It’s a known fact that insurance companies don’t want you quoting rates from other companies. Insureds who shop around for cheaper price quotes will most likely buy a new policy because there is a high probability of finding lower prices. Surprisingly, a recent survey revealed that consumers who compared rate quotes regularly saved as much as $865 a year compared to people who didn’t regularly shop around.
If finding the lowest price for car insurance is your target objective, then knowing how to shop for insurance premiums can save time and money.
If your goal is the lowest price, then the best way to get discount Mazda 3 insurance in Newark is to compare prices once a year from insurance carriers in New Jersey.
Step 1: Learn about what coverages are included in your policy and the factors you can control to prevent rate increases. Many things that are responsible for high rates like careless driving and a bad credit score can be rectified by paying attention to minor details.
Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO and Allstate, while independent agencies can provide rate quotes for many different companies. Find a Newark insurance agent
Step 3: Compare the new rates to your existing policy to see if cheaper 3 coverage is available. If you find a better price and decide to switch, ensure coverage does not lapse between policies.
One bit of advice is to make sure you’re comparing the same deductibles and limits on every price quote and and to get quotes from as many different insurance providers as possible. Doing this enables a level playing field and the best rate selection.
The quickest way to compare insurance rates in your area is to take advantage of the fact auto insurance companies pay for the opportunity to give you rate quotes. All you need to do is give them rating details like if a SR-22 is needed, any included safety features, daily mileage, and if you have a valid license. Your rating data is then submitted to insurance carriers in your area and you will get price comparisons instantly.
To find lower cheap Mazda 3 insurance rates now, click here and enter your coverage details.
The companies shown below have been selected to offer quotes in Newark, NJ. To locate cheap car insurance in Newark, we suggest you compare several of them in order to get a fair rate comparison.
Mazda 3 insurance rates and statistics
The information shown next outlines different rate quotes for Mazda 3 models. Knowing how insurance policy premiums are figured can be valuable when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $364 | $720 | $582 | $34 | $174 | $1,874 | $156 |
| 3 I SV 4-Dr Sedan | $364 | $720 | $582 | $34 | $174 | $1,874 | $156 |
| 3 I Touring 4-Dr Sedan | $364 | $848 | $582 | $34 | $174 | $2,002 | $167 |
| 3 S Sport 4-Dr Hatchback | $410 | $848 | $582 | $34 | $174 | $2,048 | $171 |
| 3 S Sport 4-Dr Sedan | $410 | $848 | $582 | $34 | $174 | $2,048 | $171 |
| 3 S Grand Touring 4-Dr Hatchback | $410 | $848 | $582 | $34 | $174 | $2,048 | $171 |
| 3 S Grand Touring 4-Dr Sedan | $410 | $848 | $582 | $34 | $174 | $2,048 | $171 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in vehicle garaging location which can influence insurance rates significantly.
Physical damage deductible comparison
A question often asked by Newark drivers is where should you set your physical damage deductibles. The comparisons below may help you to understand how much more you’ll pay when you buy lower versus higher coverage deductibles. The first rate quote example uses a $250 physical damage deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $372 | $626 | $480 | $28 | $144 | $1,675 | $140 |
| 3 I SV 4-Dr Sedan | $372 | $626 | $480 | $28 | $144 | $1,675 | $140 |
| 3 I Touring 4-Dr Sedan | $372 | $738 | $480 | $28 | $144 | $1,787 | $149 |
| 3 S Sport 4-Dr Hatchback | $420 | $738 | $480 | $28 | $144 | $1,835 | $153 |
| 3 S Sport 4-Dr Sedan | $420 | $738 | $480 | $28 | $144 | $1,835 | $153 |
| 3 S Grand Touring 4-Dr Hatchback | $420 | $738 | $480 | $28 | $144 | $1,835 | $153 |
| 3 S Grand Touring 4-Dr Sedan | $420 | $738 | $480 | $28 | $144 | $1,835 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $230 | $394 | $480 | $28 | $144 | $1,276 | $106 |
| 3 I SV 4-Dr Sedan | $230 | $394 | $480 | $28 | $144 | $1,276 | $106 |
| 3 I Touring 4-Dr Sedan | $230 | $464 | $480 | $28 | $144 | $1,346 | $112 |
| 3 S Sport 4-Dr Hatchback | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| 3 S Sport 4-Dr Sedan | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| 3 S Grand Touring 4-Dr Hatchback | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| 3 S Grand Touring 4-Dr Sedan | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Table data does not factor in garaging location in Newark which can alter insurance rates greatly.
Based on the data above, we can derive that using a $250 deductible costs roughly $37 more each month or $444 a year averaged for all 3 models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 20 months between claims, you would most likely save money if you elect the higher deductible. The numbers below show the way you can make this decision for your own policy.
| Average monthly premium for $250 deductibles: | $149 |
| Average monthly premium for $1,000 deductibles (subtract): | – $112 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
Impact of violations and accidents on rates
The diagram below illustrates how traffic citations and accident claims impact Mazda 3 annual premium costs for different age groups of insureds. The rates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
Choosing the best 3 insurance in New Jersey is an important decision
Even though Newark 3 insurance rates can get expensive, insuring your vehicle is required in New Jersey but it also protects you in many ways.
- Almost all states have minimum liability requirements which means state laws require specific limits of liability protection if you want to drive legally. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your 3 has a loan, almost every bank will make it a condition of the loan that you buy insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Mazda for a lot more money and make you pay a much higher amount than you were paying before.
- Car insurance protects both your vehicle and your personal assets. It also can pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. The average driver in America overpays more than $855 a year so compare quotes from several companies every year to help ensure money is not being wasted.
Why Your Insurance Premiums might be higher
Multiple criteria are part of the equation when premium rates are determined. Some of the criteria are obvious like an MVR report, although some other factors are not quite as obvious such as whether you are married or your vehicle rating.
Cheaper to insure gals? – Statistics have proven females are less aggressive when driving. However, don’t assume that females are better at driving than males. Males and females get in accidents in similar numbers, but the males have accidents that have higher claims. They also get cited for more serious violations like driving under the influence (DUI). Male drivers age 16 to 19 are most likely to cause an accident and therefore have the most expensive car insurance rates.
The information below illustrates the difference between Mazda 3 insurance prices for male and female drivers. The costs are based on no driving violations, no at-fault accidents, full physical damage coverage, $500 deductibles, single status, and no discounts are factored in.
Rates can be impacted by your vocation – Jobs such as doctors, air traffic controllers, and miners generally have the highest rates because of stressful work requirements and lots of time spent away from family. On the other hand, jobs like actors, historians and the unemployed generally pay rates lower than average.
Drive less and get lower rates – The more you drive your Mazda in a year the more you will pay for car insurance. Many insurance companies rate vehicles based upon how the vehicle is primarily used. Vehicles that do not get driven very much can be on a lower rate level than vehicles that are driven to work every day. Verify your vehicle rating correctly shows the right rating data, because it can save money. Having the wrong rating on your 3 may be wasting your money.
Get cheaper prices if you’re married – Walking down the aisle can get you a discount on your policy. Having a significant other is viewed as being more stable financially it has been statistically shown that married couples file fewer claims.
Rates can drop if you have more than one policy – Many companies apply discounts to policyholders who carry more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, it’s still a good idea to comparison shop to verify if the discount is saving money. You may still find lower rates by splitting coverages up.
Influences performance influences auto insurance rates – The performance level of the vehicle you drive makes a big difference in your rates. Economy passenger cars usually have the lowest rates, but many other things help determine your insurance rates.
The data below is based on a single male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It shows Mazda 3 car insurance rates compared to other models that have different risk factors.
Only buy coverage you need – Insurance policies have a lot of additional extra coverages that can add up but may not be useful. Insurance for things like rental car coverage, towing, and membership fees may be costing you every month. You may think they are a good idea when buying your policy, but your money might be better spent on other coverage so consider taking them off your policy.
Mazda 3 claim probability – Insurance companies study historical loss data to help determine rates. Vehicles that have increased claim numbers or amounts will have a higher premium rate. The table below illustrates the collected loss data for Mazda 3 vehicles.
For each coverage type, the loss probability for all vehicles averaged together is considered to be 100. Values that are 100 or less are indicative of better than average losses, while numbers above 100 show a trend for more claims or larger claims.
| Specific Mazda Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Mazda 3 | 99 | 104 | 96 | 106 | 110 | 103 |
| Mazda 3 Hatchback | 91 | 80 | 96 | 81 | 73 | 86 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Verify you’re earning every discount
Insurance can be pricey, but you might find some hidden discounts that could help you make your next renewal payment. Some trigger automatically at the time of purchase, but a few need to be specifically requested prior to receiving the credit.
- Active Service Discounts – Being deployed with a military unit could mean lower premium rates.
- Senior Citizens – Drivers that qualify as senior citizens are able to get reduced rates.
- ABS Braking Discount – Cars and trucks with anti-lock braking systems have fewer accidents and will save you 10% or more on 3 insurance in Newark.
- Student in College – Youth drivers who are enrolled in a college that is more than 100 miles from Newark and won’t have access to an insured vehicle can receive lower rates.
- Pay Early and Save – By paying your policy upfront rather than paying in monthly installments you can avoid the installment charge.
- Good Students Pay Less – Performing well in school can save 20 to 25%. The good student discount can last up to age 25.
- No Claims – Drivers who don’t have accidents can earn big discounts compared to bad drivers.
- Driving Data Discount – Drivers that enable their company to spy on vehicle usage by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if they exhibit good driving behavior.
While discounts sound great, it’s important to understand that many deductions do not apply to the overall cost of the policy. Some only apply to individual premiums such as medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, insurance companies aren’t that generous. Any qualifying discounts should definitely cut your overall premium however.
The diagram below shows the comparison of Mazda 3 insurance premiums with and without discounts applied to the rates. The costs are based on a female driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, marriage, homeowner, and claim-free discounts applied.
A few popular companies and some of the discounts include:
- The Hartford may have discounts that include good student, driver training, air bag, defensive driver, vehicle fuel type, and anti-theft.
- American Family has discounts for mySafetyValet, good driver, air bags, good student, defensive driver, accident-free, and Steer into Savings.
- Progressive has savings for continuous coverage, good student, online signing, online quote discount, multi-vehicle, and homeowner.
- Travelers discounts include continuous insurance, good student, new car, student away at school, home ownership, and save driver.
- Farmers Insurance includes discounts for electronic funds transfer, early shopping, bundle discounts, mature driver, and multi-car.
- USAA offers discounts for driver training, defensive driver, annual mileage, multi-policy, safe driver, and military installation.
- Liberty Mutual offers discounts including newly married, new vehicle discount, new graduate, newly retired, and good student.
When getting a coverage quote, ask each company which discounts you may be entitled to. A few discounts might not be offered in Newark. For a list of insurers that offer the discounts shown above in New Jersey, follow this link.
Buying car insurance from Newark car insurance agents
Some consumers just prefer to sit down with an agent and that is recommended in a lot of cases Licensed agents will help you protect your assets and help submit paperwork. One of the great benefits of getting online price quotes is that drivers can save money and get cheap car insurance rates and still have an agent to talk to.
To make it easy to find an agent, after completing this form (opens in new window), your information gets sent to companies in Newark who will give you bids and help you find cheaper coverage. You won’t need to find an agent on your own due to the fact that quote results will go to you directly. If for some reason you want to quote rates from one company in particular, just search and find their rate quote page and complete a quote there.
Selecting an provider requires you to look at more than just the quoted price. These are some valid questions you should ask.
- Will high miles depreciate repair valuations?
- When do they do policy reviews?
- Are they actively involved in the community?
- Do they have any clout with companies to ensure a fair claim settlement?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
Newark auto insurance companies ranked
Finding the right car insurance company can be challenging considering how many different companies there are to choose from in Newark. The information displayed below could help you select which car insurance providers you want to consider when comparing rate quotes.
Top 10 Newark Car Insurance Companies Ranked by Value
- The Hartford
- Mercury Insurance
- Farmers Insurance
- Safeco Insurance
- AAA Insurance
- 21st Century
- Travelers
- State Farm
- Progressive
- American Family
Do the work, save more money
Some insurance companies may not provide online rate quotes and most of the time these small, regional companies only sell coverage through independent agents. Cheaper Mazda 3 insurance in Newark can be bought from both online companies as well as from insurance agents, and you need to comparison shop both in order to have the best chance of saving money.
As you quote Newark auto insurance, you should never buy less coverage just to save a little money. Too many times, someone sacrificed collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy enough coverage at the lowest possible cost, but do not sacrifice coverage to save money.
Drivers who switch companies do it for many reasons like being labeled a high risk driver, extreme rates for teen drivers, high prices and even poor customer service. Whatever your reason, finding a great new company is not as hard as you think.
To learn more, feel free to visit these articles:
- Event Data Recorders FAQ (iihs.org)
- Who Has Affordable Newark Auto Insurance Rates for 16 Year Olds? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- Booster Seat Ratings (iihs.org)
- Understanding Car Crashes Video (iihs.org)
- Determining Auto Insurance Rates (GEICO)