2005 Mazda RX-8 Insurance Cost

Looking for lower auto insurance rates? Shoppers have many options when shopping for affordable Mazda RX-8 insurance. They can either spend hours calling around to get rate comparisons or utilize the internet to compare rates. There is a right way and a wrong way to find auto insurance online and we’ll show you the proper way to compare rates on a Mazda and obtain the lowest price.

Finding car insurance

All the larger car insurance companies such as 21st Century, Allstate and State Farm give coverage price quotes on the web. Doing online price comparisons can be done by anyone as you simply enter the amount of coverage you want as requested by the quote form. Once you submit the form, their quoting system sends out for credit information and your driving record and gives you a price quote based on these factors.

Online price quotes simplifies rate comparisons, but the time it takes to visit many different websites and type in the same information is a waste of time. But it’s very important to compare as many rates as possible if you want to find the lowest price.

The quickest way to find cheaper rates makes use of a single form to get prices from several companies at one time. The form is fast, helps eliminate reptitive entry, and makes price shopping online much more enjoyable and efficient. Once the form is submitted, it is quoted and you are able to buy any of the price quotes you receive. If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. It only takes a few minutes and may save quite a bit of money.

If you want to compare pricing, simply click here to open in new window and complete the simple form. If you have your current policy handy, we recommend you input deductibles and limits as shown on your current policy. This way, you will have rate comparison quotes for the exact same coverage.

Don’t miss with these discounts

Insurance can cost an arm and a leg, but there may be some discounts that can help lower your rates. A few discounts will automatically apply at the time of purchase, but a few must be asked about before you get the savings.

  • Driver Education Discount – Have your child successfully complete driver’s ed class as it will make them better drivers and lower rates.
  • Discount for Passive Restraints – Cars that have air bags may earn rate discounts of up to 25% or more.
  • Multiple Vehicles – Insuring more than one vehicle on one policy may reduce the rate for each vehicle.
  • Active Military Service – Being on active deployment in the military could mean lower rates.
  • First Accident Forgiveness – Not really a discount, but companies like Allstate and Progressive will allow you to have one accident before your rates go up with the catch being you have to be claim-free for a particular time prior to the accident.
  • Distant Student Discount – Older children who are enrolled in higher education away from home and leave their car at home may be insured at a cheaper rate.
  • Student Discounts – Excelling in school could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
  • Bundled Policy Discount – If you can bundle your home and auto insurance and insure them with the same company you could get a discount of up to 20% and get you low cost insurance.
  • Multi-line Discount – Not all insurance companies offer life insurance, but some may give you a break if you buy some life insurance too.
  • Early Switch Discount – Some insurance companies reward drivers for renewing your policy prior to the expiration date on your current policy. The savings is around 10%.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to your bottom line cost. A few only apply to individual premiums such as comprehensive or collision. Despite the fact that it seems like it’s possible to get free car insurance, you won’t be that lucky.

Popular insurance companies and some of their more popular discounts are outlined below.

  • American Family offers discounts for TimeAway discount, good student, multi-vehicle, good driver, and air bags.
  • Farm Bureau offers premium reductions for safe driver, renewal discount, youthful driver, good student, multi-policy, and multi-vehicle.
  • State Farm discounts include anti-theft, good student, good driver, accident-free, safe vehicle, multiple policy, and Steer Clear safe driver discount.
  • Travelers may offer discounts for IntelliDrive, payment discounts, continuous insurance, save driver, multi-policy, and multi-car.
  • The Hartford offers discounts including defensive driver, air bag, good student, driver training, and vehicle fuel type.
  • GEICO may include discounts for membership and employees, emergency military deployment, driver training, air bags, anti-theft, and multi-vehicle.
  • Progressive may have discounts that include homeowner, online quote discount, multi-vehicle, good student, continuous coverage, and online signing.

When getting a coverage quote, ask all the companies which discounts they offer. Discounts might not be available to policyholders in your area.

Your situation helps dictate your coverage

When choosing the right insurance coverage, there is no one size fits all plan. Everyone’s needs are different.

For instance, these questions might help in determining if your situation could use an agent’s help.

  • Am I covered when using my vehicle for business?
  • When would I need additional glass coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I need rental car coverage?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Where can I find DUI or SR-22 insurance?
  • Does my insurance cover a custom paint job?
  • What is high-risk coverage and where do I buy it?
  • Am I covered if my car is in a flood?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form. It is quick, free and may give you better protection.

Auto insurance 101

Understanding the coverages of insurance can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from flooding, fire damage, hail damage and damage from a tornado or hurricane. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for chiropractic care, nursing services, surgery, hospital visits and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Collision protection

This coverage covers damage to your RX-8 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like driving through your garage door, sideswiping another vehicle, colliding with another moving vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Mazda RX-8.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for liability

Liability insurance provides protection from damage that occurs to other people or property in an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like bail bonds, funeral expenses, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible.