Lower Your 2013 Mazda MX-5 Miata Insurance Rates

Shoppers have lots of choices when shopping for the best price on Mazda MX-5 Miata insurance. You can either spend your time contacting agents to compare prices or save time using the internet to find the lowest rates. There are more efficient ways to find insurance online and we’ll show you the quickest way to get price quotes for your Mazda and locate the lowest possible price from both online companies and local agents.

It’s a good idea to compare rates once or twice a year due to the fact that insurance rates are variable and change quite frequently. Even if you think you had the best rates on MX-5 Miata insurance a couple years back there is a good chance you can find better rates now. You’ll find quite a bit of inaccurate information about insurance on the internet, so we’re going to give you some great ideas on how to quit paying high insurance rates.

If you have a current car insurance policy or are looking for a new policy, you can use this information to shop for the lowest rates while maximizing coverage. The purpose of this post is to instruct you on how car insurance quotes work and some tips to save money. Drivers just need to know the most efficient way to compare price quotes on the web.

Best discounts on Mazda MX-5 Miata coverage

Car insurance companies do not advertise every available discount very clearly, so we researched both the well known and the harder-to-find ways to save on insurance. If you’re not getting every credit you qualify for, you are paying more than you should be.

  • Passive Restraint Discount – Cars that have air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Student Driver Training – Have your child take driver’s ed class in school.
  • Pay Upfront and Save – By paying your policy upfront instead of paying each month you can actually save on your bill.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and qualify for as much as a 10% discount.
  • Senior Citizens – If you’re over the age of 55, you can possibly qualify for reduced rates on MX-5 Miata insurance.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% compared to insuring an older model.
  • Own a Home – Simply owning a home may trigger a insurance policy discount because maintaining a house shows financial diligence.
  • Good Students Pay Less – Getting good grades can save 20 to 25%. This discount can apply up to age 25.
  • Braking Control Discount – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Early Switch Discount – Select companies give a discount for switching policies prior to your current policy expiration. It’s a savings of about 10%.

Drivers should understand that most discounts do not apply to the entire policy premium. Some only apply to individual premiums such as medical payments or collision. Even though it may seem like you can get free auto insurance, it doesn’t quite work that way.

To see a list of insurance companies with discount insurance rates, click here to view.

Parts of the Mazda MX-5 Miata rate equation

Consumers need to have an understanding of the factors that go into determining your insurance rates. Understanding what controls the rates you pay empowers consumers to make smart changes that can help you get much lower annual insurance costs.

Listed below are a few of the “ingredients” used by your company to calculate your rates.

  • Little extras can really add up – There are a lot of add-on coverages that can waste your money if you aren’t careful. Coverages like roadside assistance, accident forgiveness and term life insurance may be wasting your money. They may seem like a good idea when you first buy your policy, but if they’re wasting money get rid of them and save.
  • Do you know you’re credit rating? – Credit score is a huge factor in determining your rates. Consumers who have good credit tend to be less risk to insure than drivers who have poor credit. If your credit history is low, you could save money insuring your 2013 Mazda MX-5 Miata by spending a little time repairing your credit.
  • Do you qualify for a multi-policy discount? – Many insurance companies give discounts to customers who consolidate policies with them. It’s known as a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. Even with this discount, it’s in your best interest to shop around to make sure you are getting the best deal.
  • Lower deductibles cost more – Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your Mazda. Some examples of claims that would be covered would be running into the backend of another car, damage from fire, and rolling your vehicle. Deductibles for physical damage are how much you are required to spend if you file a covered claim. The more money the insured has to pay upfront, the less your company will charge you for insurance on MX-5 Miata insurance.
  • Claim-free discounts can add up – If you frequently file small claims, you can pretty much guarantee higher rates. Companies generally give discounts to drivers who do not file claims often. Insurance coverage is meant to be used in the event of the large, substantial claims.
  • Don’t let your coverage lapse – Driving with no insurance is illegal and you will pay a penalty because you let your coverage lapse. Not only will you pay more, getting caught without coverage will get you a hefty fine and possibly a revoked license.
  • Special features that cut premiums – Owning a car with a theft deterrent system can help bring down rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.

Tailor your coverage to you

When buying the right insurance coverage, there really is not a cookie cutter policy. Everyone’s situation is unique.

Here are some questions about coverages that might point out whether your personal situation may require specific advice.

  • Do all my vehicles need collision coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • When should I not file a claim?
  • Why am I required to get a high-risk car insurance policy?
  • Are rental cars covered under my policy?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, complete this form. It’s fast, free and you can get the answers you need.

Car insurance coverage options for a Mazda MX-5 Miata

Knowing the specifics of your car insurance policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills like ambulance fees, hospital visits, EMT expenses and nursing services. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Mazda MX-5 Miata.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Collision insurance

Collision coverage pays for damage to your MX-5 Miata caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as sideswiping another vehicle, backing into a parked car, scraping a guard rail, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like theft, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for liability

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

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that means you have $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.

Liability coverage pays for things like repair bills for other people’s vehicles, medical expenses and medical services. How much coverage you buy is up to you, but buy as much as you can afford.

The best insurance company isn’t always the cheapest

Insureds change insurance companies for any number of reasons including high prices, policy non-renewal, policy cancellation or even lack of trust in their agent. Regardless of your reason, finding a new company can be easy and end up saving you some money.

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 an insured cut physical damage coverage and learned later they didn’t purchase enough coverage. Your aim should be to buy enough coverage at the best price.

We just showed you many tips how you can reduce 2013 Mazda MX-5 Miata insurance prices online. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. You may be surprised to find that the most savings is with a small local company.

Much more information about insurance coverage can be read at the links below