Lower Your 2012 Mazda MX-5 Miata Car Insurance Quotes

Comparison shopping for car insurance is always hard for consumers not familiar with buying insurance online. Consumers have so many options available that it can turn into a ton of work to compare prices.

It is always a good idea to do rate comparisons once or twice a year since insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the best deal for MX-5 Miata insurance six months ago there is a good chance you can find better rates now. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the easiest way to properly buy coverages while reducing your premium.

How to Compare Auto Insurance Costs

To find the best auto insurance prices, there are several ways of comparing rates from auto insurance companies in your area. The easiest way to find competitive 2012 Mazda MX-5 Miata insurance rates is simply to get online rate quotes. This can be done in just a few minutes using one of these methods.

The easiest and least time consuming way to get quotes would be an industry-wide quote request form (click to open form in new window). This method eliminates the need for separate quotes for each company you want a rate for. One form gets you price quotes from auto insurance companies with the best prices. This is by far the quickest method.
A slightly less efficient method to shop for auto insurance online requires you to visit each company website to request a price quote. For example, we’ll pretend you want to compare Nationwide, Liberty Mutual and GMAC. To get each rate you have to take the time to go to each site and enter your policy data, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

It doesn’t matter which method you choose, just make darn sure you compare the exact same coverages with every price quote. If your comparisons have differing limits it will be very difficult to find the best deal for your Mazda MX-5 Miata. Quoting even small variations in insurance coverages may result in large price differences. And when comparison shopping, quoting more will improve the odds of getting a lower rate.

Get lower rates on 2012 Mazda MX-5 Miata insurance

Properly insuring your vehicles can get expensive, but you may find discounts to reduce the price significantly. Most are applied when you complete an application, but less common discounts must be inquired about before you get the savings.

Payment Discounts – If you pay your bill all at once instead of paying each month you could save 5% or more.
Fewer Miles Equal More Savings – Driving fewer miles can earn lower rates on the low mileage vehicles.
Military Rewards – Being deployed with a military unit may qualify for rate reductions.
Accident Forgiveness – A few companies will forgive one accident without raising rates as long as you don’t have any claims for a set time period.
Paperwork-free – A few companies give back up to $50 for buying a policy and signing up online.
Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
Auto/Life Discount – Select insurance companies reward you with a break if you buy a life insurance policy as well.

It’s important to note that some credits don’t apply to the overall cost of the policy. Most only cut specific coverage prices like liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will reduce your overall premium however.

To see a list of insurance companies who offer auto insurance discounts, click this link.

Tailor your coverage to you

When it comes to choosing coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can help discover if you might need professional guidance.

How many claims can I have before being cancelled?
What is roadside assistance coverage?
What is the difference between comprehensive and collision coverage?
Is other people’s property covered if stolen from my vehicle?
Can I get a multi-policy discount?
Do I need medical payments coverage since I have good health insurance?
Is my state a no-fault state?
What is PIP insurance?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form.

Coverage specifics

Knowing the specifics of your policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Coverage for collisions

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as hitting a mailbox, crashing into a building, hitting a parking meter and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like rehabilitation expenses, prosthetic devices and doctor visits. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Comprehensive (Other than Collision)

This pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, hitting a bird, rock chips in glass, a tree branch falling on your vehicle and hail damage. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverage

This can cover damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as legal defense fees, medical services and emergency aid. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Mazda MX-5 Miata.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.