2003 Mazda MX-5 Miata Car Insurance Rates – 10 Ways to Save

Searching for cheaper insurance coverage rates? Consumers have many options when looking for affordable Mazda MX-5 Miata insurance. You can either waste hours calling around trying to get quotes or utilize the internet to get rate quotes.

There are both good and bad ways to shop for insurance coverage so you’re going to learn the proper way to quote coverages for a Mazda and obtain the cheapest rates either online or from local insurance agents.

More discounts mean cheaper premiums

Some insurers do not advertise every disount available very clearly, so the following list contains some of the best known and the more hidden ways to save on insurance.

• Seat Belts Save – Requiring all passengers to wear their seat belts may be able to save a few bucks off the medical payments premium.
• Driver Training Discounts – Taking part in a course teaching driver safety skills could save 5% or more and easily pay for the cost of the class.
• Theft Deterent System – Anti-theft and alarm system equipped vehicles are less likely to be stolen so companies will give you a small discount.
• Sign Early and Save – Select insurance companies give a discount for signing up early. It could save around 10% when you buy insurance online.
• Driver Education Discount – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course in school or through a local driver safety program.
• Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
• Discounts for Government Workers – Active or former government employment could qualify for a slight premium decrease on MX-5 Miata coverage depending on your company.
• New Car Discount – Buying a new car instead of a used car is cheaper because new model year vehicles keep occupants safer.
• Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on insurance quote as opposed to bad drivers.
• Senior Citizen Rates – Older drivers can possibly qualify for lower premium rates on MX-5 Miata coverage.

A little disclaimer on discounts, most discounts do not apply to all coverage premiums. A few only apply to individual premiums such as physical damage coverage or medical payments. Even though it appears having all the discounts means you get insurance for free, you’re out of luck.

A partial list of companies that have these money-saving discounts include:

• State Farm
• Geico
• Progressive
• 21st Century
• American Family
• The Hartford
• AAA

When getting a coverage quote, ask all companies you are considering which discounts you qualify for. Some of the earlier mentioned discounts might not be available to policyholders in your area. To locate insurers that offer the discounts shown above, click here to view.

Where can I get the cheapest insurance coverage?

There are several ways to compare insurance coverage quotes, and some are easier and takes less work. You could spend your day talking to insurance agencies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Many popular insurance companies belong to an insurance system that allows shoppers to only type in their quote data once, and each company then returns a price quote for coverage. This prevents consumers from doing form submissions to each individual insurance coverage company.

To submit your quote information now, click to open in new window.

The single downside to pricing coverage this way is you are unable to specify which insurance companies you want to price. So if you want to select specific insurance companies for rate comparison, we have assembled a list of the cheapest insurance coverage companies in your area. Click to view list.

It’s your choice how you get your quotes, but double check that you are using exactly the same coverage data for every company. If each company quotes higher or lower deductibles you can’t possibly determine the lowest rate for your Mazda MX-5 Miata.

It’s not one size fits all

When choosing the best car insurance coverage, there really is not a one size fits all plan. Everyone’s needs are different.

For instance, these questions may help highlight whether you might need professional guidance.

• Why do I need rental car insurance?
• If I drive on a suspended license am I covered?
• Is my Mazda MX-5 Miata covered if I use it for business?
• Why am I required to buy high-risk coverage?
• Should I get collision insurance on every vehicle?
• Does insurance cover damages from a DUI accident?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• Do I need replacement cost coverage?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.

Coverage specifics

Knowing the specifics of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Liability – This coverage will cover injuries or damage you cause to other’s property or people that is your fault. This coverage protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims like attorney fees, court costs, repair costs for stationary objects, pain and suffering and loss of income. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverage – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a deer, falling objects, hitting a bird, a broken windshield and theft. The most a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for funeral costs, surgery and ambulance fees. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage – Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as hitting a parking meter, backing into a parked car, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Mazda MX-5 Miata.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Online plus local equals savings

We just covered many tips how you can compare 2003 Mazda MX-5 Miata insurance prices online. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may even discover the lowest prices come from the least-expected company.

Drivers leave their current company for any number of reasons including policy non-renewal, denial of a claim, unfair underwriting practices and high prices. It doesn’t matter why you want to switch finding the right car insurance provider can be less work than you think.

Discount 2003 Mazda MX-5 Miata insurance is definitely available from both online companies as well as from insurance agents, so get free insurance quotes from both of them to get a complete price analysis. Some car insurance companies may not provide rates over the internet and most of the time these small insurance companies provide coverage only through independent insurance agents.

For more information, feel free to visit the articles below:

• Parking Tips to Reduce Door Dings (State Farm)
• What is a Telematics Device? (Allstate)
• Child Safety FAQ (iihs.org)
• Medical Payments Coverage (Liberty Mutual)