1992 Mazda MX-5 Miata Insurance Quotes – 8 Tips for Best Rates

No sane person likes buying insurance coverage, especially when they are aware that the price is too high. There are many insurers to pick from, and though it is a good thing to have a choice, it can be more challenging to find the lowest rates.

It’s a good idea to get comparison quotes at least once a year because insurance prices change frequently. Just because you had the best deal on MX-5 Miata insurance a year ago a different company probably has better premium rates today. There is too much inaccurate information about insurance coverage online but we’re going to give you some good information on how to buy insurance coverage cheaper.

First Step: Get free insurance quotes

Finding a lower price on 1992 Mazda MX-5 Miata insurance is not rocket science. All you need to do is invest a few minutes comparing rate quotes from some recommended companies. It’s super easy and can be done using a couple different methods.

• The fastest way to get the best comparison quotes is an all-inclusive rate comparison like this one (opens in new window). This form saves time by eliminating separate quotation requests for each company. Completing one form will get you price quotes from multiple low-cost companies.
• A different way to get quotes online requires you to visit the website for every company you want to comare and fill out their own quote form. For sake of this example, let’s assume you want to compare prices for State Farm, Allstate and Progressive. You would be required to go to every website to enter your coverage information, which can be really labor intensive.

  For a handy list of car insurance company links in your area, click here.

Compare rates however you want, just double check that you are using identical coverage information for each quote you get. If you enter different data you will not be able to determine the best price for your Mazda MX-5 Miata.

Use discounts on insurance coverage

Companies don’t always list all available discounts very clearly, so the following is a list of both well-publicized in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance online. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

• Service Members Pay Less – Being deployed with a military unit could trigger a small discount.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them complete a driver education course as it can save substantially.
• No Accidents – Drivers with accident-free driving histories can save substantially when compared to drivers who are more careless.
• Safety Restraint Discount – Buckling up and requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
• Good Student – This discount can earn a discount of 20% or more. The good student discount can last until age 25.
• Federal Government Employee – Simply working for the federal government can save as much as 8% on MX-5 Miata insurance but check with your company.
• Theft Prevention Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen with less frequency and that can save you a little bit as well.
• Paper-free Discount – A few larger online companies will give you a small discount for buying your policy digitally online.

Drivers should understand that most of the big mark downs will not be given to your bottom line cost. Most only apply to the price of certain insurance coverages like medical payments or collision. So when the math indicates you could get a free insurance coverage policy, it doesn’t quite work that way.

For a list of companies that provide some of the discounts listed above, click this link.

Tailor your insurance coverage to you

When buying coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. These are some specific questions might point out whether your personal situation might need an agent’s assistance.

• How much liability insurance is required?
• Do I need replacement cost coverage on my 1992 Mazda MX-5 Miata?
• What happens if I owe more than my 1992 Mazda MX-5 Miata is worth?
• Why do I need rental car insurance?
• Should I buy only the required minimum liability coverage?
• What vehicles should carry emergency assistance coverage?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.

Save 15 percent in 15 minutes? Is it for real?

Drivers can’t ignore all the ads for cheaper insurance by State Farm, Allstate and Geico. They all seem to advertise claims of big savings if you move your insurance policy to them.

That’s great but how can every company sell you cheaper insurance coverage? It’s all in the words they use.

Many companies have strict underwriting profiles for the type of customer that will most likely be profitable. An example of a preferred risk could possibly be between the ages of 30 and 45, has never had a claim, and the vehicle is rated for pleasure use. A propective insured that matches those criteria will probably get the lowest rates and most likely will save a lot if they switch.

Insureds who do not fit these criteria will probably be forced to pay higher premium rates and the customer buying from someone else. If you pay close attention to the ads, they say “drivers who switch” not “everybody who quotes” save money. That is how companies can state the savings. That is why you should compare rate quotes every year. It is just not possible to predict which company will provide you with the cheapest car insurance rates.

Auto insurance coverages

Having a good grasp of your car insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most car insurance policies.

Auto liability

Liability coverage will cover damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as medical services, repair costs for stationary objects, funeral expenses, repair bills for other people’s vehicles and loss of income. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for expenses like prosthetic devices, nursing services, X-ray expenses and ambulance fees. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive auto coverage

This pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hail damage, a broken windshield and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage protection

Collision coverage pays for damage to your MX-5 Miata resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as driving through your garage door, rolling your car, sustaining damage from a pot hole, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to get cheaper collision coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This provides protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Mazda MX-5 Miata.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Don’t break the bank

We’ve covered many ideas to reduce 1992 Mazda MX-5 Miata insurance auto insurance rates online. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the lowest priced car insurance comes from some of the lesser-known companies. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like Allstate, Geico and Progressive.

Lower-priced 1992 Mazda MX-5 Miata insurance is attainable on the web and also from your neighborhood agents, so you need to shop insurance with both in order to have the best chance of saving money. Some companies may not provide online price quotes and these small, regional companies sell through independent agents.

Additional resources

• Senior Drivers (Insurance Information Insitute)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Side Impact Crash Tests (iihs.org)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• Bodily Injury Coverage (Liberty Mutual)