Lower Your 2007 Mazda MX-5 Miata Insurance Rates

Finding the cheapest insurance for your Mazda MX-5 Miata could be an all-consuming task, but you can learn our auto insurance buying tips to find lower rates. There are both good and bad ways to shop for auto insurance and we’ll show you the absolute fastest way to price shop coverage for your Mazda and find the best price possible either online or from local insurance agents.

Consumers should take time to take a look at other company’s rates at least once a year because prices are constantly changing. Just because you found the lowest rates on MX-5 Miata insurance a few years ago a different company probably has better rates today. So just forget anything you know (or think you know) about auto insurance because you’re going to get a crash course in the easiest way to remove unneeded coverages and save money.

Finding affordable coverage is not rocket science. If you have insurance now or need a new policy, you can follow these tips to get lower rates while maintaining coverages. Drivers only need an understanding of the most effective way to compare prices over the internet.

Policy discounts you shouldn’t miss

Companies don’t necessarily list every available discount very clearly, so we break down some of the best known and also the lesser-known ways to save on auto insurance. If you’re not getting every credit available, you are paying more than you should be.

  • Sign Early and Save – A few companies offer discounts for switching to them before your current policy expires. It can save you around 10%.
  • Paperwork-free – Certain companies give back up to $50 for buying your policy on their website.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% on MX-5 Miata insurance depending on your company.
  • Payment Discounts – If you pay your bill all at once instead of paying each month you may reduce your total bill.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Low Mileage – Keeping the miles down on your Mazda could qualify for discounted rates on garaged vehicles.
  • Distant Student – Children who are attending college and do not have a car may be able to be covered for less.
  • Own a Home – Owning a home may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
  • Senior Discount – If you qualify as a senior citizen, you may receive reduced rates on MX-5 Miata insurance.
  • Auto/Home Discount – When you combine your home and auto insurance with one insurance company you may earn at least 10% off all policies.

A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, it doesn’t quite work that way.

Car insurance companies that possibly offer these money-saving discounts include:

Check with every prospective company which discounts you may be entitled to. Discounts might not be offered in every state.

Compare the Market for Insurance Coverage

Comparing insurance coverage rates can take hours if you don’t know the fastest way to get free quotes. You can waste hours talking to local insurance agents in your area, or you could use online quoting to maximize your effort.

Many popular insurance companies belong to a marketplace where prospective buyers submit one quote, and each participating company returns a rated price determined by their information. This eliminates the need for quote requests for each company you want a rate for. To compare 2007 Mazda MX-5 Miata rates using this form now click here (opens in new window).

The one disadvantage to using this type of system is you cannot specify which carriers to get quotes from. So if you want to select from a list of companies to compare prices, we put together a list of the cheapest insurance coverage companies in your area. Click to view list.

However you get your quotes, ensure you’re using the exact same coverage information for every quote you compare. If you have different values for each quote then you won’t be able to determine which rate is truly the best.

Insurance agents can help

When it comes to choosing adequate coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique.

Here are some questions about coverages that can help discover whether or not you would benefit from professional advice.

  • What if I owe more than I can insure my car for?
  • Does car insurance cover theft of personal property?
  • Are rental cars covered under my policy?
  • Can I rent a car in Mexico?
  • Am I covered if I wreck a rental car?
  • Will my rates increase for filing one claim?
  • Do I really need UM/UIM coverage?
  • If my 2007 Mazda MX-5 Miata is totaled, can I afford another vehicle?
  • Can my teen driver be rated on a liability-only vehicle?
  • How much can I save by bundling my policies?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can help protect your family.

Auto insurance 101

Having a good grasp of your policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Coverage for collisions

This will pay to fix damage to your MX-5 Miata resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as scraping a guard rail, rolling your car, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Coverage for liability

This protects you from injuries or damage you cause to other’s property or people in an accident. It protects you against claims from other people, and 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. You commonly see liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against claims such as repair costs for stationary objects, medical services, medical expenses, court costs and funeral expenses. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Mazda MX-5 Miata.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like fire damage, falling objects and hitting a deer. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like X-ray expenses, pain medications and doctor visits. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

In the end, you save

When shopping online for car insurance, make sure you don’t reduce coverage to reduce premium. There are a lot of situations where an insured cut uninsured motorist or liability limits only to regret at claim time that the small savings ended up costing them much more. The aim is to purchase plenty of coverage for the lowest price while still protecting your assets.

Drivers switch companies for any number of reasons including being labeled a high risk driver, lack of trust in their agent, an unsatisfactory settlement offer and even denial of a claim. Regardless of your reason for switching companies, finding a new company is pretty easy and you might even save some money in the process.

We just showed you many ways to save on 2007 Mazda MX-5 Miata insurance. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding lower rates. Consumers may even find the lowest rates come from an unexpected company.

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