Cheap 2014 Mazda MX-5 Miata Insurance Rates

Trying to find cheaper auto insurance rates for your Mazda MX-5 Miata? If you’re new to shopping for insurance quotes online, you may be overwhelmed by the large number of companies that all say they have the best rates.

You need to shop coverage around once or twice a year because insurance prices are constantly changing. Just because you had the lowest quotes on MX-5 Miata coverage at your last renewal you will most likely find a better rate today. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to quote online to reduce your cost while increasing coverage.

Shop insurance online

Effectively comparing insurance prices can take hours if you don’t utilize the fastest way to get free quotes. You could spend your day driving to insurance agencies in your area, or you can stay home and use online quoting to accomplish the same thing much quicker.

Most of the best insurance companies enroll in a system where insurance shoppers enter their coverage request one time, and each company can give them a price. This saves time by eliminating quotation requests for every insurance company.

To access this free quoting program, click here to start a free quote.

The one disadvantage to pricing coverage this way is you can’t choose which insurance companies you want to price. So if you prefer to pick specific providers to compare, we put together a list of companies who write insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just ensure you’re using the exact same quote information on every quote. If your comparisons have different coverage information you will not be able to determine which rate is truly the best. Even a minor difference in coverages may result in a large different in cost. Keep in mind that comparing all the rates in your area provides better odds of finding better pricing. Not every company does prices over the internet, so it’s necessary to compare price quotes on coverage from those companies, too.

More discounts mean cheaper premiums

Insurance can cost an arm and a leg, but you may find discounts that may help make it more affordable. Larger premium reductions will be automatically applied at the time of purchase, but some discounts are required to be specially asked for prior to receiving the credit.

• Sign Early and Save – Select insurance companies give a discount for buying a policy before your current expiration date. It can save you around 10%.
• No Claim Discounts – Drivers with accident-free driving histories pay much less as opposed to bad drivers.
• Government Employee Discount – Federal government employees could cut as much as 10% off on MX-5 Miata coverage with a few insurance coverage companies.
• Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you may have a lower total premium amount.
• Discounts for New Vehicles – Insuring a new car may earn a small discount because newer vehicles are generally safer.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to the entire cost. Most only reduce individual premiums such as comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, you aren’t that lucky.

Car insurance companies that may offer most of these discounts include:

• State Farm
• Progressive
• Travelers
• American Family
• Liberty Mutual

If you need lower rates, check with every company what discounts are available to you. A few discounts might not be available to policyholders in your area.

It’s not one size fits all

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For example, these questions may help highlight whether or not you might need professional guidance.

• Can I rate high risk drivers on liability-only vehicles?
• Do I pay less for low miles?
• How can I find cheaper teen driver insurance?
• How do I buy GAP insurance?
• Do all my vehicles need collision coverage?
• What if I owe more than I can insure my car for?
• When should I buy a commercial auto policy?
• Can I get a multi-policy discount?
• Does my personal policy cover me when driving out-of-state?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form.

The coverage is in the details

Having a good grasp of a insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Collision coverage – Collision insurance covers damage to your MX-5 Miata resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as driving through your garage door, colliding with another moving vehicle, hitting a parking meter, hitting a mailbox and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Liability insurance – This coverage provides protection from damage that occurs to people or other property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like pain and suffering, structural damage, bail bonds and attorney fees. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

Comprehensive coverages – This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, theft, vandalism, damage from getting keyed and falling objects. The most a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like nursing services, EMT expenses, prosthetic devices, X-ray expenses and hospital visits. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Uninsured and underinsured coverage – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your 2014 Mazda MX-5 Miata.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits are identical to your policy’s liability coverage.