Compare 1997 Mazda MX-5 Miata Insurance Cost

Finding low-cost insurance for a Mazda MX-5 Miata could be a lot of work, but you can learn these tips and make it easy.

There are more efficient ways to shop for insurance coverage and we’ll show you the quickest way to compare rates for a Mazda and get the cheapest rates from both online companies and local agents.

How you can control Mazda MX-5 Miata insurance premiums

Many different elements are used in the calculation when pricing auto insurance. Some factors are common sense like a motor vehicle report, but other criteria are more obscure like where you live and annual miles driven.

Listed below are just a few of the factors insurance coverage companies consider when setting your rates.

  • Bad credit will cost you – A driver’s credit rating can be an important factor in determining premium rates. Insureds that have excellent credit tend to be better drivers and file fewer claims than drivers who have lower ratings. If your credit leaves room for improvement, you could potentially save money when insuring your 1997 Mazda MX-5 Miata if you improve your credit rating.
  • Raise your comp and collision deductibles for better rates – The deductibles you choose tell how much you are willing to pay before a claim is paid by your company. Physical damage insurance, also known as collision and other-than-collision, covers damage that occurs to your car. Examples of some claims that would be covered are a windshield broken by a bird, hail damage, and having a roll-over accident. The more damage repair cost you’re willing to pay, the lower your rates will be on MX-5 Miata insurance.
  • Age of drivers impacts prices – Older drivers have been proven to be more responsible, cost insurance companies less in claims and get fewer tickets.Inexperience drivers are known to be inattentive in a vehicle therefore insurance coverage rates are much higher.
  • Responsible drivers pay less – Your driving record can have a huge impact on auto insurance premiums. Drivers who don’t get tickets get better prices as compared to those with violations. Getting just one chargable violation can increase the cost of insurance by as much as thirty percent. Drivers who have gotten multiple violations like reckless driving or DUI may be required to submit a SR-22 form with their state’s licensing department in order to prevent a license revocation.
  • Can a thief steal your car? – Choosing to buy a car with an alarm system can earn a premium discount. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms all help prevent your car from being stolen.
  • Getting married is a good thing – Having a wife or husband may cut your premiums on your insurance coverage bill. Having a significant other is viewed as being more stable financially and it’s statistically proven that being married results in fewer claims.
  • Don’t let your insurance coverage policy lapse – Allowing your insurance coverage policy to lapse is a sure-fire way to increase your insurance coverage rates. Not only will you pay more, getting caught without coverage may result in fines and jail time. You will then be forced to prove you have insurance by filing a SR-22 with your state department of motor vehicles.

Insurance coverage discounts help lower rates

Insurance coverage is not inexpensive, but companies offer discounts to reduce the price significantly. Many discounts should be triggered when you complete an application, but lesser-known reductions have to be asked about before you get the savings.

  • Accident Forgiveness – This one isn’t a discount, but some companies like Allstate and GEICO may permit one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
  • Defensive Driver – Participating in a defensive driving course could save 5% or more and make you a better driver.
  • Save with a New Car – Buying insurance coverage on a new vehicle can save up to 30% since newer vehicles have better safety ratings.
  • Auto/Home Discount – If you can combine your auto and homeowners policy with one company you may save over 10 percent off each policy depending on the company.
  • Professional Organizations – Having an affiliation with specific professional or occupational memberships or organizations may earn a discount when shopping for insurance coverage.

Policy discounts save money, but many deductions do not apply to your bottom line cost. Most cut individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears all the discounts add up to a free policy, companies wouldn’t make money that way.

To view insurers that offer discounts, follow this link.

Which is the best insurance?

When buying adequate coverage, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can aid in determining if your situation would benefit from an agent’s advice.

  • What is high-risk coverage and where do I buy it?
  • Does having multiple vehicles earn me a discount?
  • Are my tools covered if they get stolen from my vehicle?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I have coverage when pulling a U-Haul trailer?
  • Who is covered when they drive my 1997 Mazda MX-5 Miata?
  • Is my custom paint covered by insurance?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It is quick, free and may give you better protection.

Auto insurance 101

Learning about specific coverages of a insurance policy can help you determine the right coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Coverage for liability

This coverage can cover injuries or damage you cause to other people or property in an accident. This coverage protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as structural damage, repair bills for other people’s vehicles, pain and suffering, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your Mazda MX-5 Miata.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these limits are set the same as your liablity limits.

Medical expense coverage

Med pay and PIP coverage kick in for immediate expenses for things like doctor visits, chiropractic care, prosthetic devices, pain medications and X-ray expenses. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverage

This pays for damage to your MX-5 Miata from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, crashing into a building, colliding with another moving vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive protection

This covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, hail damage and rock chips in glass. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Stretch your dollar

People change insurance companies for many reasons like denial of a claim, policy non-renewal, delays in responding to claim requests and even high rates after DUI convictions. Regardless of your reason, finding a new company is easier than you think.

As you quote insurance coverage, do not sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced comprehensive coverage or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to find the BEST coverage at the best cost and still be able to protect your assets.

We’ve covered many ways to compare 1997 Mazda MX-5 Miata insurance rates online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. You may even find the lowest rates are with a small mutual company.

Additional car insurance information can be read at the links below