2014 Mazda MX-5 Miata Insurance Quotes – 5 Savings Tips

When looking for cheaper insurance, do you get confused by the number of insurance coverage companies available to you? You’re not alone. consumers have so many companies available that it can easily become a burden to find the lowest price.

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. Finding cheaper coverage is not that difficult. But car owners must comprehend how insurance companies sell online and use this information to your advantage.

Save money by taking advantage of these five discounts

Companies offering auto insurance do not list all available discounts in an easy-to-find place, so the next list breaks down some of the best known and the harder-to-find insurance coverage savings.

  • Safety Restraint Discount – Using a seat belt and requiring all passengers to buckle up before driving can save up to 15% off the medical payments premium.
  • Home Ownership Discount – Just owning your own home may trigger a policy discount on insurance coverage since owning and maintaining a home requires personal responsibility.
  • Braking Control Discount – Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • New Vehicle Savings – Adding a new car to your policy can get you a discount because new model year vehicles keep occupants safer.

Just know that some credits don’t apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comprehensive or collision. Despite the appearance that you would end up receiving a 100% discount, it just doesn’t work that way.

The best insurance coverage companies and some of the discounts are outlined below.

  • 21st Century may offer discounts for automatic seat belts, homeowners, theft prevention, defensive driver, 55 and older, teen driver, and early bird.
  • Progressive may include discounts for continuous coverage, good student, multi-vehicle, online quote discount, multi-policy, homeowner, and online signing.
  • State Farm includes discounts for Drive Safe & Save, student away at school, multiple autos, accident-free, driver’s education, safe vehicle, and anti-theft.
  • Nationwide has savings for good student, multi-policy, defensive driving, anti-theft, and Farm Bureau membership.
  • Esurance discounts include homeowner, claim free, anti-theft, multi-policy, and Pac-12 alumni.
  • The Hartford offers discounts including air bag, driver training, bundle, defensive driver, anti-theft, good student, and vehicle fuel type.

When getting free car insurance quotes, it’s a good idea to every prospective company how you can save money. Some of the earlier mentioned discounts may not apply in your area. To see insurance companies who offer discounts, click here.

Quote car insurance online

Shopping for lower car insurance rates can take hours if you don’t understand the easiest way. You could waste a few hours talking to agents in your area, or you can utilize online quotes to get rates in a matter of minutes.

Most of the larger companies participate in a marketplace where prospective buyers submit their information once, and each company then gives them pricing based on that data. This eliminates the need for quote requests to each individual car insurance company.

To compare pricing click here (opens in new window).

The only drawback to pricing coverage this way is you can’t choose the providers you want to price. So if you want to choose specific providers to receive pricing from, we have a listing of car insurance companies in your area. Click to view list.

How you compare quotes is your choice, just make sure you use equivalent deductibles and coverage limits with every price quote. If you use differing limits it will be next to impossible to determine which company has the best rates. Just a small difference in insurance coverages or limits can result in a big premium difference. And when comparing car insurance rates, know that quoting more gives you a better chance of getting the best price. Some insurance companies are not set up to provide prices over the internet, so you need to compare price estimates from the smaller companies as well.

How much insurance do I need?

When choosing the right insurance coverage, there really is no “best” method to buy coverage. Each situation is unique.

Here are some questions about coverages that may help highlight if you will benefit from professional help.

  • Do I have coverage when using my vehicle for my home business?
  • Do I pay less for low miles?
  • Do I need PIP coverage since I have good health insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Should I waive the damage coverage when renting a car?
  • Is my dog or cat covered if injured in an accident?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form.

Car insurance coverage considerations

Knowing the specifics of a car insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like rock chips in glass, vandalism, theft and hitting a deer. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability insurance

Liability coverage protects you from injuries or damage you cause to a person or their property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims such as funeral expenses, pain and suffering, medical services and attorney fees. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.

Medical payments and PIP coverage

Med pay and PIP coverage pay for expenses like dental work, nursing services, hospital visits, X-ray expenses and funeral costs. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2014 Mazda MX-5 Miata.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision protection

This coverage pays for damage to your MX-5 Miata resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things such as damaging your car on a curb, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Summing up your car insurance search

A few companies may not provide price quotes online small insurance companies prefer to sell through local independent agents. More affordable car insurance can be purchased online in addition to local insurance agencies, and you should compare rates from both in order to have the best price selection to choose from.

As you restructure your insurance plan, never buy less coverage just to save a little money. There have been many situations where an insured cut uninsured motorist or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at the best price, but don’t skip important coverages to save money.

Throughout this article, we presented many ideas to get a better price on 2014 Mazda MX-5 Miata insurance. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the lowest auto insurance rates are with a smaller regional carrier.

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