Save Money on Mazda RX-8 Insurance in Portland

Insurance for Mazda RX-8Amazingly, a recent study showed that 70% of consumers kept their coverage with the same car insurance company for four years or more, and nearly half have never compared rates from other carriers. Many drivers in Portland could save themselves roughly $1,000 a year, but they don’t understand how simple it is to find cheap insurance by shopping around.

It takes a few minutes, but the best way to find the cheapest price for car insurance rates in Portland is to compare prices once a year from providers that insure vehicles in Oregon. Drivers can shop around by following these guidelines.

A good piece of advice is to try to use similar deductibles and liability limits on each quote request and and to get quotes from as many car insurance companies as possible. This enables an apples-to-apples comparison and the most accurate and complete price analysis.

If you currently have a car insurance policy, you will most likely be able to get lower rates using this strategy. Locating the best rates in Portland can be easy if you know a few tricks. Nevertheless, Oregon consumers do need to know how insurance companies price online insurance because rates fluctuate considerably.

The best way we recommend to compare rates for Mazda RX-8 insurance in Portland is to take advantage of the fact car insurance companies allow for online access to quote your coverage. The only thing you need to do is provide information such as level of coverage desired, your general credit rating, if you went to college, and if you’re married. Your information is instantly sent to multiple top-rated companies and you get price estimates very quickly.

To check Mazda RX-8 insurance prices now, click here and see if a lower rate is available in Portland.

The companies shown below are ready to provide comparison quotes in Oregon. To locate cheap auto insurance in Oregon, we suggest you visit several of them in order to find the lowest rates.

Mazda RX-8 insurance statistics and information

The price information shown next outlines a range of insurance prices for Mazda RX-8 models. Having a better idea how prices are figured can be of help when making smart buying decisions.

Mazda RX-8 Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $394 $586 $418 $24 $126 $1,548 $129
RX-8 Grand Touring 4-Dr Coupe $394 $674 $418 $24 $126 $1,636 $136
RX-8 R3 4-Dr Coupe $394 $674 $418 $24 $126 $1,636 $136
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price information does not factor in specific zip code location which can affect prices noticeably.

Higher deductibles lower rates

One of the more difficult decisions when buying insurance is the level to set your comp and collision deductibles. The tables below can help you visualize how much more rates are when you buy lower versus higher coverage deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.

Mazda RX-8 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
RX-8 Sport 4-Dr Coupe $310 $490 $320 $18 $96 $1,259 $105
RX-8 Grand Touring 4-Dr Coupe $310 $564 $320 $18 $96 $1,333 $111
RX-8 R3 4-Dr Coupe $310 $564 $320 $18 $96 $1,333 $111
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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 $252 $396 $320 $18 $96 $1,082 $90
RX-8 Grand Touring 4-Dr Coupe $252 $456 $320 $18 $96 $1,142 $95
RX-8 R3 4-Dr Coupe $252 $456 $320 $18 $96 $1,142 $95
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can impact auto insurance rates noticeably.

Based on the above data, using a $250 deductible will cost in the ballpark of $16 more each month or $192 every year than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 16 months between claims, you would more than likely save some money if you choose a higher deductible.

The illustration below shows how choosing a deductible and can influence Mazda RX-8 premium costs for each age group. The price estimates are based on a married female driver, comp and collision included, and no additional discounts are factored in.

Careless drivers pay higher rates

The diagram below demonstrates how speeding tickets and at-fault fender-benders can raise Mazda RX-8 auto insurance rates for each different age group. The premiums are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Rate difference between full and liability-only coverage

The chart below visualizes the comparison of Mazda RX-8 insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Oregon. The premiums are based on a clean driving record, no claims, $500 deductibles, single marital status, and no discounts are applied.

Should you pay for full coverage?

There is no definitive guideline for eliminating physical damage coverage, but there is a general convention. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Mazda RX-8 replacement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are paying in excess of $500 annually for full coverage, then it may be the right time to buy liability only.

There are some circumstances where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Don’t overlook these Mazda RX-8 insurance discounts

Insurance can cost an arm and a leg, but you might find some hidden discounts that may help make it more affordable. Many discounts should be triggered at quote time, but some may not be applied and must be asked about in order for you to get them. If you aren’t receiving every discount possible, you are paying more than you should be.Cheaper auto insurance with discounts

Policy discounts save money, but most of the big mark downs will not be given to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like adding up those discounts means a free policy, it just doesn’t work that way.

The example below compares Mazda RX-8 insurance premiums with and without discounts applied to the rates. The premiums are based on a male driver, no accidents or driving violations, Oregon 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 safe-driver, multi-car, multi-policy, claim-free, marriage, and homeowner discounts applied.

To see auto insurance companies that offer discounts in Oregon, click this link.

Three reasons to insure your RX-8

Even though it’s not necessarily cheap to insure a Mazda in Portland, insurance may be mandatory for several reasons.

The benefits of insuring your car definitely exceed the cost, particularly if you ever have a claim. As of last year, the average driver in Oregon overpays more than $850 per year so you should quote rates once a year at a minimum to help ensure money is not being wasted.

Car insurance agents near you

A lot of people still like to have an agent’s advice and that is just fine! A nice benefit of getting free rate quotes online is the fact that drivers can get cheap insurance rates and also buy local.

Insurance agency in PortlandTo find an agent, once you fill out this short form, your information is sent to agents in your area who will gladly provide quotes to get your business. You won’t even need to drive around since price quotes are sent directly to your email. You can find better rates and work with a local agent. In the event you want to get a rate quote from a particular provider, you just need to navigate to their website and submit a quote form there.

Finding a good insurer is decision based upon more than just a low price. These are some questions you should get answers to.

The difference between Portland car insurance agents

If you prefer to buy insurance from a reliable agent, you should know the different agency structures that you can select. Portland agents are classified as either independent or exclusive.

Exclusive Insurance Agents

Agents that elect to be exclusive can only quote rates from one company and some examples include Farmers Insurance or State Farm. Exclusive agents cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are trained well on the products they sell which helps them compete with independent agents.

The following is a list of exclusive agents in Portland that can give you comparison quotes.

7113 SW Macadam AvePortland, OR 97219(503) 517-9090View Map

11116 NE Halsey St APortland, OR 97220(503) 256-3077View Map

7112 NE Sandy BlvdPortland, OR 97213(503) 253-9315View Map

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Independent Agents (or Brokers)

Agents in the independent channel are not restricted to one company and that enables them to quote your coverage through lots of different companies and find you cheaper rates. If premiums increase, they simply move your policy to a different company and you don’t have to switch agencies.

When shopping rates, we highly recommend that you get quotes from independent agents so that you can do a thorough price comparison.

The following are independent agencies in Portland willing to provide rate quotes.

8309 SW 22nd AvePortland, OR 97219(503) 292-0075View Map

1819 SW 5th AvePortland, OR 97201(503) 277-2300View Map

4415 NE Sandy Blvd Ste 200Portland, OR 97213(503) 249-7667View Map

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Once you have good responses to your questions as well as inexpensive Mazda RX-8 insurance in Portland quotes, you may have found a car insurance agent that meets the requirements to insure your vehicles.