Cheap 2014 Mazda MX-5 Miata Insurance Cost

Searching for better car insurance rates for your Mazda MX-5 Miata? High-priced car insurance can dwindle your accounts and maybe even restrict other spending. Comparing cost estimates can lower your rates and help to cut your insurance bill.

Many auto insurance companies vie for your business, so it’s not easy to compare every insurance company and get the best coverage at the lowest rate

Discounts for affordable insurance coverage rates

Some providers do not list every possible discount in a way that’s easy to find, so the list below contains a few of the more common and also the more inconspicuous credits that may apply to you.

  • Homeowners Pay Less – Owning a home can get you a discount because maintaining a house is proof of financial responsibility.
  • Low Mileage – Driving fewer miles could earn discounted rates on garaged vehicles.
  • Save with a New Car – Buying a new car model can be considerably cheaper because new vehicles are generally safer.
  • Mature Driver Discount – If you’re over the age of 55, you are able to get better insurance coverage rates for MX-5 Miata coverage.
  • Multi-car Discount – Buying a policy with several vehicles on one policy can get a discount on all vehicles.
  • Online Discount – A few larger online companies will discount your bill up to fifty bucks simply for signing on the internet.
  • Accident Free – Drivers with accident-free driving histories can save substantially when compared to accident-prone drivers.

Discounts lower rates, but most of the big mark downs will not be given to the entire policy premium. Most only apply to the cost of specific coverages such as collision or personal injury protection. So when it seems like it’s possible to get free car insurance, you won’t be that lucky.

A list of insurance coverage companies and some of the discounts are outlined below.

  • 21st Century offers premium reductions for defensive driver, early bird, 55 and older, homeowners, and driver training.
  • State Farm may offer discounts for safe vehicle, student away at school, Drive Safe & Save, anti-theft, driver’s education, and defensive driving training.
  • AAA includes discounts for education and occupation, pay-in-full, multi-policy, anti-theft, AAA membership discount, and good student.
  • Liberty Mutual offers discounts including preferred payment discount, multi-policy, new vehicle discount, newly married, and teen driver discount.
  • Progressive offers discounts for homeowner, multi-policy, continuous coverage, online signing, and multi-vehicle.

If you need inexpensive insurance quotes, ask each company or agent which discounts you qualify for. All car insurance discounts might not apply in every state. To see a list of insurers that offer discounts, click here.

Finding auto insurance

Reducing your 2014 Mazda MX-5 Miata insurance rates is actually quite simple. You just have to take a couple of minutes comparing price quotes from online providers. You can get a good selection of rate quotes by following the guidelines below.

  1. One of the best ways to get quotes for comparison is to use a rate comparison form (click to open form in new window). This easy form eliminates the need for separate quotes for every prospective company. In just a few minutes this one form gets rate comparisons from multiple companies.
  2. A harder way to compare rate quotes requires a visit to the website of each company and request a quote. For instance, we’ll pretend you want to compare Liberty Mutual, Safeco and GEICO. To get each rate you have to navigate to each company’s site and repeatedly enter your information, and that explains why we recommend the first method. For a list of companies in your area, click here.

Take whichever approach you prefer, but do your best to enter apples-to-apples quote data for each price quote. If you have different values for each quote it will be very difficult to determine the lowest rate for your Mazda MX-5 Miata.

How to lower your insurance rates

A large part of saving on car insurance is knowing some of the factors that aid in calculating the rates you pay for car insurance. If you understand what determines premiums, this enables informed choices that could help you find lower car insurance prices. Many different elements are taken into consideration when you get your auto insurance bill. Some are pretty understandable such as your driving record, although others are more obscure such as whether you are married or how safe your car is.

  • Cheaper rates with high comp and collision deductibles – The deductibles you choose define the amount you are required to spend out-of-pocket if you file a covered claim. Protection for physical damage, also known as collision and other-than-collision, protects your car from damage. Examples of covered claims could be a windshield broken by a bird, collision with a deer, and damage caused by road hazards. The more the insured has to pay upfront, the lower your rates will be for MX-5 Miata coverage.
  • Never let your car insurance policy expire – Having a lapse in insurance coverage is a fast way to increase your car insurance rates. Not only will rates go up, not being able to provide proof of insurance could result in fines or a revoked license.
  • Improve your credit history and save – An insured’s credit history can be a huge factor in calculating your car insurance rates. Insureds that have excellent credit tend to be less risk to insure than those with poor credit scores. So if your credit could use some work, you could be paying less to insure your 2014 Mazda MX-5 Miata by repairing your credit.
  • Certain jobs pay higher rates – Do you have a high-stress occupation? Careers like military generals, architects and dentists generally have higher rates than the rest of us in part from high stress and lots of time spent at work. Other jobs like professors, engineers and homemakers generally pay rates lower than average for MX-5 Miata coverage.
  • Good drivers pay lower rates – Having a single moving violation could increase your next policy renewal by twenty percent. Drivers who don’t get tickets have lower premiums than bad drivers. Drivers who get flagrant tickets like hit and run, DWI or reckless driving convictions may need to maintain a SR-22 with their state motor vehicle department in order to legally drive.
  • Big cities have higher rates – Having an address in a small town may provide you with better prices when buying car insurance. Lower population translates into fewer accidents as well as less vandalism and auto theft. Residents of big cities tend to have more aggressive driving styles and more time behind the wheel. More time behind the wheel means more chances of being involved in an auto accident.
  • You might have higher rates if you are single – Walking down the aisle can get you a discount when buying car insurance. Having a significant other demonstrates that you tend to be more mature than a single person and it’s statistically proven that married couples file fewer claims.
  • Protect yourself with liability insurance – Liability insurance will afford coverage if you are found to be at fault for damages from an accident. Your policy’s liability insurance provides for a legal defense which can cost a lot. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.

Tailor your auto insurance coverage to you

When buying proper insurance coverage for your vehicles, there really is not a one size fits all plan. Every situation is different and your policy should reflect that. These are some specific questions may help you determine whether your personal situation will benefit from professional help.

  • How many claims can I have before being cancelled?
  • When should my teen driver be added to my policy?
  • Is my nanny covered when driving my vehicle?
  • Am I insured when driving a different vehicle?
  • Do I need PIP coverage since I have good health insurance?
  • What is the difference between comprehensive and collision coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • When would I need rental car insurance?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Switch companies and save? Really?

Drivers can’t avoid all the ads that promise big savings for switching from the likes of Progressive, GEICO, Allstate and State Farm. They all state the claim that people will save just by moving your policy.

How do they all make almost identical claims? This is the way they can do it.

All the different companies quote their cheapest rates for the type of customer that makes them money. An example of a driver they prefer might have to be over the age of 50, has had continuous coverage, and drives less than 10,000 miles a year. A customer getting a price quote that fits those parameters receive the lowest rate quotes and therefore will save if they switch.

Consumers who do not match these standards will probably be forced to pay higher prices which translates to the customer not purchasing. The ads say “drivers who switch” not “everybody who quotes” will save that much if they switch. That’s the way companies can claim big savings.

Because every company is different, you absolutely need to compare free insurance quotes often. Because without a comparison, you cannot know the company that will fit your personal profile best.

Auto insurance coverages

Understanding the coverages of your policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average insurance policy.

Auto liability insurance – Liability coverage will cover damage that occurs to other people or property by causing an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

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. You might see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as court costs, bail bonds, structural damage, pain and suffering and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Comprehensive insurance – This will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as vandalism, a tree branch falling on your vehicle, falling objects, damage from getting keyed and hail damage. The maximum payout your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Collision – Collision insurance will pay to fix damage to your MX-5 Miata resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as rolling your car, damaging your car on a curb, driving through your garage door, backing into a parked car and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for hospital visits, rehabilitation expenses, pain medications and doctor visits. They can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Save for a rainy day

As you shop your coverage around, do not skimp on coverage in order to save money. In many instances, an insured dropped comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to buy enough coverage for the lowest cost, but do not skimp to save money.

The cheapest 2014 Mazda MX-5 Miata insurance is attainable from both online companies and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who don’t offer online rate quotes and many times these smaller providers prefer to sell through independent insurance agencies.

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