1994 Mazda MX-5 Miata Insurance Quotes – 7 Tricks for Cheaper Rates

Trying to find better auto insurance rates for your Mazda MX-5 Miata? Being forced to pay for expensive auto insurance premiums can overdraw your monthly budget, especially in this economy.

Many insurers vie for your hard-earned dollar, so it’s not easy to compare every provider to find the absolute best price available.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using these methods. Finding the best rates is not that difficult. Although consumers need to have an understanding of the way companies market on the web and use this information to your advantage.

Compare quotes for car insurance

There are several ways to compare prices from different companies. The recommended way to find the lowest Mazda MX-5 Miata rates consists of obtaining rate quotes online. It is quite easy and can be accomplished using a couple different methods.

• The simplest way to get quotes is to use a rate comparison form click here to open form in new window. This method keeps you from doing a different quote for each company you want a rate for. Taking the time to complete one form gets you coverage quotes direct from many companies.
• A more difficult way to find more affordable insurance requires a trip to the website of each company and fill out a new quote form. For sake of this example, we’ll assume you want to see prices from Allstate, Progressive and American Family. In order to get each rate, you would have to spend time on each company’s site and repeatedly enter your information, which is not fast way to get rate quotes.

  To view a list of companies in your area, click here.

It’s up to you which method you use, but do your best to use nearly identical quote data for every company. If each company quotes higher or lower deductibles it will be impossible to decipher which rate is best. Slightly different coverage limits could throw off the whole comparison. It’s important to know that comparing all the rates in your area provides better odds of finding the best price.

Get cheaper insurance with discounts

Car insurance is not cheap, but companies offer discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time of quoting, but a few must be inquired about before being credited.

• Accident-Free Discounts – Claim-free drivers have much lower rates in comparison with bad drivers.
• Pay Upfront and Save – By paying your policy upfront as opposed to paying monthly you can actually save on your bill.
• Homeowners Savings – Owning a house may earn you a small savings since owning and maintaining a home demonstrates responsibility.
• Seat Belt Discounts – Forcing all vehicle occupants to wear their seat belts could cut 10% or more on medical payment and PIP coverage.
• Military Deployment Discount – Having a family member in the military could be rewarded with lower insurance rates.
• Accident Forgiveness Coverage – Not really a discount, but some insurance companies will forgive one accident without getting socked with a rate hike so long as you are claim-free for a specific time period.
• Onboard Data Collection – Drivers who agree to allow companies to monitor where and when they drive by using a telematic data system like Allstate’s Drivewise may see discounts if they have good driving habits.

Remember that most discounts do not apply to the overall cost of the policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like all those discounts means the company will pay you, nobody gets a free ride.

Popular insurance companies and some of their more popular discounts are:

• Geico may offer discounts for good student, emergency military deployment, federal employee, air bags, defensive driver, daytime running lights, and anti-lock brakes.
• Auto-Owners Insurance offers discounts including good student, anti-theft, multiple vehicles, company car, multi-policy, and safe driver.
• American Family may include discounts for multi-vehicle, accident-free, early bird, good student, bundled insurance, and TimeAway discount.
• Esurance offers premium reductions for defensive driver, Switch & Save, emergency road assistance, claim free, good driver, and online shopper.
• Progressive has discounts for multi-policy, online quote discount, online signing, homeowner, good student, and continuous coverage.
• State Farm policyholders can earn discounts including driver’s education, defensive driving training, Drive Safe & Save, safe vehicle, multiple autos, and Steer Clear safe driver discount.
• AAA discounts include multi-policy, education and occupation, good student, multi-car, AAA membership discount, and anti-theft.

If you want cheaper auto insurance quotes, ask each insurance company how you can save money. Savings may not apply to policies in your area. To see a list of insurance companies that offer multiple discounts, click here to view.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that can aid in determining if your situation may require specific advice.

• Are my friends covered when driving my car?
• Will filing a claim cost me more?
• Is my teen driver covered when they drive my company car?
• Am I covered if I hit a deer?
• Am I covered when driving in Canada or Mexico?
• Do I need PIP (personal injury protection) coverage in my state?
• Do I benefit by insuring my home with the same company?
• Who is covered when they drive my 1994 Mazda MX-5 Miata?
• Is my camper covered by my car insurance policy?
• Is my state a no-fault state?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Save $439 a year. For real?

Companies like Geico, State Farm and Progressive seem to constantly run television and radio advertisements. All the ads say the same thing that you can save if you switch your policy. How can each company give you a lower rate? This is the way they can do it.

Companies quote the lowest rates for the right customer that is profitable for them. One example of a preferred risk could possibly be over the age of 50, has never had a policy lapse, and drives a lower-performance vehicle. Any customer that fits those parameters receive the lowest rate quotes and will save when switching.

Consumers who don’t meet the ideal profile will probably be forced to pay a higher rate which usually ends up with the prospect going elsewhere. The trick companies use is to say “drivers that switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently state the savings. This emphasizes why you really need to get as many free auto insurance quotes as possible. It is impossible to predict which insurance companies will have the lowest premium rates for your situation.

Parts of your car insurance policy

Learning about specific coverages of your car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by car insurance companies.

Liability auto insurance

Liability insurance protects you from injuries or damage you cause to other people or property. Split limit liability has three limits of coverage: 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 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as pain and suffering, repair costs for stationary objects, medical services and medical expenses. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Mazda MX-5 Miata.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Auto collision coverage

This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as rolling your car, scraping a guard rail, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as rehabilitation expenses, X-ray expenses, funeral costs, ambulance fees and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, theft and vandalism. The most 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.

Compare but don’t skimp

When trying to cut insurance costs, don’t be tempted to skimp on coverage in order to save money. In many instances, someone dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.

Some companies do not provide internet price quotes and many times these small insurance companies sell through independent insurance agents. Cost effective 1994 Mazda MX-5 Miata insurance is possible on the web as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates.

Additional information is available at these links:

• Should I Buy a New or Used Car? (Allstate)
• State Car Insurance Guides (Geico)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)