Are you sick and tired of scraping nickels together to pay high car insurance rates every month? You’re in the same situation as the majority of other drivers in California.
A recent NerdWallet.com study revealed that most consumers have bought car insurance from the same company for at least the last four years, and just short of a majority have never compared car insurance rates at all. Irvine consumers can save hundreds of dollars each year by just shopping around, but most just don’t grasp the amount of money they would save if they switch to a new company. Drivers have many car insurance companies to pick from, and even though it’s nice to have multiple companies, more choices can make it harder to locate the cheapest rates for Mazda RX-8 insurance in Irvine.
Shopping for affordable protection in Irvine is simple if you know the tricks. If you have insurance now or are looking for a new policy, follow these tips to find better prices without having to cut coverage. You only need to know the quickest way to compare prices from multiple carriers.
Finding cheap Irvine insurance rates is actually easier than you may think. All you need to do is take time to compare rate quotes to see which company has affordable Irvine car insurance quotes.
Comparing rates online is fast and free, and it takes the place of having to waste gas driving to insurance agents’ offices. The ability to buy insurance online can eliminate the need for a local agent unless you have a need for the professional guidance of an agent trained in personal lines coverage. However, consumers can price shop your coverage online and get advice from an agent in your area.
The companies shown below have been selected to offer price comparisons in California. If you wish to find the best car insurance in Irvine, we suggest you visit two to three different companies in order to get a fair rate comparison.
Premium rates and analysis
The rate table shown below outlines estimates of insurance rates for Mazda RX-8 models. Learning as much as possible about how policy rates are figured can be valuable when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $412 | $766 | $574 | $34 | $172 | $1,958 | $163 |
| RX-8 Grand Touring 4-Dr Coupe | $412 | $882 | $574 | $34 | $172 | $2,074 | $173 |
| RX-8 R3 4-Dr Coupe | $412 | $882 | $574 | $34 | $172 | $2,074 | $173 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific location information which can lower or raise premiums significantly.
Car insurance does more than just protect your car
Despite the high cost of buying insurance for a Mazda RX-8 in Irvine, maintaining insurance may be required for several reasons.
- Almost all states have minimum liability requirements which means you are required to carry a specific level of liability protection if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your RX-8, most banks will require you to have comprehensive coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Mazda for a much higher rate and force you to reimburse them much more than you were paying before.
- Car insurance preserves both your car and your personal assets. Insurance will pay for most medical and hospital costs that are the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car are definitely more than the cost, specifically if you ever have a liability claim. The average driver in America is wasting up to $700 annually so compare rate quotes every year to make sure the price is not too high.
Informed Consumers Can Save Money
Lots of factors are part of the calculation when premium rates are determined. Some are pretty understandable such as your driving record, but other factors are not as apparent such as whether you are married or your vehicle rating. The best way to find cheaper auto insurance is to take a look at some of the factors that help determine your premiums. If you know what controls the rates you pay, this enables you to make decisions that may result in big savings.
The itemized list below are some of the things auto insurance companies consider when setting premiums.
Is your car, truck or SUV built for speed? – The make and model of the vehicle you own makes a huge difference in your rates. The lowest rates tend to be for low performance passenger models, but that’s not the only thing that factors into the final price.
The data below uses these assumptions: single male driver age 50, full coverage with $100 deductibles, and no discounts or violations. The data compares Mazda RX-8 rates compared to other models of vehicles that have a range of risk factors.
Male rates may be higher – Over time, data shows that females tend to be a little less risky than males. Now that doesn’t mean females are better at driving than males. Men and women cause auto accidents at a similar rate, but guys tend to have higher claims. In addition to higher claims, males also receive more costly citations such as DWI and reckless driving. Young males have the highest risk to insure so they pay the highest premiums.
The illustration below illustrates the difference between Mazda RX-8 car insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are taken into consideration.
Marriage is a factor – Having a wife or husband can actually save you money on your auto insurance policy. Having a spouse demonstrates that you tend to be more financially stable it has been statistically shown that drivers who are married are more cautious.
Drivers with responsible credit save on auto insurance – Having a bad credit score is a large factor in calculating your auto insurance rates. If your credit rating can be improved, you could save money insuring your Mazda RX-8 by improving your credit score. People with excellent credit tend to file fewer claims than drivers with lower credit ratings.
Your address can influence premiums – Being located in areas with lower population can save you money when shopping for auto insurance. Drivers in populated areas have traffic congestion and higher rates of accident claims. Fewer people means reduced accidents.
Poor driving means higher costs – Drivers who don’t get tickets pay less for auto insurance compared to drivers with tickets. Having a single speeding ticket or other violation may cause rates to rise by twenty percent. People who have careless citations such as hit and run, DWI or reckless driving convictions are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to prevent a license revocation.
The diagram below illustrates how violations and at-fault accidents can increase Mazda RX-8 auto insurance rates for each age group. The rates are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
Insurance agents can help
Keep in mind that when it comes to choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.
For instance, these questions might point out whether or not you may require specific advice.
- Can my teen driver be rated on a liability-only vehicle?
- Do I have coverage when making deliveries for my home business?
- Why am I required to buy high-risk coverage?
- Do I have coverage for damage caused while driving under the influence?
- Should I buy more coverage than the required California minimum liability coverage?
- Am I covered if I drive in a foreign country?
- Is my camper covered for physical damage?
- Am I covered if my car is in a flood?
If it’s difficult to answer those questions, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.
A little work can save a LOT of money
In this article, we presented many ways to reduce Mazda RX-8 insurance premium rates online in Irvine. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding low cost Irvine car insurance quotes. You may even find the best premium rates are with the least-expected company.
People change insurance companies for a number of reasons such as extreme rates for teen drivers, delays in paying claims, policy cancellation and lack of trust in their agent. Whatever your reason, choosing a new insurance company can be easier than you think.
As you restructure your insurance plan, it’s a bad idea to sacrifice coverage to reduce premiums. In many cases, an insured cut uninsured motorist or liability limits only to discover later that it was a big mistake. Your goal is to find the BEST coverage at a price you can afford while not skimping on critical coverages.
How to find the cheapest rates for Mazda RX-8 insurance in Irvine
Really, the only way to save money on Mazda RX-8 insurance in Irvine is to annually compare prices from insurers in California.
First, try to comprehend how insurance works and the modifications you can make to drop your rates. Many policy risk factors that result in higher prices like multiple speeding tickets and poor credit rating can be rectified by making small lifestyle or driving habit changes.
Second, compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO and Allstate, while independent agencies can quote prices from multiple sources.
Third, compare the new rates to your existing coverage to see if cheaper RX-8 coverage is available in Irvine. If you find better rates and make a switch, make sure coverage does not lapse between policies.
Fourth, tell your current agent or company to cancel your current coverage. Submit a down payment and signed policy application for the new policy. Once the paperwork is finalized, safely store the certificate verifying coverage in your vehicle’s glove compartment or console.
A tip to remember is to use identical limits and deductibles on each quote and and to look at every company you can. This helps ensure the most accurate price comparison and and a good selection of different prices.
More tips and info about auto insurance can be found in the articles below:
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Who Has Affordable Auto Insurance Quotes After a Speeding Ticket in Irvine? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Company Car in Irvine? (FAQ)
- How Much is Auto Insurance for Business Use in Irvine? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Older Driver Statistics (Insurance Information Institute)