The most effective way to get budget auto insurance rates in Indianapolis is to start comparing prices regularly from providers who provide car insurance in Indiana.
- Step 1: Read and learn about the coverage provided by your policy and the things you can change to prevent expensive coverage. Many rating factors that result in higher rates such as accidents, traffic violations, and a not-so-good credit history can be eliminated by making minor changes in your lifestyle. Keep reading for more ideas to find cheap prices and find possible discounts that are available.
- Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive or Farmers Insurance, while independent agents can provide price quotes from many different companies.
- Step 3: Compare the new rate quotes to your existing rates and determine if cheaper 6 coverage is available. If you can save money and decide to switch, ensure there is no coverage lapse between policies.
The critical component of shopping around is that you use identical deductibles and limits on every quote request and and to get rate quotes from as many car insurance companies as possible. This ensures a fair rate comparison and plenty of rates choose from.
A recent insurance study discovered that the vast majority of drivers have stayed with the same insurance company for over three years, and approximately 38% of consumers have never compared insurance rates at all. Indianapolis drivers can save nearly $700 each year, but they don’t invest the time required to compare rates online.
Cheapest Mazda insurance prices in Indianapolis
The following companies are ready to provide free rate quotes in Indiana. If more than one company is shown, we recommend you compare several of them in order to find the cheapest rates.
Auto insurance analysis for a Mazda 6
The data table shown next covers estimates of coverage prices for Mazda 6 models. Learning a little about how rate quotes are established can help you make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 6 I Sport 4-Dr Sedan | $240 | $450 | $380 | $22 | $114 | $1,206 | $101 |
| 6 I SV 4-Dr Sedan | $240 | $450 | $380 | $22 | $114 | $1,206 | $101 |
| 6 I Touring 4-Dr Sedan | $240 | $450 | $380 | $22 | $114 | $1,206 | $101 |
| 6 I Touring Plus 4-Dr Sedan | $272 | $450 | $380 | $22 | $114 | $1,238 | $103 |
| 6 I Touring Plus 4-Dr Sedan | $272 | $450 | $380 | $22 | $114 | $1,238 | $103 |
| 6 I Grand Touring 4-Dr Sedan | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| 6 S Touring Plus 6 Cyl 4-Dr Sedan | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| 6 S Touring Plus 4-Dr Sedan | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| 6 S Grand Touring 4-Dr Sedan | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| 6 S Grand Touring 6 Cyl 4-Dr Sedan | $272 | $530 | $380 | $22 | $114 | $1,318 | $110 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in zip code location which can influence rates substantially.
Physical damage deductibles: Should you raise them?
When shopping for auto insurance, a common question is where to set your physical damage deductibles. The rates below summarize the price difference between low and high insurance deductibles. The first data set uses a $100 physical damage deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 6 I Sport 4-Dr Sedan | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| 6 I SV 4-Dr Sedan | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| 6 I Touring 4-Dr Sedan | $242 | $436 | $280 | $16 | $84 | $1,083 | $90 |
| 6 I Touring Plus 4-Dr Sedan | $272 | $436 | $280 | $16 | $84 | $1,113 | $93 |
| 6 I Touring Plus 4-Dr Sedan | $272 | $436 | $280 | $16 | $84 | $1,113 | $93 |
| 6 I Grand Touring 4-Dr Sedan | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| 6 S Touring Plus 6 Cyl 4-Dr Sedan | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| 6 S Touring Plus 4-Dr Sedan | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| 6 S Grand Touring 4-Dr Sedan | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| 6 S Grand Touring 6 Cyl 4-Dr Sedan | $272 | $514 | $280 | $16 | $84 | $1,191 | $99 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 6 I Sport 4-Dr Sedan | $176 | $294 | $280 | $16 | $84 | $850 | $71 |
| 6 I SV 4-Dr Sedan | $176 | $294 | $280 | $16 | $84 | $850 | $71 |
| 6 I Touring 4-Dr Sedan | $176 | $294 | $280 | $16 | $84 | $850 | $71 |
| 6 I Touring Plus 4-Dr Sedan | $200 | $294 | $280 | $16 | $84 | $874 | $73 |
| 6 I Touring Plus 4-Dr Sedan | $200 | $294 | $280 | $16 | $84 | $874 | $73 |
| 6 I Grand Touring 4-Dr Sedan | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| 6 S Touring Plus 6 Cyl 4-Dr Sedan | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| 6 S Touring Plus 4-Dr Sedan | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| 6 S Grand Touring 4-Dr Sedan | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| 6 S Grand Touring 6 Cyl 4-Dr Sedan | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in zip code location which can raise or lower insurance rates significantly.
Based on the figures above, using a $100 deductible will cost in the ballpark of $21 more each month or $252 annually than quoting the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 19 months between claim filings, you would more than likely save some money if you opt for a higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $100 deductibles: | $95 |
| Average monthly premium for $500 deductibles (subtract): | – $74 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One big caveat is that a higher deductible level means you will have to pay more when you do file a claim. You should have a higher level of savings in the event you have to pay the higher deductible.
