Are Your Mazda RX-8 Car Insurance Rates Too High?

Sick and tired of robbing Peter to pay Paul to pay your car insurance bill each month? Your situation is no different than many other consumers. Because there are so many online and local companies to choose from, it can be hard to locate the lowest price company.

It’s a great practice to price shop coverage occasionally due to the fact that insurance rates change frequently. Even if you got the lowest rates for RX-8 coverage a couple years back you will most likely find a better rate today. So forget all the misinformation about car insurance because we’re going to show you one of the best ways to save money, get proper coverage and the best rates.

The purpose of this article is to help educate you on how to get online quotes. If you currently have a car insurance policy, you will most likely be able to save some money using these methods. Consumers just need to learn the most efficient way to find the lowest price online.

Don’t overlook these discounts

Insurance can cost an arm and a leg, but companies offer discounts to help offset the cost. Some trigger automatically when you quote, but a few need to be asked about before you get the savings. If you’re not getting every credit you deserve, you’re paying more than you need to.

• Drivers Ed for Students – Have your child complete a driver education course if offered at their school.
• Life Insurance Discount – Some companies give a break if you buy life insurance.
• Low Mileage – Fewer annual miles on your Mazda can qualify you for better rates on cars that stay parked.
• Accident Free – Claim-free drivers pay much less when compared with bad drivers.
• Passive Restraints – Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
• Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off for RX-8 coverage with a few car insurance companies.
• Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
• Pay Upfront and Save – By paying your policy upfront instead of paying each month you could save up to 5%.
• Service Members Pay Less – Being deployed with a military unit could be rewarded with lower premiums.
• Multi-car Discount – Buying insurance for more than one vehicle on one policy qualifies for this discount.

It’s important to note that most credits do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. So when it seems like you would end up receiving a 100% discount, car insurance companies aren’t that generous. Any amount of discount will bring down the cost of coverage.

For a list of companies with the best car insurance discounts, click here to view.

Why your Mazda RX-8 might be costing you more

Consumers need to have an understanding of the factors that go into determining your car insurance rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that may reward you with better car insurance rates.

Listed below are a partial list of the pieces used by your company to calculate rates.

• Traffic citations inflate rates – Careful drivers tend to pay less for car insurance than people who have multiple driving citations. Only having one speeding ticket can boost insurance rates twenty percent or more. Drivers who have severe citations like reckless driving, hit and run or driving under the influence may need to submit a SR-22 form to the state department of motor vehicles in order to drive a vehicle legally.
• Lower rates with optional equipment – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping car theft.
• Liability coverage protects you – Liability coverage is the coverage that protects you when a court rules you are at fault for damages from an accident. It will provide you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
• Proper usage rating affects rates – The more miles you rack up on your Mazda each year the higher your rates will be. Most companies apply a rate determined by how the vehicle is used. Autos used primarily for pleasure use get more affordable rates compared to those used for work or business. An improperly rated RX-8 can cost quite a bit. Double check that your car insurance policy is rated on how each vehicle is driven.
• Clean credit earns discounts – Credit rating is a large factor in calculating your car insurance rates. Consumers who have high credit ratings tend to be less risk to insure as compared to drivers with lower credit scores. If your credit rating can use some improvement, you could potentially save money when insuring your Mazda RX-8 by improving your rating.
• Discounts for married couples – Getting married helps lower the price on your policy. Having a spouse usually means you are more responsible and statistics show drivers who are married are more cautious.

Is my situation unique?

When it comes to choosing adequate coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that For instance, these questions might help in determining whether or not you would benefit from an agent’s advice.

• Why does it cost so much to insure a teen driver?
• Am I covered when driving a rental car?
• Do I need PIP (personal injury protection) coverage in my state?
• Am I covered when driving on a suspended license?
• Should I buy only the required minimum liability coverage?
• Do I have coverage when pulling a U-Haul trailer?
• Is pleasure use cheaper than using my Mazda RX-8 to commute?
• Does my policy cover me when driving someone else’s vehicle?
• Who is covered when they drive my Mazda RX-8?
• Do I benefit by insuring my home with the same company?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area. It is quick, free and can provide invaluable advice.

Better coverage you can count on

We covered many tips how you can shop for Mazda RX-8 insurance online. The key thing to remember is the more you quote, the more likely it is that you will get a better rate. You may even discover the biggest savings come from some of the lesser-known companies. These smaller insurers may only write in your state and offer lower rates than the large multi-state companies such as State Farm and Allstate.

Lower-priced Mazda RX-8 insurance can be bought on the web and with local insurance agents, so compare prices from both in order to have the best chance of saving money. Some car insurance companies do not offer the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

When trying to cut insurance costs, never skimp on coverage in order to save money. There are a lot of situations where someone dropped full coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to find the BEST coverage for the lowest price.