Save on 1996 Mazda MX-5 Miata Insurance Rates

Want cheaper auto insurance rates for your Mazda MX-5 Miata? Nobody enjoys paying for auto insurance, especially when their premiums are too high.

Online insurance companies like Allstate, Progressive and Geico promote their brand names with advertising and it is difficult to ignore the promise of big savings and find the best price available.

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this strategy. Choosing the best insurance company for you is not that difficult. Nevertheless, vehicle owners should learn how the larger insurance companies sell insurance online and apply this information to your search.

Discounts are available to cut your rates

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not know about. Some trigger automatically when you purchase, but a few must be manually applied prior to receiving the credit.

  • Pay Now and Pay Less – If you pay your bill all at once instead of making monthly payments you could save 5% or more.
  • No Claims – Drivers with accident-free driving histories pay less when compared with accident-prone drivers.
  • Life Insurance – Some companies give better rates if you take out auto and life insurance together.
  • Early Switch Discount – Select companies give a discount for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
  • Federal Employees – Employees or retirees of the government can save as much as 8% on MX-5 Miata insurance with certain companies.
  • Homeowners Savings – Owning a house may trigger a car insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
  • Club Memberships – Belonging to a qualifying organization may earn a discount on car insurance on MX-5 Miata insurance.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on MX-5 Miata insurance than less cautious drivers.

It’s important to note that most discounts do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will cut your premiums.

Car insurance companies that possibly offer these discounts may include but are not limited to:

Before buying, ask each company which discounts they offer. All car insurance discounts may not be available in your state.

Some factors that can determine what Mazda MX-5 Miata insurance costs

Consumers need to have an understanding of the rating factors that help determine your car insurance rates. Having a good understanding of what determines base rates allows you to make educated decisions that could result in lower car insurance prices.

  • High crash test scores lower rates – Cars with high safety ratings get lower rates. These vehicles result in less severe injuries and lower injury rates means less money paid by your insurance company and lower rates for you. If your Mazda MX-5 Miata is rated at least four stars on Safercar.gov you may qualify for a discount.
  • Where you reside plays a part – Living in a rural area can be a good thing when buying car insurance. Fewer people translates into fewer accidents as well as less vandalism and auto theft. Urban drivers tend to have much more traffic to deal with and longer commutes to work. Longer commute distances means higher likelihood of an accident.
  • Keep rates low by being claim-free – Auto insurance companies award cheaper rates to drivers who file claims infrequently. If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Insurance coverage is designed for major claims that would cause financial hardship.
  • Drive less and save money – The more miles you rack up on your Mazda in a year the higher your rate. Almost all companies apply a rate based upon how you use the vehicle. Autos not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. Ask your agent if your car insurance policy is showing how each vehicle is driven. If your policy improperly rates your MX-5 Miata may be wasting your money.

Everyone needs different coverages

When buying adequate coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that can aid in determining whether you could use an agent’s help.

  • Who is covered when they drive my 1996 Mazda MX-5 Miata?
  • How much can I save by bundling my policies?
  • How can I force my company to pay a claim?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered if I break a side mirror?
  • What exactly is covered by my policy?
  • Is a blown tire covered by insurance?

If you can’t answer these questions, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Are auto insurance companies telling the truth?

Auto insurance providers like State Farm, Allstate and Geico constantly bombard you with ads on TV and radio. They all say the same thing about savings if you switch to them. How can each company claim to save you money?

Different companies can use profiling for the type of driver they prefer to insure. An example of a preferred risk could possibly be between 25 and 40, has no prior claims, and has great credit. A customer who fits that profile will get very good rates and as a result will probably save a lot of money.

Potential insureds who don’t measure up to the requirements must pay higher prices which leads to business going elsewhere. Company advertisements say “people who switch” but not “drivers who get quotes” save money. That’s why insurance companies can confidently make the claims of big savings.

This illustrates why you should compare as many rates as you can. It’s impossible to know which company will fit your personal profile best.

Information about specific coverages

Understanding the coverages of your policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are the normal coverages found on the average auto insurance policy.

Comprehensive coverages

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like rock chips in glass, hitting a deer and fire damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for hospital visits, surgery, rehabilitation expenses and doctor visits. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability car insurance

This coverage can cover injuries or damage you cause to people or other property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Occasionally you may see a combined limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as repair bills for other people’s vehicles, attorney fees, emergency aid, funeral expenses and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision coverage protection

This covers damage to your MX-5 Miata caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like rolling your car, scraping a guard rail, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

More comparisons equals lower rates

As you go through the steps to switch your coverage, don’t be tempted to buy less coverage just to save a little money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits only to find out that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage at a price you can afford.

We just covered many tips how you can save on 1996 Mazda MX-5 Miata insurance. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. You may even find the most savings is with a small mutual company. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.

Low-cost insurance is definitely available online in addition to many insurance agents, so you should compare both to have the best selection. A few companies do not provide the ability to get a quote online and these small, regional companies work with independent agents.

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