Mazda 3 Insurance Rates in Charlotte

Discount Mazda 3 insuranceThe most effective way to get discount Mazda 3 insurance is to compare prices once a year from different companies in Charlotte. You can compare rates by following these guidelines.

The most important part of this process is that you’ll want to compare the same liability limits and deductibles on each quote and and to get rates from as many auto insurance providers as possible. Doing this provides a level playing field and the best rate selection.

It’s hard to believe, but nearly 70% of North Carolina drivers have purchased from the same company for a minimum of four years, and approximately 38% of consumers have never shopped around. With the average premium in the U.S. being $1,847, drivers can save almost 46.5% each year, but they mistakenly think it’s difficult to find cheaper insurance by shopping around.

Reducing your insurance rates doesn’t have to be difficult. The only thing you need to do is invest a few minutes getting comparison quotes to see which company has the cheapest Mazda 3 rate quotes.

It’s so simple to compare insurance quotes online takes the place of having to drive around to local Charlotte insurance agencies. Comparing online rate quotes eliminates the middleman unless you have a complicated situation and need the guidance of a local agency. However, consumers can compare online quotes and still use a local agent.

The companies in the list below can provide price comparisons in North Carolina. To locate cheap auto insurance in NC, we suggest you visit several of them to get the lowest price.

Insurance statistics for a Mazda 3

The price information displayed below outlines estimates of prices for Mazda 3 models. Having a good understanding how rate quotes are determined helps drivers make smart choices when purchasing an insurance policy.

Mazda 3 Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
3 I Sport 4-Dr Sedan $150 $276 $240 $14 $72 $752 $63
3 I SV 4-Dr Sedan $150 $276 $240 $14 $72 $752 $63
3 I Touring 4-Dr Sedan $150 $324 $240 $14 $72 $800 $67
3 S Sport 4-Dr Hatchback $170 $324 $240 $14 $72 $820 $68
3 S Sport 4-Dr Sedan $170 $324 $240 $14 $72 $820 $68
3 S Grand Touring 4-Dr Hatchback $170 $324 $240 $14 $72 $820 $68
3 S Grand Touring 4-Dr Sedan $170 $324 $240 $14 $72 $820 $68
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can revise rates considerably.

How high should deductibles be?

The hardest decision when buying coverage is how high should the physical damage deductibles be. The rates below outline the differences in premium rates between low and high deductibles. The first table uses a $100 deductible and the second pricing table uses a $500 deductible.

Mazda 3 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
3 I Sport 4-Dr Sedan $214 $386 $250 $14 $74 $963 $80
3 I SV 4-Dr Sedan $214 $386 $250 $14 $74 $963 $80
3 I Touring 4-Dr Sedan $214 $456 $250 $14 $74 $1,033 $86
3 S Sport 4-Dr Hatchback $242 $456 $250 $14 $74 $1,061 $88
3 S Sport 4-Dr Sedan $242 $456 $250 $14 $74 $1,061 $88
3 S Grand Touring 4-Dr Hatchback $242 $456 $250 $14 $74 $1,061 $88
3 S Grand Touring 4-Dr Sedan $242 $456 $250 $14 $74 $1,061 $88
Get Your Own Custom Quote Go

Mazda 3 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
3 I Sport 4-Dr Sedan $156 $262 $250 $14 $74 $756 $63
3 I SV 4-Dr Sedan $156 $262 $250 $14 $74 $756 $63
3 I Touring 4-Dr Sedan $156 $308 $250 $14 $74 $802 $67
3 S Sport 4-Dr Hatchback $176 $308 $250 $14 $74 $822 $69
3 S Sport 4-Dr Sedan $176 $308 $250 $14 $74 $822 $69
3 S Grand Touring 4-Dr Hatchback $176 $308 $250 $14 $74 $822 $69
3 S Grand Touring 4-Dr Sedan $176 $308 $250 $14 $74 $822 $69
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Price information does not factor in specific Charlotte garaging location which can alter auto insurance rates substantially.

Based on the above data, using a $100 deductible will cost you roughly $18 more each month or $216 annually than selecting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 22 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

Insurance rates are higher with tickets and accidents

The chart below illustrates how violations and at-fault accidents can influence Mazda 3 insurance prices for different ages of insureds. The data assumes a single male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.

Mazda 3 insurance rates: Men versus women

The chart below shows the difference between Mazda 3 annual premium costs for male and female drivers. The premiums assume no violations or accidents, full physical damage coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Mazda 3 full coverage rates compared to liability only

The illustration below illustrates the difference between Mazda 3 insurance prices with full coverage and liability only. The data assumes no claims or violations, $1,000 deductibles, single marital status, and no policy discounts are applied.

Are you wasting money paying for full coverage?

There is no definitive formula of when to stop paying for full coverage, but there is a general school of thought. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let’s assume your Mazda 3 replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after paying your policy deductible. If you are paying in excess of $600 a year for physical damage coverage, then you might consider buying liability only.

There are a few cases where removing full coverage is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.

Best reasons to buy auto insurance in North Carolina

Despite the high insurance cost for a Mazda 3 in Charlotte, paying for auto insurance serves a purpose in several ways.

The benefits of buying enough insurance are without a doubt worth the cost, especially when you need to use it. As of last year, the average driver in North Carolina overpays more than $825 a year so smart consumers compare quotes at every renewal to save money.

The Mazda 3 Insurance Price Equation

Lots of factors are considered when quoting car insurance. Most are fairly basic like your driving record, but other criteria are more obscure like your continuous coverage or how safe your car is. It’s important that you understand a few of the rating criteria that come into play when calculating auto insurance rates. If you understand what influences your rates, this helps enable you to make changes that will entitle you to lower auto insurance prices.

The itemized list below are just a few of the factors companies use to determine premiums.

Save with these discounts

Some insurers don’t always publicize their entire list of discounts very well, so the list below contains a few of the more common and the harder-to-find credits available to you.Discount insurance

Don’t be surprised that some of the credits will not apply to your bottom line cost. Most only cut the cost of specific coverages such as medical payments or collision. So when it seems like you could get a free insurance policy, you won’t be that lucky.

The chart below illustrates the difference between Mazda 3 premium costs with and without discounts. The premiums assume a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $100 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, multi-car, homeowner, and marriage discounts applied.

A list of insurance companies and their offered discounts include:

Check with each insurance company which credits you are entitled to. Savings may not be available in Charlotte. To see a list of insurance companies that provide some of the discounts listed above in Charlotte, follow this link.

It’s not one size fits all

When quoting and comparing insurance from an agent or online for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that.Drive safe and save
For example, these questions may help highlight if your insurance needs might need an agent’s assistance.

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Getting quotes from local Charlotte car insurance agents

A small number of people still like to sit down with an agent and that can be a great decision Good insurance agents will help you protect your assets and help in the event of a claim. The best thing about comparing rate quotes online is that drivers can save money and get cheap rate quotes but still work with a licensed agent.

Insurance agency in CharlotteTo make it easy to find an agent, after completing this simple form, your information is emailed to insurance agents in Charlotte that can provide free Charlotte car insurance quotes for your business. It simplifies rate comparisons since you won’t have to contact any insurance agencies since rate quotes are delivered to you instantly. If you need to get a comparison quote from a specific company, you can always go to their quote page and fill out their quote form.

Finding the right company should depend on more than just a cheap price. Any good agent in Charlotte should know the answers to these questions.

If you need to find a reliable agent, there are two different types of agencies and how they operate. Car insurance agencies are either independent agents or exclusive agents. Either can sell affordable car insurance policies, but it’s a good idea to understand the subtle differences because it may have an impact on your selection of an agent.

Exclusive Insurance Agencies

Exclusive agencies can usually just insure with one company and some examples include Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot compare rates from other companies so they have to upsell other benefits. Exclusive agencies are usually well trained on their company’s products which helps them sell insurance even at higher premiums.

The following are exclusive agencies in Charlotte that are able to give comparison quotes.

5342 Docia Crossing Rd aCharlotte, NC 28269(704) 947-7233View Map

6215 Brookshire BlvdCharlotte, NC 28216(704) 392-4166View Map

6600 A A A DrCharlotte, NC 28212(704) 569-3600View Map

View more Charlotte agents

Independent Agencies or Brokers

Independent insurance agents can sell policies from many different companies and that enables them to quote your coverage with a variety of different insurance companies and potentially find a lower price. If you are not satisfied with one company, your agent can switch companies and you stay with the same agent.

When comparing rates, you will definitely want to contact a couple of independent agencies for maximum quote selection.

Shown below is a list of independent insurance agents in Charlotte that are able to give price quotes.

9010 Glenwater Dr #103Charlotte, NC 28262(704) 494-9495View Map

3220 Wilkinson Boulevard Ste A3Charlotte, NC 28208(704) 394-7327View Map

9620 Monroe RdCharlotte, NC 28270(704) 644-3058View Map

View more Charlotte agents

You can lower your insurance rates

Cheaper Mazda 3 insurance in Charlotte is definitely available from both online companies in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies may not provide online quoting and usually these smaller companies prefer to sell through independent insurance agents.

Throughout this article, we presented a lot of tips how to lower your Mazda 3 insurance premium rates in Charlotte. The most important thing to understand is the more you quote Charlotte car insurance, the better likelihood of getting low cost Charlotte car insurance quotes. You may even find the best premium rates are with some of the smallest insurance companies. These smaller insurers may have significantly lower prices on certain market segments than the large multi-state companies such as Progressive and GEICO.

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