Locating cheaper insurance for a new or used Mazda 5 in Ohio can turn out to be a painful process, but you can learn a few tricks to make it easier. There are both good and bad ways to compare insurance rates so you’re going to learn the absolute fastest way to quote coverages for a new or used Mazda and locate the best price possible either online or from Cleveland insurance agents.
It’s an obvious conclusion that insurance companies want to prevent you from shopping around. Insureds who shop around for better prices will presumably switch insurance companies because they stand a good chance of finding discount prices. A recent insurance study revealed that people who compared prices regularly saved on average $865 annually compared to drivers who don’t make a habit of comparing rates.
If finding low prices for Mazda 5 insurance is your objective, then learning about the best way to compare cheaper coverage can save money and time.
It’s important to price shop coverage as often as possible because rates trend upward over time. Just because you found the lowest premium rates on Mazda 5 insurance in Cleveland at your last renewal there may be better deals available now. Ignore everything you know about insurance because you’re about to learn the easiest way to find lower rates on insurance.
Buying the cheapest auto insurance in Cleveland is much easier if you have a good place to start. If you have a current auto insurance policy or want to find a cheaper company, use these money-saving tips to reduce the price you pay while maintaining coverages. You just have to learn the most time-saving way to compare price quotes from many companies at once.
Determine discounts to get cheap Cleveland auto insurance rates
Auto insurance is expensive, but you may find discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time you complete a quote, but some need to be specially asked for before being credited. If you aren’t receiving every discount you deserve, you are just wasting money.
- Drive Less and Save – Keeping the miles down on your Mazda could qualify for discounted premium rates on garaged vehicles.
- College Student Discount – Any of your kids living away from Cleveland attending college and leave their car at home may be insured at a cheaper rate.
- Switch and Save Discount – Select auto insurance companies give a discount for signing up before your current coverage expires. This can save 10% or more.
- Passive Restraints – Cars that have air bags or motorized seat belts can get savings of up to 25% or more.
- Auto/Life Discount – Not all insurance companies offer life insurance, but some may give you a discounted rate on car insurance if you buy auto and life insurance together.
- Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to wear their seat belts could cut 10% or more off the personal injury premium cost.
- Policy Bundle Discount – If you can bundle your homeowners and auto insurance with the same company you could get a discount of at least 10% off all policies.
- Accident Forgiveness – This one isn’t a discount, but a few companies such as Allstate, State Farm and GEICO will allow you to have one accident before hitting you with a surcharge if you have no claims prior to being involved in the accident.
- Cleveland Homeowners Pay Less – Owning a house in Cleveland can save you money since owning and maintaining a home is proof that your finances are in order.
- Responsible Driver Discount – Insureds who avoid accidents can save as much as half off their rates than drivers with accidents.
As is typical with insurance, most credits do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, you aren’t that lucky.
The chart below illustrates the comparison of Mazda 5 insurance prices with and without discounts applied to the rates. Data assumes a female driver, a clean driving record, no claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, marriage, homeowner, and multi-car discounts applied.
Some of the larger companies who might offer many of the previously listed discounts possibly include:
- GEICO
- Mercury Insurance
- Farmers Insurance
- Auto-Owners Insurance
- Liberty Mutual
- SAFECO
- Progressive
- USAA
If you need lower rates, check with every insurance company which credits you are entitled to. All car insurance discounts may not be offered in Cleveland. To view companies that offer multiple discounts in Ohio, click here to view.
The companies shown below have been selected to offer comparison quotes in Ohio. To find the best cheap car insurance in OH, we suggest you visit as many as you can to get the lowest price.
Rates and statistics
The coverage table displayed below highlights different policy rates for Mazda 5 models. Having a better understanding of how policy rates are calculated is important to be able to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $146 | $298 | $218 | $12 | $66 | $740 | $62 |
| 5 Touring Station Wagon | $168 | $364 | $218 | $12 | $66 | $828 | $69 |
| 5 Grand Touring Station Wagon | $168 | $364 | $218 | $12 | $66 | $828 | $69 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in specific garaging location which can influence price quotes considerably.
