1994 Mazda MX-5 Miata Insurance Cost – 6 Policy Discounts

Trying to find the cheapest insurance for a Mazda MX-5 Miata can be a painful process, but you can use a few tricks to find lower rates. There is a better way to buy car insurance and you need to know the absolute fastest way to price shop coverage for a new or used Mazda and obtain the lowest possible price from local insurance agents and online providers.

It’s smart to get comparison quotes at least once a year because prices change frequently. Just because you had the best rates for MX-5 Miata coverage a year ago there is a good chance you can find better rates now. Starting right now, forget all the misinformation about car insurance because you’re going to learn the best methods to save money, get proper coverage and the best rates.

Buying car insurance is not that difficult. If you have a policy now or are just looking to switch companies, you can use this information to find better prices while maintaining coverages. Vehicle owners just need to understand the proper way to shop on the web.

The best way to compare policy rates is to know the fact almost all companies actually pay money for the chance to give rate comparisons. The only thing you need to do is spend a couple of minutes providing details like what your job is, the ages of drivers, whether you are single or married, and if you have a valid license. That rating information gets sent immediately to insurance companies and you should receive rate quotes almost instantly.

Discounts are available to cut your rates

Car insurance companies do not advertise every discount in an easy-to-find place, so the following is a list of both the well known and the more hidden discounts you could be receiving. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for MX-5 Miata coverage than less cautious drivers.
  • No Charge for an Accident – A handful of insurance companies permit an accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Seat Belts Save – Drivers who require all occupants to buckle their seat belts can save 10% or more off the personal injury premium cost.
  • Federal Employees – Simply working for the federal government may qualify you for a discount for MX-5 Miata coverage with certain companies.
  • New Car Discount – Buying coverage on a new vehicle can cost up to 25% less compared to insuring an older model.
  • Senior Discount – Older drivers may qualify for better auto insurance rates for MX-5 Miata coverage.

Keep in mind that some credits don’t apply to the entire policy premium. A few only apply to individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, it just doesn’t work that way.

For a list of insurance companies offering auto insurance discounts, follow this link.

Everyone needs different coverages

When choosing proper insurance coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different.

For example, these questions might point out whether you could use an agent’s help.

  • How can I get my company to pay me more for my totalled car?
  • Is my teen driver covered when they drive my company car?
  • When can I cancel my policy?
  • Can I afford to buy a different vehicle if my 1994 Mazda MX-5 Miata is totaled?
  • Do I pay less if my vehicle is kept in my garage?
  • When would I need additional glass coverage?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Parts of your insurance policy

Understanding the coverages of a insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision – Collision insurance covers damage to your MX-5 Miata from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as sideswiping another vehicle, sustaining damage from a pot hole and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for expenses for pain medications, prosthetic devices, hospital visits and doctor visits. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Mazda MX-5 Miata.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as rock chips in glass, a tree branch falling on your vehicle, damage from flooding and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto liability – This protects you from injuries or damage you cause to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims such as repair bills for other people’s vehicles, structural damage and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Do the work, save more money

Consumers leave their current company for a variety of reasons including unfair underwriting practices, questionable increases in premium, denial of a claim and even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding the right insurance coverage provider is easier than you think.

When shopping online for insurance coverage, you should never buy less coverage just to save a little money. There have been many cases where an insured dropped uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage for the lowest price, not the least amount of coverage.

You just read a lot of information how to compare 1994 Mazda MX-5 Miata insurance prices online. The key thing to remember is the more price quotes you have, the better likelihood of reducing your rate. Consumers may even find the lowest premiums are with the smaller companies.

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