How Much Does 2017 Mazda MX-5 Miata RF Insurance Cost?

Want lower car insurance rates for your Mazda MX-5 Miata RF? Did you fall for a flashy sales pitch and buy high-priced car insurance? It’s a common feeling and there are many people just like you.

Numerous insurers battle to insure your vehicles, so it can be very hard to choose a provider to find the absolute lowest cost out there.

If you have car insurance now, you should be able to cut costs considerably using this information. Buying car insurance is not that difficult. But consumers must know how big insurance companies determine prices and apply this information to your search.

The Mazda MX-5 Miata RF insurance rate equation

Lots of things are taken into consideration when quoting car insurance. Most are fairly basic like an MVR report, but other factors are more transparent such as your credit history or how safe your car is.When buying auto insurance it’s important to understand some of the elements that help determine the price you pay for auto insurance. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get lower premium levels.

Shown below are just a few of the factors that factor into your rate level.

  • Save money by having multiple policies – Most major companies provide discounts to buyers who have multiple policies with them such as combining an auto and homeowners policy. The discount can add up to as much as ten percent or more Even if you already get this discount, drivers will still want to shop around to verify if the discount is saving money.There is a chance you can save even more by buying insurance from more than one company.
  • Never let your auto insurance policy lapse – Letting your insurance expire will be a quick way to increase your renewal premiums. Not only will you pay more, getting caught without coverage could earn you a steep fine or even jail time. You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Don’t cut corners with liability – The liability coverage on your policy provides coverage in the event that you are responsible for causing damage or personal injury in an accident. Liability provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not cut corners here.
  • Your employer is a factor – Occupations like military personnelpolice officers and stock brokers tend to have higher premiums than the average policyholder in part from high stress and lengthy work days. Other jobs like farmers, athletes and the unemployed pay the least on MX-5 Miata RF coverage.

Ways to get insurance coverage quotes

Most major insurance companies such as Allstate, Geico and Progressive give coverage prices direct online. Doing online quotes is easy for anyone because it’s just a matter of typing in your personal and coverage information into a form. Once you submit the form, the system will obtain your driving and credit reports and quotes a price. Quoting online makes it simple to compare prices but the time required to go to many different websites and fill out multiple forms is repetitive and time-consuming. But it is imperative to do this in order to find the lowest possible prices on insurance coverage.

A less time-consuming method to compare insurance coverage pricing uses one form to get prices from a lot of companies. It’s a real time-saver, reduces the work, and makes online price comparison much more enjoyable and efficient. As soon as you send your information, it is quoted with multiple companies and you can pick your choice of the returned quotes.

If the quotes result in lower rates, you can simply submit the application and buy the policy. The whole process takes less than 15 minutes and may result in a nice savings.

To quickly compare rates now, click here to open in new window and input your coverage information. To compare your current rates, we recommend you input as close as possible to your current policy. This way, you will have rate comparison quotes for the exact same coverage.

Ads can be misleading

Big name companies like Allstate, Geico and Progressive endlessly run ads in print and on television. They all seem to make an identical promise of big savings if you switch your auto insurance policy to them. But how can every company make the same claim? It’s all in the wording.

Different companies look for specific characteristics for the driver that will be a good risk. For instance, a profitable customer may need to be between 25 and 40, has a clean driving record, and insures a new vehicle. Anybody that fits those parameters will get a cheap rate quote and most likely will save quite a bit of money when switching.

Insureds who don’t meet this ideal profile will probably have to pay more expensive rates and this can result in the driver buying from a lower-cost company. If you pay attention, the ads say “people who switch” not “everyone that quotes” can save as much as they claim. This is how insurance companies can make claims like that.

Each company has different criteria, so you need to get a wide range of price quotes. Because you cannot predict with any certainty which company will be your best fit.

Lower rates by qualifying for discounts

Car insurance can cost a lot, but you might already qualify for some discounts that can help lower your rates. Larger premium reductions will be automatically applied when you quote, but a few need to be specially asked for before they will apply.

  • Government Employee Discount – Employees or retirees of the government may qualify for a discount when you quote insurance on MX-5 Miata RF coverage depending on your company.
  • Claim Free – Drivers who stay claim-free get the best car insurance rates as compared to accident-prone drivers.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up can save up to 15% off the PIP or medical payment premium.
  • Discounts for Responsible Drivers – Insureds who avoid accidents could pay up to 40% less on MX-5 Miata RF coverage compared to rates paid by drivers with frequent claims.
  • Anti-theft System – Cars, trucks, and SUVs with anti-theft systems are stolen less frequently and that can save you a little bit as well.
  • Braking Control Discount – Vehicles that have anti-lock braking systems are much safer to drive and qualify for as much as a 10% discount.
  • Early Switch Discount – A few insurance companies offer discounts for switching to them before your current expiration date. The savings is around 10%.
  • Professional Memberships – Participating in a civic or occupational organization is a simple method to lower premiums on your next renewal.

Discounts lower rates, but some credits don’t apply to your bottom line cost. Some only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.

To find insurers who offer discounts, click here.

Insurance coverage is unique, just like you

When it comes to buying the right insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is unique so your insurance should reflect that For instance, these questions can aid in determining if your situation might need an agent’s assistance.

  • How much liability do I need to cover my assets?
  • Is other people’s property covered if stolen from my vehicle?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Where can I get insurance after a DUI in my state?
  • Why do I need rental car insurance?
  • Am I covered when driving someone else’s vehicle?
  • How many claims can I have before being cancelled?
  • Where can I find DUI or SR-22 insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I have coverage when using my vehicle for my home business?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Coverages available on your car insurance policy

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average car insurance policy.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Mazda MX-5 Miata RF.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, fire damage, damage from getting keyed and hail damage. The maximum payout a car 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 consider removing comprehensive coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as funeral costs, rehabilitation expenses, X-ray expenses and hospital visits. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Coverage for collisions

This will pay to fix damage to your MX-5 Miata RF resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like hitting a parking meter, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Auto liability

This protects you from damage that occurs to people or other property. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers claims like structural damage, bail bonds, medical expenses and legal defense fees. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Be a Smart Shopper

As you quote insurance, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced liability coverage limits only to regret at claim time that the savings was not a smart move. Your objective should be to buy the best coverage you can find at an affordable rate and still be able to protect your assets.

You just learned quite a bit of information on how to lower your 2017 Mazda MX-5 Miata RF insurance car insurance rates. It’s most important to understand that the more providers you compare, the better your chances of lowering your premium rates. Drivers may discover the biggest savings come from a small local company. They may have significantly lower premium rates on certain market segments than the large multi-state companies such as State Farm and Allstate.

Much more information about insurance is located at the links below