How to Save on Mazda RX-8 Insurance in Cleveland

Would you prefer to buy the cheapest car insurance rates in Cleveland, OH? Cleveland buyers have lots of choices when searching for the lowest priced Mazda RX-8 insurance. You can either waste hours calling around getting price quotes or save time using the internet to find the lowest rates. There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the proper way to quote coverages for your Mazda and locate the cheapest rates.

It’s a good idea to check car insurance prices as often as possible because car insurance prices are variable and change quite frequently. Even if you got the best rates on Mazda RX-8 insurance in Cleveland two years ago other companies may now be cheaper. There is a lot of bad information regarding RX-8 insurance online but in this article, you’re going to get some solid techniques on how to save money.

Car insurance providers offering cheap rates in Ohio

The companies shown below are our best choices to provide price comparisons in Ohio. To buy the best cheap auto insurance in Cleveland, we recommend you visit several of them to get the most competitive price.

Analysis of Mazda RX-8 rates

The premium information shown below covers a range of insurance costs for Mazda RX-8 models. Being able to understand how insurance policy premiums are determined helps drivers make smart choices when selecting a policy.

Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can revise prices significantly.

Physical damage deductibles

A question often asked by Cleveland drivers is where should you set your physical damage deductibles. The rates shown below may help to illustrate the price difference of buying low and high comp and collision deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Table data does not factor in specific Cleveland garaging location which can affect premiums significantly.

Based on the above data, using a $250 deductible will cost you about $11 more each month or $132 each year than buying the higher $500 deductible. Since you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 23 months between claims, you would probably save some money if you elect the higher deductible.

How careless driving impacts Cleveland insurance rates

The example below illustrates how speeding tickets and at-fault accidents raise Mazda RX-8 insurance costs for different categories of driver ages. The data is based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Does it make sense to buy full coverage?

The illustration below compares Mazda RX-8 auto insurance rates with full physical damage coverage and with liability coverage only. The rate quotes are based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no discounts are applied.

When to drop comp and collision

There is no exact rule to drop physical damage coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your Mazda RX-8 replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after paying your deductible. If premium cost is more than $500 a year for full coverage, then it could be time to drop full coverage.

There are some scenarios where removing full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Why Smart Consumers Pay Less for Mazda RX-8 Insurance

Lots of things are part of the equation when premium rates are determined. Some of the criteria are obvious such as traffic violations, but others are not as apparent such as whether you are married or how financially stable you are. A large part of saving on car insurance is knowing some of the things that play a part in calculating car insurance rates. When consumers understand what impacts premium levels, this enables you to make decisions that will entitle you to cheaper rates.

The items below are a few of the things used by your company to calculate premiums.

• Don’t abuse car insurance claims – If you tend to file frequent claims, you can pretty much guarantee higher rates. Auto insurance companies in Ohio award cheaper rates to insureds who do not file claims often. Your insurance policy is intended for claims that pose a financial burden.

• Expect high rates for teens – Older insureds are more cautious drivers, tend to cause fewer accidents, and receive fewer citations. Drivers with little experience have a tendency to be more careless behind the wheel so they pay higher car insurance rates.

  The data below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Employer stress can affect rates – Jobs like military personnel, air traffic controllers, and emergency personnel have higher premium rates attributed to intense work situations and long work hours. Conversely, professions such as professors, engineers and homemakers generally pay rates lower than average.
• Bump up coverage deductibles to lower rates – Insurance for physical damage to your car, also called ‘full coverage’, insures against damage to your Mazda. Some coverage claims are a broken windshield, vandalism, and rolling your vehicle. The deductibles you choose are how much you are willing to pay out-of-pocket in the event of a claim. The larger the amount the insured has to pay upfront, the bigger discount you will receive.
• Safer the car lower the rate – Safe vehicles tend to be cheaper to insure. Vehicles built for safety result in less severe injuries and reduced instances of injuries translates directly to fewer claims which can mean better rates for you. If your Mazda RX-8 has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.

• Gender and insurance – Over the last 30 years, statistics show that men are more aggressive behind the wheel. Now that doesn’t mean males are worse at driving than females. They both get in accidents in similar numbers, but guys tend to have more serious accidents. In addition to higher claims, males also get ticketed for serious violations like DWI (DUI) or reckless driving. Male teenagers are the most expensive to insure and are penalized with high car insurance rates.

