What is my neighbor paying for their 2016 Mazda CX-5?
Auto-Full Coverage, 2016 Mazda CX-5
See a sample rate for a Female Driver / Single 48 year old with No Violations – Full Coverage.
2016 Mazda CX-5: SAMPLE QUOTE
|Coverages and Other Factors|
|Coverage Type: Full Coverage|
|Number of Vehicles on Policy: 1|
|Year/Make/Model: 2016 Mazda CX-5|
|Ownership Status: Own/Paid Off|
|Rental Coverage: No|
|More Auto Coverage Details|
|Insurance Company: Progressive Insurance Company|
|Liability Limits: $25,000 each person / $50,000 each accident / $15,000 Property Damage|
|Uninsured Motorist: Rejected|
|Underinsured Motorist: Rejected|
|Medical Payments: Rejected|
|Comprehensive/Collison Deductible: $1,000 Deductible|
Insurance Rating Factors
State: Denver, Colorado
Age Group: Late 40’s
Legal Marital Status: Single
Prior Insurance: Yes
SR-22: Not Required
Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real quote.
What Are Some Auto Insurance Discounts?
Auto insurance companies often offer various discounts to their customers as a way to encourage safe driving habits, customer loyalty, and risk reduction. Here are some common auto insurance discounts you might come across:
- Good Driver Discount: Offered to drivers with a clean driving record, meaning no accidents or traffic violations over a certain period.
- Multi-Vehicle Discount: If you insure multiple vehicles under the same policy, you may qualify for a discount on the premiums for each vehicle.
- Multi-Policy Discount: Bundling your auto insurance with other policies (e.g., home insurance) from the same insurer can lead to a discount on all policies.
- Safe Driver Discount: Similar to the good driver discount, but often requires the use of telematics devices or smartphone apps to monitor and prove safe driving behavior.
- Low Mileage Discount: If you don’t drive much, you may be eligible for a discount, as lower mileage often translates to lower risk.
- Good Student Discount: Offered to young drivers who maintain a certain level of academic achievement, as they are statistically considered safer drivers.
- Defensive Driving Course Discount: Completing an approved defensive driving course can lead to a discount on your premiums.
- Anti-Theft Device Discount: Installing anti-theft devices or car alarms can lower the risk of theft and, in turn, reduce your insurance premiums.
- Safety Features Discount: Cars equipped with advanced safety features like anti-lock brakes, airbags, and electronic stability control may qualify for discounts.
- Loyalty Discount: If you stay with the same insurance company for an extended period, they might reward your loyalty with a discount.
- Affinity Group Discount: Some insurance companies offer discounts to members of certain organizations, alumni associations, or professional groups.
- Military Discount: Available to active duty and retired military personnel as a token of appreciation for their service.
- Pay-in-Full Discount: Paying your annual premium upfront instead of monthly can sometimes lead to a discount.
- Electronic Payment Discount: Opting for electronic funds transfer (EFT) or automatic payments can result in a small discount.
- Green Vehicle Discount: Owning an eco-friendly or hybrid vehicle may qualify you for a discount.
It’s important to note that the availability of these discounts and the specific criteria for qualifying may vary depending on the insurance company and your location. When shopping for auto insurance, be sure to ask the insurer about the discounts they offer and see which ones you might be eligible for to maximize your savings.
Why Should I Consider Having A Higher Deductible On Full Coverage?
Having a higher deductible on full coverage can be a strategic decision that may offer several benefits for certain individuals. A deductible is the amount you agree to pay out of pocket before your insurance coverage kicks in to cover the rest of the expenses in the event of a claim. Here are some reasons why you might consider having a higher deductible on your full coverage auto insurance:
- Lower Premiums: One of the most significant advantages of opting for a higher deductible is that it usually leads to lower monthly or annual insurance premiums. Since you are agreeing to take on more financial responsibility in case of an accident, the insurance company can afford to charge you lower premiums.
- Cost-Effectiveness for Low-Risk Drivers: If you are a safe driver with a clean record and haven’t had any accidents or claims for a long time, choosing a higher deductible can be cost-effective. If the likelihood of filing a claim is low, paying a lower premium might save you money over time.
- Financial Flexibility: If you have sufficient emergency funds or savings, you can comfortably handle the higher deductible in case of an accident. By taking on a higher deductible, you transfer some of the financial risk from the insurance company to yourself, potentially saving money on premiums in the long run.
- Avoiding Small Claims: Having a higher deductible encourages policyholders to avoid filing small claims. Paying for minor damages out of pocket instead of making a claim can help you maintain a claims-free record, which might keep your premiums lower over time and protect your “claims-free discount.”
- Personalized Coverage: The ability to choose your deductible allows you to tailor your auto insurance coverage to your specific needs and risk tolerance. You can select a deductible that aligns with your financial situation and comfort level.
However, it’s essential to consider the potential downsides before opting for a higher deductible:
- Higher Out-of-Pocket Costs: With a higher deductible, if you do have an accident or need to file a claim, you’ll be responsible for a larger portion of the repair costs before your insurance coverage takes over. This could be a financial burden, especially if you don’t have enough savings to cover the deductible comfortably.
- Risk of Uninsured Repairs: If you can’t afford to pay the higher deductible after an accident, you might delay or avoid necessary repairs, leaving your vehicle vulnerable to further damage.
- Impact on Leased or Financed Vehicles: Some lease or finance agreements may require a specific maximum deductible. Check with your lessor or lender to ensure your chosen deductible meets their requirements.
Before making any changes to your auto insurance policy, it’s essential to evaluate your financial situation, driving habits, and risk tolerance. Consider speaking with your insurance agent to assess the potential savings and risks associated with a higher deductible on full coverage.
What Is the Reputation of a 2016 Mazda CX-5?
The 2016 Mazda CX-5 had a generally positive reputation among automotive reviewers and owners. The CX-5 is a compact SUV, and Mazda is known for producing vehicles that offer a combination of stylish design, engaging driving dynamics, and good fuel efficiency.
Here are some aspects that contributed to the favorable reputation of the 2016 Mazda CX-5:
- Stylish Design: The CX-5 featured Mazda’s KODO design language, which gave it a sleek and modern appearance that stood out in its class.
- Handling and Performance: The CX-5 received praise for its responsive handling and enjoyable driving experience. Mazda is often lauded for creating vehicles that feel more engaging and sporty than many of their competitors.
- Fuel Efficiency: The CX-5 offered competitive fuel efficiency figures, making it an economical choice for daily commuting and long trips.
- Safety: The 2016 CX-5 earned good safety ratings from the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA). It came equipped with various safety features and available driver assistance technologies.
- Interior Quality and Comfort: The CX-5’s interior was generally well-regarded for its quality materials, comfortable seating, and user-friendly infotainment system.
- Reliability: Mazda, in general, has a reputation for building reliable vehicles, and the CX-5 has been known to be a dependable choice for many owners.
- Value for Money: The CX-5 offered a good balance of features, performance, and price, making it a compelling option for buyers seeking a practical and enjoyable SUV.
However, it’s important to note that individual experiences with any vehicle can vary, and factors such as maintenance, driving habits, and regional climate can influence long-term satisfaction with the CX-5.
If you’re considering purchasing a used 2016 Mazda CX-5 or any vehicle, it’s a good idea to research specific consumer reviews, conduct a thorough pre-purchase inspection, and check the vehicle’s maintenance history to ensure you’re getting a well-maintained example. Additionally, consider having a trusted mechanic inspect the vehicle before finalizing the purchase.
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