Paying for expensive Mazda RX-7 insurance can consume your checking account and force you to cut corners elsewhere. Multiple insurers compete for your business, so it can be very hard to choose a insurer to get the best price available.
It’s a good idea to take a look at other company’s rates every six months due to the fact that insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best quotes for RX-7 coverage two years ago you can probably find a better rate now. Don’t believe everything you read about car insurance out there, but you can learn some great ideas on how to stop overpaying for insurance.
The best way to compare rates is to take advantage of the fact car insurance companies participate in online systems to give you rate quotes. The only thing you need to do is give the companies some data such as how many miles driven, whether you drive to work or school, whether your vehicle is owned or leased, and the year, make and model of vehicles. Your rating data is instantly provided to many of the top insurers and they return rate quotes with very little delay.
Some insurers don’t always advertise all possible discounts very well, so the below list has some of the best known as well as some of the hidden discounts that you may qualify for.
One thing to note about discounts is that most discounts do not apply the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. Just because it seems like all those discounts means the company will pay you, companies don’t profit that way. Any amount of discount will definitely reduce your policy cost.
A list of companies and some of the premium reductions they offer include:
If you need affordable auto insurance quotes, ask all companies you are considering the best way to save money. Some of the earlier mentioned discounts might not be offered in your area. If you would like to choose from a list of companies who offer auto insurance discounts, click here.
When buying proper insurance coverage, there isn’t really a “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions may help highlight if your situation may require specific advice.
If you can’t answer these questions then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Understanding the coverages of insurance can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average insurance policy.
Comprehensive or Other Than Collision – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like rock chips in glass, theft, hail damage, fire damage and hitting a deer. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Collision – This coverage will pay to fix damage to your RX-7 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as rolling your car, crashing into a ditch, colliding with a tree and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.
UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your Mazda RX-7.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Liability – Liability insurance can cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.
Liability coverage pays for things like repair costs for stationary objects, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but buy higher limits if possible.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as prosthetic devices, rehabilitation expenses and pain medications. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage