It’s safe to conclude that auto insurance companies want to keep you from shopping around. Drivers who shop around for cheaper rates will, in all likelihood, buy a new policy because there is a high probability of finding a lower rate. A study discovered that people who compared rates once a year saved over $3,400 over four years as compared to drivers who never shopped for cheaper rates.
If finding the best price on Mazda 6 insurance is your objective, then having some insight into the best way to shop and compare cheaper coverage can make it simple to find affordable coverage.
The best way to save on Mazda 6 insurance in Louisville is to compare quotes once a year from providers in Kentucky.
First, try to comprehend the coverage provided by your policy and the modifications you can make to prevent expensive coverage. Many rating factors that are responsible for high rates like multiple speeding tickets and a negative credit score can be eliminated by making minor changes in your lifestyle.
Second, compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive and State Farm, while independent agents can provide price quotes from multiple companies.
Third, compare the new rates to the price on your current policy and determine if there is any savings. If you find better rates, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, provide proper notification to your current company of your decision to cancel your current policy and submit payment along with a signed and completed policy application to your new agent or company. As soon as coverage is bound, put the certificate of insurance above your visor, in the console, or in the glove compartment.
A valuable tip to remember is to try to use the same coverage limits and deductibles on each quote request and and to compare all possible companies. This ensures an accurate price comparison and a thorough price selection.
Buying affordable insurance in Louisville is really not that difficult. If you are insured now, you will definitely be able to reduce the price you pay using the following tips. Nevertheless, Kentucky vehicle owners must comprehend the way companies determine what you pay and take advantage of how the system works.
When price shopping your coverage, more quotes will enable you to find a lower rate.
The companies shown below are our best choices to provide quotes in Kentucky. If multiple companies are listed, we suggest you compare several of them in order to get a fair rate comparison.
Data for Mazda 6 insurance
The data table displayed next covers different insurance premium costs for Mazda 6 models. Having a good understanding how insurance rates are formulated can benefit drivers when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 6 I Sport 4-Dr Sedan | $230 | $392 | $336 | $20 | $100 | $1,078 | $90 |
| 6 I SV 4-Dr Sedan | $230 | $392 | $336 | $20 | $100 | $1,078 | $90 |
| 6 I Touring 4-Dr Sedan | $230 | $392 | $336 | $20 | $100 | $1,078 | $90 |
| 6 I Touring Plus 4-Dr Sedan | $260 | $392 | $336 | $20 | $100 | $1,108 | $92 |
| 6 I Touring Plus 4-Dr Sedan | $260 | $392 | $336 | $20 | $100 | $1,108 | $92 |
| 6 I Grand Touring 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| 6 S Touring Plus 6 Cyl 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| 6 S Touring Plus 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| 6 S Grand Touring 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| 6 S Grand Touring 6 Cyl 4-Dr Sedan | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Table data does not factor in garaging location in Louisville which can impact coverage prices noticeably.
Deductible comparison
One common question asked by Louisville drivers is which comprehensive and collision deductibles to buy. The following tables summarize the rate differences when you buy lower versus higher insurance deductibles. The first rate table uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 6 I Sport 4-Dr Sedan | $252 | $426 | $326 | $20 | $98 | $1,147 | $96 |
| 6 I SV 4-Dr Sedan | $252 | $426 | $326 | $20 | $98 | $1,147 | $96 |
| 6 I Touring 4-Dr Sedan | $252 | $426 | $326 | $20 | $98 | $1,147 | $96 |
| 6 I Touring Plus 4-Dr Sedan | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| 6 I Touring Plus 4-Dr Sedan | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| 6 I Grand Touring 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 6 S Touring Plus 6 Cyl 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 6 S Touring Plus 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 6 S Grand Touring 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 6 S Grand Touring 6 Cyl 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 6 I Sport 4-Dr Sedan | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| 6 I SV 4-Dr Sedan | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| 6 I Touring 4-Dr Sedan | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| 6 I Touring Plus 4-Dr Sedan | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| 6 I Touring Plus 4-Dr Sedan | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| 6 I Grand Touring 4-Dr Sedan | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| 6 S Touring Plus 6 Cyl 4-Dr Sedan | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| 6 S Touring Plus 4-Dr Sedan | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| 6 S Grand Touring 4-Dr Sedan | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| 6 S Grand Touring 6 Cyl 4-Dr Sedan | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rate quotes do not factor in Louisville location which can change price quotes significantly.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $25 more each month or $300 for a full year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 30 months between claim filings, you would come out ahead if you decide on a higher deductible.
Safe drivers Louisville pay cheaper rates
The example below highlights how speeding tickets and at-fault claims can influence Mazda 6 yearly insurance costs for different age groups. The rate quotes are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
Car insurance premiums based on gender
The chart below visualizes the comparison of Mazda 6 car insurance rates for male and female drivers. The premiums assume no claims, a clean driving record, comp and collision included, $250 deductibles, single marital status, and no other discounts are factored in.
Cost difference between full coverage and liability
The information below shows the comparison of Mazda 6 auto insurance costs with full coverage compared to only the Kentucky minimum liability coverage. Data assumes no claims or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.
Deciding between full coverage and liability only
There is no exact formula of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of full 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 assume your Mazda 6 settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after paying your deductible. If you are paying more than $700 a year for physical damage coverage, then it might be time to consider dropping full coverage.
There are a few cases where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Auto insurance is not optional
Despite the potentially high cost of Mazda 6 insurance, insurance may be required for several reasons.
- The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage if you drive a vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Mazda 6, more than likely the lender will stipulate that you have insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the lender may insure your Mazda at a much higher premium rate and force you to reimburse them for the expensive policy.
- Auto insurance protects your vehicle and your assets. It will also pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of having auto insurance more than cancel out the cost, particularly when you have a large claim. But the average driver in Kentucky is wasting up to $830 a year so compare quotes from several companies every year to make sure the price is not too high.
Cut Insurance Costs with These Tips
Lots of factors are used in the calculation when you get a price on insurance. Some factors are common sense such as your driving record, but others are more obscure like your vehicle usage or your financial responsibility. One of the most helpful ways to save on car insurance is to to have a grasp of some of the things that play a part in calculating the price you pay for car insurance. If you understand what determines premiums, this enables informed choices that may result in cheaper rates.
Listed below are some of the major factors car insurance companies consider when setting your prices.
- Good credit saves on car insurance – A driver’s credit score factor in calculating your premium rate. Insureds that have high credit scores tend to be more responsible as compared to drivers with poor credit. So if your credit leaves room for improvement, you could potentially save money when insuring your Mazda 6 by taking the time to improve your credit score.
- Prices may be lower depending on your job – Did you know your job can affect your rates? Occupations like real estate brokers, architects, and miners generally pay higher rates than average in part from high stress and long work hours. On the other hand, jobs such as professors, engineers and the unemployed get better rates.
-
Pay more for higher performance vehicles – The type of car you drive makes a substantial difference in your rates. The lowest rates tend to be for lower performance four cylinder passenger cars, but your final cost has many other factors.
The data below uses these variables: single male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It illustrates Mazda 6 insurance rates compared to other models of vehicles that have different performances.
-
Car insurance rates and age – Teenage drivers in Kentucky are statistically proven to be easily distracted when driving therefore car insurance rates are much higher. Having to add a teen driver onto your car insurance can be quite pricey. More mature drivers are viewed as being more responsible, are lower risk to insure, and are generally more financially stable.
The chart below assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
- Liability coverage is important – The liability section of your policy provides coverage when a jury decides you are liable for causing damage or personal injury in an accident. It will provide legal defense to attempt to prove you were not liable. This coverage is very inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
- Better prices on safer cars – Cars with five star safety ratings are cheaper to insure. Safer cars result in less severe injuries and any reduction in injury severity means less claims paid which can result in lower premiums.
-
Mazda 6 statistical loss data – Auto insurance companies analyze the history of losses when determining insurance prices. Models that the data shows to have higher number or severity of losses will be charged more to insure. The next table shows the actual insurance loss data for Mazda 6 vehicles.
For each policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, equals 100. Values below 100 mean the vehicle has better than average losses, while values over 100 indicate more frequent claims or a tendency for claims to be larger.
Auto Insurance Loss Data for Mazda 6 Models Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mazda 6 99 92 112 94 98 94 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Will just any policy work for me?
When quoting and choosing proper insurance coverage, there really is no one size fits all plan. Every insured’s situation is different so your insurance should reflect that
Here are some questions about coverages that can help discover whether your personal situation would benefit from an agent’s advice.
- Should I buy more coverage than the required Kentucky minimum liability coverage?
- Should I buy full coverage?
- How much liability do I need to cover my assets?
- Do I have coverage when pulling a U-Haul trailer?
- At what point should I drop full coverage?
- Am I better off with higher deductibles on my Mazda 6?
If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
You can lower your car insurance rates
You just learned many tips how you can find lower-cost Mazda 6 insurance in Louisville. The key thing to remember is the more rate comparisons you have, the better likelihood of getting affordable Mazda 6 insurance quotes. Consumers could even find that the lowest premium rates come from the least-expected company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, GEICO and Nationwide.
The cheapest Mazda 6 insurance in Louisville can be purchased both online in addition to many Louisville insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies may not have price quotes online and many times these smaller providers sell through independent insurance agents.
Even more information can be read in the articles below:
- Medical Payments Coverage (Liberty Mutual)
- Who Has the Cheapest Auto Insurance for a Ford Explorer in Louisville? (FAQ)
- How Much are Louisville Car Insurance Rates for a Ford Escape? (FAQ)
- What is a Telematics Device? (Allstate)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- What is Covered by GAP Insurance? (Allstate)