How to Save on Durham Mazda 3 Insurance

Insurance for Mazda 3If saving the most money is your goal, then the best way to get budget car insurance rates in Durham is to start comparing prices regularly from providers in North Carolina. Price quotes can be compared by following these steps.

  1. Gain an understanding of how your policy works and the things you can control to prevent expensive coverage. Many policy risk factors that cause rate increases like at-fault accidents, speeding tickets, and an imperfect credit history can be improved by making lifestyle changes or driving safer.
  2. Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while independent agents can quote prices from many different companies.
  3. Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available. If you find better rates and decide to switch, make sure coverage is continuous and does not lapse.
  4. Give notification to your agent or company of your intention to cancel your current auto insurance policy and submit a down payment along with a signed application to the new company. As soon as you can, place the new proof of insurance certificate in your vehicle.

One bit of advice is to use the same liability limits and deductibles on each quote request and and to compare as many companies as possible. Doing this enables the most accurate price comparison and a complete selection of prices.

Unbelievable but true, a large majority of consumers renewed their policy with the same company for over three years, and nearly the majority have never shopped around. The average driver in North Carolina could save almost $94 every year by just comparing rate quotes, but they just feel it’s too hard to shop around.

Cheapest Mazda 3 insurance price quotes in Durham

The companies shown below have been selected to offer price quotes in North Carolina. If you want to find cheap auto insurance in Durham, we recommend you visit several of them to find the most competitive car insurance rates.

Cheaper Mazda 3 insurance in Durham

Some insurance providers don’t always advertise every discount they offer in an easy-to-find place, so the list below gives a summary of a few of the more common as well as the least known car insurance savings.Discount car insurance

Just know that most discount credits are not given to the entire cost. Most only cut individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like all the discounts add up to a free policy, nobody gets a free ride.

The example below shows the difference between Mazda 3 annual premium costs with and without discounts being applied to the rates. The information is based on a male driver, no claims or driving violations, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, homeowner, multi-car, and multi-policy discounts applied.

Large car insurance companies and a summarized list of policyholder discounts are detailed below.

Before buying, ask every company to give you their best rates. Some discounts might not be offered in Durham. To view insurers that can offer you the previously mentioned discounts in Durham, click this link.

Rate information and statistics

The table displayed next showcases a range of coverage prices for Mazda 3 models. Understanding how insurance prices are formulated is important to be able to make smart buying decisions.

Mazda 3 Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
3 I Sport 4-Dr Sedan $184 $398 $282 $16 $84 $964 $80
3 I SV 4-Dr Sedan $184 $398 $282 $16 $84 $964 $80
3 I Touring 4-Dr Sedan $184 $470 $282 $16 $84 $1,036 $86
3 S Sport 4-Dr Hatchback $208 $470 $282 $16 $84 $1,060 $88
3 S Sport 4-Dr Sedan $208 $470 $282 $16 $84 $1,060 $88
3 S Grand Touring 4-Dr Hatchback $208 $470 $282 $16 $84 $1,060 $88
3 S Grand Touring 4-Dr Sedan $208 $470 $282 $16 $84 $1,060 $88
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price information does not factor in your specific Durham location which can influence coverage prices substantially.

The chart below illustrates how your deductible choice and can influence Mazda 3 insurance premiums for different age groups of insureds. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Rate comparison of male drivers versus female drivers

The information below illustrates the comparison of Mazda 3 auto insurance rates for male and female drivers. The prices are based on no claims or violations, comp and collision included, $1,000 deductibles, single marital status, and no discounts are factored in.

Full coverage rates compared to liability-only

The information below illustrates the difference between Mazda 3 insurance costs with full coverage and liability only. The costs are based on no violations or accidents, $1,000 deductibles, single status, and no discounts are applied.

When to drop full coverage

There isn’t a written rule to stop paying for physical damage insurance, but there is a guideline you can consider. 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 3 book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after the deductible is paid. If you are paying over $500 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some conditions where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not remove full coverage.