2003 Mazda MX-5 Miata Car Insurance Quotes

Looking for the cheapest insurance coverage rates for your Mazda MX-5 Miata? Are you tired of robbing Peter to pay Paul to insure your Mazda every month? You are no different than many other drivers. You have so many car insurance companies to choose from, and although it’s nice to have multiple companies, having more car insurance companies makes it harder to compare company pricing.

Finding the best rates is not rocket science. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these techniques. Drivers just need to understand how to get comparison rates on the web.

How to Get Insurance Coverage Comparison Quotes

There are a lot of ways to shop for insurance coverage, but there is one way that is easier and takes less work. You can spend your afternoon driving to insurance companies in your area, or you could use online quotes to maximize your effort.

Many popular insurance companies belong to a marketplace where insurance shoppers enter their coverage request one time, and at least one company then returns a price quote based on that information. This saves time by eliminating repetitive form submissions to each individual insurance coverage company.

To submit your quote information now, click here to start a free quote.

The one disadvantage to using this type of system is you don’t know exactly which companies to get pricing from. If you prefer to choose from a list of companies to request quotes from, we have a page of low cost insurance coverage companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just compare exactly the same coverage information with every price quote. If you enter unequal deductibles or liability limits you will not be able to determine the best price for your Mazda MX-5 Miata.

Best discounts on Mazda MX-5 Miata coverage

Auto insurance companies don’t list every available discount very clearly, so we break down both the well known and the more hidden ways to save on insurance coverage. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Federal Employees – Active or retired federal employment can earn a discount up to 10% for MX-5 Miata insurance with a few insurance coverage companies.
  • Air Bag Discount – Factory air bags or motorized seat belts can qualify for discounts up to 30%.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Mazda can earn lower rates on the low mileage vehicles.
  • Defensive Driving Course – Taking a course teaching defensive driving skills could save 5% or more depending on where you live.
  • Discount for Life Insurance – Companies who offer life insurance give a discount if you purchase life insurance.
  • Auto/Home Discount – When you have multiple policies with one company you may earn approximately 10% to 15%.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.

Keep in mind that most of the big mark downs will not be given the the whole policy. Most only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like you could get a free insurance coverage policy, companies wouldn’t make money that way.

For a list of insurers who offer insurance coverage discounts, click this link.

Elements that influence Mazda MX-5 Miata insurance rates

It’s important that you understand some of the elements that help determine the rates you pay for car insurance. Having a good understanding of what determines base rates allows you to make educated decisions that will entitle you to lower car insurance prices.

The following are some of the factors companies use to determine prices.

  • Careful drivers pay lower rates – Even a single citation may increase your cost twenty percent or more. Drivers with clean records get better rates compared to drivers with tickets. Drivers who get flagrant violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with the DMV in their state in order to keep their license.
  • Liability insurance protects assets – The liability section of your policy is the protection if a court rules you are at fault for personal injury or accident damage. Liability insurance provides for a legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
  • With age comes lower rates – Teen drivers tend to be less responsible behind the wheel so they pay higher car insurance rates. Having to add a young driver onto your car insurance can break the bank. Older drivers tend to be more responsible, tend to file fewer claims and tend to be better behind the wheel.
  • Little extras can really add up – There are quite a few extra coverages that you can get tricked into buying on your car insurance policy. Things like rental car reimbursement, accidental death and motor club memberships may be wasting your money. These coverages may sound good at first, but if you don’t need them remove them from your policy.
  • How credit affects car insurance rates – Credit score is a important factor in determining what you pay for car insurance. So if your credit score is lower than you’d like, you could be paying less to insure your 2003 Mazda MX-5 Miata by spending a little time repairing your credit. People with high credit scores tend to be more responsible than drivers with poor credit.

Tailor your coverage to you

When choosing the right insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. These are some specific questions could help you determine whether you will benefit from professional help.

  • What if I owe more than I can insure my car for?
  • Who is covered when they drive my 2003 Mazda MX-5 Miata?
  • Is business property covered if stolen from my car?
  • Should I buy full coverage?
  • Can I afford low physical damage deductibles?
  • I have a DUI can I still get coverage?
  • Am I covered if my car is in a flood?
  • Is a blown tire covered by insurance?
  • How does medical payments coverage work?
  • What is an SR-22 filing?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Insurance specifics

Knowing the specifics of a insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are typical coverages offered by insurance companies.

Liability coverages

This coverage provides protection from damage that occurs to people or other property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like structural damage, attorney fees, medical expenses, bail bonds and funeral expenses. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as rock chips in glass, hitting a bird and hitting a deer. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for collisions

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with another moving vehicle, crashing into a ditch and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses like X-ray expenses, ambulance fees, funeral costs and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

In conclusion

While you’re price shopping online, you should never skimp on coverage in order to save money. There are many occasions where an insured dropped uninsured motorist or liability limits only to find out that it was a big mistake. The ultimate goal is to purchase plenty of coverage at a price you can afford while still protecting your assets.

Cheaper 2003 Mazda MX-5 Miata insurance can be purchased from both online companies and also from your neighborhood agents, so you should compare both so you have a total pricing picture. Some insurance providers may not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

Additional detailed information can be found by following these links: