How is everyones insurance for 2002 mazdas
 

I'm 21 and have never been in an accident - it will cost me 1762 every six months for insurance. This will rival my protege payments. WTF? HOw is everyone dealing with this?

I see you're from New Jersey - and there's your problem. NJ has the highest auto insurance rates in the nation by far.

I'm on Long Island, which isn't so great either for ins. rates. I'm 29, have had a few bumps and tickets, and I'm paying almost as much as you - about $2800/year.

I guess the rates are lower in Western NY... $1200/yr and that includes full coverage for the Mazda and liability for the beater. Of course the deductible is not all that low.

Oh I gues since age plays a factor in pricing this stuff.. I am 29.

Yeah screw NJ. Screw insurance companies. Can anyone from NJ recommend any insurance companies with better deals?

Down here in FLA, I am paying $1028/yr for the P5. We also have an MPV, a Harley Fatboy and our home on the policy also. We are both over 30, with a child. So there are many factors that helped bring our insurance cost down. The thing I was surprised with was that after going from a 2000 Mustang GT to the P5, my surance only went down $16/yr.

Here in the great white North...
 

I guess we're lucky here in the frozen North. I live in Ottawa, Canada and I just picked up my Protegé5 last week. I'm paying $1200 CDN sheckels a year for full coverage.

BTW, I'm 25 with 1 speeding ticket. :)

dru

Up here in Toronto Canada I'm paying 1250 CAD or ~833 US a year. I'm 25, driving since 16 no ticket no accident.

You guys have some crazy rate down there.

well i'm 22 still only have my G2 and i'm paying around $130 cdn a month under my dads plan and i'm an occasional driver....if i was the primary driver i'd be paying 4 grand a year

so far i've bin lucky...got one parking ticket at work

I haven't bought a P5 yet, but I was quoted $530/6 months for a P5. I'm 24 as is my wife; we have her 01 Millenia on the policy as well as our house. We are somehow getting the "over 25 y/o" rate.

Tyson

SK, Canada rules!
 

My insurance is $1120 CAD a year, or like 800 USD. Heh. Oh, I am 23 with a clean record, but up here it is the same basic rate for everyone. It could be as low as 930 CAD if I didn't want 2 mill liability, 50 deductible, glass coverage, etc.

Viva Saskatchewan!

PM or post your insurance limits. I work at an insurance company and I might be able to tell you how you can lower your rates. Also, the Symbol for your car is 17 (out of 26). Since it is high on the symbol index your insurance will be higher.

The symbol is a composite number that takes into account several things: How often people get into accidents with the car, how much on average it costs to repair an average accident (read: how much $$damage the car sustains in your average P5 accident), how much is paid out on medical claims resulting from above average accident, and the cost of the vehicle.

Hondas (2002) seem to be around the 10ish symbol range for most of the vehicles listed in my symbol book. (cheap insurance)

Anyhow, to make a long story short, P5's are not cheap to insure anywhere. Best bet, go shop around with insurance companies and get the best price.

Since you bought the car from a private party I am going to assume that either A, you own the car outright; or B, you have a loan for the car through your bank.

In case A (loan): Set Collision deductible as high as your loan company (or bank) will allow, and rates will go down.

In case B (no loan): Drop collision coverage, your rates will shoot through the floor.

If you need me to explain how certain coverages work, or how you can lower your insurance just ask. I'll be watching this thread. :)

Married couples get better rates regardless of age. Statistically, married people get in less accidents than non-married. Your rates will actually drop a little next year when you and your wife both turn 25. :)

I don't know about canada, but in the US you cannot be charged through your insurance on parking tickets.

i'm 29 and have had 3 acidents(none were my fault, by the way) and several speeding tickets and have also gotten fined for running a stop sign and i pay $512 CAD for my MP3 every 6 months. that's $30 more than i was paying for my 93' MX-3 gs.

I am in Maine, and I pay 76 a month. I had a truck before and my insurance went up when I bought the car.

Man, don't even think about dropping your collision coverage like Zeriak recommended. (he got his A-B scenario back wards, with a loan you have to cover your a$$ or they'll send out the repo guys. Without a loan think about whether you can take a $15,000 hit in the case of a "total"). Your car is worth too much. Even wholesale on a trade it's probably worth $12,000 or better and that's all an insurance company would first offer. It sure beats me how anyone in the insurance business would even offer no collision as an opinion. Raise your deductibles, get multi-car coverage, add your home or renters insurance policy to your car carrier. W/O collision you may save a grand a year, big deal! One good crash where you can't prove you were absolutely not at fault and you will be sorry. I'm 42, good record and still pay thru the nose!

