Save on 1991 Mazda RX-7 Insurance Cost

Want lower insurance coverage rates for your Mazda RX-7? Are you overwhelmed by the wide range of insurance coverage options? You’re not alone. People have so many choices that it can be a real hassle to compare prices.

If you are paying for car insurance now, you should be able to cut costs considerably using these techniques. This article will introduce you to the best way to quote coverages. But vehicle owners benefit from understanding how big insurance companies market on the web because it can help you find the best coverage.

Comprehensive Insurance Coverage Comparison

To find the best insurance coverage prices, there are several ways of comparing rate quotes from insurance coverage companies in your area. One of the best ways to find the cheapest 1991 Mazda RX-7 insurance rates involves getting comparison quotes online. This can be done using a couple different methods.

  1. The easiest and least time consuming way to find low rates is a comparison rater form click to view form in new window. This type of form keeps you from doing repetitive form submissions for every insurance coverage company. A single, simple form gets you price quotes from several companies. It’s definitely the quickest method.
  2. A less efficient way to obtain and compare quotes online is spending the time to visit the website of each company to complete a price quote. For sake of this example, let’s say you want rates from Nationwide, Farmers and GEICO. You would have to spend time on each company’s site and enter your information, and that’s why the first method is more popular.

    To view a list of companies in your area, click here.

  3. The hardest method to compare rates is driving to insurance agents’ offices. The internet makes this process obsolete unless you require the professional guidance only provided by licensed agents. Drivers can find lower rates online and get advice from an agent in your area. We’ll cover that shortly.

However you get your quotes, make absolute certain that you use exactly the same coverages and limits for every quote you compare. If you enter different values for each quote you can’t possibly truly determine the lowest rate. Quoting even small variations in insurance coverages can result in a big premium difference. And when comparison shopping, comparing a large number of companies helps you find better pricing.

Is there truth in advertising?

Insurance coverage companies such as State Farm and Allstate consistently run ads on television and other media. They all seem to make an identical promise of big savings if you change to them. How do they all claim to save you money?

All the different companies have a preferred profile for the right customer they prefer to insure. For instance, a preferred risk could be between the ages of 40 and 55, has no driving citations, and drives less than 10,000 miles a year. A driver who fits that profile receives the best rates and is almost guaranteed to save a lot of money.

Drivers who fall outside these standards will be charged more money which usually ends up with business not being written. The ad wording is “people who switch” but not “drivers who get quotes” save that kind of money. That’s the way insurance companies can confidently advertise the savings. That is why drivers must get as many quotes as possible. Because you never know the company that will fit your personal profile best.

Why your Mazda RX-7 insurance rates may be high

Smart consumers have a good feel for some of the elements that come into play when calculating insurance coverage rates. Knowing what determines base rates helps enable you to make changes that can help you get better insurance coverage rates.

The list below includes a partial list of the pieces that factor into your rates.

  • Liability coverage is peace of mind – The liability section of your policy is the protection when a court rules you are at fault for damages caused by your negligence. It will provide for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not cut corners here.
  • Don’t cancel a policy without a new one in place – Not having insurance is a misdemeanor and you will pay a penalty because you let your insurance expire. Not only will rates go up, but being ticketed for driving with no insurance can result in a license revocation or jail time.You may need to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Pay less after the wedding – Getting married can get you a discount on your policy. Marriage usually means you are more mature and responsible and it’s proven that drivers who are married are more cautious.
  • Where you live is a factor – Choosing to live in a small town can be a good thing when it comes to insurance coverage. Fewer people translates into fewer accidents. Drivers in populated areas have to deal with much more traffic to deal with and a longer drive to work. More time on the road can result in more accidents.
  • Do you need those extra coverages? – There are quite a few additional coverages you can purchase on your RX-7 policy. Coverages for personal injury protection, better glass coverage and membership fees may be costing you every month. These coverages may sound good initially, but your needs may have changed so eliminate them to save money.
  • Men pay higher rates – Statistics have proven that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Both sexes are in accidents in similar numbers, but the male of the species tend to have more serious accidents. Men also tend to get cited for more serious violations such as reckless driving.
  • Lower miles equals lower premium – Driving more miles in a year the more you will pay for insurance coverage. Most insurance companies price each vehicle’s coverage based on how the vehicle is used. Vehicles left parked in the garage receive lower rates compared to those used for work or business. An improperly rated RX-7 can result in significantly higher rates. Make sure your insurance coverage coverage shows the proper vehicle usage, because improper ratings can cost you money.
  • Your credit rating is important – Your credit score is a big factor in your rate calculation. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers with poor credit. Therefore, if your credit rating is low, you could pay less to insure your 1991 Mazda RX-7 by improving your credit score.

You probably qualify for some discounts

Companies that sell car insurance don’t list every available discount in a way that’s easy to find, so here is a list some of the more common as well as the least known discounts you could be receiving.

  • Safe Driver Discount – Drivers who don’t get into accidents can pay as much as 50% less for RX-7 insurance than less cautious drivers.
  • Paperwork-free – A handful of insurance companies may give you up to $50 for buying your policy on their website.
  • Resident Student – Kids in college living away from home attending college and don’t have a car can be insured at a reduced rate.
  • Multiple Policy Discount – When you combine your home and auto insurance with the same company you may earn up to 20% off your total premium.
  • No Accidents – Claim-free drivers can earn big discounts compared to frequent claim filers.
  • Discount for Good Grades – Getting good grades can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • Memberships – Being a member of a professional or civic organization may earn a discount when buying auto insurance for RX-7 insurance.
  • Anti-theft System – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Low Mileage Discounts – Keeping the miles down on your Mazda could be rewarded with lower rates on the low mileage vehicles.

Keep in mind that most discounts do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

Companies that may have these money-saving discounts include:

It’s a good idea to ask all companies you are considering which discounts they offer. Some discounts might not be offered in every state.

There’s no such thing as the perfect policy

When buying proper insurance coverage, there isn’t really a one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether your personal situation would benefit from professional advice.

  • Does coverage extend to a rental car in a foreign country?
  • Should I carry comprehensive and collision coverage?
  • Why am I required to buy liability insurance?
  • Am I covered if I break a side mirror?
  • Will filing a claim cost me more?
  • Do I need replacement cost coverage?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form.

Insurance coverages explained

Having a good grasp of a insurance policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive protection – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hitting a deer, fire damage, vandalism, falling objects and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability car insurance – Liability coverage provides protection from damages or injuries you inflict on other’s property or people. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as medical expenses, medical services and pain and suffering. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Collision coverages – Collision insurance pays for damage to your RX-7 caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as damaging your car on a curb, hitting a mailbox and driving through your garage door. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as nursing services, surgery, chiropractic care and prosthetic devices. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Don’t be a big spender

As you restructure your insurance plan, never buy poor coverage just to save money. There are too many instances where someone dropped liability coverage limits only to regret at claim time they didn’t purchase enough coverage. Your strategy should be to buy the best coverage you can find for the lowest price.

Lower-priced 1991 Mazda RX-7 insurance can be sourced from both online companies in addition to many insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

We just showed you a lot of ways to get a better price on insurance. The key thing to remember is the more price quotes you have, the better your comparison will be. Drivers may discover the lowest premiums are with some of the lesser-known companies.

More tips and info about insurance coverage is available in the articles below: