Mazda 3 insurance rates image courtesy of QuoteInspector.com
It's amazing but nearly 70% of customers have purchased from the same company for at least the last four years, and roughly 40% of drivers have never shopped around. Maryland consumers could save an average of about 55% each year, but they don't understand how simple it is to find affordable insurance rates.
The recommended way to find the cheapest price for Mazda 3 insurance is to start comparing rates regularly from different companies who provide car insurance in Baltimore. Rates can be compared by following these steps.
- Gain an understanding of how companies set rates and the modifications you can make to prevent expensive coverage. Many factors that drive up the price like accidents, traffic violations, and a negative credit rating can be remedied by making minor changes in your lifestyle. Read the full article for ideas to help prevent expensive coverage and find overlooked discounts.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agents can quote prices for many different companies. Start a quote
- Compare the new rate quotes to the price on your current policy to see if a cheaper price is available in Baltimore. If you can save money, make sure coverage is continuous and does not lapse.
The most important part of shopping around is that you use identical coverage information on each quote request and and to get rates from as many auto insurance providers as possible. Doing this ensures the most accurate price comparison and and a good selection of different prices.
If you have coverage now or just want a better rate, you can use these tips to shop for the lowest rates and still have adequate protection. Quoting and comparing rates for the most affordable policy in Baltimore is easy if you know what you're doing. Drivers just need to know the most time-saving way to find the lowest price from many different companies.
Data for Mazda 3 insurance
The data table below covers detailed analysis of insurance prices for Mazda 3 models. Learning how rate quotes are calculated can help drivers make smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $176 | $306 | $418 | $24 | $126 | $1,050 | $88 |
| 3 I SV 4-Dr Sedan | $176 | $306 | $418 | $24 | $126 | $1,050 | $88 |
| 3 I Touring 4-Dr Sedan | $176 | $360 | $418 | $24 | $126 | $1,104 | $92 |
| 3 S Sport 4-Dr Hatchback | $200 | $360 | $418 | $24 | $126 | $1,128 | $94 |
| 3 S Sport 4-Dr Sedan | $200 | $360 | $418 | $24 | $126 | $1,128 | $94 |
| 3 S Grand Touring 4-Dr Hatchback | $200 | $360 | $418 | $24 | $126 | $1,128 | $94 |
| 3 S Grand Touring 4-Dr Sedan | $200 | $360 | $418 | $24 | $126 | $1,128 | $94 |
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in your specific Baltimore location which can revise premium rates noticeably.
The example below shows how different deductible levels and can change Mazda 3 insurance costs for different insured age categories. Data assumes a married male driver, comp and collision included, and no other discounts are factored in.
Responsible drivers pay cheaper auto insurance rates
The information below highlights how speeding tickets and at-fault collisions can drive up Mazda 3 insurance premiums for different age groups. The premium estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
Liability only or full coverage
The illustration below shows the difference between Mazda 3 insurance rates with and without full coverage. The premium estimates are based on no accidents or driving violations, $250 deductibles, marital status is single, and no discounts are applied.
When to stop buying full coverage
There is no definitive guideline to eliminate physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
For example, let's pretend your Mazda 3 replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the deductible is paid. If it's costing you more than $200 annually for full coverage, then you may need to consider dropping full coverage.
There are a few cases where buying only liability insurance is not a good idea. If you haven't satisfied your loan, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Buy Mazda 3 Insurance Cheaper
A large part of saving on car insurance is knowing some of the elements that play a part in calculating your policy premiums. If you have a feel for what impacts premium levels, this allows you to make educated decisions that may reward you with better car insurance rates. Many things are part of the calculation when you get your auto insurance bill. Some are pretty understandable like an MVR report, although others are less obvious such as your marital status or your vehicle rating.
Your gender affects costs - Over time, data shows women are more cautious behind the wheel. The data does not necessarily mean that females are better drivers. Both sexes tend to get into at-fault accidents at about the same rate, but the males cause more damage and cost insurance companies more money. In addition to higher claims, males also get higher numbers of serious violations such as DWI and reckless driving. Young males generally have the highest accident percentage and therefore have the most expensive car insurance rates.
The example below shows the comparison of Mazda 3 insurance rates for male and female drivers. The information is based on no accidents, no driving violations, full coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
Pay more if you have a long commute - Having an address in areas with lower population has it's advantages when talking about car insurance. Drivers who live in large cities have to deal with more traffic problems and a longer drive to work. Fewer people means fewer accidents in addition to lower liability claims.
Your age impacts your prices - Older insureds are more cautious drivers, cost insurance companies less in claims, and are safer drivers. Beginning drivers are known to be careless and easily distracted when at the wheel of a vehicle so they pay higher car insurance rates.
The following chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Pay less with a high crash test rating - Safer cars cost less to insure. Safe vehicles result in less severe injuries and fewer injuries means your insurance company pays less and thus lower rates. If your Mazda 3 has ratings of a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
Insurance losses for a Mazda 3 - Insurance companies use past loss statistics for each vehicle to help calculate a profitable premium price. Vehicles that the statistics show to have a trend towards higher claim severity or frequency will have a higher cost to insure. The data below shows the insurance loss data used by companies for Mazda 3 vehicles.
For each policy coverage, the claim amount for all vehicles, regardless of make or model, is equal to 100. Percentage values below 100 represent a good loss history, while percentages above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.
| Vehicle 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 |
Statistics from IIHS.org for 2013-2015 Model Years
Maryland auto insurance companies
Selecting the right insurance company can be challenging considering how many different companies sell coverage in Baltimore. The ranking data shown next can help you pick which auto insurers to look at comparing rate quotes with.
Top 10 Baltimore Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Baltimore Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Cheaper car insurance is a realistic goal
As you shop your coverage around, never skimp on coverage in order to save money. In too many instances, an insured cut collision coverage only to regret that the savings was not a smart move. The goal is to purchase a proper amount of coverage at the best possible price while not skimping on critical coverages.
Lower-priced car insurance in Baltimore can be sourced both online in addition to many Baltimore insurance agents, and you need to comparison shop both to get a complete price analysis. Some car insurance companies may not have rates over the internet and most of the time these regional carriers only sell through independent insurance agents.
Insureds leave their current company for many reasons like poor customer service, delays in paying claims, being labeled a high risk driver or unfair underwriting practices. It doesn't matter why you want to switch finding a great new company can be pretty painless.
Additional articles
- Teen Driver Statistics (Insurance Information Institute)
- How Much is Baltimore Car Insurance for Drivers with Good Credit? (FAQ)
- What Auto Insurance is Cheapest for College Students in Baltimore? (FAQ)
- Who Has Cheap Car Insurance for Welfare Recipients in Baltimore? (FAQ)
- Who Has Cheap Car Insurance Rates for Nurses in Baltimore? (FAQ)
- Who Has Cheap Auto Insurance for Good Students in Baltimore? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Under 21 in Baltimore? (FAQ)
- Help Your Teen Be a Better Driver (State Farm)
- Property Damage Coverage (Liberty Mutual)
- Where can I buy Insurance? (Insurance Information Institute)