Car Insurance Rates for a Mazda RX-8 in Los Angeles

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Discount Mazda RX-8 insuranceSearching for budget Los Angeles Mazda RX-8 insurance quotes may be intimidating for beginners to comparing rates and buying insurance on the internet. With so many agents and companies in the marketplace, how are we expected to effectively compare all the different companies and get cheaper insurance prices?

A recent survey discovered that a large majority of drivers have remained with the same insurance company for at least four years, and practically 40% of insurance customers have never compared rates to find cheaper insurance. The average driver in Los Angeles could save an average of as much as 35% each year just by shopping around, but they just don't want to find cheaper rates by getting comparison quotes.

If you already have coverage, you will surely be able to reduce the price you pay using these methods. This article's intent is to help you learn how car insurance works. Although California drivers should learn how companies determine what you pay because it can help you find the best coverage.

Compare Los Angeles Mazda RX-8 insurance price quotes online

To find the best insurance prices, there are several ways of comparing price quotes from many insurance companies in California. The best method to lower the rate you pay for insurance consists of shopping online.

Keep in mind that comparing more prices increases your odds of finding more affordable insurance. Some insurance companies are not set up to provide online Los Angeles RX-8 insurance quotes, so you should also compare price quotes on coverage from those companies, too.

The companies shown below can provide free rate quotes in Los Angeles, CA. If more than one company is shown, we recommend you visit several of them to get the best price comparison.

Choosing vehicle insurance is an important decision

Even though Los Angeles RX-8 insurance rates can get expensive, insurance is required in California but it also protects you in many ways.

  • The majority of states have mandatory insurance requirements which means state laws require specific minimum amounts of liability insurance in order to drive the car. 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 your Mazda RX-8 has a loan, almost all lenders will require that you have insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender may have to buy a policy to insure your Mazda at a much higher premium rate and require you to pay for the expensive policy.
  • Insurance preserves both your car and your assets. It will also pay for hospital and medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if you are sued as the result of your driving. If mother nature or an accident damages your car, your insurance policy will cover the repair costs.

The benefits of carrying adequate insurance are definitely more than the cost, specifically if you ever have a liability claim. But the average American driver is overpaying more than $869 every year so smart consumers compare quotes at every policy renewal to be sure current rates are still competitive.

Car insurance statistics and figures

The premium information displayed next outlines detailed analysis of coverage prices for Mazda RX-8 models. Having insight into how car insurance premiums are figured can help guide drivers when making decisions on the best policy to buy.

Mazda RX-8 Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $348 $546 $442 $26 $132 $1,494 $125
RX-8 Grand Touring 4-Dr Coupe $348 $630 $442 $26 $132 $1,578 $132
RX-8 R3 4-Dr Coupe $348 $630 $442 $26 $132 $1,578 $132
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Table data does not factor in Los Angeles location which can raise or lower coverage prices substantially.

Higher deductibles lower rates

One of the more difficult decisions when buying car insurance is which comprehensive and collision deductibles to buy. The tables below can help illustrate the rate fluctuation when you buy lower versus higher coverage deductibles. The first data table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Mazda RX-8 insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $478 $810 $442 $26 $132 $1,913 $159
RX-8 Grand Touring 4-Dr Coupe $478 $932 $442 $26 $132 $2,035 $170
RX-8 R3 4-Dr Coupe $478 $932 $442 $26 $132 $2,035 $170
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Mazda RX-8 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $266 $426 $442 $26 $132 $1,292 $108
RX-8 Grand Touring 4-Dr Coupe $266 $490 $442 $26 $132 $1,356 $113
RX-8 R3 4-Dr Coupe $266 $490 $442 $26 $132 $1,356 $113
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price information does not factor in specific garaging location which can alter auto insurance rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $55 more each month or $660 every year across all Mazda RX-8 models than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 16 months between claim filings, you would probably save some money if you opt for a higher deductible.

The diagram below shows how choosing a deductible and can raise or lower Mazda RX-8 insurance costs for different ages of insureds. The rates are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Annual premiums for males compared to females

The diagram below visualizes the comparison of Mazda RX-8 car insurance costs for male and female drivers. The costs are based on no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, single marital status, and no discounts are factored in.

Difference between liability only and full coverage rates

The diagram below visualizes the comparison of Mazda RX-8 auto insurance costs with full coverage and liability only. The rates are based on no violations or claims, $1,000 deductibles, single marital status, and no policy discounts are applied.

Should you be buying full coverage?

There is no specific rule to exclude physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's say your Mazda RX-8 replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after you pay the deductible. If you are paying more than $600 a year for your policy with full coverage, then it may be the right time to buy liability only.

There are some circumstances where dropping physical damage coverage is not recommended. If you haven't paid off your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Score discounts on Los Angeles auto insurance

The cost of insuring your cars can be expensive, but you may find discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you complete an application, but less common discounts must be asked about in order for you to get them.Cheaper auto insurance with discounts

  • Bundle and Save - When you combine your auto and home insurance and insure them both with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
  • Accident Forgiveness Coverage - This isn't a discount exactly, but some insurance companies will let one accident slide before they charge you more for coverage if your claims history is clear prior to the accident.
  • Savings for New Vehicles - Buying a new car instead of a used RX-8 is cheaper since new model year vehicles are generally safer.
  • Active Military Service - Having a family member in the military could be rewarded with lower rates.
  • Discount for Good Grades - A discount for being a good student could provide a savings of up to 20% or more. The good student discount can last well after school through age 25.
  • Discounts for Cautious Drivers - Drivers who don't get into accidents may save up to 50% more than drivers with accidents.
  • Organization Discounts - Affiliation with certain professional organizations could qualify you for a break on your policy.
  • College Student Discount - Any of your kids who are enrolled in a college that is more than 100 miles from Los Angeles and do not have access to a covered vehicle can receive lower rates.
  • Low Mileage Discounts - Maintaining low annual mileage could be rewarded with discounted prices on garaged vehicles.

Discounts save money, but please remember that most discount credits are not given to your bottom line cost. Most cut specific coverage prices like physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, auto insurance companies aren't that generous. But all discounts will reduce the amount you pay for coverage.

The chart below illustrates the comparison of Mazda RX-8 insurance rates with and without discounts applied to the rates. The premiums assume a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, marriage, safe-driver, and multi-policy discounts applied.

Some of the larger companies that have some of the discounts shown above possibly include:

Double check with all companies you are considering which discounts they offer. Some credits might not apply in Los Angeles. To view providers who offer auto insurance discounts in Los Angeles, follow this link.

Neighborhood Los Angeles auto insurance agents

Some people still prefer to visit with an insurance agent and that is recommended in a lot of cases An additional benefit of price shopping on the web is that you can find cheap car insurance rates and still buy from a local agent.

Los Angeles insurance agentsUpon completion of this short form, the coverage information is emailed to insurance agents in Los Angeles that can provide free Los Angeles car insurance quotes for your insurance coverage. You don't have to leave your computer because quoted prices will be sent to you directly. It's the lowest rates and a licensed agent to talk to. If you need to get a comparison quote from a specific car insurance provider, just jump over to their website and submit a quote form there.

Selecting an insurer should include more criteria than just a cheap price quote. Here are some questions you might want to ask.

  • Are claim adjusters local or do you have to take your car somewhere else?
  • Is there any savings for paying the full premium?
  • Is vehicle damage repaired with OEM or aftermarket parts?
  • Do they offer rental car reimbursement?
  • Do they carry Errors and Omissions coverage?
  • What insurance companies do they work with in Los Angeles?
  • How many years have they been established?
  • Can you contact them at any time?

The following are agents in Los Angeles who can help you get price quotes for Mazda RX-8 insurance in Los Angeles.

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Once you have received satisfactory answers to all your questions and a low price estimate, chances are good that you have found an insurance company that can be relied on to adequately provide car insurance.

Don't give up on cheap rates

People switch companies for many reasons like policy cancellation, delays in responding to claim requests, delays in paying claims and lack of trust in their agent. Regardless of your reason, choosing a new company is not as difficult as it may seem.

More affordable auto insurance in Los Angeles is available online in addition to many Los Angeles insurance agents, so you need to shop Los Angeles car insurance with both in order to have the best chance of saving money. Some auto insurance companies may not have internet price quotes and these small, regional companies provide coverage only through independent agents.

In this article, we presented many ways to find lower-cost Mazda RX-8 insurance in Los Angeles. The key thing to remember is the more times you quote, the better chance you'll have of finding affordable Los Angeles car insurance quotes. Drivers may even discover the biggest savings come from a smaller regional carrier.

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