Save Money on Mazda MX-5 Miata Insurance in Tampa

A recent study showed that the vast majority of drivers kept their policy with the same company for at least the last four years, and approximately 40% of consumers have never even compared rates from other companies. The average driver in the U.S. could save $859 every year by just shopping around, but they mistakenly think it’s difficult to find lower-cost rates by getting comparison quotes.

Discount Mazda MX-5 Miata insuranceThe easiest way to get the cheapest auto insurance rates is to compare prices regularly from insurers who sell auto insurance in Tampa.

  1. Spend some time learning about auto insurance and the things you can control to keep rates low. Many factors that result in higher rates like careless driving and a negative credit history can be remedied by making lifestyle changes or driving safer. This article provides information to help prevent costly coverage and find available discounts that you may qualify for.
  2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for many different companies. Get quotes now
  3. Compare the new rate quotes to your existing policy to see if you can save by switching companies. If you can save money, make sure coverage does not lapse between policies.
  4. Notify your current company of your intention to cancel your current coverage. Submit a completed application and payment to your new company or agent. As soon as you have the new policy, put the new proof of insurance certificate in a readily accessible location in your vehicle.

A good tip to remember is to use similar deductibles and liability limits on each quote request and and to analyze every company you can. This guarantees a fair price comparison and a complete rate analysis.

Free Tampa Mazda MX-5 Miata insurance price quotes

Most companies such as Progressive, Allstate and GEICO allow you to get insurance quotes directly from their websites. Getting quotes for Mazda MX-5 Miata insurance in Tampa is pretty easy as you just enter the coverages you want as detailed in the form. Upon sending the form, the company’s rating system will obtain credit information and your driving record and generates pricing information.

Being able to quote online for Mazda MX-5 Miata insurance in Tampa helps simplify price comparisons, and it’s also necessary to perform this step if you want to find the most affordable premium.

If you want to compare rates now, compare quotes from the companies shown below. If you have a policy now, it’s recommended you type in the coverages as shown on your current policy. Doing this assures you will have rate quotes using the exact same coverages.

The car insurance companies shown below offer price quotes in Tampa, FL. To find the cheapest auto insurance in Tampa, it’s a good idea that you visit two to three different companies to get the best price comparison.

Detailed insurance information

The coverage information displayed below covers estimates of policy rates for Mazda MX-5 Miata models. Learning how rate quotes are figured can assist in making decisions on which coverage to buy.

Mazda MX-5 Miata Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $256 $410 $366 $22 $110 $1,164 $97
MX-5 Miata Touring 2-Dr Convertible $294 $500 $366 $22 $110 $1,292 $108
MX-5 Miata Grand Touring 2-Dr Convertible $294 $500 $366 $22 $110 $1,292 $108
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can raise or lower premiums substantially.

Drive safe and save

The illustration below demonstrates how traffic citations and accidents drive up Mazda MX-5 Miata car insurance rates for each age group. The premiums assume a single female driver, full coverage, $250 deductibles, and no additional discounts are factored in.

Cost of full coverage in Tampa

The diagram below visualizes the comparison of Mazda MX-5 Miata auto insurance rates with liability coverage only compared to full coverage. The data is based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no additional discounts are factored in.

Deciding between full coverage and liability only

There is no exact formula to drop full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Mazda MX-5 Miata book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after the policy deductible has been paid. If you are paying more than $200 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Here’s why car insurance is not optional

Despite the high cost, paying for car insurance is required in Florida but it also protects you in many ways.

First, the majority of states have mandatory insurance requirements which means state laws require a specific level of liability protection in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your Mazda MX-5 Miata, most banks will force you to have physical damage coverage to guarantee payment of the loan. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Mazda at a much higher premium rate and require you to reimburse them a much higher amount than you were paying before.

Third, insurance protects both your car and your personal assets. Insurance will also pay for medical bills incurred in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are named as a defendant in an auto accident. If your Mazda gets damaged, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance greatly outweigh the cost, particularly for liability claims. An average driver in America is wasting up to $750 every year so it’s recommended you shop around at least once a year to ensure rates are inline.

Learn How to Quote Auto Insurance Cheaper

An important part of buying insurance is that you know the factors that help determine the rates you pay for auto insurance. If you have some idea of what determines premiums, this helps enable you to make changes that will entitle you to lower rates. Many different elements are used when pricing auto insurance. Some are obvious like an MVR report, although others are more transparent such as your credit history or your financial responsibility.

Insurance can be complex

When it comes to buying coverage online or from an agent for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique.Higher deductibles save money

These are some specific questions could help you determine whether your personal situation could use an agent’s help.

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form.

What is the best auto insurance company in Florida?

Finding the top auto insurance company can be challenging considering how many choices drivers have in Tampa. The company rank data in the next section could help you pick which insurers to look at when comparing rate quotes.

Top Auto Insurance Companies in Tampa
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

One last thing to lower rates

Lower-priced Mazda MX-5 Miata insurance in Tampa can be purchased from both online companies as well as from independent agents in Tampa, and you should be comparing both to have the best rate selection. There are still a few companies who don’t offer online price quotes and usually these regional carriers sell through independent agents.

When getting Tampa car insurance quotes online, it’s very important that you do not buy less coverage just to save a little money. There are a lot of situations where drivers have reduced liability limits or collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal is to find the BEST coverage at the best possible price, but do not sacrifice coverage to save money.

We just covered some good ideas how you can get a better price on Mazda MX-5 Miata insurance in Tampa. It’s most important to understand that the more times you quote, the higher your chance of finding inexpensive Tampa car insurance quotes. Drivers may even discover the best auto insurance rates are with a company that doesn’t do a lot of advertising.

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