If you want to save money, the best way to quote cheaper car insurance rates in Detroit is to compare prices regularly from different companies in Michigan.
First, try to learn a little about the coverage provided by your policy and the factors you can control to keep rates down. Many risk factors that result in higher rates such as speeding tickets, careless driving and a less-than-favorable credit score can be eliminated by making minor changes to your lifestyle.
Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from many different companies. View rates
Third, compare the new rate quotes to the premium of your current policy to determine if you can save on 5 insurance. If you can save money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide notification to your current company of your decision to cancel your current policy and submit the application along with any required down payment to your new agent or company. Once the paperwork is finalized, place your new certificate verifying coverage in an easily accessible location in your vehicle.
The critical component of shopping around is that you use the same deductibles and limits on every quote request and and to analyze every company you can. This provides an apples-to-apples comparison and the best price quote selection.
It’s easy to assume that insurance companies don’t want their policyholders to compare prices. Drivers who shop around for cheaper prices will, in all likelihood, buy a different policy because of the high probability of finding coverage at a cheaper rate. A study showed that drivers who shopped around every year saved on average $865 a year compared to policyholders who don’t make a habit of comparing rates.
If finding discount rates on auto insurance is the reason for your visit, then understanding how to find and compare insurance premiums can help make the process easier and more efficient.
The intent of this article is to familiarize you with the best way to buy inexpensive auto insurance and some tricks to saving. If you have a policy now, you will be able to reduce the price you pay using the ideas covered in this article. Although Michigan car owners must know how the larger insurance companies charge you for coverage and apply this information to your search.
Cheapest auto insurance in Detroit, MI
The providers in the list below can provide comparison quotes in Michigan. If multiple companies are listed, we recommend you compare several of them to get the cheapest price.
Mazda 5 insurance rate analysis
The coverage information displayed below showcases detailed analysis of insurance prices for Mazda 5 models. Having insight into how policy rates are established is important for making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $516 | $908 | $792 | $46 | $238 | $2,500 | $208 |
| 5 Touring Station Wagon | $592 | $1106 | $792 | $46 | $238 | $2,774 | $231 |
| 5 Grand Touring Station Wagon | $592 | $1106 | $792 | $46 | $238 | $2,774 | $231 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price estimates do not factor in garaging location in Detroit which can influence coverage rates significantly.
Physical damage deductibles: Should you raise them?
When shopping for insurance, a common question is which deductibles should you choose. The tables below can help illustrate the rate difference when you buy lower versus higher policy deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $464 | $738 | $586 | $34 | $176 | $2,023 | $169 |
| 5 Touring Station Wagon | $534 | $900 | $586 | $34 | $176 | $2,255 | $188 |
| 5 Grand Touring Station Wagon | $534 | $900 | $586 | $34 | $176 | $2,255 | $188 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 5 Sport Station Wagon | $378 | $596 | $586 | $34 | $176 | $1,770 | $148 |
| 5 Touring Station Wagon | $434 | $726 | $586 | $34 | $176 | $1,956 | $163 |
| 5 Grand Touring Station Wagon | $434 | $726 | $586 | $34 | $176 | $1,956 | $163 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rates do not factor in vehicle garaging location which can increase or decrease price quotes significantly.
Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $24 more each month or $288 annually across all Mazda 5 models than buying the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average at least 10 months between claims, you would most likely save money if you choose a higher deductible.
The illustration below highlights how deductible selection and can affect Mazda 5 premium costs for different age groups. The information is based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Cheaper Detroit auto insurance quotes with discounts
Some insurers don’t necessarily list every discount they offer very well, so we took the time to find a few of the more common and also the lesser-known discounts that may be available.
- Telematics Devices – Insureds who allow driving data collection to scrutinize when and where they use their vehicle through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction as long as they are good drivers.
- Seat Belt Discounts – Drivers who require all vehicle occupants to wear their seat belts can save up to 15% off the medical payments premium.
- More Vehicles More Savings – Buying a policy with primary and secondary vehicles with the same auto insurance company can get a discount on all vehicles.
- Professional Memberships – Participating in a professional or civic organization could trigger savings when shopping for auto insurance.
- Passenger Safety Discount – Factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
- Distant Student Discount – Children who live away from home to go to college and won’t have access to an insured vehicle can receive lower rates.
- Safety Course Discount – Taking part in a course that instructs on driving safety could cut 5% off your bill and also improve your driving technique.
- One Accident Forgiven – Not necessarily a discount, but some companies like Allstate and GEICO will turn a blind eye to one accident before your rates go up if you have no claims before the accident.
