How Much Does 1994 Mazda RX-7 Insurance Cost?

Want cheaper insurance rates for your Mazda RX-7? No one in their right mind likes paying for insurance, in particular when the cost is way too high. Multiple insurers compete for your business, and because of this it can be hard to compare auto insurance companies and get the best coverage at the best rate

Lots of discounts mean lots of savings

Companies offering auto insurance don’t always list all their discounts in a way that’s easy to find, so the following is a list of both the well known as well as the least known discounts you could be receiving. If you aren’t receiving every discount available, you are paying more than you should be.

  • New Car Discount – Insuring a new car can save up to 30% since new cars are generally safer.
  • Discounts for Safe Drivers – Safe drivers may save up to 50% more for RX-7 insurance than drivers with accident claims.
  • Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with lower rates on the low mileage vehicles.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance coverage policy may reduce the rate for each vehicle.
  • Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off for RX-7 insurance depending on your company.
  • Multiple Policy Discount – If you insure your home and vehicles with one company you will save 10% to 20% off each policy.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates you can get free auto insurance, companies wouldn’t make money that way.

For a list of insurance companies offering insurance coverage discounts, click here.

Which Auto Insurance is Cheapest?

Most companies allow you to get price estimates online. Getting online quotes is pretty easy as you just type in your required coverages as requested by the quote form. After you submit the form the system automatically orders credit information and your driving record and generates pricing information based on many factors. Online price quotes simplifies rate comparisons, but the work required to visit many different websites and complete many quote forms can be a bit repetitive. But it’s absolutely necessary to get many rate quotes in order to get a better rate.

Isn’t there an easier way to compare rates?

The preferred way to compare auto insurance pricing utilizes a single form that obtains quotes from multiple companies. It saves time, eliminates repetitive work, and makes quoting online a little more enjoyable. After sending the form, it gets priced and you can choose your choice of the pricing results. If one or more price quotes are lower than your current rates, you can simply submit the application and purchase coverage. This process just takes a couple of minutes and you’ll know if lower rates are available.

To get comparison pricing now, click here to open in new window and submit the form. If you currently have coverage, we recommend you complete the form with the limits and deductibles exactly as they are listed on your policy. This guarantees you’re receiving rate comparison quotes for similar insurance coverage.

Situations that might require an agent

When it comes to buying adequate coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that For example, these questions might help in determining whether you might need professional guidance.

  • Is my Mazda RX-7 covered if I use it for business?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What is the minimum liability in my state?
  • Exactly who is provided coverage by my policy?
  • Should I carry comprehensive and collision coverage?
  • What if I owe more than I can insure my car for?
  • Do I have coverage if my license is suspended?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.

Auto insurance coverages explained

Having a good grasp of your auto insurance policy helps when choosing the right coverages for your vehicles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types found on most auto insurance policies.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Mazda RX-7.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for expenses like dental work, chiropractic care and prosthetic devices. They can be utilized in addition to your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Coverage for collisions

This coverage covers damage to your RX-7 resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as hitting a parking meter, damaging your car on a curb, colliding with a tree, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Auto liability insurance

This coverage protects you from damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things such as emergency aid, structural damage and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Comprehensive auto insurance

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, falling objects and hail damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Money doesn’t grow on trees

In this article, we covered a lot of information how to save on 1994 Mazda RX-7 insurance. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from an unexpected company. These smaller insurers often have lower prices on specific markets as compared to the big name companies such as State Farm or Progressive.

Cheaper insurance is possible both online and with local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers do not offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.

Much more information about insurance coverage can be found on the following sites: