Mazda Tribute Insurance Rates in Lexington

Insurance for Mazda TributeThe best way we recommend to get low-cost Mazda Tribute insurance in Lexington is to make a habit of comparing prices annually from insurers that insure vehicles in Kentucky. Rate comparisons can be done by following these guidelines.

First, take a little time to learn about how insurance works and the measures you can take to prevent expensive coverage. Many policy risk factors that drive up the price such as traffic violations, accidents, and an unfavorable credit rating can be controlled by making minor changes to your lifestyle.

Second, get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO and Allstate, while independent agents can quote rates for a wide range of companies. Get quotes now

Third, compare the price quotes to the premium of your current policy and determine if cheaper Tribute coverage is available. If you find a better price and change companies, verify that coverage does not lapse between policies.

Fourth, notify your agent or company to cancel your existing policy and submit payment and a completed application to the new company. As soon as you can, place your new proof of insurance paperwork somewhere easily accessible.

The key thing to know about shopping around is to make sure you enter identical coverage information on each quote and and to look at every insurance company. This ensures an apples-to-apples comparison and the best price selection.

Surprisingly, a recent survey revealed that nearly 70% of customers kept buying from the same company for a minimum of four years, and nearly half have never taken the time to shop around. U.S. drivers could save themselves about $850 a year just by getting comparison quotes, but they don’t understand how simple it is to shop their coverage around.

Finding cheap Mazda Tribute insurance rates is pretty simple and can save money. Drivers just need to take the time getting comparison quotes to find out which insurance company has cheaper Lexington car insurance quotes.

It’s so easy to compare quotes online that it replaces the need to drive around to and from local Lexington insurance agencies. Comparing Mazda Tribute insurance rates online eliminates the middleman unless you’re the type of person who wants the peace of mind of a local Lexington agent. Some companies do allow you to obtain prices from the web but purchase the actual policy in an agency.

The providers in the list below provide price quotes in Lexington, KY. If multiple companies are listed, it’s highly recommended you compare several of them to find the most affordable car insurance rates.

Analysis of coverages

The rate information displayed next covers estimates of insurance rates for Mazda Tribute models. Understanding more about how auto insurance premiums are formulated can benefit drivers when making decisions on which coverage to buy.

Mazda Tribute Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tribute I Sport 2WD $178 $342 $278 $16 $84 $898 $75
Tribute I Sport 4WD $178 $342 $278 $16 $84 $898 $75
Tribute I Touring 2WD $178 $342 $278 $16 $84 $898 $75
Tribute I Grand Touring 2WD $206 $342 $278 $16 $84 $926 $77
Tribute I Touring 4WD $206 $342 $278 $16 $84 $926 $77
Tribute I Grand Touring 4WD $206 $404 $278 $16 $84 $988 $82
Tribute S Grand Touring 2WD $206 $404 $278 $16 $84 $988 $82
Tribute S Grand Touring 4WD $206 $404 $278 $16 $84 $988 $82
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Information does not factor in specific location which can influence coverage prices greatly.

Can higher deductibles save money?

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The comparison tables below may help to conceptualize the rate differences when you buy lower versus higher coverage deductibles. The first data set uses a $250 deductible and the second price grid uses a $1,000 deductible.

Mazda Tribute insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tribute I Sport 2WD $220 $426 $278 $16 $84 $1,049 $87
Tribute I Sport 4WD $220 $426 $278 $16 $84 $1,049 $87
Tribute I Touring 2WD $220 $426 $278 $16 $84 $1,049 $87
Tribute I Grand Touring 2WD $252 $426 $278 $16 $84 $1,081 $90
Tribute I Touring 4WD $252 $426 $278 $16 $84 $1,081 $90
Tribute I Grand Touring 4WD $252 $500 $278 $16 $84 $1,155 $96
Tribute S Grand Touring 2WD $252 $500 $278 $16 $84 $1,155 $96
Tribute S Grand Touring 4WD $252 $500 $278 $16 $84 $1,155 $96
Get Your Own Custom Quote Go

Mazda Tribute insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tribute I Sport 2WD $136 $268 $278 $16 $84 $782 $65
Tribute I Sport 4WD $136 $268 $278 $16 $84 $782 $65
Tribute I Touring 2WD $136 $268 $278 $16 $84 $782 $65
Tribute I Grand Touring 2WD $156 $268 $278 $16 $84 $802 $67
Tribute I Touring 4WD $156 $268 $278 $16 $84 $802 $67
Tribute I Grand Touring 4WD $156 $316 $278 $16 $84 $850 $71
Tribute S Grand Touring 2WD $156 $316 $278 $16 $84 $850 $71
Tribute S Grand Touring 4WD $156 $316 $278 $16 $84 $850 $71
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Prices do not factor in your specific Lexington location which can revise premium rates significantly.

We can estimate from the data above that using a $250 deductible costs approximately $23 more each month or $276 every year than quoting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 33 months between claims, you would most likely save money going with the higher deductible. Below is the way we made this calculation.

Average monthly premium for $250 deductibles: $91
Average monthly premium for $1,000 deductibles (subtract): – $68
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

One important caveat is that raising deductibles to get cheaper rates means you will have to pay more of your own money when you have a comprehensive or collision claim. You need to have some money saved in the event you have to pay the higher deductible.

The information below shows how different deductible levels and can change Mazda Tribute insurance costs for different age groups. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Rate increases following a ticket or accident

The diagram below shows how traffic citations and at-fault collisions influence Mazda Tribute insurance prices for each different age category. The data assumes a single male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Insurance premiums by gender

The information below compares Mazda Tribute insurance premiums for male and female drivers. Data assumes no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Does it make sense to buy full coverage?

The chart below illustrates the difference between Mazda Tribute premium costs when comparing full coverage to liability only. The rate quotes are based on no claims or violations, $500 deductibles, single status, and no additional discounts are factored in.

When to stop buying physical damage coverage

There is no exact formula of when to stop paying for physical damage insurance, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s pretend your Mazda Tribute settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some scenarios where eliminating full coverage is not advised. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not remove full coverage.

Car insurance policy discounts for Mazda Tribute insurance in Lexington

Some companies do not advertise every possible discount in a way that’s easy to find, so the list below contains both the well known and also the lesser-known credits available to bring down your rates.Save money with discounts

It’s important to note that most discounts do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. Even though it appears you can get free auto insurance, you aren’t that lucky. But any discount will help reduce your policy cost.

The information below illustrates the difference between Mazda Tribute auto insurance costs with and without discounts applied. The premiums assume a male driver, no accidents or driving violations, Kentucky state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, multi-policy, safe-driver, and multi-car discounts applied.

A few popular companies and their possible discounts are shown below.

If you are trying to find the cheapest Mazda Tribute rate quotes, ask each company or agent how many discounts you can get. Depending on the company, some discounts might not be offered in every state. To locate insurance companies who offer online Mazda Tribute insurance quotes in Kentucky, follow this link.

Protect more than your Tribute

Despite the potentially high cost of Mazda Tribute insurance, insuring your vehicle serves several important purposes.

The benefits of insuring your car are without a doubt worth the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver overpays as much as $800 each year so shop around at every renewal to be sure current rates are still competitive.

Tailor your auto insurance coverage to you

When it comes to buying adequate coverage for your personal vehicles, there is no one-size-fits-all type of policy. Each situation is unique.Safe vehicles cost less to insure

For instance, these questions may help you determine whether you might need professional guidance.

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Compare rates but buy from a local neighborhood Lexington car insurance agent

A lot of people still prefer to sit down and talk to an agent and there is nothing wrong with that. Professional agents are trained risk managers and give you someone to call. One of the benefits of price shopping on the web is you can get cheap auto insurance rates but also keep your business local.

Lexington insurance agentsTo find an agent, once you fill out this simple form, the quote information is transmitted to local insurance agents in Lexington that can give you free Lexington car insurance quotes to get your business. It’s much easier because you don’t need to contact any agents since rate quotes are delivered immediately to your email address. If you have a need to compare prices from a specific auto insurance provider, you can always navigate to their website and fill out the quote form the provide.

Picking the best company requires you to look at more than just a cheap price. Any agent in Lexington should be willing to answer these questions.

Different types of Lexington auto insurance agents

If you prefer to buy auto insurance from an insurance agent, it’s helpful to know the different types of agents and how they are distinctly different. Auto insurance agents in Lexington can be described as either independent or exclusive. Either one can write auto insurance policies, but it’s worth mentioning why they differ because it can influence your agent selection.

Exclusive Auto Insurance Agencies

Exclusive insurance agents work for only one company and examples are Allstate, State Farm and Farm Bureau. These agents are not able to compare other company’s rates so always compare other rates. These agents are usually quite knowledgeable on what they offer which helps them sell on service rather than price.

Below is a list of exclusive agencies in Lexington who may provide you with rate quotes.

3101 Richmond Rd #311aLexington, KY 40509(859) 488-2531View Map

1795 Alysheba Way #2104Lexington, KY 40509(859) 264-4422View Map

125 Towne Center Dr #125Lexington, KY 40511(859) 266-2121View Map

More Lexington agents

Independent Agents

Agents that choose to be independent do not work for one specific company so as a result can place your coverage through many different auto insurance companies and help determine which has the cheapest rates. If you are not satisfied with one company, your policy is moved internally without you having to go to a different agency.

If you are trying to find cheaper rates, we recommend you include a few independent agents to get the most accurate price comparison.

Shown below is a list of independent agencies in Lexington that are able to give comparison quotes.

80 Codell Dr #120Lexington, KY 40509(859) 263-5840View Map

1500 Leestown Rd #160Lexington, KY 40511(859) 412-4636View Map

Triad Insurance Agency, Inc.
1216 S BroadwayLexington, KY 40504(859) 255-0806View Map

More Lexington agents

After receiving satisfactory answers to these questions and an affordable coverage quote, you may have just found an auto insurance agent that can be relied on to insure your vehicles.