Cheap Insurance for a Mazda 5 in Long Beach

The easiest way to get discount car insurance rates in Long Beach is to compare prices annually from providers in California.

First, try to learn about how companies set rates and the measures you can take to prevent expensive coverage. Many rating factors that are responsible for high rates such as accidents, traffic tickets, and a poor credit rating can be eliminated by making minor changes in your lifestyle.

Second, request price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like Progressive or Allstate, while independent agencies can provide price quotes for a wide range of insurance providers. Get quotes now

Third, compare the price quotes to the price on your current policy and see if you can save money. If you can save some money and switch companies, ensure there is no coverage lapse between policies.

Fourth, notify your agent or company to cancel the current policy and submit a down payment along with a signed application to your new company or agent. Once received, keep your new proof of insurance paperwork above your visor, in the console, or in the glove compartment.

One bit of advice is to make sure you’re comparing the same deductibles and limits on each price quote and and to get quotes from every company you can. This provides an accurate price comparison and a complete price analysis.

Insurance quote for Mazda 5 in Long BeachIt’s hard to fathom, but over 70% of drivers kept their coverage with the same auto insurance company for more than four years, and nearly the majority have never quoted rates to find cheaper coverage. Many consumers in California can save $470 each year by just shopping around, but they don’t believe the benefits if they bought a different policy.

Mazda 5 insurance analysis

The premium table displayed next highlights different insurance coverage prices for Mazda 5 models. Knowing how prices are established helps drivers make decisions on the best policy to buy.

Mazda 5 Insurance Rates in Long Beach, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $176 $336 $488 $28 $146 $1,174 $98
5 Touring Station Wagon $202 $408 $488 $28 $146 $1,272 $106
5 Grand Touring Station Wagon $202 $408 $488 $28 $146 $1,272 $106
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Table data does not factor in your specific Long Beach location which can decrease or increase coverage rates greatly.

Higher deductibles lower rates

When buying insurance, a common question is how high should the physical damage deductibles be. The rates below highlight how much more rates are between high and low policy deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Mazda 5 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $332 $564 $376 $22 $112 $1,431 $119
5 Touring Station Wagon $380 $686 $376 $22 $112 $1,601 $133
5 Grand Touring Station Wagon $380 $686 $376 $22 $112 $1,601 $133
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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 $184 $298 $376 $22 $112 $992 $83
5 Touring Station Wagon $210 $362 $376 $22 $112 $1,082 $90
5 Grand Touring Station Wagon $210 $362 $376 $22 $112 $1,082 $90
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate information does not factor in zip code location which can decrease or increase coverage rates noticeably.

We can estimate from the data above that using a $100 deductible costs roughly $40 more each month or $480 each year than opting for the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 23 months between claims, you would come out ahead if you decide on a higher deductible. The numbers below show a better example of how this determination is made.

Average monthly premium for $100 deductibles: $128
Average monthly premium for $1,000 deductibles (subtract): – $88
Monthly savings from raising deductible: $40
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One big caveat is that increasing deductibles to lower your rates means you will have to pay more when you have to file a claim. That will necessitate some extra funds in the event you need to pay more to get your vehicle repaired.

The Mazda 5 Insurance Cost Equation

Consumers need to have an understanding of the rating factors that play a part in calculating your auto insurance rates. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could help you find lower rates.

More performance means more cost – The type of vehicle you are buying insurance for makes a substantial difference in your premium level. The most favorable rates are for low performance passenger vehicles, but there are many factors that impact the final cost.

The data below assumes a single female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It illustrates Mazda 5 insurance premiums compared to other vehicles that have different performance rating factors.

Decrease rates by maintaining coverage – Driving without insurance can get you a ticket and you will pay a penalty because you let your insurance lapse. Not only will you pay more, being ticketed for driving with no insurance could earn you fines and jail time.

Your location is a factor – Residing in smaller towns and rural areas of the country has definite advantages when trying to find low car insurance rates. Drivers who live in large cities have to deal with more auto accidents and much longer commute distances. Lower population means fewer accidents and lower theft and vandalism rates.

Higher comp and collision deductibles are cheaper – Comp and collision deductibles represent how much money you are willing to pay before a claim is paid by your company. Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your car. Some examples of claims that would be covered could be colliding with a stationary object, fire damage, and having a roll-over accident. The larger the amount you’re willing to pay, the less your company will charge you for insurance.

Rates increase with driving citations – Just one driving citation can increase rates by as much as twenty percent. Careful drivers pay lower auto insurance prices as compared to careless drivers. Drivers who have gotten careless violations such as DUI or willful reckless driving may need to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to legally drive a vehicle.

The diagram below shows how speeding tickets and accident claims can increase Mazda 5 insurance prices for different age categories. The costs are based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

More policies can equal more savings – Most insurers will award lower prices to policyholders that have more than one policy. It’s known as a multi-policy discount. This can amount to ten percent or more. Even though this discount sounds good, drivers will still want to compare Mazda 5 rates in Long Beach to ensure the best deal.

Mazda 5 historical loss data – Companies use data from past claims to calculate a rate that will offset losses. Vehicles that the data determines to have higher prevalence or dollar amount of losses will cost more for coverage. The table shown below demonstrates the actual insurance loss data for Mazda 5 vehicles.

For each policy coverage, the claim probability for all vehicles as a whole is set at 100. Values under 100 suggest losses that are better than average, while percentage numbers above 100 indicate more frequent losses or statistically larger losses.

Mazda 5 Insurance Loss Statistics
Specific Mazda Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Mazda 5 86 86 73 103 95 91

Statistics from for 2013-2015 Model Years

Shop around and save

Affordable Mazda 5 insurance in Long Beach can be bought from both online companies and with local Long Beach insurance agents, so you should compare both to have the best chance of lowering rates. Some auto insurance companies do not provide online quoting and these regional insurance providers work with independent agents.

We just covered quite a bit of information on how to lower your Mazda 5 insurance premium rates in Long Beach. The key thing to remember is the more price quotes you have, the better your chances of lowering your prices. You may even discover the lowest premium rates are with a company that doesn’t do a lot of advertising.

Drivers switch companies for any number of reasons including not issuing a premium refund, high prices, extreme rates for teen drivers and poor customer service. Whatever your reason, switching auto insurance companies can be less work than you think.

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