It’s shocking but about 70% of customers have remained with the same car insurance company for at least four years, and just short of a majority have never compared rates to find affordable insurance. With the average car insurance premium being $1,580, Arizona drivers can save almost 50% each year just by comparing rates, but they think it’s difficult to find affordable insurance by shopping around.
The preferred way to get affordable car insurance rates in Chandler is to compare prices annually from providers that insure vehicles in Arizona. You can compare prices by following these steps.
- Step 1: Try to comprehend how auto insurance works and the things you can control to keep rates low. Many risk factors that cause rate increases such as accidents, traffic tickets, and a less-than-favorable credit score can be eliminated by making minor changes in your lifestyle.
- Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive or Allstate, while agents who are independent can quote prices from multiple companies.
- Step 3: Compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Chandler. If you find a better price and change companies, make sure there is no lapse in coverage.
- Step 4: Give proper notification to your current agent or company to cancel your current car insurance policy and submit a down payment and signed policy application to the new insurer. Immediately upon receiving it, keep your new proof of insurance certificate in an easily accessible location in your vehicle.
One tip to remember is that you’ll want to make sure you compare the same level of coverage on every price quote and and to get price estimates from as many different companies as possible. This enables an accurate price comparison and a thorough price selection.
Mazda 6 insurance analysis
The premium table shown next outlines detailed analysis of coverage prices for Mazda 6 models. Having knowledge of how insurance rates are formulated can benefit drivers when making decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|6 I Sport 4-Dr Sedan||$162||$324||$338||$20||$102||$946||$79|
|6 I SV 4-Dr Sedan||$162||$324||$338||$20||$102||$946||$79|
|6 I Touring 4-Dr Sedan||$162||$324||$338||$20||$102||$946||$79|
|6 I Touring Plus 4-Dr Sedan||$182||$324||$338||$20||$102||$966||$81|
|6 I Touring Plus 4-Dr Sedan||$182||$324||$338||$20||$102||$966||$81|
|6 I Grand Touring 4-Dr Sedan||$182||$382||$338||$20||$102||$1,024||$85|
|6 S Touring Plus 6 Cyl 4-Dr Sedan||$182||$382||$338||$20||$102||$1,024||$85|
|6 S Touring Plus 4-Dr Sedan||$182||$382||$338||$20||$102||$1,024||$85|
|6 S Grand Touring 4-Dr Sedan||$182||$382||$338||$20||$102||$1,024||$85|
|6 S Grand Touring 6 Cyl 4-Dr Sedan||$182||$382||$338||$20||$102||$1,024||$85|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in specific zip code location which can revise rates greatly.
Annual premiums for males versus females in Chandler
The example below shows the difference between Mazda 6 insurance rates for male and female drivers. The rate quotes are based on no claims, a clean driving record, full physical damage coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.
Mazda 6 liability-only versus full coverage
The chart below compares Mazda 6 annual premium costs when comparing full coverage to state minimum liability only. The costs are based on no accidents, no driving violations, $500 deductibles, drivers are not married, and no policy discounts are applied.
When to stop buying full coverage
There is no exact formula for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s pretend your Mazda 6 replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the deductible is paid. If premiums are more than $700 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some circumstances where removing full coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Insurance quotes and discounts
Not many people think insurance is cheap, but you might be missing out on some discounts that could help you make your next renewal payment. Certain reductions will be credited when you get a quote, but a few need to be inquired about prior to getting the savings.
- Professional Memberships – Belonging to certain professional organizations is a simple method to lower premiums on insurance.
- Discount for Life Insurance – Insurance carriers who offer life insurance give a break if you buy a life policy as well.
- ABS Braking Discount – Cars, trucks, and SUVs equipped with ABS or steering control have fewer accidents and qualify for as much as a 10% discount.
- Pay Upfront and Save – If you can afford to pay the entire bill instead of making monthly payments you can avoid the installment charge.
- Multi-policy Discount – If you can combine your homeowners and auto policy and insure them with the same company you could earn a discount of at least 10% off all policies.
- No Charge for an Accident – Not necessarily a discount, but some companies like Allstate and GEICO will forgive one accident before your rates go up as long as you don’t have any claims for a certain period of time.
- Early Signing – A few companies give discounts for buying a new policy early. It can save you around 10%.
- Multi-car Discount – Drivers who insure multiple cars with the same company qualifies for this discount.
We need to note that most discounts do not apply to the entire cost. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, you won’t be that lucky. But all discounts will reduce the premium cost.
The diagram below shows the difference between Mazda 6 premium costs with and without discounts applied to the policy premium. The data is based on a male driver, no claims or violations, Arizona state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, marriage, safe-driver, and multi-policy discounts applied.
Some of the larger companies that may offer these benefits are:
If you want low cost Chandler auto insurance quotes, ask all companies you are considering what discounts are available to you. Savings might not be offered in Chandler.
Auto insurance coverage considerations
Having a good grasp of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages found on most auto insurance policies.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mazda 6.
Due to the fact that many Arizona drivers only carry the minimum required liability limits (Arizona limits are 15/30/10), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like surgery, nursing services, hospital visits, funeral costs and dental work. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things such as fire damage, theft, damage from a tornado or hurricane, damage from getting keyed and falling objects. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Liability auto insurance
Liability insurance will cover damage or injury you incur to other’s property or people. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 15/30/10 that means you have a $15,000 limit per person for injuries, a per accident bodily injury limit of $30,000, and $10,000 of coverage for damaged property.
Liability coverage pays for things such as court costs, loss of income and medical expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Arizona state law requires minimum liability limits of 15/30/10 but it’s recommended drivers buy more liability than the minimum.
The illustration below shows why minimum state limits may not be high enough to cover claims.
Auto collision coverage
Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims like scraping a guard rail, sideswiping another vehicle, hitting a parking meter, crashing into a building and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. You can also increase the deductible on your 6 to save money on collision insurance.
You can lower your auto insurance rates
As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. There are many occasions where someone dropped liability coverage limits only to discover later that the savings was not a smart move. Your goal should be to buy the best coverage you can find at an affordable rate, but don’t skip important coverages to save money.
We just showed you many tips how you can save on Mazda 6 insurance in Chandler. The most important thing to understand is the more times you quote, the better your chances of lowering your premium rates. You may even be surprised to find that the lowest car insurance rates are with a company that doesn’t do a lot of advertising. They may only write in your state and offer lower premium rates compared to the large companies like State Farm or Progressive.
Additional information can be found on the following sites:
- Neck Injury FAQ (iihs.org)
- How Much are Chandler Car Insurance Quotes for a Toyota Highlander? (FAQ)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Insuring a Leased Car (Insurance Information Institute)