Save Money on Mazda 3 Insurance in Irvine

I really doubt anyone rejoices having to buy insurance, especially when the price is too high.

Surprisingly, a recent survey revealed that most drivers kept their policy with the same company for at least four years, and just under half have never compared rate quotes at all. With the average insurance premium being $1,387, Irvine drivers could save an average of nearly $500 each year, but they underestimate the rate savings if they just switched companies. Since drivers have many insurance companies to choose from that have cheap insurance for a Mazda 3 in Irvine, it can be impossible to pick the most affordable insurance provider.

It’s a great practice to shop coverage around before your next renewal due to the fact that insurance prices are rarely the same from one policy term to another. If you had the best price on Mazda 3 insurance in Irvine at your last renewal there may be better deals available now. There is lot of inaccurate information about 3 insurance online but in this article, you’re going to get the best ways to lower your insurance rates in Irvine.

The quickest method we recommend to compare car insurance rates for Mazda 3 insurance in Irvine takes advantage of the fact auto insurance companies actually pay money for the chance to provide you with a free rate quote. To get started, all you need to do is provide a little information including the ages of drivers, any included safety features, the type of vehicles you drive, and your education level. The rating information is instantly sent to many of the top insurers and they return cost estimate with very little delay.

To check rates for your Mazda 3 now, click here and enter your zip code.

The companies shown below offer quotes in Irvine, CA. To find the cheapest auto insurance in CA, it’s highly recommended you click on several of them in order to get a fair rate comparison.

Statistics and details

The price information shown next showcases estimates of insurance costs for Mazda 3 models. Learning a little about how auto insurance policy rates are formulated can help guide drivers when making decisions on which insurance to purchase.

Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Estimates do not factor in garaging location in Irvine which can impact prices greatly.

Choosing deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The rates below illustrate the rate fluctuation when you select higher and lower policy deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in specific zip code location which can affect prices greatly.

Based on this data, using a $250 deductible would cost the average driver about $18 more each month or $216 a year than requesting the higher $500 deductible. Since you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go more than 14 months between claims, you would probably be better off if you decide on a higher deductible.

Impact of violations and accidents on rates

The information below illustrates how speeding tickets and at-fault collisions can affect Mazda 3 insurance rates for different insured age categories. The information is based on a married female driver, full coverage, $100 deductibles, and no discounts are applied.

Full coverage rates compared to liability-only

The chart below shows the difference between Mazda 3 auto insurance costs with full coverage compared to only the California minimum liability coverage. The data is based on no claims, a clean driving record, $100 deductibles, single status, and no policy discounts are applied.

Should you buy full coverage or liability only?

There is no clear-cut formula that is best for determining when to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s assume your Mazda 3 book value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If premiums are more than $800 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in case of an accident, you should maintain full coverage.

Save Money with These Tips

Multiple criteria are considered when you quote your car insurance policy. A few of the factors are predictable like an MVR report, although others are more transparent like where you live or how safe your car is. An important part of buying insurance is that you know some of the elements that help calculate the rates you pay for car insurance. When consumers understand what controls the rates you pay, this helps enable you to make changes that could result in lower car insurance prices.

The items below are most of the major factors companies use to determine your rate level.

• Your credit score is important – An insured’s credit score can be an important factor in determining premium rates. Therefore, if your credit history leaves room for improvement, you may save money insuring your Mazda 3 if you improve your credit rating. Consumers who have good credit tend to be better risks to insure than those with worse credit.
• Put fewer miles on your vehicle – The more miles you rack up on your Mazda every year the higher the price you pay to insure it. Most companies rate vehicles based upon how you use the vehicle. Autos left parked in the garage can be on a lower rate level than those used for commuting. It’s a smart idea to ensure your declarations sheet correctly shows the correct driver usage. Improper usage on your 3 is throwing money out the window.
• High insurance claims frequency drives up rates – Auto insurance companies in California provide cheaper rates to people that do not abuse their auto insurance. If you’re an insured who likes to file claims you can definitely plan on increased rates or even have your policy non-renewed. Your car insurance is intended to be relied upon for more catastrophic claims.
• Car insurance rates and your occupation – Do you have a high-stress occupation? Occupational choices like military personnel, police officers, and dentists tend to have higher average rates in part from intense work situations and lots of time spent at work. On the flip side, careers such as professors, historians and performers generally pay rates lower than average.
• What are your deductibles? – Protection for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Some examples of covered claims would be a broken windshield, damage caused by hail, and rolling your vehicle. The deductibles are the amount of money you are willing to pay if a covered claim is submitted. The more money you pay before a claim is paid (deductible), the bigger discount you will receive.

• Gender is a factor – Statistics show that women are safer drivers than men. It does not mean women are BETTER drivers than men. Both genders cause at-fault accidents in similar numbers, but men cause more damage and cost insurance companies more money. They also get higher numbers of serious violations such as reckless driving.

  The information below shows the difference between Mazda 3 premium costs for male and female drivers. Data assumes no tickets, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, single status, and no other discounts are factored in.

• Alarm systems save money – Buying a car with a theft deterrent system can help bring down rates. Theft deterrent systems like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.

• Mazda 3 insurance loss data – Companies factor in historical loss data to help determine rates. Models that statistically have a trend towards higher claim severity or frequency will have higher rates.

  The table below demonstrates the insurance loss data used by companies for Mazda 3 vehicles. For each coverage type, the claim amount for all vehicles, as a total average, is represented as 100. Values that are under 100 suggest losses that are better than average, while numbers that are greater than 100 point to more frequent losses or statistically larger losses.

  
  

  Mazda 3 Insurance Loss Statistics

  Specific Mazda Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Mazda 3	99	104	96	106	110	103
  Mazda 3 Hatchback	91	80	96	81	73	86

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Three main reasons to buy car insurance

Despite the high cost of buying insurance for a Mazda 3 in Irvine, maintaining insurance serves an important purpose.

• Just about all states have compulsory liability insurance requirements which means you are required to buy specific minimum amounts of liability protection in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If your Mazda 3 has a lienholder, it’s most likely the lender will require that you have physical damage coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Mazda at an extremely high rate and make you pay the higher premium.
• Insurance safeguards both your Mazda 3 and your personal assets. It will also cover most medical and hospital costs incurred in an accident. Liability insurance will also pay for a defense attorney if you are sued as the result of an accident. If you have damage to your Mazda as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your 3 are definitely more than the cost, especially for larger claims. An average driver in America is currently overpaying as much as $850 per year so shop around every year to save money.

California auto insurance companies

Ending up with the top auto insurance provider can be challenging considering how many different companies sell coverage in California. The information in the next section may help you choose which insurers you want to consider comparing rates with.

Top 10 Irvine Car Insurance Companies Ranked by Customer Service

1. AAA of Southern California
2. GEICO
3. State Farm
4. The Hartford
5. Mercury Insurance
6. The General
7. Progressive
8. Allstate
9. AAA Insurance
10. American Family

Top 10 Irvine Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. Travelers – A++
3. State Farm – A++
4. GEICO – A++
5. Esurance – A+
6. Nationwide – A+
7. Allstate – A+
8. Mercury Insurance – A+
9. Progressive – A+
10. Titan Insurance – A+