The illustration below illustrates how your choice of deductibles and can increase or decrease Mazda 6 premium costs for different categories of driver ages. The premiums are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
Difference between liability only and full coverage rates
The example below compares Mazda 6 insurance costs when comparing full coverage to liability only. The prices are based on no violations or claims, $100 deductibles, drivers are single, and no other discounts are factored in.
Should you pay for full coverage?
There is no definitive formula to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Mazda 6 settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after paying your deductible. If you are paying in excess of $300 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some scenarios where only buying liability is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage.
Six factors that impact insurance premiums
It’s important that you understand the rating factors that are used to determine your premiums. When you understand what determines premiums, this empowers consumers to make smart changes that could result in lower insurance prices.
The following are some of the factors utilized by car insurance companies to help set your premiums.
- No insurance claims equals cheaper prices – If you frequently file small claims, don’t be surprised to see much higher rates or policy non-renewal. Car insurance companies in Indiana give cheaper rates to drivers who only file infrequent claims. Your insurance policy is meant to be used in the event of larger claims.
- Employer impacts rates – Occupational choices like lawyers, social workers, and dentists usually pay higher premium rates because of intense work situations and long work days. Conversely, occupations such as professors, engineers and retirees get better rates.
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Male prices may be higher – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that females are better at driving than males. Men and women have auto accidents at a similar rate, but males cause more damage. In addition to higher claims, males also get higher numbers of serious violations like DUI and reckless driving. Young men ages 16 to 20 are most likely to cause an accident so it costs more to insure them.
The illustration below visualizes the comparison of Mazda 6 car insurance rates for male and female drivers. The information is based on no claims, a clean driving record, full physical damage coverage, $100 deductibles, single status, and no discounts are taken into consideration.
- Premiums impacted by your city – Residing in a rural area is a good thing when insuring your vehicles. Less people means reduced accidents and lower theft and vandalism rates. Drivers who live in large Indiana cities have to deal with more traffic problems and more severe claims. More time on the road means more chances of being involved in an auto accident.
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Bad drivers pay high rates – How you drive impacts premiums far more than you think. Careful drivers pay lower auto insurance prices compared to bad drivers. Even one speeding ticket can bump up the cost by twenty percent. Drivers who have received severe violations such as reckless driving or DUI may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state in order to prevent their license from being revoked.
The information below illustrates how traffic citations and accident claims can drive up Mazda 6 annual premium costs for each different age group. The information is based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied.
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The type of vehicle makes a difference – The make and model of the vehicle you are insuring makes a substantial difference in your car insurance bill. The lowest base rates will generally be found on lower performance four cylinder passenger models, but other factors influence the final cost greatly.
The following chart assumes a single male driver age 40, full coverage with $100 deductibles, and no discounts or violations. The chart compares Mazda 6 insurance premiums compared to other vehicles that have different performances.
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Mazda 6 insurance loss data – Car insurance companies use data from past claims when setting premium rates. Vehicles that the data shows to have higher claim amounts or frequency will have a higher premium rate.
The next table illustrates the loss history for Mazda 6 vehicles. For each policy coverage type, the claim probability for all vehicles averaged together is equal to 100. Numbers shown that are under 100 indicate a favorable loss history, while values that are 100 or greater indicate frequent claims or a tendency for claims to be larger.
Insurance Loss Ratings for Mazda 6 Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mazda 6 99 92 112 94 98 94 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Discounts for cheaper auto insurance quotes
Not many people think insurance is cheap, but there’s a good chance there are discounts that many consumers don’t even know exist. Some discounts will apply when you purchase, but lesser-known reductions have to be manually applied prior to receiving the credit. If you check and find you aren’t receiving every discount available, you are paying more than you should be.
- Discount for Multiple Policies – If you insure your home and vehicles and insure them both with the same insurance company you may earn over 10 percent off each policy depending on the company.
- 55 and Retired – Drivers that qualify as senior citizens could receive better auto insurance rates.
- Discount for Life Insurance – Insurance companies who offer life insurance give a lower auto insurance rate if you buy a life insurance policy as well.
- Anti-theft System – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen so companies will give you a small discount.
- Telematics Data Discounts – Policyholders that allow their company to look at driving habits by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if their driving habits are good.
- Sign Online – A few larger companies will give you a small discount shop Indianapolis auto insurance on their website.
- Discount for Passive Restraints – Options like air bags or motorized seat belts may qualify for discounts as much as 30%.
- Accident Free – Insureds who avoid accidents and claims can save substantially in comparison to insureds who have frequent claims or accidents.
- Safety Restraint Discount – Drivers who require all occupants to use a seat belt can save a little off the PIP or medical payment premium.
Please keep in mind that most credits do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comp or med pay. If you do the math and it seems like you can get free auto insurance, auto insurance companies aren’t that generous.
The chart below compares Mazda 6 yearly insurance costs with and without discounts being applied to the rates. The premiums are based on a male driver, no claims, a clean driving record, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, marriage, multi-policy, and safe-driver discounts applied.
Some of the insurance companies that may offer quotes with most of these discounts may include but are not limited to:
If you want the cheapest Mazda 6 rate quotes, ask each insurance company the best way to save money. Some of the earlier mentioned discounts may not apply to policyholders in your area. To locate insurance companies with the best Mazda 6 insurance discounts in Indianapolis, click this link.
Local Indianapolis insurance agents
Many people still like to talk to a local agent and we recommend doing that A nice benefit of getting online price quotes is you can get lower auto insurance rates but also keep your business local.
To help locate an agent, after submitting this simple form, your coverage information is transmitted to participating agents in Indianapolis who will give competitive quotes for your insurance coverage. There is no need to contact any agents because prices are sent to the email address you provide. You can find better rates without requiring a lot of work. If you wish to quote rates from a specific car insurance provider, you just need to navigate to their website and complete a quote there.
Deciding on an provider should include more criteria than just a cheap price quote. Here are some questions you should ask.
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Is the agency covered by Errors and Omissions coverage?
- Are there any discounts that you might be missing?
- What are the financial ratings for the companies they represent?
- Which companies can they place coverage with?
If you’re trying to find a reputable insurance agent or broker, you must know there are a couple different types of agents and how they differ in how they quote coverages. Car insurance agents in Indianapolis can be classified as either exclusive or independent.
Exclusive Car Insurance Agencies
Agents that elect to be exclusive work for only one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. Exclusive agencies receive a lot of sales training on the products they sell which helps them sell insurance even at higher premiums. A lot of people buy from exclusive agents partially due to high brand loyalty rather than having the cheapest rates.
Listed below is a short list of exclusive agencies in Indianapolis that are able to give comparison quotes.
- Brandon Libunao – State Farm Insurance Agent
1014 Prospect St – Indianapolis, IN 46203 – (317) 783-3391 – View Map - Bill Hill – State Farm Insurance Agent
7423 E 82nd St – Indianapolis, IN 46256 – (317) 849-4119 – View Map - Norm Street – State Farm Insurance Agent
8610 E Washington St – Indianapolis, IN 46219 – (317) 898-2626 – View Map
Independent Car Insurance Agencies
These type of agents do not write with just one company and that enables them to quote your coverage amongst many companies and find the cheapest rate. If premiums increase, an independent agent can move your coverage which requires no work on your part. When comparing car insurance rates, you definitely need to include a few independent agents to have the most options to choose from. Many independent agencies also insure through companies that do not advertise much which may provide better rates.
Listed below is a list of independent agents in Indianapolis willing to provide comparison quotes.
- Summit Insurance Agency Inc
9302 N Meridian St #297 – Indianapolis, IN 46260 – (317) 844-4701 – View Map - Skaggs Insurance Agencies Inc
5519 E 82nd St e – Indianapolis, IN 46250 – (317) 841-6000 – View Map - Owens Insurance Agency
N Alabama St #350 – Indianapolis, IN 46204 – (317) 572-8080 – View Map
Insurance agents can help
Always keep in mind that when comparing the right insurance coverage for your vehicles, there is no “perfect” insurance plan. Your situation is unique and your insurance should be unique as well.
For example, these questions might point out whether or not you would benefit from professional advice.
- What vehicles should carry emergency assistance coverage?
- What companies insure drivers after a DUI or DWI?
- I have health insurance so do I need medical payments coverage?
- When should I buy a commercial auto policy?
- Is water damage covered by my policy?
- Is rental equipment covered for theft or damage?
- Am I covered while delivering pizza?
- Can my babysitter drive my car?
- Should I waive the damage coverage when renting a car?
- Can I afford to buy a different vehicle if my Mazda 6 is totaled?
If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.
Lower rates by being persistent
When getting Indianapolis auto insurance quotes online, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where drivers have reduced liability coverage limits only to find out that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at the lowest possible cost.
Throughout this article, we presented a lot of information how to reduce Mazda 6 insurance prices online in Indianapolis. The most important thing to understand is the more quotes you get, the better your chances of lowering your rates. Consumers may even find the best prices are with some of the lesser-known companies. Regional companies often have lower rates on specific markets as compared to the big name companies such as Progressive and GEICO.
To learn more, link through to the articles below:
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- How Much are Auto Insurance Quotes for High Risk Drivers in Indianapolis? (FAQ)
- Who Has Cheap Auto Insurance for Uninsured Drivers in Indianapolis? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- Credit and Insurance Scores (Insurance Information Institute)
- Insuring a Leased Car (Insurance Information Institute)