1990 Mazda RX-7 Car Insurance Cost

Searching for cheaper car insurance rates for your Mazda RX-7? No car owner anticipates paying for car insurance, especially knowing they are paying too much. Drivers have so many car insurance companies to insure vehicles with, and though it is a good thing to be able to choose, it can be more difficult to find the best rates for your vehicles.

It’s smart to price shop coverage as often as possible since insurance prices go up and down regularly. Just because you had the best price on RX-7 coverage a year ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate the best methods to buy cheaper car insurance.

The quickest method to compare rate quotes is to know the fact auto insurance companies participate in online systems to give rate comparisons. To start a quote, the only thing you need to do is give them rating details such as if a SR-22 is needed, if your license is active, if it has an alarm system, and driver ages. The data is automatically sent to multiple auto insurance providers and they return cost estimate immediately.

Lower rates by qualifying for discounts

Some providers do not list every discount in an easy-to-find place, so the list below details some of the more common as well as the least known discounts you could be receiving when you buy insurance online. If you do not double check each discount possible, you may be paying too high a price.

  • Save with a New Car – Insuring a vehicle that is new may earn a small discount because new vehicles have to meet stringent safety requirements.
  • Senior Discount – If you’re over the age of 55, you can get a small discount on rates on RX-7 coverage.
  • Drive Safe and Save – Drivers without accidents may receive a discount up to 45% on RX-7 coverage compared to rates paid by drivers with frequent claims.
  • Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and that can save you a little bit as well.
  • Driving Data Discount – Drivers that enable driving data collection to scrutinize driving manner by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot could save a few bucks as long as they are good drivers.

Remember that most credits do not apply to the entire cost. Some only reduce specific coverage prices like liability, collision or medical payments. Even though it may seem like you would end up receiving a 100% discount, companies wouldn’t make money that way.

Popular car insurance companies and a selection of discounts can be found below.

  • Geico may have discounts that include membership and employees, air bags, military active duty, federal employee, and anti-lock brakes.
  • Travelers policyholders can earn discounts including hybrid/electric vehicle, multi-policy, student away at school, continuous insurance, and home ownership.
  • Nationwide offers discounts for good student, accident-free, anti-theft, family plan, and business or organization.
  • Farmers Insurance offers discounts including multi-car, homeowner, teen driver, youthful driver, early shopping, pay in full, and switch companies.
  • Esurance has savings for renters, homeowner, claim free, Pac-12 alumni, Switch & Save, and good student.
  • State Farm includes discounts for defensive driving training, Drive Safe & Save, driver’s education, multiple policy, good driver, and good student.
  • Progressive discounts include homeowner, good student, online signing, online quote discount, multi-vehicle, and continuous coverage.
  • Mercury Insurance may include discounts for accident-free, age of vehicle, type of vehicle, ease of repair, good student, and good driver.

If you need low cost insurance quotes, ask each company which discounts you qualify for. Savings might not be offered in your area. If you would like to choose from a list of companies with discount car insurance rates, follow this link.

How insurance providers calculate Mazda RX-7 insurance premiums

Smart consumers have a good feel for some of the things that help calculate the price you pay for car insurance. If you know what impacts premium levels, this allows you to make good choices that can help you get lower car insurance prices. Lots of factors are considered when you get a price on insurance. A few of the factors are predictable such as traffic violations, but some are less obvious like where you live or your financial responsibility.

The list below includes some of the most rate-impacting factors used by insurance companies to determine premiums.

  • Too many claims will drive premiums up – If you file a lot of claims you shouldn’t be surprised to get increased rates or even have your policy non-renewed. Companies provide most affordable rates to policyholders who file claims infrequently. Your car insurance is intended for larger claims.
  • Bad driving means higher rates – Getting just one moving violation can increase the cost of insurance to the point where it’s not affordable. Drivers who don’t get tickets get better prices than bad drivers. Drivers who have severe violations like hit and run, DWI or reckless driving convictions might be required by their state to complete a SR-22 to the state department of motor vehicles in order to keep their license.
  • Drive a safer car and pay less – Safer cars tend to have lower insurance rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and reduced instances of injuries means less money paid by your insurance company and cheaper rates on your policy.
  • If you don’t need it don’t buy it – Insurance companies have many extra coverages that can add up but may not be useful. Add-on coverages like roadside assistance, towing, and extra equipment coverage may be costing you every month. They may sound like good ideas when deciding what coverages you need, but your money might be better spent on other coverage so remove them and pocket the money.

Auto insurance is unique, just like you

When buying coverage, there really is not a “perfect” insurance plan. Each situation is unique and your policy should reflect that. Here are some questions about coverages that might help in determining whether your personal situation might need professional guidance.

  • Why am I required to get a high-risk car insurance policy?
  • Does having multiple vehicles earn me a discount?
  • I have good health insurance, so how much medical payments coverage do I need?
  • When should I buy a commercial auto policy?
  • Am I covered when driving someone else’s vehicle?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Does car insurance cover theft of personal property?
  • Does my insurance cover a custom paint job?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you’re not sure about those questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and can help protect your family.

Auto insurance coverages 101

Understanding the coverages of auto insurance aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverages available from auto insurance companies.

Comprehensive protection – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, hitting a deer, rock chips in glass and damage from getting keyed. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability – This can cover damages or injuries you inflict on people or other property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as legal defense fees, attorney fees, funeral expenses, court costs and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but buy as much as you can afford.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 1990 Mazda RX-7.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Medical expense coverage – Med pay and PIP coverage reimburse you for immediate expenses for things like X-ray expenses, chiropractic care, hospital visits and rehabilitation expenses. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverages – This covers damage to your RX-7 caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as backing into a parked car, scraping a guard rail and hitting a parking meter. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Final thoughts

We just presented many tips how you can reduce 1990 Mazda RX-7 insurance prices online. The key concept to understand is the more times you quote, the better likelihood of getting affordable insurance. Drivers may discover the lowest priced insurance comes from a small mutual company. These smaller insurers may have significantly lower rates on certain market segments than their larger competitors like State Farm or Progressive.

Affordable 1990 Mazda RX-7 insurance is attainable online and with local insurance agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who may not have online quoting and these small insurance companies work with independent insurance agencies.

Helpful learning opportunities