The Mazda CX-5 is one of the most popular crossover SUVs, thanks to its impressive standard safety, performance, convenience, and infotainment features. While the journey of buying a car can certainly be fun, finding the right insurance plan that comes after isn’t always as exciting. If you’re planning on purchasing or leasing a Mazda CX-5, you need to understand the insurance plans available to you and which ones offer the most value.
Read on to learn more about the Mazda CX-5, the average Mazda CX-5 insurance cost, what can affect your insurance rates, and how you can save on your monthly premiums.
What Is the Mazda CX-5?
The Mazda CX-5 is a compact crossover SUV with standard all-wheel drive and a 2.5-liter four-cylinder engine with 187 horsepower and up to 186 pound-feet of torque. The Mazda CX-5 is a compact crossover SUV that is available in eight different trim levels:
- 2.5 S
- 2.5 S Select
- 2.5 S Preferred
- 2.5 S Carbon Edition
- 2.5 S Premium
- 2.5 S Premium Plus
- 2.5 Turbo
- 2.5 Turbo Signature
The CX-5’s exterior features include automatic LED headlights, daytime running lights, and 17-inch aluminum-alloy wheels with all-season tires. The CX-5 also features a push-button start and keyless entry. This SUV’s interior features include a leather-wrapped steering wheel with a gear selector, cloth-trimmed seats, carpet floor mats, a 10.25-inch full-color display, and a four-speaker audio system. With so much to offer, it’s no secret why the Mazda CX-5 continues to attract customers year after year.
How Much Does Mazda CX-5 Insurance Cost?
According to Car and Driver, the average amount that a Mazda CX-5 driver pays in insurance is $452 per year, should they only choose liability car insurance. Car and Driver’s estimate for full coverage is $1,366 per year, while a high-risk coverage plan can cost $2,940. Knowing this information can provide helpful context, but note that your insurance premiums can change substantially based on several factors, including:
Your Insurance Company
Of course, your chosen insurance company will set your car insurance premiums, and those rates differ from company to company. Each insurance company bases its rates on how much coverage it provides and its benefits. According to The Zebra, these are the average annual rates for insuring a Mazda CX-5 from popular car insurance companies:
- Allied: $756
- Nationwide: $930
- GEICO: $1,157
- Progressive: $1,360
- USAA: $1,396
- State Farm: $1,424
- Mercury: $1,484
Your age can be a primary determinant of how much an insurance company charges you for monthly premiums. In general, most insurance companies charge more to younger drivers, as they typically have less experience on the road and a higher chance of getting into accidents. Similarly, senior drivers can also experience higher rates, as their typical loss of vision and slower reaction times can also cause accidents.
Your Driving History
Your specific driving record can also be a decider in your insurance rates. Companies look at your driving history to determine how much a risk you are to them, and individuals with safe driving records are often eligible for special discounts. Insurance companies prefer to insure individuals with a proven history of safe driving, as they pay less to cover damages for people who rarely or never get into collisions.
Where you live can also impact your insurance rates, especially if you’re driving in a big city. When more people live in an area, its streets tend to be busier, substantially increasing the risk of people getting into accidents or experiencing theft or vandalism. If you live in a more rural environment, you may enjoy lower insurance rates due to less traffic and overall risk on the road.
Tips for Saving on Mazda CX-5 Insurance
Here are some ways you can reduce your monthly insurance premium as a Mazda CX-5 driver:
- Get quotes from different companies. The best tip you can get when trying to save money on your car insurance payments is to get free quotes from multiple insurance companies to find the best deal. You can even bring your quoted rate from one company to another to show an agent you’re interested in exploring other options, which may increase your chances of getting a discounted rate.
- Request higher deductibles. Another method for reducing your monthly auto insurance premiums is to request higher deductibles. You only need to pay deductibles on specific types of coverage after filing a successful claim. If you agree to raise your deductible in exchange for lower monthly premiums while avoiding damages, you could save hundreds of dollars on your collision and comprehensive insurance.
- Pay your premium in full. You can also save a lot on your Mazda CX-5 insurance by offering to pay off your annual or biannual premium at one time instead of doing that over several months. If you pay your premium in full, you can save anywhere from 10% to 20% on your car insurance annually because insurance companies offer discounts. Also, insurance companies incentivize customers to pay in full to ensure that the companies will always have a steady stream of funds.
- Search for other discounts. Almost all insurance companies offer special discounts for different reasons, including your age, driving experience, career, and club memberships. For example, you might save by being a safe driver, having good grades as a student, being an active military member, or being a veteran. Also, you can save by buying a car with certain safety features or installing special anti-theft and additional safety equipment to reduce the risk of damage to your vehicle.
Hopefully, this information can help you narrow down your options when finding the best coverage possible for your Mazda CX-5 while meeting your financial and personal needs as a driver. Again, reach out to different insurance companies to request free quotes and ask about any discounts they offer. By inquiring about multiple ways to save and keeping an organized list of how each company’s coverage compares, you can make the most informed decision.
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.