My Mazda6 2007

[Zaitsevs]

I love the car, it's a great ride with nice extra features that I enjoy. But my problem is that it made my insurance go up about 100 dollars, ( My insurance agency told me it would only increase about 20, but I just was charged my new premium at this rate..already argued with them, won't change. ) Anyway, I like the car, but it is costing me a lot more than my last car with monthly payments, insurance, and it is a V6 which swallows a whole lot more gas.



I don't understand how trading cars works when you currently have a loan on your vehicle..


If I were to trade for something of lesser value, how would that work? I owe 8.5 grand on my mazda, and say I wanted a car that's worth..6-7 grand? Cheap honda civic with 60-70k on it.


How would that work out? Would I come out without owing much?

My car:

2007 Mazda6 Value Sport Edition
50500 miles
3.0 V6

 

[zoiks]

Change your insurance provider. I have a 2005 Mazda6 and I pay 972 for 2 cars (including an old 240SX). My Mazda6 has full coverage with a $200 deductible which I think is fairly low.

 

[JDub02]

$100 a month or a year? I can't see it would be a year because if $8.33 a month difference kills your budget, you have way bigger problems. And I can't see per month either because there's no way a Mazda6 would make insurance go up $1200/year.

My Mazda6 V6 averages 24 mpg mix and 29-30 highway. Not bad fuel economy, if you ask me. Certainly not bad enough to trade it at $1.49/gallon.

 

[Dman877]

Insurance rates make no sense to me either. I just switched from an 04 TSX to an 09 WRX and my rate went down about $10 per month for the same coverage. I think Honda's get stolen a lot so maybe the rates are higher. Stay away from Civics for that reason.

 

[MDE]

My insurance went up going from an 08 Civic to an 08 Mazda 3. I'm not sure how they figured that.

 

[PlasmaBomb]

More details plz.

You did 50000 miles in a year??

 

[sdifox]

Originally posted by: PlasmaBomb
More details plz.

You did 50000 miles in a year??

I wonder why his insurance is so expensive, maybe his insurer assumed he lives in the car too!

 

[MadScientist]

I think most of us know the factors that determine how much car insurance costs. For the OP's car looks like number 2 and 5 apply.

1. Your driving record.
The better your record, the lower your premium. If you've had accidents or serious traffic violations, you will pay more than if you have a clean driving record. You may also pay more if you haven't been insured for a number of years.

2. The number of miles you drive each year.
The more miles you drive, the more chance for accidents. If you drive a lower than average number of miles per year, less than 10,000, you will pay less. For instance, some companies will give discounts to policyholders who carpool.

3. Where you live.
Insurance companies look at local trends, such as the number of accidents, car thefts and lawsuits, as well as the cost of medical care and car repair.

4. Your age.
In general, mature drivers have fewer accidents than less experienced drivers, particularly teenagers. So insurers generally charge more if teenagers or young people below age 25 drive your car.

5. The car you drive.
Some cars cost more to insure than others. Variables include the likelihood of theft, the cost of the car, the cost of repairs, and the overall safety record of the car.

6. The amount of coverage.
Of course, like anything else, the more coverage you have, the more you pay. However, you may qualify for discounts.