2008 Mazda RX-8 Car Insurance Quotes – 5 Tricks for Best Rates

Finding low-cost insurance for a new or used Mazda RX-8 can be a lot of work, but you can learn these tips to make it easier.

There are both good and bad ways to buy insurance coverage and we’ll show you the quickest way to compare rates for a Mazda and locate the lowest price either online or from local insurance agents.

The best way to compare insurance rates from multiple companies is to know the fact auto insurance companies provide online access to provide you with free rate quotes. The only thing you need to do is give them rating details like any included safety features, how much coverage you want, which vehicles you own, and daily mileage. That information is automatically sent to insurance carriers in your area and you will receive price estimates within a short period of time.

To compare multiple company rates now, click here and enter your zip code.

Smaller companies may have the best rates

Consumers get pounded daily by advertisements that claim the lowest prices by Allstate and Progressive. They all seem to tend to make the same promise about saving some big amount after switching your insurance policy to them.

How do they all have lower policy pricing?

Many companies have strict underwriting profiles for the type of driver they prefer to insure. For example, a desirable insured should be between the ages of 40 and 55, has no tickets, and has great credit. Any customer who meets those qualifications will get very good prices and most likely will save if they switch.

Insureds who don’t meet those standards may receive a higher premium which translates to the customer not buying. The ads state “customers that switch” not “everyone that quotes” save that much. That is how companies can make claims like that.

Because each company has a different risk profile, it is so important to do a quote comparison often. Because without a comparison, you cannot know with any certainty which company will provide the lowest premium rates.

Get lower rates with these five discounts

Car insurance is not cheap nor is it fun to buy but discounts can save money and there are some available to cut the cost considerably. Most are applied at the time you complete a quote, but some must be requested specifically prior to getting the savings. If you do not check that you are getting every discount available, you’re just leaving money on the table.

  • Passenger Safety Discount – Cars that have air bags or automatic seat belts may qualify for discounts of more than 20%.
  • Professional Organizations – Having an affiliation with specific professional or occupational memberships or organizations may earn a discount when shopping for car insurance.
  • Lower Rates for Military – Having an actively deployed family member may qualify for rate reductions.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle up before driving could cut 10% or more on the premium charged for medical payments and/or PIP.
  • Smart Student Discounts – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.

You can save money using discounts, but most credits do not apply to your bottom line cost. Most only cut specific coverage prices like liability and collision coverage. So even though they make it sound like all those discounts means the company will pay you, nobody gets a free ride.

A list of car insurance companies and some of the premium reductions they offer include:

  • American Family may have discounts that include early bird, TimeAway discount, defensive driver, mySafetyValet, multi-vehicle, accident-free, and Steer into Savings.
  • State Farm may offer discounts for multiple autos, good driver, driver’s education, passive restraint, Steer Clear safe driver discount, and anti-theft.
  • 21st Century has discounts for automatic seat belts, driver training, air bags, theft prevention, anti-lock brakes, and good student.
  • Travelers offers premium reductions for hybrid/electric vehicle, payment discounts, save driver, student away at school, and new car.
  • Geico policyholders can earn discounts including anti-theft, membership and employees, five-year accident-free, defensive driver, and driver training.

Check with all the companies which credits you are entitled to. Depending on the company, some discounts may not apply to policies in your state. To locate companies that offer discounts, click here.

Insurance can be complex

When choosing adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Every situation is different.

For example, these questions can help discover if your insurance needs will benefit from professional help.

  • Am I covered if I drive in a foreign country?
  • When would I need rental car insurance?
  • Can I drive in Mexico and have coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • What are the financial responsibility laws in my state?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form. It is quick, free and can provide invaluable advice.

Auto insurance policy specifics

Knowing the specifics of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as sustaining damage from a pot hole, driving through your garage door, hitting a mailbox and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Comprehensive auto coverage

This covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hitting a bird, theft and vandalism. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for immediate expenses such as pain medications, EMT expenses, surgery and rehabilitation expenses. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2008 Mazda RX-8.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits are identical to your policy’s liability coverage.

Liability coverage

This protects you from damages or injuries you inflict on a person or their property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to 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. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers claims such as legal defense fees, attorney fees and bail bonds. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Don’t be a big spender

When shopping online for auto insurance, don’t be tempted to reduce coverage to reduce premium. In many instances, an insured cut collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your objective should be to buy a smart amount of coverage at the best price and still be able to protect your assets.

In this article, we covered a lot of techniques to shop for 2008 Mazda RX-8 insurance online. The key thing to remember is the more you quote auto insurance, the better your comparison will be. You may even find the best price on auto insurance is with the smaller companies.

Drivers switch companies for many reasons like poor customer service, being labeled a high risk driver, questionable increases in premium and lack of trust in their agent. It doesn’t matter what your reason, switching auto insurance companies is actually quite simple.

To learn more, take a look at the resources below: