Cheap 2006 Mazda MX-5 Miata Insurance Cost

Are you sick and tired of being strong-armed to insure your Mazda every month? You’re in the same situation as many other consumers.

There is such a variety of insurance companies to choose from, and though it is a good thing to have a choice, so many choices can make it hard to find a good deal.

Smart consumers take time to check auto insurance prices occasionally since rates change frequently. Just because you found the best rates on MX-5 Miata insurance two years ago the chances are good that you can find a lower rate today. Starting now, forget all the misinformation about auto insurance because you’re going to get a crash course in the only way to find lower rates on auto insurance.

How to Compare Auto Insurance Costs

There are several ways to compare rate quotes and find the best price. The quickest method to compare 2006 Mazda MX-5 Miata insurance prices consists of obtaining rate quotes online. This can be done in just a few minutes using one of these methods.

  • The first (and easiest) way consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This method saves time by eliminating repetitive form submissions to each individual auto insurance company. Taking the time to complete one form will return price quotes from all major companies.
  • Another way to find lower rates is to take the time to go to the website for each individual company to request a price quote. For examples sake, let’s say you want to compare USAA, Liberty Mutual and Allstate. To get rate quotes you would need to take the time to go to each site to enter your coverage information, which is why most consumers use the first method.

    For a list of links to insurance companies in your area, click here.

  • The least efficient method of getting rate comparisons is driving around to local insurance agencies. Buying insurance online eliminates the need for an insurance agent unless you prefer the trained guidance that only a license agent can provide. It is possible to compare the best prices online but buy from a local insurance agent.

It’s up to you which method you use, but make sure you use the exact same coverages with every price quote. If you compare higher or lower deductibles you will not be able to determine the lowest rate for your Mazda MX-5 Miata. Slightly different limits may cause a big price difference. It’s important to know that comparing more company’s prices will increase your chances of finding the best price.

What is the best insurance coverage?

When choosing the right insurance coverage for your personal vehicles, there is no perfect coverage plan. Every situation is different and a cookie cutter policy won’t apply. For example, these questions could help you determine whether or not you might need an agent’s assistance.

  • Am I covered by my spouse’s policy after a separation?
  • How can I get my company to pay me more for my totalled car?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Am I covered when driving in Canada or Mexico?
  • Is my state a no-fault state?
  • Is business property covered if stolen from my car?
  • Is a new car covered when I drive it off the dealer lot?
  • What is roadside assistance coverage?
  • How do I insure my teen driver?

If you can’t answer these 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.

Educate yourself about insurance coverages

Understanding the coverages of insurance helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages found on most insurance policies.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Mazda MX-5 Miata.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Medical expense coverage – Coverage for medical payments and/or PIP reimburse you for expenses like surgery, nursing services, X-ray expenses and pain medications. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

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

Comprehensive coverage pays for things such as hitting a deer, a tree branch falling on your vehicle, damage from getting keyed, fire damage and rock chips in glass. The maximum payout you can receive from a comprehensive 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.

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

Collision coverage pays for things such as driving through your garage door, colliding with another moving vehicle, sustaining damage from a pot hole, colliding with a tree and hitting a mailbox. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.

Auto liability insurance – Liability coverage will cover injuries or damage you cause to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

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 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for claims such as loss of income, court costs, attorney fees, medical services and legal defense fees. How much coverage you buy is a personal decision, but buy higher limits if possible.