Compare 2012 Mazda MX-5 Miata Insurance Rates

Searching for cheaper insurance coverage rates? Consumers have many options when looking for low-cost Mazda MX-5 Miata insurance. They can either waste time calling around trying to get quotes or utilize the internet to compare rates.

There is a better way to compare insurance coverage rates so you’re going to learn the proper way to quote coverages on a Mazda and obtain the best price possible from local insurance agents and online providers.

This information will teach you the most effective way to quote insurance. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these methods. Vehicle owners just need to know the tricks to shop their coverage around on the web.

Factors that can influence Mazda MX-5 Miata insurance rates

An important part of buying insurance is that you know the different types of things that help determine the rates you pay for insurance. When you know what positively or negatively influences your rates allows you to make educated decisions that can help you get much lower annual insurance costs.

The following are some of the items companies use to determine your rates.

  • Careful drivers pay lower rates – A bad driving record has a lot to do with how much you pay for insurance. Good drivers tend to pay less for car insurance than people who have multiple driving citations. Only having one moving violation can increase rates by twenty percent. If you have severe violations such as DWI, reckless driving or hit and run convictions may find they need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to drive a vehicle legally.
  • How your age affects price – Older drivers are more cautious drivers, tend to file fewer claims and tend to be better behind the wheel. Young drivers tend to be careless and easily distracted behind the wheel therefore insurance rates are much higher.
  • Liability coverage is cheap – The liability section of your policy is the protection when a court rules you are at fault for personal injury or accident damage. It will provide you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.
  • Pleasure use saves money – The more you drive in a year the more you will pay for insurance. Most companies apply a rate based on how the vehicle is used. Cars used primarily for pleasure use qualify for better rates compared to those used for work or business. Having the wrong rating on your MX-5 Miata can cost quite a bit. Double check that your insurance policy is showing the correct driver usage.
  • Where you live is a factor – Choosing to live in small towns and rural areas can save you money when insuring your vehicles. Fewer drivers translates into fewer accidents as well as less vandalism and auto theft. Drivers in populated areas regularly have traffic congestion and a longer drive to work. Higher commute times means higher likelihood of an accident.
  • Do you know your deductibles? – Physical damage deductibles represent how much money you are required to spend if you file a covered claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. A few examples of covered claims could be colliding with a building, damage caused by hail, and burglary. The more you have to pay, the less your company will charge you for insurance for MX-5 Miata coverage.
  • Do you qualify for a multi-policy discount? – Some insurance companies will give a discount to people who carry more than one policy. It’s known as a multi-policy discount. This can amount to 10 percent or more. If you currently are using one company, it’s in your best interest to shop around to verify if the discount is saving money. Drivers may still find a better deal by buying insurance from a different company.

Verify you’re getting all your discounts

Car insurance can cost a lot, but you can get discounts to help bring down the price. Some trigger automatically at the time you complete a quote, but some must be specially asked for before being credited. If you’re not getting every credit you deserve, you’re just leaving money on the table.

  • Good Student – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts until age 25.
  • 55 and Retired – If you qualify as a senior citizen, you may qualify for a small decrease in premiums for MX-5 Miata coverage.
  • Use Seat Belts – Requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • Accident Free – Drivers with accident-free driving histories can save substantially when compared with accident-prone drivers.
  • Payment Method – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Low Mileage – Keeping the miles down on your Mazda can earn a substantially lower rate.
  • Auto/Life Discount – Some companies give a discount if you purchase a life insurance policy as well.
  • Passive Restraints – Vehicles with factory air bags or automatic seat belts can get savings of 20% or more.
  • Bundle and Save – If you have multiple policies with the same company you will save at least 10% off all policies.
  • Early Signing – Select companies give a discount for buying a policy before your current policy expires. This can save 10% or more.

Keep in mind that most discount credits are not given the the whole policy. A few only apply to the cost of specific coverages such as comp or med pay. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any qualifying discounts will bring down the cost of coverage.

For a list of insurance companies with the best auto insurance discounts, follow this link.

When should I talk to an agent?

When choosing adequate coverage, there is no single plan that fits everyone. Every situation is different.

Here are some questions about coverages that may help you determine if your insurance needs might need professional guidance.

  • Does insurance cover tools stolen from my truck?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • When do I need to add a new car to my policy?
  • Can I afford to buy a different vehicle if my 2012 Mazda MX-5 Miata is totaled?
  • Am I covered when driving in Canada or Mexico?
  • Am I covered if I drive in a foreign country?
  • Is my dog or cat covered if injured in an accident?
  • When should I buy a commercial auto policy?
  • Can I rate high risk drivers on liability-only vehicles?

If you’re not sure about those questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and may give you better protection.

Insurance coverage specifics

Knowing the specifics of a insurance policy can be of help when determining the best coverages for your vehicles. Insurance terms can be confusing and coverage can change by endorsement.

Collision protection

This coverage pays for damage to your MX-5 Miata caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like driving through your garage door, rolling your car, sustaining damage from a pot hole, colliding with a tree and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like dental work, hospital visits, pain medications, chiropractic care and funeral costs. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto liability

This will cover damage or injury you incur to other people or property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like structural damage, attorney fees, repair bills for other people’s vehicles, repair costs for stationary objects and medical services. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Comprehensive or Other Than Collision

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from flooding, vandalism, a tree branch falling on your vehicle, damage from a tornado or hurricane and hitting a deer. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

UM/UIM Coverage

This coverage provides protection when the “other guys” 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 many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits do not exceed the liability coverage limits.

Shop smart and save

Throughout this article, we presented some good ideas how you can shop for 2012 Mazda MX-5 Miata insurance online. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. You may be surprised to find that the best prices are with a lesser-known regional company.

Cheaper insurance can be sourced on the web and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who do not offer the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.

When shopping online for car insurance, you should never buy less coverage just to save a little money. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible at a price you can afford while still protecting your assets.

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