All The Details You Need To Know About Mazda CX 5 Insurance

By | April 14, 2022

When searching for information about Mazda CX 5 insurance, one may come across a lot of information such as free quotes, a comparison of quotes from different insurance providers, what to expect in terms of costs, and tips on finding a competitive insurance provider.

With Mazda CX 5 Insurance or any other insurance policy, the first thing you should do when considering a new policy or changing your current coverage is to compare quotes from multiple insurance companies according to several factors.

Mazda CX 5 Insurance: The factors that affect insurance premiums

In order to avoid any unpleasant surprises when purchasing CX-5 insurance, it’s important to know what factors determine the price. 

From QuoteInspector, insurance companies consider the following factors when calculating insurance rates.

  • Liability coverage only
  • High-risk insurance coverage
  • Location (the state where you live)
  • Older drivers
  • Driving record
  • Deductibles

An estimated $452 may be paid by drivers who choose liability coverage. 

A full policy costs approximately $1366; high-risk insurance costs approximately $2940.

Based on the likelihood of accidents, rates are determined by geographical areas. 

The cost of insurance is lower in rural areas because traffic is less congested. 

Rates for insurance are higher in large cities because more collisions can result in a claim. 

There are certain states in the country where you may have to pay a premium of up to $1050 for a coverage policy such as New Hampshire and Vermont. 

The same type of coverage may cost $1950 in New York or Michigan.

Essentially, the cost of an auto insurance policy for an older driver as compared to a teen driver differs greatly.

If you are an older driver with a good driving record and choose a higher deductible, you can expect to pay a premium of about $1300 per year.

An estimated premium of $5000 may be charged to a teen driver with a clean driving history.

In some cases, the cost of a car insurance policy can be affected by an individual’s driving history.

 A driver who is involved in an accident or has committed a traffic violation may need to purchase high-risk auto insurance, which could cost up to 130 percent more than the average rate of coverage.

There is an estimated $550 reduction in annual insurance costs by having a high physical damage deductible, thereby reducing the cost of your insurance. 

In the scenario of an increase in liability limits, even with the change from a 50/100 bodily injury coverage to a 250/500 limit, the increase in annual premiums may increase by $351.

Mazda CX5 Insurance – Cheapest States

Based on The Zebra’s findings, the insurance providers with the lowest premiums in 2021 are:

  • 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)

In 2020, the average cost of insuring a Mazda CX-5 is estimated to be $1455 per year. 

An estimate of $121.95 was provided for the monthly premium. 

Allied’s monthly premium was $63, making it the company with the most affordable coverage.

Mazda CX 5 insurance rates in 2021

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Smart Financial provides the following information regarding the cost of coverage for the CX-5 in 2021:

  • Direct Auto ($1131)
  • USAA ($1388)
  • Unitrin ($1476)
  • Esurance ($1640)
  • Allied ($1660)
  • State Farm ($1668)
  • Grange ($1688)
  • Allstate ($1715)
  • California Capital ($1782)
  • Auto Club ($1835)

Using Smart Financials’ data, the average Mazda CX-5 insurance rate is $1248 per year, with Direct Auto offering the lowest rate at $1131 per year.

Age-based insurance costs for 2021

According to Smart Financial, the following breakdown provides an estimate of the cost of Mazda CX-5 insurance in 2021 by age:

  • 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

The majority of insurance companies offer driver discounts to those who qualify. 

Allstate provides discounts for drivers on many driver-related topics, as well as discounts on car 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