Best Mazda RX-8 Insurance in Jacksonville

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Discount Mazda RX-8 insuranceThe recommended way to find discount Mazda RX-8 insurance is to compare prices annually from insurance carriers in Jacksonville.

  • Step 1: Try to learn about how insurance works and the changes you can make to lower rates. Many policy risk factors that cause high rates like traffic citations and an imperfect credit history can be eliminated by improving your driving habits or financial responsibility. This article provides additional tips to get lower rates and find additional discounts you may qualify for.
  • Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can give you price quotes for many different companies. View rates
  • Step 3: Compare the new quotes to your current policy to determine if switching companies saves money. If you can save money and switch companies, make sure there is no coverage gap between policies.
  • Step 4: Notify your agent or company of your decision to cancel your current auto insurance policy and submit the required down payment along with the signed application to the new company. Once received, place the new certificate of insurance along with the vehicle's registration papers.

A tip to remember is to make sure you're comparing the same level of coverage on every price quote and and to get rates from as many carriers as you can. This enables a fair rate comparison and the most accurate and complete price analysis.

Remarkably, a study showed that the vast majority of consumers renewed their policy with the same company for at least four years, and about 40% of consumers have never even compared quotes to find cheap rates. Jacksonville consumers could save almost 55% every year just by getting comparison quotes, but they don't believe the actual amount they would save if they bought a different policy.

Components of Your Mazda RX-8 Insurance Prices

Many factors are part of the calculation when you get a price on insurance. A few of the factors are predictable such as traffic violations, but some are not as apparent such as your marital status or your commute time. Part of the auto insurance buying process is learning some of the elements that go into determining auto insurance rates. When consumers understand what determines premiums, this helps enable you to make changes that can earn you lower premium levels.

  • Vehicle options can affect prices - Buying a car with anti-theft technology or alarm system can save you a little every year. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can help prevent auto theft and help lower rates.
  • Liability insurance is peace of mind - Your auto insurance policy's liability coverage will protect you if you are ruled to be at fault for physical damage or personal injury to other. Liability insurance provides legal defense coverage up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
  • Commute or pleasure use - The more miles you rack up on your Mazda annually the more you'll pay to insure it. A lot of insurance companies apply a rate based on how the vehicle is used. Cars and trucks used primarily for pleasure use receive lower rates than those used for commuting. Having the wrong rating on your RX-8 can result in significantly higher rates. Make sure your auto insurance coverage correctly shows the correct driver usage.
  • Getting married is a good thing - Getting married may earn you lower rates compared to being single. Marriage means you're more responsible and it's statistically proven that being married results in fewer claims.

Keep in mind that comparing a large number of companies will enable you to find a lower rate.

The companies shown below have been selected to offer price quotes in Florida. If several companies are displayed, it's a good idea that you visit several of them to find the lowest auto insurance rates.

Statistics and details

The premium table shown next highlights estimates of rate quotes for Mazda RX-8 models. Learning more about how auto insurance prices are determined can be useful when making informed decisions when comparing rate quotes.

Mazda RX-8 Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $256 $438 $400 $24 $120 $1,238 $103
RX-8 Grand Touring 4-Dr Coupe $256 $506 $400 $24 $120 $1,306 $109
RX-8 R3 4-Dr Coupe $256 $506 $400 $24 $120 $1,306 $109
Get Your Own Custom Quote Go

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in vehicle garaging location which can lower or raise coverage rates greatly.

Where to set your deductibles

A question often asked by Jacksonville drivers is how high should the physical damage deductibles be. The comparison tables below may help you to understand the differences in price when you buy lower versus higher physical damage deductibles. The first set of rates uses a $100 deductible for physical damage and the second price table uses a $500 deductible.

Mazda RX-8 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $452 $764 $418 $24 $124 $1,807 $151
RX-8 Grand Touring 4-Dr Coupe $452 $880 $418 $24 $124 $1,923 $160
RX-8 R3 4-Dr Coupe $452 $880 $418 $24 $124 $1,923 $160
Get Your Own Custom Quote Go
Mazda RX-8 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $330 $516 $418 $24 $124 $1,412 $118
RX-8 Grand Touring 4-Dr Coupe $330 $594 $418 $24 $124 $1,490 $124
RX-8 R3 4-Dr Coupe $330 $594 $418 $24 $124 $1,490 $124
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate information does not factor in zip code location which can increase or decrease coverage rates greatly.

Based on the figures above, using a $100 deductible will cost you approximately $35 more each month or $420 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally average at least 11 months between claim filings, you would probably come out ahead if you choose the higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $100 deductibles: $157
Average monthly premium for $500 deductibles (subtract): - $122
Monthly savings from raising deductible: $35
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One thing to be aware of is that raising deductibles to save money means you will have to cover more of the damage yourself at claim time. That will require enough money in the bank in the event you need to pay the higher deductible in order to repair your vehicle.

Careless drivers pay higher rates

The information below highlights how traffic violations and at-fault claims can raise Mazda RX-8 insurance prices for different ages of insureds. The rate quotes are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

Should you buy full coverage?

The information below compares Mazda RX-8 insurance costs with full coverage and liability only. The premium estimates are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no exact formula to stop paying for physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let's say your Mazda RX-8 replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after the policy deductible has been paid. If you are paying over $600 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where only buying liability is not advised. If you haven't paid off your loan, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Three reasons car insurance is important

Even though it's not necessarily cheap to insure a Mazda in Jacksonville, car insurance is required for several reasons.

  • Almost all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability protection in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your Mazda RX-8 has a lienholder, it's guaranteed your bank will stipulate that you have full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may have to buy a policy to insure your Mazda at a more expensive rate and require you to reimburse them the higher price.
  • Insurance safeguards your vehicle and your assets. It will also provide coverage for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay attorney fees if you cause an accident and are sued. If you have damage to your Mazda as the result of the weather or an accident, your policy will pay to restore your vehicle to like-new condition.

The benefits of having car insurance more than cancel out the cost, especially with large liability claims. The average driver in Florida is overpaying more than $700 annually so it's important to compare rates each time the policy renews to ensure rates are competitive.

Discounts for lower-cost auto insurance rates

Companies don't always publicize every discount available in a way that's easy to find, so the list below contains some of the best known in addition to some of the lesser obvious auto insurance savings.Discount auto insurance

  • Theft Prevention System - Cars with anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Organization Discounts - Affiliation with specific professional or occupational memberships or organizations is a good way to get lower rates on your next auto insurance statement.
  • Buy New and Save - Adding a new car to your policy may earn a small discount because newer models are generally safer.
  • Federal Government Employee - Active or former government employment may reduce rates when you quote Jacksonville auto insurance with some auto insurance companies.
  • Data Collection Discounts - Drivers who elect to allow their company to track vehicle usage by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate's Drivewise system may get a rate reduction if they have good driving habits.
  • Pay Now and Pay Less - By paying your policy upfront as opposed to paying monthly you may reduce your total bill.

Remember that many deductions do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, company stockholders wouldn't be very happy.

The illustration below shows the difference between Mazda RX-8 insurance costs with and without discounts applied to the premium. The premiums are based on a male driver, no tickets, no at-fault accidents, Florida state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, homeowner, claim-free, and safe-driver discounts applied.

A few of the larger companies and a summarized list of policyholder discounts include:

  • Farmers Insurance may offer discounts for alternative fuel, early shopping, distant student, good student, mature driver, pay in full, and multi-car.
  • Esurance may have discounts that include renters, online shopper, homeowner, good student, and claim free.
  • State Farm has savings for Steer Clear safe driver discount, good driver, passive restraint, defensive driving training, multiple autos, and Drive Safe & Save.
  • GEICO may include discounts for good student, anti-lock brakes, defensive driver, anti-theft, and seat belt use.
  • Allstate offers premium reductions for EZ pay plan discount, defensive driver, teenSMART discount, 55 and retired, anti-theft, and good payer.

If you need affordable Jacksonville auto insurance quotes, ask every prospective company which discounts they offer. A few discounts may not be offered in Jacksonville. If you would like to view providers who offer online Mazda RX-8 insurance quotes in Jacksonville, follow this link.

When should I have guidance from an insurance agency?

Many drivers just prefer to buy from a licensed agent and that can be a great decision A good thing about comparing insurance prices online is that you can find the lowest rates and still have an agent to talk to.

After completing this quick form, your insurance data is emailed to agents in your area who want to provide quotes for your coverage. There is no need to search for any insurance agencies as quotes are delivered immediately to you. You can get cheaper auto insurance rates without the usual hassles of price shopping. If you have a need to compare prices from a specific company, you just need to find their quoting web page and submit a quote form there.

Deciding on a company should include more criteria than just a low price. Any good agent in Jacksonville should know the answers to these questions.

  • Is the agent properly licensed in Florida?
  • How are they compensated?
  • Are they primarily personal or commercial lines agents in Jacksonville?
  • Do they make recommendations based only on price?
  • What insurance company do they write the most business with?
  • Will your rates increase after a single accident?
  • Is the quote a firm price?

Types of car insurance agents in Jacksonville

If you want a reliable agent, there are two different agency structures that differ in how they can insure your vehicles. Auto insurance agencies can be classified as either exclusive or independent.

Exclusive Insurance Agents

Agents of this type write business for a single company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot compare rates from other companies so they have to upsell other benefits. Exclusive insurance agents are highly trained on what they offer which helps overcome the inability to quote other rates.

Listed below is a short list of exclusive agencies in Jacksonville who can help you get comparison quotes.

11757 Beach Blvd #7 - Jacksonville, FL 32246 - (904) 641-0090 - View Map

13820 Old St Augustine Rd #401 - Jacksonville, FL 32258 - (904) 268-9900 - View Map

1944 Southside Blvd - Jacksonville, FL 32216 - (904) 724-6040 - View Map

View more Jacksonville agents

Independent Agents

Agents that elect to be independent often have affiliation with several companies so as a result can place your coverage with multiple insurance companies and help determine which has the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier without you having to go to a different agency.

When comparison shopping, we highly recommend that you compare prices from several independent agencies so that you have a good selection of quotes to compare.

Listed below is a short list of independent insurance agents in Jacksonville that can give you price quote information.

803 3rd St N - Jacksonville Beach, FL 32250 - (904) 247-5599 - View Map

5600 New Kings Rd #4 - Jacksonville, FL 32209 - (904) 770-4456 - View Map

8206 Philips Hwy - Jacksonville, FL 32256 - (904) 527-3029 - View Map

View more Jacksonville agents

In the end, you can save money

Discount Mazda RX-8 insurance in Jacksonville can be bought both online as well as from insurance agents, and you should be comparing both to get a complete price analysis. Some insurance providers may not have online rate quotes and many times these small insurance companies only sell through independent insurance agents.

We just covered a lot of techniques to get a better price on Mazda RX-8 insurance in Jacksonville. It's most important to understand that the more quotes you get, the higher your chance of finding the cheapest Mazda RX-8 rate quotes. You may even find the biggest savings come from some of the smallest insurance companies. They can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate or State Farm.

When getting Jacksonville auto insurance quotes online, make sure you don't buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped liability coverage limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at the lowest possible cost, but do not skimp to save money.

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