Save on 2007 Mazda MX-5 Miata Car Insurance Cost

Want better car insurance rates for your Mazda MX-5 Miata? Searching for the lowest price car insurance online can seem to be challenging for people not familiar with price shopping online. With a ridiculous number of online companies, how are people expected to be able to compare each option to find the lowest rates?

It’s smart to compare prices periodically since insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest price for MX-5 Miata insurance a couple years back you may be paying too much now. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to how to use the internet to find the best coverage while lowering your premiums.

If you currently have car insurance, you stand a good chance to be able to cut costs considerably using this strategy. Locating cheaper insurance coverage is not that difficult. But consumers can benefit from knowing how companies price insurance differently and use this information to your advantage.

Save a ton with these discounts

Companies don’t always advertise all disounts in a way that’s easy to find, so the following is a list of a few of the more well known and the more hidden discounts you could be receiving when you buy insurance coverage online.

  • Seat Belts Save – Requiring all passengers to fasten their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Good Student Discount – Getting good grades can save 20 to 25%. You can use this discount normally up to age 25.
  • Theft Deterent Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and qualify for as much as a 10% discount.
  • Braking Control Discount – Cars and trucks with ABS braking systems or traction control can avoid accidents so companies give up to a 10% discount.
  • Government Employee Discount – Being employed by or retired from a federal job can save as much as 8% for MX-5 Miata insurance depending on your insurance coverage provider.
  • Own a Home – Simply owning a home may trigger a policy discount on insurance coverage because owning a home demonstrates responsibility.
  • Service Members Pay Less – Being on active deployment in the military could be rewarded with lower rates.
  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education in school or through a local driver safety program.
  • Resident Student – Any of your kids who are attending college and leave their car at home can be insured at a reduced rate.

Just know that most of the big mark downs will not be given to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you could get a free insurance coverage policy, insurance companies wouldn’t stay in business.

A list of companies and a selection of discounts can be read below.

  • Farmers Insurance includes discounts for business and professional, homeowner, alternative fuel, good student, switch companies, mature driver, and bundle discounts.
  • Esurance offers premium reductions for paid-in-full, multi-policy, anti-lock brakes, safety device, and emergency road assistance.
  • State Farm has savings for multiple autos, accident-free, passive restraint, driver’s education, student away at school, good student, and Drive Safe & Save.
  • GEICO has discounts for anti-theft, multi-policy, five-year accident-free, multi-vehicle, air bags, and anti-lock brakes.
  • Allstate may have discounts that include utility vehicle, senior citizen, good student, resident student, defensive driver, premier plus, and multi-policy.

When getting free insurance coverage quotes, it’s a good idea to all the companies the best way to save money. Discounts may not apply in your area.

Car insurance can be complex

When it comes to buying the best car insurance coverage, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

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

  • Am I better off with higher deductibles on my 2007 Mazda MX-5 Miata?
  • Should I bundle my homeowners policy with my auto?
  • Is my babysitter covered when using my vehicle?
  • Do I need PIP coverage since I have good health insurance?
  • Do I need more liability coverage?
  • I have a DUI can I still get coverage?
  • How do I buy GAP insurance?
  • Am I covered when driving in Canada or Mexico?
  • When does my teenage driver need to be added to my policy?

If you can’t answer these questions, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form.

Don’t believe everything you hear

Well-known insurance companies like Progressive, Allstate and GEICO regularly use ads on TV and radio. All the ads seem to make the promise of big savings just by moving your insurance policy to them. Is it even possible that every company can claim to save you money? This is how they do it.

Insurance companies quote the lowest rates for the type of customer that is profitable for them. A good example of this type of risk profile should be over the age of 45, has no prior claims, and does not commute to work. Any new insured that hits that “sweet spot” will get the preferred car insurance rates and as a result will probably save if they switch.

People who don’t qualify for these stringent criteria may be required to pay higher premium rates which translates to the driver buying from a lower-cost company. If you pay attention, the ads say “drivers that switch” not “everyone that quotes” save that much money. That is how insurance companies can lure you into getting a quote.

Because each company has a different risk profile, you really need to compare price quotes frequently. Because without a comparison, you cannot know which insurance company will fit your personal profile best.

Car insurance coverage information

Learning about specific coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability coverage

This coverage can cover injuries or damage you cause to people or other property. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like attorney fees, bail bonds, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Comprehensive insurance

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 coverage protects against claims like hitting a deer, damage from a tornado or hurricane, a broken windshield, rock chips in glass and falling objects. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage

Collision insurance covers damage to your MX-5 Miata caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as sideswiping another vehicle, hitting a mailbox, rolling your car, crashing into a building and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for expenses for rehabilitation expenses, EMT expenses, pain medications, X-ray expenses and dental work. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Be a Smart Shopper

When searching for low cost insurance coverage quotes, it’s very important that you do not skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. Your focus should be to purchase plenty of coverage at the best cost.

Cheaper car insurance is attainable from both online companies as well as from independent agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. Some car insurance companies do not offer rates over the internet and many times these smaller providers only sell through independent agents.

We just covered quite a bit of information on how to get a better price on 2007 Mazda MX-5 Miata insurance. The key concept to understand is the more quotes you get, the better likelihood of getting the cheapest insurance coverage. Consumers could even find that the biggest savings come from a lesser-known regional company.

More detailed car insurance information can be read by following these links: