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: Jun 5, 2018

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Want lower insurance coverage rates for your Mazda MX-5 Miata? Wish you could get out of high-priced insurance coverage? Don’t feel bad because many consumers are in the same pinch.

You have so many insurers to purchase coverage from, and although it’s a good thing to be able to choose, it can be more difficult to find a good deal.

It’s smart to quote other rates every six months due to the fact that insurance prices tend to go up over time. Despite the fact that you may have had the lowest rate for MX-5 Miata coverage a year ago you can probably find a better premium rate now. You can find a lot of misleading information regarding insurance coverage online but in this article, you’re going to get some great ways to lower your insurance coverage rates.

Finding the best insurance coverage coverage is simple if you know the tricks. In a nutshell, everyone who buys insurance coverage stands a good chance to be able to find better rates. But vehicle owners do need to learn how companies market on the web and apply this information to your search.

Cheaper insurance quotes with discounts

Properly insuring your vehicles can get expensive, but you may qualify for discounts that you may not even know about. Some discounts apply automatically when you purchase, but a few must be requested specifically before you get the savings. If you do not check that you are getting every discount available, you are throwing money away.

  • Save with a New Car – Insuring a vehicle that is new can be considerably cheaper because new vehicles keep occupants safer.
  • Payment Method – If you pay your entire premium ahead of time as opposed to paying monthly you can avoid the installment charge.
  • Anti-lock Brakes – Cars and trucks that have steering control and anti-lock brakes can avoid accidents and the ABS can save up to 10%.
  • Multiple Cars – Purchasing coverage when you have more than one vehicle on one policy could earn a price break for each car.
  • Homeowners Discount – Just being a homeowner may trigger a policy discount on insurance because maintaining a house is proof that your finances are in order.
  • Driver’s Ed – Have your child successfully complete driver’s ed class in school.

Drivers should understand that most credits do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like adding up those discounts means a free policy, that’s just not realistic.

The best insurance companies and some of their more popular discounts can be read below.

  • 21st Century has discounts for student driver, theft prevention, good student, automatic seat belts, teen driver, and early bird.
  • Progressive may include discounts for homeowner, continuous coverage, good student, multi-policy, and multi-vehicle.
  • State Farm discounts include good driver, anti-theft, student away at school, Steer Clear safe driver discount, accident-free, and passive restraint.
  • Nationwide may offer discounts for anti-theft, multi-policy, Farm Bureau membership, easy pay, and good student.
  • Esurance policyholders can earn discounts including good driver, Pac-12 alumni, anti-theft, anti-lock brakes, DriveSense, claim free, and defensive driver.
  • The Hartford offers premium reductions for driver training, bundle, air bag, anti-theft, defensive driver, and vehicle fuel type.

If you need cheap car insurance quotes, ask each company which discounts can lower your rates. Depending on the company, some discounts might not be offered on policies in your state.

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

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Decisions you make can impact your insurance prices

Lots of factors are used in the calculation when you get your auto insurance bill. A few of the factors are predictable such as your driving record, but some are not quite as obvious such as your marital status and annual miles driven.A large part of saving on car insurance is knowing some of the elements that go into determining your policy premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that could help you find better car insurance rates.

The list below includes a few of the “ingredients” used by companies to determine prices.

  • Use one insurance company and save – Lots of insurance companies will give discounts to buyers who buy several policies from them. It’s known as a multi-policy discount. If you currently are using one company, it’s in your best interest to check prices from other companies to make sure you are getting the best deal.
  • Expect high rates for teens – Young drivers are known to be less responsible with other occupants in the car so they pay higher car insurance rates. More mature drivers are more cautious drivers, statistically cause fewer accidents and receive fewer citations.
  • Do you know you’re credit history? – Having a bad credit rating will be a significant factor in your rate calculation. If your credit can be improved, you could be paying less to insure your 1993 Mazda MX-5 Miata by taking the time to improve your credit score. Drivers who have excellent credit scores tend to be better drivers and file fewer claims than those with lower ratings.
  • How much liability coverage – The liability coverage on your policy provides coverage when you are determined to be liable for causing damage or personal injury in an accident. Your policy’s liability insurance provides for a legal defense to attempt to prove you were not liable. This coverage is very inexpensive when compared to the cost of physical damage coverage, so do not skimp.

Tailor your auto insurance coverage to you

When it comes to buying the right insurance coverage for your vehicles, there is no single plan that fits everyone. Every situation is different so your insurance needs to address that. These are some specific questions might point out whether your personal situation may require specific advice.

  • What can I do if my company denied a claim?
  • Do I have coverage when making deliveries for my home business?
  • I don’t drive much so do I pay less?
  • Do I need rental car coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered when driving on a suspended license?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Can I afford low physical damage deductibles?
  • What is medical payments coverage?
  • Will I be non-renewed for getting a DUI or other conviction?

If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Insurance specifics

Knowing the specifics of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages available from insurance companies.

Collision – This coverage covers damage to your MX-5 Miata from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like sustaining damage from a pot hole, crashing into a ditch, damaging your car on a curb, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

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. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as nursing services, surgery, doctor visits, X-ray expenses and ambulance fees. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage – This provides protection from damages or injuries you inflict on other people or property that is your fault. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as bail bonds, attorney fees and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, theft, a tree branch falling on your vehicle and falling objects. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

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

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Don’t break the bank

When getting car insurance quotes online, don’t be tempted to sacrifice coverage to reduce premiums. In many instances, an insured dropped full coverage and learned later they didn’t have enough coverage. Your goal is to buy the best coverage you can find at the best price and still be able to protect your assets.

Cheap 1993 Mazda MX-5 Miata insurance is available on the web and with local insurance agents, so get free car insurance quotes from both of them to have the best chance of lowering rates. Some insurance companies may not offer the ability to get quotes online and many times these smaller companies prefer to sell through local independent agencies.

More tips and info about auto insurance can be read at these sites: