2015 Mazda MX-5 Miata Insurance Cost – 5 Tips to Save

Want cheaper insurance rates for your Mazda MX-5 Miata? Nobody I know enjoys paying for insurance, especially when they are paying too much.

Multiple car insurance companies compete for your insurance dollar, and it can be difficult to compare rates to discover the definitive cheapest price

Compare the Market for Insurance Coverage

There are a variety of methods to compare 2015 Mazda MX-5 Miata insurance coverage prices but there is one way that is less time-consuming than others. You could spend the better part of a day driving to agents in your area, or you could save time and use online quotes for quick rates.

The majority of car insurance companies are enrolled in a marketplace that allows shoppers to submit one quote, and each company then gives them pricing based on that data. This prevents consumers from doing repetitive form submissions for every insurance coverage company. To find out what other companies charge for 2015 Mazda MX-5 Miata insurance click to open in new window.

The only downside to comparing rates this way is you don’t know exactly the companies to get pricing from. If you wish to select from a list of companies to request quotes from, we put together a list of low cost insurance coverage companies in your area. Click to view list.

Whichever way you use, compare apples-to-apples quote information with each company. If the quotes have mixed coverages it will be very difficult to determine the lowest rate for your Mazda MX-5 Miata. Just a small difference in limits may result in large price differences. And when quoting insurance coverage, remember that having more price comparisons provides better odds of finding lower pricing.

Get lower rates on Mazda MX-5 Miata insurance

Companies do not advertise every available discount very well, so we researched some of the more common and the more hidden ways to save on auto insurance.

  • Club Memberships – Affiliation with a professional or civic organization is a good way to get lower rates on auto insurance for MX-5 Miata insurance.
  • Auto/Life Discount – Select insurance companies reward you with a break if you buy life insurance.
  • Resident Student – Any of your kids living away from home attending college and do not have a car may be able to be covered for less.
  • Early Switch Discount – Some companies give discounts for switching to them before your current expiration date. It’s a savings of about 10%.
  • Multiple Vehicles – Insuring multiple vehicles on one policy qualifies for this discount.

It’s important to note that some of the credits will not apply the the whole policy. Some only apply to specific coverage prices like comprehensive or collision. Just because it seems like all the discounts add up to a free policy, it doesn’t quite work that way.

For a list of insurers with the best auto insurance discounts, click here to view.

Tailor your coverage to you

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions may help highlight whether your personal situation would benefit from professional advice.

  • Why do I need rental car insurance?
  • At what point should I drop full coverage?
  • Does medical payments coverage apply to all occupants?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I have coverage for damage caused while driving under the influence?
  • Do I have coverage when making deliveries for my home business?
  • Does my car insurance cover rental cars?
  • What can I do if my company won’t pay a claim?
  • Am I covered if I hit a deer?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Information about specific coverages

Having a good grasp of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverage types found on the average insurance policy.

Comprehensive insurance

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as falling objects, damage from a tornado or hurricane, a tree branch falling on your vehicle and fire damage. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Mazda MX-5 Miata.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Coverage for collisions

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

Collision coverage pays for things like sustaining damage from a pot hole, hitting a mailbox and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Liability insurance

Liability insurance can cover injuries or damage you cause to other people or property. This coverage protects you against claims from other people, and does not provide coverage for 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 limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims such as emergency aid, repair costs for stationary objects, pain and suffering, legal defense fees and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like pain medications, prosthetic devices and doctor visits. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage