Insurance for Mazda MX-5 MiataWould you like to find more competitive Mazda MX-5 Miata insurance in Columbia? Vehicle owners who are new to the process of comparison shopping online may discover sourcing cheap MX-5 Miata insurance is quite challenging.

It's amazing but most car insurance policyholders have purchased from the same company for at least four years, and almost half have never even shopped around for affordable coverage. Drivers in Columbia can save 55% each year just by comparing rates, but they don't believe how much they could save if they switched to a cheaper policy.

You need to compare premium rates before your next renewal because prices go up and down regularly. Even if you think you had the lowest price on Mazda MX-5 Miata insurance in Columbia on your last policy there is a good chance you can find better rates now. Block out anything you think you know about car insurance because you're about to learn one of the best ways to eliminate unnecessary coverages and save money on Mazda MX-5 Miata insurance in Columbia.

Compare Columbia Mazda MX-5 Miata insurance price quotes online

To find more affordable rates, there are a couple of ways to compare rate quotes from auto insurance companies in your area. The easiest way by far to find the cheapest insurance rates is to perform an online rate comparison.

When comparison shopping, comparing a wide range of rates helps you find a lower rate.

The providers in the list below offer price quotes in Columbia, SC. If multiple providers are shown, we recommend you visit two to three different companies to get a more complete price comparison.

Mazda MX-5 Miata Insurance Rates in Columbia, SC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $140 $264 $350 $20 $106 $880 $73
MX-5 Miata Touring 2-Dr Convertible $186 $280 $380 $22 $114 $982 $82
MX-5 Miata Grand Touring 2-Dr Convertible $184 $352 $328 $20 $98 $982 $82
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Information does not factor in specific Columbia garaging location which can increase or decrease coverage prices considerably.

Does it make sense to buy full coverage?

The diagram below illustrates the comparison of Mazda MX-5 Miata insurance rates with full physical damage coverage compared to only buying liability only. Data assumes no claims or driving violations, $1,000 deductibles, married male driver, and no additional discounts are factored in.

Should you be buying full coverage?

There isn't a written rule that works best for making the decision to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.

For example, let's pretend your Mazda MX-5 Miata claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $2,000 after the policy deductible has been paid. If you are paying in excess of $200 annually for full coverage, then you may need to consider dropping full coverage.

There are some circumstances where buying only liability insurance is not a good idea. If you haven't satisfied your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Auto insurance rates are higher with tickets and accidents

The example below shows how violations and accidents raise Mazda MX-5 Miata insurance costs for different categories of driver ages. The premium estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

Choosing deductibles

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The following insurance rates help summarize the difference in cost of buying low and high comp and collision deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Mazda MX-5 Miata insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $230 $366 $290 $18 $86 $1,015 $85
MX-5 Miata Touring 2-Dr Convertible $264 $444 $290 $18 $86 $1,127 $94
MX-5 Miata Grand Touring 2-Dr Convertible $264 $444 $290 $18 $86 $1,127 $94
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Mazda MX-5 Miata insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $186 $294 $290 $18 $86 $874 $73
MX-5 Miata Touring 2-Dr Convertible $214 $358 $290 $18 $86 $966 $81
MX-5 Miata Grand Touring 2-Dr Convertible $214 $358 $290 $18 $86 $966 $81
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and South Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate information does not factor in specific location which can decrease or increase premium rates noticeably.

Based on the above data, using a $250 deductible costs approximately $13 more each month or $156 annually than choosing the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at least 19 months between claim filings, you would probably save some money by going with a higher deductible. Here's how we made this calculation.

Average monthly premium for $250 deductibles: $91
Average monthly premium for $500 deductibles (subtract): - $78
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One big caveat is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you do file a claim. It will be required that you have some available funds in order to pay more for the deductible.

Insurance discounts help lower rates for Mazda MX-5 Miata insurance in Columbia

Auto insurance companies don't list all discounts very clearly, so we break down some of the more common and the more hidden credits that you can use to lower your rates. If you do not check that you are getting every discount available, you are throwing money away.Save money with discounts

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as comp or med pay. Despite the appearance that you can get free auto insurance, company stockholders wouldn't be very happy.

To find insurance companies that provide some of the discounts listed above in Columbia, click here.

How You Can Control Mazda MX-5 Miata Insurance Rates

When buying car insurance it's important to understand the rating factors that help determine the level of your policy premiums. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that can help you get big savings.

Listed below are some of the factors companies use to determine rates.

Shop online but buy locally

Some people prefer to talk to a local agent and that is just fine! An additional benefit of comparing car insurance online is you may find cheap rate quotes but still work with a licensed agent. Buying from and supporting local insurance agencies is still important in Columbia.

To help locate an agent, after submitting this simple form, the quote information is submitted to companies in Columbia that can give you free Columbia car insurance quotes for your coverage. You never need to leave your computer due to the fact that quote results will go to you directly. You can get cheaper car insurance rates and a licensed agent to work with. In the event you want to quote rates from one company in particular, you would need to visit that company's website to submit a rate quote request.

Pick the best car insurance agent in Columbia for you

If you would like to find a reliable agent, there are two different types of agents and how they can write your policy. Agents can be classified as either exclusive or independent agents depending on their company appointments.

Independent Car Insurance Agencies or Brokers

Independent agents do not sell for just one brand and that gives them the ability to insure with many different companies and find the cheapest car insurance rates. If they quote lower rates, your agent can just switch to a different company and you don't have to find a new agent.

If you are comparing car insurance prices, it's recommended you get quotes from a couple of independent agencies so that you have a good selection of quotes to compare. Many write coverage with small mutual carriers which can be an advantage.

Featured below are independent agents in Columbia who may be able to give you pricing information.

More insurance agents

Exclusive Agents

Agents that choose to be exclusive can only place business with one company and some examples include American Family, State Farm, and Allstate. They generally cannot compare rates from other companies so they have no alternatives for high prices. Exclusive agencies are highly trained on their company's products which can be an advantage. Consumers sometimes buy insurance from these agents mostly because of the prominent brand name and strong financial ratings.

Below is a short list of exclusive insurance agents in Columbia that are able to give comparison quotes.

More insurance agents

Picking the best auto insurance agent should include more criteria than just a cheap quote. Here are some questions to ask:

Cheaper insurance premiums are possible

Lower-priced Mazda MX-5 Miata insurance in Columbia can be purchased online as well as from independent agents in Columbia, and you should compare rates from both in order to have the best chance of saving money. There are still a few companies who do not offer the ability to get quotes online and these small, regional companies only sell through local independent agents.

As you restructure your insurance plan, don't be tempted to reduce coverage to reduce premium. In too many instances, someone dropped liability limits or collision coverage only to regret they didn't purchase enough coverage. Your goal is to find the BEST coverage at the best possible price but still have enough coverage for asset protection.

We just showed you many ideas to save on Mazda MX-5 Miata insurance in Columbia. The most important thing to understand is the more times you quote, the better your chances of lowering your car insurance rates. You may even find the lowest rates are with some of the smallest insurance companies.

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