2008 Mazda MX-5 Miata Insurance Quotes

Feel like you’re a prisoner to an overpriced insurance coverage policy? Believe me when I say many consumers feel financially strained by their insurance coverage policy.

Many car insurance companies vie to insure your vehicles, so it can be very hard to choose a company and uncover the absolute best price available.

Finding Insurance Coverage

Comparing insurance coverage rates can be exhausting if you don’t utilize the most efficient way to do it. You can waste a lot of time driving to local insurance agents in your area, or you can stay home and use the internet to get the quickest rates.

Many insurance companies participate in a marketplace where prospective buyers submit one quote, and each company returns a competitive quote based on that information. This system prevents you from having to do quote forms to each individual insurance coverage company. To get comparison pricing now click here (opens in new window).

The one disadvantage to using this type of form is you cannot specify which insurance companies to receive prices from. If you wish to select specific insurance companies to request quotes from, we have a listing of low cost insurance coverage companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make absolute certain that you use identical coverage information on every quote. If you use different deductibles you can’t possibly determine the lowest rate for your Mazda MX-5 Miata. Quoting even small variations in coverage limits may cause a big price difference. And when comparing insurance coverage rates, know that more quotes will enable you to find the best price.

Don’t miss out on these money-saving discounts

Insurance can cost an arm and a leg, buy you may qualify for discounts to help bring down the price. Most are applied at the time you complete a quote, but some may not be applied and must be inquired about prior to receiving the credit.

  • Good Student Discount – This discount can save 20 to 25%. This discount can apply well after school through age 25.
  • Save over 55 – Mature drivers may be able to get better insurance rates for MX-5 Miata coverage.
  • Homeowners Pay Less – Being a homeowner may trigger a insurance policy discount because maintaining a house shows financial diligence.
  • Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Use Seat Belts – Requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you will save 10% to 20% off each policy.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Sign Online – Certain companies give back up to $50 simply for signing over the internet.
  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy life insurance.
  • College Student – Any of your kids living away from home attending college and do not have a car may be able to be covered for less.

Drivers should understand that some of the credits will not apply to the entire policy premium. The majority will only reduce individual premiums such as liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any qualifying discounts will cut the cost of coverage.

Insurance companies that may offer these discounts may include but are not limited to:

It’s a good idea to ask each insurance company how you can save money. Discounts might not apply in every state.

Do I need special coverages?

When it comes to choosing the best insurance coverage for your personal vehicles, there is no single plan that fits everyone. Every situation is different and your policy should reflect that. For example, these questions can aid in determining whether you will benefit from professional help.

  • Why am I required to buy liability insurance?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Do I need rental car coverage?
  • Does liability extend to a camper or trailer?
  • What is no-fault insurance?
  • Should I buy full coverage?
  • What is an SR-22 filing?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Insurance policy coverages for a Mazda MX-5 Miata

Having a good grasp of a insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types found on most insurance policies.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2008 Mazda MX-5 Miata.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability insurance

This protects you from damage or injury you incur to a person or their property. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like repair bills for other people’s vehicles, funeral expenses, repair costs for stationary objects and court costs. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Insurance for medical payments

Med pay and PIP coverage kick in for short-term medical expenses such as X-ray expenses, chiropractic care, EMT expenses and pain medications. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverage protection

Collision insurance covers damage to your MX-5 Miata from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a ditch, hitting a mailbox, sideswiping another vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from a tornado or hurricane, a tree branch falling on your vehicle, hail damage, falling objects and a broken windshield. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.