Best Insurance for a Mazda 6 in Anchorage

To save the most money, the best way to get discount auto insurance rates in Anchorage is to make a habit of comparing prices annually from insurance carriers who can sell car insurance in Alaska.

1. Try to learn about how your policy works and the things you can control to drop your rates. Many rating criteria that drive up the price such as tickets, at-fault accidents, and an imperfect credit rating can be improved by making lifestyle changes or driving safer. Continue reading for additional ideas to prevent expensive rate increases and find additional discounts you may qualify for.
2. Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from many different companies.
3. Compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Anchorage. If you can save some money and decide to switch, verify that coverage does not lapse between policies.
4. Tell your current agent or company to cancel your current coverage. Submit the signed application along with the required initial payment to the new company. Once the paperwork is finalized, keep your new proof of insurance certificate in an easily accessible location.

An important part of this process is that you’ll want to make sure you compare identical coverages on each price quote and and to get rate quotes from as many companies as you can. Doing this provides an apples-to-apples comparison and the best price selection.

It’s an obvious statement that insurance companies don’t want policyholders to compare prices from other companies. Drivers who compare price quotes will, in all likelihood, move their business because the odds are good of finding a more affordable policy. A recent study showed that consumers who shopped around saved over $3,450 over four years compared to other drivers who never shopped around for better prices.

If finding the best rates on Mazda 6 insurance is the reason for your visit, knowing the best way to quote and compare insurance coverage can make the process more efficient.

The quickest method we recommend to compare car insurance rates for Mazda 6 insurance in Anchorage is to know the fact auto insurance companies provide online access to quote your coverage. The only thing you need to do is give them some information like what your job is, if your license is active, if the car is leased, and the type of vehicles you drive. That rating information is submitted instantly to multiple different insurance companies and you will get price comparisons immediately.

To check rates for your Mazda 6 now, click here and enter your coverage details.

The providers in the list below offer free quotes in Anchorage, AK. If you wish to find the best cheap auto insurance in Alaska, it’s highly recommended you click on several of them in order to find the most competitive rates.

Verify you’re receiving every discount

Insurance can be prohibitively expensive, but you may be missing some discounts that many people don’t even know exist. Some of these discounts will be visible at quote time, but a few need to be specially asked for before they will apply.

• Accident Forgiveness – This one isn’t a discount, but a few companies such as GEICO, Progressive, and Allstate will turn a blind eye to one accident without raising rates if your claims history is clear prior to being involved in the accident.
• Paperless Signup – Some of the larger companies provide a small discount simply for signing on your computer.
• Theft Deterrent – Cars and trucks that have factory anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
• Bundle and Save – If you can bundle your home and auto insurance and insure them with the same company they may give you a discount of nearly 15% which can help you find the cheapest Mazda 6 insurance in Anchorage.
• Active Military Service – Being on active deployment in the military can result in better prices.
• Drive Safe and Save – Drivers who avoid accidents can save up to 40% or more on their Anchorage auto insurance quote compared to rates paid by drivers with frequent claims.
• Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems can stop better under adverse conditions so you can save 10 percent or more.

As a sidenote, most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Just because you may think you could get a free car insurance policy, you aren’t that lucky.

The illustration below illustrates the comparison of Mazda 6 car insurance rates with and without discounts. The data assumes a male driver, no accidents or driving violations, Alaska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, safe-driver, homeowner, and multi-car discounts applied.

To view companies that offer the discounts shown above in Anchorage, click here to view.

Mazda 6 insurance charts and tables

The coverage table displayed next outlines a range of coverage costs for Mazda 6 models. Having knowledge of how policy rates are figured helps drivers make informed decisions when comparing rate quotes.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price information does not factor in specific location which can change rates substantially.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The rates shown below determine the differences in price when you choose different insurance deductibles. The first rate table uses a $250 deductible and the second rate chart uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in Anchorage location which can modify insurance rates noticeably.

We can estimate from the data above that using a $250 deductible costs roughly $21 more each month or $252 every year averaged for all 6 models than choosing the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 36 months between claim filings, you would most likely save money if you elect the higher deductible.

Difference between full coverage and liability only rates

The example below illustrates the difference between Mazda 6 premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Alaska. The data is based on no claims or driving violations, $100 deductibles, drivers are single, and no policy discounts are applied.

When to drop comprehensive and collision

There is no set guideline of when to phase out physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Mazda 6 settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after you pay the deductible. If you are currently paying more than $800 a year for your policy with full coverage, then you might consider buying liability only.

There are some situations where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not buy liability only.

Anchorage Insurance Premiums are Influenced by These Factors

Lots of factors are part of the equation when pricing auto insurance. Some are obvious like a motor vehicle report, but other factors are not as apparent such as your credit history or your vehicle rating.

• A good credit score can save money – A driver’s credit score is likely to be a major factor in determining premium rates. Insureds with very high credit ratings tend to be more responsible and file fewer claims as compared to drivers with poor credit. So if your credit rating can be improved, you could be paying less to insure your Mazda 6 if you improve your credit rating.

• Lower rates come with age – Drivers with little experience are known to be more careless when at the wheel of a vehicle therefore insurance rates are much higher. Adding a young driver to your insurance policy can increase premiums substantially. More experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and are generally more financially stable.

  The next chart assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

• Too many claims drive up prices – If you frequently file small claims, you shouldn’t be surprised to get either higher rates or even cancellation. Companies in Alaska provide lower rates to people who file claims infrequently. Auto insurance is intended for the bigger claims that can’t be paid out-of-pocket.

• Performance impacts rates – The performance of the vehicle you are insuring makes a significant difference in determining your rates. Small economy passenger cars usually are quite affordable to insure, but the final cost of insurance is determined by many other factors.

  The following chart assumes a married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. The data compares Mazda 6 rates compared to other makes and models that have different performance risks.

• High physical damage deductibles equal low rates – Your deductibles define the amount you are willing to pay out-of-pocket if a covered claim is submitted. Physical damage protection, also called comprehensive and collision insurance, protects your car from damage. Some examples of covered claims are colliding with a stationary object, damage from fire, and damage caused by road hazards. The larger the amount the insured is willing to pay, the lower your rates will be.
• Vehicles with better crash test results cost less to insure – Cars with five star safety ratings tend to have lower insurance rates. The safest vehicles reduce occupant injuries and lower rates of occupant injuries means lower claim amounts and lower rates for you. If your Mazda earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.

• Mazda 6 statistical loss data – Companies take into consideration historical loss data for every vehicle to calculate a price that will offset losses. Vehicles that the statistics show to have a trend towards higher claims will have a higher premium rate. The information below illustrates the compiled insurance loss statistics for Mazda 6 vehicles.

  For each insurance policy coverage type, the loss probability for all vehicles, as a total average, is a value of 100. Numbers that are below 100 suggest a better than average loss history, while values that are 100 or greater point to more claims or an increased chance of larger losses than average.

  
  

  Mazda 6 Insurance Loss Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Mazda 6	99	92	112	94	98	94

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years