Lower Your 2009 Mazda MX-5 Miata Insurance Cost

Want the cheapest insurance coverage rates for your Mazda MX-5 Miata? Comparison shopping for insurance coverage can be challenging for consumers new to comparing rates online. People have so many options available that it can easily become a challenge to find the best price.

It is always a good idea to check insurance coverage prices periodically because insurance rates trend upward over time. Even if you got the best price for MX-5 Miata coverage a year ago you will most likely find a better rate today. Forget anything you know (or think you know) about insurance coverage because you’re about to find out the best methods to buy cheaper insurance coverage.

Parts of the Mazda MX-5 Miata rate equation

It’s important that you understand the factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that will entitle you to better auto insurance rates.

Listed below are a partial list of the pieces used by your company to calculate prices.

  • Your age impacts your rates – Older drivers are more cautious drivers, tend to file fewer claims and receive fewer citations. Youthful drivers are known to be careless and easily distracted behind the wheel therefore auto insurance rates are much higher.
  • Are you male or female? – Statistics have proven women are more cautious behind the wheel. However, don’t assume that women are better drivers. Men and women are in accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations such as DWI and reckless driving.
  • Your location affects your rates – Choosing to live in less populated areas can be a good thing when buying auto insurance. Less people living in that area means reduced accidents and also fewer theft and vandalism claims. Drivers in populated areas tend to have much more traffic to deal with and longer commute times. Longer commute distances can result in more accidents.
  • Pleasure use or commuting – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. Almost all companies price each vehicle’s coverage based upon how you use the vehicle. Cars and trucks not used for work or commuting can get a lower rate compared to those used for work or business. Ask your agent if your auto insurance declarations sheet shows the correct usage for each vehicle, because it can save money. Incorrect usage on your MX-5 Miata may be costing you.

Cut your premium with discounts

Companies offering auto insurance don’t always advertise every available discount in an easy-to-find place, so here is a list some of the best known and the more hidden car insurance savings.

  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • Federal Employees – Active or retired federal employment could cut as much as 10% off for MX-5 Miata coverage with certain companies.
  • Military Discounts – Being on active duty in the military can result in better rates.
  • Senior Citizens – Older drivers may be able to get reduced rates for MX-5 Miata coverage.
  • Use Seat Belts – Requiring all passengers to buckle their seat belts could cut 10% or more off your medical payments premium.
  • Paperless Signup – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application digitally online.
  • Homeowners Pay Less – Owning a home can save you money because maintaining a house is proof that your finances are in order.
  • Claim Free – Good drivers with no accidents pay less when compared with bad drivers.

A little note about advertised discounts, many deductions do not apply to your bottom line cost. A few only apply to individual premiums such as liability and collision coverage. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way.

Companies that may have these benefits include:

It’s a good idea to ask each insurance company what discounts are available to you. All car insurance discounts may not be available everywhere.

Slick advertising tricks that work

Progressive, Allstate and Geico regularly use television and radio advertisements. All the companies make the same claim about savings if you move your coverage to them. But how can every company make almost identical claims? It’s all in the numbers.

Different companies have a preferred profile for the type of driver that earns them a profit. For example, a profitable customer could possibly be between the ages of 30 and 50, owns a home, and has a high credit rating. A propective insured who meets those qualifications will get very good rates and is almost guaranteed to cut their rates substantially.

Consumers who fall outside this ideal profile will be quoted higher rates and this can result in the customer not buying. The ads say “drivers who switch” not “people who quote” save that much money. That is how insurance companies can confidently state the savings. This emphasizes why it is so important to get quotes from several different companies. It is impossible to predict which insurance coverage company will provide you with the cheapest Mazda MX-5 Miata insurance rates.

What is the best insurance coverage?

When buying proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different.

These are some specific questions can help discover whether your personal situation would benefit from an agent’s advice.

  • Am I getting all the discounts available?
  • Can my teen drive my company car?
  • Do I benefit by insuring my home with the same company?
  • Does my insurance cover my expensive audio equipment?
  • Why do I only qualify for high-risk insurance?
  • Is a blown tire covered by insurance?
  • Am I covered if I hit my neighbor’s mailbox?
  • What are the best liability limits?

If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form.

Learn about car insurance coverages for a 2009 Mazda MX-5 Miata

Knowing the specifics of a car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Liability auto insurance

Liability insurance provides protection from injuries or damage you cause to other people or property in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for claims such as structural damage, medical services, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Comprehensive insurance

This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as fire damage, damage from a tornado or hurricane, vandalism, hail damage and hitting a bird. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage

Collision insurance will pay to fix damage to your MX-5 Miata resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like crashing into a ditch, sustaining damage from a pot hole, scraping a guard rail and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like doctor visits, chiropractic care, nursing services, prosthetic devices and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Take this to the bank

We’ve covered a lot of information how to get a better price on 2009 Mazda MX-5 Miata insurance. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may even discover the lowest priced car insurance comes from some of the lesser-known companies.

When trying to cut insurance costs, don’t be tempted to buy poor coverage just to save money. Too many times, someone dropped physical damage coverage to discover at claim time that the savings was not a smart move. Your goal should be to buy a smart amount of coverage for the lowest price.

Insureds change insurance companies for any number of reasons including policy non-renewal, delays in paying claims, being labeled a high risk driver and even poor customer service. Regardless of your reason, switching companies is pretty simple and you could end up saving a buck or two.

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