It’s hard to fathom, but most consumers have purchased from the same company for at least four years, and almost half have never shopped around. The average driver in Toledo could save themselves as much as 55% a year by just comparing quotes, but most undervalue the benefits if they swap their current policy for a cheaper one.
It takes a little time, but the best way to get more affordable Mazda RX-8 insurance is to regularly compare prices from insurers that insure vehicles in Toledo.
- First, take a little time to learn about how insurance works and the steps you can take to prevent high rates. Many risk factors that are responsible for high rates such as speeding tickets, accidents and an unacceptable credit score can be eliminated by paying attention to minor details.
- Second, compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO and State Farm, while independent agencies can give you price quotes for a wide range of insurance providers.
- Third, compare the new quotes to your existing rates to see if cheaper RX-8 coverage is available. If you find better rates and decide to switch, ensure coverage does not lapse between policies.
One thing to remember is to try to use the same level of coverage on every quote and to quote with as many different companies as possible. This guarantees a fair price comparison and a better comparison of the market.
Buying the cheapest auto insurance in Toledo can be much easier if you know how to start. If you are paying for car insurance now, you will most likely be able to save money using the ideas you’re about to read. Consumers just have to use the proper way to compare price quotes from multiple carriers.
Auto insurance providers offering cheap price quotes in Ohio
The auto insurance companies shown below can provide free quotes in Ohio. In order to find cheap car insurance in Toledo, it’s highly recommended you visit as many as you can to get the best price comparison.
Insurance coverage analysis
The coverage table below showcases different rate quotes for Mazda RX-8 models. Being able to understand how policy rates are determined can help customers make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| RX-8 Sport 4-Dr Coupe | $198 | $346 | $306 | $18 | $92 | $960 | $80 |
| RX-8 Grand Touring 4-Dr Coupe | $198 | $398 | $306 | $18 | $92 | $1,012 | $84 |
| RX-8 R3 4-Dr Coupe | $198 | $398 | $306 | $18 | $92 | $1,012 | $84 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Information does not factor in vehicle garaging location which can revise premiums noticeably.
Responsible drivers pay cheaper auto insurance rates
The information below highlights how speeding tickets and at-fault claims impact Mazda RX-8 insurance costs for each age group. The premium estimates are based on a married female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
Gender-based auto insurance rates
The diagram below shows the comparison of Mazda RX-8 insurance costs for male and female drivers. The premium estimates are based on no claims or violations, full coverage, $250 deductibles, single marital status, and no additional discounts are factored in.
Comparison of full coverage and liability-only policies
The chart below compares Mazda RX-8 car insurance costs with liability coverage only compared to full coverage. The price estimates are based on no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are factored in.
When to switch to liability coverage only
There isn’t a steadfast formula for excluding physical damage insurance, but there is a general convention. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s pretend your Mazda RX-8 book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after the policy deductible has been paid. If you are paying over $200 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where only buying liability is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should maintain full coverage.
Score discounts on Toledo car insurance
Some providers don’t necessarily list every possible discount very clearly, so the list below details a few of the more common as well as some of the hidden discounts you could be receiving when you buy Toledo car insurance online.
- Driver Training Discounts – Passing a course in defensive driver could cut 5% off your bill and make you a better driver.
- New Vehicle Savings – Adding a new car to your policy may earn a small discount because new vehicles keep occupants safer.
- Save with More Vehicles Insured – Buying coverage for several vehicles with the same car insurance company qualifies for this discount.
- Discount for Home Ownership – Owning a home in Toledo can save a few bucks because owning a home requires personal responsibility.
- Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up before driving can save up to 15% off the personal injury premium cost.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it will make them better drivers and lower rates.
- College Student Discount – Kids who are attending college without a vehicle on campus can receive lower rates.
- Cautious Driver Discount – Drivers who avoid accidents can save as much as half off their rates than drivers with accident claims.
- Federal Government Employee – Active or former government employment could provide a small rate reduction depending on your car insurance provider.
- Low Mileage – Fewer annual miles on your Mazda could be rewarded with cheaper car insurance rates.
Please keep in mind that some of the credits will not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, you aren’t that lucky.
The diagram below visualizes the comparison of Mazda RX-8 premium costs with and without discounts. The premiums assume a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, multi-car, homeowner, and claim-free discounts applied.
A partial list of companies that may offer policyholders these money-saving discounts may include but are not limited to:
Double check with each insurance company which discounts you may be entitled to. Some of the earlier mentioned discounts might not be offered in your area. To find providers that offer some of these discounts in Ohio, follow this link.
Auto insurance is available from your local insurance agencies
A lot of people prefer to go talk to an agent. Professional agents will help you protect your assets and help file insurance claims. One of the benefits of getting free rate quotes online is that you can find cheap rate quotes and still choose a local agent.
To find an agent, once you fill out this simple form, the coverage information is transmitted to participating agents in Toledo who will give competitive quotes and help you find cheaper coverage. It’s much easier because you don’t need to leave your house since price quotes are sent instantly to you. If for some reason you want to compare rates for a specific company, you just need to go to their quote page and complete a quote there.
Picking the best insurance company requires you to look at more than just the quoted price. A good agent in Toledo will have answers to these questions.
- Which companies can they place coverage with?
- What will you get paid if your car is a total loss? How is that amount determined?
- How long has the business existed?
- Is coverage determined by price?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
Which car insurance company is best in Ohio?
Ending up with a highly-rated company is hard considering how many choices there are in Toledo. The company rank data below could help you select which car insurance providers you want to consider comparing price quotes from.
Top 10 Toledo Car Insurance Companies Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- Allstate
- 21st Century
- Travelers
Top 10 Toledo Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Erie Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Car insurance can be complex
Always keep in mind that when comparing insurance from an agent or online for your personal vehicles, there really is no one size fits all plan. You are unique so your insurance should reflect that
For instance, these questions could help you determine whether your personal situation might need an agent’s assistance.
- Am I covered when driving someone else’s vehicle?
- Can I rate high risk drivers on liability-only vehicles?
- Does rental coverage apply when I am renting a car?
- Does my medical payments coverage pay my health insurance deductible?
- Who is covered when they drive my Mazda RX-8?
- When should I not file a claim?
- When should I drop full coverage on my Mazda RX-8?
- Do I pay less for low miles?
- Am I covered if hit by an uninsured driver?
- Do I need special endorsements for business use of my vehicle?
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.
What auto insurance coverages do you need?
Understanding the coverages of your auto insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most auto insurance policies.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Mazda RX-8.
Because many people only purchase the least amount of liability that is required (25/50/25 in Ohio), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.
Coverage for collisions
Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision coverage pays for things like sustaining damage from a pot hole, backing into a parked car, scraping a guard rail, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible on your RX-8 to bring the cost down.
Comprehensive auto insurance
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like a tree branch falling on your vehicle, a broken windshield, damage from a tornado or hurricane, hitting a deer and fire damage. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like hospital visits, funeral costs and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Liability
This provides protection from injuries or damage you cause to other people or property that is your fault. This coverage protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for claims such as medical services, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible. Ohio requires minimum liability limits of 25/50/25 but drivers should carry higher limits.
The next chart shows why minimum state limits may not be high enough to adequately cover claims.
Insurance savings summarized
Low-cost Mazda RX-8 insurance in Toledo can be purchased from both online companies as well as from insurance agents, and you should be comparing both to have the best rate selection. Some insurance companies don’t offer price quotes online and these regional carriers provide coverage only through local independent agents.
When searching for inexpensive Toledo car insurance quotes, it’s very important that you do not reduce needed coverages to save money. Too many times, an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim that it was a big mistake. Your objective should be to find the BEST coverage for the lowest cost and still be able to protect your assets.
Even more information is available by following these links:
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Who Has Cheap Toledo Car Insurance Quotes for Low Credit Scores? (FAQ)
- What Car Insurance is Cheapest for Teenagers in Toledo? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for 17 Year Olds in Toledo? (FAQ)
- Older Drivers FAQ (iihs.org)
- Prom Night Tips for Teen Drivers (State Farm)