We don’t have to tell you that car insurance companies want to keep you from comparing rates. People who compare other rates will presumably move their business because of the good chance of finding a lower-priced policy. A survey found that consumers who regularly compared price quotes saved as much as $860 a year compared to people who never shopped for cheaper rates.
If finding the most affordable Mazda 5 insurance is the reason for your visit, then having an understanding of how to quote prices and compare insurance rates can help make the process easier and more efficient.
The preferred way to get budget auto insurance rates in Greensboro is to start comparing prices regularly from insurers who provide auto insurance in North Carolina.
First, read about the different coverages in a policy and the measures you can take to drop your rates. Many factors that increase rates like tickets, at-fault accidents, and a substandard credit history can be rectified by making minor driving habit or lifestyle changes. Later in this article we will cover more details to find cheap rates and get additional discounts that may have been overlooked.
Second, compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agencies can quote prices from many different companies.
Third, compare the quotes to your existing rates to see if a cheaper rate is available. If you find a lower rate quote and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, give notification to your agent or company to cancel your existing policy and submit a down payment along with a completed application for your new coverage. As soon as coverage is bound, put the certificate of insurance somewhere easily accessible.
One piece of advice is that you’ll want to compare the same amount of coverage on every quote and and to get rate quotes from as many car insurance companies as possible. This helps ensure a level playing field and a complete selection of prices.
It’s important to know that comparing more quotes will increase your chances of finding better pricing.
The companies shown below can provide price comparisons in Greensboro, NC. To buy cheap auto insurance in NC, we recommend you visit two to three different companies to get the lowest price.
Rates and statistics
The premium table shown next outlines a range of policy rates for Mazda 5 models. Understanding more about how insurance prices are established can benefit drivers when making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $160 | $312 | $222 | $14 | $66 | $774 | $65 |
| 5 Touring Station Wagon | $184 | $380 | $222 | $14 | $66 | $866 | $72 |
| 5 Grand Touring Station Wagon | $184 | $380 | $222 | $14 | $66 | $866 | $72 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Prices do not factor in zip code location which can decrease or increase price quotes noticeably.
Where to set your deductibles
One of the more difficult decisions when buying car insurance is which deductibles should you choose. The comparison tables below may help to illustrate how much more you’ll pay when you choose different comp and collision deductibles. The first rate comparisons uses a $250 physical damage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $168 | $266 | $212 | $12 | $64 | $747 | $62 |
| 5 Touring Station Wagon | $192 | $324 | $212 | $12 | $64 | $829 | $69 |
| 5 Grand Touring Station Wagon | $192 | $324 | $212 | $12 | $64 | $829 | $69 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $104 | $168 | $212 | $12 | $64 | $560 | $47 |
| 5 Touring Station Wagon | $118 | $204 | $212 | $12 | $64 | $610 | $51 |
| 5 Grand Touring Station Wagon | $118 | $204 | $212 | $12 | $64 | $610 | $51 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in vehicle location which can influence premium rates substantially.
Using the data above, we can ascertain that using a $250 deductible will cost you roughly $17 more each month or $204 for a full year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 44 months between claims, you would save more money if you decide on a higher deductible.
Greensboro car insurance discounts
The price of auto insurance can be rather high, but you can get discounts to cut the cost considerably. Certain discounts will be applied when you purchase, but once in a while a discount must be specifically requested before you get the savings.
- Theft Deterrent System – Cars and trucks equipped with tracking devices and advanced anti-theft systems help deter theft and can earn a small discount on your policy.
- Lower Rates for Military – Being on active deployment in the military may lower your premium rates slightly.
- Good Student Discount – Being a good student can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.
- Air Bag Discount – Factory air bags could see savings as much as 30%.
- Data Collection Discounts – Greensboro drivers who agree to allow their insurance company to track driving manner remotely such as Drivewise from Allstate or Snapshot from Progressive could save a few bucks if they have good driving habits.
- Anti-lock Brakes – Cars equipped with ABS or steering control can reduce accidents and the ABS can save up to 10%.
- Mature Driver Discount – If you’re over the age of 55, you could receive reduced rates.
Discounts save money, but please remember that some of the credits will not apply to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. Even though the math looks like all the discounts add up to a free policy, companies wouldn’t make money that way.
The chart below compares Mazda 5 annual premium costs with and without discounts applied to the premium. The rates are based on a male driver, no claims or driving violations, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, homeowner, multi-car, and marriage discounts applied.
Some companies that may offer policyholders these money-saving discounts are:
When quoting, ask every insurance company which credits you are entitled to. Some discounts listed above might not be offered in your area. To see car insurance companies who offer car insurance discounts in Greensboro, click this link.
Here’s why insurance is not optional
Despite the high cost of buying insurance for a Mazda 5 in Greensboro, insurance is not optional due to several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to buy a specific level of liability in order to get the vehicle licensed. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Mazda 5, more than likely the lender will stipulate that you have full coverage to guarantee their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Mazda for a much higher rate and force you to reimburse them for the much more expensive policy.
- Insurance protects both your car and your assets. Insurance will pay for medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage.
The benefits of buying enough insurance are without a doubt worth the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver is overpaying over $800 each year so shop around at every renewal to help ensure money is not being wasted.
Your car insurance coverage should be tailored to you
When it comes to buying adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that
These are some specific questions might point out if you might need professional guidance.
- Can I get a multi-policy discount for packaging my home and auto coverage?
- What is the rate difference between pleasure use and commuting?
- Should I rate my vehicle as business use?
- What exactly is covered by my policy?
- Does insurance cover damages from a DUI accident?
- What does roadside assistance cover?
- Is my custom paint covered by insurance?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.
Buying from auto insurance agents
Many people still prefer to have an agent’s advice and doing so can bring peace of mind One of the benefits of getting online price quotes is the fact that drivers can get lower rates but still work with a licensed agent. And supporting neighborhood insurance agencies is still important in Greensboro.
To make it easy to find an agent, after completing this form (opens in new window), your information is immediately sent to local insurance agents who will return price quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to even leave your home because quoted prices will be sent immediately to you. You can find better rates without a big time investment. If you need to compare rates from a specific insurance provider, just search and find their rate quote page and fill out the quote form the provide.
Finding the right provider requires more thought than just the quoted price. Some important questions to ask are:
- Can you choose the body shop in case repairs are needed?
- Are all drivers listed on the coverage quote?
- Do they write coverage based solely on cost?
- Does the agency support the community they serve?
- Will your rates increase after a single accident?