1990 Mazda MX-5 Miata Insurance Quotes

Trying to find the cheapest car insurance rates for your Mazda MX-5 Miata? Are you tired of not being able to afford to insure your Mazda every month? You’re in the same situation as many other consumers. Many insurance companies vie for your business, so it’s not easy to compare every insurer to get the best price available.

Automobile Insurance Quotes

Finding a lower price on 1990 Mazda MX-5 Miata insurance is not a difficult process. All that’s required is to take time comparing rate quotes online with multiple companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. The best way consumers can analyze rates is an all-inclusive rate comparison (click to open form in new window). This method keeps you from doing separate quotation requests for each company you want a rate for. One simple form gets you coverage quotes from multiple low-cost companies.
  2. A slightly less efficient method to find lower rates requires a trip to the website for every company you want to comare to request a price quote. For instance, we’ll pretend you want to compare rates from Auto-Owners, Esurance and Allstate. To find out each rate you need to take the time to go to each site to enter your coverage information, which is why the first method is more popular. To view a list of companies in your area, click here.
  3. The least recommended way of comparing rate quotes is to spend your day driving to insurance agents’ offices. Shopping for auto insurance online makes this process obsolete unless you prefer the personal advice of a licensed agent. However, consumers can get prices online but still have the advice of a local agent and we’ll touch on that later.

Whichever method you choose, double check that you are using apples-to-apples quote information with every price quote. If you compare differing limits you can’t possibly truly determine the lowest rate.

Don’t pay full price with these discounts

Car insurance is not cheap, but companies offer discounts to cut the cost considerably. A few discounts will automatically apply at the time of quoting, but less common discounts must be specifically requested before you get the savings. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Passive Restraints – Factory air bags or automatic seat belts can get savings of up to 25% or more.
  • New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
  • Homeowners Savings – Owning a home can help you save on insurance coverage because of the fact that having a home is proof that your finances are in order.
  • Seat Belts Save – Requiring all passengers to use their safety belts could save 15% on the medical payments or PIP coverage costs.
  • No Accidents – Drivers with accident-free driving histories pay less as compared to bad drivers.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Memberships – Belonging to certain professional organizations may earn a discount on your policy on MX-5 Miata insurance.

It’s important to understand that some of the credits will not apply to your bottom line cost. Some only reduce specific coverage prices like comprehensive or collision. So when it seems like adding up those discounts means a free policy, you’re out of luck. But any discount will bring down the cost of coverage.

A partial list of companies who might offer these money-saving discounts may include but are not limited to:

Check with all companies you are considering which discounts they offer. Some discounts may not apply in every state.

Complexity of Mazda MX-5 Miata insurance rates

An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for insurance. When you know what positively or negatively impacts premium levels enables informed choices that will entitle you to better insurance rates.

The list below includes some of the items insurance companies consider when setting prices.

  • No coverage gaps is important – Allowing your coverage to lapse is a sure-fire way to trigger a rate increase. And not only will insurance be more expensive, failure to provide proof of insurance will get you a steep fine or even jail time.
  • Your age impacts your rates – Older insureds tend to be more responsible, tend to cause fewer accidents and get fewer tickets. Young drivers have a tendency to be more careless when behind the wheel and because of this, their insurance rates are much higher.
  • Cautious drivers pay less – Whether or not you get tickets has a big impact on rates. Only having one moving violation can bump up the cost forty percent or more. Drivers who don’t get tickets get better rates than bad drivers. Drivers with serious tickets like DUI or reckless driving are required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
  • High crash test scores lower rates – Safer cars get lower rates. Safer cars reduce injuries and lower injury rates means less money paid by your insurance company and more competitive rates for policyholders. If the Mazda MX-5 Miata is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Clean credit earns discounts – Your credit rating is a large factor in calculating your insurance rates. People with high credit scores tend to be more responsible than drivers with poor credit. If your credit score can use some improvement, you could be paying less to insure your 1990 Mazda MX-5 Miata by repairing your credit.
  • Discounts for married couples – Having a wife or husband helps lower the price on your policy. Having a significant other usually means you are more responsible it has been statistically shown that married drivers get in fewer accidents.

Your personal situation dictates your coverage

When it comes to buying the right insurance coverage for your personal vehicles, there really is no cookie cutter policy. Each situation is unique so this has to be addressed. For example, these questions may help highlight if your situation might need professional guidance.

  • What can I do if my company won’t pay a claim?
  • What is covered by UM/UIM coverage?
  • Does having multiple vehicles earn me a discount?
  • Do I need motorclub coverage?
  • When would I need additional glass coverage?
  • What are the financial responsibility laws in my state?
  • What is medical payments coverage?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, free and may give you better protection.

Don’t believe everything you hear

Consumers constantly see and hear ads for the lowest price auto insurance from companies such as Allstate, Geico and Progressive. All the companies say the same thing about savings after switching your policy.

How can each company claim to save you money? It’s all in the numbers.

Insurance companies are able to cherry pick for the driver that earns them a profit. A good example of a preferred risk might be profiled as between the ages of 30 and 50, is a homeowner, and drives less than 7,500 miles a year. Any new insured that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to save quite a bit of money when switching.

Potential customers who fall outside this ideal profile will be quoted higher rates which leads to the customer not buying. The ad wording is “drivers who switch” not “everybody who quotes” save that much. This is how companies can truthfully advertise the savings.

This emphasizes why drivers must get as many comparisons as possible. Because you never know which insurance companies will provide you with the cheapest Mazda MX-5 Miata insurance rates.

Coverages available on your policy

Understanding the coverages of a insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, 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. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for things like rehabilitation expenses, surgery and chiropractic care. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision insurance

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

Collision coverage protects against things like colliding with a tree, sustaining damage from a pot hole, hitting a mailbox and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive auto coverage

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

Comprehensive coverage pays for claims such as vandalism, falling objects and a broken windshield. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Auto liability insurance

Liability insurance can cover damages or injuries you inflict on a person or their property that is your fault. It protects you against other people’s claims. It does not cover 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 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as medical expenses, emergency aid, bail bonds and court costs. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Quote more. Save more.

Lower-priced 1990 Mazda MX-5 Miata insurance can be bought from both online companies and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who do not offer online quoting and many times these smaller companies only sell through independent insurance agents.

We just showed you a lot of information how to compare insurance prices online. The key thing to remember is the more providers you compare, the higher the chance of saving money. Consumers may even find the biggest savings come from a small local company. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

For more information, take a look at the resources below: