2011 Mazda MX-5 Miata Car Insurance Quotes

Scraping up a payment for overpriced Mazda MX-5 Miata insurance can take a big chunk out of your personal savings, especially in this economy. Doing a price comparison is a smart way to make sure you’re not throwing money away. Companies like State Farm, Allstate, GEICO and Progressive continually bombard you with catchy ads and it is difficult to sift through the bull and do the work needed to find the best deal.

If you have a current insurance policy or are shopping for new coverage, you can use these tips to find better prices while maximizing coverage. Finding the best rates is not rocket science. Vehicle owners just need to understand the best way to get comparison rates on the web.

Why your Mazda MX-5 Miata insurance rates may be high

Smart consumers have a good feel for the rating factors that go into determining the rates you pay for insurance. Understanding what determines base rates enables informed choices that may reward you with big savings.

  • Extra coverages can waste money – There are many additional coverages that you can buy when buying insurance. Insurance for vanishing deductibles, towing coverage and membership fees may be wasting your money. They may seem good when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Lower rates with optional equipment – Driving a car with anti-theft technology or alarm system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your car from being stolen.
  • Drive less and save money – Driving more miles every year the higher your rates will be. Most insurance companies rate vehicles based on how the vehicle is used. Autos left parked in the garage receive lower rates than those used for commuting. Having the wrong rating on your MX-5 Miata can result in significantly higher rates. Make sure your insurance coverage properly reflects the proper vehicle usage, because improper ratings can cost you money.
  • Sex matters – Statistics have proven that women are safer drivers than men. Now that doesn’t mean women are BETTER drivers than men. Men and women tend to get into accidents at a similar rate, but the male of the species tend to have more serious accidents. Men also tend to receive more costly citations such as DWI and reckless driving.

Do you qualify for a discount?

Insurance can cost an arm and a leg, but there are discounts available to help offset the cost. Certain discounts will be applied when you get a quote, but less common discounts must be asked for prior to getting the savings. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Good Students Pay Less – Getting good grades can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Passive Restraints – Vehicles with factory air bags may earn rate discounts of 20% or more.
  • Military Discounts – Having a deployed family member could mean lower rates.
  • Sign Online – A few companies will give a small break for buying your policy digitally online.
  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
  • Senior Discount – Mature drivers may be able to get reduced rates for MX-5 Miata coverage.

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. Most cut specific coverage prices like medical payments or collision. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way. But any discount will help reduce your premiums.

To see a list of providers with the best insurance discounts, click this link.

What coverages do I need?

When buying proper insurance coverage, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that could help you determine whether your personal situation might need an agent’s assistance.

  • Am I covered if I drive in a foreign country?
  • Am I covered when driving someone else’s vehicle?
  • What is the minimum liability in my state?
  • I don’t drive much so do I pay less?
  • If I drive on a suspended license am I covered?
  • Should I buy more coverage than the required minimum liability coverage?
  • Why am I required to buy liability insurance?
  • Is a new car covered when I drive it off the dealer lot?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Insurance coverages explained

Knowing the specifics of a insurance policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverages offered by insurance companies.

Liability coverage

Liability insurance will cover damage that occurs to other people or property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like structural damage, repair bills for other people’s vehicles, funeral expenses and bail bonds. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Medical expense insurance

Med pay and PIP coverage pay for bills like EMT expenses, surgery, rehabilitation expenses and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as a broken windshield, hitting a bird and hail damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Mazda MX-5 Miata.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for collisions

This coverage 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 can pay for things like driving through your garage door, colliding with a tree, sustaining damage from a pot hole and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Quote more, save more

While you’re price shopping online, it’s very important that you do not reduce needed coverages to save money. In too many instances, an accident victim reduced uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. Your focus should be to get the best coverage possible for the lowest price.

You just learned a lot of information how to compare 2011 Mazda MX-5 Miata insurance prices online. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding lower rates. You may even discover the best price on auto insurance is with the smaller companies. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like Progressive or GEICO.

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