Locating the cheapest insurance for a new or used Mazda RX-7 could be a lot of work, but you can follow these tips to find lower rates.
There is a right way and a wrong way to find auto insurance online so you’re going to learn the best way to price shop coverage for a Mazda and locate the lowest possible price.
Pay less by taking advantage of discounts
Insurance can cost an arm and a leg, buy you may qualify for discounts to cut the cost considerably. Most are applied at quote time, but some may not be applied and must be specially asked for before being credited. If you aren’t receiving every discount available, you’re paying more than you need to.
- Use Seat Belts – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
- Defensive Driver – Taking part in a driver safety course could possibly earn you a 5% discount and easily recoup the cost of the course.
- Employee of Federal Government – Employees or retirees of the government can save as much as 8% on RX-7 insurance depending on your company.
- Senior Discount – Mature drivers may qualify for a small decrease in premiums on RX-7 insurance.
- Good Students Pay Less – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
It’s important to understand that most credits do not apply to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. So when the math indicates it’s possible to get free car insurance, you’re out of luck. But all discounts will bring down your overall premium however.
To see a list of providers with the best auto insurance discounts, follow this link.
Mazda RX-7 rates are complex
An important part of buying insurance is that you know the rating factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels empowers consumers to make smart changes that may reward you with big savings.
- Males pay more for insurance – The statistics show that men are more aggressive behind the wheel. Now that doesn’t mean men are WORSE drivers than women. Men and women tend to get into accidents at a similar rate, but men tend to have more serious accidents. Men also get more serious tickets like DUI and reckless driving.
- Do you know you’re credit rating? – A driver’s credit score is a huge factor in calculating your auto insurance rates. Consumers who have good credit tend to be less risk to insure than those with lower ratings. So if your credit is low, you could save money insuring your Mazda RX-7 by spending a little time repairing your credit.
- Little extras can really add up – There are a lot of add-on coverages that can waste your money on your RX-7 policy. Things like personal injury protection, accident forgiveness and motor club memberships may be costing you every month. These may sound like a good investment when you first buy your policy, but if you don’t need them remove them from your policy.
- Higher safety ratings means cheaper insurance – Vehicles with high crash test scores are cheaper to insure. Safe vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your Mazda earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
- Where do you drive? – Driving more miles in a year the higher your rates will be. Most insurance companies rate vehicles determined by how the vehicle is used. Cars not used for work or commuting receive lower rates than those used for commuting. Improper usage on your RX-7 can result in significantly higher rates. Ask your agent if your auto insurance coverage is rated on the proper vehicle usage, because improper ratings can cost you money.
- Lower rates with optional equipment – Choosing a vehicle with a theft deterrent system can help lower your rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
- Bad driving skills means higher rates – Careful drivers get better rates than bad drivers. Just one speeding ticket can boost insurance rates by as much as thirty percent. Drivers who have serious citations like reckless driving, hit and run or driving under the influence may need to file a SR-22 to the state department of motor vehicles in order to continue driving.
Car Insurance through a local agent
Certain consumers would prefer to buy from a licensed agent. Agents can help determine the best coverages and help file insurance claims. One of the best bonuses of getting online price quotes is you can get the lowest rates and still have an agent to talk to. Supporting local insurance agencies is especially important if you live in a smaller city or town.
Upon completion of this form (opens in new window), the quote information is immediately sent to participating agents who will battle for your business. You won’t need to leave your house due to the fact that quote results will go to the email address you provide. It doesn’t get any easier!
Car insurance agents come in two flavors
When searching for a local agent, there are a couple of different types of agents to choose from. Insurance agencies are classified as either captive or independent (non-captive). Both types can insure your vehicles, but it’s good to learn the differences since it may influence the selection process.
Independent Agents
Independent agencies are not required to write business for one company but rather can write business with multiple insurance companies and possibly get better coverage at lower prices. If your agent finds better pricing, the business is moved internally and you don’t have to find a new agent.
When shopping rates, we recommend you contact several independent insurance agents to have the most options to choose from. They often place coverage with lesser-known insurance companies which can be an advantage.
Captive Agents
This type of agents are contracted to one company such as AAA, State Farm, Farmers Insurance and Allstate. They are unable to provide prices from multiple companies so they have to upsell other benefits. Captive agents are trained well on their company’s products and that can be a competitive advantage. Consumers sometimes buy from captive agents primarily because of the prominence of the brand and solid financial strength.
To view a complete directory of insurance agents, visit this site.
Deciding on an auto insurance agent requires more thought than just the premium amount. Any agent should have no problem answering these questions:
- How long have they worked with personal auto insurance coverage?
- Can they give you a list of client referrals?
- Are claim adjusters local or do you have to take your car somewhere else?
- Is working in the agency their full-time job?
- Do they receive special compensation for putting your coverage with one company over another?
- Do the companies they represent have a solid financial rating?
- Do they make recommendations based only on price?
Once you have received acceptable answers to any questions you have and an acceptable price quote, it’s possible that you found an auto insurance agent that will provide auto insurance coverage.
In conclusion
As you restructure your insurance plan, never reduce needed coverages to save money. Too many times, someone dropped liability coverage limits only to regret that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase a proper amount of coverage at a price you can afford.
The cheapest Mazda RX-7 insurance can be purchased from both online companies in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies do not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.
Insureds switch companies for any number of reasons including high rates after DUI convictions, questionable increases in premium, delays in paying claims and even denial of a claim. Whatever your reason, switching auto insurance companies is not as difficult as it may seem.
