The most effective way to find lower priced auto insurance rates is to do an annual price comparison from different companies who sell auto insurance in Raleigh. You can compare rates by following these guidelines.
- Step 1: Learn about how companies price auto insurance and the things you can control to prevent high rates. Many risk factors that cause rate increases like at-fault accidents, careless driving, and a not-so-good credit rating can be rectified by making minor changes to your lifestyle.
- Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agencies can provide price quotes from multiple sources.
- Step 3: Compare the price quotes to the premium of your current policy to see if a cheaper rate is available in Raleigh. If you can save some money, make sure coverage does not lapse between policies.
- Step 4: Tell your current agent or company to cancel the current policy and submit any necessary down payment along with the completed application to the new company. Immediately keep the new certificate of insurance with the vehicle registration.
The most important part of shopping around is to make sure you’re comparing the same level of coverage on each price quote and and to get rates from as many different companies as possible. This enables a fair price comparison and maximum price selection.
Sadly, the vast majority of auto insurance customers kept buying from the same company for over three years, and approximately 38% of consumers have never even compared rates from other companies. Many consumers in North Carolina could pocket approximately 10% a year by just comparing rate quotes, but they feel it’s too difficult to shop their coverage around.
The cheapest Raleigh Mazda RX-8 insurance price quotes online
To get inexpensive Raleigh auto insurance quotes, there a variety of ways to compare rate quotes from all the different companies. The simplest method to compare Mazda RX-8 insurance prices involves getting comparison quotes online.
When comparison shopping, having more price comparisons helps locate more affordable rates. Some insurance companies are not set up to provide rate quotes online, so you need to compare quotes from them as well.
The providers in the list below can provide price quotes in Raleigh, NC. In order to find cheaper car insurance in NC, we recommend you compare several of them in order to find the cheapest rates.
Earn discounts on Raleigh insurance
Auto insurance companies do not advertise all discounts in an easy-to-find place, so the next list breaks down both the well known as well as the least known discounts that may be available.
- Employee of Federal Government – Employees or retirees of the government could provide a small rate reduction with certain companies.
- Pay Early and Save – If you pay your bill all at once rather than paying in monthly installments you can avoid monthly service charges.
- Good Grades Discount – Being a good student may save as much as 25% on a Raleigh auto insurance quote. You can use this discount normally up to age 25.
- College Student – Older children who are attending college and do not take a car to college can receive lower rates.
- Student Driver Training – Teen drivers should participate in a local driver’s education class in school.
- Own a Home – Simply owning a home can save you money because owning a home demonstrates responsibility.
- Discounts for Multiple Vehicles – Buying coverage for several vehicles on one policy can get a discount for every vehicle.
- Cautious Driver Discounts – Insureds without accidents can save up to 40% or more on their Raleigh auto insurance quote compared to accident prone drivers.
- 55 and Retired – Drivers that qualify as senior citizens could receive lower premium rates.
- Early Signing – A few larger companies offer discounts for renewing your policy prior to the expiration date on your current RX-8 insurance policy. You can save around 10% with this discount.
Discounts save money, but please remember that most discounts do not apply to the entire cost. Most only apply to individual premiums such as comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, company stockholders wouldn’t be very happy. Any qualifying discounts will lower the cost of your policy.
The chart below shows the difference between Mazda RX-8 insurance costs with and without discounts applied to the premium. The price estimates are based on a female driver, no claims or driving citations, North Carolina state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, safe-driver, multi-policy, and claim-free discounts applied.
Large insurance companies and their possible discounts are detailed below.
- GEICO offers discounts for air bags, multi-policy, military active duty, five-year accident-free, anti-theft, multi-vehicle, and anti-lock brakes.
- MetLife may include discounts for multi-policy, accident-free, defensive driver, claim-free, good student, and good driver.
- Progressive includes discounts for good student, multi-policy, multi-vehicle, online quote discount, and online signing.
- Travelers offers premium reductions for driver training, home ownership, payment discounts, early quote, and save driver.
- SAFECO has savings for safe driver, accident prevention training, multi-car, bundle discounts, teen safety rewards, homeowner, and drive less.
- AAA discounts include multi-car, AAA membership discount, education and occupation, multi-policy, pay-in-full, and anti-theft.
When getting free Raleigh auto insurance quotes, it’s a good idea to each company or agent which discounts they offer. Savings may not apply to policies in your area. To see a list of insurance companies with discount rates in North Carolina, follow this link.
Coverage analysis
The rate information shown below outlines detailed analysis of insurance premium costs for Mazda RX-8 models. Having a good grasp of how auto insurance premiums are formulated can be valuable when making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $188 | $348 | $324 | $20 | $96 | $976 | $81 |
| RX-8 Grand Touring 4-Dr Coupe | $188 | $400 | $324 | $20 | $96 | $1,028 | $86 |
| RX-8 R3 4-Dr Coupe | $188 | $400 | $324 | $20 | $96 | $1,028 | $86 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Table data does not factor in specific zip code location which can modify premiums considerably.
Rate comparison for different deductibles
One of the most common car insurance questions is at what level do you set your deductibles. The comparison tables below can help show how much more rates are when you choose different policy deductibles. The first data set uses a $100 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $270 | $456 | $250 | $14 | $74 | $1,089 | $91 |
| RX-8 Grand Touring 4-Dr Coupe | $270 | $524 | $250 | $14 | $74 | $1,157 | $96 |
| RX-8 R3 4-Dr Coupe | $270 | $524 | $250 | $14 | $74 | $1,157 | $96 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $150 | $240 | $250 | $14 | $74 | $728 | $61 |
| RX-8 Grand Touring 4-Dr Coupe | $150 | $276 | $250 | $14 | $74 | $764 | $64 |
| RX-8 R3 4-Dr Coupe | $150 | $276 | $250 | $14 | $74 | $764 | $64 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific Raleigh garaging location which can influence auto insurance rates significantly.
Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $31 more each month or $372 each year averaged for all RX-8 models than opting for the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 29 months between claims, you would more than likely save some money if you choose the higher deductible.
Insurance rate increases from tickets or accidents
The example below demonstrates how traffic citations and accident claims can influence Mazda RX-8 auto insurance costs for different age groups. The data is based on a married male driver, full coverage, $100 deductibles, and no additional discounts are factored in.
Price comparison of only insuring for liability
The information below shows the difference between Mazda RX-8 insurance rates with liability coverage only compared to full coverage. The rate quotes are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied.
When to drop comprehensive and collision coverage
There is no written rule to stop paying for full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s assume your Mazda RX-8 replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after paying your deductible. If premium cost is more than $400 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some conditions where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.
Insurance agents can help
Some people would prefer to have an agent’s advice and that is just fine! A good thing about getting online price quotes is the fact that you can find cheap car insurance rates and also buy local. And supporting local insurance agents is still important in Raleigh.
To make it easy to find an agent, after completing this quick form, your insurance coverage information is sent to agents in your area that provide free Raleigh auto insurance quotes for your coverage. It makes it easy because there is no need to find an agent on your own due to the fact that quote results will go immediately to you. You can find lower rates and a licensed agent to work with. If you wish to compare prices from one company in particular, don’t hesitate to jump over to their website and submit a quote form there.
Two types of car insurance agents
If you’re trying to find a reliable agent, it’s important to understand the types of agencies and how they can service your needs differently. Car insurance agencies are classified as either exclusive or independent.
Independent Agencies or Brokers
Independent agencies can quote rates with many companies and that enables them to quote your coverage with a variety of different insurance companies and possibly get better coverage at lower prices. If you are not satisfied with one company, your agent can just switch to a different company and that require little work on your part.
When searching for an agent, it’s a good idea to get several quotes from multiple independent agents so that you have a good selection of quotes to compare. Most have the option of insuring with smaller mutual companies which can be an advantage.
Listed below is a list of independent insurance agents in Raleigh who may be able to give you free price quotes.
- Matt Roberts Agency, Inc.
1151 Falls River Avenue, Suite 105-A – Raleigh, NC 27614 – (919) 845-2999 – View Map - Blackmon Insurance
3416 Poole Rd # 110 – Raleigh, NC 27610 – (919) 231-8131 – View Map - Green and Wooten Insurance
800 Salem Woods Dr – Raleigh, NC 27615 – (919) 870-0021 – View Map
Exclusive Car Insurance Agents
Agents in the exclusive channel can only provide one company’s prices like State Farm, Allstate and AAA. These agents are unable to give you multiple price quotes so always compare other rates. These agents are well schooled on sales techniques which helps them sell on service rather than price. Consumers often use the same exclusive agent partially due to the brand legacy rather than low rates.
Listed below is a list of exclusive insurance agencies in Raleigh willing to provide price quote information.
- Allstate Insurance: Lauri W. Fair
9101 Leesville Rd Ste 111 – Raleigh, NC 27613 – (919) 846-3901 – View Map - Allstate Insurance: Thomas Walters
5620 Six Forks Rd Ste 103 – Raleigh, NC 27609 – (919) 848-8105 – View Map - Gina Tickle – State Farm Insurance Agent
8212 Creedmoor Rd #101 – Raleigh, NC 27613 – (919) 847-9774 – View Map
Picking a insurance agent should depend on more than just the bottom line cost. Here are some questions you should ask.
- Can they give you a list of client referrals?
- How often do they review policy coverages?
- How much will you save each year by using a higher deductible?
- Which insurance company do they prefer to write with?
- Are they giving you every discount you deserve?
- Do the agents have professional certifications like CPCU or CIC?
- Does the agent help file claims?
- Can you choose the body shop in case repairs are needed?
Which policy gives me the best coverage?
When it comes to buying the right insurance coverage for your vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.
For instance, these questions might help in determining if you could use an agent’s help.
- Is my vehicle covered by my employer’s policy when using it for work?
- Why does it cost so much to insure a teen driver in Raleigh?
- What exactly is covered by my policy?
- Should I buy additional glass protection?
- Can I afford to pay high deductible claims out of pocket?
- Are split liability limits better than a combined single limit?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, complete this form.
You Can Change Your Insurance Rates
Multiple criteria are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, although others are not as apparent such as your credit history or how financially stable you are.
The following are just a few of the factors used by companies to determine premiums.
Cheaper rates by bundling – Most major insurance companies will award better rates to people who have multiple policies with them, otherwise known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even if you already get this discount, drivers will still want to shop around to help ensure you have the lowest rates.
Performance affects insurance rates – The type of car, truck or SUV you are trying to find cheaper insurance for makes a substantial difference in how high your rates are. Lower cost passenger models generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.
The following chart uses these assumptions: single female driver age 30, full coverage with $500 deductibles, and no discounts or violations. The chart compares Mazda RX-8 rates compared to other vehicles that have different performance risks.
Do you really need to file those insurance claims? – If you are the type of insured that files lots of claims you can expect higher rates. Companies in North Carolina provide better rates to people who do not rely on their insurance for small claims. Your car insurance is intended to be relied upon for the large, substantial claims.
Certain vocations pay higher premiums – Do you have a high-stress occupation? Jobs such as fire fighters, air traffic controllers, and accountants are shown to have higher premium rates because of stressful work requirements and extremely grueling work hours. Conversely, professions such as farmers, engineers and homemakers have the lowest average rates.
Save by driving less – Driving more miles in a year the more it will cost to insure it. Many insurance companies charge to insure your cars partially by how you use the vehicle. Autos that sit idle most of the time can get a lower rate than those that get driven frequently. An incorrectly rated RX-8 can result in significantly higher rates. Verify your insurance coverage reflects the right rating data, because improper ratings can cost you money.
Single drivers take more risk – Having a wife or husband may save some money when shopping for insurance. It means you’re less irresponsible and insurance companies like that married drivers tend to have fewer serious accidents.
Protect your Mazda RX-8 and other assets
Even though it’s not necessarily cheap to insure a Mazda in Raleigh, buying auto insurance is a good idea for several reasons.
- Almost all states have compulsory liability insurance requirements which means the state requires a minimum amount of liability protection in order to license the vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a loan, it’s most likely the lender will make it mandatory that you buy full coverage to protect their interest in the vehicle. If the policy lapses, the bank or lender will purchase a policy for your Mazda for a much higher rate and force you to reimburse them for the much more expensive policy.
- Insurance safeguards both your assets and your Mazda. It will also reimburse you for medical transport and hospital expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses in the event you are sued. If you have damage to your Mazda as the result of the weather or an accident, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance outweigh the cost, particularly for liability claims. Today the average American driver is currently overpaying as much as $825 a year so shop around each time the policy renews to make sure the price is not too high.
What is YOUR best insurance company?
As you go through the steps to switch your coverage, never skimp on coverage in order to save money. There are many occasions where drivers have reduced liability limits or collision coverage only to discover later that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find for the lowest price.
We covered a lot of techniques to shop for Mazda RX-8 insurance online. The key thing to remember is the more you quote Raleigh auto insurance, the better chance you’ll have of finding affordable Raleigh auto insurance quotes. Drivers may even discover the lowest prices come from some of the lesser-known companies.
People switch companies for a number of reasons such as high rates after DUI convictions, being labeled a high risk driver, delays in paying claims or unfair underwriting practices. It doesn’t matter what your reason, choosing a new insurance company can be easy and end up saving you some money.
To read more, take a look at the articles below:
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- How Much is Raleigh Auto Insurance for a Toyota Highlander? (FAQ)
- Who Has Affordable Raleigh Car Insurance for a Dodge Journey? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Over Age 70 in Raleigh? (FAQ)
- How Much is Auto Insurance After a Speeding Ticket in Raleigh? (FAQ)
- Who Has Cheap Auto Insurance Rates for Active Military in Raleigh? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Auto Insurance FAQ (Farmers Insurance)
- Older Drivers FAQ (iihs.org)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)