View 2005 Mazda RX-8 Car Insurance Rates

Searching for the cheapest insurance coverage rates for your Mazda RX-8? Are you burned out from not being able to afford each month for insurance coverage? Your situation is no different than many other drivers.

Insurance companies such as Allstate and Progressive constantly bombard you with ads and it is difficult to ignore the promise of big savings and find the best price available.

More affordable rates by taking advantage of discounts

Some insurance providers don’t always publicize every policy discount very clearly, so the list below contains both well-publicized as well as the least known savings tricks you should be using when you buy auto insurance online.

  • Discount for Passive Restraints – Vehicles with factory air bags or automatic seat belts may get savings as much as 30%.
  • Mature Driver Discount – Drivers that qualify as senior citizens can possibly qualify for reduced rates for RX-8 insurance.
  • Auto/Home Discount – If you can combine your home and auto policy with one insurance company they may give you a discount of at least 10 to 15 percent or more.
  • Accident Waiver – Not necessarily a discount, but companies like Liberty Mutual and GEICO will forgive one accident before your rates go up if your claims history is clear for a set time period.
  • Driver Education Discount – Cut your cost by having your teen driver sucessfully take a drivers education course in school.
  • Low Mileage Discounts – Low annual miles can earn cheaper premium rates.
  • Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
  • Onboard Data Collection – Insureds that choose to allow companies to look at vehicle usage remotely such as Snapshot from Progressive or Drivewise from Allstate might get better premium rates as long as the data is positive.
  • Theft Deterent Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.

One last thing about discounts, some of the credits will not apply the the whole policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though you would think adding up those discounts means a free policy, you aren’t that lucky.

A few of the larger companies and a summarized list of policyholder discounts can be read below.

  • Progressive policyholders can earn discounts including continuous coverage, online signing, online quote discount, multi-policy, multi-vehicle, homeowner, and good student.
  • Farmers Insurance discounts include bundle discounts, teen driver, electronic funds transfer, pay in full, and multi-car.
  • Farm Bureau has discounts for driver training, youthful driver, renewal discount, 55 and retired, safe driver, multi-vehicle, and multi-policy.
  • State Farm has savings for multiple policy, Drive Safe & Save, driver’s education, good student, multiple autos, student away at school, and accident-free.
  • GEICO offers discounts including multi-policy, good student, emergency military deployment, air bags, anti-theft, and federal employee.
  • SAFECO offers discounts for bundle discounts, safe driver, anti-theft, multi-car, drive less, and teen safety rewards.
  • Liberty Mutual includes discounts for multi-car, hybrid vehicle, safety features, new move discount, multi-policy, newly retired, and exclusive group savings.

Before you buy a policy, ask every prospective company what discounts are available to you. Discounts may not apply to policies everywhere. To choose insurance companies that offer some of these discounts, click here.

How much insurance coverage do I need?

When buying the best insurance coverage coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions may help you determine if your insurance needs will benefit from professional help.

  • Why do I only qualify for high-risk insurance?
  • Is motorclub coverage worth it?
  • Should I put collision coverage on all my vehicles?
  • Do I really need UM/UIM coverage?
  • Does having multiple vehicles earn me a discount?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Auto insurance coverages

Knowing the specifics of insurance can help you determine appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are the normal coverages found on most insurance policies.

Liability – This coverage protects you from damage or injury you incur to other people or property that is your fault. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things like emergency aid, medical services, repair costs for stationary objects and legal defense fees. How much coverage you buy is up to you, but consider buying higher limits if possible.

Comprehensive coverages – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like hail damage, a broken windshield and damage from flooding. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured and underinsured coverage – This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your 2005 Mazda RX-8.

Since many 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. Most of the time the UM/UIM limits are set the same as your liablity limits.

Collision coverage – Collision insurance pays for damage to your RX-8 resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as hitting a mailbox, rolling your car, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for immediate expenses for chiropractic care, EMT expenses and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Coverage on a shoestring budget

We just showed you quite a bit of information on how to compare 2005 Mazda RX-8 insurance premium rates online. It’s most important to understand that the more you quote auto insurance, the higher your chance of finding inexpensive auto insurance. You may even find the best premium rates are with the smaller companies. Smaller companies may have significantly lower prices on certain market segments compared to the large companies like Allstate, GEICO and Progressive.

When you buy auto insurance online, it’s not a good idea to reduce needed coverages to save money. In too many instances, an insured dropped liability limits or collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at the best possible price, not the least amount of coverage.

There are still a few companies who may not offer online price quotes and many times these regional carriers sell through independent agencies. Cheaper 2005 Mazda RX-8 insurance can be purchased online and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture.

More information can be read at the links below