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 4, 2017

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Want lower insurance rates for your Mazda MX-5 Miata? When shopping for cheaper insurance, do you get frustrated by the number of insurance providers that you can choose from? You have so many providers to choose from that it can quickly become a chore to find the perfect company for you.

Consumers need to do rate comparisons yearly because insurance prices change frequently. Despite the fact that you may have had the lowest price for MX-5 Miata coverage at your last renewal you will most likely find a better rate today. Ignore everything you know about insurance because you’re about to learn the quickest way to save on insurance.

Car insurance discounts help slash rates

Insurance can cost an arm and a leg, but discounts can save money and there are some available that many people don’t even know exist. Some trigger automatically at quote time, but some discounts are required to be specially asked for prior to getting the savings. If you don’t get every credit available, you’re just leaving money on the table.

  • Buy New and Save – Buying a new car instead of a used car may earn a small discount since new model year vehicles have better safety ratings.
  • Military Discounts – Having a family member in the military may qualify for rate reductions.
  • Paper-free Discount – Some of the larger companies will give a small break for buying your policy on your computer.
  • Data Collection Discounts – People who choose to allow data collection to spy on their driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
  • Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems can get savings of 25 to 30%.
  • 55 and Retired – Drivers that qualify as senior citizens could receive a discount up to 10% for MX-5 Miata coverage.
  • Theft Deterent System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your insurance coverage quote.
  • No Charge for an Accident – Not really a discount, but some companies like Libery Mutual, GEICO and Allstate will turn a blind eye to one accident without getting socked with a rate hike with the catch being you have to be claim-free for a specific time period.
  • Multi-line Discount – Larger insurance carriers have lower premium rates if you buy a life policy as well.

You should keep in mind that some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates you can get free auto insurance, company stockholders wouldn’t be very happy.

A list of companies and their possible discounts are outlined below.

  • State Farm policyholders can earn discounts including passive restraint, multiple policy, good driver, safe vehicle, driver’s education, multiple autos, and Drive Safe & Save.
  • GEICO includes discounts for anti-theft, emergency military deployment, defensive driver, driver training, and five-year accident-free.
  • SAFECO may have discounts that include drive less, teen safety rewards, safe driver, anti-lock brakes, homeowner, accident prevention training, and multi-car.
  • Farmers Insurance discounts include distant student, business and professional, mature driver, pay in full, alternative fuel, and bundle discounts.
  • AAA has savings for good student, pay-in-full, anti-theft, education and occupation, and multi-car.
  • USAA offers discounts for defensive driver, good student, driver training, loyalty savings, and annual mileage.

When getting a coverage quote, ask every insurance company which discounts can lower your rates. All car insurance discounts may not be offered in your state. To see a list of providers that can offer you the previously mentioned discounts, follow this link.

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

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Which is the best auto insurance?

When choosing 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 could help you determine if your situation may require specific advice.

  • Where can I find high-risk insurance?
  • Does my 2000 Mazda MX-5 Miata need full coverage?
  • Should I buy additional glass protection?
  • Do I have coverage when using my vehicle for my home business?
  • Is my trailer covered?
  • Exactly who is provided coverage by my policy?
  • Does insurance cover tools stolen from my truck?
  • Is a fancy paint job covered?
  • Does my policy cover my teen driver if they drive my company car?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form.

Why you might not save $432 a year

Insurance providers like 21st Century, Allstate and State Farm consistently run ads on TV and radio. They all convey the message that you can save just by moving your coverage to them. How is it plausible that every one can give you a lower rate? You have to listen carefully.

Insurance providers give the best rates for the type of insured that earns them a profit. An example of this type of risk profile might have to be a mature driver, owns their home, and drives a lower-performance vehicle. Someone who meets those qualifications gets the lowest rates and is almost guaranteed to cut their rates if they switch.

Drivers who don’t meet these standards will see higher prices which usually ends up with the customer buying from someone else. If you pay close attention to the ads, they say “customers that switch” but not “all drivers who get quotes” save the amount stated. That’s why companies can make those statements.

That is why you need to get insurance coverage quotes from several different companies. It’s not possible to predict the company that will provide the lowest car insurance rates.

Specifics of your insurance policy

Knowing the specifics of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Collision insurance

This will pay to fix damage to your MX-5 Miata caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as colliding with a tree, backing into a parked car, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for bills like prosthetic devices, dental work, surgery, doctor visits and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Liability insurance

This coverage can cover injuries or damage you cause to people or other property in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for things such as pain and suffering, funeral expenses, attorney fees, legal defense fees and medical expenses. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, theft and damage from flooding. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Mazda MX-5 Miata.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

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

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Be a penny pincher

In this article, we presented quite a bit of information on how to compare 2000 Mazda MX-5 Miata insurance car insurance rates online. It’s most important to understand that the more providers you compare, the better your comparison will be. You may be surprised to find that the best price on auto insurance is with a small mutual company.

Some companies may not offer internet price quotes and usually these small insurance companies work with independent agents. More affordable auto insurance can be bought both online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money.

When you buy insurance coverage online, you should never reduce coverage to reduce premium. There are many occasions where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your objective should be to find the BEST coverage at the best cost.

Additional auto insurance information is located at the links below