View 1990 Mazda RX-7 Insurance Quotes

Finding lower premiums on car insurance is challenging for consumers not familiar with buying insurance online. There are so many companies to choose from that it can turn into more work than you anticipated to compare prices.

How to save on 1990 Mazda RX-7 insurance

Insurance can be prohibitively expensive, but there are discounts available that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but some may not be applied and must be inquired about prior to getting the savings.

  • Drive Safe and Save – Insureds without accidents may save up to 50% more on RX-7 coverage than drivers with accidents.
  • Accident Waiver – Some insurance companies will allow you to have one accident without raising rates so long as you haven’t had any claims prior to the accident.
  • Auto/Life Discount – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • Save with a New Car – Putting insurance coverage on a new car can cost up to 25% less due to better safety requirements for new cars.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts up to 30%.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
  • Driver Safety – Taking part in a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
  • Sign Online – A few companies give back up to $50 for buying your policy digitally online.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like adding up those discounts means a free policy, auto insurance companies aren’t that generous. Any amount of discount will cut the cost of coverage.

For a list of providers offering auto insurance discounts, click here.

Mazda RX-7 insurance premiums are calculated by many factors

An important part of buying insurance is that you know the rating factors that help determine your insurance rates. When you know what positively or negatively influences your rates helps enable you to make changes that can help you get lower insurance prices.

  • Your job and insurance rates – Occupations like real estate brokers, social workers and accountants tend to have higher rates than average because of stressful work requirements and lengthy work days. On the flip side, occupations like scientists, athletes and retirees receive lower rates on RX-7 coverage.
  • Cautious drivers pay less – Whether or not you get tickets has a lot to do with how much you pay for insurance. Drivers with clean records have lower premiums than their less careful counterparts. Only having one speeding ticket may increase your cost by twenty percent. Drivers with dangerous tickets like hit and run, DWI or reckless driving convictions are required to submit a SR-22 form to the state department of motor vehicles in order to prevent a license revocation.
  • Where you live is a factor – Living in a small town can save you money when talking about insurance. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft. Urban drivers have traffic congestion and a longer drive to work. More time commuting means higher likelihood of an accident.
  • Battle of the sexes – Statistics have proven women are more cautious behind the wheel. Now that doesn’t mean women are better drivers. Both sexes are in accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like DUI and reckless driving.
  • Policy add-ons can waste money – There are a lot of add-on coverages that you can buy when buying insurance. Things like vanishing deductibles, towing coverage and additional equipment coverage may be costing you every month. These may sound like a good investment at first, but now you might not need them so remove them from your policy.

Tailor your coverage to you

When buying coverage for your vehicles, there is no perfect coverage plan. Each situation is unique.

These are some specific questions can aid in determining if you might need an agent’s assistance.

  • Do I need rental car coverage?
  • Can my babysitter drive my car?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What if I total my 1990 Mazda RX-7 and owe more than it’s worth?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How much liability coverage do I need in my state?
  • Does my policy pay for OEM or aftermarket parts?
  • What is the difference between comprehensive and collision coverage?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form.

Auto insurance 101

Learning about specific coverages of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. Insurance terms can be ambiguous and nobody wants to actually read their policy.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Mazda RX-7.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

Auto collision coverage

Collision coverage pays for damage to your RX-7 caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with another moving vehicle, damaging your car on a curb and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for 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 pays for things such as falling objects, a tree branch falling on your vehicle, fire damage, vandalism and damage from flooding. The most a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability car insurance

This coverage provides protection from injuries or damage you cause to people or other property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for claims such as emergency aid, court costs, pain and suffering, repair bills for other people’s vehicles and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses such as surgery, X-ray expenses, doctor visits, rehabilitation expenses and EMT expenses. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Be a smart shopper

When shopping online for auto insurance, it’s very important that you do not skimp on coverage in order to save money. Too many times, an insured cut liability coverage limits and learned later that the few dollars in savings costed them thousands. The ultimate goal is to find the BEST coverage at the best price while still protecting your assets.

We just presented many ideas to compare 1990 Mazda RX-7 insurance prices online. The key thing to remember is the more you quote, the higher the chance of saving money. Consumers could even find that the most savings is with an unexpected company.

Budget-conscious insurance is attainable both online as well as from independent agents, and you need to price shop both in order to have the best chance of saving money. Some companies don’t offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

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