2014 Mazda MX-5 Miata Car Insurance Quotes

Trying to find better insurance coverage rates for your Mazda MX-5 Miata? Having to pay for overpriced insurance coverage can dwindle your bank account and force you to prioritize other expenses. Shopping your coverage around is a smart way to cut your insurance bill. Since consumers have many companies and agents to choose from, it can be hard to find the lowest cost insurer.

Consumers need to do rate comparisons every six months because insurance rates change frequently. If you had the lowest rates for MX-5 Miata insurance on your last policy a different company probably has better rates today. Starting right now, forget all the misinformation about insurance coverage because I’m going to teach you one of the best ways to reduce your cost while increasing coverage.

Locating the best coverage can be fairly easy. If you have a current auto insurance policy or need new coverage, you will benefit by learning to find the best rates while maintaining coverages. Drivers only need an understanding of the tricks to get comparison rates online.

Automobile Insurance Quotes

Most companies such as Geico, State Farm and Progressive allow you to get insurance quotes directly from their websites. Getting quotes doesn’t take a lot of time as you just enter your personal and coverage information into the quote form. Once entered, the system obtains your driving record and credit report and generates a price. This streamlines rate comparisons, but having to visit many different websites and enter the same data into a form can get tiresome after awhile. Unfortunately, it is important to get many rate quotes if you are searching for better auto insurance pricing.

Compare rates the easy way

The preferred way to lower your auto insurance bill requires only one form that gets prices from several companies at one time. It’s a real time-saver, eliminates form submissions, and makes comparison shopping a little more enjoyable. As soon as you send your information, it is quoted and you can select any or none of the quotes returned.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase coverage. It takes less than 15 minutes and could lower your rates considerably.

To find out how much you’re overpaying now, simply click here to open in new window and input your coverage information. To compare your current rates, we recommend you complete the form with deductibles and limits as shown on your current policy. This helps ensure you will be getting rate quotes for similar insurance coverage.

Discounts are great for lower rates

Car insurance is not cheap, but there are discounts available that many people don’t even know exist. Most are applied at the time of purchase, but lesser-known reductions have to be inquired about before you get the savings. If you’re not getting every credit possible, you’re paying more than you need to.

  • Payment Discounts – If you pay your bill all at once rather than paying monthly you could save 5% or more.
  • One Accident Forgiven – Some insurance companies allow you one accident before your rates go up so long as you haven’t had any claims for a set time period.
  • Multi-policy Discount – If you have multiple policies with the same insurance company you will save up to 20% off your total premium.
  • Discount for Swiching Early – A few companies offer discounts for switching to them prior to your current policy expiration. The savings is around 10%.
  • More Vehicles More Savings – Having multiple cars or trucks with the same company could earn a price break for each car.
  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • Accident Free – Drivers who don’t have accidents pay much less as compared to frequent claim filers.
  • Homeowners Pay Less – Being a homeowner may earn you a small savings because maintaining a house shows financial diligence.
  • Seat Belts Save – Using a seat belt and requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.

Drivers should understand that most credits do not apply to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, it doesn’t quite work that way. But all discounts will reduce your overall premium however.

For a list of insurers who offer auto insurance discounts, click here.

You may need specialized coverage

When buying adequate coverage for your vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions may help highlight whether you could use an agent’s help.

  • Are all vehicle passengers covered by medical payments coverage?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered if my car is in a flood?
  • Does insurance cover tools stolen from my truck?
  • When does my teenage driver need to be added to my policy?
  • Should I have a commercial auto policy?
  • Can my babysitter drive my car?
  • Do I have coverage for damage caused while driving under the influence?
  • What can I do if my company denied a claim?
  • Does my 2014 Mazda MX-5 Miata qualify for pleasure use?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and can help protect your family.

Factors influencing Mazda MX-5 Miata insurance rates

Consumers need to have an understanding of some of the elements that go into determining the price you pay for car insurance. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that can help you get better car insurance rates.

  • Frequent car insurance claims increase rates – Auto insurance companies provide discounts to people who do not rely on their insurance for small claims. If you frequently file small claims, you can pretty much guarantee higher rates. Your insurance policy is designed for the large, substantial claims.
  • A lapse in coverage is a bad thing – Allowing your car insurance policy to lapse is a quick way to trigger a rate increase. Not only will you pay more, getting caught without coverage may earn you a steep fine or even jail time.
  • How’s your driving record? – Whether or not you get tickets has a big impact on rates. Drivers with clean records have lower premiums than people who have multiple driving citations. Only having one speeding ticket may increase your cost forty percent or more. Drivers with severe tickets such as hit and run, DWI or reckless driving convictions are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • High credit ratings translate to low rates – Having a bad credit score is a big factor in determining what you pay for car insurance. Drivers with good credit tend to file fewer claims and have better driving records than those with lower credit ratings. If your credit rating is low, you could save money insuring your 2014 Mazda MX-5 Miata by repairing your credit.
  • Liability coverage protects you – Your policy’s liability coverage will protect you if a court rules you are at fault for personal injury or accident damage. Liability provides legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Car features impact rates – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your vehicle from being stolen.
  • Do you qualify for a multi-policy discount? – The majority of car insurance companies provide better rates to people who have multiple policies with them in the form of a multi-policy discount. Even though this discount sounds good, you may still want to comparison shop to make sure you are getting the best deal.

Can switching companies really save?

Consumers can’t get away from ads for cheaper car insurance by companies like Geico, State Farm and Progressive. All the companies make an identical promise about savings if you switch to them.

But how can every company claim to save you money? This is how they do it.

All companies have a preferred profile for the type of driver that is profitable for them. For example, a preferred risk could possibly be between 25 and 40, has no prior claims, and has a short commute. A customer who fits that profile is entitled to the best price and most likely will cut their rates substantially.

Potential customers who fall outside the requirements will be charged higher premiums which usually ends up with the driver buying from a lower-cost company. The ads say “customers that switch” not “people who quote” save that much money. This is how companies can state the savings.

That is why it is so important to get as many quotes as possible. It’s just too difficult to predict which car insurance company will give you the biggest savings on Mazda MX-5 Miata insurance.

What insurance coverages do you need?

Learning about specific coverages of your policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find the usual coverages found on most insurance policies.

Comprehensive (Other than Collision) – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from flooding, hitting a deer, hitting a bird and falling objects. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage – This coverage will pay to fix damage to your MX-5 Miata resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like crashing into a building, hitting a mailbox, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers – This provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Mazda MX-5 Miata.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently these limits are similar to your liability insurance amounts.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like ambulance fees, EMT expenses, chiropractic care, surgery and hospital visits. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Liability coverages – Liability insurance can cover damages or injuries you inflict on other people or property. This coverage protects you from claims by other people. 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. As an example, you may have limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as funeral expenses, emergency aid, bail bonds, pain and suffering and attorney fees. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Better coverage you can count on

When buying insurance coverage, don’t be tempted to buy poor coverage just to save money. There are too many instances where an accident victim reduced comprehensive coverage or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Low-cost 2014 Mazda MX-5 Miata insurance can be sourced both online and with local insurance agents, so compare prices from both to get a complete price analysis. Some car insurance companies do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

Much more information about car insurance is located at the links below