2008 Mazda MX-5 Miata Insurance Quotes – 7 Tips for Cheapest Rates

Want better insurance rates for your Mazda MX-5 Miata? Pricey Mazda MX-5 Miata insurance can bleed your funds and put the squeeze on your family’s finances. Price shopping at each renewal is a fast and free way to slash your bill and have more diposable income.

There are many car insurance companies to buy insurance from, and although it’s nice to have multiple companies, more choices can make it harder to find the best rates for your vehicles.

Smart consumers take time to compare rates as often as possible because prices are constantly changing. Just because you had the best quotes for MX-5 Miata insurance a few years ago you will most likely find a better rate today. Block out anything you think you know about insurance because I’m going to let you in on the secrets to the best methods to eliminate unnecessary coverages and save money.

The purpose of this article is to introduce you to how to effectively get price quotes and some tips to save money. If you currently have car insurance, you will be able to lower your premiums substantially using these tips. But car owners do need to learn the way insurance companies determine prices and take advantage of how the system works.

Quote auto insurance online

There are several ways you can shop for auto insurance but there is one way that is less labor-intensive and much quicker. You could spend your day talking to insurance agencies in your area, or you could use online quotes to maximize your effort.

Many insurance companies belong to an insurance system where prospective buyers send in one quote, and each participating company returns a competitive quote based on that data. This prevents consumers from doing quote requests to each company.

To participate in this free quote system, click here (opens in new window).

The single downside to comparing rates this way is you can’t choose the providers to receive prices from. So if you want to select from a list of companies to compare rates, we have a listing of low cost auto insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just do your best to enter the same coverage limits and deductibles on every quote you get. If the quotes have mixed coverages you can’t possibly make a fair comparison for your Mazda MX-5 Miata. Slightly different insurance coverages or limits may result in large price differences. Just keep in mind that comparing a large number of companies helps locate the best price.

Discounts can really help to save

Car insurance can cost a lot, but there’s a good chance there are discounts to help offset the cost. Many discounts should be triggered at the time you complete a quote, but once in a while a discount must be asked for in order for you to get them.

• First Accident Forgiveness – This isn’t a discount exactly, but companies like State Farm, Progressive and Geico will let one accident slide without the usual rate increase so long as you haven’t had any claims for a set time period.
• Renewal Discounts – Some insurance companies reward drivers for buying a new policy before your current policy expires. The savings is around 10%.
• Discounts for Cautious Drivers – Accident-free drivers could pay up to 40% less for MX-5 Miata insurance than less cautious drivers.
• Employee of Federal Government – Federal government employees may reduce rates when you quote insurance coverage for MX-5 Miata insurance but check with your company.
• ABS Brakes – Cars, trucks, and SUVs equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
• No Claim Discounts – Drivers who don’t have accidents have much lower rates compared to insureds who have frequent claims or accidents.
• Save with a New Car – Insuring a new car may earn a small discount due to better safety requirements for newer vehicles.

Please keep in mind that most credits do not apply the the whole policy. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

Companies that possibly offer many of the previously listed discounts include:

• AAA
• Progressive
• State Farm
• Esurance
• Nationwide

It’s a good idea to ask every company which discounts you qualify for. Depending on the company, some discounts may not apply in your state. If you would like to see a list of insurers that offer many of these discounts, click here to view.

Will just any policy work for me?

When choosing proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Every insured’s situation is different so this has to be addressed. For example, these questions might help in determining whether your personal situation would benefit from professional advice.

• How much liability coverage do I need in my state?
• Should I have combined single limit or split liability limits?
• Will my rates increase for filing one claim?
• Can I afford to pay high deductible claims out of pocket?
• Is business equipment covered while in my vehicle?
• Do I need more liability coverage?

If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance coverage considerations

Understanding the coverages of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by insurance companies.

Liability insurance

This coverage provides protection from injuries or damage you cause to a person or their property that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things such as funeral expenses, pain and suffering and legal defense fees. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for prosthetic devices, EMT expenses and surgery. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Comprehensive coverage (or Other than Collision)

This coverage pays for 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 pays for things like hitting a deer, hail damage and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision coverage protection

Collision insurance covers damage to your MX-5 Miata from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as sustaining damage from a pot hole, hitting a mailbox, sideswiping another vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.