Mazda RX-8 Insurance Rates

Estimated insurance rates for a Mazda RX-8 are $942 a year for full coverage insurance. Comprehensive costs an estimated $154, collision costs $188, and liability coverage is estimated at $442. Liability-only insurance costs approximately $496 a year, with high-risk driver insurance costing around $2,020. Teen drivers pay the most at $3,814 a year or more.

Average premium for full coverage: $942

Premium estimates broken down by type of coverage:

Price estimates include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 states and for different RX-8 trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on the price of insurance. More rural locations are statistically proven to have lower incidents of physical damage claims than larger metro areas.

The price range example below illustrates the difference between rural and urban areas on insurance prices.

These rate differences illustrate why anyone shopping for car insurance should get quotes for a targeted area, rather than using price averages.

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

Rate Comparisons

The chart below illustrates estimated Mazda RX-8 insurance rates for other coverage scenarios.

• The lowest rate with discounts is $578
• Choosing higher $1,000 deductibles can save approximately $78 each year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $942
• Choosing more expensive low deductibles for comp and collision coverage bumps up the cost to $1,090
• Drivers with multiple violations and an at-fault accident could pay up to $2,020 or more
• An auto insurance policy that insures a teenage driver with full coverage can cost as much as $3,814 each year

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Insurance prices for a Mazda RX-8 also have a wide range based on the model year and trim level, your age and driving record, and liability limits and deductibles.

If you have a few violations or you caused an accident, you are probably paying $1,100 to $1,600 additional annually, depending on your age. High-risk driver insurance ranges around 42% to 130% more than average. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay at least $3,800 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Mazda RX-8 insurance rates. A good driver about age 40 could pay as low as $620 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,280 on average in Florida, New York, and Michigan.

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Choosing high deductibles can save as much as $230 a year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $398 more each year. View Rates by Deductible or Liability Limit

With such a large range in prices, the only way to figure out which insurance company is cheapest is to compare prices and see how they stack up. Each auto insurer uses a different rate calculation, and prices will be substantially different.

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 Cheaper Mazda RX-8 Insurance

Finding better rates on auto insurance takes being a low-risk driver, having a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Shop around at least once a year by obtaining price quotes from direct insurance companies, and also from local insurance agencies.

The items below are a condensed summary of the primary concepts that were covered above.

• It is possible to save approximately $100 per year simply by shopping early and online
• Drivers with multiple at-fault accidents may have to pay on average $1,080 more annually to insure their RX-8
• Increasing policy deductibles can save approximately $225 each year
• Teen drivers are expensive to insure, with premiums being up to $318 per month if comprehensive and collision insurance is included