Buyers have lots of choices when searching for the lowest priced Mazda MX-5 Miata insurance. They can either waste time contacting agents trying to get quotes or save time using the internet to make rate comparisons. There are both good and bad ways to find car insurance online so we’re going to tell you the quickest way to compare rates for a new or used Mazda and locate the best price possible either online or from local insurance agents.
It’s a good idea to price shop coverage periodically because prices are variable and change quite frequently. Just because you found the best rates on MX-5 Miata insurance two years ago you can probably find a better price now. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate how to use online quotes to buy cheaper car insurance.
Finding affordable coverage is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these tips. Nevertheless, consumers do need to learn how big insurance companies compete online because it can help you find the best coverage.
How to Get Cheap Car Insurance
The are a couple different ways of comparing price quotes and find the best price. The best way to compare insurance prices is simply to get online rate quotes. This is very easy and can be done using a couple different methods.
- The first (and easiest) way to find low rates is a comparison rater form click to view form in new window. This easy form eliminates the need for separate forms for every car insurance company. A single, simple form gets you price quotes from all major companies. It’s definitely the quickest method.
- A more difficult way to obtain and compare quotes online consists of visiting each company’s website to complete a price quote. For sake of this example, we’ll assume you want to compare rates from Auto-Owners, Farmers and American Family. To find out each rate you need to go to every website and enter your policy data, and that’s why the first method is more popular.
For a handy list of car insurance company links in your area, click here.
- The hardest way of comparing rate quotes is driving around to insurance agents’ offices. The ability to buy insurance online makes this process obsolete unless you have a need for the trained guidance of a local agent. However, consumers can get the lowest quotes online and get advice from an agent in your area and we’ll cover that in a bit.
Whichever method you choose, ensure you are comparing the exact same coverage information for every company. If you compare different limits and deductibles on each one you will not be able to determine the lowest rate for your Mazda MX-5 Miata. Having just a slight variation in coverage limits could mean much higher rates. Keep in mind that getting more free quotes will improve the odds of getting better pricing.
What determines your Mazda MX-5 Miata insurance premium
It’s important that you understand the rating factors that help determine the price you pay for car insurance. Understanding what determines base rates allows you to make educated decisions that could result in lower car insurance prices.
The following are a few of the “ingredients” companies use to determine premiums.
- Don’t skimp on liability – The liability section of your policy is the coverage that protects you if a jury decides you are liable for personal injury or accident damage. Liability insurance provides for a legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
- Equipment add-ons that lower car insurance rates – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your vehicle from being stolen.
- Rural vs Urban Areas – Choosing to live in a small town is a positive aspect when talking about car insurance. City drivers tend to have more traffic problems and a longer drive to work. Fewer people translates into fewer accidents and also fewer theft and vandalism claims.
- More claims means more premium – Car insurance companies give lower rates to policyholders who do not rely on their insurance for small claims. If you tend to file frequent claims, you can pretty much guarantee either higher rates or even cancellation. Car insurance is intended to be relied upon for larger claims.
- One company can mean more discounts – The majority of companies will give a discount to insureds who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, it’s in your best interest to comparison shop to ensure the best deal. Consumers may find a better deal by buying car insurance from a different company.
- High performance equals high price – The type of car you own makes a big difference in your rates. Due to the fact that the Mazda MX-5 Miata falls in the sports car class, insuring your vehicle will cost much more when compared to the average rates. Lower performance four cylinder passenger cars generally have the cheapest insurance rates, but there are many factors that impact the final cost.
- How credit affects car insurance rates – Having a bad credit score is a huge factor in calculating your car insurance rates. Therefore, if your credit score is lower than you’d like, you could potentially save money when insuring your Mazda MX-5 Miata by improving your credit score. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with poor credit.
- Lower deductibles cost more – Your deductibles represent how much money you are willing to pay if you file a covered claim. Physical damage insurance, also known as collision and other-than-collision, insures against damage to your car. Some examples of claims that would be covered would be colliding with a building, collision with an animal, or theft. The more the insured has to pay upfront, the lower your rates will be on MX-5 Miata insurance.
Take advantage of discounts
Companies don’t always publicize every discount in an easy-to-find place, so we took the time to find both the well known and also the lesser-known discounts you could be receiving.
- Safe Drivers – Insureds without accidents may save up to 50% more on MX-5 Miata insurance than drivers with accidents.
- Resident Student – Children who are attending college and do not have a car may qualify for this discount.
- Homeowners Savings – Owning a house can help you save on car insurance because of the fact that having a home shows financial diligence.
- Discount for Life Insurance – Some companies give a break if you buy life insurance from them.
- Sign Online – Certain companies give back up to $50 just for signing your application digitally online.
- Drive Less and Save – Fewer annual miles on your Mazda can earn better rates on cars that stay parked.
- Use Seat Belts – Buckling up and requiring all passengers to use their safety belts could cut 10% or more off your medical payments premium.
- Safety Course Discount – Completing a driver safety course can save you 5% or more and easily recoup the cost of the course.
- Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
- Club Memberships – Being a member of a civic or occupational organization could qualify you for a break when shopping for car insurance on MX-5 Miata insurance.
Drivers should understand that most of the big mark downs will not be given the the whole policy. Most only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like it’s possible to get free car insurance, you won’t be that lucky.
For a list of insurers offering car insurance discounts, follow this link.
How do I know if I need professional advice?
When buying coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different.
For example, these questions may help you determine if your insurance needs will benefit from professional help.
- Do I need PIP coverage since I have good health insurance?
- Can I rate high risk drivers on liability-only vehicles?
- Do I need higher deductibles?
- Are there companies who specialize in insuring high-risk drivers?
- Does my personal policy cover me when driving my company car?
- Is business equipment covered while in my vehicle?
- Are all vehicle passengers covered by medical payments coverage?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Are my tools covered if they get stolen from my vehicle?
- Is my Mazda MX-5 Miata covered for flood damage?
If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.
What if I want to buy from a local agent?
Some people prefer to buy from a local agent and there is nothing wrong with that. The best thing about comparing insurance prices online is you can get lower rates and still choose a local agent.
To find an agent, once you fill out this form (opens in new window), your insurance data is immediately sent to agents in your area who will compete for your coverage. You never need to visit any agencies due to the fact that quote results will go straight to your inbox. It doesn’t get any easier! You can find better rates and a licensed agent to work with.
Deciding on an insurance company should depend on more than just the price. Agents should be asked these questions:
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- What insurance companies do they recommend if they are an independent agent?
- How are they compensated?
- Does the company allow you to choose your own collision repair facility?
- Does the agency have a good rating with the Better Business Bureau?
- Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
- Which members of your family are coverage by the policy?
If you wish to view licensed agents in your state, visit this site.
Once you have received answers to your satisfaction to these questions and locked in a price quote, you may have just found an provider that meets your needs to insure your vehicles.
The best insurance company isn’t always the cheapest
As you go through the steps to switch your coverage, you should never reduce needed coverages to save money. Too many times, drivers have reduced full coverage only to find out that they should have had better coverage. The aim is to purchase plenty of coverage at an affordable rate.
The cheapest Mazda MX-5 Miata insurance can be found on the web as well as from independent agents in your state, and you should compare price quotes from both in order to have the best price selection to choose from. There are still a few companies who don’t offer online price quotes and most of the time these regional insurance providers sell through independent agents.
In this article, we presented a lot of ways to get a better price on Mazda MX-5 Miata insurance. The most important thing to understand is the more you quote, the better chance you’ll have of finding lower rates. You may even find the biggest savings come from the least-expected company.
