2010 Mazda RX-8 Car Insurance Quotes – 6 Tips for Cheaper Rates

Searching for better car insurance rates for your Mazda RX-8? Having to pay for overpriced car insurance can overdraw your personal savings and force you to prioritize other expenses. Comparing price quotes is a smart way to slash your bill and have more diposable income.

Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate promote their brand names with ads and it is difficult to see through the cute green geckos and mayhem and find the best price available.

If you currently have a car insurance policy, you will most likely be able to save some money using these techniques. Finding the best rates is quite easy. But drivers should learn how insurance companies compete online.

The quickest method we recommend to compare policy rates takes advantage of the fact most of the bigger providers participate in online systems to give free rates quotes. To get started, all you need to do is provide information such as how much education you have, if you’re married, if your license is active, and types of safety features. That information is instantly submitted to many different companies and they return cost estimate very quickly.

These six discounts can slash auto insurance rates

Companies offering auto insurance don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of some of the best known and also the lesser-known ways to save on auto insurance.

  • Discount for Life Insurance – Companies who offer life insurance give a break if you buy life insurance from them.
  • Service Members Pay Less – Being on active duty in the military could mean lower rates.
  • Safety Course Discount – Taking a defensive driving course could cut 5% off your bill if you qualify.
  • Discount for Good Grades – Performing well in school can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Air Bag Discount – Vehicles with factory air bags or automatic seat belts may earn rate discounts of more than 20%.
  • Federal Employees – Employees or retirees of the government may qualify you for a discount for RX-8 coverage with select insurance companies.

Keep in mind that many deductions do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like collision or personal injury protection. Just because you may think you can get free auto insurance, companies don’t profit that way.

Car insurance companies that may have these discounts may include but are not limited to:

Check with all companies you are considering how you can save money. Some discounts may not apply in your state.

When might I need the advice of an agent?

When it comes to choosing the best insurance coverage coverage, there really is not a perfect coverage plan. Every situation is different and your policy should reflect that. Here are some questions about coverages that could help you determine whether your personal situation may require specific advice.

  • What are the financial responsibility laws in my state?
  • Am I covered when delivering products for my home-based business?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Should I put collision coverage on all my vehicles?
  • How much underlying liability do I need for an umbrella policy?
  • What should my uninsured motorist coverage limits be in my state?
  • Where can I get insurance after a DUI in my state?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Car insurance coverages explained

Having a good grasp of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types found on most car insurance policies.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical expense insurance

Med pay and PIP coverage kick in for immediate expenses like pain medications, chiropractic care and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Liability coverage

This coverage can cover damage or injury you incur to other people or property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like medical services, attorney fees, loss of income and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Collision coverage protection

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as rolling your car, colliding with another moving vehicle and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive (Other than Collision)

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

Comprehensive coverage pays for things such as damage from getting keyed, a tree branch falling on your vehicle, damage from flooding, a broken windshield and hail damage. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.