How Much Does 2008 Mazda MX-5 Miata Insurance Cost?

If price shopping insurance coverage quotes online is new to you, it’s easy to get overwhelmed due to the large selection of insurance coverage companies all claiming to have the lowest rates.

If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these methods. Pricing more affordable insurance coverage is not that difficult. But consumers must comprehend how companies sell online because it can help you find the best coverage.

How to compare auto insurance rate quotes

The are a couple different ways to get quotes from many available auto insurance companies in your state. The quickest method to compare 2008 Mazda MX-5 Miata insurance prices is to use the internet to compare rates. This is very easy and can be done using a couple different methods.

  • The most efficient way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This quick form saves time by eliminating separate quotation requests for every auto insurance company. In just a few minutes this one form gets rate comparisons from many national carriers. Just one form and you’re done.
  • A harder way to find more affordable insurance requires visiting each company’s website and get a separate price quote. For sake of this example, we’ll assume you need rates from USAA, 21st Century and Progressive. You would have to go to each individual site to enter your coverage information, which is why most consumers use the first method.

    To view a list of companies in your area, click here.

Whichever way you use, try to keep identical coverages for every quote you compare. If each company quotes unequal deductibles or liability limits then you won’t be able to get a fair rate comparison. Just a small difference in coverages may result in large price differences. And when price shopping your coverage, comparing a large number of companies will enable you to find better pricing.

Discounts can really help lower rates

Auto insurance is not cheap nor is it fun to buy but you might already qualify for some discounts to help offset the cost. Certain reductions will be credited when you quote, but some may not be applied and must be asked for before being credited. If you don’t get every credit available, you’re just leaving money on the table.

  • Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up before driving can save 10% or more on medical payment and PIP coverage.
  • Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts as much as 30%.
  • More Vehicles More Savings – Insuring several vehicles on one policy may reduce the rate for each vehicle.
  • Low Mileage Discounts – Low annual miles can earn lower rates due to less chance of an accident.
  • Own a Home – Owning your own home or condo can help you save on auto insurance because it requires a higher level of personal finance.
  • Onboard Data Collection – Insureds who allow driving data collection to study driving manner by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates if they show good driving skills.
  • Good Grades Discount – Performing well in school may save you up to 25%. Earning this discount can benefit you until age 25.
  • Sign Online – A few larger online companies provide a small discount for buying your policy on the web.

Consumers should know that most discount credits are not given to all coverage premiums. Most cut individual premiums such as physical damage coverage or medical payments. So even though it sounds like all the discounts add up to a free policy, you won’t be that lucky.

Car insurance companies that have these discounts include:

Before you buy a policy, ask every prospective company the best way to save money. All car insurance discounts might not be available to policyholders in every state. For a list of auto insurance companies that offer some of these discounts, click this link.

Will just any policy work for me?

When it comes to buying the best insurance coverage coverage for your personal vehicles, there is no single plan that fits everyone. Every insured’s situation is different.

For example, these questions may help you determine if your insurance needs might need professional guidance.

  • Am I covered when driving on a suspended license?
  • How can I force my company to pay a claim?
  • Am I covered if I wreck a rental car?
  • Is a fancy paint job covered?
  • Am I insured when driving a different vehicle?
  • At what point should I drop full coverage?
  • When do I need to add a new car to my policy?
  • Why am I required to buy liability insurance?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form.

Insurance coverage specifics

Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like prosthetic devices, hospital visits, chiropractic care and ambulance fees. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for 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 only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive (Other than Collision) – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like a broken windshield, fire damage, a tree branch falling on your vehicle, vandalism and damage from getting keyed. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a building, colliding with a tree, backing into a parked car and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.

Coverage for liability – This protects you from damage or injury you incur to other people or property that is your fault. It protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability coverage pays for things such as legal defense fees, emergency aid, pain and suffering, medical expenses and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.