  The chart below compares Mazda RX-8 premium costs for male and female drivers. The prices are based on no claims or driving violations, full coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.

Save money with discounts

Some providers don’t list the complete list of policy discounts very well, so we took the time to find some of the best known in addition to some of the lesser obvious discounts that may be available.

• Defensive Driver Discounts – Taking a course teaching driver safety skills could save 5% or more and easily recoup the cost of the course.
• Good Grades Discount – Excelling in school could provide a savings of up to 20% or more. The good student discount can last up to age 25.
• Sign Early and Save – Some larger companies give discounts for buying a policy before your current expiration date. You can save around 10% with this discount.
• Full Payment Discount – If paying your policy premium upfront instead of monthly or quarterly installments you can avoid the installment charge.
• Theft Deterrent Discount – Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and therefore earn up to a 10% discount.

Just know that most discount credits are not given to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, you won’t be that lucky.

The illustration below illustrates the difference between Mazda RX-8 auto insurance rates with and without discounts applied to the policy premium. The premium estimates are based on a male driver, a clean driving record, no claims, Ohio state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, homeowner, safe-driver, and multi-car discounts applied.

Popular auto insurance companies and the discounts they provide are detailed below.

• GEICO offers discounts for five-year accident-free, anti-theft, membership and employees, multi-policy, multi-vehicle, seat belt use, and military active duty.
• Travelers includes discounts for multi-policy, good student, early quote, save driver, and driver training.
• Farm Bureau offers premium reductions for 55 and retired, driver training, youthful driver, safe driver, and multi-policy.
• Liberty Mutual may offer discounts for safety features, multi-policy, multi-car, preferred payment discount, and new move discount.
• American Family may include discounts for bundled insurance, accident-free, air bags, good student, mySafetyValet, and early bird.
• Progressive has savings for online signing, homeowner, multi-vehicle, multi-policy, good student, and continuous coverage.

When getting free Cleveland car insurance quotes, it’s a good idea to each company what discounts are available to you. Some of the discounts discussed earlier might not be available to policyholders everywhere. If you would like to see a list of insurance companies that have a full spectrum of discounts in Cleveland, follow this link.

Auto insurance agents near you

Certain consumers prefer to visit with an insurance agent and often times that is recommended Most agents can help you choose the best coverages and help file insurance claims. A good thing about getting free rate quotes online is you may find lower rates but also keep your business local.

Upon completion of this quick form, the quote information gets sent to insurance agents in Cleveland who will give you bids for your coverage. There is no need to find an agent because quoted prices will be sent immediately to you. If you wish to get a price quote from a specific insurance company, don’t hesitate to search and find their rate quote page to submit a rate quote request.

Finding the right provider should depend on more than just a cheap quote. These are some questions you should get answers to.

• Where are claims handled?
• Do they offer claims assistance after hours?
• Is vehicle damage repaired with OEM or aftermarket parts?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Can you get a list of referrals?
• How are they compensated?
• Do they feel the quoted coverages are adequate?

If you need to find an insurance agent, you should know the types of insurance agents and how they differ in how they quote coverages. Cleveland agents may be either exclusive agents or independent agents. Either one can properly insure your vehicles, but it’s important to point out the subtle differences because it can impact the kind of agent you use.

Exclusive Insurance Agencies

Agents in the exclusive channel can only place business with one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agencies are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. They are well trained in insurance sales and that enables them to sell even at higher rates. Consumers often buy from the same agent for years partially due to high brand loyalty rather than having low rates.

Shown below are Cleveland exclusive agents who can help you get price quote information.

• Farmers Insurance – Earl Soroka
  1621 Euclid Ave #408 – Cleveland, OH 44115 – (216) 452-0885 – View Map
• Justin Ragor – State Farm Insurance Agent
  3878 Rocky River Dr Ste 4 – Cleveland, OH 44111 – (216) 251-5300 – View Map
• Robert Jones – State Farm Insurance Agent
  12405 Larchmere Blvd – Cleveland, OH 44120 – (216) 229-3276 – View Map

More insurance agents

Independent Agents

Agents in the independent channel are not employed by any specific company so they have the ability to put coverage through lots of different companies enabling the ability to shop coverage around. If they find a cheaper price, the business is moved internally and you can keep the same agent.

When comparing rate quotes, it’s recommended you get several quotes from several independent agencies in order to have the best price comparison. A lot of them also have access to different regional companies who may have lower rates.

The following are independent insurance agencies in Cleveland that can give you rate quotes.

• Zito Insurance Inc
  1249 Smith Ct – Cleveland, OH 44116 – (440) 333-6020 – View Map
• The Brooks and Stafford Company
  55 Public Square #1650 – Cleveland, OH 44113 – (216) 696-3000 – View Map
• AandA Action Auto Insurance Agency
  3421 Prospect Ave E – Cleveland, OH 44115 – (216) 361-8988 – View Map

More insurance agents

What is the best auto insurance company in Cleveland?

Finding a highly-rated insurance provider can be difficult considering how many different companies insure vehicles in Cleveland. The rank data in the next section may help you choose which insurers you want to consider when comparing rate quotes.

Top 10 Cleveland Car Insurance Companies Ranked by Claims Service

1. Progressive
2. Travelers
3. Liberty Mutual
4. Nationwide
5. USAA
6. AAA Insurance
7. GEICO
8. Safeco Insurance
9. Mercury Insurance
10. Esurance

Top 10 Cleveland Car Insurance Companies Ranked by Customer Service

1. Mercury Insurance
2. Nationwide
3. State Farm
4. Safeco Insurance
5. American Family
6. Titan Insurance
7. Travelers
8. Liberty Mutual
9. GEICO
10. Erie Insurance

When to get professional advice

When choosing proper insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Each situation is unique.

For instance, these questions can aid in determining whether you would benefit from an agent’s advice.

• Do I really need UM/UIM coverage?
• I don’t drive much so do I pay less?
• Will damage be repaired with OEM parts?
• Should I buy full coverage?
• Is my Mazda RX-8 covered for smoke damage?
• Do all my vehicles need collision coverage?
• Am I covered if I have no license?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Does my medical payments coverage pay my health insurance deductible?
• Does coverage extend to my business vehicle?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and you can get the answers you need.

Cover all your bases

Insureds leave their current company for many reasons like high prices, denial of a claim, poor customer service or even delays in paying claims. It doesn’t matter what your reason, finding the right car insurance provider is not as difficult as it may seem.

More affordable car insurance in Cleveland can be purchased online and from local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies don’t offer rate quotes online and usually these smaller companies provide coverage only through independent insurance agencies.

We just covered a lot of tips how to compare Mazda RX-8 insurance premium rates in Cleveland. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. You may even find the lowest premium rates are with a company that doesn’t do a lot of advertising.

How to find better rates for Mazda RX-8 insurance in Cleveland

Truthfully, the best way to find affordable quotes for Mazda RX-8 insurance in Cleveland is to do a yearly price comparison from companies who provide auto insurance in Ohio. You can compare rates by completing these steps.

1. Get an understanding of how companies set rates and the steps you can take to prevent expensive coverage. Many policy risk factors that are responsible for high rates such as accidents, careless driving, and a bad credit score can be amended by making minor changes to your lifestyle.
2. Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple sources. Compare rates
3. Compare the price quotes to your current policy to see if a cheaper price is available in Cleveland. If you find a better price and change companies, make sure coverage is continuous and does not lapse.
4. Give notification to your current company of your intent to cancel your current auto insurance policy. Submit a down payment along with a signed application to your new company or agent. Immediately keep the new proof of insurance paperwork along with your vehicle registration.

The most important part of shopping around is that you’ll want to compare identical coverage information on every quote and and to look at as many companies as feasibly possible. This guarantees the most accurate price comparison and the most accurate and complete price analysis.

Additional learning opportunities

• Think You’re a Safe Driver? (State Farm)
• Who Has the Cheapest Car Insurance Rates for a Ford F-150 in Cleveland? (FAQ)
• Who Has the Cheapest Car Insurance for High Mileage Drivers in Cleveland? (FAQ)
• Who Has Affordable Cleveland Auto Insurance for Inexperienced Drivers? (FAQ)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• Avoiding Deer Collisions (Insurance Information Institute)
• Parking Tips to Reduce Door Dings (State Farm)
• Teen Driving and Texting (State Farm)