- Discount for Home Ownership – Simply owning a home may trigger a policy discount on auto insurance since owning and maintaining a home means you have a higher level of financial diligence.
- Good Grades Discount – This discount can get you a discount of up to 25%. The good student discount can last up until you turn 25.
A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. Most only reduce individual premiums such as comprehensive or collision. Despite the fact that it seems like you can get free auto insurance, nobody gets a free ride. Any qualifying discounts will definitely reduce your overall premium however.
The chart below compares Mazda 5 insurance premiums with and without some available policy discounts. The rates are based on a male driver, no accidents or driving violations, Michigan 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, safe-driver, claim-free, marriage, multi-car, and homeowner discounts applied.
Large auto insurance companies and a summarized list of policyholder discounts are:
- Farmers Insurance policyholders can earn discounts including electronic funds transfer, mature driver, multi-car, pay in full, and teen driver.
- State Farm includes discounts for accident-free, safe vehicle, defensive driving training, Steer Clear safe driver discount, good driver, and Drive Safe & Save.
- Liberty Mutual may have discounts that include multi-car, teen driver discount, new vehicle discount, multi-policy, preferred payment discount, newly retired, and newly married.
- MetLife offers premium reductions for good student, claim-free, defensive driver, multi-policy, accident-free, and good driver.
- Progressive discounts include good student, online quote discount, homeowner, continuous coverage, online signing, and multi-vehicle.
It’s a good idea to ask all companies you are considering how you can save money. Some discounts listed above may not apply to policies in every state. To choose providers who offer auto insurance discounts in Detroit, click this link.
Mazda 5 Insurance Costs Can Be More Affordable
A large part of saving on car insurance is knowing the factors that play a part in calculating the rates you pay for car insurance. If you know what controls the rates you pay, this enables you to make decisions that may result in lower car insurance prices.
Listed below are some of the most common factors car insurance companies consider when setting your rates.
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Better drivers pay better costs – Even a single speeding ticket can bump up the cost twenty percent or more. Good drivers pay lower auto insurance prices as compared to careless drivers. Drivers who have gotten serious violations such as reckless driving or DUI may find that they have to to maintain a SR-22 with the DMV in their state in order to legally drive.
The chart below demonstrates how speeding tickets and accidents drive up Mazda 5 insurance costs for each different age group. The rates are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
- Do you really need the incidental coverages? – There are a lot of additional extra coverages you can purchase but may not be useful. Add-on coverages like vanishing deductibles, death and dismemberment, and extra equipment coverage are examples of these. These may sound like a good investment when discussing your needs, but now you might not need them so eliminate the coverages to reduce your premium.
- Low physical damage deductibles cost more – Physical damage insurance, termed comprehensive and collision coverage on your policy, covers damage that occurs to your Mazda. Some coverage claims are colliding with a building, flood damage, or theft. Physical damage deductibles define how much the insured will be required to pay if a covered claim is submitted. The more of the claim you’re willing to pay, the better rate you will receive.
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Teenagers are high risk – Drivers with little experience are known to be easily distracted when driving with friends therefore car insurance rates are much higher. If you’ve ever had to add a teenage driver onto your car insurance can really hurt. Older insureds are shown to be more cautious, cost insurance companies less in claims, and receive fewer citations.
The following chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
- Single drivers take more risk – Having a spouse helps lower the price compared to being single. Having a significant other means you’re more mature and it’s proven that married drivers get in fewer accidents.
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Guys pay more for insurance coverage – Over the last 50 years, statistics have shown that females take fewer risks when driving. However, don’t assume that women are BETTER drivers than men. Men and women have auto accidents at a similar rate, but men cause more damage. Men also tend to have more aggressive citations like driving under the influence (DUI).
The illustration below illustrates the comparison of Mazda 5 annual premium costs for male and female drivers. The price estimates are based on no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, marital status is single, and no additional discounts are factored in.
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Claims statistics for a Mazda 5 – Companies use past insurance losses when setting premium rates. Vehicles that the data shows to have higher losses will have higher rates.
The information below illustrates the compiled insurance loss statistics for Mazda 5 vehicles. For each type of coverage, the claim amount for all vehicles, regardless of make, model or trim level, is represented as 100. Numbers that are below 100 imply a favorable loss record, while values over 100 indicate frequent claims or tendency to have larger claims.
Mazda 5 Insurance Claim Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mazda 5 86 86 73 103 95 91 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
It’s not one size fits all
Always keep in mind that when comparing the right insurance coverage for your vehicles, there really is no “best” method to buy coverage. Your situation is unique.
Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.
- Am I covered when driving a rental car?
- Are rock chip repairs covered?
- Are there any extra discounts I can get?
- Is other people’s property covered if stolen from my vehicle?
- Is my vehicle covered by my employer’s policy when using it for work?
- Are split liability limits better than a combined single limit?
- What is covered by UM/UIM coverage?
- When can my company non-renew my policy?
If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Comparing rates from local Detroit auto insurance agents
Some consumers would rather buy from a local agent and there is nothing wrong with that. A good thing about getting free rate quotes online is that drivers can save money and get better rates and also buy local. And supporting local agencies is important especially in Detroit.
To help locate an agent, after submitting this short form, your coverage information is sent to agents in your area who will return price quotes and help you find cheaper coverage. You won’t need to leave your computer since price quotes are sent directly to your email. You’ll get the best rates and an insurance agent to talk to. If for some reason you want to get a comparison quote from a specific insurance company, don’t hesitate to navigate to their website and submit a quote form there.
If you’re trying to find a reputable insurance agent or broker, you need to know there are two different types of agencies that you can choose from. Insurance agencies in Detroit can be categorized as either independent or exclusive depending on the company they work for.
Independent Auto Insurance Agencies
Agents of this type are not required to write business for one company so they can quote policies with an assortment of companies and find you the best rates. If you are not satisfied with one company, they can switch companies in-house and the insured can keep the same agent.
When comparing rates, you need to compare prices from several independent insurance agents in order to compare the most rates. Most independent agents also contract with lesser-known insurance companies which could offer lower prices.
Featured below is a small list of independent agents in Detroit who may provide cheap rate quotes.
- Clark Insurance Agency
2711 E Jefferson Ave #206 – Detroit, MI 48207 – (313) 259-6600 – View Map - Detroit Auto Insurance
620 Woodward Ave – Detroit, MI 48226 – (517) 618-1693 – View Map - L.A. Insurance
17516 Livernois Ave – Detroit, MI 48221 – (313) 863-6000 – View Map
Exclusive Auto Insurance Agencies
Agents in the exclusive channel write business for a single company and examples are American Family, State Farm, and Allstate. Exclusive agents cannot provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive agencies receive extensive training on the products they sell and that allows them to sell at a higher price point. Some people will only use the same agent partially due to loyalty to the company and strong financial ratings.
Shown below are exclusive agents in Detroit willing to provide price quotes.
- Allstate Insurance: Shauna Johnson
18711 Grand River Ave – Detroit, MI 48223 – (313) 272-2020 – View Map - Angela Hughes – State Farm Insurance Agent
14511 W McNichols Rd – Detroit, MI 48235 – (313) 862-7800 – View Map - State Farm – Eric Huffman
3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172 – View Map
Picking the best auto insurance agent requires you to look at more than just a cheap price. Some important questions to ask are:
- By raising physical damage deductibles, how much would you save?
- Do the agents have professional certifications like CPCU or CIC?
- Are there any discounts that you might be missing?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Who is covered by the car insurance policy?
- Will the agent help in case of a claim?
- If you have an accident, will your rates go up?
Cover all your bases
People change insurance companies for many reasons like policy cancellation, not issuing a premium refund, denial of a claim or even high rates after DUI convictions. Regardless of your reason for switching companies, finding a new company is less work than it seems.
Some insurance companies may not offer rates over the internet and these smaller companies sell through independent agents. Discount Mazda 5 insurance can be sourced online in addition to local insurance agencies, and you need to comparison shop both in order to have the best price selection to choose from.
Throughout this article, we presented some good ideas how you can lower your Mazda 5 insurance prices in Detroit. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding the cheapest Mazda 5 rate quotes. Drivers may even discover the lowest prices are with a small local company.
To read more, feel free to browse these articles:
- Car Insurance: When not to Skimp (BankRate.com)
- Who Has Cheap Detroit Car Insurance Rates for Single Moms? (FAQ)
- Who Has the Cheapest Detroit Car Insurance Rates for a Honda Civic? (FAQ)
- What Car Insurance is Cheapest for Electric Cars in Detroit? (FAQ)
- Who Has Cheap Detroit Auto Insurance for a Dodge Ram? (FAQ)
- What Auto Insurance is Cheapest for Low Credit Scores in Detroit? (FAQ)
- How Much are Auto Insurance Rates for a School Permit in Detroit? (FAQ)
- Who has the Cheapest Auto Insurance Quotes in Detroit, MI? (DetroitInsure.com)
- What is the Best Car Insurance in Detroit? (DetroitInsure.com)
- Where can I buy Insurance? (Insurance Information Institute)
- What Does No-Fault Insurance Cover? (Allstate)
- Auto Insurance for Teen Drivers (Insurance Information Institute)