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.
- 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.
- 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.
- 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.
It’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.
- Early Signing – Select larger companies give a discount for buying a policy before your current coverage expires. You can save around 10% with this discount.
- Telematics Discount – Baltimore drivers who agree to allow driving data submission to track driving manner by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if their driving habits are good.
- Use Seat Belts – Requiring all passengers to fasten their seat belts could cut 10% or more off the medical payments premium.
- Own a Home and Save – Just being a homeowner can earn you a little savings because owning a home requires a higher level of personal finance.
- Distant College Student Discount – Kids who attend college more than 100 miles from Baltimore and do not have access to a covered vehicle can receive lower rates.
- Good Students Pay Less – Maintaining excellent grades can earn a discount of 20% or more. The good student discount can last up to age 25.
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.
- GEICO offers discounts including defensive driver, anti-lock brakes, multi-policy, daytime running lights, seat belt use, membership and employees, and military active duty.
- Travelers may include discounts for home ownership, multi-policy, save driver, hybrid/electric vehicle, early quote, and student away at school.
- Farm Bureau offers discounts for good student, driver training, safe driver, renewal discount, 55 and retired, multi-policy, and youthful driver.
- Liberty Mutual may offer discounts for safety features, exclusive group savings, multi-policy, hybrid vehicle, newly retired, and teen driver discount.
- American Family includes discounts for good driver, early bird, mySafetyValet, multi-vehicle, accident-free, air bags, and good student.
- Progressive has discounts for online quote discount, homeowner, good student, multi-policy, continuous coverage, and multi-vehicle.
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.
| 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 |
| Get Your Own Custom Quote Go | |||||||
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.
| 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 |
| Get Your Own Custom Quote Go | |||||||
| 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.
To 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:
- Are claim adjusters local or do you have to take your car somewhere else?
- Do they make recommendations based only on price?
- Will they take your side in the event of a claim?
- Can they provide you with a list of referrals?
- Which companies do they recommend if they are an independent agency?
- Do they prorate repair cost based on vehicle mileage?
- Is the agent and/or agency licensed to do business in Maryland?
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.
Nathan Scholze – State Farm Insurance Agent
101 St Helena Ave – Baltimore, MD 21222 – (410) 288-4120 – View Map
Mindy Andreychek – State Farm Insurance Agent
8502 Harford Rd Ste B – Baltimore, MD 21234 – (410) 668-7600 – View Map
Allstate Insurance: Donald White
733 W 40th St #311 – Baltimore, MD 21211 – (410) 467-9600 – View Map
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.
Maryland Auto Insurance (the new MAIF)
1215 E Fort Ave #300 – Baltimore, MD 21230 – (800) 492-7120 – View Map
Ugele Insurance
408 E 25th St – Baltimore, MD 21218 – (410) 366-6566 – View Map
Concrete Insurance
6405 Belair Rd – Baltimore, MD 21206 – (410) 433-0313 – View Map
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.
These are some specific questions can aid in determining if your situation would benefit from an agent’s advice.
- How do I insure my teen driver?
- How much cheaper are high deductibles?
- Is a driver training discount available?
- Is extra glass coverage worth it?
- Do I get a pro-rated refund if I cancel my policy early?
- Do I have coverage if I rent a car in Mexico?
- Will my rates increase for filing one claim?
- What can I do if my company won’t pay a claim?
- How can I get my company to pay me more for my totaled car?
- Is my Mazda 5 covered if I use it for business?
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.
- Save money by eliminating extra policy coverages – There are a lot of additional coverages that you can buy on your 5 policy. Insurance for roadside assistance, death and dismemberment, and motor club memberships are some examples. They may sound like good ideas at first, but if you don’t need them remove them and pocket the money.
- Premiums and your address – Being located in a small town may provide you with better prices when talking about auto insurance. People in densely populated areas regularly have much more traffic and longer commute times. Fewer drivers on the road means less chance of accidents as well as less vandalism and auto theft.
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Teenage driver insurance costs – Mature drivers tend to be more responsible, statistically cause fewer accidents, and are generally more financially stable. Youthful drivers are known to be less responsible when driving and because of this, their auto insurance rates are much higher.
The chart below uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
- Do thieves like your car? – Driving a car with a theft deterrent system can help bring down rates. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent car theft and help bring rates down.
- Poor credit can mean higher costs – Having a good credit score is a large factor in determining your rates. Drivers with very high credit ratings tend to be more responsible and file fewer claims than drivers who have poor credit. So if your credit history is not that good, you could save money insuring your Mazda 5 if you improve your credit rating.
- Insure car and home with the same company – Most larger insurers will award discounts to clients who have multiple policies with them such as combining an auto and homeowners policy. Even though this discount sounds good, drivers will still want to compare other company rates to help ensure you have the lowest rates. You may still be able to save even more than the discount by insuring with multiple companies.
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Insurance loss probability for a Mazda 5 – Insurance companies factor in insurance loss information when they file their rates in each state. Vehicles that the data shows to have higher prevalence or dollar amount of losses will have a higher premium rate.
The next table illustrates the historical loss data for Mazda 5 vehicles. For each type of coverage, the claim probability for all vehicles, regardless of make or model, is equal to 100. Values that are under 100 suggest losses that are better than average, while numbers that are greater than 100 show a trend for more claims or an increased chance of a larger loss.
Auto Insurance Loss Data for Mazda 5 Models Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mazda 5 86 86 73 103 95 91 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
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.
For more information, link through to the following helpful articles:
- Side Impact Crash Tests (iihs.org)
- Who Has Cheap Auto Insurance Quotes for Electric Cars in Baltimore? (FAQ)
- What Car Insurance is Cheapest for State Employees in Baltimore? (FAQ)
- Who Has Affordable Car Insurance Rates for a 20 Year Old Female in Baltimore? (FAQ)
- How Much is Auto Insurance for College Graduates in Baltimore? (FAQ)
- Distracted Driving Statistics (Insurance Information Institute)
- Vehicle Size and Weight FAQ (iihs.org)
- Crash Avoidance Technologies FAQ (iihs.org)
- Things to Know Before you Cancel Insurance (Allstate)