I'm only paying about $210 a month, full coverave with a basic life ins plan too.

I'm 21 with G lisence, and a clean record...

i guess i dont feel to bad then...i thought i was getting screwed on my insurance...im only 19 and pay about 1700 every six months. if you guys are paying the same and more and your older i guess im kinda lucky. my insurance company must love me or something:p

I pay $1800 a year full coverage - 22, female, 1 accident at fault and 1 not at fault.

I get %15 off from my workplace plus they have good prices. Everywhere else I checked was over 2 grands!

Just myself I am paying 90 dollars a month. To get my wife on as occasional cost me an extra 10 bucks.

After my previous post I thought it might be of interest to the group to find my policy and let you know what an old fuque is paying in a Detroit suburb. My policy is maxed out for liability as allowed by Michigan state law. I have multi car discount, my home owner's thru the same firm, age rating 40-44 years, clean record (finally!), and 5-10 miles one way to work. Deductibles: $100, comprehensive, $250 broad collision. I pay $659.10 every six months. It sounds like some of you are getting a pretty good deal while many are paying a lot. the car is expensive to repair but it gets "good" ratings in most injury reports.

Jeff M.

I'm paying 1,500 per year about. One serious ticket (20+ over the limit). My deductables are set at $500. For an ES though. I'm assuming the P5 is going to have higher insurance rates.

which company
 

To all the Canadians who got insurance rates less than $2000 per year:

Which companies are you guys with...i am currently looking to switch companies to lower my insurance...currently with state farm insurance and i pay 170/month with basic life insurance.

Any info would help thanks!

I only have 15% discount off with ICBC in Canada and am paying 2400 /yr.. bleh.. hehe

sheesh, you guys have to pay up the @$$ for insurance. i only pay $230/6mo for full coverage through allstate. i do get multi-car/multi-policy plus a couple of other discounts. BTW i live in cali.

Re: which company
 

I'm 24 w/ no accidents or tickets (knock on wood!!) (and I mean tickets worth demerits...I have 2 Photo radar ass rapings).

I pay $130 CDN/month and I'm with ING Western Union...so that's about $1560/year.

I checked and when I turn 25 the rates will drop, but only by about $10/month...oh well...As Scrooge McDuck says, "A penny saved is a penny earned!" :D

BTW, my collision deductible is $500 and my comprehensive deductible is $250 (If i'm reading this form right).

I am 19 and been in 1 accident (my fault) and have 1 ticket (19 over) with an ES. I just got my car and my insurance company quoted me $850 every 6 months. Thats with multi-car, home, and drivers ed discounts. The car is in my parents name so I can get cheaper insurance.

31, female, unmarried, homeowner, Central Texas, no tickets, two comprehensive claims in the last 2 years (one deer hit, one rock damage claim). $250 deductible, high limits (no policy in front of me, but I know I chose liberal amounts) with rental coverage, and defensive driving class discount of 10%.

=

$177 a month for my '02 Protege 5 and '00 S2000, so that is $1020 a year for my P5 alone.

Suddenly, I feel a lot better about my rates after reading about you guys'! :eek:

$760 a YEAR or $63.33 a Month, Full Coverage, Full Tort!

I pay about 900 a year cdn, full coverage with state farm.
25 no tickets (that they know about :D ) or claims.
Stocker

Here in London, Ontario I'm paying $1010/year (US$660) on my P5 with CAA Insurance. This may seem cheap, but ironically it just went up--previously the rate was $877 (US$575). I'm 29 with one ticket and no claims. Sure feel better about my rate, even with the increase, after reading these other posts.

Well I am 24, married , and I have 1 child. I pay about 1600(usd)/yr....the just raised my rates($300/yr more) to that. I have no tickets, accidents or claims. and get this...next year when I turn 25 my rates will go down $300. Thank you State Farm:fu: so i will be paying my old rates again.

Re: which company
 

ProtegeRider,

I'm with York Fire & Casualty. According to my Insurance agent, they offer some of the best rates for those under 30 and not married.

dru

You're right about the A-B scenario. I did get it backwards, I'll re-edit the original post. Ooops.

Actually, if you have a loan and you don't insure it, first the insurance company finds out and sends a letter to the loan company. Then, loan company sends you a letter saying they will put you under their insurance (which is really expensive) unless you put comprehensive & collision on the car.

OK, the total thing is a little bit wrong here. Collision coverage covers your vehicle if you cause an accident. If you hit someone your insurance will always cover the other person to the limits of your liability coverage. Collision covers your car only if you cause the accident, otherwise the other person's insurance covers the damage to your car.

Now, in the case of a total. If you were not at fault in the accident, and the car is totalled. The other person's insurance company will cover the current market value of the car. Now, if you do not have collision coverage, and you wrap your car around a pole, you get to pay out of pocket.

As for why I would even say that dropping collision is an option since I work for an insurance company. Well, I don't sell insurance, I work for insurance.

I agree with silver_P5_owner, and myself I have the state minimum liability coverage with 500 comp/500 coll deductibles which is the highest Mazda Credit allows me to go. I didn't mean to say that it would be a good idea to drop collision, I just meant to tell you that half of your insurance premium is being generated by collision coverage.

I'll bet that you didn't know that in some states you can post a bond with the state for an amount (in Washington $50,000) and you are not required to have insurance. :) Just in case anyone had around $50k just laying around.

$137.00 usd. Per Mo. Full coverage :barf:

i pay $76 p/month or $912 p/year full coverage, i am 29 though,
cheers
Bloke

2002 P5. 20 year old male with a bad driving record no accidents though $173.68 month

My wife and I (I'm 34, she's 23) pay $98 a month for full coverage through State Farm. Both of our driving records are ticket-free, but both of us have accidents in the past 3 years. Not sure they have them on our record, because I think $98 is pretty good considering her age.

T

Where you live and your age are going to be the biggest factors on your insurance. P5's are above average to insure themselves. If you live in a big city where lots of people are getting into accidents, then more expensive insurance. If you live in Podunkville, Kansas then it will be a lot cheaper.

There's not much you can do to lower your insurance, but here's some tips:

Shop around for the best rate.

Increase deductibles on Comp/Collision

Turn 25+ yrs old.

Get Married (When married, you pay the same as being in the over 25 category even if you are only 18)

Grow boobs :) (women get cheap insurance)

Get more than one car on your policy, or get on parent's policy.

Tell them you drive very little. (Some companies have carpool credits)

Don't let Progressive's "we will give you a quote from other insurance companies" crap be your shopping around. Progressive will give you a quote from traditionally more expensive companies to make their quote look more attractive. There are hundreds of insurance companies out there that probably give better rates.

Call and make sure you get every little credit you can get. If you have a driver's training cert, dig it up and tell them. If you have ABS see if you get a credit. Make sure that you get the 4 door credit if applicable for your car. If you rate a Good Student Discount make sure you get it, this is a big credit.

On the deductibles: You are required to have collision if you have a loan. Collision protects you from yourself. Uninsured motorist protects you from someone without insurance. Underinsured motorists protects you from someone who doesn't have enough insurance. PIP, Medical is for injuries resulting from an accident whether your fault or not.

If you are in a minor "fender bender" accident, ask the other party if you can pay for the minor damage yourself. If you keep the insurance companies out of the picture, you're saving yourself money on premiums. Some insurance companies will charge you more premium just because you told them that you scratched someone's car and paid for it yourself.

I guess I've been driving in Michigan too long. Our system of no fault works in the fashion that your insurance pays for your car, the other driver's insurance pays for their car. After the settlements the two insurers battle out who owes who what. If you have no collision and are hit by someone else you have to sue for damages directly. We have different levels of collision coverage here. I beleive they are "Basic, Limited and Broad". Each level offers different options and pricing structures. I think the goal of this setup was to keep more auto claims out of the courts and let the pros of both insurers settle accounts. I think we're about the only state that has this and also unlimited medical coverage for injury rather than the usual 5 million limit. We pay for that thru an assessment called the MCCA, (Michigan catastrophic claims assessment) which is tacked on to your premium. The MCCA and collision account for probably 75% of our insurance costs. Bottom line is it's expensive even with high deductibles here!

Jeff M.