2008 Mazda RX-8 Insurance Cost

Trying to find cheaper insurance rates for your Mazda RX-8? Nobody looks forward to buying insurance, in particular when they are paying too much.

Many auto insurance companies vie for your business, and because of this it can be hard to compare car insurance companies and get the definite best rate

The method we recommend to compare insurance rates from multiple companies takes advantage of the fact most insurance companies pay for the opportunity to give you rate quotes. The only thing you need to do is provide information including the type of vehicles you drive, driver ages, how much school you completed, and coverage limits. The data gets transmitted to multiple top-rated companies and they return cost estimate with very little delay.

To check rates for your , click here and find out if lower rates are available.

But I don’t know anything about car insurance

When buying the right insurance coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions might help in determining whether you may require specific advice.

Am I covered if I drive in a foreign country?
Do I need to file an SR-22 for a DUI in my state?
Am I covered when pulling a rental trailer?
Is my dog or cat covered if injured in an accident?
Should I carry comprehensive and collision coverage?
Should I put collision coverage on all my vehicles?
Am I covered if I break a side mirror?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Parts of your car insurance policy

Knowing the specifics of your policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on most car insurance policies.

Auto collision coverage

Collision coverage pays for damage to your RX-8 from colliding with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like crashing into a ditch, hitting a parking meter, backing into a parked car, colliding with a tree and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive insurance

This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, fire damage and hitting a deer. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Mazda RX-8.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Auto liability

This will cover damage or injury you incur to other’s property or people in an accident. It protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like emergency aid, medical services, structural damage and pain and suffering. How much liability coverage do you need? That is up to you, but buy higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for short-term medical expenses like X-ray expenses, surgery, hospital visits, dental work and funeral costs. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay