2014 Mazda MX-5 Miata Insurance Rates

Looking for better car insurance rates for your Mazda MX-5 Miata? Searching for the lowest cost car insurance online can be impossible for consumers new to buying insurance online. With so many choices of choices, how can you even start to compare them all to find the cheapest available price?

Consumers should take time to do rate comparisons every six months because prices are rarely the same from one policy term to another. Even if you think you had the best deal on MX-5 Miata insurance a few years ago you can probably find a lower rate today. You can find a lot of misleading information regarding car insurance online but with this article, you’re going to get some great ideas on how to quit paying high car insurance rates.

If you currently have car insurance, you stand a good chance to be able to save some money using this strategy. This information will teach you how to get online quotes and some tips to save money. Nevertheless, car owners need to have an understanding of the methods companies use to compete online and use this information to your advantage.

You probably qualify for some discounts

Car insurance companies don’t always advertise every available discount in a way that’s easy to find, so we break down both the well known and the harder-to-find savings tricks you should be using.

  • Multiple Cars – Insuring all your vehicles on the same insurance coverage policy may reduce the rate for each vehicle.
  • Club Memberships – Being a member of a civic or occupational organization is a good way to get lower rates when buying insurance coverage on MX-5 Miata insurance.
  • No Claims – Good drivers with no accidents can save substantially as compared to frequent claim filers.
  • Federal Government Employee – Employees or retirees of the government could cut as much as 10% off on MX-5 Miata insurance depending on your company.
  • College Student – Youth drivers who are attending college and do not have access to a covered vehicle may qualify for this discount.
  • Save over 55 – If you qualify as a senior citizen, you can possibly qualify for reduced rates on MX-5 Miata insurance.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.

A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way.

A partial list of companies that may have these money-saving discounts are:

Before buying, ask each company which discounts they offer. All car insurance discounts may not be available in every state.

The quickest way to compare car insurance company rates is to understand auto insurance companies will pay a fee to give you rate quotes. All you need to do is provide information including whether you have decent credit, if you’re married, how much you drive, and the make and model of your vehicles. That rating information gets sent immediately to many highly-rated insurers and they return quotes almost instantly.

Why you might be paying too much to insure your Mazda MX-5 Miata

Smart consumers have a good feel for the rating factors that come into play when calculating the rates you pay for auto insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that can help you get much lower annual insurance costs.

The list below includes some of the factors companies use to determine your rates.

  • Better crash test results mean better rates – Vehicles with high crash test scores are cheaper to insure. Safe vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company passed on to you as lower rates. If your Mazda is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Rates may be lower depending on your job – Occupations such as judges, executives and accountants have higher rates than average due to high stress and long work hours. On the flip side, occupations such as pilots, athletes and the unemployed get better rates on MX-5 Miata insurance.
  • How’s your driving record? – Even a single moving violation can bump up the cost by twenty percent. Drivers who don’t get tickets have lower premiums than their less careful counterparts. Drivers who get dangerous violations like DUI or reckless driving may be required to file a SR-22 with their state DMV in order to prevent a license revocation.
  • Males pay more for insurance – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean women are better drivers. Women and men tend to get into accidents at a similar rate, but men tend to have more serious accidents. Men also get cited for more serious violations like DUI and reckless driving.
  • Don’t cancel a policy without a new one in place – Letting your insurance expire will be a sure-fire way to pay more for auto insurance. And not only will your rates increase, but being ticketed for driving with no insurance might get you a steep fine or even jail time.

There’s no such thing as the perfect policy

When buying the best insurance coverage coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might help in determining whether or not you would benefit from professional advice.

  • Is my camper covered by my car insurance policy?
  • What should my uninsured motorist coverage limits be in my state?
  • Do I need special endorsements for business use of my vehicle?
  • Why am I required to get a high-risk car insurance policy?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Do I need PIP (personal injury protection) coverage in my state?
  • What vehicles should carry emergency assistance coverage?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form.

Auto insurance coverage information

Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Collision coverage – This coverage will pay to fix damage to your MX-5 Miata caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as sideswiping another vehicle, scraping a guard rail, crashing into a building and crashing into a ditch. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Coverage for liability – Liability insurance provides protection from damage that occurs to people or other property that is your fault. This coverage 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. As an example, you may have limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for things like court costs, bail bonds, medical expenses and medical services. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive or Other Than Collision – This coverage pays for damage that is not covered by collision coverage. 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 deer, hitting a bird, damage from flooding, damage from a tornado or hurricane and vandalism. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical costs insurance – Med pay and PIP coverage kick in for bills for X-ray expenses, pain medications, dental work and hospital visits. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Stretch your dollar

Lower-priced 2014 Mazda MX-5 Miata insurance is definitely available both online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some auto insurance companies may not provide the ability to get a quote online and these smaller companies work with independent agents.

We’ve covered quite a bit of information on how to shop for insurance online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the biggest savings come from a small local company.

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. There are a lot of situations where an insured dropped comprehensive coverage or liability limits only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase plenty of coverage at an affordable rate.

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