How Much Does Mazda3 Insurance Cost?
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The Mazda 3 has enjoyed solid success since it was first released. This vehicle is popular, effective, and surprisingly affordable, considering its features and performance. But, like any new vehicle, you need to know the Mazda 3 insurance cost before you can decide if this is the right vehicle for you.
After all, the cost of car insurance plus your payments on any car loan are usually a big part of the budget. Knowing you have the money you need to make both payments will give you a lot more peace of mind when you’re getting into your new Mazda 3.
Here’s what you need to know about Mazda 3 insurance costs, what factors affect your premiums, and how you can lower the cost of Mazda 3 insurance.
What Does Mazda 3 Insurance Cost?
Mazda 3 insurance is actually surprisingly affordable, according to The Zebra. Average monthly payments in the United States are only $138 per month. That’s only about $9 above the average monthly payment for all car insurance, which is fantastic on a new vehicle.
Why does the Mazda 3 have a slightly higher car insurance payment than average?
Sometimes cars have higher insurance rates because the value of the car is higher because it’s considered a riskier vehicle or just because insurance companies aren’t sure how to price the insurance on that vehicle.
But that’s not the case with the Mazda 3.
Instead, the slightly higher than average price is probably just because new cars always cost more than older cars. Since the average car payment takes into account what people are paying to insure their older cars, as well as insurance payments on new vehicles, new vehicle payments are almost always going to be a little higher.
The fact that the Mazda 3’s average insurance costs are so close to the natural average actually goes to show how affordable this car really is to insure.
Of course, that’s great news for your wallet. But it also means that the Mazda 3 does well with insurance companies, has good safety ratings, and has the kind of safety features and driver’s assistance that make a vehicle less expensive to own and drive.
All of this is great news if you’re thinking about getting a new Mazda 3!
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Other Factors Behind Mazda 3 Insurance Costs
Of course, the vehicle you’re driving isn’t the only factor that determines your insurance costs. What state you live in, how often you drive, whether you live in an area that’s prone to accidents, and other factors all have a role to play.
You’ll also need to consider how much insurance, and what type, you want to carry. The more comprehensive your coverage and the higher your coverage limits, the more expensive your insurance is likely to be.
Here are some of the other major insurance factors you should consider when you’re budgeting for your new Mazda 3:
Your Age:
As the primary driver of a Mazda 3, your age can have a big impact on the cost of your insurance. If you’re 25 years old or younger, particularly if you’re male, your insurance will probably be more expensive than average.
That’s because insurance companies charge based on estimated risk, and young people, men, in particular, have been shown to be slightly more reckless behind the wheel.
Your Driving Record:
Your driving record is one of the biggest factors determining your car insurance prices. If you have a good record, you’ll probably get slightly lower prices, and you might be eligible for discounts after a certain number of years accident-free.
On the other hand, if you’ve been involved in an accident in the last 5 years, your insurance premiums will probably be slightly higher.
DUI And Car Insurance
If you’ve ever been convicted of a DUI, that will likely change what kind of insurance you need to have and increase the kind of coverage you’re required to choose. If you have DUI, especially a recent DUI, you should expect to pay a lot more for car insurance because of it.
Thankfully you can lower the price slightly by taking driving courses, at least with some insurance companies, but you’ll still probably pay more on average than other drivers.
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Do Safety Features Impact Insurance Prices?
There’s even more good news when it comes to Mazda 3 insurance prices. Safety features can help lower the cost of your insurance, which is important since a lot of Mazda 3s come with a suite of safety features that are important for your insurance.
Things like airbags, seatbelts, and other standard features do, in fact, lower your insurance premium. However, it’s really when you’re looking at the more advanced features that you start to benefit from your car’s safety features.
For instance, small features like a rearview camera and rain-detecting windshield wipers can help lower your insurance costs because they help keep you marginally safer on the roads.
Other features, like adaptive cruise control, will make a bigger difference.
Make sure your insurance company knows what trim level you get when you buy your Mazda 3 since that will tell them what additional safety features already came installed on your vehicle. You should also let them know if there are any additional features you have added since that may impact your rate.
Now, on the other hand, there are some features that can increase the insurance premium for your Mazda 3. These aren’t safety features but additions like a Turbo that can make your insurance costs go up.
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Does The Age Of Your Mazda Matter For Insurance Prices?
Yes, as your Mazda ages, your insurance premiums should go down, and your annual rate will be lower if you buy an older vehicle.
If a brand new Mazda’s insurance premium is a little too expensive for you, you might want to get a used model that’s a couple of years old instead of the latest model. That will help keep your prices more reasonable and will prevent you from having to pay the highest premiums for a brand new vehicle.
Of course, lower insurance prices on older cars also come with higher prices for maintenance and repair. It’s all about finding the right balance between different prices.
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