If you drive a Mazda 3, you may be paying too much for car insurance. The Mazda 3 is one of the company’s most popular models, and it comes with a variety of safety and tech features that make it an excellent choice for drivers of all ages. Because of its popularity, you can quickly locate information online regarding what factors contribute to the price of insuring this car.
To learn more about competitive insurance payment plans, you may want to explore some tips for reducing your monthly costs. Here we’ll discuss a few factors that can affect your monthly payments, what you can expect to pay in insurance costs, and some tips you can use to pay less each month.
How Much Does It Cost To Insure a Mazda 3?
There are several factors that may affect your Mazda 3 insurance cost. While it can be hard to give a definitive answer for every situation, examining the average payments of people who own this car can give you a good idea of what you can expect your financial obligation to be. On average, the cost of insuring a Mazda 3 made between 2010 and 2020 is $1,100-$1,400. Newer vehicles are typically more expensive to insure, but factors such as the vehicle trim level and the insurance company you use can also affect the price.
What Insurance Companies Offer the Best Rates?
Selecting an insurance company is one of the most important steps when finding a cost-effective plan. If you’re planning to purchase a Mazda 3 or reduce your car’s insurance cost, you may want to compare prices from several companies. Every insurance plan is different, but examining these averages can give you a good idea of what to expect. Here is a breakdown of the average annual cost to insure a 2022 Mazda 3 from different insurance companies:
- Safeco: $589
- Buckeye Insurance Group: $762
- Victoria: $927
- Pekin Insurance: $1,022
- Texas Farm Bureau Group: $1,103
- American National P: $1,179
- Capital Insurance Group: $1,207
- Partners Mutual Insurance Co: $1,232
- Western Reserve: $1,254
- Rockford Mutual Insurance: $1,261
While these averages can be useful, it’s important to remember that every plan is different. If you want to learn more about what you can expect to pay, it’s recommended that you contact each company for a direct quote.
What Can You Expect To Pay for Each Trim Level?
In addition to the company you work with, the trim level and customization options of your Mazda 3 can also affect how much you can expect to spend on annual payments. Check out this chart for the models with the lowest average yearly costs. If you’re looking for the lowest payment possible, you may want to select the 2.0 Sedan with an average of $1,390. On the other side of the spectrum, the 2.5 Turbo Premium Plus Hatchback has the highest average annual payment of $1,596.
What Factors Can Affect Your Mazda 3 Insurance Cost
Besides the insurance company and trim level of your car, many other factors can contribute to the cost of your plan. If you want to reduce your payment as much as possible, it may be helpful to review the following factors and develop a strategy.
Your age can be a significant factor in determining the cost of your insurance. Younger drivers tend to experience more accidents, so insurance companies often charge them higher rates. If you began your insurance plan at a young age, you might want to shop around to find new quotes from companies now that you have gained more experience on the road.
The Age of Your Vehicle
Older vehicles tend to cost less to insure because they are cheaper to repair. If you drive an older Mazda 3, you may be able to reduce the cost of your annual payments. If you’re in the market for a new vehicle, it’s important to consider how the age of your car can affect your insurance costs.
Where You Live
Insurance companies often charge different rates for people depending on where they live. Some areas may be more prone to accidents, so insurance companies tend to charge drivers in these areas more. If you want to reduce the amount you pay for insurance each year, it can be a good idea to explore a few areas of the country that offer lower insurance rates.
Your Driving Record
Maintaining a safe driving record is another effective way of reducing your insurance payments. If you have been driving for many years and have not experienced an accident, you may be able to lower your premiums. By driving safely and staying out of accidents, you effectively prove to the insurance company that you are not a high risk. Driving safely is one of the best ways to save yourself money while also staying out of harm’s way.
Your Credit Score
Your credit score is another important factor that can affect how you pay for your car insurance. Maintaining a high credit score can be an excellent strategy to keep your expenses low. To keep this score high, it’s a good idea to avoid borrowing money and make all your required payments on time.
We hope this brief analysis of the Mazda 3 insurance cost helps you decide which insurance plan to choose.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.