1993 Mazda MX-5 Miata Insurance Quotes – 7 Savings Tips

Trying to find cheaper insurance rates? Buyers have a choice when searching for low-cost Mazda MX-5 Miata insurance. They can either waste time struggling with agents to get rate comparisons or use the internet to compare rates. There is a right way and a wrong way to shop for insurance so we’re going to tell you the best way to quote coverages on a Mazda and find the best price possible.

How to Get Car Insurance Comparison Quotes

There are a lot of ways to shop for car insurance, but there is one way that is less time-consuming than others. You can spend your afternoon talking to insurance agencies in your area, or you can utilize online quotes to get rate comparisons in just a few minutes.

All the larger companies participate in a marketplace that allows shoppers to enter their policy data once, and every company can give them a price. This saves time by eliminating repetitive form submissions to every company.

To access this free quoting program, click to open in new window.

The single downside to using this type of system is you are unable to specify which carriers to get pricing from. If you wish to select specific insurance companies to request quotes from, we have a listing of low cost car insurance companies in your area. View list of insurance companies.

Whichever method you choose, make darn sure you compare exactly the same coverage information on every quote you get. If the quotes have higher or lower deductibles you can’t possibly make a fair comparison for your Mazda MX-5 Miata.

Is there deception in advertising?

Consumers get pounded daily by advertisements for car insurance savings by companies like Allstate and Progressive. All the ads have a common claim that you can save if you switch to them.

How can each company make the same claim?

Different companies can use profiling for the right customer that earns them a profit. For example, a preferred risk might be between 25 and 40, owns a home, and has a short commute. A customer getting a price quote that hits that “sweet spot” will get very good rates and therefore will cut their rates substantially.

Drivers who don’t measure up to these standards will be charged higher prices and ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “people who quote” save that much money. That’s the way companies can state the savings. That is why drivers should get as many comparisons as possible. It’s impossible to know which insurance company will provide you with the cheapest Mazda MX-5 Miata insurance rates.

Discounts are great for lower rates

Companies that sell car insurance do not list all available discounts in a way that’s easy to find, so here is a list both the well known and also the lesser-known discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
  • Anti-theft Discount – Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • 55 and Retired – If you qualify as a senior citizen, you may be able to get reduced rates on MX-5 Miata insurance.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
  • No Accidents – Good drivers with no accidents can earn big discounts compared to accident-prone drivers.
  • Accident Waiver – Some insurance companies will forgive one accident before your rates go up if your claims history is clear for a certain period of time.
  • Low Mileage Discounts – Low mileage vehicles can qualify you for discounted rates on garaged vehicles.

It’s important to understand that most credits do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like comp or med pay. So even though it sounds like all the discounts add up to a free policy, it just doesn’t work that way.

Companies that may offer these benefits include:

Before buying, ask all companies you are considering what discounts are available to you. Discounts may not apply in every state.

You may need specialized coverage

When it comes to buying adequate coverage for your personal vehicles, there is no one size fits all plan. Every situation is different.

For example, these questions might point out if you could use an agent’s help.

  • Am I better off with higher deductibles on my 1993 Mazda MX-5 Miata?
  • I have good health insurance, so how much medical payments coverage do I need?
  • How much underlying liability do I need for an umbrella policy?
  • When should I remove comp and collision on my 1993 Mazda MX-5 Miata?
  • How much liability coverage do I need in my state?
  • Will filing a claim cost me more?
  • Is my teenager covered with friends in the car?
  • Do I pay less for low miles?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverages

Understanding the coverages of a car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Comprehensive coverage (or Other than Collision)

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as falling objects, hitting a deer and hail damage. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for rehabilitation expenses, ambulance fees, surgery, pain medications and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to 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 an option in every state and gives slightly broader coverage than med pay

Liability auto insurance

This provides protection from damage or injury you incur to people or other property in an accident. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

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

Liability insurance covers claims like court costs, repair costs for stationary objects, attorney fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 1993 Mazda MX-5 Miata.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Collision protection

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 then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a building, backing into a parked car, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

A penny earned…

In this article, we presented many tips how you can reduce 1993 Mazda MX-5 Miata insurance prices online. The key concept to understand is the more providers you compare, the better likelihood of reducing your rate. You may even find the best prices are with some of the smallest insurance companies.

When shopping online for insurance, you should never skimp on critical coverages to save a buck or two. In many instances, drivers have reduced full coverage and learned later that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage at the best price while still protecting your assets.

Insureds who switch companies do it for a variety of reasons including delays in paying claims, poor customer service, policy non-renewal or even denial of a claim. It doesn’t matter what your reason, switching companies is pretty simple and you could end up saving a buck or two.

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