Cheap 2004 Mazda MX-5 Miata Insurance Quotes

Want the cheapest insurance coverage rates for your Mazda MX-5 Miata? Trying to find the cheapest insurance for a Mazda MX-5 Miata can be a painful process, but you can learn a few tricks to save time. There are more efficient ways to buy insurance coverage and you need to know the proper way to price shop coverage for a new or used Mazda and get the best price possible from both online companies and local agents.

You should take the time to check insurance coverage prices at least once a year since rates change regularly. Even if you think you had the best price for MX-5 Miata coverage six months ago a different company probably has better rates today. Block out anything you think you know about insurance coverage because we’re going to demonstrate one of the easiest ways to reduce your cost while improving coverage.

Parts of the Mazda MX-5 Miata rate equation

Smart consumers have a good feel for the different types of things that go into determining your insurance coverage rates. Knowing what determines base rates empowers consumers to make smart changes that may reward you with big savings.

  • Discounts for multiple policies – The majority of insurance companies provide better rates to insureds who consolidate policies with them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even with this discount, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible. Consumers may find better rates by splitting coverages up.
  • Low deductibles can be expensive – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Mazda. Some examples of claims that would be covered are running into the backend of another car, collision with an animal, and rolling your vehicle. Physical damage deductibles are how much you are required to spend if you file a covered claim. The higher the amount the insured has to pay upfront, the bigger discount you will receive for MX-5 Miata coverage.
  • Your occupation can affect rates – Did you know that where you work can have an impact on rates? Careers like doctors, executives and accountants have higher rates than average due to high stress and lots of time spent at work. On the flip side, occupations like pilots, athletes and performers get better rates for MX-5 Miata coverage.
  • Poor driving leads to higher costs – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one moving violation may increase your cost forty percent or more. Drivers with clean records have lower premiums than their less careful counterparts. Drivers with dangerous tickets like hit and run, DWI or reckless driving convictions are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent a license revocation.
  • Discounts for married couples – Having a spouse helps lower the price on your insurance coverage policy. Having a spouse translates into being more mature and responsible it has been statistically shown that drivers who are married are more cautious.

How to reduce Mazda MX-5 Miata insurance rates

Companies offering auto insurance don’t list every available discount very well, so here is a list both the well known as well as the least known auto insurance savings. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Air Bag Discount – Factory air bags or motorized seat belts may earn rate discounts up to 30%.
  • Student in College – Children who are attending college and do not have access to a covered vehicle may qualify for this discount.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
  • Club Memberships – Affiliation with certain professional organizations could trigger savings when buying auto insurance for MX-5 Miata coverage.

Keep in mind that many deductions do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like you could get a free auto insurance policy, companies don’t profit that way.

A partial list of companies that possibly offer these discounts are:

Double check with all companies you are considering what discounts are available to you. Some discounts might not be offered in your state.

Tailor your coverage to you

When buying the best insurance coverage, there is no single plan that fits everyone. Everyone’s situation is unique.

For instance, these questions can aid in determining if your insurance needs would benefit from professional advice.

  • Am I covered if I hit my neighbor’s mailbox?
  • Is business equipment covered while in my vehicle?
  • Does my 2004 Mazda MX-5 Miata need full coverage?
  • Will my insurance pay for OEM parts?
  • Should I sign the liability waiver when renting a car?
  • Do I need motorclub coverage?
  • Should I carry comprehensive and collision coverage?
  • When should I drop full coverage on my 2004 Mazda MX-5 Miata?
  • How much liability coverage do I need in my state?
  • Does coverage extend to Mexico or Canada?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form. It is quick, free and may give you better protection.

Auto insurance policy coverages for a Mazda MX-5 Miata

Having a good grasp of a auto insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement.

Medical expense insurance – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for hospital visits, funeral costs, doctor visits, ambulance fees and prosthetic devices. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as scraping a guard rail, crashing into a ditch, hitting a parking meter, colliding with another moving vehicle and colliding with a tree. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as falling objects, hail damage, damage from flooding, fire damage and a broken windshield. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Mazda MX-5 Miata.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Auto liability – This coverage will cover damage that occurs to other people or property by causing an accident. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

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. You commonly see values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things like repair costs for stationary objects, medical services, bail bonds and attorney fees. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Keep this in mind

Insureds switch companies for many reasons like an unsatisfactory settlement offer, unfair underwriting practices, questionable increases in premium and even high prices. Regardless of your reason for switching companies, finding a new company can be easier than you think.

When trying to cut insurance costs, never buy poor coverage just to save money. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits to discover at claim time they didn’t purchase enough coverage. Your focus should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

In this article, we presented a lot of information how to shop for 2004 Mazda MX-5 Miata insurance online. The key thing to remember is the more companies you get rates for, the better your comparison will be. Consumers could even find that the biggest savings come from an unexpected company.

Even more information is available by following these links: