Cheapest Rates for Mazda 6 Insurance in Newark

Nobody is fond of buying auto insurance, particularly when the cost is way too high.

We don’t have to point out that fact that auto insurance companies don’t want customers comparing rates. Insureds who get price quotes annually will presumably buy a new policy because they have good chances of finding a more affordable policy premium. A recent survey revealed that consumers who made a habit of comparing rate quotes saved an average of $72 a month compared to people who never shopped for cheaper rates.

If finding the cheapest price for car insurance is your objective, then having a good understanding how to get rate quotes and compare insurance can save time, money, and frustration.

Due to the large number of choices for buying cheap insurance for a Mazda 6 in Newark, it can be hard to locate the right auto insurance provider.

Best companies for Mazda 6 insurance

The providers in the list below are our best choices to provide free quotes in Newark, NJ. If you want to find the best car insurance in NJ, it’s a good idea that you visit two to three different companies in order to find the most competitive rates.

Premium rates and analysis

The table below outlines estimates of rate quotes for Mazda 6 models. Having insight into how premiums are calculated helps drivers make smart choices when buying a car insurance policy.

Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium amounts do not factor in specific Newark garaging location which can affect coverage prices noticeably.

Raise deductibles and save

When shopping for car insurance, a common question is which deductibles should you choose. The figures shown below approximate the costs and benefits between high and low policy deductibles. The first data table uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Table data does not factor in garaging location in Newark which can affect premiums noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost you about $19 more each month or $228 each year than choosing the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 13 months between claim filings, you would probably come out ahead if you choose the higher deductible.

Insurance rate increases from tickets or accidents

The chart below demonstrates how speeding tickets and accidents impact Mazda 6 insurance rates for each different age group. The data is based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Difference between liability only and full coverage rates

The example below compares Mazda 6 insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The data is based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no discounts are applied.

When to stop buying full coverage

There is no definitive rule of when to stop paying for comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let’s assume your Mazda 6 replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If premium cost is more than $700 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some situations where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

What Affects Mazda 6 Insurance Rates?

Many factors are part of the calculation when you quote your car insurance policy. Most are fairly basic such as your driving record, but others are not as apparent like your continuous coverage or how financially stable you are. A large part of saving on insurance is knowing a few of the rating criteria that come into play when calculating the price you pay for insurance. When you know what positively or negatively determines premiums, this allows you to make educated decisions that may result in lower premium levels.

• Physical damage deductibles – The deductibles define the amount you are willing to pay before a claim is paid by your company. Coverage for physical damage, aka comp and collision, protects your car from damage. Examples of covered claims could be collision with another vehicle, damage from fire, and having a roll-over accident. The more money you’re willing to pay, the lower your rates will be.

• Insurance rates and age – Young drivers in New Jersey have a tendency to be more careless with other occupants in the car so they pay higher insurance rates. Older people have been proven to be more responsible, cause fewer claims and accidents, and receive fewer citations.

  The following chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

• Get married and get better rates – Being married may cut your premiums compared to being single. It means you’re more mature and it’s statistically proven that drivers who are married file infrequent claims.
• Don’t cut corners with liability coverage – Liability insurance provides coverage when you are ruled to be at fault for causing damage or personal injury in an accident. Your policy’s liability insurance provides you with a defense in court which can cost a lot. It is affordable coverage when compared with rates for comp and collision, so drivers should carry high limits.
• Never let your insurance policy lapse – Driving without insurance coverage in place is not a good idea and any future policy may cost more because you let your coverage cancel without a new policy in place. In addition to paying higher premiums, being ticketed for driving with no insurance may result in fines or a revoked license.

• Insurance loss data for a Mazda 6 – Auto insurance companies use statistical claims data in order to profitably underwrite each model. Vehicles that historically have a trend towards higher claims will have higher premium rates.

  The information below illustrates the historical insurance loss data for Mazda 6 vehicles. For each type of coverage, the loss probability for all vehicles, without regard to make or model, is equal to 100. Percentage values below 100 suggest a better than average loss history, while numbers shown that are more than 100 point to more losses or an increased chance of a larger loss.

  
  

  Auto Insurance Loss Data for Mazda 6 Models

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Mazda 6	99	92	112	94	98	94

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Car insurance policy discounts for Mazda 6 insurance in Newark

Buying car insurance is not cheap, but there are discounts available that you may not know about. Certain reductions will be credited at the time you complete a quote, but a few must be requested specifically in order for you to get them.

• Organization Discounts – Belonging to a civic or occupational organization in Newark may earn a discount on car insurance.
• Discount for Home Ownership – Owning your own home or condo may earn you a small savings because of the fact that having a home means you have a higher level of financial diligence.
• Theft Deterrent – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.
• No Claims – Drivers with accident-free driving histories are rewarded with significantly better rates on Newark auto insurance quote in comparison to drivers with a long claim history.
• Discount for Life Insurance – Select insurance carriers reward you with a small discount if you purchase some life insurance too.
• Resident Student – Any of your kids who live away from home at college and won’t have access to an insured vehicle could get you a discount.
• Good Student – Performing well in school may save as much as 25% on a Newark auto insurance quote. Most companies allow this discount until age 25.
• Service Members Pay Less – Being on active deployment in the military could mean lower car insurance rates.
• Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
• Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to use their safety belts can save a little on the medical payments or PIP coverage costs.

A little disclaimer on discounts, many deductions do not apply to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, you’re out of luck.

