Finding cheap premium rates for Mazda 5 insurance in Omaha can be quite difficult for people who have little experience online comparison shopping. Consumers have so many different companies and agents to choose from that it can quickly become a burden to find cheaper premium rates on Mazda 5 insurance.
It goes without saying that insurance companies don’t want you to compare rates. Drivers who compare price quotes will probably switch companies because there is a good chance of finding coverage at a more affordable price. A recent insurance study discovered that people who compared price quotes annually saved about $72 a month compared to other drivers who never shopped around for better prices.
If finding the lowest price for auto insurance in Omaha is your goal, then having some knowledge of how to get rate quotes and compare cheaper coverage can help make the process easier and more efficient.
Locating the best rates in Omaha seems hard but is not really that difficult. Virtually everyone who comparison shops for insurance will more than likely find a better price. But Nebraska consumers do need to understand how insurance companies determine how much to charge because rates fluctuate considerably.
Low Cost Mazda insurance rate quotes in Omaha
The providers in the list below provide price comparisons in Nebraska. If multiple companies are listed, we suggest you visit several of them to get a more complete price comparison.
Mazda 5 insurance analysis
The information below showcases different coverage prices for Mazda 5 models. Understanding more about how insurance quotes are calculated is important for you to make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $158 | $292 | $332 | $20 | $100 | $902 | $75 |
| 5 Touring Station Wagon | $180 | $356 | $332 | $20 | $100 | $988 | $82 |
| 5 Grand Touring Station Wagon | $180 | $356 | $332 | $20 | $100 | $988 | $82 |
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in vehicle location which can revise price quotes noticeably.
Should you raise deductibles?
When shopping for car insurance, a common question is how high should the physical damage deductibles be. The following insurance rates can help you visualize the premium difference between high and low physical damage coverage deductibles. The first pricing table uses a $250 physical damage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $202 | $320 | $254 | $16 | $76 | $893 | $74 |
| 5 Touring Station Wagon | $232 | $390 | $254 | $16 | $76 | $993 | $83 |
| 5 Grand Touring Station Wagon | $232 | $390 | $254 | $16 | $76 | $993 | $83 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $124 | $202 | $254 | $16 | $76 | $672 | $56 |
| 5 Touring Station Wagon | $144 | $246 | $254 | $16 | $76 | $736 | $61 |
| 5 Grand Touring Station Wagon | $144 | $246 | $254 | $16 | $76 | $736 | $61 |
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in specific Omaha garaging location which can impact insurance rates greatly.
Based on these figures, using a $250 deductible could cost the average driver approximately $21 more each month or $252 a year than quoting the higher $1,000 deductible. Since you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 36 months between claims, you would probably come out ahead by selecting a higher deductible. The illustration below shows the way this calculation is made.
| Average monthly premium for $250 deductibles: | $80 |
| Average monthly premium for $1,000 deductibles (subtract): | – $59 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 36 months |
One thing to note is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself when you have to file a claim. That will force you to have some extra savings in the event you have to pay more to get your vehicle repaired.
How violations and accidents impact rates
The example below illustrates how traffic citations and at-fault fender-benders impact Mazda 5 yearly insurance costs for different age groups. The premiums assume a single female driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.
Cost of full coverage
The example below shows the comparison of Mazda 5 insurance premiums with and without physical damage coverage. The premium estimates are based on no violations or claims, $250 deductibles, drivers are single, and no discounts are applied to the premium.
When to stop paying for full coverage
There is no set guideline of when to stop paying for comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s assume your Mazda 5 claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after the policy deductible has been paid. If it’s costing in excess of $700 a year to have full coverage, then you may want to consider only buying liability coverage.
There are a few cases where only buying liability is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Discounts mean cheaper rates for Mazda 5 insurance in Omaha
Companies offering auto insurance don’t list all possible discounts very well, so the below list has both well-publicized and also the more inconspicuous discounts that you may qualify for.
- Air Bag Discount – Cars that have air bags can qualify for discounts of more than 20%.
- Sign Early and Save – A few companies give discounts for switching policies before your current expiration date. You can save around 10% with this discount.
- Organization Discounts – Joining specific professional or occupational memberships or organizations could trigger savings on your policy.
- Defensive Driving Course – Taking time to complete a defensive driver class may get you a small discount if you qualify.
- Bundled Policy Discount – When you have multiple policies and place coverage with the same company you could earn a discount of as much as 10 to 15 percent.
- Pay Now and Pay Less – If you can afford to pay the entire bill rather than spreading payments over time you could save up to 5%.
- Resident Student – Children who live away from home at college and don’t have a car could get you a discount.
- Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
As is typical with insurance, some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like medical payments or collision. Even though it appears all those discounts means the company will pay you, nobody gets a free ride.
The illustration below shows the comparison of Mazda 5 insurance premiums with and without policy discounts. The data assumes a female driver, no violations or accidents, Nebraska state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, homeowner, safe-driver, and marriage discounts applied.
A list of companies and their offered discounts can be found below.
- Progressive offers discounts for online quote discount, online signing, multi-policy, good student, continuous coverage, homeowner, and multi-vehicle.
- Farmers Insurance may offer discounts for switch companies, bundle discounts, business and professional, teen driver, and pay in full.
