Cheapest Insurance for a Mazda 5 in Los Angeles

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Insurance rates Mazda 5 in Los AngelesDo you want to learn how to find low-cost auto insurance rates in Los Angeles, CA? Los Angeles drivers have many options when trying to find the best price on Mazda 5 insurance. They can either spend hours calling around to get rate comparisons or utilize the internet to make rate comparisons.

There are both good and bad ways to buy auto insurance and you need to know the proper way to get price quotes for a new or used Mazda and obtain the lowest price either online or from Los Angeles insurance agents.

It is always a good idea to compare premium rates every six months because auto insurance prices are variable and change quite frequently. Even if you think you had the best rates on Mazda 5 insurance in Los Angeles a few years ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about auto insurance because I'm going to teach you one of the easiest ways to find better rates and still maintain coverage.

If you are insured now or are just looking to switch companies, you can use these tips to shop for the lowest rates without sacrificing coverage. We hope to tell you how to compare rates easily and some tricks to saving. Comparison shoppers just have to use the quickest way to compare insurance rates online.

Best Mazda 5 insurance rate quotes in California

The following companies can provide free rate quotes in California. If more than one company is shown, we suggest you visit as many as you can to get the lowest price.

Rates and other information

The coverage information displayed below covers detailed analysis of insurance rates for Mazda 5 models. Learning a little about how rates are formulated can be valuable when making smart choices when comparing insurance quotes.

Mazda 5 Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $242 $382 $376 $22 $112 $1,134 $95
5 Touring Station Wagon $278 $464 $376 $22 $112 $1,252 $104
5 Grand Touring Station Wagon $278 $464 $376 $22 $112 $1,252 $104
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Prices do not factor in Los Angeles location which can impact prices considerably.

Car insurance deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The rates below outline how much more you'll pay of buying low and high physical damage coverage deductibles. The first data table uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.

Mazda 5 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $332 $564 $376 $22 $112 $1,431 $119
5 Touring Station Wagon $380 $686 $376 $22 $112 $1,601 $133
5 Grand Touring Station Wagon $380 $686 $376 $22 $112 $1,601 $133
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Mazda 5 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $242 $382 $376 $22 $112 $1,134 $95
5 Touring Station Wagon $278 $464 $376 $22 $112 $1,252 $104
5 Grand Touring Station Wagon $278 $464 $376 $22 $112 $1,252 $104
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rates do not factor in vehicle garaging location which can raise or lower insurance rates noticeably.

Based on these figures, using a $100 deductible will cost you about $27 more each month or $324 every year than buying the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 15 months between claims, you would save money if you choose the higher deductible. The numbers below show an example of how this determination is made.

Average monthly premium for $100 deductibles: $128
Average monthly premium for $500 deductibles (subtract): - $101
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

An important sidenote is that increasing deductibles to save money means you will have to pay more when you have a comprehensive or collision claim. You should have some non-essential savings in the event you have to pay more to get your vehicle repaired.

Impact of careless driving on car insurance rates

The information below illustrates how speeding tickets and accidents can affect Mazda 5 premium costs for different insured age categories. The information is based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

Full coverage or liability only

The example below compares Mazda 5 premium costs with and without full coverage. The prices are based on no violations or claims, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no specific rule of when to stop paying for physical damage coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let's pretend your Mazda 5 replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying the physical damage deductible. If you are paying in excess of $300 annually for physical damage coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where removing full coverage is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Los Angeles insurance discounts for a Mazda 5

Auto insurance is expensive, but you can get discounts that you may not even know about. Some discounts will apply at the time of quoting, but some discounts are required to be asked about before you will receive the discount.

  • Theft Prevention System - Vehicles that have factory alarm systems and tracking devices are stolen less frequently and earn discounts up to 10% off your Los Angeles auto insurance quote.
  • Full Payment Discount - If paying your policy premium upfront as opposed to paying monthly you can actually save on your bill.
  • Military Deployment Discount - Having a family member in the military could trigger a small discount.
  • Anti-lock Brake System - Cars with ABS braking systems or traction control prevent accidents so companies give up to a 10% discount.
  • Federal Government Employee - Active or former government employment can earn a discount up to 10% with select insurance companies.
  • Life Insurance Discount - Not every insurance company offers life insurance, but if they do you may earn a discounted price on car insurance if you buy life insurance.

A little disclaimer on discounts, most discount credits are not given to the whole policy. Most cut the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like you could get a free auto insurance policy, nobody gets a free ride.

