Choosing a car insurance company from which to purchase Mazda insurance can be overwhelming.
Some insurance providers offer extremely low auto insurance rates while claiming to provide “the best” coverage and “fast and easy” claims.
Others will likely seem downright expensive for the same levels of insurance coverage.
Keep in mind that rates aren’t necessarily the most important thing to look at when shopping for car insurance quotes.
The best companies may not offer the lowest car insurance costs, but they do provide plenty of coverage options, a convenient claims process, and customer service that goes above and beyond what’s expected.
Additionally, many offer discounted rates meant to reward policyholders for buying safer vehicles or for having a good driving record.
Something else to think about while shopping for the best car insurance is the method that top companies use to calculate your vehicle insurance rate.
While they do take your age, gender, and driving record into consideration, the most significant factor in determining your insurance price is the make and model of your vehicle or the MSRP.
Insurers evaluate several elements regarding your specific car, such as its safety ratings, its likelihood of theft, and the cost of repairs in the event of property damage.
The better you understand how car insurance rates are determined, the more likely you’ll find a policy that offers the best value.
How Much Does It Cost To Insure A Mazda?
On average a Mazda vehicle owner pays around $135 per month for auto insurance or about $1600 a year.
When you’re shopping for Mazda insurance, you may find that the pricing ranges from dirt cheap all the way up to incredibly expensive.
It’s essential to look beyond the rate to make sure you’re getting a good value for the price you pay.
How much coverage you receive, customer satisfaction ratings from real customers, and the financial strength of the company are all things to research to decide if the quoted price is reasonable.
Several factors go into calculating insurance rates, even your location. Car insurance prices in New York may cost more than the same policy in Missouri.
Below, you can find a breakdown of these factors along with other important considerations that can affect a Mazda driver.
Safety Rating and Damage Threshold
The Insurance Institute for Highway Safety (IIHS) performs safety testing on hundreds of cars, trucks, SUVs, and minivans each year.
It rates vehicles across several categories, providing one of four grades: G (Good), A (Acceptable), M (Marginal), or P (Poor).
Many of Mazda’s vehicles have been tested and received passing grades by the IIHS. Here are two good examples:
2020 Mazda 6
The 2020 Mazda 6, a midsize car, was named a Top Safety Pick by the IIHS.
It performed exceptionally well in all safety testing, and the IIHS assigned a rating of “G” in all categories except for headlights, which was rated both a “G” and “A.”
Child Safety Seat Anchors (Ease of Use) was assigned a rating of “G+” based on the vehicle’s extra latches.
Additional testing was also performed on the vehicle’s Front Crash Prevention, and with these optional features, the Mazda 6 was rated “Superior” in this category.
2020 Mazda CX-9
Another Top Safety Pick, the 2020 Mazda CX-9, performed almost as well as the Mazda 6.
A “G” rating was assigned in each category except Headlights earning an “M”.
Again, additional testing was performed on the Mazda CX-9’s Front Crash Prevention, and with optional equipment, it received a “Superior” rating.
The positive ratings that Mazda’s vehicles received in crash and safety tests should result in lower insurance rates for these vehicles, based on the lower risk they present to insurance companies.
Comprehensive and Collision Coverage
Your Mazda’s overall value plays a significant role in the price you pay for your insurance policy.
Companies determine your vehicle’s value based on the year, model, condition, and included features.
The following examples are based on cars that are in good condition and located in ZIP code 90055:
According to Kelley Blue Book, the value of a 2020 Mazda 6 Sports Sedan 4D averages out around $24,100.
The 2020 Mazda CX-9 Touring Sports Utility 4D is quite a bit higher, starts at $33,890.
But prices will vary based on the Mazda model and trim package you choose. For instance, the Mazda MX-5 Miata is going to cost more to insure as a sports car than a Mazda CX-3, Mazda 3 or Mazda 2. If a car accident were to occur, the overall cost of replacement comes into play.
Claims Frequency and Potential to Cause Damage
The IIHS publishes information on insurance loss as it relates to specific cars and rates vehicles in several loss categories.
It determines the frequency of claims and the dollar amount of claims for a variety of cars.
Here’s how some of Mazda’s cars performed according to the IIHS’s 2015-2017 Insurance Loss Report:
|LOSS CATEGORY||MAZDA 6||MAZDA CX-9 4WD (4-door)|
These average ratings should prevent any increase in insurance premiums due to excessive losses by this make of vehicle.
If you’re driving a Mazda built with the latest safety features, you can probably qualify for discounts from some of the top insurance companies like Allstate.
In recent years, Mazda has become well-known for creating vehicles with advanced safety technologies.
Mazda’s i-ACTIVSENSE comes standard in most newer models and includes features that automatically control speed to maintain a safe distance from surrounding vehicles, as well as controls that prevent sudden accidental acceleration and front, side and rear sensors that exist to avoid collisions.
These technologies designate Mazda as a safer make of vehicle, a feature that is likely to contribute to a lower insurance rate.
Most insurance providers will offer motorist discounts if you bundle your home insurance or life insurance with your car insurance.
Getting a Quote: What Are the Best Companies for Mazda Insurance?
When you’re shopping for car insurance for your Mazda, or for any other make of vehicle, it’s a good idea to obtain quotes and coverage details from several companies before settling on a policy.
In addition to analyzing each company’s rates and coverage, it’s important to consider the following:
- Financial strength – This may seem odd, but it speaks to the company’s ultimate ability to meet its financial responsibilities.
- Licenses held by both the agent and insurance company – Finding out these numbers and researching them can find any formal complaints or legal action against the agent or insurer.
- Customer service – Other than simply asking neighbors, family, or friends about their experiences with a given company, it’s also good to do some extra sleuthing, as this can help find any red flags.
- Your comfort level with the agent – Though interactions with your agent will likely be limited to the initial insurance purchase, it’s still important that you feel like your needs are being met, and you’re not being strong armed into a contract.
When you meet with a representative of your chosen insurance company, be sure to ask the following questions to obtain the best possible insurance rate:
- Do you offer discounted prices to good drivers or accident-free drivers?
- If I bundle my policies am I eligible for a lower rate?
- Do the safety features in my vehicle qualify me for any discounts?
- If I pay in full or set up automatic payments, will I pay less?
What to Know About Mazda
Mazda is a Japanese automaker that produces a wide range of models including sedans, SUVs, and hatchbacks.
For several decades, Mazda was involved in a partnership with Ford.
However, since 2015 it’s been an independent manufacturer.
Recently, Mazda has become renowned for producing well-performing vehicles with high safety ratings.
With the above information, you should have a good understanding of how insurance companies calculate Mazda insurance rates.
Use these details to negotiate a fair price for your policy and to be confident in asking for discounts whenever it feels appropriate.*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.