1993 Mazda RX-7 Insurance Cost – 5 Savings Tips

I doubt anyone gets a kick out of paying for insurance coverage, in particular when they could get a better deal.

There is such a variety of auto insurance companies to buy insurance from, and even though it’s nice to be able to choose, it can be more difficult to find the lowest cost provider.

How to get free insurance quotes online

All the larger insurance companies such as Progressive, Geico, Allstate and State Farm provide prices direct online. Doing online price comparisons is possible for anyone because you just enter your coverage information as requested by the quote form. When the form is submitted, their quoting system will order your credit score and driving record and generates pricing information based on the information you submitted. Being able to quote online helps simplify price comparisons, but the process of having to visit different websites and type in the same information is a waste of time. But it’s necessary to have as many quotes as possible in order to get better insurance pricing.

An easier way to find better insurance pricing requires only one form to get prices from several companies at one time. The form is fast, requires less work, and makes online price comparison a lot less work. After your information is entered, it is rated and you are able to buy any or none of the price quotes you receive.

If the quotes result in lower rates, you can simply submit the application and purchase coverage. It takes 15 minutes at the most and you’ll know if lower rates are available.

If you want to find out how much you can save on insurance, click here to open in a new tab and enter your vehicle and coverage information. If you currently have coverage, we recommend you input deductibles and limits exactly as shown on your declarations page. Doing this guarantees you will get a fair comparison for similar coverage.

Insurance coverage policy discounts you can’t miss

Insurance coverage is expensive, but there’s a good chance there are discounts that many people don’t even know exist. Most are applied when you get a quote, but a few must be manually applied prior to getting the savings.

  • Cautious Drivers – Safe drivers can save as much as half off their rates for RX-7 coverage than their less cautious counterparts.
  • Student Driver Training – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course as it will make them better drivers and lower rates.
  • First Accident Forgiveness – This one is not really a discount per se, but certain companies permit an accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Professional Organizations – Being in certain professional organizations is a good way to get lower rates on your next insurance coverage statement.
  • Discounts for Multiple Vehicles – Buying a policy with multiple cars on one policy can reduce rates for all insured vehicles.

Policy discounts save money, but most credits do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as medical payments or collision. Even though it appears having all the discounts means you get insurance for free, companies don’t profit that way.

A few of the larger companies and the discounts they provide can be read below.

  • Geico may include discounts for anti-lock brakes, military active duty, multi-vehicle, good student, and multi-policy.
  • Travelers policyholders can earn discounts including early quote, multi-car, student away at school, new car, continuous insurance, hybrid/electric vehicle, and driver training.
  • Nationwide may have discounts that include good student, easy pay, defensive driving, anti-theft, and multi-policy.
  • Farmers Insurance offers premium reductions for teen driver, business and professional, switch companies, distant student, early shopping, youthful driver, and good student.
  • Esurance discounts include DriveSense, online quote, emergency road assistance, safety device, online shopper, and Pac-12 alumni.
  • State Farm has savings for accident-free, Drive Safe & Save, multiple autos, defensive driving training, student away at school, and good driver.
  • Progressive offers discounts for online signing, homeowner, good student, multi-policy, online quote discount, and continuous coverage.
  • Mercury Insurance may offer discounts for ease of repair, accident-free, type of vehicle, annual mileage, and multi-policy.

When comparing rates, check with each company or agent the best way to save money. Some discounts listed above may not apply to policies in your area.

Insurance agents can help

When it comes to choosing adequate coverage, there really is no “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. For instance, these questions might point out if your insurance needs might need professional guidance.

  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Am I covered if I crash into my own garage door?
  • Do I pay less for low miles?
  • I have health insurance so do I need medical payments coverage?
  • Do I need more liability coverage?
  • Does insurance cover tools stolen from my truck?
  • Am I covered if I hit a deer?
  • Can I afford low physical damage deductibles?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Are auto insurance companies telling the truth?

Popular auto insurance providers such as Progressive, Geico, Allstate and State Farm constantly bombard you with television and radio advertisements. They all seem to have a common claim that you can save if you switch your policy. That’s great but how can every company cost less than your current company? It’s all in the words they use.

Many companies give the best rates for the type of driver that makes them money. For instance, a profitable insured may need to be over age 30, owns their home, and drives a safe vehicle. Any new insured who fits that profile will get low prices and is almost guaranteed to save when they switch companies.

Drivers who do not meet this stringent profile will be charged higher prices which results in business not being written. The ad wording is “customers that switch” not “everyone who quotes” save that much when switching. That’s why companies can truthfully make the claims of big savings.

Because of these techniques, you really need to get insurance quotes from several different companies. Because you never know which insurance companies will give you lower car insurance rates than your current company.

Auto insurance coverages

Understanding the coverages of insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average insurance policy.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like rock chips in glass, fire damage, falling objects, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability

Liability insurance can cover damages or injuries you inflict on a person or their property in an accident. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability can pay for things like structural damage, pain and suffering, repair bills for other people’s vehicles and court costs. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like funeral costs, ambulance fees, dental work, X-ray expenses and hospital visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. It covers all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Mazda RX-7.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision protection

Collision insurance covers damage to your RX-7 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a building, hitting a parking meter and rolling your car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.

Make a quick buck

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. There are too many instances where an insured dropped liability limits or collision coverage and discovered at claim time that the small savings ended up costing them much more. The aim is to buy a smart amount of coverage at the best price, but do not skimp to save money.

Low-cost 1993 Mazda RX-7 insurance can be bought on the web as well as from insurance agents, and you should be comparing both to have the best rate selection. A few companies do not provide online price quotes and most of the time these small insurance companies prefer to sell through independent agents.

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