Best Ways to Save on Baltimore Mazda 5 Insurance

If you want to save the most money, the best way to find cheaper prices for auto insurance rates is to compare quotes annually from companies who provide auto insurance in Baltimore. Price quotes can be compared by following these steps.

  1. Spend some time learning about how companies set rates and the measures you can control to keep rates in check. Many risk factors that result in higher prices like traffic violations and a negative credit rating can be controlled by improving your driving habits or financial responsibility.
  2. Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO or State Farm, while independent agents can quote prices for a wide range of companies.
  3. Compare the new quotes to your existing rates and determine if cheaper 5 coverage is available. If you can save money and switch companies, make sure there is no coverage gap between policies.

A valuable tip to remember is to use similar limits and deductibles on each price quote and and to get price quotes from as many companies as possible. Doing this provides an apples-to-apples comparison and the best price quote selection.

Insurance quote for Mazda 5 in BaltimoreIt’s shocking but most auto insurance customers have been with the same company for over three years, and just short of a majority have never compared rate quotes at all. Maryland drivers can save almost $800 each year, but they just don’t want to compare rates and save money.

How to compare free Baltimore Mazda 5 insurance quotes

When shopping for affordable Baltimore auto insurance quotes, there are a couple of ways of comparing rates from different companies. By far the easiest way to find affordable Mazda 5 insurance rates is to perform an online rate comparison.

It’s so fast and easy to compare rate quotes online that it replaces the need to make phone calls or go to each insurance agency near you. The internet has reduced the need for local agents unless you require the professional assistance of a local agency. Drivers can get prices online and have a local agent actually service the policy.

When comparing car insurance rates, know that having more price comparisons will increase your chances of finding a better price. Not every company provides Baltimore 5 insurance quotes over the internet, so it’s important to also get quotes from them as well.

The following companies can provide free rate quotes in Maryland. To get the cheapest auto insurance in Baltimore, MD, we suggest you visit two to three different companies to get the most affordable price.

Lower-cost Baltimore car insurance rates with discounts

Companies don’t list their entire list of discounts in a way that’s easy to find, so the next list breaks down both well-publicized and also the lesser-known savings tricks you should be using when you buy Baltimore auto insurance online.Save money with discounts

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. Most only apply to the price of certain insurance coverages like comp or med pay. Despite the appearance that it’s possible to get free car insurance, that’s just not realistic. But all discounts should definitely cut your policy premium.

The illustration below shows the difference between Mazda 5 car insurance costs with and without discounts applied to the policy rates. The data is based on a male driver, no claims or driving citations, Maryland state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, multi-car, claim-free, and marriage discounts applied.

A few of the larger companies and their offered discounts can be found below.

When getting free Baltimore auto insurance quotes, it’s a good idea to each insurance company how many discounts you can get. Some credits may not apply to policies in your area. To see a list of companies that provide some of the discounts listed above in Maryland, click this link.

Mazda 5 insurance coverage information

The premium information displayed below covers detailed analysis of insurance premium costs for Mazda 5 models. Being more informed about how insurance premiums are established can be valuable when making decisions on which coverage to buy.

Mazda 5 Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $192 $344 $390 $24 $116 $1,066 $89
5 Touring Station Wagon $220 $418 $390 $24 $116 $1,168 $97
5 Grand Touring Station Wagon $220 $418 $390 $24 $116 $1,168 $97
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in your specific Baltimore location which can affect premium rates greatly.

Can higher deductibles save money?

One frequently asked question is which deductibles should you choose. The rates shown below approximate the rate differences when you choose different physical damage deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second rate chart uses a $500 deductible.

Mazda 5 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $274 $434 $346 $20 $104 $1,203 $100
5 Touring Station Wagon $314 $528 $346 $20 $104 $1,337 $111
5 Grand Touring Station Wagon $314 $528 $346 $20 $104 $1,337 $111
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Mazda 5 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $222 $350 $346 $20 $104 $1,042 $87
5 Touring Station Wagon $256 $426 $346 $20 $104 $1,152 $96
5 Grand Touring Station Wagon $256 $426 $346 $20 $104 $1,152 $96
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in zip code location which can decrease or increase premium rates substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $14 more each month or $168 a year across all Mazda 5 models than requesting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 18 months between claims, you would probably save some money by going with a higher deductible. Here is a better example of how you can make your own decision.

Average monthly premium for $250 deductibles: $107
Average monthly premium for $500 deductibles (subtract): – $93
Monthly savings from raising deductible: $14
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Safe drivers pay less for insurance

The example below shows how speeding tickets and accidents drive up Mazda 5 premium costs for each different age group. The rate quotes are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.

Insurance premiums based on gender

The information below visualizes the comparison of Mazda 5 insurance rates for male and female drivers. The information is based on no tickets, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

Rate difference between full and liability-only coverage

The chart below compares Mazda 5 premium costs with liability coverage only compared to full coverage. The information is based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are taken into consideration.

When to eliminate full coverage

There isn’t a steadfast formula of when to phase out physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s say your Mazda 5 replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $8,000 after you pay the deductible. If premium cost is more than $800 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are a few cases where removing full coverage is not recommended. If you still have a loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should maintain full coverage.

Independent versus exclusive insurance agencies

A small number of people prefer to talk to a local agent and we recommend doing that The biggest benefit of comparing rate quotes online is that you can obtain the best rates and still have an agent to talk to.

Baltimore insurance agentsTo make it easy to find an agent, after completing this quick form, the quote information gets sent to agents in your area who want to provide quotes for your car insurance coverage. You don’t have to find an agent as quotes are delivered immediately to you. You can get cheaper car insurance rates and an insurance agent to talk to. If you want to get a comparison quote from a specific car insurance provider, feel free to find their quoting web page and fill out the quote form the provide.

Picking the best insurer requires you to look at more than just the bottom line cost. Some important questions to ask are:

When finding a reputable insurance agent or broker, there are two types of agencies and how they can quote your rates. Insurance agencies in Baltimore can be categorized as either independent agents or exclusive agents.

Exclusive Agencies

These agents generally can only insure with one company such as Allstate, State Farm and Farm Bureau. These agents are not able to place coverage with different providers so they have no alternatives for high prices. Exclusive agents are usually well trained in insurance sales and that can be a competitive advantage.

Shown below are Baltimore exclusive insurance agencies who may provide you with price quote information.

101 St Helena AveBaltimore, MD 21222(410) 288-4120View Map

Mindy Andreychek – State Farm Insurance Agent
8502 Harford Rd Ste BBaltimore, MD 21234(410) 668-7600View Map

733 W 40th St #311Baltimore, MD 21211(410) 467-9600View Map

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Independent Agents

Independent agencies do not sell for just one brand so as a result can place your coverage with lots of companies and find the cheapest car insurance rates. If prices rise, your agent can just switch to a different company and the insured can keep the same agent. When comparing car insurance prices, it’s recommended you get quotes from independent agents for maximum quote selection.

Shown below are independent insurance agents in Baltimore that can give you comparison quotes.

1215 E Fort Ave #300Baltimore, MD 21230(800) 492-7120View Map

408 E 25th StBaltimore, MD 21218(410) 366-6566View Map

6405 Belair RdBaltimore, MD 21206(410) 433-0313View Map

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Everyone needs different car insurance coverages

When quoting and choosing the right insurance coverage, there really is no “best” method to buy coverage. Every situation is different.Higher deductibles save money

These are some specific questions can aid in determining if your situation would benefit from an agent’s advice.

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Why Your Insurance Premiums might be higher

Many things are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, but other factors are not as apparent such as your marital status or your financial responsibility.

Car insurance in Maryland serves several purposes

Even though Baltimore 5 insurance rates can get expensive, paying for car insurance serves a purpose in several ways.

First, the majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability coverage in order to drive the car. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you have a lien on your car, most banks will require you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender will be forced to insure your Mazda at a more expensive rate and require you to pay the higher premium.

Third, car insurance protects both your assets and your vehicle. It also can pay for hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of your driving. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of having car insurance more than cancel out the cost, particularly for liability claims. Despite what companies tell you, the average driver overpays more than $700 annually so compare quotes from several companies at least once a year to ensure rates are competitive.

Don’t give up on cheaper rates

Consumers leave their current company for a variety of reasons including denial of a claim, unfair underwriting practices, high rates after DUI convictions or even being labeled a high risk driver. Regardless of your reason, finding a new car insurance company is not as difficult as it may seem.

As you quote Baltimore auto insurance, never reduce needed coverages to save money. In many instances, consumers will sacrifice comprehensive coverage or liability limits only to find out that it was a big mistake. Your strategy should be to buy a smart amount of coverage at an affordable rate and still be able to protect your assets.

You just learned a lot of ways to save on Mazda 5 insurance in Baltimore. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may even discover the best price on car insurance is with a small mutual company.

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