1995 Mazda RX-7 Insurance Cost – 5 Tips for Best Prices

Trying to find the cheapest insurance rates for your Mazda RX-7? Searching for the cheapest insurance for a Mazda RX-7 could be an all-consuming task, but you can learn our insurance buying tips to find lower rates. There are more efficient ways to shop for insurance so we’re going to tell you the best way to price shop coverage for your Mazda and get the lowest possible price from both online companies and local agents.

Smart consumers take time to price shop coverage yearly because prices change frequently. Just because you had the best rates for RX-7 insurance a couple years back you may be paying too much now. So just ignore everything you know about insurance because you’re about to learn the best way to find better rates and still maintain coverage.

If you have a policy now or need new coverage, you can use these techniques to find better prices while maintaining coverages. Finding affordable insurance coverage is quite easy. Consumers just need to learn the proper way to compare rates online.

Which Auto Insurance is Cheapest?

Performing a rate comparison can be challenging if you don’t know the best way to get rate quotes. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you can stay home and use online quoting to achieve your goal.

Many of the larger companies belong to an insurance system that allows shoppers to send in one quote, and every company then returns a price quote for coverage. This saves time by eliminating quote requests for each company you want a rate for. To submit your quote information now, click to open in new window.

The one downside to using this type of system is that consumers can’t choose which companies to get quotes from. So if you want to choose specific insurance companies to request quotes from, we have a page of the cheapest auto insurance companies in your area. Click to view list.

Whichever method you choose, double check that you are using the exact same quote information for each comparison quote. If you use different liability limits it’s impossible to determine the best price for your Mazda RX-7.

Do you really save 40% when you switch?

Drivers get pounded daily by advertisements for the lowest price auto insurance from companies such as Allstate and Progressive. They all say the same thing of big savings after switching your policy.

How do they all say the same thing? It’s all in the numbers.

All companies have a certain “appetite” for the type of customer they prefer to insure. For instance, a preferred risk might be a mature driver, insures multiple vehicles, and has excellent credit. A customer who meets those qualifications will get very good rates and therefore will pay quite a bit less when switching companies.

Consumers who don’t measure up to the “perfect” profile will have to pay higher premiums and this can result in the driver buying from a lower-cost company. The ads state “customers that switch” not “everyone that quotes” save that much. That is how insurance companies can confidently state the savings. Because of the profiling, you absolutely need to get a wide range of price quotes. It’s impossible to know which insurance companies will give you the biggest savings on Mazda RX-7 insurance.

Pay less by taking advantage of these five discounts

Car insurance companies do not advertise every discount in a way that’s easy to find, so the following is a list of some of the best known as well as the least known discounts you could be receiving. If you aren’t receiving every discount available, you’re just leaving money on the table.

  • Payment Method – If you pay your bill all at once instead of paying each month you could save up to 5%.
  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.
  • Employee of Federal Government – Active or retired federal employment can earn a discount up to 10% for RX-7 insurance with certain companies.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can receive discounts of more than 20%.
  • Sign Early and Save – A few companies offer discounts for buying a policy prior to your current policy expiring. It can save you around 10%.

It’s important to understand that most credits do not apply to the entire cost. Most only apply to specific coverage prices like medical payments or collision. So despite the fact that it appears you could get a free insurance coverage policy, insurance coverage companies aren’t that generous.

To see a list of providers with discount insurance coverage rates, click this link.

Your coverage should be tailored to you

When it comes to choosing the right insurance coverage, there is no “best” method to buy coverage. Everyone’s situation is unique.

For instance, these questions could help you determine if your insurance needs may require specific advice.

  • Should I put collision coverage on all my vehicles?
  • Will my rates increase for filing one claim?
  • Is motorclub coverage worth it?
  • Is my state a no-fault state?
  • Does insurance cover damages from a DUI accident?
  • Do I have coverage when pulling a U-Haul trailer?
  • Can my teen drive my company car?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I have newly-aquired coverage?
  • Am I better off with higher deductibles on my 1995 Mazda RX-7?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It’s fast, free and you can get the answers you need.

Specific coverages for a Mazda RX-7

Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive insurance

This will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, rock chips in glass and vandalism. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as colliding with a tree, backing into a parked car, scraping a guard rail, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for bills such as X-ray expenses, nursing services, funeral costs, prosthetic devices and doctor visits. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Liability auto insurance

This can cover damages or injuries you inflict on other’s property or people. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against things such as attorney fees, legal defense fees, medical services, court costs and medical expenses. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Mazda RX-7.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Cheaper insurance is a realistic goal

As you prepare to switch companies, don’t be tempted to buy poor coverage just to save money. There have been many situations where an accident victim reduced uninsured motorist or liability limits only to regret that the savings was not a smart move. Your strategy should be to buy enough coverage for the lowest price.

Lower-priced 1995 Mazda RX-7 insurance is available both online and with local insurance agents, and you should compare price quotes from both to have the best rate selection. A few companies do not offer online quoting and these small insurance companies work with independent agents.

Insureds switch companies for a number of reasons such as lack of trust in their agent, poor customer service, policy cancellation and high rates after DUI convictions. Regardless of your reason, switching companies is pretty easy and you might even save some money in the process.

Much more information about auto insurance can be read at these links: