Save on 2010 Mazda MX-5 Miata Car Insurance Rates

Searching for better insurance prices for a new or used Mazda MX-5 Miata can normally be difficult, but you can follow the following methods to make it easier.

There is a right way and a wrong way to shop for car insurance so we’re going to tell you the quickest way to get price quotes on a Mazda and locate the cheapest rates.

Buying the lowest cost auto insurance coverage is quite easy. If you have a current auto insurance policy or need a new policy, you can learn to find the best rates while maintaining coverages. Drivers only need an understanding of the most efficient way to shop online.

Pieces of the Mazda MX-5 Miata insurance rate puzzle

Consumers need to have an understanding of the rating factors that help determine auto insurance rates. Knowing what impacts premium levels helps enable you to make changes that will entitle you to better auto insurance rates.

  • Rates may be higher depending on your occupation – Careers like judges, executives and financial analysts have higher average rates due to high stress and long work days. Conversely, jobs such as scientists, engineers and the unemployed get better rates for MX-5 Miata insurance.
  • Careful drivers pay lower rates – A bad driving record impacts your car insurance rates tremendously. Good drivers tend to pay less for car insurance than their less careful counterparts. Even one citation can increase rates forty percent or more. If you have dangerous violations like DWI, reckless driving or hit and run convictions may find they need to file a SR-22 with their state motor vehicle department in order to prevent a license revocation.
  • The more you drive the more you pay – The more you drive in a year the more you will pay for auto insurance. Most insurance companies rate vehicles determined by how the vehicle is used. Cars and trucks that are left in the garage qualify for better rates compared to those used for work or business. If your policy improperly rates your MX-5 Miata can result in significantly higher rates. Verify your auto insurance policy is rated on the correct driver usage.
  • Lower rates with optional equipment – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Poor credit can mean higher rates – Your credit score is a big factor in determining your rates. Therefore, if your credit history is lower than you’d like, you could potentially save money when insuring your 2010 Mazda MX-5 Miata by improving your credit score. Drivers who have good credit tend to be better drivers and file fewer claims than drivers who have poor credit.
  • Low deductibles can be expensive – The deductibles define the amount you are required to spend out-of-pocket in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered could be running into the backend of another car, vandalism, and burglary. The higher the amount the insured has to pay upfront, the less your auto insurance will be for MX-5 Miata insurance.
  • Males pay more for insurance – The statistics show that women are safer drivers than men. However, this does not mean women are better drivers. Men and women cause accidents in similar numbers, but the men have costlier accidents. Men also statistically get cited for more serious violations like DUI and reckless driving. Teenage male drivers are the most expensive to insure and are penalized with high auto insurance rates.
  • Lower rates come with age – Mature drivers are more cautious drivers, tend to file fewer claims and get fewer tickets. Youthful drivers are known to be more careless in a vehicle and because of this, their auto insurance rates are much higher.

Comprehensive Insurance Coverage Comparison

Reducing your 2010 Mazda MX-5 Miata insurance rates doesn’t have to be difficult. The only thing you need to do is invest a few minutes comparing rates online from several insurance companies. This is very easy and can be done using a couple different methods.

  1. The single most time-saving way to find the lowest comparison rates is to use a rate comparison form click here to open form in new window. This form saves time by eliminating separate forms for each company. A single, simple form will return quotes from insurance coverage companies with the best prices. It’s the fastest way to compare.
  2. A different way to shop for insurance coverage online requires a trip to the website for every company you want to comare to request a price quote. For example, we’ll assume you want to compare rates from Auto-Owners, Farmers and Geico. To get rate quotes you would need to visit each site to enter your coverage information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

It’s up to you which method you use, but be sure to compare exactly the same coverage limits for every quote you compare. If you use unequal deductibles or liability limits it will be very difficult to decipher which rate is best.

Are auto insurance companies telling the truth?

Drivers get pounded daily by advertisements for cheaper car insurance from the likes of Progressive, Geico, Allstate and State Farm. All the companies have a common claim about savings after switching your coverage to them.

But how can every company say the same thing? This is how they do it.

All the different companies can use profiling for the type of driver that is profitable for them. For example, a desirable insured could possibly be between the ages of 30 and 50, insures multiple vehicles, and drives less than 7,500 miles a year. A driver who matches those parameters receives the best rates and therefore will save quite a bit of money when switching.

Potential customers who don’t meet these standards will be quoted more money which leads to business not being written. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that kind of money. This is how companies can truthfully make the claims of big savings.

This emphasizes why drivers must get quotes from several different companies. It is impossible to predict the company that will provide you with the cheapest Mazda MX-5 Miata insurance rates.

Do you qualify for discounts?

The cost of insuring your cars can be expensive, but you may find discounts that can drop the cost substantially. A few discounts will automatically apply at quote time, but lesser-known reductions have to be asked about prior to getting the savings. If you’re not getting every credit available, you are throwing money away.

  • Employee of Federal Government – Employees or retirees of the government can save as much as 8% for MX-5 Miata insurance with select insurance companies.
  • Safe Driver Discount – Insureds without accidents may receive a discount up to 45% less for MX-5 Miata insurance than their less cautious counterparts.
  • Paperwork-free – Some insurance companies may give you up to $50 simply for signing digitally online.
  • Accident Waiver – A handful of insurance companies will forgive one accident before raising your premiums if your claims history is clear for a certain period of time.
  • 55 and Retired – If you’re over the age of 55, you may be able to get a discount up to 10% for MX-5 Miata insurance.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.

It’s important to note that many deductions do not apply to the entire cost. Most only reduce individual premiums such as collision or personal injury protection. So when the math indicates all the discounts add up to a free policy, insurance coverage companies aren’t that generous. But all discounts will bring down your overall premium however.

A partial list of companies that possibly offer these discounts may include but are not limited to:

Check with each insurance company how you can save money. All car insurance discounts may not apply in your state.

Don’t assume everyone needs the same coverage

When choosing coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different.

Here are some questions about coverages that may help you determine if you may require specific advice.

  • Exactly who is provided coverage by my policy?
  • Should I sign the liability waiver when renting a car?
  • Who is covered when they drive my 2010 Mazda MX-5 Miata?
  • Will my insurance pay for OEM parts?
  • Why does it cost so much to insure a teen driver?
  • What is no-fault insurance?
  • Do I have coverage when making deliveries for my home business?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

Specific coverages for a 2010 Mazda MX-5 Miata

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Liability coverage

Liability insurance can cover damage that occurs to people or other property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like repair bills for other people’s vehicles, bail bonds and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision coverage

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like damaging your car on a curb, rolling your car and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mazda MX-5 Miata.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills such as nursing services, EMT expenses and funeral costs. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Comprehensive coverages

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like theft, damage from getting keyed, fire damage, damage from flooding and a broken windshield. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

You can do this!

Cost effective 2010 Mazda MX-5 Miata insurance is attainable on the web in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

In this article, we covered quite a bit of information on how to lower your insurance rates. The key concept to understand is the more you quote, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with some of the lesser-known companies.

Consumers who switch companies do it for a number of reasons such as poor customer service, not issuing a premium refund, being labeled a high risk driver or unfair underwriting practices. No matter why you want to switch, finding the right car insurance provider can be easy and end up saving you some money.

Additional car insurance information can be read on the following sites: