Mazda RX-8 Insurance Rates

The average insurance rates for a Mazda RX-8 are $942 a year for full coverage insurance. Comprehensive costs on average $154 a year, collision costs $188, and liability is $442. Liability-only coverage costs around $496 a year, with high-risk coverage costing around $2,020. Teenage drivers cost the most to insure at $3,814 a year or more.

Average premium for full coverage: $942

Policy rates by type of insurance:

These estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and RX-8 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on insurance rates. Rural areas are shown to have a lower frequency of physical damage claims than densely populated cities.

The diagram below illustrates the difference between rural and urban areas on car insurance rates.

The examples above illustrate why it is important to compare rates quotes based on a specific location and risk profile, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

More Rate Information

The chart below illustrates estimated Mazda RX-8 insurance rates for different risk profiles and scenarios.

• The best discount rate is $578
• Raising to $1,000 deductibles will save around $864 each year
• The average rate for a good driver age 40 with $500 deductibles is $942
• Using low $100 deductibles will increase the cost to $1,090
• Drivers who are prone to accidents and violations could pay upwards of $2,020 or more
• Policy cost for full coverage for a 16-year-old driver may cost $3,814

View Chart as Image

Insurance rates for a Mazda RX-8 also range considerably based on your risk profile, the model year and trim level, and policy deductibles and limits.

Older drivers with no violations or accidents and high deductibles may pay as low as $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay upwards of $3,800 a year. View Rates by Age

Your home state also has a big influence on Mazda RX-8 insurance prices. A middle-age driver might find rates as low as $620 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,280 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $230 annually, while buying higher liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $398 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying at a minimum $1,100 to $1,600 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 42% to 130% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the only way to figure out exactly what you will pay is to get quotes from multiple companies. Every auto insurance company uses a different method to calculate rates, and rates will be varied from one company to the next.

Insurance Rates by Trim Level and Model Year

Rates assume 2006 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Cheap Mazda RX-8 Insurance

Finding cheaper rates on insurance for a Mazda RX-8 consists of having a decent driving record, having a good credit history, being claim-free, and insuring your home and auto with the same company. Set aside time to compare rates every couple of years by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The following items are a brief summary of the material that was covered above.

• Insureds who require additional liability coverage will pay an extra $490 annually to raise from a 30/60 limit to 250/500 limits
• 16 to 18-year-old drivers pay higher rates, possibly costing $318 each month including comprehensive and collision insurance
• Drivers considered higher risk that tend to have accidents or serious violations pay an average of $1,080 more each year than a driver with a clean driving record
• Increasing comprehensive and collision deductibles can save around $225 each year