2006 Mazda MX-5 Miata Car Insurance Cost

Trying to find better auto insurance rates for your Mazda MX-5 Miata? Having to pay for overpriced Mazda MX-5 Miata insurance can stress out your personal savings and force you to cut corners elsewhere.

Companies like Allstate, Progressive and GEICO all promote huge savings with catchy ads and consumers find it hard to ignore the propoganda and effectively compare rates to find the best deal.

If you are paying for car insurance now, you should be able to cut costs considerably using these methods. Finding affordable coverage is quite easy. Nevertheless, drivers must learn the way insurance companies compete online and apply this information to your search.

Shop insurance coverage online

When shopping for insurance coverage there are multiple ways to get quotes from local insurance coverage companies. The quickest method to find cheaper 2006 Mazda MX-5 Miata rates is to use the internet to compare rates. This is very easy and can be done using a couple different methods.

Hands down the most simple method to find low rates is to use a rate comparison form click to view form in new window. This easy form saves time by eliminating repetitive form entry for every company. Filling out one form will return price quotes from many national carriers.

A more time consuming way to find better pricing requires a trip to the website for every company you want to comare and go through the quote process again. For instance, let’s assume you need rates from Farmers, Esurance and American Family. You would need to spend time on each company’s site 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 least efficient and most time consuming method to get rate quotes is calling or driving to each insurance agency near you. Quoting online can eliminate the need for a local agent unless your situation requires the personal advice of a local agency. It is possible with some companies compare online quotes and have a local agent actually service the policy.

You can use whichever method you prefer to find lower rates, just try to use nearly identical coverage limits on every quote you get. If you are comparing different coverage information you will not be able to determine the best price for your Mazda MX-5 Miata. Even a minor difference in limits could throw off the whole comparison. Keep in mind that comparing more company’s prices increases the change that you will find a lower rate.

Discount auto insurance quotes

Some insurers do not list every discount in a way that’s easy to find, so the list below contains some of the best known and the more hidden credits that you can use to lower your rates.

  • Own a Home and Save – Owning your own home or condo can get you a discount since home ownership requires personal responsibility.
  • Anti-lock Brake System – Cars that have anti-lock braking systems have fewer accidents and will save you 10% or more.
  • Discounts for Good Drivers – Insureds without accidents can save as much as half off their rates for MX-5 Miata insurance as compared to drivers with claims.
  • Multiple Policy Discount – If you can combine your auto and homeowners policy and place coverage with the same company they may give you a discount of at least 10 to 15 percent or more.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying in monthly installments you can actually save on your bill.
  • Multi-car Discount – Insuring primary and secondary vehicles with the same company can reduce rates for all insured vehicles.
  • Drivers Ed for Students – It’s a good idea to have your young drivers complete a driver education course in school or through a local driver safety program.

You should keep in mind that some credits don’t apply to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. Even though it may seem like you would end up receiving a 100% discount, you aren’t that lucky.

Companies and a partial list of their discounts can be found below.

  • State Farm may offer discounts for passive restraint, multiple autos, good driver, anti-theft, safe vehicle, and student away at school.
  • GEICO policyholders can earn discounts including multi-policy, good student, emergency military deployment, air bags, five-year accident-free, and federal employee.
  • Liberty Mutual discounts include newly married, multi-car, multi-policy, good student, new graduate, exclusive group savings, and newly retired.
  • The Hartford offers premium reductions for vehicle fuel type, defensive driver, driver training, bundle, anti-theft, air bag, and good student.
  • MetLife may have discounts that include claim-free, accident-free, multi-policy, defensive driver, good driver, and good student.
  • Progressive offers discounts including homeowner, online quote discount, good student, continuous coverage, multi-policy, online signing, and multi-vehicle.

If you want inexpensive auto insurance quotes, ask every prospective company which discounts they offer. A few discounts may not apply to policies in your area. If you would like to choose from a list of providers with discount rates, click this link.

Tailor your insurance coverage coverage to you

When it comes to choosing proper insurance coverage, there really is no cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can help discover if you may require specific advice.

  • Should I buy more coverage than the required minimum liability coverage?
  • I don’t drive much so do I pay less?
  • What if I don’t agree with a claim settlement offer?
  • What is the minimum liability in my state?
  • Will I lose any money if I cancel my policy before it expires?
  • What is high-risk coverage and where do I buy it?
  • At what point should I drop full coverage?
  • How can I force my company to pay a claim?
  • Who is covered when they drive my 2006 Mazda MX-5 Miata?
  • Do I need to file an SR-22 for a DUI in my state?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area.

Coverages available on your auto insurance policy

Knowing the specifics of auto insurance helps when choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most auto insurance policies.

Medical expense coverage – Med pay and PIP coverage kick in for short-term medical expenses for hospital visits, rehabilitation expenses, dental work, prosthetic devices and doctor visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Uninsured or underinsured coverage – This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Mazda MX-5 Miata.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverages – Liability insurance can cover injuries or damage you cause to a person or their property. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, emergency aid and pain and suffering. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverages – Collision insurance covers damage to your MX-5 Miata resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like colliding with a tree, sustaining damage from a pot hole, hitting a parking meter and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like a broken windshield, damage from getting keyed and a tree branch falling on your vehicle. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Be a penny pincher

When buying insurance coverage, it’s very important that you do not reduce needed coverages to save money. There are many occasions where drivers have reduced uninsured motorist or liability limits only to discover later they didn’t purchase enough coverage. Your aim should be to buy enough coverage at the best cost and still be able to protect your assets.

A few companies may not have the ability to get quotes online and many times these smaller companies prefer to sell through independent insurance agencies. Budget-friendly car insurance is definitely available on the web as well as from insurance agents, and you should compare price quotes from both to have the best rate selection.

More information is available at the links below