Best Insurance for a Mazda 5 in Honolulu

Do you want to save money by buying more competitive Mazda 5 insurance in Honolulu? Having to pay for overpriced Mazda 5 insurance in Honolulu can deplete your bank account and maybe even restrict other spending. Performing a price comparison is recommended to ensure you are getting the best deal.

Insurance for Mazda 5It’s easy to assume that car insurance companies want to keep you from comparing rates. Consumers who shop around annually are likely to move their business because there is a great chance of finding a lower-cost company. A recent survey found that consumers who regularly shopped around saved $3,400 over four years compared to drivers who never shopped around for cheaper prices.

If finding discount rates on auto insurance is your ultimate target, then knowing how to find and compare insurance can help simplify the task of finding more affordable coverage.

Steps to finding low-cost Mazda 5 insurance in Honolulu

If you want to save money, the best way to get budget Mazda 5 insurance is to begin comparing prices regularly from insurance carriers who sell insurance in Honolulu.

First, try to learn about how companies price auto insurance and the things you can change to prevent high rates. Many factors that drive up the price such as at-fault accidents, careless driving, and an unfavorable credit rating can be remedied by making minor driving habit or lifestyle changes.

Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO and State Farm, while agents who are independent can give you price quotes for a wide range of companies.

Third, compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find better rates, make sure coverage is continuous and does not lapse.

Fourth, notify your current company to cancel your current car insurance policy and submit payment and a signed application to your new carrier. Don’t forget to safely store the certificate verifying coverage in an easily accessible location.

A key point to remember is to use similar coverage information on every quote and and to compare every company you can. Doing this provides a level playing field and many rates to choose from.

There are many car insurance companies to choose from, and though it is a good thing to be able to choose, it can be more difficult to compare rates and find the lowest cost insurance.

Choosing the best rates in Honolulu is quite easy if you know the best way to do it. If you are insured now or need a new policy, use these cost-cutting techniques to save money and still get good coverage. Consumers only need to know the most time-saving way to compare insurance rates instantly.

Cheapest auto insurance in Honolulu, HI

The companies shown below have been selected to offer price comparisons in Hawaii. If multiple companies are shown, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.

Car insurance analysis for a Mazda 5

The premium table displayed below showcases detailed analysis of insurance costs for Mazda 5 models. Learning more about how insurance rates are calculated can benefit drivers when making informed decisions when shopping around for a new policy.

Mazda 5 Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
5 Sport Station Wagon $170 $332 $236 $14 $70 $822 $69
5 Touring Station Wagon $196 $404 $236 $14 $70 $920 $77
5 Grand Touring Station Wagon $196 $404 $236 $14 $70 $920 $77
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Table data does not factor in your specific Honolulu location which can raise or lower auto insurance rates substantially.

The information below shows how choosing a deductible and can impact Mazda 5 insurance prices for each different age group. The prices are based on a single female driver, full coverage, and no policy discounts are applied.

Full coverage rates vs. liability-only

The illustration below illustrates the comparison of Mazda 5 auto insurance rates with and without physical damage coverage. The price estimates are based on a clean driving record, no claims, $250 deductibles, single marital status, and no additional discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no set guideline of when to exclude comp and collision coverage, but there is a general convention. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Mazda 5 replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after the deductible is paid. If it’s costing you more than $500 a year to have full coverage, then you may need to consider dropping full coverage.

There are some cases where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.

Honolulu Insurance Prices are Influenced by These Factors

A large part of saving on insurance is knowing the different types of things that help determine the level of your policy premiums. If you know what determines base rates, this allows you to make educated decisions that will entitle you to better insurance rates. Multiple criteria are used in the calculation when you get a price on insurance. A few of the factors are predictable such as your driving record, but other criteria are more obscure such as your credit history or your vehicle rating.

The factors shown below are a partial list of the pieces insurance companies consider when setting your prices.

Alarms and GPS tracking systems cut insurance rates – Purchasing a vehicle with a theft deterrent system can help bring down rates. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent auto theft.

No policy lapses saves money – Driving with no insurance is not a good idea and you will pay a penalty because you let your insurance coverage expire. And not only will insurance be more expensive, the inability to provide proof of insurance could result in a license revocation or jail time. You may then be required to file a SR-22 with the Hawaii motor vehicle department.

Rates can change based on your address – Being located in less populated areas of the country has definite advantages when talking about insurance. Fewer people means less chance of accidents. Drivers in populated Hawaii areas regularly have more auto accidents and more time behind the wheel. Longer commute distances means a statistically higher chance of an accident.

Lower rates with a multi-policy discount – Most major insurers allow better rates to customers that buy multiple policies such as combining an auto and homeowners policy. Discounts can add up to ten percent or more. If you currently are using one company, you may still want to comparison shop to ensure the best deal.There is a chance you can save money by splitting coverages up.

Demanding vocation may mean higher rates – Did you know your job can affect your rates? Jobs such as military generals, airline pilots, and stock brokers generally pay the highest rates because of high stress and lots of time spent away from family. Other jobs such as farmers, students and retirees pay the least.

Cautious drivers have lower prices – Having a clean driving record can have a huge impact on auto insurance premiums. Attentive drivers get better rates than bad drivers. Having a single driving citation can bump up the cost to the point where it’s not affordable. Drivers with multiple citations such as reckless driving or DUI are required to file a SR-22 with their state’s licensing department in order to prevent a license revocation.

The information below highlights how traffic violations and at-fault accidents raise Mazda 5 insurance costs for different ages of insureds. The rates are based on a single male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.

Only buy extra coverages you need – Insurance policies have a lot of extra add-on coverages that can waste your money but may not be useful. Insurance for things like vanishing deductibles, high-cost glass coverage, and Farm Bureau memberships may be costing you every month. They may seem like a good idea when discussing your needs, but if they’re wasting money remove them and pocket the money.

Know your credit rating – Having a bad credit history will be a significant factor in calculating your insurance rates. People with very high credit ratings tend to file fewer claims and have better driving records than those with bad credit. If your credit history could use some work, you could potentially save money when insuring your Mazda 5 by repairing your credit.

Mazda 5 claim data – Car insurance companies analyze historical claim data to calculate a price that offsets possible losses. Vehicles that are shown to have higher prevalence or dollar amount of losses will have higher rates. The table below demonstrates the actual insurance loss data for Mazda 5 vehicles.

For each type of coverage, the loss probability for all vehicles, without regard to make or model, is equal to 100. Numbers that are below 100 suggest losses that are better than average, while percentage numbers above 100 show a trend for more claims or tendency to have higher losses.

Car Insurance Loss Data for Mazda 5 Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Mazda 5 86 86 73 103 95 91

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

Take advantage of these discounts on Mazda 5 insurance in Honolulu

Car insurance is neither fun to buy or cheap, but you might find some hidden discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you complete an application, but some may not be applied and must be specially asked for prior to getting the savings.Save money with discounts

You should keep in mind that most credits do not apply to the entire cost. Some only reduce individual premiums such as collision or personal injury protection. Just because you may think it’s possible to get free car insurance, you won’t be that lucky.

The illustration below compares Mazda 5 auto insurance costs with and without discounts applied to the policy rates. The rates are based on a male driver, no claims or driving violations, Hawaii state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, homeowner, safe-driver, and multi-car discounts applied.

A few popular companies and their offered discounts are outlined below.

When quoting, ask every prospective company which discounts they offer. Some of the earlier mentioned discounts might not be available to policyholders in Honolulu. To view insurance companies that can offer you the previously mentioned discounts in Honolulu, click here to view.

When to have guidance from an agent

A lot of people would rather talk to an insurance agent and that is just fine! Experienced insurance agents can help you build your policy and help file insurance claims. An additional benefit of price shopping on the web is you can get lower rates but also keep your business local.

Find insurance agent in HonoluluFor easy comparison, once you complete this form (opens in new window), the coverage information is emailed to participating agents in Honolulu who will give competitive quotes and help you find cheaper coverage. There is no need to do any legwork due to the fact that quote results will go to the email address you provide. In the event you want to quote rates from a specific company, you would need to jump over to their website and fill out their quote form.

Finding the right company requires more thought than just a cheap price. Ask your prospective agent these questions:

Exclusive agents vs. Independent agents

When researching local Honolulu agents, it helps to know the two different agency structures that you can choose from. Insurance agencies in Honolulu can be categorized as either exclusive or independent (non-exclusive). Both can write car insurance policies, but it is a good idea to know the differences since it may influence the kind of agent you use.

Exclusive Car Insurance Agents

Agents that choose to be exclusive can only quote rates from one company and some examples include Allstate and State Farm. They are unable to provide rate quotes from other companies so they have to upsell other benefits. Exclusive agencies receive extensive training on their company’s products which helps them compete with independent agents.

Listed below are Honolulu exclusive insurance agents willing to provide price quotes.

Scott Saito – State Farm Insurance Agent
1150 S King St #901dHonolulu, HI 96814(808) 946-8464View Map

2038 S King StHonolulu, HI 96826(808) 952-5353View Map

1016 Kapahulu Ave #250Honolulu, HI 96816(808) 734-3265View Map

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Independent Car Insurance Agencies

These agents do not work for one specific company and that enables them to quote your coverage with lots of companies depending on which coverage is best. If your agent finds better pricing, they simply move your policy to a different company and you stay with the same agent. If you are comparing rate quotes, we recommend you get several quotes from a couple of independent agencies for maximum quote selection.

Below is a list of independent insurance agencies in Honolulu willing to provide price quotes.

1132 Bishop St #1600Honolulu, HI 96813(808) 533-8728View Map

1440 Kapiolani Blvd # 950Honolulu, HI 96814(808) 942-5353View Map

1100 Ward Ave # Main, Honolulu, HI 96814, Honolulu, 96818Honolulu, HI 96818(808) 527-7777View Map

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If you feel you receive acceptable answers to these questions and locked in a price quote, it’s possible that you found an insurance agent that is reliable enough to service your policy. Just understand that you are able to cancel your policy for any reason so don’t feel that you are obligated to any particular company for any length of time.

Best car insurance company in Hawaii

Picking a high-quality company can be challenging considering how many companies provide coverage in Hawaii. The company ratings in the lists below may help you decide which auto insurance companies to look at when shopping around.

Best Car Insurance Companies in Hawaii
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

Do I just need basic coverages?

When quoting and choosing a policy for your vehicles, there is no best way to insure your cars. Every insured’s situation is different.Higher deductibles save money

For instance, these questions may help highlight whether your personal situation would benefit from professional advice.

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Shop smart and save

Drivers leave their current company for any number of reasons including an unsatisfactory settlement offer, not issuing a premium refund, poor customer service and even questionable increases in premium. Regardless of your reason for switching companies, finding the right auto insurance provider is pretty simple and you could end up saving a buck or two.

Throughout this article, we presented a lot of tips how to compare Mazda 5 insurance rates in Honolulu. The most important thing to understand is the more providers you compare, the better your chances of lowering your car insurance rates. You may even discover the lowest rates are with an unexpected company.

While you’re price shopping online, never reduce needed coverages to save money. There are many occasions where consumers will sacrifice uninsured motorist or liability limits only to discover later they didn’t have enough coverage. The ultimate goal is to buy the best coverage you can find for the lowest cost.

Steps to finding low-cost rates for Mazda 5 insurance in Honolulu

The recommended way to find low-cost prices for Mazda 5 insurance is to make a habit of comparing prices annually from companies who sell insurance in Honolulu.

Step 1: Gain an understanding of the different coverages in a policy and the steps you can take to keep rates in check. Many risk factors that increase rates such as distracted driving and poor credit rating can be remedied by making small lifestyle or driving habit changes.

Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can quote rates from many different companies. Get quotes now

Step 3: Compare the new rate quotes to the price on your current policy and determine if there is any savings. If you find a better price and switch companies, make sure coverage does not lapse between policies.

Step 4: Give notification to your current company of your decision to cancel your current auto insurance policy and submit payment and a completed application to the new company. Immediately upon receiving it, safely store the certificate of insurance with your vehicle’s registration.

The key aspect of shopping around is to use the same amount of coverage on every price quote and and to get prices from as many carriers as you can. This enables a fair price comparison and a better comparison of the market.

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