2005 Mazda Mazdaspeed MX-5 Miata Car Insurance Cost

Have you fallen victim to an overpriced auto insurance policy? Trust us when we tell you there are lots of people in the same boat.

Companies like State Farm, Geico and Farmers Insurance promote their brand names with fancy advertisements and it is challenging if not impossible to separate fact from fiction and take the time to shop coverage around.

If you are paying for car insurance now, you should be able to reduce your rates substantially using these techniques. Finding the best rates is quite easy. Nevertheless, consumers do need to learn how companies market insurance on the web and take advantage of how the system works.

Finding Car Insurance

There are multiple methods to compare 2005 Mazda Mazdaspeed MX-5 Miata car insurance prices but one way is easier and takes less work. You can waste a few hours (or days) driving to agents in your area, or you can utilize online quoting to get prices fast.

Many companies enroll in a system where prospective buyers enter their coverage request one time, and each company can give them a price determined by their information. This saves time by eliminating quote forms to each company.

To participate in this free quote system, click here (opens in new window).

The only downside to pricing coverage this way is you don’t know exactly which providers to get quotes from. So if you prefer to pick specific insurance companies to compare rates, we have a page of the cheapest car insurance companies in your area. View list of insurance companies.

It doesn’t matter which method you choose, just double check that you are using exactly the same coverages and limits with every price quote. If you use mixed coverages it will be very difficult to determine the lowest rate for your Mazda Mazdaspeed MX-5 Miata. Just a small difference in coverage limits may result in a large different in cost. And when comparison shopping, more quotes helps you find better pricing.

Do I need special coverages?

When it comes to buying the best auto insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions can help discover whether your personal situation may require specific advice.

  • Does coverage extend to Mexico or Canada?
  • Why is insurance for a teen driver so high?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I need special endorsements for business use of my vehicle?
  • If my pet gets injured in an accident are they covered?
  • What is medical payments coverage?
  • How can I get high-risk coverage after a DUI?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Insurance coverage specifics

Having a good grasp of your policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types found on most insurance policies.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as dental work, hospital visits and funeral costs. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability coverage – Liability coverage provides protection from damage that occurs to a person or their property. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three 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 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things like repair bills for other people’s vehicles, attorney fees and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

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

Collision insurance covers things such as colliding with a tree, crashing into a building and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are older. You can also bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Mazda Mazdaspeed MX-5 Miata.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive protection – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like theft, falling objects, a tree branch falling on your vehicle and hitting a bird. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.