How Much Does 2004 Mazda Mazdaspeed MX-5 Miata Insurance Cost?

Want cheaper car insurance rates for your Mazda Mazdaspeed MX-5 Miata? If you are new to online price comparisons, chances are good that you are baffled thanks to the incredible selection insurance agents and companies offering coverage.

The purpose of this post is to help you learn how car insurance quotes work. If you currently have a car insurance policy, you will most likely be able to save some money using this strategy. Although vehicle owners can benefit from knowing the methods companies use to sell insurance online and take advantage of how the system works.

The fastest way that we advise to compare policy rates utilizes the fact auto insurance companies allow for online access to provide you with free rate quotes. The one thing you need to do is provide a small amount of information such as level of coverage desired, driver ages, what you do for a living, and whether your vehicle is owned or leased. Your rating data is sent automatically to many highly-rated insurers and they return quotes instantly to find the best rate.

Insurance Discounts

The cost of insuring your cars can be expensive, but you might already qualify for some discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically at quote time, but some must be requested specifically before you will receive the discount. If you check and find you aren’t receiving every discount possible, you may be paying too high a price.

• Driver Education Discount – It’s a good idea to have your young drivers successfully complete driver’s ed class in school.
• Resident Student – Kids living away from home attending college and do not have access to a covered vehicle may be insured at a cheaper rate.
• Military Deployment Discount – Having a deployed family member may lower your insurance rates slightly.
• Good Driver Discount – Drivers who avoid accidents can pay as much as 50% less for Mazdaspeed MX-5 Miata coverage than drivers with accident claims.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and that can save you a little bit as well.
• Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to use their safety belts could save 15% off the PIP or medical payment premium.
• Air Bag Discount – Options like air bags can receive discounts up to 30%.
• Save with a New Car – Buying coverage on a new vehicle can save you some money due to better safety requirements for new model year vehicles.

Keep in mind that many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like comp or med pay. Even though it appears adding up those discounts means a free policy, it’s just not the way it works.

Large insurance companies and some of their more popular discounts are detailed below.

• Geico offers premium reductions for multi-policy, military active duty, defensive driver, good student, and emergency military deployment.
• MetLife offers discounts for accident-free, defensive driver, multi-policy, good student, and claim-free.
• Progressive offers discounts including online quote discount, multi-policy, multi-vehicle, homeowner, continuous coverage, good student, and online signing.
• Travelers policyholders can earn discounts including continuous insurance, early quote, multi-policy, save driver, and payment discounts.
• SAFECO includes discounts for teen safe driver, teen safety rewards, drive less, safe driver, accident prevention training, and multi-car.
• AAA discounts include pay-in-full, good student, good driver, education and occupation, AAA membership discount, multi-car, and multi-policy.

When comparing rates, check with each company the best way to save money. Discounts may not apply to policies everywhere. If you would like to choose from a list of providers with discount insurance rates, follow this link.

Tailor your insurance coverage to you

When it comes to buying the right insurance coverage for your vehicles, there is no best way to insure your cars. Every situation is different.

These are some specific questions may help you determine whether or not you would benefit from an agent’s advice.

• Am I covered when driving on a suspended license?
• Can I rent a car in Mexico?
• Do I need to file an SR-22 for a DUI in my state?
• I have a DUI can I still get coverage?
• What is the difference between comprehensive and collision coverage?
• Should I buy more coverage than the required minimum liability coverage?
• What are the best liability limits?
• When should I not file a claim?
• When should I buy a commercial auto policy?
• Do I have any recourse if my insurance company denies a claim?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form.

What determines Mazda Mazdaspeed MX-5 Miata insurance rates?

Smart consumers have a good feel for the different types of things that are used to determine auto insurance rates. If you know what controls the rates you pay, this allows you to make good choices that may reward you with better auto insurance rates. Lots of things are used in the calculation when quoting car insurance. Some are pretty understandable like your driving record, although others are not quite as obvious such as your marital status or how safe your car is.

The following are just a few of the factors used by your company to calculate premiums.

• Low physical damage deductibles cost more – Coverage for physical damage, also known as collision and other-than-collision, helps pay for damage to your vehicle. Some examples of covered claims are a broken side mirror, hail damage, or theft. Physical damage deductibles are how much you are willing to pay if you file a covered claim. The higher the amount the insured is willing to pay, the less money you will pay for auto insurance for Mazdaspeed MX-5 Miata coverage.
• Policy add-ons can waste money – There are many additional coverages that you can buy if you aren’t careful. Coverage for things like rental car coverage, accident forgiveness, and term life insurance may not be needed and are just wasting money. These may sound like a good investment when deciding what coverages you need, but if you’ve never needed them in the past get rid of them and save.
• Where you live is a factor – Living in a rural area is a good thing when talking about auto insurance. Fewer drivers and short commutes translates into fewer accident claims and lower theft and vandalism rates. City drivers have more traffic problems and much longer commute distances. Spending more time driving translates into higher accident risk.
• File auto insurance claims and pay more – If you tend to file frequent claims, you can definitely plan on higher rates. Companies give cheaper rates to policyholders who only file infrequent claims. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
• Single drivers take more risk – Your spouse can get you a discount on auto insurance. It demonstrates that you tend to be more financially stable it has been statistically shown that drivers who are married file infrequent claims.

Coverage specifics

Learning about specific coverages of your insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.

Auto liability insurance

Liability coverage protects you from injuries or damage you cause to people or other property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

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. Your policy might show policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like structural damage, emergency aid and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This 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 your vehicle’s damage.

Since a lot of 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 should not be overlooked. Usually these limits are set the same as your liablity limits.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, sideswiping another vehicle, backing into a parked car, sustaining damage from a pot hole and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, falling objects, damage from getting keyed, damage from flooding and damage from a tornado or hurricane. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for X-ray expenses, hospital visits and ambulance fees. They are used in conjunction with a health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Be a Smart Shopper

When searching for cheaper insurance coverage quotes, you should never reduce coverage to reduce premium. In many instances, an insured dropped liability limits or collision coverage only to find out that the savings was not a smart move. Your aim should be to buy the best coverage you can find at the best cost, but do not sacrifice coverage to save money.

More affordable insurance is definitely available from both online companies and from local agencies, and you should be comparing both so you have a total pricing picture. Some companies do not offer the ability to get quotes online and these smaller companies only sell coverage through independent agents.

Consumers who switch companies do it for any number of reasons including poor customer service, not issuing a premium refund, high rates after DUI convictions or even lack of trust in their agent. It doesn’t matter what your reason, switching companies is not as hard as you think.

Additional detailed information can be read by following these links:

• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)
• Frontal Crash Tests (iihs.org)
• Liability Insurance Coverage (Nationwide)