Deductible analysis
A question often asked by Cleveland drivers is which comprehensive and collision deductibles to buy. The comparison tables below may help to illustrate the premium difference between low and high deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $170 | $290 | $192 | $12 | $58 | $747 | $62 |
| 5 Touring Station Wagon | $196 | $352 | $192 | $12 | $58 | $835 | $70 |
| 5 Grand Touring Station Wagon | $196 | $352 | $192 | $12 | $58 | $835 | $70 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $94 | $152 | $192 | $12 | $58 | $508 | $42 |
| 5 Touring Station Wagon | $108 | $186 | $192 | $12 | $58 | $556 | $46 |
| 5 Grand Touring Station Wagon | $108 | $186 | $192 | $12 | $58 | $556 | $46 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price information does not factor in specific garaging location which can impact price quotes significantly.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $22 more each month or $264 annually averaged for all 5 models than opting for the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 41 months between claims, you would probably come out ahead if you choose the higher deductible. Here’s a better example of how we made this calculation.
| Average monthly premium for $100 deductibles: | $67 |
| Average monthly premium for $1,000 deductibles (subtract): | – $45 |
| Monthly savings from raising deductible: | $22 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $22 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 41 months |
The example below illustrates how choosing a deductible and can change Mazda 5 insurance premiums for different insured age categories. The price estimates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
What Determines Mazda 5 Insurance Costs?
Part of the auto insurance buying process is learning some of the elements that are used to determine your auto insurance rates. When you know what positively or negatively controls the rates you pay, this enables informed choices that may result in better auto insurance rates.
The list below includes some of the factors used by insurance companies to determine your prices.
With age comes responsibility – Older drivers have been proven to be more responsible, cost insurance companies less in claims, and are safer drivers. Beginning drivers have been known to be easily distracted when behind the wheel so auto insurance rates are higher.
The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Insurance costs and vehicle performance – The performance of the car you are buying insurance for makes a huge difference in how high your rates are. The lowest rates are usually for lower cost passenger cars, but that’s not the only thing that factors into the final price.
The following data assumes a married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. It shows Mazda 5 insurance premiums compared to other models that have different risk factors.
You may save more by bundling policies – Most larger auto insurance companies give a discount for people that purchase more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, you may still want to compare other company rates to help guarantee you have the best rates. You may still save more without the discount by insuring with multiple companies.
Physical damage deductibles – Deductibles for physical damage are the amount of money you are required to spend if the claim is covered. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims are rear-ending another vehicle, fire damage, and damage caused by road hazards. The more expense you’re willing to pay, the better rate you will receive.
Cheaper prices with safer cars – Vehicles that have high safety ratings tend to be cheaper to insure. Safe vehicles have better occupant injury protection and any reduction in injury severity means less claims paid and more competitive rates for policyholders.
Prevent policy lapses – Not maintaining insurance is against the law and as a result your rates will increase for letting your insurance expire. Not only will rates go up, being ticketed for driving with no insurance may result in fines and jail time. Then you may be required to file a SR-22 with the Ohio department of motor vehicles.
When should you file policy claims? – If you’re an insured who likes to file claims you should expect higher rates. Auto insurance companies in Ohio award the best rates to insureds who file claims infrequently. Your car insurance is designed for the large, substantial claims.
Loss statistics for a Mazda 5 – Insurers analyze historical claim data as a tool for profitable underwriting. Vehicles that are shown to have higher claim frequency or loss amount will have higher premium rates.
The information below illustrates the compiled insurance loss statistics for Mazda 5 vehicles. For each policy coverage type, the loss probability for all vehicles, as a total average, is considered to be 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 show a trend for more claims or larger claims.
| 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
Exclusive versus independent car insurance agents
Many people would prefer to talk to an insurance agent and that is OK! Experienced insurance agents are highly skilled in risk management and help file insurance claims. An additional benefit of comparing rates online is that you can obtain cheap auto insurance rates and still buy from a local agent.
Upon completion of this short form, your coverage information is submitted to local insurance agents in Cleveland that can give you free Cleveland auto insurance quotes for your coverage. It makes it easy because there is no need to contact any insurance agencies due to the fact that quote results will go to you directly. If for some reason you want to get a rate quote from a particular provider, you just need to search and find their rate quote page and complete a quote there.
Picking the best company shouldn’t rely on just a low price. These questions are important to ask:
- Will you work with the agent or an assistant?
- Do you qualify for any additional discounts?
- Do they offer claims assistance after hours?
- Do they prorate repair cost based on vehicle mileage?
- Will they take your side in the event of a claim?
- Do they have designations such as AIC, CPCU, or CIC?
- Will your rates increase after a single accident?
- Do they feel the quoted coverages are adequate?
If you are searching for a reputable agency, there are two different types of agents and how they differ in how they quote coverages. Auto insurance agents in Cleveland can either be exclusive or independent. Both can write auto insurance policies, but it’s worth mentioning the difference in the companies they write for because it can impact buying decisions.
Exclusive Insurance Agencies
These type of agents work for only one company and examples are State Farm or Allstate. These agents are not able to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents are usually quite knowledgeable on the products they sell which helps them sell on service rather than price. Some people will only buy from exclusive agents primarily because of the prominent brand name rather than having the cheapest rates.
The following are exclusive agents in Cleveland that are able to give comparison quotes.
- Allstate Insurance: Michael Wrobel
17016 Lorain Ave – Cleveland, OH 44111 – (216) 812-5413 – View Map - Wendy Narad Agency – Farmers Insurance
24800 Chagrin Blvd #100 – Cleveland, OH 44122 – (216) 292-3803 – View Map - Allstate Insurance: Eslick Insurance and Financial Services
2775 S Moreland Blvd Ste 203 – Cleveland, OH 44120 – (216) 283-5570 – View Map
Independent Auto Insurance Agents
Agents that choose to be independent can quote rates with many companies so as a result can place your coverage with an assortment of companies depending on which coverage is best. If you are not satisfied with one company, they simply switch companies in-house and the insured can keep the same agent.
If you need cheaper auto insurance rates, you will want to compare quotes from a few independent agents in order to have the best price comparison. A lot of them also have access to companies that do not advertise much which can save you money.
The following is a list of independent insurance agents in Cleveland that can give you price quotes.
- Tower Insurance
15887 Snow Rd – Brook Park, OH 44142 – (216) 267-4466 – View Map - Pilat Insurance Agency, Inc.
5925 Ridge Rd – Cleveland, OH 44129 – (440) 888-1150 – View Map - Anthony Insurance
508 E 185th St – Cleveland, OH 44119 – (216) 531-5555 – View Map
Once you have received acceptable answers to all your questions and locked in a price quote, you may have just found a car insurance agent that is professional and can properly insure your vehicles. Just understand that you can terminate your policy whenever you choose to so never feel that you are obligated to a specific company for a certain time period.
Auto insurance in Ohio serves several purposes
Even though it can be expensive, insuring your vehicle may not be optional for several reasons.
First, almost all states have minimum liability requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your Mazda 5, more than likely the lender will require that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank will be required to insure your Mazda for a lot more money and require you to pay for it.
Third, auto insurance preserves not only your vehicle but also your financial assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay attorney fees in the event you are sued. If you have damage to your Mazda as the result of the weather or an accident, comprehensive and collision coverage will pay to repair the damage.
The benefits of carrying enough insurance more than offset the price you pay, especially if you ever need it. According to a 2015 survey, the average American driver overpays more than $869 every year so you should quote and compare rates once a year at a minimum to save money.
Best auto insurance company in Ohio
Buying coverage from the highest-rated insurance company can be a challenge considering how many companies sell coverage in Cleveland. The ranking data in the lists below can help you analyze which car insurance providers to look at when comparing rate quotes.
Top 10 Cleveland Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Titan Insurance – A+
- Progressive – A+
- Erie Insurance – A+
- Mercury Insurance – A+
- The Hartford – A+
- Nationwide – A+
Cheap insurance is out there
We covered many ways to get a better price on Mazda 5 insurance in Cleveland. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Drivers may even discover the lowest priced insurance comes from an unexpected company.
When getting Cleveland auto insurance quotes online, don’t be tempted to buy less coverage just to save a little money. There have been many situations where consumers will sacrifice full coverage to discover at claim time that the small savings ended up costing them much more. Your goal should be to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.
Drivers who switch companies do it for a variety of reasons including questionable increases in premium, poor customer service, unfair underwriting practices or denial of a claim. It doesn’t matter what your reason, finding the right insurance provider can be easier than you think.
Steps to buying low-cost Mazda 5 insurance in Cleveland
The easiest way to find low-cost auto insurance rates is to make a habit of regularly comparing prices from companies who provide car insurance in Cleveland.
- Spend some time learning about the different coverages in a policy and the steps you can take to keep rates in check. Many policy risk factors that result in higher prices such as accidents, traffic tickets, and a less-than-favorable credit score can be amended by making minor driving habit or lifestyle changes.
- Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like Progressive or Allstate, while independent agencies can provide rate quotes from multiple companies. View insurance agents
- Compare the new rates to your existing policy to see if switching to a new carrier will save money. If you find better rates and make a switch, make sure coverage does not lapse between policies.
One piece of advice is to make sure you enter identical limits and deductibles on every quote request and and to compare as many carriers as you can. This guarantees a fair price comparison and a complete price analysis.
For more information, feel free to visit these articles:
- Rental Car Insurance Tips (Insurance Information Institute)
- Who Has the Cheapest Cleveland Car Insurance for College Students? (FAQ)
- Who Has Affordable Cleveland Auto Insurance for Uber Drivers? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Subaru Forester in Cleveland? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Honda Civic in Cleveland? (FAQ)
- A Tree Fell on Your Car: Now What? (Allstate)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Vehicle Insurance in the U.S. (Wikipedia)