Best Insurance for a Mazda RX-8 in Tulsa

Insurance rates Mazda RX-8 in TulsaWant to learn how to buy more competitive Mazda RX-8 insurance in Tulsa? Purchasing the cheapest Tulsa Mazda RX-8 insurance quotes online can appear to be rather difficult for vehicle owners not familiar with comparing rates over the internet. With so many companies in the marketplace, how are vehicle owners able to have the ability to compare every auto insurance company to find the cheapest available price?

Amazingly, a recent study showed that most drivers have bought auto insurance from the same company for four years or more, and approximately 38% of consumers have never taken the time to shop around. Many drivers in Oklahoma can save approximately 35% each year just by shopping around, but they don’t invest the time required to find lower-cost auto insurance rates.

It’s a good idea to price shop coverage on a regular basis because auto insurance prices are adjusted regularly by insurance companies. If you had the best rate on Mazda RX-8 insurance in Tulsa a couple years back other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to use the internet to eliminate unnecessary coverages and save money on Mazda RX-8 insurance in Tulsa.

Best Mazda RX-8 insurance prices in Oklahoma

The following companies provide price comparisons in Tulsa, OK. To find cheaper auto insurance in Tulsa, it’s a good idea that you get prices from several of them to get a more complete price comparison.

Mazda RX-8 insurance statistics and information

The data table shown below covers estimates of insurance costs for Mazda RX-8 models. Being able to understand how premiums are determined can assist in making decisions when shopping your coverage around.

Mazda RX-8 Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $554 $822 $588 $34 $176 $2,174 $181
RX-8 Grand Touring 4-Dr Coupe $554 $946 $588 $34 $176 $2,298 $192
RX-8 R3 4-Dr Coupe $554 $946 $588 $34 $176 $2,298 $192
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in specific location which can modify premium rates substantially.

Physical damage deductible comparison

When shopping for insurance, a common question is how low should you set your deductibles. The data tables below approximate the rate fluctuation when you buy lower versus higher deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Mazda RX-8 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $436 $688 $448 $26 $134 $1,757 $146
RX-8 Grand Touring 4-Dr Coupe $436 $792 $448 $26 $134 $1,861 $155
RX-8 R3 4-Dr Coupe $436 $792 $448 $26 $134 $1,861 $155
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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 $270 $432 $448 $26 $134 $1,310 $109
RX-8 Grand Touring 4-Dr Coupe $270 $498 $448 $26 $134 $1,376 $115
RX-8 R3 4-Dr Coupe $270 $498 $448 $26 $134 $1,376 $115
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Estimates do not factor in vehicle garaging location which can influence premiums significantly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $39 more each month or $468 each year averaged for all RX-8 models than requesting the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

Does it make sense to buy full coverage?

The information below shows the comparison of Mazda RX-8 premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no violations or accidents, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no exact formula for excluding physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s assume your Mazda RX-8 replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after the deductible is paid. If you are paying more than $500 a year to have full coverage, then you may need to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Do you qualify for discounts?

Insuring your vehicles can cost a lot, but companies offer discounts that could help you make your next renewal payment. Certain discounts will be applied when you purchase, but some discounts are required to be asked for in order for you to get them.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. A few only apply to the price of certain insurance coverages like comp or med pay. So when it seems like all those discounts means the company will pay you, it just doesn’t work that way.

The diagram below illustrates the difference between Mazda RX-8 insurance prices with and without policy discounts. The rate quotes are based on a male driver, no driving violations, no at-fault accidents, Oklahoma 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, homeowner, claim-free, multi-car, safe-driver, and marriage discounts applied.

A few of the larger companies and some of the premium reductions they offer can be found below.

If you need affordable Mazda RX-8 insurance quotes, ask every insurance company what discounts are available to you. A few discounts may not apply to policyholders in Tulsa. If you would like to view companies that offer many of these discounts in Tulsa, click here to view.

Car insurance agents can find coverage gaps

Some people would prefer to buy from a licensed agent and that can be a great decision One of the benefits of comparing rates online is the fact that you can find better rates and still choose a local agent. Buying insurance from neighborhood insurance agencies is definitely important in Tulsa.

Insurance agency in TulsaUpon completion of this quick form, your coverage information is submitted to insurance agents in Tulsa who can give free rate quotes for your business. It simplifies rate comparisons since you won’t have to visit any agencies as quotes are delivered to you directly. You can most likely find cheaper rates and work with a local agent. In the event you want to compare prices from a particular provider, feel free to jump over to their website and give them your coverage information.

If you want to buy auto insurance from a reliable insurance agency, you need to know there are two different types of agents and how they are slightly different. Agents in Tulsa are classified as either independent or exclusive depending on the company they work for.

Independent Agents

Independent insurance agents are normally appointed by many insurers so they can write business with multiple insurance companies and help determine which has the cheapest rates. If premiums increase, they simply move the coverage in-house and you can keep the same agent.

If you need cheaper auto insurance rates, we highly recommend that you get rate quotes from a few independent agents to ensure the widest selection of prices. A lot of them also have access to small mutual carriers which could offer lower prices.

Listed below is a partial list of independent insurance agents in Tulsa who can help you get free auto insurance rate quotes.

More insurance agents

Exclusive Insurance Agents

Exclusive agents have only one company to place business with and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot provide other company’s prices so they are skilled at selling on more than just price. They are very knowledgeable on the products they sell which helps overcome the inability to quote other rates. Consumers sometimes buy insurance from these agents mostly because of high brand loyalty rather than low rates.

Shown below are Tulsa exclusive agencies that are able to give price quote information.

More insurance agents

Choosing a auto insurance agent should depend on more than just the quoted price. These questions are important to ask:

One last note

As you restructure your insurance plan, do not buy poor coverage just to save money. In too many instances, someone sacrificed liability coverage limits to discover at claim time that the savings was not a smart move. Your strategy should be to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.

Drivers leave their current company for a number of reasons such as poor customer service, lack of trust in their agent, delays in paying claims or even policy cancellation. Regardless of your reason for switching companies, switching insurance companies is actually quite simple.

You just read many ideas to find affordable Mazda RX-8 insurance in Tulsa. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Drivers may even discover the lowest rates are with a lesser-known regional company.

How to save money on Mazda RX-8 insurance in Tulsa

To save the most money, the best way to save money on Mazda RX-8 insurance in Tulsa is to regularly compare price quotes from different companies that insure vehicles in Oklahoma. This can be done by following these guidelines.

One bit of advice is to compare identical deductibles and limits on every price quote and and to get prices from as many different insurance providers as possible. This provides the most accurate price comparison and a thorough price selection.

To learn more, link through to the resources below: