2004 Mazda MX-5 Miata Insurance Cost

Looking for lower auto insurance rates for your Mazda MX-5 Miata? Are you a victim of high-priced auto insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out. Drivers have multiple car insurance companies to pick from, and though it is a good thing to have a choice, so many choices can make it hard to find the best rates for your vehicles.

It’s a good habit to shop coverage around at least once a year due to the fact that insurance rates are variable and change quite frequently. Even if you got the best deal on MX-5 Miata insurance a year ago other companies may now be cheaper. Starting right now, block out anything you think you know about auto insurance because you’re going to learn the things you must know in order to reduce your cost while increasing coverage.

Finding Insurance

There are multiple methods to compare 2004 Mazda MX-5 Miata insurance prices but some are more efficient than others. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you can stay home and use the internet to get rate comparisons in just a few minutes.

Most of the larger companies belong to a marketplace that allows shoppers to only type in their quote data once, and each company can provide price quotes based on that data. This prevents consumers from doing quotation requests to every company.

To use this form to compare 2004 Mazda MX-5 Miata insurance rates click to open in new window.

The only downside to using this type of form is that consumers can’t choose which carriers you want pricing from. So if you prefer to pick specific insurance companies for rate comparison, we have assembled a list of the cheapest insurance companies in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but make absolute certain that you use exactly the same coverages for every company. If you use different liability limits it will be very difficult to make a fair comparison for your Mazda MX-5 Miata.

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 to cut the cost considerably. Certain discounts will be triggered automatically when you complete an application, but less common discounts must be specifically requested before being credited. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.

  • Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% on MX-5 Miata insurance with select insurance companies.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of more than 20%.
  • Early Signing – Some insurance companies reward drivers for switching to them prior to your current policy expiring. This can save 10% or more.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to wear their seat belts can save 10% or more off your PIP or medical payments premium.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Safe Drivers – Safe drivers can get discounts for up to 45% lower rates on MX-5 Miata insurance than less cautious drivers.
  • E-sign – A handful of insurance companies will give a small break for buying a policy and signing up digitally online.
  • Homeowners Pay Less – Simply owning a home may trigger a car insurance policy discount due to the fact that maintaining a home requires personal responsibility.
  • Student in College – Kids in college living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Accident Waiver – A handful of insurance companies will forgive one accident before your rates go up as long as you don’t have any claims for a set time period.

Drivers should understand that some of the credits will not apply the the whole policy. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck. But any discount will reduce the amount you have to pay.

For a list of companies with the best car insurance discounts, click this link.

Everyone needs different coverages

When it comes to buying coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions can aid in determining whether or not you might need professional guidance.

  • Does my insurance cover my expensive audio equipment?
  • Do I need higher collision deductibles?
  • How much can I save by bundling my policies?
  • Is a fancy paint job covered?
  • When can I cancel my policy?
  • Can my babysitter drive my car?
  • Do I pay less if my vehicle is kept in my garage?
  • How do I insure my teen driver?
  • Do I need PIP coverage since I have good health insurance?
  • What if I don’t agree with a claim settlement offer?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

These factors can influence what you pay for Mazda MX-5 Miata insurance

An important part of buying insurance is that you know the rating factors that help determine your car insurance rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that will entitle you to big savings.

The following are a partial list of the pieces used by your company to calculate prices.

  • Bundling policies can get discounts – Most insurance companies will give a discount to people who have multiple policies with them in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare rates to confirm you are receiving the best rates possible. You may still be able to find a better deal by buying insurance from more than one company.
  • Having a spouse can save you money – Getting married can get you a discount when buying car insurance. Having a significant other usually means you are more mature than a single person and statistics show married drivers get in fewer accidents.
  • Adjust deductibles and save – Deductibles for physical damage represent how much money you are willing to pay in the event of a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered would be colliding with a building, collision with an animal, or theft. The higher the amount the insured has to pay upfront, the bigger discount you will receive on MX-5 Miata insurance.
  • Rate your vehicle for proper use – Driving more miles each year the higher your rate. Almost all companies apply a rate based on how the vehicle is used. Autos not used for work or commuting can get a lower rate as compared to vehicles used primarily for driving to work. Ask your agent if your car insurance coverage properly reflects the proper vehicle usage, because it can save money. If your policy improperly rates your MX-5 Miata may be wasting your money.
  • Special features that cut premiums – Purchasing a vehicle with a theft deterrent system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your car from being stolen.

Educate yourself about insurance coverages

Understanding the coverages of your insurance policy helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on the average insurance policy.

Uninsured or underinsured coverage – This provides protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your 2004 Mazda MX-5 Miata.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Collision coverage – Collision insurance pays for damage to your MX-5 Miata caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as sustaining damage from a pot hole, crashing into a building, damaging your car on a curb and rolling your car. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for expenses for EMT expenses, rehabilitation expenses, doctor visits, chiropractic care and funeral costs. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Auto liability – Liability coverage can cover damage or injury you incur to a person or their property that is your fault. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like attorney fees, medical expenses, emergency aid and pain and suffering. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Comprehensive protection – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hitting a bird, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Cheaper insurance is a realistic goal

Cheap 2004 Mazda MX-5 Miata insurance can be purchased both online as well as from independent agents, and you should be comparing both in order to have the best price selection to choose from. There are still a few companies who don’t offer the ability to get a quote online and these regional insurance providers work with independent agents.

In this article, we presented some good ideas how to reduce insurance prices online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. You may even find the lowest rates come from the least-expected company. They may often insure only within specific states and give getter rates compared to the large companies like Allstate or State Farm.

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