- Farm Bureau has discounts for good student, 55 and retired, driver training, safe driver, renewal discount, youthful driver, and multi-policy.
- State Farm policyholders can earn discounts including good driver, Steer Clear safe driver discount, student away at school, multiple policy, and safe vehicle.
- GEICO may include discounts for defensive driver, anti-theft, federal employee, good student, multi-policy, military active duty, and anti-lock brakes.
- SAFECO discounts include safe driver, accident prevention training, anti-lock brakes, anti-theft, and homeowner.
- Liberty Mutual offers discounts including multi-policy, newly married, good student, safety features, new graduate, and newly retired.
It’s a good idea to ask each insurance company which discounts you qualify for. Savings might not be offered in Omaha. To see a list of companies with the best Mazda 5 insurance discounts in Nebraska, click here to view.
Get rate quotes but work with a neighborhood Omaha auto insurance agent
A lot of people still prefer to have an agent’s advice and there is nothing wrong with that. The best thing about comparing rate quotes online is that drivers can save money and get the lowest rates and still buy from a local agent.
To find an agent, once you fill out this simple form, your information is sent to companies in Omaha who want to provide quotes for your business. It makes it easy because there is no need to contact an agency due to the fact that quote results will go immediately to your email address. You can most likely find cheaper rates and work with a local agent. If you need to compare prices for a specific company, don’t hesitate to go to their quote page and submit a quote form there.
Picking the best insurance company is decision based upon more than just the premium amount. A good agent in Omaha will have answers to these questions.
- Does the agency have a positive business rating?
- Are claims handled at the agent’s location?
- How many years of experience in personal auto insurance do they have?
- What insurance company do they write the most business with?
- Do you work with a CSR or direct with the agent?
- Can you use your own choice of collision repair facility?
- Can they give you a list of client referrals?
If you prefer to buy auto insurance from a local Omaha insurance agent, it helps to know the two types of insurance agents that differ in how they can insure your vehicles. Auto insurance agents in Omaha are categorized either exclusive or independent.
Exclusive Agents
These agents can usually just insure with one company and some examples include American Family, State Farm, and Allstate. They usually cannot shop your coverage around so they really need to provide good service. They are well schooled on sales techniques which helps them sell on service rather than price. Some people will only buy insurance from these agents partially due to the brand legacy rather than low rates.
Below are exclusive insurance agencies in Omaha that can give you rate quotes.
- American Family Insurance – S De Los Reyes Agency Inc.
5052 S 108th St – Omaha, NE 68137 – (402) 339-9052 – View Map - State Farm: Kyle Emsick
1018 Dodge St #2 – Omaha, NE 68102 – (402) 558-5060 – View Map - Tommy Hughes Jr – State Farm Insurance Agent
1321 Jones St #104 – Omaha, NE 68102 – (402) 346-1011 – View Map
Independent Insurance Agents
Agents of this type are not restricted to one company and that enables them to quote your coverage with any number of different companies and help determine which has the cheapest rates. If your agent finds better pricing, the business is moved internally and you don’t have to find a new agent. If you are trying to find cheaper rates, you need to compare prices from a couple of independent agencies to get the most accurate price comparison. Many write coverage with smaller mutual companies that many times have cheaper rates.
Shown below is a short list of independent agencies in Omaha who can help you get comparison quotes.
- Jensen Insurance
16909 Burke St #125 – Omaha, NE 68118 – (402) 391-5100 – View Map - New Frontier Insurance
3637 S 24th St – Omaha, NE 68108 – (402) 731-2505 – View Map - Action Insurance
12100 W Center Rd #208 – Omaha, NE 68144 – (402) 697-8181 – View Map
Don’t give up on cheap rates
Consumers switch companies for many reasons like lack of trust in their agent, delays in paying claims, being labeled a high risk driver or not issuing a premium refund. It doesn’t matter what your reason, finding the right insurance provider can be easy and end up saving you some money.
Affordable Mazda 5 insurance in Omaha is definitely available on the web as well as from insurance agents, so get free Omaha car insurance quotes from both of them to have the best rate selection. Some companies may not have the ability to get a quote online and these small, regional companies provide coverage only through independent agents.
As you restructure your insurance plan, don’t be tempted to buy less coverage just to save a little money. There have been many situations where an insured dropped full coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase a proper amount of coverage at an affordable rate while still protecting your assets.
How to save on Mazda 5 insurance in Omaha
If saving the most money is your goal, then the best way to find cheaper prices for auto insurance rates is to do an annual price comparison from insurers who provide car insurance in Omaha.
- Take a few minutes and learn about how auto insurance works and the things you can control to lower rates. Many things that drive up the price like your driving record and a substandard credit history can be improved by making lifestyle changes or driving safer.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can quote prices for many different companies.
- Compare the price quotes to your current policy premium and determine if there is any savings. If you find a lower rate, ensure coverage does not lapse between policies.
A valuable tip to remember is to try to use similar coverage information on each quote and to quote with as many auto insurance providers as possible. This enables the most accurate price comparison and a complete selection of prices.
More information
- Anti-Lock Brake FAQ (iihs.org)
- How Much are Omaha Auto Insurance Rates for Drivers Over Age 70? (FAQ)
- How Much are Car Insurance Quotes for 4×4 Vehicles in Omaha? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- How to Avoid Common Accidents (State Farm)