Affordable Insurance for a Mazda 5 in Jacksonville

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Truthfully, the best way to get more affordable auto insurance rates is to regularly compare price quotes from different companies who provide auto insurance in Jacksonville.

  1. Take a few minutes and learn about car insurance and the changes you can make to prevent rate increases. Many risk factors that drive up the price like careless driving and an imperfect credit score can be remedied by making minor changes in your lifestyle.
  2. Compare price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can provide prices for a wide range of insurance providers. View rates
  3. Compare the price quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.
  4. Provide written notification to your current company to cancel the current policy. Submit the signed application along with the required initial payment for the new coverage. As soon as coverage is bound, keep your new certificate verifying proof of insurance somewhere easily accessible.

One key aspect of rate comparisons is to use the same liability limits and deductibles on each quote request and and to compare every insurance company. This helps ensure an accurate price comparison and maximum price selection.

Insurance rates Mazda 5 in JacksonvilleIt goes without saying that insurance companies want to keep your business as long as possible. Insureds who get comparison quotes once a year are highly likely to switch to a new company because they have a good chance of finding a cheaper policy. Surprisingly, a recent survey revealed that consumers who compared rate quotes regularly saved about $860 a year compared to policyholders who never shopped around for lower prices.

If finding discount rates on insurance in Jacksonville is why you're reading this, then learning a little about how to get price quotes and compare car insurance can help you succeed in saving money.

Getting a more affordable price on Mazda 5 insurance isn't really that difficult. All you need to do is take a couple of minutes comparing free Jacksonville car insurance quotes provided by online insurance companies.

Online shopping is fast and free, and it makes it obsolete to spend your day driving to all the different Jacksonville insurance agencies. Comparing Mazda 5 insurance rates online eliminates this option unless you have a complicated situation and need the guidance of a licensed agent. It is possible with some companies price shop your coverage online but purchase the actual policy in an agency.

The auto insurance companies shown below can provide free rate quotes in Florida. If the list has multiple companies, we suggest you click on several of them to get the cheapest price.

Data for Mazda 5 insurance

The data table shown below showcases a range of insurance prices for Mazda 5 models. Learning how policy rates are determined can help guide drivers when making smart choices when buying a car insurance policy.

Mazda 5 Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $166 $318 $460 $28 $138 $1,110 $93
5 Touring Station Wagon $192 $386 $460 $28 $138 $1,204 $100
5 Grand Touring Station Wagon $192 $386 $460 $28 $138 $1,204 $100
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rate information does not factor in Jacksonville location which can modify coverage prices considerably.

Higher deductibles save money

One of the hardest decisions when shopping for car insurance is how high should the physical damage deductibles be. The rates shown below summarize the price difference between low and high policy deductibles. The first table uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.

Mazda 5 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $312 $532 $354 $20 $106 $1,349 $112
5 Touring Station Wagon $358 $648 $354 $20 $106 $1,511 $126
5 Grand Touring Station Wagon $358 $648 $354 $20 $106 $1,511 $126
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Mazda 5 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $228 $360 $354 $20 $106 $1,068 $89
5 Touring Station Wagon $262 $438 $354 $20 $106 $1,180 $98
5 Grand Touring Station Wagon $262 $438 $354 $20 $106 $1,180 $98
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rate quotes do not factor in specific garaging location which can alter rates substantially.

We can estimate from the data above that using a $100 deductible costs roughly $26 more each month or $312 each year than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 15 months between claims, you would come out ahead if you opt for a higher deductible. The table below shows how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $121
Average monthly premium for $500 deductibles (subtract): - $95
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

The diagram below demonstrates how deductibles and can increase or decrease Mazda 5 premium costs for each age group. The rates are based on a single male driver, full physical damage coverage, and no other discounts are factored in.

Drive responsibly or pay higher rates

The diagram below demonstrates how traffic citations and at-fault collisions can affect Mazda 5 insurance prices for different age categories. The information is based on a single female driver, full coverage, $100 deductibles, and no discounts are factored in.

Mazda 5 insurance costs by gender and age

The diagram below compares Mazda 5 annual premium costs for male and female drivers. The information is based on no claims, a clean driving record, full coverage, $500 deductibles, marital status is single, and no policy discounts are applied.

Rate comparison of full coverage and liability-only

The illustration below illustrates the comparison of Mazda 5 premium costs when comparing full coverage to state minimum liability only. The premiums are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.

When to stop paying for full coverage

There is no exact formula of when to eliminate physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's pretend your Mazda 5 book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying your policy deductible. If you are currently paying more than $400 a year for physical damage coverage, then it might be time to buy liability only.

There are some conditions where only buying liability is not a good idea. If you haven't paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should maintain full coverage.

