2004 Mazda Mazdaspeed MX-5 Miata Car Insurance Rates – 7 Tricks for Cheaper Quotes

Do you get exhausted from wondering where the money will come from to buy car insurance? You are in the same boat as most other drivers.

Because there are so many options, it can be diffult for people to choose the lowest price company.

Auto insurance quotes comparison

When comparison shopping, there are several ways of comparing price quotes from local auto insurance companies. The quickest method to find cheaper 2004 Mazda Mazdaspeed MX-5 Miata rates is to perform an online rate comparison. It is quite easy and can be accomplished in a couple minutes as outlined below.

Without a doubt, the easiest way to find low rates is to use a rate comparison form click to view form in new window. This quick form keeps you from doing repetitive form submissions for each company. Just one form gets insurance cost estimates from many national carriers.

Another way to get comparison quotes requires you to visit the website of each company and go through the quote process again. For instance, let’s assume you want to get rates from Farmers, Safeco and Travelers. To get each rate you have to go to every website and repeatedly type in your coverage information, which is why the first method is more popular.

For a handy list of car insurance company links in your area, click here.

It’s up to you how you get prices quotes, just try to keep exactly the same quote information on every price quote you get. If you are comparing different liability limits it’s impossible to determine the lowest rate for your Mazda Mazdaspeed MX-5 Miata. Even a minor difference in limits can make a big difference in price. And when comparing auto insurance rates, know that comparing all the rates in your area helps you find a better price. Some regional insurers cannot provide quotes online, so you should also compare prices from the smaller companies as well.

Car insurance companies offer lots of discounts

Buying car insurance is not cheap, but you might find some hidden discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied at the time you complete a quote, but a few need to be asked for before being credited.

  • Low Mileage Discounts – Driving fewer miles can qualify you for substantially lower car insurancerates.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can qualify for discounts of 20 to 30 percent.
  • Savings for New Vehicles – Buying a new car instead of a used car is cheaper because new vehicles are generally safer.
  • Multi-car Discount – Buying coverage for primary and secondary vehicles on a single policy can get a discount for every vehicle.
  • Seat Belt Usage – Requiring all passengers to fasten their seat belts can save a little on the premium charged for medical payments and/or PIP.
  • Pay Now and Pay Less – By paying your entire bill at once instead of making monthly payments you can actually save on your bill.
  • Discount for Swiching Early – Some companies give discounts for switching policies before your current expiration date. It’s a savings of about 10%.

Policy discounts save money, but some of the credits will not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like comprehensive or collision. So when the math indicates having all the discounts means you get insurance for free, it’s just not the way it works.

For a list of insurers with the best discounts, click here.

Do I just need basic coverages?

When choosing adequate coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out if your situation would benefit from professional advice.

  • What companies insure drivers after a DUI or DWI?
  • Are rock chip repairs covered?
  • Can my babysitter drive my car?
  • Should I buy more coverage than the required minimum liability coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Can I rate high risk drivers on liability-only vehicles?
  • Does my 2004 Mazda Mazdaspeed MX-5 Miata need full coverage?
  • What if I don’t agree with a claim settlement offer?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

What insurance coverages do you need?

Knowing the specifics of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from insurance companies.

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Mazda Mazdaspeed MX-5 Miata.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Auto collision coverage

Collision coverage covers damage to your Mazdaspeed MX-5 Miata resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as rolling your car, colliding with another moving vehicle, driving through your garage door and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.


This provides protection from damage or injury you incur to a person or their property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like loss of income, emergency aid, medical services and structural damage. How much liability should you purchase? That is your choice, but consider buying higher limits if possible.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as funeral costs, surgery and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like damage from flooding, a tree branch falling on your vehicle, damage from getting keyed and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

More choices the merrier

Some auto insurance companies do not offer price quotes online and many times these regional carriers sell through local independent agencies. Low-cost 2004 Mazda Mazdaspeed MX-5 Miata insurance can be found from both online companies and from local insurance agents, and you need to price shop both to have the best chance of lowering rates.

We just presented a lot of ways to get a better price on 2004 Mazda Mazdaspeed MX-5 Miata insurance. The key thing to remember is the more quotes you get, the better likelihood of getting the cheapest insurance. You may even discover the lowest priced auto insurance comes from an unexpected company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.

To read more, take a look at the following helpful articles: