2006 Mazda MX-5 Miata Insurance Cost – 8 Ideas for Best Prices

Trying to find the cheapest insurance for a new or used Mazda MX-5 Miata can normally be a painful process, but you can follow a few tricks to save time.

There is a right way and a wrong way to shop for auto insurance and you need to know the quickest way to price shop coverage for a new or used Mazda and locate the lowest price.

It’s a good habit to compare premium rates occasionally since prices change frequently. Just because you had the lowest rates for MX-5 Miata coverage last year you can probably find a lower rate today. Forget all the misinformation about auto insurance because we’re going to show you the tricks you need to know to save money, get proper coverage and the best rates.

How to find affordable car insurance

Effectively comparing car insurance prices can take time and effort if you don’t understand the fastest way to get free quotes. You can spend your afternoon talking to insurance agencies in your area, or you can utilize online quoting to quickly compare rates.

Most car insurance companies belong to a marketplace where insurance shoppers enter their policy data once, and each participating company then gives them pricing based on that data. This saves time by eliminating form submissions to each individual car insurance company.

To use this form to compare rates click here to start a free quote.

The only downside to using this type of system is that you can’t choose which providers to receive prices from. So if you prefer to choose from a list of companies to compare, we have assembled a list of low cost car insurance companies in your area. View list of insurance companies.

However you get your quotes, be sure you’re using equivalent coverage limits and deductibles for each price quote. If you enter different coverage information it will be impossible to determine the lowest rate for your Mazda MX-5 Miata.

Do you qualify for these eight discounts?

Insurance can be prohibitively expensive, but there could be available discounts that can help lower your rates. A few discounts will be applied at the time you complete a quote, but lesser-known reductions have to be asked about before being credited.

• Renewal Discounts – Some insurance companies provide a discount for switching to them before your current expiration date. This can save 10% or more.
• Claim Free – Drivers who stay claim-free pay much less in comparison with bad drivers.
• Theft Deterent Discount – Vehicles optioned with advanced anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.
• Multi-car Discount – Having more than one vehicle on a single policy qualifies for this discount.
• Good Student – Excelling in school may save as much as 25% on a insurance quote. Most companies allow this discount until age 25.
• Driver’s Ed – It’s a good idea to have your young drivers sucessfully take a drivers education course in high school.
• One Accident Forgiven – This one isn’t a discount, but a handful of insurance companies will forgive one accident without raising rates with the catch being you have to be claim-free for a certain period of time.
• Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts of more than 20%.

Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. So despite the fact that it appears you could get a free insurance coverage policy, company stockholders wouldn’t be very happy.

If you would like to see a list of insurance companies with the best discounts, click here.

Don’t assume everyone needs the same car insurance coverage

When choosing the right insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might help in determining whether or not you might need an agent’s assistance.

• Is pleasure use cheaper than using my 2006 Mazda MX-5 Miata to commute?
• Should I buy full coverage?
• Will I be non-renewed for getting a DUI or other conviction?
• Is my trailer covered?
• Why do I only qualify for high-risk insurance?
• Is business equipment covered while in my vehicle?
• Is extra glass coverage worth it?
• Am I covered when driving someone else’s vehicle?
• Where can I find DUI or SR-22 insurance?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Coverages available on your policy

Learning about specific coverages of a insurance policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Usually these coverages are set the same as your liablity limits.

Auto liability

This coverage can cover damage that occurs to other’s property or people in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like attorney fees, funeral expenses and bail bonds. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for EMT expenses, doctor visits and hospital visits. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like sideswiping another vehicle, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive protection

This coverage pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like rock chips in glass, theft, damage from flooding and hitting a bird. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Save for a rainy day

Cheap 2006 Mazda MX-5 Miata insurance is attainable on the web in addition to many insurance agents, so get free insurance quotes from both of them to have the best chance of lowering rates. Some insurance companies do not provide price quotes online and these smaller providers provide coverage only through independent insurance agencies.

Insureds change insurance companies for a variety of reasons including being labeled a high risk driver, questionable increases in premium, delays in paying claims and even extreme rates for teen drivers. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.

You just learned many ways to lower your 2006 Mazda MX-5 Miata insurance car insurance rates. The most important thing to understand is the more companies you get premium rates for, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced insurance comes from the smaller companies.

More resources

• Neck Injury FAQ (iihs.org)
• How to Avoid Staged Accidents (State Farm)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Senior Drivers (Insurance Information Insitute)