Save on 2013 Mazda MX-5 Miata Car Insurance Cost

Looking for cheaper insurance rates for your Mazda MX-5 Miata? Finding and buying car insurance is not a process car owners enjoy, but it’s required in every state before you can legally be on the road.

You should take the time to price shop coverage periodically because insurance rates fluctuate regularly. Despite the fact that you may have had the best deal for MX-5 Miata coverage on your last policy there may be better deals available now. Ignore everything you know about insurance because you’re about to learn one of the best ways to find great coverage at a great price.

Finding affordable coverage is easy if you know what you’re doing. Essentially every vehicle owner who carries insurance will be able to reduce their rates. Although vehicle owners must know how big insurance companies sell insurance online and take advantage of how the system works.

How to Compare Auto Insurance

Comparing auto insurance rates is a ton of work if you don’t understand the most efficient way. You could waste a few hours talking about coverages with local insurance agents in your area, or you can utilize the internet to get rates in a matter of minutes.

Most of the larger companies are enrolled in a marketplace where prospective buyers send in one quote, and each company can give them a price based on that information. This eliminates the need for quote requests for each company you want a rate for.

To enter your information into the quoting system, click here (opens in new window).

The only drawback to comparing rates this way is you cannot specify the insurers to get quotes from. So if you want to choose specific insurance companies to compare rates, we have a listing of auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just double check that you are using the exact same deductibles and coverage limits for every company. If you have different values for each quote you can’t possibly determine the lowest rate for your Mazda MX-5 Miata. Slightly different limits may result in large price differences. And when quoting auto insurance, remember that more quotes provides better odds of finding the best rates.

Are you getting all your discounts?

Companies that sell car insurance don’t always publicize all their discounts very well, so here is a list both the well known and the more hidden discounts you could be receiving.

  • Memberships – Being a member of a qualifying organization could qualify you for a break on car insurance for MX-5 Miata coverage.
  • Paperwork-free – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.
  • Multiple Cars – Having all your vehicles on one policy qualifies for this discount.
  • Own a Home – Owning a home may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Resident Student – Any of your kids who live away from home and do not have access to a covered vehicle may be able to be covered for less.
  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you could get a discount of approximately 10% to 15%.
  • Seat Belts Save – Drivers who require all occupants to use their safety belts can save 10% or more off your medical payments premium.
  • Early Signing – A few companies offer discounts for switching to them before your current policy expires. This can save 10% or more.

It’s important to understand that most discounts do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. So even though it sounds like all those discounts means the company will pay you, it just doesn’t work that way.

To see a list of providers with the best car insurance discounts, click here to view.

Mazda MX-5 Miata rates are complex

An important part of buying insurance is that you know some of the elements that help determine the rates you pay for insurance. Knowing what influences your rates helps enable you to make changes that will entitle you to big savings.

  • Drive less and save money – The more you drive in a year the higher your rates will be. Most insurance companies charge to insure your cars based upon how you use the vehicle. Cars that are left in the garage qualify for better rates than those used for commuting. Having the wrong rating on your MX-5 Miata can result in significantly higher rates. Verify your insurance policy is showing the correct driver usage.
  • Where you reside plays a part – Living in a rural area is a positive aspect when it comes to insurance. Drivers who live in large cities have more traffic problems and a longer drive to work. Less people living in that area translates into fewer accidents.
  • Occupation reflects on rates – Occupations like real estate brokers, architects and accountants are shown to have higher rates than average due to job stress and long work days. On the flip side, jobs such as actors, athletes and retirees pay the least for MX-5 Miata coverage.
  • Equipment add-ons that lower insurance rates – Driving a car that has an advanced theft prevention system can get you a discount on your insurance. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft.

Tailor your coverage to you

When buying the right insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different.

For instance, these questions could help you determine if your insurance needs would benefit from professional advice.

  • If my pet gets injured in an accident are they covered?
  • Does medical payments coverage apply to all occupants?
  • Does coverage extend to my business vehicle?
  • I have health insurance so do I need medical payments coverage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I need roadside assistance coverage?
  • What discounts do I qualify for?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, simply complete this short form.

Can switching companies really save?

21st Century, Allstate and State Farm regularly use television and radio advertisements. All the companies have a common claim that you can save if you move to them. How can each company claim to save you money?

Different companies have a certain “appetite” for the right customer that makes them money. An example of a driver they prefer might be profiled as over the age of 50, a clean driving record, and drives less than 7,500 miles a year. A propective insured who matches those parameters will get the preferred rates and most likely will save a lot of money.

Consumers who fall outside these standards will be quoted a more expensive rate which usually ends up with the customer not buying. Company advertisements say “customers who switch” but not “drivers who get quotes” save that kind of money. That is how insurance companies can make those claims. This emphasizes why drivers must get as many quotes as possible. It’s just too difficult to predict the company that will have the lowest Mazda MX-5 Miata insurance rates.

What insurance coverages do you need?

Understanding the coverages of your insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Liability coverages

This provides protection from damage that occurs to a person or their property. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three 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 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things like medical services, emergency aid and medical expenses. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision insurance

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like scraping a guard rail, damaging your car on a curb, backing into a parked car, rolling your car and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Mazda MX-5 Miata.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, falling objects, damage from flooding and fire damage. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for short-term medical expenses for funeral costs, rehabilitation expenses, dental work and hospital visits. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Be a smart shopper

As you shop your coverage around, it’s very important that you do not reduce coverage to reduce premium. In many instances, drivers have reduced liability coverage limits and discovered at claim time that it was a big error on their part. Your focus should be to purchase plenty of coverage for the lowest price while still protecting your assets.

The cheapest 2013 Mazda MX-5 Miata insurance is attainable both online as well as from independent agents, and you need to comparison shop both to have the best selection. Some insurance companies don’t offer online quoting and many times these smaller companies only sell through independent insurance agents.

We just presented many tips how you can save on insurance. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. Drivers may discover the most savings is with a smaller regional carrier.

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