The illustration below shows the comparison of Mazda 5 insurance costs with and without discounts applied to the rates. The rate quotes are based on a female driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, marriage, safe-driver, and multi-policy discounts applied.

To locate companies that offer some of these discounts in California, click this link.

What insurance coverages do I need?

When quoting and choosing your policy for your personal vehicles, there really is not a one-size-fits-all type of policy. Your needs are not the same as everyone else's.

For example, these questions may help you determine whether you may require specific advice.

  • Is a blown tire covered by insurance?
  • Does medical payments coverage apply to all occupants?
  • Does every company file a SR-22 automatically?
  • What does UM/UIM cover?
  • Do they offer discounts for home and auto coverage?
  • What is no-fault insurance?
  • Does my insurance cover my expensive audio equipment?
  • Why do I need rental car insurance?

If you don't know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don't have a local agent, fill out this quick form. It's fast, doesn't cost anything and you can get the answers you need.

Local Los Angeles insurance agents and insurance

A lot of people just want to talk to an insurance agent. Licensed agents are very good at helping people manage risk and help in the event of a claim. A nice benefit of comparing insurance prices online is you can get better rates and still have an agent to talk to. Supporting local insurance agents is important especially in Los Angeles.

For easy comparison, once you complete this quick form, your coverage information is transmitted to agents in your area that provide free Los Angeles auto insurance quotes to get your business. It's much easier because you don't need to even leave your home because quoted prices will be sent to you directly. If you want to get a comparison quote from a specific insurance provider, don't hesitate to go to their quote page and fill out the quote form the provide.

Independent or Exclusive: It's your choice

If you want to buy insurance from a reputable agency, there are two different agency structures and how they work. Agents are categorized either exclusive agents or independent agents. Both insure your vehicles properly, but it is important to understand the differences because it can influence your selection of an agent.

Independent Agents (or Brokers)

Agents in the independent channel are not employed by any specific company so they can insure your vehicles with any number of different companies and find you the best rates. If premiums increase, the agent simply finds a different carrier and you don't have to do anything.

When comparison shopping, we recommend you include price quotes from multiple independent agents for the best price selection. Many write coverage with different regional companies that may have much lower rates than larger companies.

Listed below is a partial list of independent agencies in Los Angeles who may provide pricing information.

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Exclusive Agencies

These type of agents have only one company to place business with and examples are Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to compare other company's rates so keep that in mind. Exclusive insurance agents are highly trained on the products they sell which can be an advantage. Many people use the same agent partially due to high brand loyalty and the convenience of having a single billing for all their coverages.

The following is a list of exclusive insurance agencies in Los Angeles that can give you rate quotes.

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Finding a good car insurance agent should include more criteria than just a cheap quote. These are some valid questions you should ask.

  • How long have they been in business?
  • Which members of your family are coverage by the policy?
  • Will they make sure you get an adequate claim settlement?
  • Do they have designations such as AIC, CPCU, or CIC?
  • Are they paid to recommend certain coverages?

Specific coverages for a Mazda 5

Learning about specific coverages of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Mazda 5.

Due to the fact that many California drivers only carry the minimum required liability limits (15/30/5), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as rolling your car, hitting a parking meter, backing into a parked car and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible on your 5 to get cheaper collision coverage.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from flooding, falling objects, fire damage and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Auto liability

Liability coverage will cover damages or injuries you inflict on other's property or people. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 15/30/5 that translate to a limit of $15,000 per injured person, a total of $30,000 of bodily injury coverage per accident, and property damage coverage for $5,000. Alternatively, you may have one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims like emergency aid, medical services and loss of income. How much coverage you buy is your choice, but buy as large an amount as possible. California requires drivers to carry at least 15/30/5 but it's recommended drivers buy more coverage.

The illustration below demonstrates why minimum state limits may not provide you with enough coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like chiropractic care, surgery, funeral costs and X-ray expenses. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Get the best coverage at the best price

People change insurance companies for many reasons like denial of a claim, high rates after DUI convictions, questionable increases in premium or poor customer service. It doesn't matter what your reason, switching auto insurance companies is pretty easy and you might even save some money in the process.

Budget-conscious Mazda 5 insurance can be sourced online and also from your neighborhood Los Angeles agents, so you should compare both to get a complete price analysis. Some companies may not offer online rate quotes and most of the time these smaller providers provide coverage only through local independent agencies.

When searching for affordable Los Angeles auto insurance quotes, don't be tempted to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice liability coverage limits only to regret that the small savings ended up costing them much more. The goal is to buy enough coverage for the lowest price, not the least amount of coverage.

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