Are you searching for more competitive Mazda RX-8 insurance in Mesa? Do you get exhausted from wondering where the money will come from to pay high car insurance rates every month? Your situation is no different than many other Arizona consumers.
It’s hard to believe, but most car insurance policyholders in Arizona have been with the same company for over three years, and virtually 40% of consumers have never compared rates with other companies. Most drivers in America could save an average of almost $850 each year by just comparing rate quotes, but they just don’t understand the amount of money they would save if they replace their high priced policy. With consumers having so many choices for buying cheaper insurance for a Mazda RX-8 in Mesa, it’s difficult to locate a more affordable car insurance company.
Consumers should take time to do price comparisons occasionally because car insurance rates change frequently. Despite the fact that you may have had the best rate on Mazda RX-8 insurance in Mesa at your last renewal you will most likely find a better price today. Don’t believe everything you read about RX-8 insurance on the web, but we’re going to give you some guaranteed methods to stop overpaying for insurance in Mesa.
Finding the cheapest insurance coverage in Mesa is really quite simple as long as you have a good starting point. If you are paying for car insurance now, you will surely be able to reduce the price you pay using the ideas presented in this article. Drivers just have to use the fastest way to shop their coverage around from multiple carriers.
The fastest way that we advise to compare insurance rates from multiple companies is to take advantage of the fact car insurance companies will pay a fee to give you rate quotes. To begin a comparison, all you need to do is take a few minutes to give details such as what your job is, daily mileage, your education level, and whether your vehicle is owned or leased. Your information is instantly sent to insurance carriers in your area and you get price estimates within a short period of time.
To start a rate quote now, click here and find out if lower rates are available in Mesa.
The providers in the list below offer comparison quotes in Mesa, AZ. If multiple companies are listed, we suggest you get rates from several of them to find the most competitive car insurance rates.
Detailed insurance information
The premium table displayed below showcases different prices for Mazda RX-8 models. Knowing how auto insurance premiums are formulated can be useful when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $206 | $290 | $392 | $24 | $118 | $1,030 | $86 |
| RX-8 Grand Touring 4-Dr Coupe | $206 | $334 | $392 | $24 | $118 | $1,074 | $90 |
| RX-8 R3 4-Dr Coupe | $206 | $334 | $392 | $24 | $118 | $1,074 | $90 |
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate quotes do not factor in your specific Mesa location which can increase or decrease auto insurance rates significantly.
Careless drivers pay higher rates
The illustration below shows how violations and at-fault claims can drive up Mazda RX-8 auto insurance costs for each different age group. The costs are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
Mazda RX-8 insurance premiums by gender and age
The information below visualizes the comparison of Mazda RX-8 insurance costs for male and female drivers. The rate quotes are based on no claims, a clean driving record, comp and collision included, $500 deductibles, single status, and no other discounts are factored in.
Rate comparison of full coverage and liability-only
The illustration below shows the comparison of Mazda RX-8 insurance prices with full physical damage coverage compared to only buying liability only. The data assumes no claims, a clean driving record, $100 deductibles, marital status is single, and no other discounts are factored in.
When to drop comprehensive and collision coverage
There is no exact formula of when to stop paying for physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Mazda RX-8 settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after the policy deductible has been paid. If it’s costing in excess of $500 annually for full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Protect more than your Mazda vehicle
Despite the fact that car insurance is not cheap in Mesa, paying for car insurance serves an important purpose.
First, the majority of states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance coverage if you don’t want to risk a ticket. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your car, it’s most likely the lender will force you to buy full coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank will be required to insure your Mazda at a much higher premium rate and require you to reimburse them for it.
Third, car insurance protects both your vehicle and your assets. It will also provide coverage for all forms of medical expenses that are the result of an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of insuring your RX-8 more than cancel out the cost, especially with large liability claims. Today the average American driver is wasting up to $800 each year so it’s important to compare rates once a year at a minimum to help ensure money is not being wasted.
Auto insurance coverages explained
Having a good grasp of your policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverages found on the average auto insurance policy.
Comprehensive or Other Than Collision
Comprehensive insurance will pay to fix 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 coverage protects against things such as hitting a bird, vandalism and rock chips in glass. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Collision coverage
This coverage pays for damage to your RX-8 from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like backing into a parked car, crashing into a building, sideswiping another vehicle, crashing into a ditch and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible on your RX-8 to get cheaper collision coverage.
UM/UIM Coverage
Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your Mazda RX-8.
Since a lot of drivers have only the minimum liability required by law (which is 15/30/10), their limits can quickly be used up. So UM/UIM coverage should not be overlooked.
Medical costs insurance
Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for things like hospital visits, EMT expenses and chiropractic care. The coverages can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not universally available and may carry a deductible
Liability insurance
Liability insurance will cover injuries or damage you cause to a person or their property that is your fault. This coverage protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 15/30/10 that means you have a $15,000 limit per person for injuries, $30,000 for the entire accident, and a limit of $10,000 paid for damaged property.
Liability coverage protects against claims such as repair costs for stationary objects, attorney fees, medical expenses and loss of income. How much liability should you purchase? That is your choice, but consider buying as large an amount as possible. Arizona requires minimum liability limits of 15/30/10 but drivers should carry higher limits.
The chart below demonstrates why the minimum limit may not be adequate.