Lower Your 2017 Mazda MX-5 Miata Insurance Cost

No one anticipates paying for car insurance, especially knowing the cost is too high.

Having so many companies to choose from, it is very difficult to choose the most affordable car insurance company.

It’s a good habit to compare premium rates before your next renewal because rates change frequently. Even if you got the best premium rates on MX-5 Miata coverage two years ago you may be paying too much now. Block out anything you think you know about car insurance because we’re going to demonstrate how to use the internet to lower your rates without sacrificing coverage.

Which insurance is cheapest?

There are multiple methods to compare insurance quotes, but one way is less labor-intensive and much quicker. You can waste a few hours (or days) talking to insurance agencies in your area, or you can stay home and use online quoting to maximize your effort.

Most car insurance companies participate in a marketplace that allows shoppers to send in one quote, and at least one company can give them a price. This saves time by eliminating quotation requests to each individual insurance company.

To use this form to compare rates click to open in new window.

The one disadvantage to pricing coverage this way is that you can’t choose the insurers you will receive quotes from. If you prefer to choose individual companies for rate comparison, we have a page of companies who write insurance in your area. Click here to view list.

Whichever method you choose, make sure you are using equivalent coverage limits on every price quote you get. If the quotes have different limits and deductibles on each one it’s not possible to truly determine the lowest rate. Slightly different limits may cause a big price difference. And when comparison shopping, comparing all the rates in your area helps increase your odds of locating a lower rate. Not every company does quotes online, so you should also compare prices from the smaller companies as well.

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More affordable rates by taking advantage of discounts

Insuring your vehicles can cost a lot, but you might be missing out on some discounts that you may not even know about. Larger premium reductions will be automatically applied at the time of quoting, but a few need to be requested specifically before being credited.

• Save over 55 – Seniors can get reduced rates on MX-5 Miata coverage.
• Driver’s Education for Students – Teen drivers should enroll and complete driver’s education in high school.
• Auto/Home Discount – When you have multiple policies and insure them both with the same insurance company you may save up to 20% and get you cheap car insurance.
• Employee of Federal Government – Active or retired federal employment can earn a discount up to 10% on MX-5 Miata coverage depending on your company.
• Theft Deterent Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and earn discounts up to 10% off your car insurance quote.
• Passive Restraint Discount – Vehicles with factory air bags and/or automatic seat belt systems could see savings as much as 30%.
• Home Ownership Discount – Just owning your own home can get you a discount since home ownership requires a higher level of personal finance.
• College Student Discount – Older children living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
• Discount for New Cars – Putting insurance coverage on a new car may earn a small discount since new vehicles have better safety ratings.

As a footnote on discounts, some credits don’t apply to the entire cost. Most cut specific coverage prices like comp or med pay. So even though they make it sound like you could get a free car insurance policy, nobody gets a free ride. But all discounts will definitely reduce your policy premiums.

A list of car insurance companies and some of their more popular discounts include:

• Progressive offers discounts including online signing, multi-policy, homeowner, multi-vehicle, good student, and online quote discount.
• Geico offers premium reductions for emergency military deployment, daytime running lights, anti-lock brakes, anti-theft, and five-year accident-free.
• State Farm may offer discounts for multiple autos, anti-theft, good driver, Steer Clear safe driver discount, safe vehicle, passive restraint, and student away at school.
• Esurance has discounts for online quote, anti-lock brakes, Switch & Save, emergency road assistance, multi-policy, and renters.
• The Hartford may include discounts for defensive driver, anti-theft, vehicle fuel type, air bag, driver training, bundle, and good student.

When quoting, ask every prospective company the best way to save money. Discounts may not be available in your area. If you would like to choose from a list of providers that offer discounts, click this link.

How much auto insurance do I need?

When it comes to choosing adequate coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions could help you determine whether you might need professional guidance.

• At what point should I drop full coverage?
• Is borrowed equipment or tools covered if stolen or damaged?
• If I drive on a suspended license am I covered?
• Am I covered by my spouse’s policy after a separation?
• How much underlying liability do I need for an umbrella policy?
• Does car insurance cover theft of personal property?
• Is extra glass coverage worth it?
• Should I have a commercial auto policy?
• I have health insurance so do I need medical payments coverage?
• How can I force my company to pay a claim?

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 insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Insurance coverages and their meanings

Having a good grasp of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by insurance companies.

Auto liability – Liability coverage protects you from damage or injury you incur to people or other property. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like medical expenses, legal defense fees and attorney fees. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Collision coverages – This coverage covers damage to your MX-5 Miata resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like damaging your car on a curb, colliding with a tree, crashing into a ditch and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive protection – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hail damage, a broken windshield, damage from getting keyed, fire damage and hitting a deer. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured or underinsured coverage – This provides protection when other motorists do not carry enough liability coverage. This coverage pays 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 carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits do not exceed the liability coverage limits.

Medical expense coverage – Med pay and PIP coverage pay for short-term medical expenses like X-ray expenses, ambulance fees, chiropractic care, dental work and prosthetic devices. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

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Quote often and quote early

In this article, we covered a lot of techniques to compare 2017 Mazda MX-5 Miata insurance rates online. The key concept to understand is the more times you quote, the higher your chance of finding cheap car insurance. Drivers may discover the lowest rates come from a smaller regional carrier. Some small companies may only write in your state and offer lower car insurance rates than their larger competitors like Allstate and Progressive.

When buying insurance coverage, you should never skimp on coverage in order to save money. In many instances, an insured cut liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy a smart amount of coverage at the lowest possible cost.

More tips and info about insurance is located by following these links:

• What Does No-Fault Insurance Cover? (Allstate)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• Tools for Teen Driving Safety (State Farm)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)

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