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...

Full Bio →

Written by

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.

Full Bio →

Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 5, 2015

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Overpriced car insurance can eat up your bank account, especially in this economy. Doing a rate analysis is recommended to make sure you’re not throwing money away.

Numerous insurers battle to insure your vehicles, so it’s not easy to compare every insurance company and uncover the absolute best rates possible.

If you currently have a car insurance policy, you should be able to save some money using this strategy. Buying car insurance is quite easy. But vehicle owners do need to understand the way insurance companies sell online because it can help you find the best coverage.

How to get insurance coverage rate quotes

Most companies give coverage price quotes on the web. Comparing rates online is fairly straightforward as you simply enter your coverage preferences into the form. After you complete the form, their system sends out for your credit score and driving record and provides a quote based on many factors. Online quotes makes it simple to compare prices but the time it takes to visit several different sites and type in your information is a big time waster. But it’s very important to compare as many rates as possible in order to find better insurance coverage pricing.

Keep reading for an easier way to compare prices

An easier way to compare insurance coverage pricing utilizes a single form to get prices from multiple companies. This type of form saves time, requires less work, and makes online quotes much more efficient. As soon as the form is sent, it is rated and you can select your choice of the quotes that you receive. If the quotes result in lower rates, you can simply submit the application and purchase the new policy. The entire process can be completed in less than 10 minutes and may result in a nice savings.

In order to find out how much you can save on insurance coverage, simply click here to open in new window and submit your coverage information. To compare your current rates, we recommend you complete the form with the coverages exactly as shown on your declarations page. This makes sure you will get rate quotes for similar coverage.

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

secured lock Secured with SHA-256 Encryption

Car insurance quotes and discounts

The cost of insuring your cars can be expensive, but companies offer discounts that can drop the cost substantially. Many discounts should be triggered at quote time, but some discounts are required to be inquired about prior to getting the savings.

  • Switch and Save Discount – A few car insurance companies offer discounts for buying a policy prior to the expiration date on your current policy. You can save around 10% with this discount.
  • Homeowners Pay Less – Owning a house can save you money because owning a home requires a higher level of personal finance.
  • Multiple Policy Discount – If you can combine your auto and homeowners policy and insure them with the same company you could get a discount of 10% to 20% off each policy.
  • Accident-Free Discounts – Claim-free drivers have much lower rates as opposed to insureds who have frequent claims or accidents.
  • Government Employees – Federal government employees may qualify for a discount when you quote car insurance for MX-5 Miata coverage with a few car insurance companies.
  • Pay Now and Pay Less – By making one initial payment instead of making monthly payments you could save 5% or more.
  • E-sign Discounts – Some car insurance companies will provide an incentive get car insurance online.

Remember that most of the big mark downs will not be given to the entire cost. The majority will only reduce individual premiums such as liability and collision coverage. So even though it sounds like you could get a free car insurance policy, you’re out of luck.

A list of companies and a summarized list of policyholder discounts are included below.

  • GEICO includes discounts for multi-vehicle, air bags, seat belt use, membership and employees, and emergency military deployment.
  • MetLife offers premium reductions for claim-free, defensive driver, good student, good driver, accident-free, multi-policy
  • Progressive discounts include continuous coverage, good student, online quote discount, homeowner, multi-policy, and multi-vehicle.
  • Travelers may offer discounts for payment discounts, IntelliDrive, good student, multi-policy, and save driver.
  • SAFECO offers discounts including teen safe driver, multi-car, drive less, bundle discounts, safe driver, and anti-lock brakes.
  • AAA has discounts for education and occupation, AAA membership discount, anti-theft, good student, and pay-in-full.

Check with every company the best way to save money. Some of the discounts discussed earlier might not be available to policyholders in your area.

Components of your Mazda MX-5 Miata insurance prices

Many things are used when quoting car insurance. Some are pretty understandable like an MVR report, but others are not as apparent such as your marital status or your vehicle rating.A large part of saving on insurance is knowing some of the factors that play a part in calculating your insurance rates. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that could help you find lower rates.

  • Better credit means lower premiums – Having a bad credit rating will be a significant factor in calculating your premium rate. Consumers who have excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with poor credit scores. If your credit score is lower than you’d like, you could be paying less to insure your 2008 Mazda MX-5 Miata by spending a little time repairing your credit.
  • Deter car thieves – Buying a car with anti-theft technology or alarm system can help lower your premiums. Systems that thwart theives such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent car theft.
  • Insurance claims cost money – If you are the type of insured that files lots of claims you should expect higher premiums or even policy non-renewal. Car insurance companies award better rates to people who are not frequent claim filers. Your car insurance is intended for the large, substantial claims.
  • Your career may increase premiums – Occupational choices like real estate brokers, architects and emergency personnel are shown to have higher premiums than the average policyholder due to intense work-related stress and long work hours. On the other hand, jobs like scientists, athletes and retirees receive lower rates for MX-5 Miata coverage.

Situations that may require an agent’s advice

When buying the best insurance coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance should reflect that For example, these questions might help in determining whether you would benefit from an agent’s advice.

  • What if I total my 2008 Mazda MX-5 Miata and owe more than it’s worth?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • How much liability insurance is required?
  • Does car insurance cover theft of personal property?
  • Am I covered when using my vehicle for business?
  • Exactly who is provided coverage by my policy?
  • Is my babysitter covered when using my vehicle?
  • Should I have combined single limit or split liability limits?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

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

secured lock Secured with SHA-256 Encryption

Can you really save that much by switching?

Big name companies like Allstate, GEICO and Progressive seem to constantly run ads on TV and radio. They all convey the message of big savings if you move to their company. It sounds good, but how can they all make almost identical claims? Just pay attention to how they say it.

All the different companies give the cheapest rates for the type of customer that earns them a profit. One example of a profitable risk profile could possibly be between the ages of 30 and 45, has a low-risk occupation, and the vehicle is rated for pleasure use. Any driver who fits that profile receive the lowest rate quotes and will probably pay quite a bit less when switching companies.

Consumers who don’t qualify for this ideal profile will be charged higher premiums which results in the driver buying from a lower-cost company. If you listen closely, the ads state “customers that switch” but not “everyone who gets a quote” save money. That’s why companies can truthfully make claims like that. Different companies use different criteria so you need to get car insurance quotes as often as possible. It’s just not possible to know with any certainty which company will be your best fit.

Coverages available on your policy

Understanding the coverages of insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the normal coverages offered by insurance companies.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance reimburse you for bills for prosthetic devices, doctor visits and EMT expenses. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Liability – Liability insurance will cover injuries or damage you cause to people or other property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers claims like court costs, pain and suffering, legal defense fees, structural damage and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for uninsured or underinsured drivers – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Collision – This pays for damage to your MX-5 Miata from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as backing into a parked car, driving through your garage door and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Comprehensive insurance – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from flooding, theft, a broken windshield, damage from getting keyed and hitting a bird. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Have money to burn

As you go through the steps to switch your coverage, never sacrifice coverage to reduce premiums. Too many times, drivers have reduced uninsured motorist or liability limits only to discover later that it was a big error on their part. Your aim should be to get the best coverage possible at the best price, not the least amount of coverage.

You just read quite a bit of information on how to reduce 2008 Mazda MX-5 Miata insurance premium rates online. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest premium rates come from some of the smallest insurance companies. These companies may have significantly lower prices on certain market segments than the large multi-state companies such as Progressive and GEICO.

More information can be read below: