2004 Mazda RX-8 Insurance Cost – 10 Discounts for Cheapest Prices

Nobody I know likes paying for car insurance, especially knowing the cost is too high.

Drivers have so many auto insurance companies to insure vehicles with, and although it’s nice to have a selection, lots of choices makes it harder to find the best rates for your vehicles.

It’s smart to shop coverage around before your policy renews due to the fact that insurance rates change regularly. Despite the fact that you may have had the best price on RX-8 coverage a couple years back you will most likely find a better rate today. Block out anything you think you know about car insurance because you’re about to find out one of the quickest ways to find the best coverage while lowering your premiums.

Finding affordable coverage is not that difficult. Basically, every driver who carries auto insurance will most likely be able to reduce their rates. But consumers can benefit by having an understanding of the methods companies use to compete online.

The quickest way to compare car insurance company rates is to know the fact almost all companies have advanced systems to quote your coverage. The only thing you need to do is give them some information such as the year, make and model of vehicles, whether or not you need a SR-22, coverage limits, and distance driven. Your insurance information gets transmitted to insurance carriers in your area and they return quotes quickly.

Verify you’re getting all your discounts

Companies don’t always list all their discounts very clearly, so we researched some of the best known and also the lesser-known auto insurance savings.

  • Homeowners Pay Less – Owning a home can save you money due to the fact that maintaining a home requires personal responsibility.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • Multi-policy Discount – If you insure your home and vehicles with the same company you could get a discount of at least 10% off all policies.
  • Resident Student – Youth drivers living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates on RX-8 coverage than drivers with accident claims.
  • Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • Payment Method – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • One Accident Forgiven – Some insurance companies permit an accident before your rates go up if your claims history is clear for a set time period.
  • Save with a New Car – Insuring a new car can be considerably cheaper compared to insuring an older model.
  • Club Memberships – Being a member of a civic or occupational organization could trigger savings when buying auto insurance on RX-8 coverage.

It’s important to note that most credits do not apply the the whole policy. Most only reduce individual premiums such as liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, you’re out of luck.

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

When should I talk to an agent?

When choosing the right insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. For example, these questions may help you determine if your insurance needs may require specific advice.

  • I have a DUI can I still get coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • When should my teen driver be added to my policy?
  • Can I afford to pay high deductible claims out of pocket?
  • Can my teen driver be rated on a liability-only vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • Who is covered when they drive my 2004 Mazda RX-8?
  • How does medical payments coverage work?
  • What exactly is covered by my policy?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Auto insurance coverages

Knowing the specifics of a insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by insurance companies.

Auto liability – Liability coverage will cover injuries or damage you cause to a person or their property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims such as medical services, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Uninsured or underinsured coverage – This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as sideswiping another vehicle, colliding with a tree, scraping a guard rail and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

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

Comprehensive coverage pays for claims such as hitting a bird, hitting a deer, damage from a tornado or hurricane, fire damage and damage from getting keyed. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense coverage – Med pay and PIP coverage provide coverage for immediate expenses like funeral costs, EMT expenses, prosthetic devices, doctor visits and surgery. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible