Lower Your 2007 Mazda MX-5 Miata Insurance Rates

Trying to find better auto insurance rates for your Mazda MX-5 Miata? Being forced to pay for overpriced auto insurance premiums can drain your monthly budget and possibly require postponing other expenditures. Doing a price comparison is an excellent way to lower your monthly bill.

Multiple car insurance companies compete to insure your vehicles, and because of this it can be hard to compare insurers and get the best coverage at the best rates possible.

You need to get comparison quotes once or twice a year because auto insurance prices change frequently. If you had the lowest price for MX-5 Miata coverage a few years ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to the fastest way to find better coverage at a better price.

If you have a policy now or need a new policy, you can use these tips to find better prices while maintaining coverages. Buying car insurance is not rocket science. Vehicle owners only need an understanding of the proper methods to buy insurance online.

Compare quotes for auto insurance

There are several ways to shop for auto insurance, but one way is more efficient than others. You could waste time driving to local insurance agents in your area, or you can stay home and use online quoting to accomplish the same thing much quicker.

Most of the larger companies are enrolled in a marketplace that enables customers to send in one quote, and each company can provide price quotes for coverage. This saves time by eliminating quote requests to each company.

To find out what other companies charge click here to open in new window.

One minor caviat to using this type of form is buyers cannot specifically choose which carriers you want to price. If you prefer to choose individual companies to compare prices, we have a page of low cost auto insurance companies in your area. View list of insurance companies.

It doesn’t matter which method you choose, just do your best to enter nearly identical quote information for every company. If you use higher or lower deductibles it’s impossible to get a fair rate comparison.

Affordable auto insurance rates with discounts

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 once in a while a discount must be asked about before being credited.

Full Payment Discount – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
Discount for New Cars – Adding a new car to your policy is cheaper because new model year vehicles keep occupants safer.
Policy Bundle Discount – If you can bundle your homeowners and auto insurance with the same insurance company you may earn up to 20% off your total premium.
No Claim Discounts – Good drivers with no accidents can earn big discounts as compared to frequent claim filers.
Seat Belts Save – Drivers who require all occupants to fasten their seat belts can save 10% or more off the medical payments premium.

You can save money using discounts, but most discounts do not apply to the entire cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like all those discounts means the company will pay you, nobody gets a free ride.

To see providers that can offer you the previously mentioned discounts, click this link.

Tailor your insurance coverage to you

When buying the best insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions could help you determine whether or not you could use an agent’s help.

What is no-fault insurance?
When should my teen driver be added to my policy?
Do I have coverage if my license is suspended?
Is borrowed equipment or tools covered if stolen or damaged?
Are rental cars covered under my policy?
Are my friends covered when driving my car?
Is my teen driver covered when they drive my company car?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance coverage options for a 2007 Mazda MX-5 Miata

Understanding the coverages of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages offered by auto insurance companies.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like EMT expenses, hospital visits and nursing services. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability car insurance

This coverage will cover damage or injury you incur to other people or property. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like legal defense fees, medical services and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverages

This covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a bird, theft, falling objects, fire damage and rock chips in glass. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Mazda MX-5 Miata.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Auto collision coverage

This pays to fix your vehicle from damage from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as rolling your car, colliding with a tree, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.