It takes a little time, but the best way to find lower priced Mazda 3 insurance in New Orleans is to regularly compare price quotes from different companies who sell auto insurance in Louisiana. Price quotes can be compared by completing these steps.
- First, gain an understanding of how car insurance works and the things you can control to keep rates low. Many rating factors that cause rate increases such as traffic citations and a poor credit score can be remedied by improving your driving habits or financial responsibility.
- Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Allstate, while independent agents can quote rates from multiple sources.
- Third, compare the quotes to your current policy premium to determine if you can save on 3 insurance. If you can save money and change companies, ensure there is no coverage lapse between policies.
- Fourth, give notification to your current company of your intention to cancel your current auto insurance policy. Submit any necessary down payment along with the completed application to the newly selected company. Once coverage is bound, keep your new proof of insurance paperwork with your registration paperwork.
One thing to point out is that you’ll want to make sure you compare similar limits and deductibles on every quote and and to get prices from as many car insurance companies as possible. This ensures a level playing field and plenty of rates choose from.
It’s an obvious conclusion that auto insurance companies don’t want you to look for cheaper rates. Drivers who shop around at least once a year will most likely buy a new policy because there is a high probability of finding a cheaper policy. A study showed that drivers who regularly shopped around saved as much as $850 each year compared to other drivers who never compared prices.
If finding the cheapest rates on auto insurance is your ultimate goal, then having some insight into how to get price quotes and compare insurance rates can save time, money, and frustration.
The quickest method to compare policy rates for Mazda 3 insurance in New Orleans is to take advantage of the fact most of the larger companies provide online access to compare their rates. The one thing you need to do is provide a small amount of information such as the make and model of your vehicles, what your job is, if you’re married, and if your license is active. Your insurance information is sent automatically to multiple different insurance companies and you should receive rate quotes instantly to find the best rate.
To start a rate quote now, click here and complete the form.
The car insurance companies shown below are ready to provide free rate quotes in New Orleans, LA. If your goal is to find cheap auto insurance in New Orleans, LA, it’s highly recommended you visit two to three different companies to get a more complete price comparison.
Discounts mean cheaper rates for Mazda 3 insurance in New Orleans
Insurance is not an enjoyable expense, but you may be missing some discounts to reduce the price significantly. Some discounts will apply when you purchase, but less common discounts must be manually applied prior to getting the savings.
- Discounts for New Vehicles – Insuring a vehicle that is new can get you a discount since newer vehicles are generally safer.
- Discount for Passive Restraints – Factory options such as air bags and/or automatic seat belt systems could see savings of more than 20%.
- Defensive Driving Course – Completing a class that teaches defensive driver techniques could save 5% or more if you qualify.
- Anti-theft Discount – Cars and trucks with anti-theft systems have a lower chance of being stolen and can earn a small discount on your policy.
- Claim-Free Discount – Drivers with accident-free driving histories pay much less as opposed to frequent claim filers.
As is typical with insurance, some of the credits will not apply to the whole policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like all the discounts add up to a free policy, you won’t be that lucky.
The chart below compares Mazda 3 premium costs with and without policy discounts. The information is based on a male driver, a clean driving record, no claims, Louisiana 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 safe-driver, multi-car, claim-free, marriage, homeowner, and multi-policy discounts applied.
To view insurers with the best Mazda 3 insurance discounts in New Orleans in Louisiana, click here to view.
Data for Mazda 3 insurance
The table displayed next highlights different prices for Mazda 3 models. Learning a little about how insurance policy premiums are established is important for making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $352 | $696 | $562 | $34 | $168 | $1,812 | $151 |
| 3 I SV 4-Dr Sedan | $352 | $696 | $562 | $34 | $168 | $1,812 | $151 |
| 3 I Touring 4-Dr Sedan | $352 | $820 | $562 | $34 | $168 | $1,936 | $161 |
| 3 S Sport 4-Dr Hatchback | $398 | $820 | $562 | $34 | $168 | $1,982 | $165 |
| 3 S Sport 4-Dr Sedan | $398 | $820 | $562 | $34 | $168 | $1,982 | $165 |
| 3 S Grand Touring 4-Dr Hatchback | $398 | $820 | $562 | $34 | $168 | $1,982 | $165 |
| 3 S Grand Touring 4-Dr Sedan | $398 | $820 | $562 | $34 | $168 | $1,982 | $165 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Information does not factor in New Orleans location which can lower or raise rates considerably.
How high should deductibles be?
