Best Ways to Save on Phoenix Mazda RX-8 Insurance

Are you burned out from not being able to afford to insure your Mazda every month? You have the same problem as millions of other people.

Sadly, almost 70% of drivers have been with the same company for a minimum of four years, and just short of a majority have never compared rate quotes at all. Arizona consumers can cut their rates by roughly $730 a year just by comparing rates, but they just don’t want to compare rates and save money.

Lots of insurance companies contend to insure your vehicles, and it can be difficult to compare rates to get the best rate on Mazda RX-8 insurance in Phoenix.

Smart consumers take time to get comparison quotes occasionally since prices tend to go up over time. Just because you had the best deal on Mazda RX-8 insurance in Phoenix a year ago you can probably find a better rate now. Ignore everything you know about auto insurance because you’re about to learn the fastest and easiest way to properly buy coverages while reducing your premium.

Best companies for low-cost Mazda RX-8 insurance in Arizona

The following companies are ready to provide comparison quotes in Phoenix, AZ. If the list has multiple companies, we suggest you visit two to three different companies to get a more complete price comparison.

Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rates do not factor in garaging location in Phoenix which can change prices considerably.

Where to set your deductibles

A question often asked by Phoenix drivers is which comprehensive and collision deductibles to buy. The tables below may help you to understand the premium difference when you buy lower versus higher physical damage coverage deductibles. The first table uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Table data does not factor in vehicle garaging location which can influence coverage rates substantially.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $38 more each month or $456 every year than selecting the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 24 months between claims, you would come out ahead if you choose the higher deductible.

Phoenix insurance discounts for a Mazda RX-8

Auto insurance companies don’t necessarily list every discount they offer very well, so the following is a list of some of the best known and the more hidden discounts you could be receiving when you buy Phoenix auto insurance online.

• Senior Citizen Rates – Mature drivers are able to get better insurance rates.
• Good Students Pay Less – Excelling in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
• Air Bags and Passive Restraints – Vehicles equipped with air bags may qualify for discounts up to 30%.
• Pay Now and Pay Less – By paying your policy upfront as opposed to paying monthly you can avoid monthly service charges.
• Low Miles Discount – Maintaining low annual mileage may enable drivers to earn better insurance rates on cars that stay parked.
• Renewal Discounts – A few insurance companies offer discounts for buying a policy prior to the expiration date on your current RX-8 insurance policy. You could save around 10% when you buy Phoenix auto insurance online.
• Paperless Signup – A handful of larger companies will give you a small discount get Phoenix auto insurance online.
• Phoenix Homeowners Discount – Being a homeowner can save a few bucks because owning a home is proof that your finances are in order.
• Accident Forgiveness Coverage – This one is not really a discount per se, but companies like GEICO and Liberty Mutual permit an accident without raising rates so long as you haven’t had any claims prior to being involved in the accident.
• Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use a seat belt can save up to 10 percent (depending on the company) on medical payment and PIP coverage.

As a footnote on discounts, most discounts do not apply to the whole policy. Some only apply to the cost of specific coverages such as comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will definitely reduce the cost of your policy.

The best insurance companies and some of their more popular discounts include:

• American Family offers discounts including bundled insurance, mySafetyValet, accident-free, multi-vehicle, early bird, Steer into Savings, and TimeAway discount.
• State Farm may include discounts for defensive driving training, accident-free, multiple policy, good student, student away at school, and anti-theft.
• 21st Century may have discounts that include teen driver, air bags, good student, anti-lock brakes, automatic seat belts, and defensive driver.
• Travelers may offer discounts for payment discounts, multi-policy, multi-car, IntelliDrive, early quote, good student, and continuous insurance.
• GEICO policyholders can earn discounts including multi-policy, seat belt use, good student, defensive driver, and multi-vehicle.

When quoting, ask all companies you are considering which credits you are entitled to. Savings might not be available to policyholders in Phoenix. For a list of insurance companies that offer the discounts shown above in Phoenix, follow this link.

What is the best auto insurance coverage?

When buying coverage for your vehicles, there really is not a cookie cutter policy. Your financial needs are unique.

Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.

• Will I be non-renewed for getting a DUI or other conviction?
• What does medical payments cover?
• Can I insure my car for more than it’s worth?
• What are the best liability limits?
• How long can I keep a teen driver on my policy?
• Is other people’s property covered if stolen from my vehicle?
• Am I covered when driving on a suspended license?
• Who does medical payments coverage extend to?
• How can I force my company to pay a claim?
• Does having multiple vehicles earn me a discount?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form.

When to talk to an agent

Many drivers prefer to sit down and talk to an agent and that is a personal choice. One of the great benefits of getting free rate quotes online is the fact that you can find the best rates but also keep your business local.

To help locate an agent, after submitting this simple form, your insurance coverage information is instantly submitted to agents in your area that can give you free Phoenix auto insurance quotes for your coverage. You never need to even leave your home because quoted prices will be sent immediately to you. You can find the lowest rates without requiring a lot of work. If you have a need to quote rates from a particular provider, don’t hesitate to visit that company’s website and fill out the quote form the provide.

Finding the right company requires more thought than just a cheap price quote. Any good agent in Phoenix should know the answers to these questions.

• How many companies do they write for?
• If independent agents, which companies do they recommend?
• What are the financial ratings for the companies they represent?
• Do they get extra compensation for selling add-on coverages?
• What is the agency’s Better Business Bureau rating?

Choose an insurance agent wisely

If you need to find a reliable agent, there are two types of insurance agents that differ in how they can insure your vehicles. Auto insurance agencies are either independent agents or exclusive agents.

Exclusive Insurance Agencies

Exclusive agents have only one company to place business with and some examples include State Farm, AAA, Farmers Insurance or Allstate. These agents are not able to provide other company’s prices so you might not find the best rates. These agents are trained well on their company’s products which helps overcome the inability to quote other rates.

The following are exclusive agents in Phoenix willing to provide comparison quotes.

More Phoenix agents

Independent Insurance Agents

Independent agencies are not required to write business for one company and that gives them the ability to insure through many companies depending on which coverage is best. If prices rise, your policy is moved internally which is easy for the insured. When shopping rates, you definitely need to get quotes from several independent agencies to ensure the widest selection of prices.

Shown below are Phoenix independent insurance agencies that are able to give price quote information.

More Phoenix agents

Car insurance coverage information

Understanding the coverages of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as hitting a mailbox, backing into a parked car, colliding with another moving vehicle and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible on your RX-8 to bring the cost down.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as damage to your Mazda RX-8.

Due to the fact that many Arizona drivers only carry the minimum required liability limits (15/30/10), their limits can quickly be used up. So UM/UIM coverage is very important.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like X-ray expenses, ambulance fees, doctor visits and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

This coverage protects you from damage or injury you incur to a person or their property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 15/30/10 which means $15,000 bodily injury coverage, a limit of $30,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property.

Liability coverage pays for claims like medical services, funeral expenses and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford. Arizona requires minimum liability limits of 15/30/10 but you should consider buying higher limits.

Comprehensive (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 and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as theft, hitting a bird, falling objects and a broken windshield. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Compare auto insurance prices regularly to save

Lower-priced auto insurance in Phoenix is available both online and with local Phoenix insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. A few companies may not provide the ability to get a quote online and these smaller providers provide coverage only through independent agents.

In this article, we covered some good ideas how you can shop for Mazda RX-8 insurance online. The key concept to understand is the more times you quote, the better likelihood of getting cheaper Phoenix auto insurance quotes. You may even be surprised to find that the biggest savings come from the least-expected company.

When searching for the cheapest Mazda RX-8 rate quotes, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice liability limits or collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

Additional detailed information can be found in these articles:

• Comprehensive Coverage (Liberty Mutual)
• Who Has Affordable Phoenix Car Insurance Rates for a Toyota Tundra? (FAQ)
• Who Has Affordable Car Insurance Quotes for Postal Workers in Phoenix? (FAQ)
• Who Has the Cheapest Car Insurance for Handicapped Drivers in Phoenix? (FAQ)
• Who Has Affordable Phoenix Auto Insurance for Single Moms? (FAQ)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
• Safety Tips for Teen Drivers (Insurance Information Institute)
• How Does Hitting a Deer Impact Insurance Rates? (Allstate)