Looking for low-cost Mazda 2 insurance in Louisville? Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Trust us when we tell you many Louisville drivers have buyer’s remorse.
It’s a known fact that auto insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around are likely to switch auto insurance companies because of the good chance of getting low-cost coverage. A recent survey discovered that consumers who made a habit of comparing rates saved as much as $860 a year compared to people who never shopped for cheaper rates.
If finding budget-friendly car insurance in Louisville is your ultimate goal, then learning about how to choose a company and compare insurance premiums can save time and money.
Steps to finding low-cost Mazda 2 insurance in Louisville
If you want to find the absolute lowest rates, then the best way to get discount Mazda 2 insurance in Louisville is to begin comparing prices regularly from insurance carriers in Kentucky. Rates can be compared by following these guidelines.
- First, try to learn a little about policy coverages and the measures you can take to prevent rate increases. Many rating factors that cause high rates like accidents, careless driving, and an unacceptable credit rating can be eliminated by making lifestyle changes or driving safer.
- Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive or State Farm, while agents who are independent can give you price quotes for many different companies.
- Third, compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find a better price and decide to switch, make sure there is no coverage gap between policies.
- Fourth, provide adequate notice to your current company to cancel your current policy. Submit the application along with any required down payment for your new coverage. As soon as you have the new policy, safely store the certificate verifying proof of insurance in your vehicle’s glove compartment or console.
A good tip to remember is that you use identical coverages on each price quote and and to get rates from as many different insurance providers as possible. Doing this ensures an apples-to-apples comparison and many rates to choose from.
Companies like State Farm and GEICO constantly bombard you with TV and radio ads and it can be hard to sift through the bull and do the work needed to find the best deal.
You should take the time to take a look at other company’s rates before your next renewal since insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest premium rates on Mazda 2 insurance in Louisville a year ago you can probably find a better price now. Block out anything you think you know about auto insurance because you’re about to learn the quickest way to buy cheaper Mazda 2 insurance in Louisville.
How to compare Mazda 2 insurance quotes in Louisville, Kentucky
Keep in mind that obtaining a wide range of quotes will increase your chances of finding a lower rate.
The companies shown below have been selected to offer free rate quotes in Louisville, KY. If you wish to find cheaper car insurance in Louisville, KY, we recommend you visit several of them to get the cheapest price.
Car insurance does more than just repair your car
Even though it can be expensive, car insurance is required by state law in Kentucky and it also provides benefits you may not be aware of.
First, just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to drive the car legally. 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.
Second, if you have a loan on your vehicle, almost every bank will make it a condition of the loan that you have physical damage coverage to guarantee loan repayment. If the policy lapses, the bank or lender will purchase a policy for your Mazda at a significantly higher premium and force you to pay the higher price.
Third, insurance protects not only your vehicle but also your financial assets. Insurance will also pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance will also pay to defend you if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance are definitely more than the cost, particularly if you ever have a claim. On average, a vehicle owner in Louisville overpays as much as $855 a year so it’s very important to do a rate comparison once a year at a minimum to help ensure money is not being wasted.
Get cheaper Mazda 2 insurance in Louisville with discounts
Companies don’t list every possible discount very well, so the list below details some of the more common and the more hidden savings tricks you should be using when you buy Louisville auto insurance online.
- Paperless Signup – Certain larger companies will give a small break for buying your policy online.
- Save with a New Car – Buying a new car model can be considerably cheaper since new vehicles are generally safer.
- Claim Free – Drivers with accident-free driving histories pay less when compared with frequent claim filers.
- Drivers Ed for Students – Cut your cost by having your teen driver successfully take a driver’s education course if it’s offered in school.
- Anti-lock Brake System – Cars and trucks with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more on 2 insurance in Louisville.
Keep in mind that most discounts do not apply to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. Even though the math looks like having all the discounts means you get insurance for free, companies wouldn’t make money that way.
To see providers that offer many of these discounts in Louisville, click here.
Get rate quotes but buy from a local Louisville insurance agent
Certain consumers prefer to sit down with an agent and doing that can be a smart decision One of the great benefits of comparing rates online is that you can obtain cheap car insurance rates and still choose a local agent. Supporting local insurance agents is especially important in Louisville.
By using this simple form, the quote information gets sent to local insurance agents in Louisville who want to provide quotes to get your business. There is no need to leave your house because quoted prices will be sent directly to your email. You can get cheaper car insurance rates without the usual hassles of price shopping. In the event you want to compare rates from one company in particular, feel free to go to their quote page and submit a quote form there.
Picking an company requires you to look at more than just the bottom line cost. The questions below may impact your decision as well.
- Do they offer accident forgiveness?
- Can they help ensure a fair claim settlement?
- Is the coverage adequate for your vehicle?
- Are they paid to recommend certain coverages?
- Will a damage claim use OEM or aftermarket replacement parts?
- Are they in the agency full-time?
- Is the agency involved in supporting local community causes?
Upon getting good answers to any questions you have and inexpensive Mazda 2 insurance in Louisville quotes, chances are good that you have found a company that will insure your vehicles. It’s important to know that you are able to cancel a policy whenever you choose to so don’t feel that you’re stuck with any particular company for a certain time period.
Tailor your auto insurance coverage to you
Keep in mind that when it comes to choosing coverage for your vehicles, there isn’t really a “perfect” insurance plan. Every situation is different.
Here are some questions about coverages that might point out if you will benefit from professional help.
- Do I get a pro-rated refund if I cancel my policy early?
- What is glass protection for?
- What is the rate difference between pleasure use and commuting?
- What happens if I owe more than my Mazda 2 is worth?
- Do I have coverage if I rent a car in Mexico?
- Can I still get insurance after a DUI?
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form.
Car insurance coverage considerations
Having a good grasp of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.
Auto collision coverage
Collision insurance pays for damage to your 2 resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers claims like sideswiping another vehicle, sustaining damage from a pot hole and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible on your 2 to get cheaper collision coverage.
Insurance for medical payments
Med pay and PIP coverage provide coverage for bills like hospital visits, EMT expenses and nursing services. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (25/50/10 in Kentucky), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.
Comprehensive coverage (or Other than Collision)
This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like damage from getting keyed, hitting a bird, damage from a tornado or hurricane, hail damage and vandalism. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
This protects you from damage that occurs to people or other property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/10 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage pays for claims like medical expenses, pain and suffering and court costs. How much coverage you buy is up to you, but buy as high a limit as you can afford. Kentucky state law requires minimum liability limits of 25/50/10 but it’s recommended drivers buy more liability than the minimum.
The chart below demonstrates why buying minimum limits may not provide you with enough coverage.
Don’t give up on cheaper premiums
Cost effective Mazda 2 insurance can be sourced on the web in addition to many Louisville insurance agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who do not provide the ability to get quotes online and many times these regional insurance providers sell through independent insurance agencies.
Consumers change insurance companies for any number of reasons including high rates after DUI convictions, high prices, being labeled a high risk driver and even an unsatisfactory settlement offer. It doesn’t matter what your reason, switching companies is not as hard as you think.
We covered many ideas to find cheaper Mazda 2 insurance in Louisville. The key thing to remember is the more you quote Louisville auto insurance, the better chance you’ll have of finding affordable Louisville auto insurance quotes. Consumers may even find the best auto insurance rates are with the least-expected company.
Steps to finding the cheapest rates for Mazda 2 insurance in Louisville
The easiest way to get low-cost Mazda 2 insurance in Louisville is to regularly compare price quotes from insurers that sell auto insurance in Kentucky.
Step 1: Spend a few minutes and learn about how companies price auto insurance and the modifications you can make to keep rates in check. Many factors that are responsible for high rates like accidents, careless driving, and poor credit can be eliminated by making lifestyle changes or driving safer.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like GEICO or State Farm, while agents who are independent can provide rate quotes for a wide range of insurance providers. Select a company
Step 3: Compare the quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate quote and make a switch, make sure coverage is continuous and does not lapse.
One tip to remember is to try to use the same liability limits and deductibles on each quote and and to get price quotes from every insurance company. Doing this ensures an accurate price comparison and a complete rate analysis.
Additional car insurance information is located at the links below
- How to Avoid Common Accidents (State Farm)
- Who Has Affordable Louisville Car Insurance for 19 Year Olds? (FAQ)
- What Auto Insurance is Cheapest for Drivers Under 21 in Louisville? (FAQ)
- Who Has Affordable Louisville Auto Insurance Quotes for Inexperienced Drivers? (FAQ)
- Who Has the Cheapest Louisville Auto Insurance Rates with Multiple Speeding Tickets? (FAQ)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Auto Insurance Basics (Insurance Information Institute)
- Side Impact Crash Tests (iihs.org)