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 5, 2015

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If you’ve never shopped for auto insurance quotes online, most likely you are baffled thanks to the huge assortment of online insurance coverage companies and websites who claim to have the best insurance coverage rates.

It’s smart to shop coverage around every six months due to the fact that insurance prices change quite often. Just because you had the lowest rates for MX-5 Miata insurance a year ago you can probably find a lower rate today. Ignore everything you know about insurance coverage because we’re going to show you the right way to find lower rates on insurance coverage.

Finding affordable coverage is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these techniques. But vehicle owners need to learn how the larger insurance companies price online insurance.

Get cheap insurance premiums by understanding these factors

Lots of things are considered when quoting car insurance. Some are obvious like an MVR report, although others are more transparent such as your credit history or how financially stable you are.

  • You might want pay the small policy claims yourself – If you are the type of insured that files lots of claims you can definitely plan on higher premiums or even policy non-renewal. Insurance companies award the best rates to policyholders who are claim-free. Auto insurance is meant to be used in the event of the large, substantial claims.
  • Certain employers raise premiums – Did you know your career choice can influence rates? Jobs like fire fightersair traffic controllers and accountants are shown to have higher premiums than the average policyholder in part from stressful work requirements and lots of time spent away from family. On the other hand, jobs such as professors, students and performers pay lower than average rates for MX-5 Miata insurance.
  • Getting married can save on insurance coverage – Having a wife or husband can get you a discount on your insurance coverage policy. It may mean you are less irresponsible and statistics show married drivers get in fewer accidents.
  • Drive less and save – Driving a lot of miles in a year the more you’ll pay to insure your vehicle. A lot of insurance companies price each vehicle’s coverage based upon how you use the vehicle. Cars that are left in the garage receive better premium rates than those used for commuting. It’s a smart idea to ensure your insurance coverage declarations sheet correctly shows annual mileage, because improper ratings can cost you money. Having an incorrect usage rating on your MX-5 Miata may be wasting your money.

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Get cheap rates by taking advantage of discounts

Companies offering auto insurance don’t always advertise the entire discount list very well, so the list below contains both well-publicized and also the more inconspicuous savings tricks you should be using when you buy auto insurance online.

  • Responsible Drivers – Insureds who avoid accidents can save up to 40% or more on their auto insurance quote for MX-5 Miata insurance than drivers with accidents.
  • No Charge for an Accident – This isn’t a discount exactly, but companies like Allstate, Progressive, and GEICO permit an accident before they charge you more for coverage if your claims history is clear before the accident.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
  • Senior Discount – Mature drivers can possibly qualify for a small discount on rates for MX-5 Miata insurance.
  • Government Employee Discount – Active or former government employment could qualify for a slight premium decrease for MX-5 Miata insurance with a few insurance companies.
  • Telematics Data Discounts – Drivers who agree to allow driving data submission to track driving manner by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system could see a rate decrease if they have good driving habits.
  • Bundled Policy Discount – If you have multiple policies with one company you could get a discount of over 10 percent off each policy depending on the company.
  • Low Mileage – Fewer annual miles on your Mazda may allow you to get cheaper rates.
  • New Car Discount – Buying a new car model can cost up to 25% less because newer vehicles have to meet stringent safety requirements.

Just know that most discount credits are not given to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, that’s just not realistic. Any amount of discount should definitely cut the premium cost.

Some of the larger companies that may offer policyholders these money-saving discounts include:

If you need lower rates, check with every insurance company how many discounts you can get. Some of the earlier mentioned discounts may not apply to policies everywhere. To locate insurers with the best insurance discounts, click here to view.

The ad said I’d save $445 a year!

Companies like Allstate, GEICO and Progressive regularly use ads in print and on television. All the ads make an identical promise about how much you will save if you move to them. How does every company make almost identical claims? It’s all in the wording.

Most companies have a preferred profile for a prospective insured that is profitable for them. One example of a desirable risk might be a married male, has a clear driving record, and drives a vehicle with a low ISO rating. A customer getting a price quote that fits those parameters will probably get cheap premium rates and most likely will save a lot of money.

Drivers who don’t measure up to those criteria may be forced to pay a more expensive rate and the customer buying from a different company. If you listen to the ad wording, they say “drivers that switch” not “everybody who quotes” save that much money. This is how companies can lure you into getting a quote. Because each company has a different risk profile, it’s extremely important to do a rate comparison at every renewal. It’s just not possible to know which insurance companies will have the lowest premium rates for your situation.

How much auto insurance do I need?

When it comes to buying coverage, there is no best way to insure your cars. Everyone’s situation is unique.

For instance, these questions could help you determine if your situation would benefit from professional advice.

  • Why do I need rental car insurance?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Am I covered if I break a side mirror?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Do I need more liability coverage?
  • What is the ISO rating for a 2007 Mazda MX-5 Miata?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is upholstery damage covered by car insurance?
  • What are the financial responsibility laws in my state?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

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 a auto insurance policy aids in choosing the right coverages for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as prosthetic devices, hospital visits, X-ray expenses and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision insurance

This coverage covers damage to your MX-5 Miata from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, damaging your car on a curb, backing into a parked car and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.

Coverage for liability

Liability coverage will cover damage or injury you incur to a person or their property. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as structural damage, repair costs for stationary objects and bail bonds. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hail damage, fire damage, vandalism and damage from getting keyed. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured or underinsured coverage

This gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Mazda MX-5 Miata.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Be Smart and Buy Smart

Drivers switch companies for any number of reasons including unfair underwriting practices, policy non-renewal, high prices or policy cancellation. Regardless of your reason, switching insurance companies can be less work than you think.

We just covered a lot of techniques to lower your 2007 Mazda MX-5 Miata insurance car insurance rates. It’s most important to understand that the more times you quote, the better your comparison will be. You may even discover the best car insurance rates are with a lesser-known regional company.

While you’re price shopping online, never skimp on coverage in order to save money. Too many times, consumers will sacrifice uninsured motorist or liability limits to discover at claim time they didn’t have enough coverage. Your goal is to find the BEST coverage at the lowest possible cost.

Much more information about insurance is available below: