Save Money on Mazda RX-8 Insurance in Fort Worth

Discount Mazda RX-8 insuranceThe recommended way to save money on Mazda RX-8 insurance is to begin comparing prices regularly from providers in Fort Worth. Price quotes can be compared by following these guidelines.

The key thing to remember is to try to compare the same physical damage deductibles and liability limits on every quote and and to compare as many companies as feasibly possible. This provides an accurate price comparison and a complete price analysis.

Unbelievable but true, most consumers kept buying from the same company for a minimum of four years, and just under half have never even compared quotes to find cheap rates. Many drivers in Texas can save as much as $1,770 each year, but they won’t spend time to compare rates.

If you already have coverage or are looking for a new policy, you can follow these tips to reduce the price you pay without sacrificing coverage. Getting quotes for the best-priced car insurance in Fort Worth is simple if you know the tricks. Drivers just need to learn the best way to shop their coverage around from multiple carriers.

Coverage statistics and figures

The premium information displayed next showcases estimates of rate quotes for Mazda RX-8 models. Learning as much as possible about how insurance policy premiums are figured helps drivers make informed decisions.

Mazda RX-8 Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $470 $698 $500 $30 $150 $1,848 $154
RX-8 Grand Touring 4-Dr Coupe $470 $804 $500 $30 $150 $1,954 $163
RX-8 R3 4-Dr Coupe $470 $804 $500 $30 $150 $1,954 $163
Get Your Own Custom Quote Go

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Table data does not factor in Fort Worth location which can raise or lower price quotes considerably.

Physical damage deductibles

One common question asked by Fort Worth drivers is how high should the physical damage coverage deductibles be. The comparison tables below can help you understand the cost difference when you choose different comp and collision deductibles. The first data set uses a $100 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Mazda RX-8 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $412 $698 $382 $22 $114 $1,653 $138
RX-8 Grand Touring 4-Dr Coupe $412 $804 $382 $22 $114 $1,759 $147
RX-8 R3 4-Dr Coupe $412 $804 $382 $22 $114 $1,759 $147
Get Your Own Custom Quote Go

Mazda RX-8 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $228 $368 $382 $22 $114 $1,114 $93
RX-8 Grand Touring 4-Dr Coupe $228 $424 $382 $22 $114 $1,170 $98
RX-8 R3 4-Dr Coupe $228 $424 $382 $22 $114 $1,170 $98
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price information does not factor in Fort Worth location which can revise insurance rates substantially.

We can derive from the above data that using a $100 deductible would cost the average driver about $48 more each month or $576 annually across all Mazda RX-8 models than requesting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 19 months between claim filings, you would save money if you opt for a higher deductible.

Mazda RX-8 insurance costs by age and gender

The information below illustrates the comparison of Mazda RX-8 annual premium costs for male and female drivers. The premiums assume no claims, a clean driving record, full coverage, $250 deductibles, single status, and no discounts are applied.

Do you need full coverage?

The information below shows the difference between Mazda RX-8 car insurance rates with and without full coverage. The data assumes no claims, a clean driving record, $100 deductibles, single marital status, and no discounts are factored in.

When to drop comprehensive and collision

There is no set guideline of when to eliminate physical damage coverage, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Mazda RX-8 settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after paying your policy deductible. If you are paying more than $500 a year for full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Why You Might Pay Higher Rates in Fort Worth

A large part of saving on car insurance is knowing the rating factors that play a part in calculating the rates you pay for car insurance. If you have some idea of what determines base rates, this helps enable you to make changes that could result in lower rates.

Adjust comp and collision deductibles and save – Deductibles for physical damage tell how much the insured will be required to pay if the claim is covered. Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of covered claims are rear-ending another vehicle, fire damage, and damage caused by road hazards. The more you are required to pay out-of-pocket, the better rate you will receive.

A policy lapse is a bad thing – Allowing your car insurance policy to lapse will be a guaranteed way to drive up your policy premiums. Not only will you pay higher rates, failure to provide proof of insurance may result in a steep fine or even jail time.

File claims and pay more – If you are the type of insured that files lots of claims you shouldn’t be surprised to get either a policy non-renewal or much higher rates. Car insurance companies in Texas give lower rates to policyholders that do not abuse their auto insurance. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.

Bad credit hurts insurance premiums – A driver’s credit score can be an important factor in calculating your car insurance rates. If your credit could use some work, you could potentially save money when insuring your Mazda RX-8 by improving your credit score. Consumers who have very good credit scores tend to be better drivers and file fewer claims than drivers with bad credit.

Infrequent drivers can save – Driving a lot of miles each year the higher the price you pay to insure it. A lot of insurance companies price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks used primarily for pleasure use receive lower rates than those that get driven frequently. Improper usage on your RX-8 is throwing money out the window. It’s always a good idea to double check that your car insurance coverage correctly shows how each vehicle is driven.

Get hitched and pay less – Being married may cut your premiums on car insurance. It means you’re less irresponsible and it’s proven that drivers who are married are more cautious.

Keep this in mind when shopping around

Budget-friendly auto insurance in Fort Worth can be found both online and from local agencies, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies may not have online rate quotes and these small, regional companies work with independent agents.

We just showed you a lot of ways to save on Mazda RX-8 insurance in Fort Worth. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding affordable Fort Worth car insurance quotes. You may even find the lowest prices come from a small local company. Regional companies may only write in your state and offer lower rates as compared to the big name companies such as GEICO and State Farm.

Other resources