A recent car insurance study discovered that almost 70% of drivers have bought car insurance from the same company for at least four years, and approximately 38% of consumers have never quoted rates to find cheap coverage. Many drivers in Minnesota could save themselves 50% a year just by getting comparison quotes, but they just don’t understand how much they could save if they changed companies.
If you want to save the most money, the best way to save on Mazda 3 insurance is to compare prices annually from different companies who provide auto insurance in Minneapolis. Price quotes can be compared by completing these steps.
- Step 1: Try to learn a little about how companies set rates and the things you can change to prevent expensive coverage. Many rating factors that drive up the price like speeding tickets, accidents and a low credit rating can be controlled by paying attention to minor details.
- Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from a single company like Progressive or Allstate, while independent agencies can quote rates from many different companies. Click to view companies
- Step 3: Compare the price quotes to the price on your current policy to see if cheaper 3 coverage is available. If you find a better price and buy the policy, make sure coverage does not lapse between policies.
- Step 4: Give notification to your agent or company to cancel your existing policy. Submit a down payment along with a completed application to the new insurer. As soon as you receive it, store the proof of insurance paperwork with your vehicle’s registration.
One bit of advice is to use the same liability limits and deductibles on each quote request and and to get quotes from as many companies as you can. This enables an apples-to-apples comparison and a complete price analysis.
Choosing the most cost-effective auto insurance policy in Minneapolis can be much easier if you know how to start. If you have a current auto insurance policy, you will most likely be able to cut your premiums using the concepts covered in this article. Drivers only have to learn the best way to shop for auto insurance online.
The fastest way that we advise to compare rate quotes for Mazda 3 insurance in Minneapolis takes advantage of the fact auto insurance companies participate in a system to compare rate quotes. To start a quote, the only thing you need to do is give the companies some data including your general credit rating, if you’re married, how much you drive, and if a SR-22 is required. That rating information gets sent immediately to multiple companies and they return quotes instantly.
To compare rates for your Mazda 3 now, click here and see if a lower rate is available in Minneapolis.
The companies shown below can provide free quotes in Minnesota. If you want to find cheap auto insurance in Minneapolis, MN, we suggest you visit two to three different companies in order to get a fair rate comparison.
Verify you’re getting every discount
Insurance is easily one of your largest bills, but you might already qualify for some discounts that could drop your premiums quite a bit. Certain reductions will be credited at the time of purchase, but some discounts are required to be specifically requested in order for you to get them. If you don’t get every credit possible, you could be getting lower rates.
- Include Life Insurance and Save – Not all companies offer life insurance, but some may give you lower insurance rates if you buy life insurance.
- Multiple Policy Discount – If you can bundle your homeowners and auto insurance with the same company you may earn up to 20% and get you cheaper 3 insurance.
- No Accidents – Insureds who avoid accidents and claims can save substantially as compared to insureds who have frequent claims or accidents.
- Telematics Devices – Policyholders that allow data collection to study driving manner by installing a telematics device like Allstate’s Drivewise could save a few bucks if they exhibit good driving behavior.
- Anti-theft System – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen and will save you 10% or more on 3 insurance in Minneapolis.
- Active Service Discounts – Having a deployed family member may qualify for rate reductions.
Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given to the entire policy premium. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like all those discounts means the company will pay you, you won’t be that lucky.
The illustration below illustrates the difference between Mazda 3 auto insurance rates with and without some available policy discounts. The premium estimates are based on a male driver, no claims or violations, Minnesota state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, safe-driver, multi-car, multi-policy, and homeowner discounts applied.
The best insurance companies and the discounts they provide can be read below.
- Esurance includes discounts for good student, paid-in-full, multi-car, renters, Pac-12 alumni, Switch & Save, and emergency road assistance.
- The Hartford discounts include air bag, anti-theft, good student, driver training, and vehicle fuel type.
- AAA may offer discounts for anti-theft, multi-car, multi-policy, good driver, and AAA membership discount.
- GEICO offers discounts including multi-policy, air bags, anti-lock brakes, military active duty, daytime running lights, and seat belt use.
- State Farm has discounts for defensive driving training, safe vehicle, Steer Clear safe driver discount, good student, and anti-theft.
When getting free Minneapolis auto insurance quotes, it’s a good idea to every insurance company how you can save money. Depending on the company, some discounts may not be available in every state. To locate insurance companies who offer online Mazda 3 insurance quotes in Minneapolis, click here to view.
Mazda 3 insurance coverage information
The premium table below highlights estimates of insurance premium costs for Mazda 3 models. Being more informed about how insurance prices are calculated is important for drivers to make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $172 | $260 | $416 | $24 | $124 | $996 | $83 |
| 3 I SV 4-Dr Sedan | $172 | $260 | $416 | $24 | $124 | $996 | $83 |
| 3 I Touring 4-Dr Sedan | $172 | $306 | $416 | $24 | $124 | $1,042 | $87 |
| 3 S Sport 4-Dr Hatchback | $194 | $306 | $416 | $24 | $124 | $1,064 | $89 |
| 3 S Sport 4-Dr Sedan | $194 | $306 | $416 | $24 | $124 | $1,064 | $89 |
| 3 S Grand Touring 4-Dr Hatchback | $194 | $306 | $416 | $24 | $124 | $1,064 | $89 |
| 3 S Grand Touring 4-Dr Sedan | $194 | $306 | $416 | $24 | $124 | $1,064 | $89 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Table data does not factor in specific zip code location which can decrease or increase price quotes significantly.
How high should deductibles be?
The hardest decision when buying coverage is at what level do you set your deductibles. The following insurance rates show the rate fluctuation when you choose different physical damage deductibles. The first rate table uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $272 | $492 | $318 | $18 | $94 | $1,219 | $102 |
| 3 I SV 4-Dr Sedan | $272 | $492 | $318 | $18 | $94 | $1,219 | $102 |
| 3 I Touring 4-Dr Sedan | $272 | $580 | $318 | $18 | $94 | $1,307 | $109 |
| 3 S Sport 4-Dr Hatchback | $308 | $580 | $318 | $18 | $94 | $1,343 | $112 |
| 3 S Sport 4-Dr Sedan | $308 | $580 | $318 | $18 | $94 | $1,343 | $112 |
| 3 S Grand Touring 4-Dr Hatchback | $308 | $580 | $318 | $18 | $94 | $1,343 | $112 |
| 3 S Grand Touring 4-Dr Sedan | $308 | $580 | $318 | $18 | $94 | $1,343 | $112 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $152 | $260 | $318 | $18 | $94 | $842 | $70 |
| 3 I SV 4-Dr Sedan | $152 | $260 | $318 | $18 | $94 | $842 | $70 |
| 3 I Touring 4-Dr Sedan | $152 | $306 | $318 | $18 | $94 | $888 | $74 |
| 3 S Sport 4-Dr Hatchback | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 3 S Sport 4-Dr Sedan | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 3 S Grand Touring 4-Dr Hatchback | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 3 S Grand Touring 4-Dr Sedan | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in your specific Minneapolis location which can impact coverage rates noticeably.
Based on these figures, using a $100 deductible will cost you roughly $35 more each month or $420 a year than selecting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 26 months between claims, you would probably save some money if you choose a higher deductible.
The illustration below illustrates how choosing a deductible and can affect Mazda 3 insurance costs for different insured age categories. The costs are based on a married male driver, full physical damage coverage, and no discounts are applied.
Mazda 3 insurance rates by age and gender
The illustration below shows the comparison of Mazda 3 annual premium costs for male and female drivers. The data assumes a clean driving record, no claims, full coverage, $100 deductibles, marital status is single, and no discounts are applied to the premium.
You may need help from an insurance agent
Some people still prefer to get professional advice from a licensed agent and that can be a smart move Professional insurance agents can help you choose the best coverages and give you someone to call. A nice benefit of comparing insurance prices online is the fact that drivers can get cheap insurance rates and still have a local agent.
To make it easy to find an agent, after completing this short form, your coverage information is submitted to participating agents in Minneapolis who will give you quotes to get your business. You won’t even need to leave your computer since price quotes are sent to you instantly. If for some reason you want to compare rates from a specific insurance provider, you would need to jump over to their website and give them your coverage information.
Choosing an provider should include more criteria than just the price. The following questions are important to ask.
- Does the company allow you to choose your own collision repair facility?
- Will your rates increase after a single accident?
- Will you get a loaner vehicle if you car is being repaired?
- Do they have designations such as AIC, CPCU, or CIC?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
Different types of auto insurance agents in Minneapolis
When looking for an insurance agent, there are two types of agencies and how they work. Agencies in Minneapolis can be described as either exclusive or independent agents depending on their company appointments. Either type can insure your vehicles properly, but it’s a good idea to understand how they are different since it could factor into buying decisions.
Exclusive Agencies
Exclusive insurance agents work for only one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to place coverage with different providers so they really need to provide good service. Exclusive agencies are well schooled on their products and sales techniques which helps them compete with independent agents. Drivers often use the same agent primarily because of the prominence of the brand rather than low price.
Shown below are exclusive agents in Minneapolis willing to provide rate quotes.
- State Farm Insurance: Karl Herman
3017 W 56th St – Minneapolis, MN 55410 – (612) 455-8844 – View Map - State Farm: Brandon Walter
222 S 9th St #270 – Minneapolis, MN 55402 – (612) 843-8444 – View Map - Farmers Insurance – Mark Hansen
6001 Portland Ave – Minneapolis, MN 55417 – (612) 869-7760 – View Map
Independent Insurance Agencies
Independent agencies do not work for one specific company and that allows them to write policies with an assortment of companies and get the cheapest rates. To move your coverage to a new company, they can switch companies in-house and you stay with the same agent.
If you are comparing rate quotes, we highly recommend that you get several quotes from multiple independent agents in order to have the best price comparison. Most also write with companies that do not advertise much that many times have cheaper rates.
Below are independent insurance agents in Minneapolis that are able to give rate quotes.
- RJF Agencies, Inc.
7225 Northland Dr N #300 – Minneapolis, MN 55428 – (763) 746-8000 – View Map - Abdullahi Ahmed Insurance Agency
1113 E Franklin Ave # 104 – Minneapolis, MN 55404 – (612) 432-9142 – View Map - Landreau Insurance Group Inc
2615 E Franklin Ave – Minneapolis, MN 55406 – (612) 276-7035 – View Map
If you receive good responses to any questions you have as well as a affordable price, you may have just found a car insurance agent that can properly service your insurance policy.
What Impacts Mazda 3 Insurance Costs?
Smart consumers have a good feel for a few of the rating criteria that aid in calculating your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this allows you to make good choices that can earn you lower premium levels. Many factors are used when you get your auto insurance bill. Some are obvious like a motor vehicle report, although some other factors are not quite as obvious like your vehicle usage or how financially stable you are.
- Occupation stress can make you pay more – Did you know your career choice can influence rates? Occupations such as lawyers, architects, and stock brokers are shown to have the highest rates in part from intense work situations and incredibly demanding work hours. On the flip side, jobs such as farmers, engineers and the unemployed receive lower rates.
- Rural areas have lower costs – Residing in areas with lower population is a positive aspect when it comes to car insurance. Fewer drivers and short commutes means reduced accidents and also fewer theft and vandalism claims. City drivers regularly have much more traffic and higher rates of accident claims. Longer commute distances means more chance of being in an accident.
- Alarms and GPS tracking lowers rates – Purchasing a vehicle with advanced anti-theft systems can save you some money. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent your car from being stolen.
- Being married brings a discount – Your spouse may cut your premiums on car insurance. It is viewed as being more mature and insurance companies reward insureds because drivers who are married are more cautious.
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Mazda 3 claim statistics – Insurance companies factor in historical loss data when they calculate premium rates for each model. Vehicles that the data determines to have a higher amount or frequency of claims will have a higher premium rate. The information below illustrates the collected loss data for Mazda 3 vehicles.
For each insurance policy coverage type, the loss probability for all vehicles as a whole equals 100. Values that are under 100 mean the vehicle has better than average losses, while values over 100 indicate frequent claims or an increased chance of a larger loss.
Mazda 3 Insurance Loss Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mazda 3 99 104 96 106 110 103 Mazda 3 Hatchback 91 80 96 81 73 86 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Here’s why insurance is not optional
Even though it’s not necessarily cheap to insure a Mazda in Minneapolis, buying insurance may be mandatory for several reasons.
- Just about all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability if you drive a vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your 3, more than likely the lender will make it mandatory that you buy insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Mazda at a much higher rate and require you to reimburse them a much higher amount than you were paying before.
- Insurance protects both your assets and your Mazda. It will also pay for most medical and hospital costs for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay to defend you if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, your insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance definitely exceed the price paid, especially when you need to use it. But the average driver in Minnesota is overpaying over $810 a year so you should quote your policy with other companies once a year at a minimum to make sure the price is not too high.
Lower rates by being persistent
People who switch companies do it for a variety of reasons including high prices, lack of trust in their agent, policy cancellation or unfair underwriting practices. Regardless of your reason, switching companies is easier than you think.
When you buy Minneapolis auto insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced full coverage only to discover later that it was a big error on their part. Your strategy should be to buy the best coverage you can find at a price you can afford, but do not skimp to save money.
More affordable insurance in Minneapolis can be bought on the web and from local agencies, and you should compare price quotes from both to have the best selection. Some insurance companies don’t offer the ability to get a quote online and many times these smaller companies only sell coverage through local independent agents.
Even more information is located at these sites:
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Who Has the Cheapest Minneapolis Auto Insurance Rates for a GMC Acadia? (FAQ)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Car Insurance FAQ (Trusted Choice)
- Auto Insurance for Teen Drivers (Insurance Information Institute)