2016 Mazda MX-5 Miata Car Insurance Rates – 6 Tips for Cheaper Quotes

Buyers have a choice when searching for low-cost Mazda MX-5 Miata insurance. They can either waste time driving around getting price quotes or use the internet to get rate quotes.

There are both good and bad ways to shop for auto insurance so we’re going to tell you the absolute fastest way to compare rates for a Mazda and find the best price possible either online or from local insurance agents.

Cheap Insurance Comparisons

There are several ways to compare Mazda MX-5 Miata insurance prices and some are less labor-intensive and much quicker. You can spend countless hours driving to insurance agencies in your area, or you could use the web to get rates in a matter of minutes.

Most major companies participate in a marketplace where insurance shoppers send in one quote, and at least one company returns a rated price based on the submitted data. This saves time by eliminating repetitive form submissions to each individual insurance company. To find out how much you’re overpaying now click here to start a free quote.

The single downside to doing it this way is that you can’t choose the companies you want pricing from. So if you want to choose individual companies to request quotes from, we have assembled a list of insurance companies in your area. Click here for list of insurance companies.

However you get your quotes, ensure you are comparing the exact same quote information for every company. If you compare differing limits then you won’t be able to truly determine the lowest rate.

Pay less by taking advantage of these six discounts

The cost of insuring your cars can be expensive, but you may find discounts that can drop the cost substantially. Most are applied at the time you complete a quote, but some must be asked for before they will apply. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.
  • Discount for Swiching Early – Some companies give discounts for buying a policy prior to your current policy expiring. The savings is around 10%.
  • Senior Citizens – If you qualify as a senior citizen, you may receive a discount up to 10% on MX-5 Miata insurance.
  • Accident Waiver – A few companies will allow you to have one accident before your rates go up as long as you don’t have any claims for a set time period.
  • Government Employees – Simply working for the federal government can earn a discount up to 10% on MX-5 Miata insurance with select insurance companies.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.

Keep in mind that many deductions do not apply the the whole policy. Some only reduce individual premiums such as collision or personal injury protection. So when it seems like you would end up receiving a 100% discount, auto insurance companies aren’t that generous. Any qualifying discounts will cut your overall premium however.

Insurance companies that possibly offer some of the above discounts are:

It’s a good idea to ask every prospective company which discounts they offer. Some discounts might not apply everywhere.

Your coverage should be tailored to you

When it comes to choosing the best insurance coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine if you would benefit from an agent’s advice.

  • Does coverage extend to my business vehicle?
  • What exactly is covered by my policy?
  • Do I need replacement cost coverage on my 2016 Mazda MX-5 Miata?
  • When does my teenage driver need to be added to my policy?
  • Does my policy cover me when driving someone else’s vehicle?
  • Why do I need rental car insurance?
  • Should I buy full coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form. It is quick, free and can provide invaluable advice.

Are you falling for claims of savings?

Drivers can’t ignore all the ads for car insurance savings from the likes of 21st Century, Allstate and State Farm. They all make an identical promise about savings if you change your coverage to them.

How do they all say the same thing? This is how they do it.

All companies have a preferred profile for the driver they prefer to insure. For example, a desirable insured could be a mature driver, owns a home, and has excellent credit. Any new insured who matches those parameters will get the preferred rates and is almost guaranteed to cut their rates substantially.

Drivers who fall outside the requirements must pay higher premiums which leads to business going elsewhere. The ads state “customers who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can state the savings.

This illustrates why you need to compare many company’s rates. It’s not possible to predict the company that will have the lowest Mazda MX-5 Miata insurance rates.

What car insurance coverages do you need?

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

Collision coverage

This pays for damage to your MX-5 Miata resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with another moving vehicle, crashing into a ditch and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive coverages

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, theft and falling objects. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability

This can cover damages or injuries you inflict on other’s property or people in an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as structural damage, emergency aid and medical services. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.

Uninsured and underinsured coverage

This provides protection when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 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 important protection for you and your family. Frequently these limits are set the same as your liablity limits.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses for rehabilitation expenses, funeral costs and surgery. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Smart consumers save more

We just showed you some good ideas how you can shop for 2016 Mazda MX-5 Miata insurance online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the biggest savings come from the least-expected company.

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. There are a lot of situations where someone dropped liability coverage limits and found out when filing a claim that they should have had better coverage. Your goal should be to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.

Insureds who switch companies do it for many reasons like lack of trust in their agent, high prices, not issuing a premium refund and delays in responding to claim requests. Regardless of your reason for switching companies, choosing a new company can be pretty painless.

To read more, feel free to visit the articles below: