Cheaper 1995 Mazda RX-7 Car Insurance Rates

Paying for expensive Mazda RX-7 insurance can consume your checking account and force you to cut corners elsewhere. Multiple insurers compete for your business, so it can be very hard to choose a insurer to get the best price available.

It’s a good idea to take a look at other company’s rates every six months due to the fact that insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best quotes for RX-7 coverage two years ago you can probably find a better rate now. Don’t believe everything you read about car insurance out there, but you can learn some great ideas on how to stop overpaying for insurance.

The best way to compare rates is to take advantage of the fact car insurance companies participate in online systems to give you rate quotes. The only thing you need to do is give the companies some data such as how many miles driven, whether you drive to work or school, whether your vehicle is owned or leased, and the year, make and model of vehicles. Your rating data is instantly provided to many of the top insurers and they return rate quotes with very little delay.

Cheaper rates by taking advantage of discounts

Some insurers don’t always advertise all possible discounts very well, so the below list has some of the best known as well as some of the hidden discounts that you may qualify for.

• Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% for RX-7 coverage with some auto insurance companies.
• Discount for Home Ownership – Being a homeowner may trigger a policy discount on auto insurance because of the fact that having a home shows financial diligence.
• Telematics Data Discounts – Drivers that enable driving data submission to analyze driving habits by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if they are good drivers.
• Discounts for Seat Belt Usage – Drivers who require all occupants to buckle their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.
• Distant Student – College-age children who are attending college and do not have a car can be insured at a reduced rate.
• Discount for Passive Restraints – Factory options such as air bags can qualify for discounts of 20 to 30 percent.

One thing to note about discounts is that most discounts do not apply the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. Just because it seems like all those discounts means the company will pay you, companies don’t profit that way. Any amount of discount will definitely reduce your policy cost.

A list of companies and some of the premium reductions they offer include:

• 21st Century offers premium reductions for theft prevention, good student, driver training, 55 and older, and homeowners.
• Progressive policyholders can earn discounts including good student, continuous coverage, multi-policy, homeowner, online signing, online quote discount, and multi-vehicle.
• State Farm may offer discounts for driver’s education, Steer Clear safe driver discount, good student, safe vehicle, and good driver.
• Nationwide discounts include business or organization, good student, defensive driving, accident-free, Farm Bureau membership, multi-policy, and easy pay.
• Esurance offers discounts including anti-theft, renters, Pac-12 alumni, multi-policy, and multi-car.
• The Hartford has savings for good student, air bag, driver training, bundle, anti-theft, and defensive driver.

If you need affordable auto insurance quotes, ask all companies you are considering the best way to save money. Some of the earlier mentioned discounts might not be offered in your area. If you would like to choose from a list of companies who offer auto insurance discounts, click here.

How much insurance coverage do I need?

When buying proper insurance coverage, there isn’t really a “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions may help highlight if your situation may require specific advice.

• How does medical payments coverage work?
• Which is better, split liability limits or combined limits?
• What if I owe more than I can insure my car for?
• I have a DUI can I still get coverage?
• Am I covered if I wreck a rental car?
• Is rental equipment covered for theft or damage?

If you can’t answer these questions then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

The coverage is in the details

Understanding the coverages of insurance can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average insurance policy.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, theft, hail damage, fire damage and hitting a deer. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision – This coverage will pay to fix damage to your RX-7 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as rolling your car, crashing into a ditch, colliding with a tree and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your Mazda RX-7.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability – Liability insurance can cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things like repair costs for stationary objects, legal defense fees and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but buy higher limits if possible.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as prosthetic devices, rehabilitation expenses and pain medications. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage