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When researching the cost for Mazda CX 5 insurance, there is a lot of information available, from free quotes to how to find an insurance provider with competitive rates. Comparing quotes from multiple auto insurance companies based on several factors that may have an impact on the cost is one of the first things to do when considering a new policy or making a change to your current coverage.
Factors Affecting Insurance Premiums
Whether researching online for CX-5 insurance coverage or contacting an agent directly for a quote, it is advantageous to understand what factors play a role in how the rate is determined to avoid any surprises. From QuoteInspector, the following are some of the things insurance companies consider when calculating an insurance rate.
- Liability coverage only
- High-risk insurance coverage
- Location (the state where you live)
- Older drivers
- Driving record
- Deductibles
Drivers who opt for liability coverage may pay an estimated $452. Full coverage is estimated at $1366 while high-risk insurance can cost around $2940.
Geographic areas are considered in determining rates based on the possibility of accidents. In rural areas where traffic is not as congested as in a big city, insurance rates are lower. In a big city where there are more opportunities for collisions resulting in claims, insurance rates are higher. Coverage for drivers in states such as New Hampshire and Vermont may have an annual premium of $1050. In New York or Michigan, the same coverage may cost $1950.
The cost of auto insurance for an older driver versus a teen driver is significant. An older driver with a clean driving history and opting for higher deductibles for physical damage may have an annual premium of around $1300. A teen driver with a clean driving history may have an estimated premium of $5000.
An individual’s driving history can affect the cost of insurance. Drivers who have accidents and traffic violations may need to purchase high-risk auto insurance, which can be between 40 percent and 130 percent higher than the typical rate.
Insurance rates may be affected by purchasing high physical damage deductibles, resulting in an estimated $550 annual reduction in cost. If an increase in higher liability limits with a change from 50/100 bodily injury coverage to a 250/500 limit may increase the annual premium cost by $351.
Least Expensive States for Mazda CX-5 Insurance
According to The Zebra, the insurance companies with the cheapest rates in 2020 were the following:
- Allied ($756)
- Nationwide ($930)
- Vermont Mutual ($1072)
- GEICO ($1157)
- Tennessee Farmers ($1314)
- Country ($1336)
- Progressive ($1360)
- Arbella ($1389)
- USAA ($1396)
- Erie ($1407)
- State Farm ($1424)
- Mercury ($1484)
On average, the cost to insure a Mazda CX-5 in 2020 was estimated at $1455 annually. The monthly premium was estimated at $121. The company with the most affordable coverage was Allied with a monthly premium of $63.
Insurance Rates for the Mazda CX-5 in 2021
Smart Financial provides a breakdown for the estimated annual cost of coverage in 2021 for the CX-5:
- Direct Auto ($1131)
- USAA ($1388)
- Unitrin ($1476)
- Esurance ($1640)
- Allied ($1660)
- State Farm ($1668)
- Grange ($1688)
- Allstate ($1715)
- California Capital ($1782)
- Auto Club ($1835)
The average cost to insure the Mazda CX-5 using Smart Financials’ data is $1248 annually with Direct Auto having the least expensive rate of $1131 annually.
Insurance Cost by Age for 2021
A breakdown by Smart Financial provides a breakdown, by age, of the current estimated monthly premium cost of insurance for the Mazda CX-5 in 2021:
- 16 to 19 years old: $169.16
- 20 to 29 years old: $ 96.53
- 30 to 39 years old: $ 62.30
- 40 to 49 years old: $187.16
- 50 to 59 years old: $127.89
- 60 + years old: $135.77
Driver Discounts
Driver discounts are generally available for those who qualify with many/most insurance companies offering a variety of options. At Allstate, their driver discounts cover many driver-related areas as well as the car’s safety features.
- Anti-lock brake discount
- Anti-theft device discount
- Allstate eSmart discount
- EZ pay plan discount
- Early Signing discount
- FullPay discount
- Multiple policy discount
- New car discount
- Responsible payer discount
- Safe driving club
- Smart student discount
Safety Ratings
The safety ratings and crash test ratings given by the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) for the Mazda CX-5 may be considered by insurance companies when determining the cost of the premium. BuyAutoInsurance provides the ratings for these tests conducted in 2020. The Mazda CX-5 received a “Good” rating, which is the highest rating given by the IIHS. The following categories were tested by the IIHS:
- Head restraints and seats
- Moderate overlap front
- Roof strength
- Side
- Small overlap front: for the driver-side
- Small overlap front: for the passenger side
Crash test ratings from the NHTSA for 2020 for the CX-5 are as follows:
- Frontal (five stars)
- Side (five stars)
- Rollover (five stars)
- Overall rating (five stars)
Safety features are also a factor in determining Mazda CX-5 rates. The many features the vehicle is equipped with may help lower the premium cost.
Expert Insurance Reviews notes the importance of safety ratings when insurance costs are calculated and recommend researching both the Insurance Institute for Highway Safety and the Insurance Institute for Highway Safety for the CX-5 model and year being insured. Whether the car is new or used, safety features and safety ratings may be considered by the insurance provider depending on the test results for the individual year.
Check this out if you need additional information, resources, or guidance on car insurance.
Sources:
Mazda CX-5 Insurance Rates | quoteinspector.com Accessed August 5, 2021.
Mazda CX-5 Insurance Cost | thezebra.com Accessed August 5, 2021.
Car Insurance Discounts | allstate.com Accessed August 5, 2021.
Mazda CX-5 Car Insurance | smartfinancial.com Accessed August 5, 2021.
Insurance Quotes (How to Find Low Rates) | buyautoinsurance.com Accessed August 5, 2021.
Are Mazda CX-5s Expensive to Insure? (Rates + Cheap Coverage Guide | expertinsurancereviews.com Accessed August 5, 2021.
2021 Mazda CX-5 | caranddriver.com Accessed August 5, 2021.
Car Insurance | caranddriver.com Accessed August 5, 2021.
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