1995 Mazda RX-7 Insurance Rates – 6 Ideas for Cheapest Quotes

Want lower insurance rates for your Mazda RX-7? Feel like you’re a prisoner to overpriced insurance? Say no more because there are many people just like you.

Online insurance companies like Geico, 21st Century and Progressive persitently shower you with advertising and consumers find it hard to see past the corporate glitz and find the best price available.

It’s a good idea to check insurance prices periodically due to the fact that insurance rates are usually higher with each renewal. Despite the fact that you may have had the best premium rates for RX-7 coverage on your last policy you can probably find a lower rate today. Ignore everything you know about insurance because you’re going to learn the proper way to save money, get proper coverage and the best rates.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these methods. Finding affordable coverage is quite easy. But drivers can benefit by having an understanding of the way companies price insurance differently and apply this information to your search.

Discount auto insurance quotes

Auto insurance companies don’t necessarily list their entire list of discounts very well, so below is a list some of the more common and also the more inconspicuous credits available to you.

  • Paper-free Discount – A handful of larger companies will discount your bill up to fifty bucks shop insurance digitally online.
  • Use Seat Belts – Forcing all vehicle occupants to fasten their seat belts could save 15% off the PIP or medical payment premium.
  • First Accident Forgiveness – This one isn’t a discount, but some insurance companies will allow you to have one accident before they charge you more for coverage as long as you don’t have any claims before the accident.
  • Life Insurance Discount – Some companies give a break if you buy some life insurance in addition to your auto policy.
  • Active Service Discounts – Having a deployed family member could qualify you for better auto insurance rates.
  • Distant College Student Discount – Kids living away from home attending college without a vehicle on campus may be able to be covered for less.

Discounts lower rates, but some of the credits will not apply to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, you’re out of luck.

A few popular companies and a summarized list of policyholder discounts can be found below.

  • Farm Bureau policyholders can earn discounts including 55 and retired, multi-vehicle, good student, youthful driver, renewal discount, safe driver, and driver training.
  • Liberty Mutual has savings for teen driver discount, exclusive group savings, newly retired, good student, preferred payment discount, multi-car, and newly married.
  • State Farm has discounts for passive restraint, driver’s education, good driver, accident-free, and Steer Clear safe driver discount.
  • Auto-Owners Insurance may include discounts for paid in full, multi-policy, air bags, multiple vehicles, and paperless.
  • Geico includes discounts for daytime running lights, multi-vehicle, defensive driver, federal employee, anti-theft, and anti-lock brakes.
  • SAFECO offers premium reductions for safe driver, teen safety rewards, teen safe driver, accident prevention training, anti-lock brakes, drive less, and multi-car.

When quoting, ask every insurance company to give you their best rates. Some credits might not be offered in your area. To locate companies that offer some of these discounts, follow this link.

Tailor your insurance coverage coverage to you

When choosing proper insurance coverage, there really is not a “best” method to buy coverage. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that might help in determining if your insurance needs would benefit from professional advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I need higher collision deductibles?
  • Are my friends covered when driving my car?
  • At what point should I drop full coverage?
  • Is upholstery damage covered by car insurance?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered if my car is in a flood?
  • Is my teenager covered with friends in the car?
  • Is my trailer covered?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

The largest companies are not always cheapest

Popular insurance coverage providers such as Progressive, Allstate and Geico endlessly run ads in print and on television. All the ads have a common claim that you can save just by switching your insurance coverage policy to them. How do they all charge less that you’re paying now? Here is how they do it.

All the different companies have underwriting criteria for the type of driver that earns them a profit. A good example of a profitable risk profile may need to be over the age of 35, has no claims, and insures a new vehicle. Someone who fits that profile will get the preferred prices and most likely will cut their rates substantially.

Consumers who are not a match for these standards will be charged more expensive rates and the customer not purchasing. The ads say “customers that switch” but not “everyone who gets a quote” save that much. That’s why companies can make claims that they all have the best car insurance rates.

Different companies use different criteria so drivers should do a quote comparison often. It is just not possible to predict which company will have the lowest rate quotes.

Educate yourself about car insurance coverages

Understanding the coverages of a car insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages found on the average car insurance policy.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage 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. So UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, rock chips in glass, damage from getting keyed, hitting a bird and falling objects. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision insurance

This coverage pays for damage to your RX-7 from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like sustaining damage from a pot hole, hitting a parking meter and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as X-ray expenses, prosthetic devices, EMT expenses and pain medications. They are utilized in addition to your health insurance plan or if you do not have health coverage. It covers all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for liability

Liability coverage will 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. As an example, you may have values of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims like structural damage, court costs and medical expenses. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

In Summary

Some companies may not offer the ability to get quotes online small insurance companies sell through local independent agencies. Affordable 1995 Mazda RX-7 insurance can be sourced on the web in addition to local insurance agencies, so you need to compare both to have the best rate selection.

As you shop your coverage around, do not buy less coverage just to save a little money. There are many occasions where someone sacrificed liability limits or collision coverage and learned later that the savings was not a smart move. The goal is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

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