The illustration below illustrates the difference between Mazda 6 insurance prices with and without discounts applied to the policy premium. The data assumes a female driver, no violations or accidents, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, multi-car, safe-driver, and claim-free discounts applied.

Companies and some of the premium reductions they offer are shown below.

• Progressive may have discounts that include multi-vehicle, good student, multi-policy, continuous coverage, online quote discount, and homeowner.
• The Hartford includes discounts for anti-theft, bundle, defensive driver, vehicle fuel type, driver training, and good student.
• Mercury Insurance offers discounts for anti-theft, good driver, multi-policy, age of vehicle, professional/association, and location of vehicle.
• GEICO has savings for five-year accident-free, air bags, federal employee, daytime running lights, and good student.
• AAA offers discounts including good student, good driver, pay-in-full, multi-policy, and multi-car.
• State Farm policyholders can earn discounts including driver’s education, multiple policy, anti-theft, accident-free, and Steer Clear safe driver discount.

When getting a coverage quote, ask every prospective company which discounts you may be entitled to. Discounts might not be offered everywhere.

When should I contact an insurance agent?

A lot of people would prefer to get advice from a local agent and often times that is recommended The best thing about comparing insurance prices online is you may find cheaper premium rates but still work with a licensed agent.

Once you complete this simple form, your insurance coverage information is emailed to insurance agents in Newark that give free quotes for your coverage. It’s much easier because you don’t need to leave your house since price quotes are sent to the email address you provide. Get lower rates without requiring a lot of work. If you want to quote rates from a specific insurance company, feel free to visit that company’s website and complete a quote there.

Finding a good provider is decision based upon more than just the price. The questions below may impact your decision as well.

• How are they compensated?
• In the event of vehicle damage, can you pick the collision repair facility?
• How much will you save each year by using a higher deductible?
• Can they provide you with a list of referrals?
• If independent agents, which companies do they recommend?
• Has the agent ever had any license suspensions?
• Is insurance their full-time profession?

The different types of car insurance agents

If you would like to find a reputable insurance agent or broker, it’s important to understand the types of agencies and how they can write your policy. Insurance agencies in Newark can either be independent or exclusive depending on the company they work for.

Exclusive Auto Insurance Agencies

Agents of this type can only provide one company’s prices such as Farmers Insurance, American Family, State Farm and Allstate. They generally cannot compare rates from other companies so you need to shop around if the rates are high. Exclusive agencies are usually well trained on sales techniques and that can be a competitive advantage.

Shown below are Newark exclusive insurance agencies that can give you price quotes.

View more Newark agents

Independent Auto Insurance Agencies

Agents of this type do not have single company limitations so they can quote policies with lots of companies and possibly get better coverage at lower prices. If premiums increase, your policy is moved internally and you don’t have to switch agencies.

When searching for an agent, you definitely need to check rates from independent agents for the best price selection.

The following is a short list of independent agents in Newark that are able to give rate quotes.

View more Newark agents

Special considerations

When choosing insurance from an agent or online, there really is not a “best” method to buy coverage. Your financial needs are unique and your car insurance should unique, too.
These are some specific questions can aid in determining whether or not you might need an agent’s assistance.

• Who is covered when they drive my Mazda 6?
• What does PIP insurance cover?
• Why do I need rental car insurance?
• Should I carry comprehensive and collision coverage?
• Is a driver training discount available?
• Is a new car covered when I drive it off the dealer lot?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Get the best coverage at the lowest price

When getting Newark auto insurance quotes online, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where an insured dropped physical damage coverage and found out when filing a claim that they should have had better coverage. Your goal is to get the best coverage possible at the best possible price, not the least amount of coverage.

Lower-priced Mazda 6 insurance in Newark can be found online in addition to local insurance agencies, and you should compare rates from both so you have a total pricing picture. Some auto insurance companies do not offer the ability to get quotes online and these regional carriers work with independent agencies.

Steps to buying lower priced Mazda 6 insurance in Newark

The preferred way to find better pricing on Mazda 6 insurance is to compare prices annually from different companies who can sell car insurance in Newark.

1. Spend a few minutes and learn about how auto insurance works and the factors you can control to drop your rates. Many rating criteria that increase rates such as accidents, careless driving, and poor credit history can be improved by making small lifestyle or driving habit changes.
2. Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers.
3. Compare the new rates to the premium of your current policy to see if cheaper 6 coverage is available. If you find a better price and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Provide notification to your current company to cancel your current car insurance policy. Submit the application along with any required down payment to the newly selected company. Once coverage is bound, place your new certificate verifying proof of insurance in your glove compartment.

An important bit of advice to remember is that you use the same deductibles and limits on each price quote and to quote with as many different companies as possible. Doing this helps ensure a fair price comparison and plenty of rates choose from.

For more information, feel free to browse these articles:

• All About Airbag Safety (State Farm)
• Who Has Affordable Newark Car Insurance for a Toyota Highlander? (FAQ)
• Who Has Cheap Newark Car Insurance for a Kia Optima? (FAQ)
• Who Has Affordable Newark Car Insurance for First-time Drivers? (FAQ)
• Who Has Affordable Auto Insurance Rates After a Speeding Ticket in Newark? (FAQ)
• How Much is Newark Car Insurance for Uninsured Drivers? (FAQ)
• What Auto Insurance is Cheapest for Teenagers in Newark? (FAQ)
• What is the Best Cheap Auto Insurance in Newark, New Jersey? (FAQ)
• Drunk Driving Statistics (Insurance Information Institute)
• Car Insurance FAQ (Trusted Choice)