Cheap 2004 Mazda MX-5 Miata Insurance Cost

Searching for cheaper insurance on the internet may be rather difficult for consumers who are new to price shopping on the web. With literally dozens of companies, how can drivers possibly compare each option to find the best pricing?

Consumers should take time to check insurance prices once or twice a year because insurance rates tend to go up over time. Just because you found the best rate for MX-5 Miata insurance a year ago you will most likely find a better price today. Ignore everything you know about insurance because you’re about to learn the tricks you need to know to remove unneeded coverages and save money.

Auto insurance quotes and discounts

Not too many consumers would say auto insurance is affordable, but you may find discounts that you may not even know about. Some of these disounts will be visible at quote time, but some need to be asked about before you get the savings.

  • Bundle and Save – If you can bundle your auto and home insurance and insure them with the same company you may earn over 10 percent off each policy depending on the company.
  • Discounts for Government Workers – Active or former government employment could cut as much as 10% off for MX-5 Miata insurance but check with your company.
  • Theft Deterent System – Cars equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and that can save you a little bit as well.
  • Fewer Miles Equal More Savings – Low mileage vehicles may allow you to get lower rates on the low mileage vehicles.
  • Homeowners Savings – Owning your own home or condo can help you save on auto insurance since owning and maintaining a home means you have a higher level of financial diligence.

Policy discounts save money, but most discounts do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like you can get free auto insurance, you’re out of luck.

Some of the insurance companies that possibly offer these money-saving discounts are:

If you want the cheapest insurance quotes, ask every prospective company to apply every possible discount. Discounts may not apply in your state.

Situations that may require an agent’s advice

When choosing coverage, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

For instance, these questions might point out if your insurance needs might need an agent’s assistance.

  • How can I get my company to pay me more for my totalled car?
  • Why am I required to buy high-risk coverage?
  • What is the minimum liability in my state?
  • Am I covered by my spouse’s policy after a separation?
  • Do I pay less for low miles?
  • Is rental equipment covered for theft or damage?
  • Can I rate high risk drivers on liability-only vehicles?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form.

Drivers who switch save $385 a year? Really?

Companies like 21st Century, Allstate and State Farm endlessly run ads on television and other media. All the ads convey the message of big savings if you switch to their company. How does every company have lower policy pricing?

All the different companies look for specific characteristics for the type of customer that makes them money. A good example of a desirable risk may need to be between the ages of 30 and 45, carries high limits, and the vehicle is rated for pleasure use. Any customer who fits that profile will most likely get cheap rates and will probably save when switching.

People who don’t qualify for the requirements will probably have to pay higher rates which results in the customer buying from someone else. The ads say “customers that switch” not “everyone who quotes” will save that much if they switch. That is how insurance companies can confidently make claims that they all have the best car insurance rates. Because every company is different, you absolutely need to get a wide range of price quotes. It’s just too difficult to predict which insurance companies will have better rates than you’re paying now.

Specifics of your insurance policy

Learning about specific coverages of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive insurance – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as a broken windshield, vandalism, damage from flooding and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability car insurance – Liability coverage can cover damage that occurs to people or other property in an accident. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as structural damage, emergency aid, medical services and court costs. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as nursing services, dental work, chiropractic care, X-ray expenses and EMT expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Mazda MX-5 Miata.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as sustaining damage from a pot hole, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Final thoughts

The cheapest 2004 Mazda MX-5 Miata insurance can be found online and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. Some companies don’t offer online rate quotes and usually these smaller providers prefer to sell through independent agencies.

We’ve covered a lot of ways to lower your 2004 Mazda MX-5 Miata insurance rates. The key concept to understand is the more quotes you get, the better your chances of lowering your auto insurance rates. Drivers may discover the best rates are with a lesser-known regional company.

Insureds who switch companies do it for a number of reasons such as lack of trust in their agent, policy non-renewal, unfair underwriting practices and even not issuing a premium refund. Regardless of your reason, switching car insurance companies can be pretty painless.

Much more information about car insurance can be found at the links below