Cheap 2001 Mazda MX-5 Miata Insurance Cost

Searching for lower car insurance rates for your Mazda MX-5 Miata? Locating low-cost insurance for a Mazda MX-5 Miata can normally be a lot of work, but you can learn these tips to save time.

There are both good and bad ways to find car insurance online so you’re going to learn the best way to compare rates for a Mazda and obtain the lowest price either online or from local insurance agents.

Free car insurance rate quotes

Reducing your 2001 Mazda MX-5 Miata insurance rates is actually easier than you may think. All you need to do is invest a few minutes comparing rate quotes online from several insurance companies. This can be accomplished in just a few minutes using one of these methods.

Experts agree that the best way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This quick form keeps you from doing repetitive form submissions to each individual car insurance company. One form submission will return quotes instantly. It’s the fastest way to compare.
A more time consuming way to analyze rates requires visiting each company’s website to complete a price quote. For example, we’ll assume you want to compare rates from Allstate, State Farm and GEICO. You would need to go to each individual site to enter your coverage information, which is why first method is reommended. For a list of companies in your area, click here.

Compare rates however you want, just compare apples-to-apples deductibles and coverage limits with each company. If you are comparing differing limits it will be very difficult to get a fair rate comparison.

Tailor your car insurance coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Each situation is unique.

For example, these questions can help discover whether or not you would benefit from an agent’s advice.

Do I have newly-aquired coverage?
What should my uninsured motorist coverage limits be in my state?
How do I file an SR-22 for a DUI in my state?
Do I benefit by insuring my home with the same company?
How can I get high-risk coverage after a DUI?
When would I need rental car insurance?
Do I need PIP coverage since I have good health insurance?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and can help protect your family.

Learn about insurance coverages for a 2001 Mazda MX-5 Miata

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like funeral costs, surgery, rehabilitation expenses and X-ray expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally these coverages are similar to your liability insurance amounts.

Auto collision coverage

Collision insurance will pay to fix damage to your MX-5 Miata resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims like driving through your garage door, hitting a mailbox and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive insurance

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from flooding, hail damage, damage from getting keyed and fire damage. The highest amount 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.

Liability auto insurance

This will cover injuries or damage you cause to people or other property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims such as medical services, funeral expenses, loss of income, medical expenses and legal defense fees. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.