Lower Your 2015 Mazda MX-5 Miata Insurance Quotes

Nobody I know cherishes buying insurance, especially knowing the cost is too high.

Many insurers vie for your insurance dollar, so it’s not easy to compare every company and uncover the absolute best rate

Consumers should take time to shop coverage around once or twice a year because prices are constantly changing. Just because you had the best deal on MX-5 Miata insurance two years ago there may be better deals available now. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the right way to lower your rates without sacrificing coverage.

Companies offer discounts so take them!

The price of auto insurance can be rather high, but discounts can save money and there are some available that you may not know about. Some discounts apply automatically at the time of quoting, but a few need to be specially asked for before they will apply.

  • Save over 55 – Older drivers can possibly qualify for a discount up to 10% on MX-5 Miata insurance.
  • Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.
  • Passive Restraint Discount – Cars that have air bags can qualify for discounts of 20% or more.
  • Paperwork-free – Some insurance companies may give you up to $50 just for signing your application over the internet.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
  • Student Driver Training – Require your teen driver to complete a driver education course if offered at their school.

It’s important to understand that many deductions do not apply to the entire cost. Some only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, companies wouldn’t make money that way. But any discount will cut the amount you have to pay.

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

How to Compare Auto Insurance Costs

Comparing auto insurance rates can be challenging if you don’t know the fastest way to get free quotes. You could waste a few hours talking about coverages with local insurance agents in your area, or you can stay home and use online quotes to get prices fast.

Most of the larger companies take part in a program where insurance shoppers only type in their quote data once, and each company then returns a price quote determined by their information. This system prevents you from having to do quotation requests to each individual auto insurance company.

To submit your quote information now, click here to start a free quote.

The one downside to using this type of system is that you can’t choose which companies to get pricing from. If you prefer to choose specific providers to compare prices, we have a page of the cheapest auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but compare apples-to-apples deductibles and coverage limits for each comparison quote. If each company quotes higher or lower deductibles it’s impossible to determine the best price for your Mazda MX-5 Miata. Slightly different insurance coverages can mean a large discrepancy in price. It’s important to know that quoting more will improve the odds of getting a lower rate.

Factors that can influence insurance rates for a Mazda MX-5 Miata

It’s important that you understand the factors that play a part in calculating the price you pay for insurance coverage. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that will entitle you to better insurance coverage rates.

  • Teen drivers pay high rates – Mature drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel. Youthful drivers are known to get distracted easily in a vehicle therefore insurance coverage rates are much higher.
  • More claims means more premium – If you tend to file frequent claims, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance companies generally give discounts to insureds who are claim-free. Your insurance policy is meant to be used in the event of the large, substantial claims.
  • Better credit means lower rates – A driver’s credit rating is a huge factor in determining what you pay for insurance coverage. People with excellent credit tend to be more responsible than drivers who have lower credit ratings. If your credit rating can use some improvement, you could potentially save money when insuring your 2015 Mazda MX-5 Miata by spending a little time repairing your credit.
  • Special features that cut premiums – Purchasing a vehicle with a theft deterrent system can save you a little every year. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Where you reside plays a part – Choosing to live in a small town has it’s advantages when buying insurance coverage. Less people living in that area translates into fewer accidents. Drivers in populated areas tend to have congested traffic and longer commutes to work. Longer commute distances means higher likelihood of an accident.
  • Women pay lower rates – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. Both sexes are in accidents at a similar rate, but men cause more damage. Men also have more aggressive citations such as DWI and reckless driving. Teenage male drivers are most likely to cause an accident and therefore have the most expensive insurance coverage rates.
  • Do you have a high stress job? – Did you know your occupation can influence how much you pay for insurance coverage? Careers like lawyers, executives and dentists have the highest average rates attributed to stressful work requirements and long work days. Other occupations like scientists, historians and homemakers get better rates on MX-5 Miata insurance.
  • Careful drivers pay lower rates – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one speeding ticket can bump up the cost by twenty percent. Drivers who don’t get tickets get better rates than their less careful counterparts. Drivers with dangerous tickets such as DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent a license revocation.

Do I just need basic coverages?

When it comes to buying coverage, there really is no one size fits all plan. Each situation is unique and your policy should reflect that. Here are some questions about coverages that might point out whether you may require specific advice.

  • Is rental equipment covered for theft or damage?
  • Is my ex-spouse still covered by my policy?
  • Should I drop comprehensive coverage on older vehicles?
  • Does my car insurance cover rental cars?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area.

Insurance coverage basics

Learning about specific coverages of your policy can be of help when determining which coverages you need for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most insurance policies.

Coverage for uninsured or underinsured drivers

This coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Mazda MX-5 Miata.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally these limits do not exceed the liability coverage limits.

Liability insurance

This coverage provides protection from damage that occurs to other’s property or people. This coverage protects you against other people’s claims, and doesn’t cover 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. You commonly see values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like loss of income, bail bonds and structural damage. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like rehabilitation expenses, hospital visits and surgery. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like rolling your car, hitting a mailbox, backing into a parked car and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Comprehensive insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like rock chips in glass, falling objects and hitting a deer. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Online plus local equals savings

Cheap 2015 Mazda MX-5 Miata insurance is attainable online and also from your neighborhood agents, so you should compare both so you have a total pricing picture. A few companies may not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

We’ve covered some good ideas how to compare insurance prices online. It’s most important to understand that the more companies you get rates for, the higher your chance of finding lower rates. Consumers could even find that the best price on car insurance is with the smaller companies. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. In too many instances, consumers will sacrifice full coverage only to regret at claim time that they should have had better coverage. The aim is to buy a smart amount of coverage at a price you can afford.

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