Would you like to stop wasting money and find more affordable insurance rates in Aurora, CO? Aurora buyers have lots of choices when searching for the lowest priced Mazda 5 insurance. They can either spend hours struggling with agents getting price quotes or save time using the internet to get rate quotes. There are both good and bad ways to find insurance online so we’re going to tell you the best way to get price quotes for a Mazda and locate the lowest price either online or from Aurora insurance agents.
The most recommended method to get rate comparisons for Mazda 5 insurance in Aurora is to know the fact auto insurance companies participate in online systems to give you rate quotes. To begin a comparison, all you need to do is spend a couple of minutes providing details including distance driven, your occupation, if the car is leased, and whether or not you need a SR-22. The data is then submitted to multiple top-rated companies and they respond with quotes within a short period of time.
To compare rates for your car now, click here and complete the quick form.
The auto insurance companies shown below are ready to provide price comparisons in Aurora, CO. If your goal is to find cheap auto insurance in Aurora, we recommend you visit two to three different companies in order to get a fair rate comparison.
Data for Mazda 5 insurance
The price information displayed below highlights a range of rate quotes for Mazda 5 models. Having insight into how insurance policy premiums are established can assist in making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $146 | $236 | $298 | $18 | $90 | $788 | $66 |
| 5 Touring Station Wagon | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| 5 Grand Touring Station Wagon | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in garaging location in Aurora which can lower or raise auto insurance rates substantially.
Policy deductibles
One common question asked by Aurora drivers is what deductibles to buy. The rates shown below summarize the differences in price between low and high physical damage coverage deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $236 | $376 | $298 | $18 | $90 | $1,043 | $87 |
| 5 Touring Station Wagon | $272 | $458 | $298 | $18 | $90 | $1,161 | $97 |
| 5 Grand Touring Station Wagon | $272 | $458 | $298 | $18 | $90 | $1,161 | $97 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $192 | $304 | $298 | $18 | $90 | $902 | $75 |
| 5 Touring Station Wagon | $220 | $368 | $298 | $18 | $90 | $994 | $83 |
| 5 Grand Touring Station Wagon | $220 | $368 | $298 | $18 | $90 | $994 | $83 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in vehicle garaging location which can modify insurance rates substantially.
Using the data above, we can ascertain that using a $250 deductible could cost the average driver approximately $14 more each month or $168 annually than selecting the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at least 18 months between claim filings, you would more than likely save some money if you opt for a higher deductible.
How to determine if a higher deductible is a good idea
| Average monthly premium for $250 deductibles: | $94 |
| Average monthly premium for $500 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $14 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $14 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
The diagram below demonstrates how deductibles and can affect Mazda 5 insurance premiums for different insured age categories. Data assumes a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Price comparison of only insuring for liability
The information below shows the comparison of Mazda 5 annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.
Should you buy full coverage or liability only?
There is no set rule to stop buying comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Mazda 5 replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If it’s costing in excess of $700 annually for comprehensive and collision coverage, then you might consider buying liability only.
There are some situations where dropping full coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
Do I need an agent?
Certain consumers still like to talk to a local agent and that is a personal choice. Professional agents can point out coverage gaps and help submit paperwork. One of the great benefits of comparing rates online is you may find better rates and still have an agent to talk to.
Upon completion of this simple form, your coverage information is transmitted to insurance agents in Aurora who will give competitive quotes for your coverage. There is no need to search for an agent because quoted prices will be sent directly to you. If you have a need to get a price quote from a particular provider, feel free to visit that company’s website and give them your coverage information.
Selecting an insurer should depend on more than just the premium amount. These are some questions your agent should answer.
- Do the agents have professional certifications like CPCU or CIC?
- How long has their agency been open in Aurora?
- Are you getting all the discounts the company offers?
- Do they assist clients in filing claims?
- What is their Better Business Bureau rating?
- Does the company have a local claim office in Aurora?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
Is an exclusive or independent car insurance agent right for you?
If you want to use a local insurance agency, it’s important to understand the types of agencies that you can select. Insurance policy providers are either exclusive or independent agents depending on their company appointments. Both types of agents can properly insure your vehicles, but it’s worth learning the subtle differences since it may influence your selection of an agent.
Exclusive Agents
Agents in the exclusive channel work for only one company like Farmers Insurance or State Farm. They generally cannot place coverage with different providers so if the price isn’t competitive there isn’t much they can do. These agents are very knowledgeable on their company’s products which helps them sell insurance even at higher premiums. A lot of people buy from exclusive agents partially due to the brand name instead of buying on price only.
Shown below is a short list of exclusive agents in Aurora that can give you price quote information.
- Bob Massie – State Farm Insurance Agent
15290 E 6th Ave #220 – Aurora, CO 80011 – (303) 364-8298 – View Map - Scott Underwood State Farm Insurance
15322 E Alameda Pkwy #25 – Aurora, CO 80017 – (303) 745-3174 – View Map - Allstate Insurance: Roger Francis
18757 E Hampden Ave Ste 154 – Aurora, CO 80013 – (303) 792-3460 – View Map
Independent Insurance Agencies
Agents that elect to be independent do not write with just one company and that allows them to write policies amongst many companies and get you the best rates possible. If your premiums go up, an independent agent can move your coverage and you won’t have to switch agencies. When shopping rates, it’s recommended you contact a couple of independent agencies so that you can do a thorough price comparison. Most can insure with different regional companies that can offer cheaper rates than bigger companies.
Shown below is a short list of independent insurance agencies in Aurora who can help you get comparison quotes.
- Colorado Insurance Professionals, Inc.
13693 E Iliff Ave – Aurora, CO 80014 – (303) 755-8600 – View Map - Dickson Insurance Agency
4093 S Olathe Ct – Aurora, CO 80013 – (303) 693-1936 – View Map - ALINK Insurance Services
3033 S Parker Rd #120 – Aurora, CO 80014 – (303) 752-6479 – View Map
If you get good responses to any questions you have and a good coverage price, you may have just found a car insurance agent that can be relied on to adequately provide insurance.