2008 Mazda RX-8 Insurance Rates – 8 Policy Discounts

Looking for cheaper insurance rates for your Mazda RX-8? Nobody enjoys paying for insurance, especially when their premiums are through the roof.

Big companies like Allstate, Progressive and GEICO constantly bombard you with TV and radio ads and it can be hard to see through the deception and take the time to shop coverage around.

It’s important to do rate comparisons yearly because insurance rates are adjusted regularly by insurance companies. Just because you found the best price on RX-8 coverage a year ago you can probably find a better price now. So block out anything you think you know about insurance because it’s time to teach you the right way to reduce your cost while increasing coverage.

Fast and Easy Insurance Quotes

There are a variety of methods you can shop for 2008 Mazda RX-8 insurance but there is one way that is less time-consuming than others. You could spend your day talking about coverages with insurance agencies in your area, or you could save time and use online quotes for quick rates.

The majority of car insurance companies participate in an industry program where prospective buyers enter their coverage request one time, and each company then gives them pricing based on that information. This eliminates the need for quotation requests to each individual insurance company.

To find out how much you can save on insurance click here (opens in new window).

The only downside to doing it this way is you cannot specify which companies to get quotes from. So if you prefer to choose specific providers to compare prices, we have assembled a list of the cheapest insurance companies in your area. Click here to view list.

Which method you use is up to you, but ensure you are comparing identical coverage limits and deductibles on every quote you get. If you are comparing higher or lower deductibles you will not be able to decipher which rate is best. Quoting even small variations in coverages can mean a large discrepancy in price. And when price shopping your coverage, getting more free quotes will improve the odds of getting lower pricing.

Pay less for 2008 Mazda RX-8 insurance

Insuring your vehicles can cost a lot, but companies offer discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you complete an application, but some may not be applied and must be manually applied before they will apply.

  • Passive Restraints and Air Bags – Factory air bags may earn rate discounts up to 30%.
  • Driver Safety – Taking part in a course teaching defensive driving skills could save 5% or more if you qualify.
  • Organization Discounts – Being a member of a qualifying organization could trigger savings when buying car insurance on RX-8 coverage.
  • Safe Drivers – Drivers who avoid accidents can pay as much as 50% less on RX-8 coverage than less cautious drivers.
  • Student in College – Youth drivers living away from home attending college without a vehicle on campus can be insured at a reduced rate.
  • Sign Online – A few companies may give you up to $50 for buying your policy online.
  • Theft Prevention System – Vehicles with anti-theft systems help deter theft and qualify for as much as a 10% discount.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. It can save you around 10%.

Drivers should understand that some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like physical damage coverage or medical payments. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any amount of discount will cut the cost of coverage.

A partial list of companies that may have these discounts may include but are not limited to:

Double check with all companies you are considering what discounts are available to you. Some discounts might not be offered everywhere.

Tailor your coverage to you

When buying proper insurance coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can help discover if you will benefit from professional help.

  • If my pet gets injured in an accident are they covered?
  • Do I have coverage if my license is suspended?
  • Is my cargo covered for damage or theft?
  • Does my insurance cover a custom paint job?
  • Is my 2008 Mazda RX-8 covered for flood damage?
  • Is rental equipment covered for theft or damage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is an SR-22 filing?
  • Is business equipment covered while in my vehicle?
  • Do I have coverage when making deliveries for my home business?

If you can’t answer these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Insurance coverages 101

Learning about specific coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement. These are the usual coverages found on most insurance policies.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Liability auto insurance – Liability insurance will cover damage or injury you incur to other’s property or people in an accident. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like emergency aid, pain and suffering, loss of income, repair costs for stationary objects and funeral expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Collision – Collision insurance covers damage to your RX-8 caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a parking meter, rolling your car, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, theft, hail damage and falling objects. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for immediate expenses for doctor visits, funeral costs, nursing services, chiropractic care and X-ray expenses. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay