the California minimum liability coverage. The prices are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied.
When to stop paying for full coverage
There isn’t a steadfast formula for dropping full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Mazda 5 book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the policy deductible has been paid. If it’s costing you more than $700 a year for physical damage coverage, then it may be the right time to buy liability only.
There are some situations where only buying liability is not advised. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not remove full coverage.
How do I know if I need professional advice?
Always remember that when buying coverage online or from an agent for your personal vehicles, there really isn’t a best way to insure your cars. Every situation is different so your insurance needs to address that.
For instance, these questions can aid in determining if your insurance needs will benefit from professional help.
- What is PIP insurance?
- Do I pay less if my vehicle is kept in my garage?
- Should I pay a claim out-of-pocket?
- Can good grades get a discount?
- Does medical payments coverage apply to all occupants?
- Do I have ACV or replacement cost coverage?
- Is motorclub coverage worth it?
- Does rental coverage apply when I am renting a car?
If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.
What if I want to buy from local Riverside insurance agents?
Many people just prefer to talk to a local agent and that is just fine! A good thing about getting free rate quotes online is the fact that drivers can get the lowest rates and still buy from a local agent.
For easy comparison, once you complete this simple form, the coverage information is sent to insurance agents in Riverside that can give you free Riverside auto insurance quotes and help you find cheaper coverage. You won’t need to leave your computer since price quotes are sent directly to your email. You can find better rates and work with a local agent. If you wish to quote rates from a specific auto insurance provider, you can always jump over to their website and fill out their quote form.
Finding a good insurer should depend on more than just the bottom line cost. Agents should be asked these questions:
- How are they compensated?
- Has the agent ever had any license suspensions?
- Which members of your family are coverage by the policy?
- Are they primarily personal or commercial lines agents in Riverside?
- Do they prorate repair cost based on vehicle mileage?
- Which companies can they place coverage with?
- Does the agency support the community they serve?
- How are claims handled?
The following are agents in Riverside who can help you get price quote information for Mazda 5 insurance in Riverside.
Coverages available on your policy
Learning about specific coverages of your car insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages available from car insurance companies.
Comprehensive coverages – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as fire damage, rock chips in glass and damage from getting keyed. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Auto liability – Liability insurance provides protection from damage or injury you incur to people or other property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 15/30/5 that means you have a $15,000 limit per person for injuries, a per accident bodily injury limit of $30,000, and a total limit of $5,000 for damage to vehicles and property.
Liability can pay for claims like medical expenses, pain and suffering, attorney fees and structural damage. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible. California state law requires minimum liability limits of 15/30/5 but you should consider buying more coverage.
The next chart shows why buying minimum limits may not be enough.
Collision coverage – This coverage covers damage to your 5 resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as colliding with a tree, driving through your garage door and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible on your 5 to bring the cost down.
Uninsured and underinsured coverage – This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Mazda 5.
Since many California drivers have only the minimum liability required by law (15/30/5 in California), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for bills such as funeral costs, dental work, pain medications, prosthetic devices and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
One last note
While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced comprehensive coverage or liability limits and learned later that it was a big mistake. Your objective should be to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.
Cheaper insurance in Riverside is definitely available both online in addition to local insurance agencies, so you need to quote Riverside auto insurance with both so you have a total pricing picture. A few companies may not have online price quotes and many times these smaller providers only sell through local independent agents.
- Driving in Bad Weather (Insurance Information Institute)
- Who Has Affordable Auto Insurance Rates for Single Moms in Riverside? (FAQ)
- How Much are Riverside Car Insurance Rates for Infrequent Drivers? (FAQ)
- How Much are Auto Insurance Rates for College Students in Riverside? (FAQ)
- Neck Injury FAQ (iihs.org)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Credit Impacts Car Insurance Rates (State Farm)
- What are my Rights when Filing a Claim? (Insurance Information Institute)