How to Save on Mazda MX-5 Miata Insurance in Mesa

Insurance quote for Mazda MX-5 Miata in MesaReally, the only way to get low-cost Mazda MX-5 Miata insurance in Mesa is to start comparing rates regularly from insurers that sell auto insurance in Arizona.

First, read and learn about coverages and the changes you can make to keep rates down. Many rating factors that result in higher prices like traffic citations, accidents, and poor credit can be improved by paying attention to minor details.

Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes for many different companies. Get quotes now

Third, compare the new rates to your existing coverage to see if a cheaper price is available in Mesa. If you find better rates and change companies, verify that coverage does not lapse between policies.

The critical component of shopping around is to try to use similar limits and deductibles on each price quote and and to get rate quotes from all possible companies. This provides a fair price comparison and maximum price selection.

It’s safe to conclude that car insurance companies don’t want their customers to go rate shopping. Insureds who shop around for the cheapest price will, in all likelihood, switch car insurance companies because they have good chances of finding a cheaper policy. A survey found that people who regularly compared price quotes saved an average of $3,450 over four years as compared to drivers who never shopped around for cheaper prices.

If finding the lowest price for car insurance is your objective, then having some insight into how to shop for insurance can save time and make the process easier.

If you’re already insured, you will surely be able to find better prices using these techniques. We hope to familiarize you with how auto insurance companies operate and how to save the most money. But Arizona vehicle owners can benefit by having an understanding of how the larger insurance companies determine prices because it varies considerably.

Ways to get Mazda MX-5 Miata insurance quotes in Mesa

To find cheaper rates, there are a couple of ways of comparing rates from companies that offer car insurance in Arizona. The best method to lower the rate you pay for Mazda MX-5 Miata insurance consists of shopping online. It’s important to know that comparing more rates from different companies provides better odds of finding the best rates. Not every company allows you to get Mesa MX-5 Miata insurance quotes over the internet, so it’s necessary to compare quotes from those companies as well.

The providers in the list below can provide price quotes in Arizona. To buy cheap auto insurance in Arizona, it’s a good idea that you compare several of them in order to get a fair rate comparison.

Rates and detailed analysis

The data table below outlines different insurance costs for Mazda MX-5 Miata models. Learning a little about how policy rates are established can help guide drivers when making decisions when shopping your coverage around.

Mazda MX-5 Miata Insurance Rates in Mesa, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $174 $330 $288 $18 $86 $896 $75
MX-5 Miata Touring 2-Dr Convertible $200 $402 $288 $18 $86 $994 $83
MX-5 Miata Grand Touring 2-Dr Convertible $200 $402 $288 $18 $86 $994 $83
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium costs do not factor in garaging location in Mesa which can modify premium rates noticeably.

Deductible analysis

One of the more difficult decisions when buying car insurance is what deductibles to buy. The premium rates below can help show the rate differences when you buy lower versus higher comp and collision deductibles. The first rate table uses a $250 deductible and the second rate chart uses a $1,000 deductible.

Mazda MX-5 Miata insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $202 $320 $254 $16 $76 $893 $74
MX-5 Miata Touring 2-Dr Convertible $232 $390 $254 $16 $76 $993 $83
MX-5 Miata Grand Touring 2-Dr Convertible $232 $390 $254 $16 $76 $993 $83
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Mazda MX-5 Miata insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $124 $202 $254 $16 $76 $672 $56
MX-5 Miata Touring 2-Dr Convertible $144 $246 $254 $16 $76 $736 $61
MX-5 Miata Grand Touring 2-Dr Convertible $144 $246 $254 $16 $76 $736 $61
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in Mesa location which can impact premium rates noticeably.

Using the data above, we can ascertain that using a $250 deductible could cost the average driver approximately $21 more each month or $252 annually across all Mazda MX-5 Miata models than choosing the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 36 months between claim filings, you would come out ahead if you choose a higher deductible. Here’s an example of how you can come to your own conclusion.

Average monthly premium for $250 deductibles: $80
Average monthly premium for $1,000 deductibles (subtract): – $59
Monthly savings from raising deductible: $21
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 36 months

One thing to note is that increasing deductibles to lower your rates means you will have to pay more of your own money when you file a claim. You need to have some savings in the event you have to pay the deductible to have repairs made.

The information below illustrates how choosing a deductible and can impact Mazda MX-5 Miata premium costs for different insured age categories. The data is based on a married female driver, full coverage, and no policy discounts are applied.

Accidents and violations increase rates

The diagram below illustrates how violations and at-fault accidents can increase Mazda MX-5 Miata auto insurance rates for each age group. The rates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

Full coverage rates compared to liability-only

The chart below visualizes the comparison of Mazda MX-5 Miata annual premium costs with liability coverage only compared to full coverage. The premiums are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no other discounts are factored in.

When to eliminate full coverage

There is no exact rule of when to exclude comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s assume your Mazda MX-5 Miata claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after the deductible is paid. If you are paying more than $300 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

When to talk to an agent

Some people would rather talk to an insurance agent and we recommend doing that An additional benefit of comparing insurance prices online is that you can find lower rates and also buy local.

Mesa insurance agentsFor easy comparison, once you complete this short form, your insurance coverage information is sent to companies in Mesa that give free quotes for your coverage. You won’t even need to drive around as quotes are delivered straight to your inbox. You can get cheaper auto insurance rates and a licensed agent to work with. If for some reason you want to get a price quote for a specific company, just go to their quote page to submit a rate quote request.

Choosing the best insurer should depend on more than just the price. Some important questions to ask are:

Listed below is a short list of insurance companies in Mesa that can give you comparison quotes for Mazda MX-5 Miata insurance in Mesa.

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After you get positive feedback to all your questions and affordable Mazda MX-5 Miata insurance rates in Mesa quotes, chances are good that you have found an insurer that can provide auto insurance coverage.