Pricey auto insurance in Indianapolis can eat up your checking account and force you to cut corners elsewhere. Comparing rates annually is a great way to make ends meet.
Surprisingly, a recent survey revealed that most consumers in Indiana kept buying from the same company for more than four years, and almost half have never even compared rates from other companies. The average driver in the United States could save about 47% every year, but most just don't grasp the amount of savings they would get if they switched to a more affordable policy. Due to the large number of auto insurance companies to choose from, it can be impossible to pick a lower cost company.
It's a great practice to compare premium rates quite often due to the fact that insurance prices tend to go up over time. Even if you think you had the lowest rates on Mazda 6 insurance in Indianapolis a year ago there is a good chance you can find better rate quotes now. Ignore everything you know about auto insurance because you're about to learn the only way to buy cheaper Mazda 6 insurance in Indianapolis.
The goal of this article is to help you learn how car insurance companies work. If you have insurance now, you will definitely be able to buy cheaper auto insurance using this information. Smart shoppers just need to learn the fastest way to quote multiple rates using one simple form.
Cheapest companies for Mazda 6 insurance in Indiana
The car insurance companies shown below provide quotes in Indiana. If multiple providers are shown, we suggest you click on several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|6 I Sport 4-Dr Sedan||$234||$428||$286||$16||$86||$1,050||$88|
|6 I SV 4-Dr Sedan||$202||$294||$368||$22||$110||$996||$83|
|6 I Touring 4-Dr Sedan||$170||$310||$270||$16||$80||$846||$71|
|6 I Touring Plus 4-Dr Sedan||$262||$494||$364||$22||$110||$1,252||$104|
|6 I Touring Plus 4-Dr Sedan||$272||$450||$380||$22||$114||$1,238||$103|
|6 I Grand Touring 4-Dr Sedan||$262||$580||$364||$22||$110||$1,338||$112|
|6 S Touring Plus 6 Cyl 4-Dr Sedan||$148||$312||$340||$20||$102||$922||$77|
|6 S Touring Plus 4-Dr Sedan||$172||$340||$294||$18||$88||$912||$76|
|6 S Grand Touring 4-Dr Sedan||$168||$334||$380||$22||$114||$1,018||$85|
|6 S Grand Touring 6 Cyl 4-Dr Sedan||$220||$428||$380||$22||$114||$1,164||$97|
|Get Your Own Custom Quote Go|
Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate quotes do not factor in your specific Indianapolis location which can modify prices considerably.
Responsible drivers pay cheaper Indianapolis car insurance rates
The illustration below illustrates how speeding tickets and accidents can influence Mazda 6 car insurance costs for each age group. The data assumes a single female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
Do you need full coverage?
The information below visualizes the comparison of Mazda 6 car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no violations or accidents, $100 deductibles, married female driver, and no discounts are applied.
When to stop buying physical damage coverage
There is no definitive rule to stop buying physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let's assume your Mazda 6 replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $6,000 after paying the physical damage deductible. If it's costing you more than $600 a year for full coverage, then you may need to consider dropping full coverage.
There are some cases where buying only liability insurance is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.
Auto insurance quotes and discounts
Car insurance can cost a lot, but there could be significant discounts that many consumers don't even know exist. Many of these discounts will be applied automatically at the time you complete a quote, but some discounts are required to be asked for before they will apply.
- Paper-free Discount - A few insurance companies provide a small discount for buying your policy on their website.
- Drive Less and Save - Fewer annual miles on your Mazda can earn lower prices on the low mileage vehicles.
- Data Collection Discounts - Policyholders that allow companies to study vehicle usage by using a telematic data system such as Progressive's Snapshot might get better premium rates if they show good driving skills.
- Full Payment Discount - By paying your entire bill at once instead of paying each month you can avoid the installment charge.
- Life Insurance Discount - Insurance companies who offer life insurance give a discount if you purchase life insurance from them.
- Theft Deterrent Discount - Cars, trucks, and SUVs with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
- Seat Belts Save - Drivers who require all occupants to wear their seat belts can save 10% or more off PIP or medical payments premium.
- Good Students Pay Less - Maintaining excellent grades can save 20 to 25%. You can use this discount normally well after school through age 25.
- No Claim Discounts - Insureds with no claims or accidents pay much less as compared to insureds who have frequent claims or accidents.
- Multi-car Discount - Having multiple vehicles on the same auto insurance policy could earn a price break for each car.
We need to note that most discounts do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as comprehensive or collision. Even though the math looks like having all the discounts means you get insurance for free, auto insurance companies aren't that generous. Any qualifying discounts will lower your premiums.
A partial list of companies that have most of these discounts possibly include:
Before purchasing a policy, check with all companies you are considering to apply every possible discount. Some discounts may not be available in your area. To see a list of insurance companies with the best discounts in Indianapolis, click this link.
Compare rate quotes but buy from a local Indianapolis insurance agency
A lot of people prefer to get professional advice from a licensed agent and that is recommended in a lot of cases Licensed agents can help determine the best coverages and will help you if you have claims. One of the benefits of comparing rates online is that you can obtain lower rates and still buy from a local agent. Buying insurance from local insurance agents is definitely important in Indianapolis.
To find an agent, once you fill out this form (opens in new window), your coverage information is instantly submitted to local insurance agents who will give you bids and help you find cheaper coverage. There is no reason to leave your house due to the fact that quote results will go directly to your email. If you want to compare prices from a particular provider, don't hesitate to jump over to their website and fill out their quote form.
If you want a local agent, there are a couple of types of agencies and how they operate. Agencies in Indianapolis are considered either independent or exclusive. Either can provide auto insurance policies, but it's worth mentioning the difference in the companies they write for since it can impact the type of agent you choose.
Independent Insurance Agents
Independent insurance agents are appointed with more than one company and that allows them to write policies through many different auto insurance companies and possibly get better coverage at lower prices. If you want to switch companies, they simply switch companies in-house and you don't have to find a new agent. When searching for an agent, you will definitely want to get some free quotes from at least one independent agent in order to compare the most rates.
Below are independent agencies in Indianapolis who may provide pricing information.
Indiana Discount Insurance
5502 N Keystone Ave - Indianapolis, IN 46220 - (317) 863-0349 - View Map
Exclusive Auto Insurance Agencies
Agents that choose to be exclusive can usually just insure with one company like American Family, State Farm, and Allstate. They are unable to shop your coverage around so keep that in mind. Exclusive insurance agents are well trained on sales techniques which helps them sell insurance even at higher premiums.
Below are exclusive agents in Indianapolis that are able to give price quote information.
Choosing an insurance agent shouldn't rely on just the price. You should also get answers to these questions.
- Do they get paid more for recommending certain coverages?
- Can you contact them at any time?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Is coverage determined by price?
- How does the company pay claims for a total loss?
- What company holds the largest book of business for them?
The largest companies are not always cheapest
Indiana drivers can't get away from all the ads for the lowest price insurance by Progressive, Allstate and GEICO. They all seem to make an identical promise that drivers can save some big amount just by moving to them.
Is it even possible that every company can charge you a lower premium? It's all in the wording.
All the different companies have a certain "appetite" for the right customer that will most likely be profitable. A good example of a desirable insured might have to be between 25 and 40, has no claims, and chooses high deductibles. A driver who meets those qualifications will most likely get cheap rates and is almost guaranteed to save a lot of money.
People who fall short of those standards may be required to pay a higher rate which translates to business not being written. The ads state "customers who switch" not "everyone who quotes" can save as much as they claim. That's the way companies can truthfully make claims like that.
Each company has different criteria, so it's extremely important to quote coverage with many companies. It is impossible to guess with any certainty which company will have the lowest prices for your situation.
You can lower your insurance rates
Low-cost Mazda 6 insurance in Indianapolis can be found from both online companies in addition to local insurance agencies, so get free Indianapolis car insurance quotes from both of them in order to have the best price selection to choose from. A few companies may not offer internet price quotes and many times these small insurance companies provide coverage only through independent agents.
Throughout this article, we presented a lot of ways to save on Mazda 6 insurance in Indianapolis. The key thing to remember is the more providers you compare, the better likelihood of getting cheaper Indianapolis car insurance quotes. Drivers may even discover the lowest rates are with some of the smallest insurance companies. Some small companies often have lower car insurance rates on specific markets compared to the large companies like Progressive and GEICO.
More information can be found at these links:
- Older Drivers FAQ (iihs.org)
- Who Has Cheap Car Insurance for Drivers Under 21 in Indiana? (FAQ)
- Who Has Affordable Indiana Auto Insurance Quotes for Teenage Females? (FAQ)
- Who Has the Cheapest Indiana Auto Insurance for a Learners Permit? (FAQ)
- What is the Best Cheap Auto Insurance in Noblesville, IN? (FAQ)
- What Insurance is Cheapest for a Jeep Grand Cherokee in Indiana? (FAQ)
- Who Has the Cheapest Indiana Car Insurance for Felons? (FAQ)
- What is the Best Cheap Car Insurance in New Albany, Indiana? (FAQ)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Young Drivers: The High Risk Years Video (iihs.org)
- Anti-Lock Brake FAQ (iihs.org)
- Teen Driver Licensing Information (iihs.org)