1991 Mazda RX-7 Insurance Cost – 6 Tips to Save

Paying for expensive Mazda RX-7 insurance can diminish your monthly budget and force you to tighten up your finances. Having so many options, it’s difficult to locate the lowest cost company.

Buy auto insurance online

The majority of larger companies provide insurance quotes directly from their websites. Getting quotes is pretty painless as you simply enter the amount of coverage you want as requested by the quote form. When the form is submitted, their rating system will obtain your credit score and driving record and returns pricing information. Online price quotes simplifies rate comparisons, but the work required to visit different websites and type in the same information is a big time waster. But it’s absolutely necessary to get many rate quotes in order to find better auto insurance pricing.

Keep reading for an easier way to compare prices

The quickest way to find better auto insurance pricing is to use a quote form to return rates from a bunch of companies at once. This type of form saves time, requires less work, and makes comparison shopping much simpler. Once the form is submitted, your coverage is rated and you can choose your choice of the pricing results.

If you find a better price you simply finish the application and buy the policy. The entire process takes just a few minutes to complete and you’ll know if lower rates are available.

To find out how much you’re overpaying now, click here and input your coverage information. If you have coverage now, it’s recommended you complete the form with the insurance coverages identical to your current policy. This makes sure you will get comparison quotes for similar insurance coverage.

Reduce your insurance coverage rates with these six discounts

The cost of insuring your cars can be expensive, but there could be available discounts that can help lower your rates. A few discounts will be applied when you get a quote, but lesser-known reductions have to be specially asked for prior to getting the savings.

  • Life Insurance – Some insurance companies give a lower premium rate if you buy some life insurance in addition to your auto policy.
  • Government Employees – Simply working for the federal government could qualify for a slight premium decrease for RX-7 coverage depending on your company.
  • Discounts for New Vehicles – Insuring a new car is cheaper due to better safety requirements for new vehicles.
  • Multiple Policy Discount – When you combine your auto and homeowners insurance and place coverage with the same company you could save up to 20% and get you inexpensive auto insurance.
  • Student Discount for Driver Training – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • Good Students Pay Less – A discount for being a good student may save as much as 25% on a auto insurance quote. This discount can apply well after school through age 25.

Policy discounts save money, but most discounts do not apply the the whole policy. Some only reduce the cost of specific coverages such as medical payments or collision. So even though you would think it’s possible to get free car insurance, it just doesn’t work that way.

A few popular companies and their offered discounts are shown below.

  • American Family includes discounts for TimeAway discount, good driver, defensive driver, good student, Steer into Savings, bundled insurance, and mySafetyValet.
  • Nationwide may have discounts that include good student, accident-free, defensive driving, multi-policy, Farm Bureau membership, easy pay, and business or organization.
  • MetLife offers discounts for defensive driver, good student, good driver, claim-free, multi-policy, accident-free
  • 21st Century offers discounts including air bags, theft prevention, student driver, 55 and older, automatic seat belts, anti-lock brakes, and teen driver.
  • Farmers Insurance offers premium reductions for mature driver, homeowner, early shopping, bundle discounts, distant student, business and professional, and youthful driver.
  • Allstate discounts include auto/life discount, FullPay discount, 55 and retired, EZ pay plan discount, and premier plus.

When comparing rates, check with every insurance company which discounts can lower your rates. Some credits might not be available to policyholders in every state.

You are unique and your car insurance should be too

When choosing the right insurance coverage, there really is no “perfect” insurance plan. Every insured’s situation is different and your policy should reflect that. For instance, these questions may help highlight if your situation will benefit from professional help.

  • Can I afford to pay high deductible claims out of pocket?
  • Can my teen drive my company car?
  • What discounts do I qualify for?
  • Do I need motorclub coverage?
  • Does my 1991 Mazda RX-7 need full coverage?
  • Is a blown tire covered by insurance?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I benefit by insuring my home with the same company?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Coverages available on your car insurance policy

Learning about specific coverages of a car insurance policy helps when choosing the best coverages and the correct deductibles and limits. Car insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most car insurance policies.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for dental work, chiropractic care, hospital visits, doctor visits and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. 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 is not an option in every state but can be used in place of medical payments coverage

Coverage for collisions

This coverage pays for damage to your RX-7 resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as backing into a parked car, sustaining damage from a pot hole, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mazda RX-7.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Frequently these limits do not exceed the liability coverage limits.

Comprehensive insurance

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as vandalism, hail damage, damage from a tornado or hurricane and a broken windshield. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability

This coverage protects you from damage or injury you incur to a person or their property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as emergency aid, loss of income, bail bonds, medical services and medical expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

One last thing

The cheapest 1991 Mazda RX-7 insurance can be sourced on the web and from local insurance agents, so you need to quote auto insurance with both to get a complete price analysis. Some insurance companies may not offer price quotes online and these small, regional companies provide coverage only through independent agents.

We just presented a lot of techniques to save on 1991 Mazda RX-7 insurance. The most important thing to understand is the more you quote auto insurance, the better chance you’ll have of finding inexpensive auto insurance. You may even discover the best rates are with the smaller companies. These companies may only write in your state and offer lower auto insurance rates compared to the large companies like Allstate, Geico and Progressive.

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