How to Save on Jacksonville Mazda MX-5 Miata Insurance

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The preferred way to find better pricing on Mazda MX-5 Miata insurance in Jacksonville is to start doing an annual price comparison from companies who provide car insurance in Florida. You can compare rates by completing these steps.

  1. Take a few minutes and learn about how auto insurance works and the measures you can control to prevent expensive coverage. Many rating criteria that drive up the price like traffic violations, accidents, and a low credit score can be eliminated by making minor changes in your lifestyle.
  2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Allstate, while independent agents can give you price quotes for a wide range of insurance providers.
  3. Compare the new quotes to your existing policy and see if you can save money. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Notify your agent or company to cancel your current policy. Submit the completed application along with a down payment to your new insurance company. Immediately keep the new proof of insurance paperwork in an easily accessible location in your vehicle.

An important part of this process is that you'll want to make sure you compare similar deductibles and liability limits on each price quote and and to get prices from all possible companies. Doing this ensures an accurate price comparison and a complete rate analysis.

Discount Mazda MX-5 Miata insuranceA recent auto insurance study revealed that most Florida auto insurance customers have purchased from the same company for at least the last four years, and nearly the majority have never compared rates with other companies. Drivers in the U.S. can save roughly $860 each year just by comparing rates, but they underestimate the large savings they would see if they swap their current policy for a cheaper one.

All major auto insurance companies such as State Farm, GEICO and Progressive make it easy to get price estimates on their websites. Getting online rates for Mazda MX-5 Miata insurance in Jacksonville is very simple as all you need to do is type in the coverages you want into the quote form. Once you submit the form, their rating system sends out for your credit score and driving record and returns a price quote determined by many factors. The ability to get online rate quotes for Mazda MX-5 Miata insurance in Jacksonville makes it easy to compare insurance prices and it's also necessary to do this if you want to find the best auto insurance rates.

If you want to get comparison pricing now, compare rates now from the companies shown below. To compare your current rates, we recommend you complete the form with your coverages as close as possible to your current policy. Doing this assures you will be getting a price comparison using the exact same coverages.

The car insurance companies shown below provide free quotes in Florida. If multiple providers are shown, we suggest you visit as many as you can to find the most affordable car insurance rates.

Here's why auto insurance is not optional

Even though it can be expensive, paying for auto insurance is required in Florida but also provides important benefits.

  • Most states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage if you don't want to risk a ticket. 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.
  • If you have a lien on your vehicle, more than likely the lender will stipulate that you have physical damage coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Mazda at an extremely high rate and require you to fork over for the expensive policy.
  • Insurance protects both your Mazda MX-5 Miata and your assets. It also can pay for many types of medical costs incurred in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If damage is caused by hail or an accident, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of having insurance more than cancel out the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer overpays more than $800 each year so compare quotes from several companies at every renewal to ensure rates are competitive.

Mazda MX-5 Miata coverage analysis

The premium table displayed next showcases detailed analysis of insurance premium costs for Mazda MX-5 Miata models. Having knowledge of how insurance prices are figured is important to be able to make smart choices when purchasing an insurance policy.

Mazda MX-5 Miata Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $150 $276 $372 $22 $112 $932 $78
MX-5 Miata Touring 2-Dr Convertible $172 $334 $372 $22 $112 $1,012 $84
MX-5 Miata Grand Touring 2-Dr Convertible $172 $334 $372 $22 $112 $1,012 $84
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Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in specific Jacksonville garaging location which can revise coverage rates greatly.

Comparison of policy deductibles

A question often asked by Jacksonville drivers is how high or low should comp and collision deductibles be. The figures shown below may help to illustrate the differences in premium rates when you select higher and lower physical damage deductibles. The first set of rates uses a $100 deductible for physical damage and the second data table uses a $1,000 deductible.

Mazda MX-5 Miata insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $312 $532 $354 $20 $106 $1,349 $112
MX-5 Miata Touring 2-Dr Convertible $358 $648 $354 $20 $106 $1,511 $126
MX-5 Miata Grand Touring 2-Dr Convertible $358 $648 $354 $20 $106 $1,511 $126
Get Your Own Custom Quote Go
Mazda MX-5 Miata insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $174 $280 $354 $20 $106 $934 $78
MX-5 Miata Touring 2-Dr Convertible $200 $342 $354 $20 $106 $1,022 $85
MX-5 Miata Grand Touring 2-Dr Convertible $200 $342 $354 $20 $106 $1,022 $85
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Information does not factor in specific zip code location which can affect rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible will cost you roughly $38 more each month or $456 a year across all Mazda MX-5 Miata models than buying the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 24 months between claim filings, you would more than likely save some money if you choose a higher deductible. Here's the way you can do this calculation yourself.

Average monthly premium for $100 deductibles: $121
Average monthly premium for $1,000 deductibles (subtract): - $83
Monthly savings from raising deductible: $38
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

An important thing to remember is that raising deductibles means you will have to pay more of your own money when you do file a claim. You need to have enough money in the bank in the event you need to pay the higher deductible in order to repair your vehicle.

Careless driving habits raise auto insurance rates

The chart below highlights how speeding tickets and accidents impact Mazda MX-5 Miata auto insurance costs for each different age group. The premium estimates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.

Rate comparison of males versus females

The information below compares Mazda MX-5 Miata insurance costs for male and female drivers. The rates are based on no accidents, no driving violations, comprehensive and collision coverage, $100 deductibles, drivers are single, and no discounts are taken into consideration.

Cost comparison with and without full coverage

The diagram below shows the comparison of Mazda MX-5 Miata insurance rates with and without full coverage. The data assumes no accidents, no driving violations, $250 deductibles, marital status is single, and no discounts are applied.

Should you be buying full coverage?

There is no specific rule for phasing out physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let's say your Mazda MX-5 Miata replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after the policy deductible has been paid. If you are paying over $300 a year to have full coverage, then you might consider buying liability only.

There are some situations where removing full coverage is not recommended. If you haven't paid off your loan, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Affordable rates on Mazda MX-5 Miata insurance in Jacksonville with these discounts

Car insurance companies don't always advertise the complete list of policy discounts in an easy-to-find place, so the list below gives a summary of some of the best known and also the lesser-known discounts you could be receiving when you buy Jacksonville auto insurance online.Cheaper auto insurance with discounts

  • Active Service Discounts - Being deployed in the military could be rewarded with lower rates.
  • Professional Memberships - Being a member of a civic or occupational organization in Jacksonville can get you a small discount on auto insurance.
  • Online Discount - A few insurance companies will give you a small discount shop Jacksonville auto insurance on the web.
  • Telematics Discount - Policyholders that allow their insurance company to analyze where and when they drive by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they have good driving habits.
  • Safety Restraint Discount - Forcing all vehicle occupants to buckle up before driving could cut 10% or more off the PIP or medical payment premium.
  • Discounts for Federal Employees - Employees or retirees of the government could qualify for a slight premium decrease depending on your company.
  • More Vehicles More Savings - Drivers who insure all your vehicles on a single policy can reduce the rates for all insured vehicles.

Discounts lower rates, but most discounts do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that you would end up receiving a 100% discount, insurance companies wouldn't stay in business.

The information below visualizes the comparison of Mazda MX-5 Miata insurance costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents, no driving violations, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, homeowner, multi-car, and marriage discounts applied.

A list of companies and some of the discounts can be found below.

  • 21st Century offers premium reductions for early bird, defensive driver, student driver, air bags, and driver training.
  • Progressive policyholders can earn discounts including continuous coverage, good student, multi-policy, online quote discount, and online signing.
  • State Farm offers discounts for Drive Safe & Save, safe vehicle, good driver, student away at school, and driver's education.
  • Nationwide has savings for defensive driving, business or organization, good student, Farm Bureau membership, and easy pay.
  • Esurance includes discounts for safety device, multi-car, DriveSense, Pac-12 alumni, and Switch & Save.
  • The Hartford may have discounts that include driver training, bundle, defensive driver, vehicle fuel type, and air bag.

It's a good idea to ask every insurance company how you can save money. Some credits may not apply to policies in your area. To see a list of providers that have a full spectrum of discounts in Jacksonville, follow this link.

Car insurance agents near you

Many drivers still prefer to buy from a licensed agent and doing that can be a smart decision Licensed agents can help determine the best coverages and help file insurance claims. The best thing about price shopping on the web is you can get cheaper rates and still have a local agent. Supporting local agents is definitely important in Jacksonville.

Insurance agents in JacksonvilleAfter completing this form (opens in new window), your coverage information gets sent to local insurance agents in Jacksonville who will give you bids for your insurance coverage. You won't even need to visit any agencies since price quotes are sent immediately to you. If you want to get a comparison quote for a specific company, feel free to go to their quote page and submit a quote form there.

Choosing an insurer is decision based upon more than just a cheap price. Get answers to these questions too.

  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • Did they already check your driving record and credit reports?
  • Is their price quote a firm figure or are their hidden costs?
  • Will high miles depreciate repair valuations?
  • How much can you save by raising your physical damage deductibles?
  • Do you qualify for any additional discounts?
  • Does the agent recommend any additional coverage?
  • Is every driver in your family covered?

When to get professional advice

Always remember that when buying the right insurance coverage, there really is no "best" method to buy coverage. Everyone's needs are different.Drive safe and save

For instance, these questions could help you determine if your insurance needs might need an agent's assistance.

  • Are my tools covered if they get stolen from my vehicle?
  • When should I have rental car coverage?
  • Do I pay less for low miles?
  • Are rental cars covered under my policy?
  • Am I covered if hit by an uninsured driver?
  • Is my nanny covered when transporting my kids?
  • Who sells insurance for high-risk drivers?

If you don't know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, complete this form. It's fast, free and can provide invaluable advice.

One last thing about your coverage

In this article, we covered a lot of techniques to shop for Mazda MX-5 Miata insurance online. It's most important to understand that the more you quote Jacksonville auto insurance, the better your comparison will be. Drivers may even discover the best car insurance rates are with a small mutual company.

Insureds leave their current company for a number of reasons such as unfair underwriting practices, delays in responding to claim requests, not issuing a premium refund and high prices. It doesn't matter what your reason, finding a new auto insurance company is easier than you think.

As you restructure your insurance plan, it's very important that you do not sacrifice coverage to reduce premiums. There are too many instances where an insured dropped full coverage only to regret at claim time they didn't have enough coverage. Your objective should be to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

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