Affordable Mazda 5 Insurance in Lubbock

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We don't have to tell you that auto insurance companies don't want you to compare rates. Consumers who shop around for cheaper price quotes will presumably switch to a new company because there is a significant possibility of finding a cheaper policy. A recent study showed that drivers who compared rates regularly saved an average of $72 a month compared to other drivers who never compared other company's rates.

If finding the lowest price for auto insurance is why you're reading this, then having a good understanding the best way to quote and compare insurance premiums can save time and money.

Insurance quote for Mazda 5 in LubbockIf your goal is the lowest price, then the best way to get budget Mazda 5 insurance in Lubbock is to regularly compare quotes from providers who sell insurance in Texas.

  1. Take a little time to learn about how car insurance works and the factors you can control to drop your rates. Many rating criteria that cause rate increases such as high-risk driving behaviors and poor credit history can be improved by making minor changes in your lifestyle.
  2. Obtain price quotes from direct carriers, independent agents, 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 give you price quotes for many different companies. View companies
  3. Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you can save money and buy the policy, ensure there is no coverage lapse between policies.
  4. Provide written notification to your current company of your decision to cancel the current policy. Submit the required down payment along with the signed application for the new policy. As soon as you receive it, store the proof of insurance certificate with your vehicle's registration.

The key aspect of shopping around is that you'll want to make sure you compare the same amount of coverage on every quote and and to get prices from as many different companies as possible. This guarantees an accurate price comparison and a better comparison of the market.

The following companies can provide quotes in Lubbock, TX. In order to find the best cheap auto insurance in Lubbock, TX, we suggest you visit several of them to find the most affordable auto insurance rates.

Coverage information

The premium table displayed below covers detailed analysis of policy rates for Mazda 5 models. Understanding more about how premiums are established can be useful when making smart policy decisions.

Mazda 5 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $220 $404 $304 $18 $92 $1,038 $87
5 Touring Station Wagon $252 $492 $304 $18 $92 $1,158 $97
5 Grand Touring Station Wagon $252 $492 $304 $18 $92 $1,158 $97
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate information does not factor in specific garaging location which can lower or raise premiums greatly.

Rate comparison for different deductibles

One frequently asked question is the level to set your comp and collision deductibles. The comparison tables below highlight the difference in cost when you buy lower versus higher policy deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Mazda 5 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $256 $408 $324 $20 $96 $1,129 $94
5 Touring Station Wagon $294 $496 $324 $20 $96 $1,255 $105
5 Grand Touring Station Wagon $294 $496 $324 $20 $96 $1,255 $105
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Mazda 5 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $208 $328 $324 $20 $96 $976 $81
5 Touring Station Wagon $240 $400 $324 $20 $96 $1,080 $90
5 Grand Touring Station Wagon $240 $400 $324 $20 $96 $1,080 $90
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in specific garaging location which can change premiums greatly.

Based on the figures above, using a $250 deductible will cost you roughly $14 more each month or $168 each year than selecting the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you average at least 18 months between claims, you would probably come out ahead if you choose the higher deductible.

Poor driving habits will raise your auto insurance rates

The chart below illustrates how traffic citations and at-fault claims can influence Mazda 5 insurance costs for different age groups of insureds. The rate quotes are based on a married male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

Three reasons to insure your 5

Despite the high cost of buying insurance for a Mazda 5 in Lubbock, insurance is required in Texas but also provides important benefits.

First, the majority of states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your car has a lienholder, it's guaranteed your bank will have a requirement that you have insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may insure your Mazda for a lot more money and require you to fork over the higher price.

Third, car insurance protects both your vehicle and your personal assets. Insurance will pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If your Mazda gets damaged, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance are definitely more than the cost, particularly when you have a large claim. Unknowingly, the average driver is currently overpaying as much as $865 each year so shop around at every policy renewal to help ensure money is not being wasted.

Your situation helps dictate your coverage

When it comes to choosing a policy for your personal vehicles, there really isn't a single plan that fits everyone. Each situation is unique.Safe vehicles cost less to insure

Here are some questions about coverages that can aid in determining if your situation could use an agent's help.

  • Is my state a no-fault state?
  • Do I need replacement cost coverage?
  • Do I benefit by insuring my home with the same company?
  • Do I pay less for low miles?
  • Am I covered if I back into my garage door?
  • How do I insure my teen driver?
  • Am I covered if I break a side mirror?
  • Am I missing any policy discounts?
  • Does coverage follow the driver or the vehicle?
  • Is my nanny covered when driving my vehicle?

If you don't know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It's fast, doesn't cost anything and can help protect your family.

Insurance coverage considerations

Learning about specific coverages of insurance can help you determine the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and coverage can change by endorsement.

Insurance for medical payments

Med pay and PIP coverage kick in for expenses for chiropractic care, funeral costs, nursing services and X-ray expenses. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your Mazda 5.

Because many people carry very low liability coverage limits (30/60/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hail damage, falling objects, hitting a bird, rock chips in glass and a tree branch falling on your vehicle. The maximum payout you'll receive from a claim is the market value of your vehicle, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Auto collision coverage

Collision coverage will pay to fix damage to your 5 resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a ditch, damaging your car on a curb, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible on your 5 to get cheaper collision coverage.

Auto liability insurance

Liability coverage can cover damage that occurs to other's property or people that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 30/60/25 which means a $30,000 limit per person for injuries, a limit of $60,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for things like repair costs for stationary objects, repair bills for other people's vehicles, medical services, loss of income and court costs. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible. Texas state minimum liability requirements are 30/60/25 but it's recommended drivers buy better liability coverage.

The chart below demonstrates why minimum state limits may not be adequate.

Which car insurance company is best in Texas?

Insuring your vehicle with a high-quality insurer can be difficult considering how many companies sell coverage in Texas. The ranking information shown next can help you analyze which car insurance companies you want to consider purchasing from.

Top 10 Lubbock Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Lubbock Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Cheaper insurance rates are out there

Consumers change insurance companies for a number of reasons such as an unsatisfactory settlement offer, unfair underwriting practices, high rates after DUI convictions or even delays in paying claims. It doesn't matter why you want to switch finding a great new company can be pretty painless.

We just presented many tips how you can reduce Mazda 5 insurance rates online in Lubbock. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. You may even discover the lowest rates come from an unexpected company.

Lower-priced insurance in Lubbock can be bought both online and also from your neighborhood Lubbock agents, and you need to comparison shop both to have the best selection. Some insurance companies may not have the ability to get a quote online and usually these smaller companies only sell coverage through independent insurance agents.

More detailed insurance information can be found by following these links: