Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 23, 2018

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Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

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Feel like you’re a prisoner to high-priced insurance? Trust us when we tell you there are lots of residents who feel the same.

Consumers have so many insurers to insure vehicles with, and although it’s a good thing to have multiple companies, so many choices can make it hard to get the best deal.

Buying affordable protection is simple if you know the tricks. Basically, every vehicle owner who has to buy insurance stands a good chance to be able to find better rates. Nevertheless, car owners must comprehend the way companies price insurance differently.

Car Insurance Discounts

Car insurance is neither fun to buy or cheap, but you may find discounts to reduce the price significantly. Some trigger automatically at the time you complete a quote, but some need to be manually applied before you get the savings.

  • Air Bags and Passive Restraints – Factory air bags or automatic seat belts may get savings of up to 25% or more.
  • Discounts for Good Drivers – Insureds who avoid accidents may save up to 50% more on MX-5 Miata insurance than drivers with accidents.
  • Paper-free Discount – Some insurance companies will discount your bill up to fifty bucks for completing your application on the internet.
  • Renewal Discounts – A few companies give discounts for renewing your policy prior to the expiration date on your current policy. This can save 10% or more.
  • No Accidents – Drivers who stay claim-free pay less compared to insureds who have frequent claims or accidents.
  • Buy New and Save – Insuring a new car can save up to 30% because new vehicles have to meet stringent safety requirements.

As is typical with insurance, some credits don’t apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, you’re out of luck. Any amount of discount will cut your policy cost.

A list of car insurance companies and their offered discounts are shown below.

  • State Farm may include discounts for good student, multiple policy, Steer Clear safe driver discount, Drive Safe & Save, and defensive driving training.
  • American Family may offer discounts for TimeAway discount, accident-free, multi-vehicle, good student, mySafetyValet, Steer into Savings, and air bags.
  • GEICO policyholders can earn discounts including seat belt use, multi-vehicle, air bags, defensive driver, federal employee, multi-policy, and anti-lock brakes.
  • 21st Century has savings for good student, homeowners, theft prevention, early bird, air bags, and driver training.
  • Progressive includes discounts for good student, online signing, multi-vehicle, online quote discount, homeowner, and continuous coverage.

Double check with each company or agent to apply every possible discount. All car insurance discounts may not apply to policies in every state. To locate companies that offer the discounts shown above, follow this link.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Insurance rates are influenced by these factors

Consumers need to have an understanding of some of the things that play a part in calculating your insurance rates. When you know what positively or negatively determines base rates, this enables informed choices that will entitle you to better insurance rates. Lots of factors are considered when you get your auto insurance bill. Some are pretty understandable like your driving record, but others are more obscure like where you live or your vehicle rating.

The items below are some of the most rate-impacting factors insurance companies consider when setting your rates.

  • Buy a safe car and pay less – Vehicles that have high safety ratings can get you lower premiums. Safer cars reduce injuries and fewer injuries means your insurance company pays less and lower rates for you. If the Mazda MX-5 Miata scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
  • Insurance policy lapses increase insurance rates – Driving with no insurance is against the law and you may have a hard time finding new coverage because you let your insurance lapse for non-payment. Not only will you pay more, getting caught without coverage will get you a revoked license or a big fine. You may then be required to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
  • Pay more by driving carelessly – Careful drivers have lower premiums than people who have multiple driving citations. Having just one moving violation may cause rates to rise twenty percent or more. Drivers who have gotten careless citations like DUI, reckless driving or excessive speeding may be required to maintain a SR-22 with their state’s department of motor vehicles in order to prevent their license from being revoked.
  • Employer stress can affect rates – Jobs like judgespolice officers and dentists have higher rates than the rest of us due to job stress and long work days. Other careers like farmers, athletes and the unemployed get better rates on MX-5 Miata insurance.
  • Cheaper rates after marriage – Getting married may cut your premiums when buying insurance. It is viewed as being more mature and statistics prove drivers who are married file infrequent claims.
  • Better credit means lower prices – Having a bad credit rating can be an important factor in determining what you pay for insurance. If your credit history can be improved, you could pay less to insure your 1990 Mazda MX-5 Miata if you improve your credit rating. People with high credit scores tend to be more responsible and file fewer claims as compared to drivers with poor credit scores.
  • Cheaper insurance rates using alarms and GPS tracking – Choosing to buy a car with advanced anti-theft systems can help lower your premiums. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.
  • Multiple policies with one company can save – Some companies give better rates to insureds who have multiple policies with them in the form of a multi-policy discount. Even with this discount applied, consumers should still compare other insurance prices to confirm you are receiving the best rates possible. You may still be able to save even more by insuring with multiple companies.

Tailor your insurance coverage coverage to you

When it comes to choosing adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different so this has to be addressed. These are some specific questions could help you determine if your insurance needs may require specific advice.

  • Is other people’s property covered if stolen from my vehicle?
  • Is my dog or cat covered if injured in an accident?
  • I have health insurance so do I need medical payments coverage?
  • What is covered by UM/UIM coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does my 1990 Mazda MX-5 Miata need full coverage?
  • What is the minimum liability in my state?
  • Should I buy only the required minimum liability coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Drivers who switch save $439 a year? Really?

Big name companies like State Farm, Allstate and GEICO seem to constantly run television and radio advertisements. All the ads seem to make the promise that you can save if you change your policy. How does every company lower your car insurance rates? It’s all in the wording.

All companies offer their best rates for the type of insured that is profitable for them. For instance, a desirable risk might be between the ages of 30 and 45, owns a home, and drives a safe vehicle. Any driver who fits that profile gets the lowest prices and therefore will pay quite a bit less when switching companies.

Potential insureds who do not match this stringent profile will probably have to pay a higher premium with the end result being the customer not purchasing. If you pay close attention to the ads, they say “drivers who switch” not “everyone who quotes” save that much. That is how insurance companies can confidently make those claims.

Because of these techniques, drivers should get price quotes at each policy renewal. It is just not possible to predict which auto insurance company will fit your personal profile best.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Detailed coverages of your auto insurance policy

Knowing the specifics of your policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on most auto insurance policies.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as sustaining damage from a pot hole, backing into a parked car, hitting a mailbox and scraping a guard rail. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Liability insurance

This coverage will cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against things like court costs, structural damage and loss of income. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a broken windshield, vandalism and falling objects. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for X-ray expenses, chiropractic care, rehabilitation expenses and dental work. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

UM/UIM Coverage

This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as damage to your Mazda MX-5 Miata.

Since a lot of drivers 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. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

At the end of the day…

We covered a lot of ways to reduce 1990 Mazda MX-5 Miata insurance premium rates online. The key concept to understand is the more rate comparisons you have, the better likelihood of getting low cost car insurance. Consumers may even find the lowest priced insurance comes from some of the smallest insurance companies. These companies can often insure niche markets at a lower cost than their larger competitors like Progressive or GEICO.

When shopping online for insurance, never buy poor coverage just to save money. In many cases, consumers will sacrifice comprehensive coverage or liability limits only to find out that they should have had better coverage. Your focus should be to buy the best coverage you can find at a price you can afford.

Budget-conscious 1990 Mazda MX-5 Miata insurance can be sourced online as well as from independent agents, and you should be comparing both to have the best chance of lowering rates. A few companies do not provide the ability to get quotes online and many times these small, regional companies only sell coverage through local independent agencies.

For more information, feel free to browse the resources below: