Cheaper 2007 Mazda MX-5 Miata Car Insurance Cost

Want better car insurance rates for your Mazda MX-5 Miata? Finding the most affordable car insurance on the internet can be somewhat difficult for people who are new to online price comaprisons. With dozens of online companies available, how can consumers even start to compare them all to find the lowest price?

It’s a good idea to get comparison quotes before your policy renews because insurance rates fluctuate regularly. Even if you think you had the lowest price for MX-5 Miata insurance a year ago there may be better deals available now. Ignore everything you know about car insurance because I’m going to let you in on the secrets to one of the quickest ways to reduce your cost while improving coverage.

Be sure to get all your discounts

Companies don’t always publicize all available discounts very clearly, so we researched both the well known and the more hidden ways to save on car insurance.

  • Safe Drivers – Drivers who avoid accidents may save up to 50% more for MX-5 Miata insurance than drivers with accidents.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Good Student Discount – Getting good grades can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Government Employees – Active or retired federal employment can save as much as 8% for MX-5 Miata insurance with select insurance companies.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy could earn a price break for each car.
  • Sign Early and Save – Some insurance companies reward drivers for switching to them prior to your current policy expiring. It can save you around 10%.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Distant Student – Any of your kids living away from home attending college without a vehicle on campus can be insured at a reduced rate.
  • No Claims – Drivers who don’t have accidents pay less when compared with drivers who are more careless.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. The majority will only reduce specific coverage prices like medical payments or collision. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.

Companies who might offer these discounts are:

It’s a good idea to ask each insurance company what discounts are available to you. All car insurance discounts might not be offered in your state.

How to Compare Insurance Coverage Rates

Most companies give coverage prices online. This process doesn’t take much effort as you just enter your personal and coverage information into a form. After you complete the form, their system pulls your driving and credit reports and returns a price quote based on these and other factors.

Being able to quote online streamlines rate comparisons, but having to visit each company’s website and repetitively type in the same information can be a bit tiresome and repetitive. Unfortunately, it is important to have as many quotes as possible if you are searching for a better rate.

The smarter way to compare rates uses one simple form that gets prices from more than one company. This type of form saves time, eliminates form submissions, and makes online price comparison much simpler. Immediately after you send the form, it gets priced with multiple companies and you can pick any or none of the resulting price quotes. If a lower price is quoted, you can click and sign and purchase coverage. It takes 15 minutes at the most and may save quite a bit of money.

To quickly find out what other companies charge, click here to open in new window and enter your vehicle and coverage information. If you have a policy now, it’s recommended you duplicate coverages and limits exactly as they are listed on your policy. Using the same limits helps guarantee you will be getting a rate comparison for the exact same coverage.

Factors that can influence insurance rates for a Mazda MX-5 Miata

Consumers need to have an understanding of the different types of things that help determine your car insurance rates. Knowing what determines base rates enables informed choices that will entitle you to better car insurance rates.

The following are a few of the “ingredients” car insurance companies consider when setting prices.

  • Where you live is a factor – Residing in a small town has it’s advantages when insuring your vehicles. Urban drivers tend to have congested traffic and longer commutes to work. Fewer drivers means a lower chance of having an accident.
  • A clean driving record saves money – Your driving record has a big impact on rates. Drivers with clean records have lower premiums than people who have multiple driving citations. Even one speeding ticket may increase your cost forty percent or more. Drivers who get severe violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
  • Multi-policy discounts can save money – Many insurance companies will award you with lower prices to insureds who carry more than one policy in the form of a multi-policy discount. If you currently are using one company, you still need to shop around to ensure the best deal. You may still find better rates by buying car insurance from a different company.
  • Protect your assets with liability insurance – Your policy’s liability coverage will protect you in the event that a jury decides you are liable for causing damage or personal injury in an accident. It provides for a legal defense up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Discounts for married couples – Having a wife or husband can get you a discount on your policy. Marriage is viewed as being more mature and it’s statistically proven that married couples file fewer claims.
  • Frequent car insurance claims increase rates – Companies award better rates to insureds who are claim-free. If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for larger claims.
  • Men fork out a little more – Statistics have proven that women are safer drivers than men. However, this does not mean men are worse drivers. Women and men tend to get into accidents in similar percentages, but men have costlier accidents. Men also get cited for more serious violations such as DWI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and are penalized with high car insurance rates.
  • Rate your vehicle for proper use – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Most companies apply a rate determined by how the vehicle is used. Cars used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Double check that your car insurance declarations sheet properly reflects the correct usage for each vehicle. Incorrect usage on your MX-5 Miata can cost quite a bit.

How do I know if I need professional advice?

When buying coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might point out if your situation would benefit from professional advice.

  • Am I covered when driving someone else’s vehicle?
  • Does coverage extend to Mexico or Canada?
  • Are rental cars covered under my policy?
  • When can I cancel my policy?
  • Do I need PIP coverage since I have good health insurance?
  • Should I get collision insurance on every vehicle?
  • If my pet gets injured in an accident are they covered?
  • What is the difference between comprehensive and collision coverage?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Auto insurance coverages and their meanings

Knowing the specifics of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Liability coverages

Liability coverage provides protection from damage that occurs to a person or their property. This coverage protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits 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 limit of $25,000 paid for damaged property.

Liability coverage pays for things like pain and suffering, legal defense fees and medical expenses. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Medical expense coverage

Med pay and PIP coverage pay for immediate expenses for things like chiropractic care, rehabilitation expenses, X-ray expenses, pain medications and surgery. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive protection

This covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as vandalism, falling objects, hitting a bird, damage from getting keyed and hitting a deer. The most your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured or underinsured coverage

This coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants 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. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage protection

This coverage covers damage to your MX-5 Miata resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like sideswiping another vehicle, crashing into a building, driving through your garage door and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Be Smart and Buy Smart

Drivers switch companies for a variety of reasons including an unsatisfactory settlement offer, not issuing a premium refund, being labeled a high risk driver and extreme rates for teen drivers. No matter why you want to switch, finding a new company is pretty easy and you might even save some money in the process.

Low-cost 2007 Mazda MX-5 Miata insurance is definitely available both online and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture. Some companies may not provide the ability to get a quote online and these smaller companies work with independent agents.

As you prepare to switch companies, it’s a bad idea to reduce coverage to reduce premium. There have been many situations where an insured dropped liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to buy the best coverage you can find for the lowest price while still protecting your assets.

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