Anyone knows that insurance companies want to keep you from comparing rates. Drivers who perform rate comparisons are likely to move their business because of the good chance of finding coverage at a cheaper rate. Surprisingly, a recent survey revealed that consumers who did price comparisons regularly saved over $860 a year as compared to drivers who never compared prices.
If finding the lowest price on car insurance is why you’re here, then learning about how to quote and compare car insurance can help make the process easier and more efficient.
The most effective way to get low-cost Mazda RX-8 insurance is to do an annual price comparison from insurers who provide car insurance in Nashville. This can be done by following these guidelines.
- Get a basic knowledge of the different coverages in a policy and the changes you can make to prevent rate increases. Many policy risk factors that are responsible for high rates like traffic violations, accidents, and poor credit can be amended by improving your driving habits or financial responsibility.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or State Farm, while independent agents can provide rate quotes from multiple companies.
- Compare the new rates to the price on your current policy and determine if cheaper RX-8 coverage is available in Nashville. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
One key aspect when comparing rates is to make sure you’re comparing identical limits and deductibles on each price quote and and to get quotes from as many carriers as you can. Doing this enables a fair rate comparison and and a good selection of different prices.
How to buy Mazda RX-8 insurance online
To find the best auto insurance quotes, there are several ways of comparing rates from different companies. The easiest way by far to do a complete rate comparison is to perform an online rate comparison.
It’s important to know that having more price comparisons will enable you to find more affordable rates.
The providers in the list below provide price comparisons in Nashville, TN. To locate cheap car insurance in Tennessee, we recommend you click on several of them to get the best price comparison.
Auto insurance just makes sense
Despite the high insurance cost for a Mazda RX-8 in Nashville, insuring your vehicle is required in Tennessee but also provides important benefits.
- Almost all states have minimum mandated liability insurance limits which means state laws require specific minimum amounts of liability insurance in order to drive the car. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a loan on your RX-8, most lenders will make it mandatory that you have full coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Mazda at a more expensive rate and force you to pay for the much more expensive policy.
- Auto insurance protects both your assets and your vehicle. It will also provide coverage for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your policy will pay to restore your vehicle to like-new condition.
The benefits of buying auto insurance are definitely more than the cost, especially if you ever need it. According to a survey of 1,000 drivers, the average driver is wasting up to $825 a year so you should quote and compare rates at every policy renewal to ensure rates are competitive.
Insurance statistics for a Mazda RX-8
The rate table shown next highlights different coverage costs for Mazda RX-8 models. Having knowledge of how rate quotes are determined can benefit drivers when making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $256 | $408 | $298 | $18 | $90 | $1,070 | $89 |
| RX-8 Grand Touring 4-Dr Coupe | $256 | $470 | $298 | $18 | $90 | $1,132 | $94 |
| RX-8 R3 4-Dr Coupe | $256 | $470 | $298 | $18 | $90 | $1,132 | $94 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Table data does not factor in garaging location in Nashville which can revise coverage rates substantially.
Insurance deductibles
One of the hardest decisions when shopping for insurance is at what level do you set your deductibles. The comparison tables below outline the rate differences of buying low and high deductibles. The first set of prices uses a $100 physical damage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $312 | $528 | $288 | $18 | $86 | $1,257 | $105 |
| RX-8 Grand Touring 4-Dr Coupe | $312 | $608 | $288 | $18 | $86 | $1,337 | $111 |
| RX-8 R3 4-Dr Coupe | $312 | $608 | $288 | $18 | $86 | $1,337 | $111 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $174 | $278 | $288 | $18 | $86 | $844 | $70 |
| RX-8 Grand Touring 4-Dr Coupe | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| RX-8 R3 4-Dr Coupe | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Price estimates do not factor in Nashville location which can alter price quotes significantly.
Using the premium rates above, we can conclude that using a $100 deductible costs approximately $36 more each month or $432 each year across all Mazda RX-8 models than requesting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 25 months between claim filings, you would come out ahead if you choose a higher deductible.
The chart below demonstrates how choosing different deductibles and can raise or lower Mazda RX-8 premium costs for each different age category. The prices are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Auto insurance policy discounts for Mazda RX-8 insurance in Nashville
Not many people think insurance is cheap, but companies offer discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at the time you complete a quote, but a few must be manually applied before you get the savings.
- Safety Restraint Discount – Drivers who require all vehicle occupants to fasten their seat belts can save a little off the PIP or medical payment premium.
- Lower Rates for Military – Being deployed in the military could be rewarded with lower premium rates.
- Low Mileage Discounts – Maintaining low annual mileage could qualify for lower auto insurance rates due to less chance of an accident.
- Student Driver Training – Teen drivers should enroll and complete driver’s education in high school.
- E-sign Discounts – A few companies provide a small discount for signing up online.
As a sidenote, most credits do not apply to all coverage premiums. Some only reduce individual premiums such as collision or personal injury protection. Despite the fact that it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.
The example below shows the difference between Mazda RX-8 car insurance rates with and without some available policy discounts. The costs are based on a male driver, no claims or violations, Tennessee state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, homeowner, and multi-policy discounts applied.
Auto insurance companies that may offer some of the above discounts possibly include:
Before buying, ask all the companies which discounts can lower your rates. Some of the earlier mentioned discounts might not be available to policyholders in every state. To locate insurance companies who offer cheap Mazda RX-8 insurance quotes in Tennessee, click here.
How to find a good Tennessee car insurance company
Finding a highly-rated company can be challenging considering how many different companies sell coverage in Tennessee. The company rank data listed below can help you analyze which car insurance providers to look at comparing rates from.
Top 10 Nashville Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Nashville Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+