2017 Mazda MX-5 Miata Insurance Quotes – 5 Savings Tips

Looking for lower car insurance rates for your Mazda MX-5 Miata? Feel like you’re a prisoner to high-priced car insurance? Trust us, many drivers have buyer’s remorse. Since vehicle owners have many options, it can be diffult for drivers to pick the best car insurance company.

It’s important to get comparison quotes before your policy renews since prices change frequently. Despite the fact that you may have had the best deal for MX-5 Miata insurance two years ago a different company probably has better premium rates today. Ignore everything you know about car insurance because you’re about to learn the best methods to eliminate unnecessary coverages and save money.

Compare free insurance coverage price quotes

There are several ways to shop for insurance coverage, but one way is easier and takes less work. You could waste time talking about coverages with insurance agencies in your area, or you could save time and use online quoting to achieve your goal.

Most car insurance companies belong to an insurance system where prospective buyers enter their coverage request one time, and each participating company then gives them pricing determined by their information. This saves time by eliminating quotation requests to every company. To access this free quoting program, click here (opens in new window).

The only drawback to comparing rates this way is you are unable to specify the companies to get quotes from. So if you prefer to pick specific insurance companies for rate comparison, we put together a list of companies who write insurance coverage in your area. View list of insurance companies.

How you compare quotes is your choice, just ensure you’re using apples-to-apples quote data for each price quote. If your comparisons have mixed coverages it will be nearly impossible to determine the lowest rate for your Mazda MX-5 Miata.

Do you qualify for these five discounts?

Companies that sell car insurance don’t always list all possible discounts in an easy-to-find place, so we took the time to find a few of the more common and also the more inconspicuous credits that may apply to you.

  • Driver Education Discount – Teen drivers should participate in a local driver’s education class as it can save substantially.
  • Telematics Data Discounts – Drivers who elect to allow their company to analyze driving habits through the use of a telematics system such as Progressive’s Snapshot could possibly reduce rates if they have good driving habits.
  • Home Ownership Discount – Owning your own home or condo may earn you a small savings because of the fact that having a home requires a higher level of personal finance.
  • No Claims – Drivers who stay claim-free have much lower rates when compared to drivers with a long claim history.
  • Seat Belt Usage – Drivers who require all occupants to buckle up may be able to save a few bucks off the PIP or medical payment premium.

As is typical with insurance, many deductions do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way.

Popular insurance companies and some of the discounts are detailed below.

  • GEICO offers premium reductions for anti-lock brakes, daytime running lights, multi-vehicle, emergency military deployment, driver training, military active duty, and federal employee.
  • Travelers offers discounts including student away at school, save driver, multi-car, new car, early quote, payment discounts, and good student.
  • Farm Bureau offers discounts for youthful driver, multi-policy, good student, driver training, and renewal discount.
  • Liberty Mutual has discounts for multi-car, good student, exclusive group savings, newly retired, and teen driver discount.
  • American Family has savings for bundled insurance, air bags, early bird, accident-free, defensive driver, good driver, and Steer into Savings.
  • Progressive may include discounts for multi-policy, multi-vehicle, continuous coverage, good student, online quote discount, online signing, and homeowner.

If you need lower rates, check with every prospective company how many discounts you can get. Some discounts might not be offered in your area. To find companies who offer insurance discounts, follow this link.

Don’t assume everyone needs the same car insurance coverage

When it comes to choosing adequate coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that might point out if your insurance needs will benefit from professional help.

  • Why am I required to get a high-risk car insurance policy?
  • If my pet gets injured in an accident are they covered?
  • Exactly who is provided coverage by my policy?
  • I have health insurance so do I need medical payments coverage?
  • I don’t drive much so do I pay less?
  • Should I file a claim if it’s only slightly more than my deductible?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Do car insurance companies bend the truth?

Consumers can’t get away from all the ads that claim the cheapest prices by State Farm, GEICO and Progressive. All the companies tend to make the same promise about saving some big amount if you just switch your policy.

How is it plausible that every one can charge you less for auto insurance? It’s all in the words they use.

All the different companies require specific criteria for the driver that will most likely be profitable. For instance, this type of insured might be a married female, owns a home, and the vehicle is rated for pleasure use. A customer that matches those criteria will qualify for the lowest premium rates and as a result will probably cut their rates substantially.

Drivers who fall outside the requirements may receive higher prices and this can result in business not being written. If you listen to the ad wording, they say “people that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s why companies can make claims that they all have the best auto insurance rates. This really illustrates why you need to do a price quote comparison at every renewal. You cannot predict with any certainty which company will have the lowest rates.

Insurance coverages 101

Learning about specific coverages of a insurance policy can help you determine the best coverages for your vehicles. Insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average insurance policy.

Medical expense insurance

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like nursing services, hospital visits, doctor visits and EMT expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as theft, damage from a tornado or hurricane, a tree branch falling on your vehicle, fire damage and hitting a deer. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision protection

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

Collision can pay for things like crashing into a ditch, hitting a mailbox, hitting a parking meter, colliding with a tree and driving through your garage door. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to other’s property or people. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things like repair bills for other people’s vehicles, medical expenses, pain and suffering, structural damage and bail bonds. How much coverage you buy is a personal decision, but buy as much as you can afford.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Final thoughts

We just showed you some good ideas how to compare 2017 Mazda MX-5 Miata insurance prices online. The most important thing to understand is the more companies you get rates for, the more likely it is that you will get a better rate. You may even find the best prices are with a smaller regional carrier. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or GEICO.

Cheap 2017 Mazda MX-5 Miata insurance is possible from both online companies and also from your neighborhood agents, so you need to shop insurance with both to have the best chance of lowering rates. Some insurance companies may not offer internet price quotes and most of the time these small, regional companies only sell coverage through independent insurance agents.

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