2011 Mazda MX-5 Miata Insurance Cost – 8 Tricks for Cheapest Prices

Trying to find the cheapest insurance rates for your Mazda MX-5 Miata? Tired of wondering where the money will come from to keep your car insured? You have the same problem as many other drivers. With so many insurance companies to choose from, it’s nearly impossible to choose a more affordable insurance company.

You should make it a habit to do price comparisons occasionally because insurance prices trend upward over time. Just because you had the best price on MX-5 Miata coverage at your last renewal you may be paying too much now. Forget all the misinformation about insurance because we’re going to show you one of the best ways to properly buy coverages and cut your premium.

Locating the cheapest auto insurance is quite easy. If you have insurance now or are looking for a new policy, you can learn to shop for the lowest rates and still get good coverage. Drivers only need an understanding of the proper way to compare price quotes online.

Cheaper rates by earning these eight discounts

Auto insurance can be pricey, but there are discounts available that you may not even be aware of. Certain discounts will be triggered automatically when you get a quote, but a few need to be asked for prior to getting the savings.

• Cautious Driver Discounts – Insureds without accidents may receive a discount up to 45% on MX-5 Miata coverage compared to rates paid by drivers with frequent claims.
• Homeowners Savings – Owning a house may trigger a policy discount on auto insurance because it demonstrates responsibility.
• First Accident Forgiveness – Not necessarily a discount, but certain companies will forgive one accident before hitting you with a surcharge if you have no claims for a particular time prior to the accident.
• Claim-Free Discount – Good drivers with no accidents get the best auto insurance rates in comparison to policyholders that have many claims.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.
• Defensive Driver Discount – Passing a class that teaches defensive driver techniques could cut 5% off your bill if your company offers it.
• Resident Student – Older children who are enrolled in higher education away from home and do not have a car may be insured at a cheaper rate.
• Employee of Federal Government – Being employed by or retired from a federal job may qualify for a discount when you quote insurance on MX-5 Miata coverage with some auto insurance companies.

As a sidenote, most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck.

Companies and a selection of discounts can be read below.

• Geico offers discounts for anti-lock brakes, five-year accident-free, membership and employees, good student, air bags, and military active duty.
• SAFECO includes discounts for teen safety rewards, bundle discounts, multi-car, teen safe driver, accident prevention training, drive less, and anti-theft.
• State Farm may include discounts for defensive driving training, safe vehicle, student away at school, multiple policy, Steer Clear safe driver discount, and good driver.
• MetLife may offer discounts for multi-policy, good driver, claim-free, accident-free, and defensive driver.
• 21st Century policyholders can earn discounts including good student, defensive driver, automatic seat belts, driver training, theft prevention, homeowners, and teen driver.
• Progressive has savings for continuous coverage, good student, online quote discount, homeowner, multi-policy, online signing, and multi-vehicle.

It’s a good idea to ask every company how you can save money. All car insurance discounts may not be offered in your area. If you would like to see a list of auto insurance companies with discount auto insurance rates, follow this link.

How much does insurance coverage cost?

Finding a lower price on 2011 Mazda MX-5 Miata insurance is a great way to save money. All that’s required is to take the time comparing rates to see which company has the cheapest insurance quotes. Rate comparisons can be done using a couple different methods.

Probably the best way to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This type of form saves time by eliminating repetitive form entry for every company. One quote request will get you rate comparisons from multiple companies.

A slightly less efficient method to compare prices requires a trip to the website for every company you want to comare and fill out a new quote form. For examples sake, let’s assume you want to compare prices for Nationwide, Esurance and Geico. To find out each rate you need to go to each individual site and enter your information, which can be really labor intensive. For a handy list of car insurance company links in your area, click here.

However you get your quotes, make sure you are using nearly identical quote data for every company. If you use different coverage information it’s not possible to determine the best price for your Mazda MX-5 Miata.

Your car insurance coverage should be tailored to you

When buying the best car insurance coverage for your vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different so this has to be addressed. These are some specific questions might help in determining whether or not you might need an agent’s assistance.

• What is UM/UIM insurance?
• Can I afford low physical damage deductibles?
• Should I buy additional glass protection?
• What is the difference between comprehensive and collision coverage?
• Is my teenager covered with friends in the car?
• Why do I only qualify for high-risk insurance?
• Which companies will insure high-risk drivers?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

Don’t believe everything you hear

Consumers can’t ignore all the ads that promise big savings by 21st Century, Allstate and State Farm. All the ads make the same claim about savings just by moving your car insurance coverage to their company.

How is it plausible that every one can cost less than your current company?

Companies quote their best rates for a prospective insured that will not have excessive claims. For example, a profitable customer might have to be between the ages of 30 and 50, has no claims, and drives newer vehicles. Anyone who matches that profile will get low premium rates and will pay quite a bit less when switching companies.

Insureds who fall outside those standards will be quoted higher rates which usually ends up with the customer buying from someone else. If you pay attention, the ads say “people that switch” but not “all drivers who get quotes” save that much money. That is how companies can truthfully claim big savings.

Different companies use different criteria so you absolutely need to get a wide range of price quotes. Because you never know with any certainty which company will fit you best based on your risk profile.

Car insurance policy specifics

Having a good grasp of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average car insurance policy.

Auto collision coverage

Collision coverage pays for damage to your MX-5 Miata from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as crashing into a ditch, crashing into a building, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mazda MX-5 Miata.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually these coverages are similar to your liability insurance amounts.

Coverage for liability

This will cover damages or injuries you inflict on other’s property or people by causing 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. As an example, you may have values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

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

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses such as dental work, nursing services and chiropractic care. They are used to fill the gap from your health insurance program or if you do not have health coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, theft and a tree branch falling on your vehicle. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Find Good Coverage for Less

Cheaper 2011 Mazda MX-5 Miata insurance is available both online and from local insurance agents, and you should be comparing both to have the best selection. Some insurance providers don’t offer the ability to get a quote online and many times these regional carriers work with local independent agents.

In this article, we presented quite a bit of information on how to compare 2011 Mazda MX-5 Miata insurance car insurance rates online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the biggest savings come from a lesser-known regional company. Regional companies can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate and Progressive.

For more information, link through to the resources below:

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Insuring a Leased Car (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Coverage Information (Progressive Insurance)
• Crash Avoidance Technologies FAQ (iihs.org)
• Things to Know Before you Cancel Insurance (Allstate)