How Much Does 1993 Mazda MX-5 Miata Insurance Cost?

Trying to find the cheapest insurance rates for your Mazda MX-5 Miata? Price shopping your insurance can seem to be difficult for beginners to comparing prices online. With such a large number of agents and insurance companies available, it can easily become a challenge to find better prices.

Earn discounts on insurance

Insurance can be pricey, but you might already qualify for some discounts to reduce the price significantly. Most are applied at the time you complete a quote, but some need to be requested specifically before they will apply.

  • Save with a New Car – Insuring a new car can save you some money since new model year vehicles are generally safer.
  • College Student – Youth drivers who are enrolled in a college that is more than 100 miles from home without a vehicle on campus could get you a discount.
  • Driver Training Discounts – Taking time to complete a safe driver course could earn you a small percentage discount depending on where you live.
  • Homeowners Savings – Just owning your own home can earn you a little savings since owning and maintaining a home means you have a higher level of financial diligence.
  • ABS Brakes – Anti-lock brake equipped vehicles are much safer to drive and earn discounts up to 10%.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education as it will make them better drivers and lower rates.
  • Discounts for Federal Employees – Federal government employees may reduce rates when you quote insurance coverage on MX-5 Miata insurance depending on your company.

Drivers should understand that many deductions do not apply to the overall cost of the policy. Some only apply to individual premiums such as comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

A list of insurance companies and a selection of discounts can be found below.

  • GEICO may have discounts that include air bags, driver training, membership and employees, anti-lock brakes, good student, and military active duty.
  • MetLife has savings for defensive driver, good driver, multi-policy, good student, and claim-free.
  • State Farm offers discounts for multiple policy, good student, student away at school, safe vehicle, and passive restraint.
  • Progressive discounts include multi-vehicle, online quote discount, multi-policy, good student, online signing, and continuous coverage.
  • Mercury Insurance may include discounts for multi-policy, good student, professional/association, annual mileage, anti-theft, age of vehicle, and location of vehicle.
  • 21st Century policyholders can earn discounts including 55 and older, student driver, anti-lock brakes, teen driver, defensive driver, homeowners, and good student.
  • Allstate offers premium reductions for defensive driver, senior citizen, good payer, good student, utility vehicle, and multi-policy.

If you want cheap insurance coverage quotes, ask every prospective company the best way to save money. Some of the earlier mentioned discounts may not be offered in your state. To see insurance companies that provide some of the discounts listed above, click this link.

Tailor your insurance coverage to you

When choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

For example, these questions can help discover if your insurance needs will benefit from professional help.

  • Am I covered when driving someone else’s vehicle?
  • Do I need added coverage for expensive stereo equipment?
  • Will filing a claim cost me more?
  • Can my teen drive my company car?
  • Are my friends covered when driving my 1993 Mazda MX-5 Miata?
  • What happens if I owe more than my 1993 Mazda MX-5 Miata is worth?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form.

Detailed coverages of your auto insurance policy

Understanding the coverages of your auto insurance policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Insurance for medical payments

Med pay and PIP coverage reimburse you for immediate expenses like funeral costs, nursing services, hospital visits and chiropractic care. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from flooding, theft, vandalism and rock chips in glass. The most 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.

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mazda MX-5 Miata.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability insurance

This will cover damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like repair bills for other people’s vehicles, loss of income, medical expenses, emergency aid and bail bonds. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision insurance

This pays for damage to your MX-5 Miata resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like scraping a guard rail, colliding with a tree, rolling your car, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.

Don’t throw your cash in the trash

Drivers leave their current company for a variety of reasons including policy non-renewal, poor customer service, policy cancellation or even extreme rates for teen drivers. Regardless of your reason for switching companies, choosing a new insurance company can be less work than you think.

Throughout this article, we presented a lot of tips how to reduce 1993 Mazda MX-5 Miata insurance premium rates online. The key thing to remember is the more times you quote, the better your comparison will be. You may even discover the most savings is with a lesser-known regional company.

Low-cost 1993 Mazda MX-5 Miata insurance is available from both online companies as well as from insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance providers may not provide the ability to get a quote online and many times these small, regional companies prefer to sell through local independent agents.

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