Get cheaper Mazda 5 insurance in Jacksonville with discounts

Insurance is expensive, but you may find discounts that many people don't even know exist. Larger premium reductions will be automatically applied at the time you complete a quote, but lesser-known reductions have to be specially asked for before you get the savings.Cheaper insurance with discounts

  • Discount for Good Grades - Maintaining excellent grades may save you up to 25%. The discount lasts up to age 25.
  • Safety Restraint Discount - Requiring all passengers to buckle up before driving can save a little on medical payment and PIP coverage.
  • Pay Early and Save - By paying your policy upfront rather than paying monthly you can actually save on your bill.
  • Fewer Miles Equal More Savings - Low annual miles could qualify for slightly better rates than normal.
  • Distant College Student Discount - College-age children who are enrolled in a college that is more than 100 miles from Jacksonville and do not take a car to college can receive lower rates.

You should keep in mind that most discount credits are not given to the entire policy premium. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that it's possible to get free car insurance, that's just not realistic.

The diagram below shows the difference between Mazda 5 yearly insurance costs with and without discounts. Data assumes a female driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, claim-free, homeowner, and multi-car discounts applied.

Popular insurance companies and some of the premium reductions they offer are:

  • American Family has savings for bundled insurance, good student, Steer into Savings, TimeAway discount, early bird, multi-vehicle, and air bags.
  • Farm Bureau includes discounts for 55 and retired, multi-vehicle, driver training, renewal discount, safe driver, and good student.
  • State Farm may offer discounts for anti-theft, multiple autos, good student, multiple policy, student away at school, and safe vehicle.
  • Travelers policyholders can earn discounts including hybrid/electric vehicle, continuous insurance, multi-policy, good student, home ownership, save driver, and driver training.
  • The Hartford offers premium reductions for anti-theft, air bag, defensive driver, bundle, good student, and vehicle fuel type.
  • GEICO may include discounts for military active duty, emergency military deployment, good student, anti-lock brakes, and seat belt use.
  • Progressive offers discounts including good student, continuous coverage, online quote discount, homeowner, and online signing.

When quoting, ask each insurance company which discounts you may be entitled to. A few discounts might not be available to policyholders in every state. To see providers that have a full spectrum of discounts in Florida, follow this link.

Why you need quality insurance for your 5

Despite the high insurance cost for a Mazda 5 in Jacksonville, maintaining insurance is required by state law in Florida and it also provides benefits you may not be aware of.

  • The majority of states have minimum mandated liability insurance limits which means you are required to carry a specific level of liability insurance in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a loan on your Mazda 5, almost all lenders will make it a condition of the loan that you buy insurance to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may insure your Mazda for a lot more money and require you to fork over much more than you were paying before.
  • Auto insurance protects both your Mazda 5 and your assets. It will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage also pays expenses related to your legal defense in the event you are sued. 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 carrying enough insurance greatly outweigh the cost, particularly if you ever have a claim. According to a 2015 survey, the average American driver is wasting up to $825 a year so it's very important to do a rate comparison every year to ensure rates are competitive.

Can't I compare rate quotes from local Jacksonville insurance agencies?

Many people still prefer to buy from a licensed agent and there is nothing wrong with that. Professional insurance agents can help you choose the best coverages and help in the event of a claim. The best thing about comparing insurance prices online is the fact that you can find cheap insurance rates but also keep your business local.

Jacksonville insurance agentsOnce you complete this quick form, your coverage information gets sent to agents in your area who can give free rate quotes for your insurance coverage. You never need to do any legwork since price quotes are sent directly to your email. In the event you want to compare prices from one company in particular, you would need to search and find their rate quote page and give them your coverage information.

Finding the right insurance company is decision based upon more than just the price. Ask your prospective agent these questions:

  • Do they reduce claim amounts on high mileage vehicles?
  • Are there any discounts for paying up front?
  • How long have they worked with personal auto insurance coverage?
  • Will they take your side in the event of a claim?
  • If they are an independent agency in Jacksonville, which companies do they recommend?
  • Do the coverages you're quoting properly cover your vehicle?

Insurance coverage basics

Understanding the coverages of your policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are the normal coverages available from insurance companies.

Auto liability

This can cover damage that occurs to people or other property. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 10/20/10 that means you have $10,000 bodily injury coverage, a limit of $20,000 in injury protection per accident, and property damage coverage for $10,000.

Liability coverage protects against claims like court costs, legal defense fees, loss of income and emergency aid. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible. Florida requires drivers to carry at least 10/20/10 but it's recommended drivers buy more liability than the minimum.

The illustration below shows why buying minimum limits may not be high enough to adequately cover claims.

Collision protection

This coverage pays for damage to your 5 from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a parking meter, damaging your car on a curb and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible on your 5 to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle's occupants when other motorists are uninsured or don't have enough coverage. This coverage pays for injuries sustained by your vehicle's occupants and also any damage incurred to your Mazda 5.

Due to the fact that many Florida drivers have only the minimum liability required by law (Florida limits are 10/20/10), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from a tornado or hurricane, rock chips in glass, fire damage, hitting a deer and falling objects. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as EMT expenses, nursing services and rehabilitation expenses. They are utilized in addition to your health insurance policy 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 not universally available and gives slightly broader coverage than med pay