Nobody I know looks forward to buying insurance, especially when they are aware that the price is too high.
Shocking but true, most insurance customers renewed their policy with the same company for at least four years, and nearly the majority have never shopped around. Hawaii consumers could save $356 a year, but they just assume it takes a lot of time to find lower-cost rates by getting comparison quotes. Insurance companies such as Progressive, State Farm and GEICO all claim big savings, bombarding you with ad campaigns and consumers find it hard to sift through the bull and effectively compare rates to find the best deal.
It's important to do rate comparisons quite often since insurance rates trend upward over time. Even if you think you had the lowest rate on Mazda CX-5 insurance in Honolulu on your last policy you can probably find a better price now. There are a lot of ways to save on CX-5 insurance on the web, but in a few minutes you can learn some guaranteed methods to buy insurance cheaper in Honolulu.
If you have a current auto insurance policy or want to find a cheaper company, you can learn to reduce premiums and still have adequate protection. Locating the best insurance company for you in Honolulu can be much easier if you know how to start. Drivers just need to learn the best way to shop instantly.
Cheap companies for Mazda CX-5 insurance
The providers in the list below offer comparison quotes in Hawaii. If multiple companies are shown, it's a good idea that you visit two to three different companies to get the best price comparison.
Cheaper rates with these six premium slashing discounts
The cost of insuring your cars can be expensive, but there may be some discounts to cut the cost considerably. A few discounts will be applied at the time of quoting, but once in a while a discount must be specifically requested before they will apply.
- Defensive Driver Discount - Completing a safe driver course could cut 5% off your bill and easily recoup the cost of the course.
- Discounts for Federal Employees - Employees or retirees of the government can earn a discount up to 10% with a few auto insurance companies.
- Safe Driver Discount - Safe drivers may save up to 50% more compared to rates paid by drivers with frequent claims.
- Organization Discounts - Having an affiliation with qualifying employment or professional organizations may earn a discount on your next auto insurance statement.
- Claim-Free Discount - Drivers with accident-free driving histories can save substantially as compared to drivers who are more careless.
- Discount for Low Mileage - Low annual miles could earn discounted rates on garaged vehicles.
Policy discounts save money, but many deductions do not apply to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. So despite the fact that it appears it's possible to get free car insurance, that's just not realistic.
Popular auto insurance companies and some of their more popular discounts are outlined below.
- GEICO policyholders can earn discounts including good student, daytime running lights, driver training, multi-policy, federal employee, and defensive driver.
- SAFECO discounts include anti-theft, multi-car, anti-lock brakes, safe driver, and drive less.
- State Farm has discounts for multiple autos, student away at school, anti-theft, accident-free, multiple policy, and driver's education.
- MetLife offers discounts for defensive driver, accident-free, multi-policy, good student, claim-free, and good driver.
- 21st Century may have discounts that include good student, theft prevention, teen driver, air bags, and 55 and older.
- Progressive has savings for continuous coverage, online signing, good student, multi-policy, online quote discount, and multi-vehicle.
It's a good idea to ask all companies you are considering how you can save money. A few discounts might not be offered on policies in every state. To see auto insurance companies that offer many of these discounts in Honolulu, click this link.
How do I know if I need professional advice?
When buying a policy, there really is no one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs and your auto insurance should be unique as well. For instance, these questions can aid in determining if your insurance needs would benefit from an agent's advice.
- What exactly is covered by my policy?
- How can I find cheaper teen driver insurance?
- Does having multiple vehicles earn me a discount?
- Should I buy only the required Hawaii minimum liability coverage?
- Is business property covered if stolen from my car?
- Should I buy full coverage?
If you don't know the answers to these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.
What if I want to buy from local Honolulu auto insurance agents?
Certain consumers prefer to go talk to an agent and we recommend doing that Good agents can answer important questions and give you someone to call. A good thing about comparing insurance online is you can get cheap rate quotes but also keep your business local. Buying from local insurance agents is still important in Honolulu.
After filling out this simple form, your insurance data is immediately sent to agents in your area who will return price quotes for your coverage. It simplifies rate comparisons since you won't have to even leave your home because prices are sent instantly to you. In the event you want to get a price quote from a particular provider, don't hesitate to find their quoting web page to submit a rate quote request.
Is an exclusive or independent auto insurance agent right for you?
If you are wanting to find local Honolulu agents, you need to know there are two different types of agencies and how they can service your needs differently. Insurance agents are either independent or exclusive. Either can sell insurance policies, but it's worth learning why they differ because it may have an impact on which type of agent you select.
Independent Insurance Agents
Independent insurance agents are not employed by any specific company so they can quote policies amongst many companies and get the cheapest rates. To move your coverage to a new company, they can switch companies in-house and you don't have to do anything.
When comparison shopping, you will definitely want to get quotes from multiple independent agents in order to compare the most rates.
The following is a partial list of independent insurance agents in Honolulu that may be able to give you cheap rate quotes.
Exclusive agencies can only quote rates from one company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot give you multiple price quotes so they have no alternatives for high prices. They receive a lot of sales training on their company's products which helps them compete with independent agents.
Shown below are Honolulu exclusive agents that can give you price quote information.
Finding the right auto insurance agent needs to be determined by more than just the quoted price. These questions are important to ask:
- Is every driver in your family covered?
- How long has their agency been open in Honolulu?
- How often do they review coverages?
- Do they have any clout with companies to ensure a fair claim settlement?
- Is working in the agency their full-time job?
Misconceptions in auto insurance advertisements
Consumers can't get away from all the ads for auto insurance savings by companies like Progressive, Allstate and GEICO. They all seem to have a common claim that you'll save big if you switch your coverage.
How can each company charge less that you're paying now? This is the trick they use.
All companies look for specific characteristics for the right customer they prefer to insure. For example, a desirable insured might have to be between the ages of 30 and 50, has a low-risk occupation, and has a high credit rating. Any new insured who matches those parameters gets the lowest prices and as a result will probably save if they switch.
Potential customers who fall short of these standards may receive higher premium rates which results in business not being written. Company advertisements say "drivers that switch" not "everybody who quotes" save that much when switching. This is how companies can make the claims of big savings.
This really illustrates why you should do a rate comparison at every renewal. It's not possible to predict which company will have the lowest Mazda CX-5 insurance in Honolulu.
Auto insurance coverage basics
Understanding the coverages of a auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you'll find the usual coverages found on most auto insurance policies.
This coverage pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as crashing into a building, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to bump up the deductible on your CX-5 in order to get cheaper collision rates.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don't have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your Mazda CX-5.
Since many Hawaii drivers only purchase the least amount of liability that is required (20/40/10), it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP pay for bills for prosthetic devices, nursing services, EMT expenses and pain medications. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive auto coverage
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like hitting a deer, fire damage, a broken windshield and hitting a bird. The most you'll receive from a claim is the market value of your vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Auto liability insurance
This will cover damages or injuries you inflict on other's property or people in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 20/40/10 which stand for $20,000 in coverage for each person's injuries, a per accident bodily injury limit of $40,000, and a total limit of $10,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability can pay for things like funeral expenses, medical expenses, medical services, attorney fees and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford. Hawaii state law requires minimum liability limits of 20/40/10 but you should think about purchasing higher limits.
Affordable insurance rates are out there
You just learned a lot of tips how to save on Mazda CX-5 insurance in Honolulu. The most important thing to understand is the more price quotes you have, the better likelihood of getting affordable Mazda CX-5 insurance quotes. You may even be surprised to find that the biggest savings come from some of the smallest insurance companies. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive and GEICO.
Cost effective Mazda CX-5 insurance can be purchased both online and with local Honolulu insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not provide online quoting and most of the time these smaller companies work with independent agencies.
While you're price shopping online, do not buy less coverage just to save a little money. Too many times, an accident victim reduced comprehensive coverage or liability limits and discovered at claim time they didn't purchase enough coverage. The aim is to buy enough coverage for the lowest cost while still protecting your assets.
- Crash Avoidance Technologies FAQ (iihs.org)
- What is the Best Cheap Car Insurance in Pearl City, Hawaii? (FAQ)
- Who Has Cheap Hawaii Car Insurance Rates for Drivers Requiring a SR22? (FAQ)
- Who Has Affordable Hawaii Car Insurance Quotes for College Students? (FAQ)
- What is the Best Cheap Auto Insurance in Lahaina, HI? (FAQ)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- How to Avoid Staged Accidents (State Farm)
- Keeping Children Safe in Crashes Video (iihs.org)
- Credit and Insurance Scores (Insurance Information Institute)