Mazda RX-8 Insurance Quotes in Riverside

Anyone knows that insurance companies want to keep your business as long as possible. People who shop around for cheaper prices are highly likely to switch companies because there are good odds of finding better rates. A recent car insurance study discovered that drivers who regularly compared price quotes saved on average $850 each year compared to people who never shopped around.

If finding the best price on Mazda RX-8 insurance is the reason for your visit, learning the best ways to find and compare insurance coverage can save time, money, and frustration.

Insurance for Mazda RX-8The best way to get the cheapest Mazda RX-8 insurance in Riverside is to make a habit of regularly comparing prices from companies who can sell car insurance in California.

Step 1: Try to learn about individual coverages and the changes you can make to prevent expensive coverage. Many policy risk factors that cause rate increases like high-risk driving behaviors and bad credit can be remedied by paying attention to minor details.

Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from a single company like GEICO or State Farm, while independent agents can provide price quotes from many different companies.

Step 3: Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you find better rates, make sure coverage is continuous and does not lapse.

One thing to remember is to compare the same amount of coverage on every quote request and and to compare as many auto insurance providers as possible. This helps ensure the most accurate price comparison and a thorough price selection.

Comparing quotes for the most affordable car insurance policy in Riverside is actually quite simple. In essence, every driver who has to purchase car insurance will more than likely find a cheaper policy. But California vehicle owners should learn the methods companies use to set your policy premium and use it to your advantage.

Mazda RX-8 insurance analysis

The coverage information below highlights estimates of insurance rates for Mazda RX-8 models. Having insight into how auto insurance premiums are formulated can help customers make decisions on which coverage to buy.

Mazda RX-8 Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $228 $418 $500 $30 $150 $1,326 $111
RX-8 Grand Touring 4-Dr Coupe $228 $482 $500 $30 $150 $1,390 $116
RX-8 R3 4-Dr Coupe $228 $482 $500 $30 $150 $1,390 $116
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Premium costs do not factor in vehicle location which can raise or lower rates significantly.

Comparison of policy deductibles

One of the hardest decisions when shopping for auto insurance is which comprehensive and collision deductibles to buy. The rates below approximate the difference in cost of buying low and high insurance deductibles. The first rate table uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Mazda RX-8 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $478 $810 $442 $26 $132 $1,913 $159
RX-8 Grand Touring 4-Dr Coupe $478 $932 $442 $26 $132 $2,035 $170
RX-8 R3 4-Dr Coupe $478 $932 $442 $26 $132 $2,035 $170
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Mazda RX-8 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $348 $546 $442 $26 $132 $1,494 $125
RX-8 Grand Touring 4-Dr Coupe $348 $630 $442 $26 $132 $1,578 $132
RX-8 R3 4-Dr Coupe $348 $630 $442 $26 $132 $1,578 $132
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Prices do not factor in specific location which can impact coverage prices noticeably.

We can derive from the above data that using a $100 deductible will cost you approximately $36 more each month or $432 annually than buying the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 11 months between claim filings, you would save more money by selecting a higher deductible.

Mazda RX-8 insurance rates by gender in Riverside

The example below shows the comparison of Mazda RX-8 insurance costs for male and female drivers. The costs are based on no claims or driving citations, comp and collision included, $250 deductibles, marital status is single, and no additional discounts are factored in.

Mazda RX-8 liability-only versus full coverage

The illustration below shows the comparison of Mazda RX-8 yearly insurance costs with full coverage compared to only the California minimum liability coverage. Data assumes no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

Guidelines for eliminating full coverage

There is no definitive rule for dropping comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Mazda RX-8 replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after the deductible is paid. If premiums are more than $600 annually to have full coverage, then it may be the right time to buy liability only.

There are some cases where dropping physical damage coverage is not financially feasible. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Insurance policy discounts for Mazda RX-8 insurance in Riverside

Companies don’t always list all their discounts very well, so the below list has a few of the more well known in addition to some of the lesser obvious insurance savings.Cheaper insurance with discounts

You should keep in mind that some credits don’t apply to the whole policy. Most only reduce specific coverage prices like collision or personal injury protection. Even though it appears adding up those discounts means a free policy, that’s just not realistic.

The chart below illustrates the comparison of Mazda RX-8 insurance costs with and without discounts. The rates are based on a male driver, no driving violations, no at-fault accidents, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, multi-car, safe-driver, and claim-free discounts applied.

Larger insurance companies and some of their more popular discounts are included below.

If you are trying to find inexpensive Riverside auto insurance quotes, ask each company or agent which discounts you qualify for. Depending on the company, some discounts might not be offered in your area. If you would like to choose from a list of insurers that offer the discounts shown above in California, click this link.

Coverages available on your auto insurance policy

Learning about specific coverages of your policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Liability auto insurance – Liability insurance can cover damage or injury you incur to other people or property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 15/30/5 which stand for a $15,000 limit per person for injuries, a total of $30,000 of bodily injury coverage per accident, and a limit of $5,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for things like attorney fees, bail bonds, emergency aid, repair bills for other people’s vehicles and structural damage. How much coverage you buy is your choice, but you should buy as high a limit as you can afford. California requires drivers to carry at least 15/30/5 but drivers should carry higher limits.

The chart below demonstrates why buying the state minimum limits may not be enough.

Collision – Collision insurance will pay to fix damage to your RX-8 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like damaging your car on a curb, hitting a parking meter, sideswiping another vehicle, colliding with a tree and scraping a guard rail. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible on your RX-8 in order to get cheaper collision rates.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as surgery, hospital visits, chiropractic care, nursing services and doctor visits. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, fire damage, damage from getting keyed, a tree branch falling on your vehicle and rock chips in glass. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mazda RX-8.

Due to the fact that many California drivers only purchase the least amount of liability that is required (California limits are 15/30/5), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time these limits are identical to your policy’s liability coverage.

California auto insurance company ratings

Ending up with the best company is hard considering how many companies provide coverage in California. The information displayed below may help you select which insurers to look at when shopping your coverage around.

Top 10 Riverside Car Insurance Companies Ranked by Claims Service

  1. AAA of Southern California
  2. State Farm
  3. Esurance
  4. AAA Insurance
  5. Progressive
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. Titan Insurance
  10. The Hartford

Cheap car insurance is out there

We just presented many ideas to get a better price on Mazda RX-8 insurance in Riverside. The most important thing to understand is the more times you quote, the better your comparison will be. You may even discover the lowest auto insurance rates come from an unexpected company.

When getting Riverside auto insurance quotes online, it’s a bad idea to buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage at the best possible price, but do not sacrifice coverage to save money.

Consumers leave their current company for any number of reasons including policy cancellation, being labeled a high risk driver, unfair underwriting practices or even denial of a claim. Regardless of your reason, switching companies is less work than it seems.

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