Mazda RX-8 Insurance Rate Quotes in Raleigh

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.

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.

Insurance for Mazda RX-8Sadly, 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.Insurance discounts

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.

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.

Mazda RX-8 Insurance Rates in Raleigh, NC
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
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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.

Mazda RX-8 insurance rates with $100 deductibles
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
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Mazda RX-8 insurance rates with $1,000 deductibles
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
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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.

Raleigh insurance agentsTo 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.

More Raleigh agents

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.

More Raleigh agents

Picking a insurance agent should depend on more than just the bottom line cost. Here are some questions you should ask.

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.Drive safe and save

For instance, these questions might help in determining if you could use an agent’s help.

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.

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.

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