2017 Mazda MX-5 Miata Insurance Quotes

Searching for the cheapest car insurance rates for your Mazda MX-5 Miata? Are you burned out from sacrificing other expenses to pay high car insurance rates every month? You are in the same boat as many other consumers.

You have so many insurance companies to pick from, and although it’s a good thing to have multiple companies, more options can take longer to compare rates.

Smart consumers take time to price shop coverage as often as possible because prices are adjusted regularly by insurance companies. Just because you had the best rates for MX-5 Miata insurance a few years ago you will most likely find a better rate quote today. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the only way to eliminate unnecessary coverages and save money.

What determines Mazda MX-5 Miata insurance prices?

Many things are taken into consideration when you get your auto insurance bill. Some are obvious like a motor vehicle report, but others are less obvious like your vehicle usage or your financial responsibility.When buying auto insurance it’s important to understand some of the things that are used to determine the rates you pay for auto insurance. If you have some idea of what determines base rates, this helps enable you to make changes that may reward you with lower premium levels.

  • Your stress level may be raising your rates – Did you know your job can affect your rates? Careers like judgespolice officers and emergency personnel have the highest rates because of intense work situations and incredibly demanding work hours. Other jobs like farmers, engineers and retirees have lower than average premiums for MX-5 Miata insurance.
  • High credit score translates to low rates – Your credit rating is a large factor in calculating your auto insurance rates. If your credit history could use some work, you may save money insuring your 2017 Mazda MX-5 Miata if you clean up your credit. Insureds with excellent credit tend to be more responsible and file fewer claims as compared to drivers with bad credit.
  • Lower rates by staying claim free – Companies generally give discounts to insureds who are not frequent claim filers. If you’re an insured who likes to file claims you can definitely plan on either a policy non-renewal or much higher rates. Your car insurance is meant to be used in the event of claims that you cannot pay yourself.
  • Traffic violations drive up costs – Your driving record has a huge affect on how much you pay. Good drivers receive lower rates compared to bad drivers. Just one moving violation can increase rates to the point where it’s not affordable. Drivers with flagrant violations like reckless driving or DUI may need to submit a SR-22 form with their state in order to keep their license.
  • Age of drivers impacts rates – Teen drivers are statistically proven to be inattentive and easily distracted with other occupants in the car and because of this, their auto insurance rates are much higher. Adding a teenage driver onto your auto insurance will cause a huge premium hike. Older, more experienced drivers are viewed as being more responsible, tend to cause fewer accidents and get fewer tickets.
  • Liability protection is critical – The liability coverage on your policy will provide protection if ever a court rules you are at fault for causing personal injury or damage in an accident. Your liability coverage provides for a legal defense to attempt to prove you were not liable. It is affordable coverage as compared to coverage for physical damage, so do not cut corners here.
  • Deter theft and save – Selecting a car model that has a built-in theft deterrent system can get you a discount on your auto insurance. Advanced theft deterrents like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your car from being stolen.
  • Lower physical damage deductibles cost more – Protection for physical damage, aka comp and collision, covers damage that occurs to your Mazda. Some examples of covered claims are collision with another vehicle, damage from fire, and damage caused by flying debris. The deductibles state the amount of money you are required to spend if a claim is determined to be covered. The larger the amount you choose to pay out-of-pocket, the lower your rates will be for MX-5 Miata insurance.

Find hidden discounts to get affordable insurance coverage rates

Insurance coverage is neither fun to buy or cheap, but you may find discounts to help offset the cost. Many of these discounts will be applied automatically at the time of quoting, but a few need to be specially asked for before they will apply. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Save over 55 – Drivers that qualify as senior citizens may receive better insurance coverage rates for MX-5 Miata insurance.
  • Payment Discounts – By paying your entire bill at once rather than paying in monthly installments you may reduce your total bill.
  • College Student Discount – Older children who are enrolled in a college that is more than 100 miles from home and do not take a car to college could qualify for this discount.
  • Low Mileage – Keeping the miles down on your Mazda may allow you to get better insurance coveragerates on cars that stay parked.
  • No Accidents – Good drivers with no accidents pay much less as opposed to drivers who are more careless.
  • Cautious Driver Discounts – Insureds who avoid accidents can save as much as half off their rates for MX-5 Miata insurance compared to rates paid by drivers with frequent claims.
  • Accident Forgiveness Coverage – This isn’t a discount exactly, but some insurance companies will turn a blind eye to one accident before raising your premiums so long as you are claim-free for a particular time prior to the accident.
  • Multi-line Discount – Not all insurance companies offer life insurance, but some may give you better rates if you take out life insurance from them.
  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles are stolen with less frequency and can earn a small discount on your policy.
  • Passive Restraints – Vehicles equipped with air bags could see savings of 20% or more.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Most only apply to individual premiums such as liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way.

Car insurance companies that may offer some of the above discounts are:

Check with all companies you are considering how you can save money. Some credits may not apply to policyholders in your area.

Tailor your insurance coverage to you

When buying adequate coverage for your vehicles, there really is not a “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. These are some specific questions might help in determining whether your personal situation might need an agent’s assistance.

  • Are my friends covered when driving my car?
  • Am I covered if I break a side mirror?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I need an umbrella policy?
  • Is a blown tire covered by insurance?
  • Should I drop comprehensive coverage on older vehicles?
  • I have health insurance so do I need medical payments coverage?
  • Do I need higher collision deductibles?
  • How can I find cheaper teen driver insurance?
  • Does insurance cover tools stolen from my truck?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Insurance coverages and their meanings

Knowing the specifics of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages available from insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your Mazda MX-5 Miata.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision)

This coverage covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from a tornado or hurricane, vandalism and falling objects. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as crashing into a ditch, backing into a parked car and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Liability auto insurance

This coverage provides protection from damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as court costs, repair bills for other people’s vehicles, attorney fees and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like dental work, pain medications and surgery. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Have money to burn

Lower-priced 2017 Mazda MX-5 Miata insurance can be found both online and from local agencies, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who may not provide rate quotes online and many times these regional insurance providers only sell coverage through independent agencies.

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced liability coverage limits only to find out that the few dollars in savings costed them thousands. Your strategy should be to buy enough coverage at the best possible price, but do not skimp to save money.

We covered some good ideas how to compare 2017 Mazda MX-5 Miata insurance prices online. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even discover the biggest savings come from a small mutual company. They can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or Geico.

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