2006 Mazda RX-8 Insurance Quotes

Searching for the cheapest insurance for a new or used Mazda RX-8 can be a painful process, but you can use a few tricks to save time.

There is a better way to shop for insurance so we’re going to tell you the quickest way to price shop coverage for a new or used Mazda and locate the lowest price from local insurance agents and online providers.

Consumers should take time to price shop coverage periodically since insurance rates change quite often. Despite the fact that you may have had the lowest rates for RX-8 insurance six months ago other companies may now be cheaper. Starting right now, forget all the misinformation about insurance because you’re going to learn the proper way to save on insurance.

Pricing affordable protection is simple if you know the tricks. If you have a current insurance coverage policy or are shopping for new coverage, you can use this information to reduce the price you pay and still get good coverage. Drivers just need to know the most effective way to compare prices on the web.

Your Mazda RX-8 insurance rate is a complex equation

Consumers need to have an understanding of the different types of things that help determine insurance coverage rates. Knowing what impacts premium levels allows you to make educated decisions that could result in lower insurance coverage prices.

  • Do men or women drive better? – The statistics show women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Men and women cause accidents at about the same rate, but the men have costlier accidents. Men also statistically get cited for more serious violations such as DWI and reckless driving. Teenage male drivers are the most expensive to insure and therefore have the most expensive insurance coverage rates.
  • Lower rates come with age – Teen drivers tend to be careless and easily distracted behind the wheel so insurance coverage rates are higher. Having to add a teenage driver onto a policy can really hurt. Older drivers are more cautious drivers, tend to cause fewer accidents and get fewer tickets.
  • Lower rates with optional equipment – Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
  • Do you know your deductibles? – Physical damage coverage, also known as collision and other-than-collision, protects your Mazda from damage. Examples of covered claims would be collision with another vehicle, collision with an animal, and windstorm damage. Physical damage deductibles are the amount of money you are required to spend out-of-pocket in the event of a claim. The more money you’re willing to pay, the lower your rates will be for RX-8 insurance.
  • Drive less and save money – The higher the mileage driven every year the higher your rate. Most companies apply a rate based on how the vehicle is used. Vehicles left parked in the garage qualify for better rates than those used for commuting. Make sure your insurance coverage declarations sheet shows the correct usage for each vehicle. If your policy improperly rates your RX-8 can result in significantly higher rates.
  • Your stress level may be raising your rates – Occupations like lawyers, architects and dentists tend to pay the highest average rates because of high stress levels and lots of time spent at work. Other professions such as pilots, historians and retirees have the lowest average rates for RX-8 insurance.
  • Big city or small town – Residing in small towns and rural areas can be a good thing when it comes to insurance coverage. City drivers tend to have much more traffic and longer commute times. Fewer people means fewer accidents and also fewer theft and vandalism claims.
  • Keep rates low by being claim-free – Insurance companies provide discounts to policyholders who do not file claims often. If you frequently file small claims, you can expect either higher rates or even cancellation. Auto insurance is intended to be relied upon for larger claims.

Be sure to get all your discounts

Insuring your vehicles can cost a lot, but you may find discounts that can drop the cost substantially. Certain discounts will be applied at the time of quoting, but some may not be applied and must be specially asked for before you get the savings. If you don’t get every credit possible, you’re paying more than you need to.

  • Lower Rates for Military – Being deployed with a military unit could mean lower rates.
  • Safe Driver Discount – Insureds without accidents may save up to 50% more for RX-8 insurance than their less cautious counterparts.
  • Good Students Pay Less – This discount can save 20 to 25%. Earning this discount can benefit you up until you turn 25.
  • Sign Early and Save – Some companies give discounts for switching policies before your current policy expires. It can save you around 10%.
  • Homeowners Savings – Owning a house can save you money due to the fact that maintaining a home is proof that your finances are in order.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • No Charge for an Accident – Certain companies allow you one accident without raising rates if you are claim-free for a certain period of time.
  • Multiple Cars – Buying insurance for all your vehicles on one policy can get a discount on all vehicles.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.

It’s important to note that many deductions do not apply to all coverage premiums. Some only apply to individual premiums such as comp or med pay. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way. But any discount will help reduce the amount you have to pay.

Companies who might offer some of the above discounts may include but are not limited to:

Check with each insurance company which discounts you may be entitled to. Discounts might not be offered in every state.

How do I know if I need professional advice?

When it comes to choosing coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different.

For example, these questions might help in determining if you could use an agent’s help.

  • Where can I find DUI or SR-22 insurance?
  • Am I covered when pulling a rental trailer?
  • Is other people’s property covered if stolen from my vehicle?
  • What can I do if my company won’t pay a claim?
  • How much underlying liability do I need for an umbrella policy?
  • Am I covered if I wreck a rental car?
  • Which is better, split liability limits or combined limits?
  • What is the minimum liability in my state?
  • What happens if I owe more than my 2006 Mazda RX-8 is worth?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Car insurance specifics

Learning about specific coverages of your policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Collision coverage

This coverage will pay to fix damage to your RX-8 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with another moving vehicle, damaging your car on a curb, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Liability car insurance

This protects you from injuries or damage you cause to people or other property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as funeral expenses, legal defense fees, medical services, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Mazda RX-8.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Usually these coverages are set the same as your liablity limits.

Comprehensive (Other than Collision)

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from flooding, vandalism, hail damage and a broken windshield. The most a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for expenses for things like hospital visits, doctor visits and EMT expenses. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Be a smart shopper

You just read many ideas to shop for 2006 Mazda RX-8 insurance online. The key thing to remember is the more times you quote, the better chance you’ll have of finding lower rates. You may even find the best prices are with the least-expected company.

When trying to cut insurance costs, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where someone dropped full coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy enough coverage at an affordable rate while not skimping on critical coverages.

Drivers leave their current company for many reasons like policy non-renewal, policy cancellation, delays in responding to claim requests and an unsatisfactory settlement offer. It doesn’t matter why you want to switch choosing a new insurance company is less work than it seems.

Additional insurance coverage information is available on the following sites: