Since 2004, the Mazda 3 has become one of the most popular compact sedans on the market. As such, it is no surprise that one of the questions we get asked the most is, “How much would car insurance cost for a Mazda 3?”
Below, our experts will outline everything you need to know about insuring your Mazda 3.
If you would like to skip ahead and start shopping for coverage right now, we can help with that, too. Take our rate comparison tool for a test drive. All you need to do is enter your zip code in the box above to get started. You will receive multiple free quotes from top companies that were closely reviewed by our experts.
How Much is Car Insurance for a Mazda 3?
There are many factors that influence the cost of your insurance policy. Other than your personal driving history, where you live is perhaps the most important thing that insurance companies review when setting your rates.
In 2018, the average annual cost of a car insurance policy was $1,056.55. This number is the average obtained using data from all 50 states. However, rates vary greatly from state to state.
For example, in that same year (2018), Louisiana was the most expensive state for insurance. On average, drivers had to pay roughly $1,545.82 to insure their vehicles in the state. Michigan, D.C., Florida and New York rounded out the top 5 most expensive states.
In comparison, North Dakota was the cheapest state for auto insurance in 2018. The annual average expenditure for drivers in the state that year was $686.08. Maine, Iowa, South Dakota and Idaho were in the bottom 5 in terms of auto insurance costs.
Now for the answer you have been waiting for: How much would car insurance cost for a Mazda 3? Unfortunately, the average cost in any state tends to be on the high side of the spectrum. In fact, a 2018 Mazda 3 costs approximately $1,374 in annual insurance premiums, which is over $300 higher than the national average.
Is It Expensive to Insure a Mazda 3?
You may be shocked to learn that the average cost of car insurance on a Mazda 3 is higher than the national average. While the vehicle gets great gas mileage and scores highly during crash testing, it is considered to be a sports car by some car insurance companies. Sports cars are at a higher risk of being involved in an at-fault crash, which means they are more costly to insure.
Mazda 3s are not the only sporty sedan that gets a raw deal in terms of insurance premium costs. Similar vehicles, such as the Kia Forte, also tend to have higher rates. The average annual cost of insuring a Kia Forte is approximately $1,352 per year. Owners of Hyundai Elantras experience a similar price disparity.
What Factors Impact the Cost of Mazda 3 Auto Insurance?
When a company is setting insurance rates for your Mazda 3, it will conduct a risk assessment. During this process, insurance companies look at a variety of factors. Where you live, what type of car you drive and whether you are married or not can all come into play.
Certain factors have a larger impact than others. While having a poor credit score can certainly increase your rates, it will not impact your rates as much as being convicted of a DUI would.
Some of the most important factors that impact the cost of your auto insurance include:
Age of the Vehicle
Older vehicles may lack modern safety features, which can drive rates up. However, having a vehicle that is paid off will allow you to get cheaper coverage. If you are still paying for a vehicle, many states require you to have full coverage insurance, which is more costly than just having injury liability coverage.
Driver Age
Young drivers are considered to be high risk by insurance companies. Males between the ages of 16 to 24 are considered especially risky to insure. As a result, these drivers typically have the highest Mazda 3 insurance rates.
Driver Location
Where you live plays a huge role in your premium rates. If you live in a densely populated city in southern California, then your chances of being involved in an accident are higher. On the other hand, if you live in more sparsely populated rural Montana, then you may enjoy cheaper rates.
Your Driving Record
It is essential that you keep your driving record clean. This is because traffic infractions and at-fault crashes with property damage will remain on your record for several years, and drivers with a history of poor habits behind the wheel will often experience much higher car insurance rates.
How Mazda 3 Safety Features Affect Auto Insurance Rates
When setting insurance rates, providers conduct a thorough risk assessment. As part of this process, these companies analyze what are known as IIHS safety ratings. The Insurance Institute for Highway Safety provides crash test ratings that insurance companies use to set rates.
Fortunately for Mazda 3 owners, the 2021 is an IIHS Top Safety Pick. The 2021 Mazda 3 scored well in every major category during crash testing. This means that it has many of the safety features that insurers look for when assessing risk.
Mazda 3 Safety Features
The more safety features that your Mazda 3 has, the better. Insurance companies look for common safety features such as:
- Airbags
- Anti-lock brakes
- Anti-theft systems
- Seatbelt pretensioners
- Stability control
The latest Mazda 3s also have some sought-after safety enhancements, like lane departure warnings, rearview cameras and automatic emergency braking. When you’re applying for coverage, make sure to list all of the safety features that your vehicle is equipped with.
How to Save Money on Mazda 3 Auto Insurance
There are several ways to save money on your Mazda 3 auto insurance. The best approach is to shop around and obtain multiple quotes. Doing so can save you hundreds of dollars and ensure that you get a great deal.
In addition, you should ask about the discounts that a provider offers. The more discounts that you qualify for, the less you will end up paying for auto insurance.
Some common cost-saving options include multi-policy discounts (bundling homeowners and car insurance), multi-driver discounts, good student discounts and safe driver discounts.
Our Recommendations for Auto Insurance
Now that you know what to expect when shopping for Mazda 3 car insurance, it is time to help you find a great policy. If you would like to start comparing car insurance quotes right now, you can use our rate comparison tool below. Simply enter your zip code to obtain the best rates from top companies like USAA, Allstate, GEICO and State Farm.
You can also find out what our experts had to say about a few of these top companies by reading our synopsis below.
GEICO: Best Overall
Our experts named GEICO as the “Best Overall” insurance provider. The company earned a score of 9.1 out of 10.0, which set it above every other provider that we reviewed.
GEICO is known for having excellent customer service and great rates, which means it may be the perfect option when you want to insure your Mazda 3.
GEICO also has numerous discounts available. Whether you need a comprehensive policy or basic liability coverage, it is worth checking out this great company.
State Farm: Best Student Discounts
The Mazda 3 is an affordable and reliable daily driver. As such, it is incredibly popular with teens and college students. If you need car insurance for teens, then State Farm may be the best option.
Our experts awarded State Farm a cumulative score of 9.1 out of 10.0 and gave it the “Best Student Discounts” designation. State Farm has great rates, good grade discounts and flexible coverage options. It even offers rideshare insurance, which is vital if you drive for a company like Uber Eats or Postmates.
FAQ: How Much Would Car Insurance Cost for a Mazda 3?
Is a Mazda 3 expensive to insure?
A Mazda 3 is considered to be a sports car by some companies, which can drive up the cost of coverage. For example, the average cost of insuring a 2020 Mazda 3 is about $1,400 per year, which is above the national average of $1,056.55.
Is the Mazda 3 fuel efficient?
The latest version of the Mazda 3 is very fuel efficient. The standard model gets an estimated 36 MPG highway, which is above average. However, some older models may not fare quite as well.
Does the Mazda 3 hold its value?
The Mazda 3 has good resale value in the first five years. However, Mazda vehicles that are more than five years old tend to drop dramatically in terms of resale value. For this reason, if you are looking to move on from your Mazda 3, consider selling it before it ages too much.
Do Mazdas have high insurance rates?
Some Mazda models are considered to be sports cars. These models will cause your insurance premiums to rise. However, most Mazda cars have good safety ratings and plenty of features that can help keep rates down.
Methodology
The Detroit Bureau collects data from every major car insurance provider to formulate rankings of the best insurers. Our in-depth rating system takes into account market share, coverage, auto insurance rate estimates generated by Quadrant Information Services, customer satisfaction and ratings from industry experts. Each insurer is given a weighted score in four categories, as well as an overall score out of 10.0.
We recommend auto insurance companies based on these rankings, but we also encourage you to perform your own research and compare quotes to find the best coverage.
