Lower Your 2017 Mazda MX-5 Miata Insurance Rates

Want the cheapest insurance coverage rates for your Mazda MX-5 Miata? Are you irritated from being strong-armed to keep your car insured? You are no different than many other consumers. Consumers have multiple insurers to insure vehicles with, and though it is a good thing to have a selection, having more insurers makes it harder to adequately compare rates.

How to lower your insurance cost

There are several ways to shop for insurance, but there is one way that is more efficient than others. You can waste a lot of time discussing policy coverages with agents in your area, or you can utilize online quotes for quick rates.

All the larger companies participate in an industry program where prospective buyers enter their coverage request one time, and every company can give them a price based on that data. This eliminates the need for quote requests to every company. To find out how much you can save on insurance click here (opens in new window).

The single downside to doing it this way is you can’t choose which companies you will receive quotes from. So if you want to select specific providers for rate comparison, we put together a list of low cost insurance companies in your area. Click here to view list.

However you get your quotes, compare apples-to-apples quote data for each comparison quote. If the quotes have higher or lower deductibles you can’t possibly get a fair rate comparison.

Take policy discounts and save

The cost of insuring your cars can be expensive, but there could be significant discounts that may help make it more affordable. A few discounts will automatically apply when you quote, but a few need to be asked about in order for you to get them.

  • More Vehicles More Savings – Insuring all your vehicles with one company can reduce the rates for all insured vehicles.
  • Professional Memberships – Joining certain professional organizations could earn you a nice discount when shopping for insurance coverage.
  • Onboard Data Collection – Policyholders that allow driving data collection to study driving patterns by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might get better premium rates as long as the data is positive.
  • Pay Upfront and Save – By paying your policy upfront as opposed to paying monthly you can actually save on your bill.
  • Claim-Free Discount – Insureds who avoid accidents and claims have much lower rates as compared to accident-prone drivers.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less for MX-5 Miata insurance than less cautious drivers.
  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
  • Active Service Discounts – Having a family member in the military could trigger a small discount.

You should keep in mind that some of the credits will not apply to all coverage premiums. Most cut the price of certain insurance coverages like comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, you aren’t that lucky.

A list of companies and some of the discounts are detailed below.

  • American Family includes discounts for Steer into Savings, TimeAway discount, accident-free, good driver, mySafetyValet, and air bags.
  • Nationwide policyholders can earn discounts including accident-free, family plan, Farm Bureau membership, defensive driving, and good student.
  • MetLife discounts include good student, defensive driver, good driver, multi-policy, and claim-free.
  • 21st Century may include discounts for driver training, early bird, anti-lock brakes, air bags, 55 and older, and defensive driver.
  • Farmers Insurance may offer discounts for mature driver, multi-car, distant student, alternative fuel, electronic funds transfer, business and professional, and homeowner.
  • Allstate has discounts for premier plus, resident student, anti-theft, good student, utility vehicle, and passive restraint.

Double check with every prospective company which credits you are entitled to. Savings may not apply to policies everywhere.

Which policy gives me the best coverage?

When it comes to choosing adequate coverage, there really is no cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether or not you could use an agent’s help.

  • What if I total my 2017 Mazda MX-5 Miata and owe more than it’s worth?
  • How many claims can I have before being cancelled?
  • Do I need replacement cost coverage on my 2017 Mazda MX-5 Miata?
  • Is a blown tire covered by insurance?
  • When would I need rental car insurance?
  • Are my friends covered when driving my car?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Learn how to buy car insurance for less

A large part of saving on car insurance is knowing the rating factors that aid in calculating car insurance rates. If you know what determines base rates, this enables you to make decisions that could help you find lower car insurance prices.

  • Marriage discount – Walking down the aisle helps lower the price on car insurance. It translates into being more stable financially it has been statistically shown that married drivers get in fewer accidents.
  • Occupation stress can make you pay more – Did you know your career choice can influence rates? Jobs like real estate brokers, architects and miners usually pay the highest average rates in part from high stress and long work hours. On the other hand, careers like professors, engineers and performers receive lower rates for MX-5 Miata insurance.
  • Pleasure use saves money – Driving a lot of miles in a year’s time the higher your rates will be. Most insurance companies calculate prices based upon how the vehicle is primarily used. Cars that have low annual miles receive lower rates as compared to vehicles used primarily for driving to work. Double check that your car insurance policy properly reflects the correct driver usage, because it can save money. Having the wrong rating on your MX-5 Miata may be costing you higher rates.
  • Only buy what you need – Insurance policies have a lot of additional coverages that may not really be needed on your MX-5 Miata policy. Coverages like coverage for rental cars, towing, and additional equipment coverage are probably not needed. These may sound like a good investment when deciding what coverages you need, but if you have no use for them get rid of them and save.
  • Less chance of injury means lower prices – Safer cars are cheaper to insure. These vehicles reduce occupant injuries and reduced instances of injuries translates into savings for insurance companies and cheaper rates on your policy. If your Mazda MX-5 Miata is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Costs are affected by your address – Choosing to live in small towns and rural areas has definite advantages when it comes to car insurance. City drivers have more road rage incidents and much longer commute distances. Less people living in that area means reduced accidents and also fewer theft and vandalism claims.

Car insurance coverage information

Learning about specific coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages found on most insurance policies.

Coverage for medical payments – Coverage for medical payments and/or PIP kick in for bills for hospital visits, ambulance fees, X-ray expenses, pain medications and prosthetic devices. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive coverages – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from getting keyed, fire damage, damage from flooding, a tree branch falling on your vehicle and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision – This will pay to fix damage to your MX-5 Miata resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a mailbox, driving through your garage door, hitting a parking meter and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Liability car insurance – Liability insurance will cover injuries or damage you cause to other’s property or people in an accident. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like court costs, structural damage and medical expenses. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Uninsured and underinsured coverage – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your 2017 Mazda MX-5 Miata.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Spend less. Save more.

We’ve covered a lot of tips how to lower your 2017 Mazda MX-5 Miata insurance rates. The key thing to remember is the more times you quote, the better your comparison will be. You may even find the best price on car insurance is with a lesser-known regional company. Smaller companies often have lower auto insurance rates on specific markets than the large multi-state companies such as Progressive and Geico.

Cheaper 2017 Mazda MX-5 Miata insurance can be purchased both online in addition to local insurance agencies, and you should compare rates from both so you have a total pricing picture. Some insurance providers may not provide online price quotes and most of the time these regional insurance providers provide coverage only through independent agencies.

As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced liability coverage limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage for the lowest cost while not skimping on critical coverages.

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