Lower Your 1991 Mazda MX-5 Miata Car Insurance Rates

Locating budget-priced auto insurance is intimidating for vehicle owners new to comparing rates and buying auto insurance over the internet. With more and more companies, how are vehicle owners able to possibly compare each option to find cheaper auto insurance prices?

You should make it a habit to take a look at other company’s rates yearly because auto insurance prices change regularly. If you had the best deal on MX-5 Miata coverage a few years ago a different company probably has better premium rates today. Ignore everything you know about auto insurance because we’re going to show you the fastest and easiest way to properly buy coverages and cut your premium.

If you currently have car insurance, you should be able to lower your premiums substantially using this strategy. Locating affordable insurance coverage is simple if you know the tricks. Although car owners must understand how big insurance companies price insurance differently and use this information to your advantage.

Which auto insurance is cheapest?

Comparing auto insurance rates can take time and effort if you aren’t aware of the easiest way. You could waste a few hours discussing policy coverages with local insurance agents in your area, or you can utilize the web for quick rates.

Many popular insurance companies belong to an insurance system where prospective buyers enter their coverage request one time, and every company can provide price quotes based on that data. This saves time by eliminating quote forms to every company.

To find out how much you can save on auto insurance click here (opens in new window).

The only downside to using this type of form is that you can’t choose the companies you want to price. So if you prefer to pick individual companies to compare rates, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.

The approach you take is up to you, just ensure you’re using equivalent coverage limits and deductibles with every price quote. If you compare unequal deductibles or liability limits it’s impossible to truly determine the lowest rate. Just a small difference in coverages may result in large price differences. Keep in mind that obtaining a wide range of quotes provides better odds of finding the best price.

These discounts can lower your insurance coverage rates

Some companies don’t always list every disount available very clearly, so the list below contains both the well known and the harder-to-find ways to save on insurance coverage.

• Low Mileage Discounts – Low annual miles may enable drivers to earn lower rates on the low mileage vehicles.
• Air Bag Discount – Options like air bags or motorized seat belts can receive discounts of 20 to 30 percent.
• Braking Control Discount – Cars, trucks, and SUVs that have anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
• Drive Safe and Save – Drivers who avoid accidents can save as much as half off their rates on MX-5 Miata coverage compared to rates paid by drivers with frequent claims.
• Onboard Data Collection – Policyholders that allow driving data collection to track where and when they drive by using a telematic data system like Allstate’s Drivewise may see discounts as long as they are good drivers.
• Paperwork-free – Some of the larger companies will give a small break for buying your policy on your computer.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices can help prevent theft and therefore earn up to a 10% discount.
• No Claim Discounts – Drivers who don’t have accidents can save substantially as opposed to bad drivers.
• Professional Memberships – Being a member of a civic or occupational organization may earn a discount when shopping for insurance coverage.

You should keep in mind that most credits do not apply to all coverage premiums. Some only reduce individual premiums such as liability, collision or medical payments. Just because you may think you could get a free insurance coverage policy, you aren’t that lucky.

Large insurance coverage companies and some of the discounts can be read below.

• Geico has discounts for daytime running lights, defensive driver, anti-theft, multi-vehicle, anti-lock brakes, and air bags.
• MetLife policyholders can earn discounts including good driver, claim-free, accident-free, good student, defensive driver, and multi-policy.
• State Farm discounts include multiple autos, passive restraint, good student, safe vehicle, Steer Clear safe driver discount, good driver, and defensive driving training.
• Progressive offers premium reductions for online signing, online quote discount, good student, multi-policy, homeowner, and multi-vehicle.
• Mercury Insurance may offer discounts for anti-theft, low natural disaster claims, type of vehicle, age of vehicle, accident-free, professional/association, and location of vehicle.
• 21st Century may have discounts that include driver training, homeowners, student driver, anti-lock brakes, and defensive driver.
• Allstate offers discounts including eSmart discount, safe driver, passive restraint, anti-theft, and FullPay discount.

If you are trying to find affordable car insurance quotes, ask all the companies to apply every possible discount. A few discounts might not be offered in your area. To locate insurance companies with discount rates, click this link.

Components of your Mazda MX-5 Miata insurance premiums

Many factors are part of the equation when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but some are not quite as obvious like your continuous coverage and annual miles driven.

The list below includes some of the most common factors insurance companies consider when setting prices.

• Careless drivers pay higher costs – A bad driving record influences premium rates substantially. Having just one ticket could increase your next policy renewal to the point where it’s not affordable. Good drivers pay less for auto insurance than their less careful counterparts. Drivers with severe citations like reckless driving or DUI may find that they have to to submit a SR-22 form with their state’s department of motor vehicles in order to prevent their license from being revoked.
• Credit rating impact insurance prices – Having a good credit score will be a significant factor in calculating your insurance rates. People with high credit scores tend to file fewer claims than drivers who have bad credit. So if your credit score leaves room for improvement, you could potentially save money when insuring your 1991 Mazda MX-5 Miata if you clean up your credit.
• Don’t skimp on liability – The liability coverage on your policy kicks in in the event that you are found to be at fault for damages from an accident. Your policy’s liability insurance provides legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to comp and collision, so do not cut corners here.
• Safer the car lower the rate – Vehicles that have high safety ratings tend to be cheaper to insure. Vehicles built for safety protect occupants better and reduced instances of injuries translates directly to fewer claims and cheaper rates on your policy. If the Mazda MX-5 Miata has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
• Incidental coverages can cost a lot – Insurance policies have a lot of extra add-on coverages you can purchase on your insurance policy. Add-on coverages like replacement cost coverage, death and dismemberment, and extra life insurance coverage are probably not needed. These coverages may sound good at first, but your needs may have changed so eliminate the coverages to reduce your premium.
• Lower deductibles cost more – Deductibles for physical damage define the amount you are willing to pay if a claim is determined to be covered. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims are collision with another vehicle, hail damage, or theft of your vehicle. The more money you choose to pay out-of-pocket, the less money you will pay for insurance on MX-5 Miata coverage.
• Prevent theft and save – Owning a car that has a built-in theft deterrent system can help bring down rates. Systems that thwart theives such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop car theft.

Different people need different insurance coverage coverages

When buying the right insurance coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s.

For instance, these questions might point out if you would benefit from professional advice.

• Do I have coverage if my license is suspended?
• Am I covered if I hit my neighbor’s mailbox?
• Does liability extend to a camper or trailer?
• Why does it cost so much to insure a teen driver?
• Is my state a no-fault state?
• How do I buy GAP insurance?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Big brands don’t always mean big savings

Companies like State Farm, Allstate and Geico constantly bombard you with television and radio advertisements. They all try to convey promises that people will save if you just switch your coverage. That’s great but how can every company charge less that you’re paying now? This is the way they can do it.

Insurance companies provide the lowest rates for the type of driver that is profitable for them. For example, a profitable insured might have to be a mature driver, has other policies, and the vehicle is rated for pleasure use. A customer getting a price quote that matches those criteria will get very good rates as well as save quite a bit of money when switching.

Drivers who are not a match for these standards may receive higher prices which leads to the customer buying from a different company. The ad wording is “drivers who switch” not “all people who quote” save that much when switching. That’s why insurance companies can make those claims. This illustrates why it’s extremely important to do a price quote comparison at every renewal. Because you never know which company will fit you best based on your risk profile.

Auto insurance coverage options for a 1991 Mazda MX-5 Miata

Having a good grasp of a auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Liability

This can cover injuries or damage you cause to other people or property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability can pay for claims such as attorney fees, pain and suffering and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for bills for things like X-ray expenses, nursing services and dental work. They are used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Coverage for collisions

Collision insurance pays to fix your vehicle from damage caused by collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like sideswiping another vehicle, damaging your car on a curb, rolling your car, sustaining damage from a pot hole and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. 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 purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverages

Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, hail damage, hitting a bird, a tree branch falling on your vehicle and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

In any little way, save everyday

In this article, we covered a lot of ways to reduce 1991 Mazda MX-5 Miata insurance premium rates online. The most important thing to understand is the more times you quote, the better chance you’ll have of finding cheaper car insurance. Drivers may discover the lowest premium rates come from the least-expected company.

People change insurance companies for a variety of reasons including unfair underwriting practices, poor customer service, extreme rates for teen drivers and delays in responding to claim requests. It doesn’t matter why you want to switch choosing a new company can be easy and end up saving you some money.

When shopping online for insurance, make sure you don’t skimp on coverage in order to save money. There have been many situations where someone sacrificed collision coverage to discover at claim time that the small savings ended up costing them much more. Your objective should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

More tips and info about insurance is located by following these links:

• Understanding Limits and Deductibles (Allstate)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Car Insurance: When not to Skimp (BankRate.com)
• Learn About Car Insurance (Geico)