Locating low-cost Philadelphia Mazda 5 insurance quotes may seem to be rather difficult for people new to comparing prices online. With so many options of insurers available, how can people effectively compare every company in order to find better rates?
It’s hard to fathom, but a large majority of insurance policyholders in Pennsylvania have remained with the same insurance company for at least four years, and nearly half have never compared insurance rates at all. Many consumers in the U.S. could cut their rates by roughly 47% a year by just comparing rate quotes, but most undervalue how much they could save if they moved their coverage to a different company.
It’s important to shop coverage around occasionally because insurance prices fluctuate regularly. Even if you think you had the best price on Mazda 5 insurance in Philadelphia a year ago you can probably find a lower rate today. There is a lot of bad advice regarding 5 insurance out there, but we’re going to give you some guaranteed methods to find cheap insurance in Philadelphia.
This information will let you in on how to get online quotes and also save some money in the process If you have coverage now, you should be able to get lower rates using the ideas presented in this article. Nevertheless, Pennsylvania consumers do need to learn how the larger insurance companies sell online.
When comparison shopping, comparing a large number of companies provides better odds of finding better pricing.
The companies shown below are ready to provide free rate quotes in Philadelphia, PA. If multiple companies are listed, we recommend you get rates from several of them in order to find the lowest rates.
Coverage statistics and figures
The data table displayed below showcases detailed analysis of policy rates for Mazda 5 models. Learning more about how auto insurance policy rates are determined can help customers make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $172 | $322 | $364 | $22 | $108 | $988 | $82 |
| 5 Touring Station Wagon | $198 | $390 | $364 | $22 | $108 | $1,082 | $90 |
| 5 Grand Touring Station Wagon | $198 | $390 | $364 | $22 | $108 | $1,082 | $90 |
| Get Your Own Customized Quote Go | |||||||
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in specific location which can modify auto insurance rates greatly.
The illustration below shows how different deductible levels and can affect Mazda 5 yearly insurance costs for each age group. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.
Mazda 5 full coverage rates compared to liability only
The chart below illustrates the comparison of Mazda 5 insurance premiums with full physical damage coverage compared to only buying liability only. The costs are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied.
Should you buy full coverage or liability only?
There is no exact rule to drop physical damage insurance, but there is a broad guideline. 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’s probably a good time to buy liability coverage only.
For example, let’s assume your Mazda 5 replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after paying your deductible. If it’s costing you more than $300 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are a few situations where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you are required to maintain 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 totaled, you should keep full coverage.
Do I need special coverages?
When selecting coverage, there really isn’t a cookie cutter policy. You are unique and your policy should reflect that.
These are some specific questions might point out whether or not you might need professional guidance.
- Do I need replacement cost coverage on my Mazda 5?
- Are there any extra discounts I can get?
- What should my uninsured motorist coverage limits be in Pennsylvania?
- When would I need rental car insurance?
- Is my babysitter covered when using my vehicle?
- Should I buy full coverage?
- Does my personal policy cover me when driving out-of-state?
If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.
Neighborhood agents and insurance
A lot of people still like to sit down with an agent. The best thing about getting online price quotes is the fact that you can find lower rates and still choose a local agent. Putting coverage with small agencies is definitely important in Philadelphia.
Once you complete this quick form, your coverage information is sent to local insurance agents in Philadelphia who will gladly provide quotes and help you find cheaper coverage. You won’t need to contact any insurance agencies because prices are sent directly to your email. You can find lower rates without the usual hassles of price shopping. If you need to compare prices for a specific company, feel free to visit that company’s website and complete a quote there.
If you want a reputable agency, it helps to know the two types of agencies and how they differ in how they can insure your vehicles. Insurance agencies may be either independent or exclusive depending on the company they work for.
Independent Agents
Independent agencies are normally appointed by many insurers so they have the ability to put coverage amongst many companies and find you the best rates. To move your coverage to a new company, your agent can switch companies and the insured can keep the same agent. When searching for an agent, we highly recommend that you get some free quotes from a couple of independent agencies so that you can do a thorough price comparison. A lot of them also have access to small mutual carriers that can offer cheaper rates than bigger companies.
The following is a small list of independent agencies in Philadelphia that can possibly get you price quotes.
- Nationwide Insurance: Ferullo Insurance Agencies LLC
1636 S Front St – Philadelphia, PA 19148 – (215) 468-4116 – View Map - Torri Insurance Agency
214 Fairmount Ave – Philadelphia, PA 19123 – (800) 701-5909 – View Map - Martin Insurance
5700 Delancey St – Philadelphia, PA 19143 – (215) 471-6860 – View Map
Exclusive Agents
These type of agents can only provide pricing for a single company such as Farmers Insurance and State Farm. They are unable to compare other company’s rates so they really need to provide good service. Exclusive agents are well schooled on their company’s products which helps them sell insurance even at higher premiums. Drivers often buy insurance from these agents mostly because of the brand name rather than having low rates.
Below are Philadelphia exclusive agencies who can help you get price quote information.
- State Farm – Philadelphia – Thanh Pham
254 S 10th St – Philadelphia, PA 19107 – (215) 238-7400 – View Map - Dave Penning – State Farm Insurance Agent
2962 Robbins Ave – Philadelphia, PA 19149 – (215) 537-8050 – View Map - Erica Bantom Martin – State Farm Insurance Agent
1124 S Broad St – Philadelphia, PA 19146 – (215) 875-8100 – View Map
Finding the right auto insurance agent needs to be determined by more than just a cheap quote. Get answers to these questions too.
- Are they paid to recommend certain coverages?
- Who are their largest clients?
- Do they offer accident forgiveness?
- Does the agency have a positive business rating?
- How much will you save each year by using a higher deductible?
- Does the quote include credit and driving reports?
- Do you work with a CSR or direct with the agent?