One common question asked by New Orleans drivers is the level to set your comp and collision deductibles. The rates shown below outline the rate difference when you choose different deductibles. The first rate table uses a $250 deductible for physical damage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $358 | $604 | $464 | $28 | $140 | $1,619 | $135 |
| 3 I SV 4-Dr Sedan | $358 | $604 | $464 | $28 | $140 | $1,619 | $135 |
| 3 I Touring 4-Dr Sedan | $358 | $712 | $464 | $28 | $140 | $1,727 | $144 |
| 3 S Sport 4-Dr Hatchback | $406 | $712 | $464 | $28 | $140 | $1,775 | $148 |
| 3 S Sport 4-Dr Sedan | $406 | $712 | $464 | $28 | $140 | $1,775 | $148 |
| 3 S Grand Touring 4-Dr Hatchback | $406 | $712 | $464 | $28 | $140 | $1,775 | $148 |
| 3 S Grand Touring 4-Dr Sedan | $406 | $712 | $464 | $28 | $140 | $1,775 | $148 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 3 I Sport 4-Dr Sedan | $292 | $488 | $464 | $28 | $140 | $1,412 | $118 |
| 3 I SV 4-Dr Sedan | $292 | $488 | $464 | $28 | $140 | $1,412 | $118 |
| 3 I Touring 4-Dr Sedan | $292 | $574 | $464 | $28 | $140 | $1,498 | $125 |
| 3 S Sport 4-Dr Hatchback | $330 | $574 | $464 | $28 | $140 | $1,536 | $128 |
| 3 S Sport 4-Dr Sedan | $330 | $574 | $464 | $28 | $140 | $1,536 | $128 |
| 3 S Grand Touring 4-Dr Hatchback | $330 | $574 | $464 | $28 | $140 | $1,536 | $128 |
| 3 S Grand Touring 4-Dr Sedan | $330 | $574 | $464 | $28 | $140 | $1,536 | $128 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price estimates do not factor in vehicle garaging location which can influence coverage rates greatly.
Based on the data above, we can derive that using a $250 deductible would cost the average driver about $19 more each month or $228 every year averaged for all 3 models than choosing the higher $500 deductible. Since you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average at least 13 months between claim filings, you would come out ahead if you choose a higher deductible.
How to determine if a higher deductible is a good idea
| Average monthly premium for $250 deductibles: | $144 |
| Average monthly premium for $500 deductibles (subtract): | – $125 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 13 months |
The illustration below highlights how deductible choice and can raise or lower Mazda 3 insurance costs for different ages of insureds. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no discounts are applied.
Rate difference between full and liability-only coverage
The diagram below shows the difference between Mazda 3 insurance premiums when comparing full coverage to liability only. The premiums assume no claims or driving violations, $100 deductibles, drivers are not married, and no policy discounts are applied.
When to stop buying full coverage
There isn’t a steadfast formula to exclude physical damage coverage, but there is a broad guideline. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s say your Mazda 3 replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after you pay the deductible. If you are paying in excess of $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some cases where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
When to contact a local insurance agent
Many drivers prefer to sit down with an agent and often times that is recommended An additional benefit of getting online price quotes is that you can find the best rates but still work with a licensed agent. And buying from local insurance agencies is important particularly in New Orleans.
Upon completion of this quick form, your insurance data is immediately sent to participating agents in New Orleans that provide free New Orleans car insurance quotes to get your business. You won’t even need to leave your house because prices are sent directly to you. You can find lower rates AND an agent nearby. If you have a need to get a rate quote for a specific company, you just need to navigate to their website to submit a rate quote request.
When researching a local agent, it’s helpful to know the different agency structures and how they can quote your rates. Auto insurance agents in New Orleans are considered either exclusive or independent.
Independent Agencies or Brokers
Agents in the independent channel are normally appointed by many insurers so they can write business with multiple insurance companies and find you cheaper rates. If premiums increase, they simply move the coverage in-house and the insured can keep the same agent.
When shopping rates, we highly recommend that you include several independent insurance agents so that you have a good selection of quotes to compare. Most independent agents also contract with smaller regional carriers which may have better rates.
Featured below is a small list of independent agents in New Orleans that can possibly get you price quotes.
- Lovecchio Insurance
1510 Robert E Lee Blvd – New Orleans, LA 70122 – (504) 284-7778 – View Map - Dan Burghardt Insurance Agency
5741 Crowder Blvd – New Orleans, LA 70127 – (504) 241-7283 – View Map - Robert Sheard Insurance
1601 Gordon St – New Orleans, LA 70117 – (504) 947-3044 – View Map
Exclusive Agencies
These type of agents write business for a single company and some examples include Allstate and State Farm. Exclusive agents cannot place coverage with different providers so keep that in mind. They are highly trained on what they offer and that allows them to sell at a higher price point. Drivers often use the same agent mostly because of high brand loyalty rather than having the cheapest rates.
Below is a list of exclusive agencies in New Orleans who can help you get comparison quotes.
- Andy Bowden – State Farm Insurance Agent
6325 Elysian Fields Ave a – New Orleans, LA 70122 – (504) 288-2219 – View Map - Derek Morel – State Farm Insurance Agent
5555 Bullard Ave #104 – New Orleans, LA 70128 – (504) 247-9241 – View Map - Manny Hidalgo – State Farm Insurance Agent
3837 MacArthur Blvd – New Orleans, LA 70114 – (504) 362-1919 – View Map
Picking the best auto insurance agent shouldn’t rely on just a cheap quote. Here are some questions to ask:
- Do you work with a CSR or direct with the agent?
- Is their price quote a firm figure or are their hidden costs?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Is every driver in your family covered?
- Are they properly licensed to sell insurance in Louisiana?
- How long has their agency been in business in New Orleans?
Do I just need basic coverages?
Always keep in mind that when comparing your policy, there isn’t really a best way to insure your cars. Your needs are unique to you so this has to be addressed.
Here are some questions about coverages that can help discover whether or not you will benefit from professional help.
- Am I insured when driving a different vehicle?
- Do I need PIP coverage since I have good health insurance?
- Why do I need rental car insurance?
- Are all vehicle passengers covered by medical payments coverage?
- I have good health insurance, so how much medical payments coverage do I need?
- Is rental equipment covered for theft or damage?
- Is my babysitter covered when using my vehicle?
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Smart Consumers Save on Insurance
Lots of things are taken into consideration when you get your auto insurance bill. A few of the factors are predictable like your driving record, but other criteria are less obvious like your vehicle usage or your vehicle rating.
Occupation stress can make you pay more – Jobs like doctors, air traffic controllers, and accountants tend to pay higher premium rates attributed to intense work requirements and lengthy work days. Conversely, professions such as actors, students and homemakers have lower than average premiums.
You might get higher prices if you are single – Having a wife or husband actually saves money when buying auto insurance. Having a spouse demonstrates that you tend to be more stable financially and it’s statistically proven that married drivers tend to have fewer serious accidents.
Alarms and GPS tracking lower prices – Owning a car with a theft deterrent system can help bring down rates. Systems that thwart thieves such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent auto theft.
Low comp and collision deductibles mean high rates – Physical damage coverage, also known as collision and other-than-collision, covers your vehicle from damage. Some coverage claims could be collision with another vehicle, hail damage, and having your car stolen. The deductibles state the amount of money you are required to pay in the event of a claim. The more money you’re willing to pay, the bigger discount you will receive.
Insurance is expensive for younger drivers – More mature drivers are viewed as being more responsible, statistically cause fewer accidents, and are safer drivers. Drivers with little experience are known to get distracted easily with other occupants in the car so they pay higher auto insurance rates.
The chart below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
Pay less with a high crash test rating – Cars with high safety ratings get lower rates. These vehicles protect occupants better and fewer injuries means your insurance company pays less passed on to you as lower rates. If your Mazda 3 is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
Insurance loss data for a Mazda 3 – Auto insurance companies take into consideration historical loss data for every vehicle when setting rates for each model. Models that tend to have higher losses will have a higher premium rate.
The table below shows the historical loss data for Mazda 3 vehicles. For each policy coverage, the claim amount for all vehicles compiled together is set at 100. Values that are below 100 are indicative of better than average losses, while numbers shown that are more than 100 indicate frequent claims or an increased likelihood of larger losses.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Mazda 3 | 99 | 104 | 96 | 106 | 110 | 103 |
| Mazda 3 Hatchback | 91 | 80 | 96 | 81 | 73 | 86 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insuring your 3 just makes sense
Even though it can be expensive, insurance may not be optional for several reasons.
- Most states have compulsory liability insurance requirements which means the state requires specific limits of liability protection in order to drive the car. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Mazda 3, it’s most likely the lender will force you to have comprehensive coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Mazda at a much higher premium rate and force you to reimburse them the higher price.
- Insurance safeguards both your vehicle and your personal assets. It will also cover medical transport and hospital expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses in the event you are sued. If you have damage to your Mazda as the result of the weather or an accident, your insurance policy will pay to have it repaired.
The benefits of buying insurance more than offset the price you pay, particularly when you have a large claim. Despite what companies tell you, the average driver overpays as much as $850 per year so it’s recommended you shop around every year to help ensure money is not being wasted.
One last note
We just showed you many tips how you can find lower-cost Mazda 3 insurance in New Orleans. The key thing to remember is the more times you quote, the better your comparison will be. You may even find the best prices are with a small local company. They can often insure niche markets at a lower cost than their larger competitors like Allstate, GEICO and Progressive.
When searching for cheaper New Orleans car insurance quotes, don’t be tempted to sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy enough coverage at the best cost but still have enough coverage for asset protection.
Even more information is available by following these links:
- Choosing a Car for Your Teen (State Farm)
- Who Has Cheap Auto Insurance for Lyft Drivers in New Orleans? (FAQ)
- Who Has Cheap New Orleans Car Insurance for a Ford Explorer? (FAQ)
- How Much is Auto Insurance for a Honda CR-V in New Orleans? (FAQ)
- What Car Insurance is Cheapest for a Nissan Altima in New Orleans? (FAQ)
- How Much is New Orleans Auto Insurance for Retired Military? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Rental Reimbursement Coverage (Allstate)
- Preventing Carjacking and Theft (Insurance Information Institute)