Save Money on Mazda MX-5 Miata Insurance in Phoenix

There isn’t anyone who is fond of buying auto insurance, especially knowing they could lower their rates if they shopped around.

Insurance quote for Mazda MX-5 Miata in PhoenixUnbelievable but true, a large majority of auto insurance policyholders kept their coverage with the same auto insurance company for over three years, and nearly 40% of drivers have never even shopped around for cheap coverage. Phoenix drivers could pocket as much as 50% a year, but they don’t want to take the time to compare rates and save money.

Big companies like Allstate and Progressive continually hit you with ads and it can be hard to ignore the promise of big savings and find the best price available.

If you have a current car insurance policy, you should be able to cut your premiums using these techniques. Choosing the best rates in Phoenix seems hard but is not really that difficult. Although Arizona vehicle owners do need to understand how big insurance companies determine prices and use it to find better rates.

The majority of larger companies give prices for coverage on the web. Getting quotes for Mazda MX-5 Miata insurance in Phoenix is fairly simple because it’s just a matter of typing in the amount of coverage you want as detailed in the form. When the form is submitted, their quoting system obtains information on your driving record and credit history and gives you a price quote based on the data you entered. Quoting online for Mazda MX-5 Miata insurance in Phoenix makes it easy to compare insurance prices and it’s necessary to get many rate quotes if you want to find affordable rates.

In order to compare pricing, take a look at the companies shown below. To compare your current rates, we recommend that you enter the coverage information just like they are on your policy. This guarantees you will have comparison quotes using the same coverage and limits.

The companies in the list below offer price quotes in Phoenix, AZ. If multiple companies are listed, it’s highly recommended you visit as many as you can to get a more complete price comparison.

Mazda MX-5 Miata Insurance Rates in Phoenix, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $194 $376 $268 $16 $80 $934 $78
MX-5 Miata Touring 2-Dr Convertible $232 $390 $254 $16 $76 $968 $81
MX-5 Miata Grand Touring 2-Dr Convertible $124 $240 $268 $16 $80 $728 $61
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in zip code location which can modify coverage prices noticeably.

Full coverage versus liability only rates

The example below illustrates the difference between Mazda MX-5 Miata auto insurance rates with full coverage compared to only the Arizona minimum liability coverage. The rates are based on a clean driving record, no claims, $500 deductibles, single male driver, and no discounts are taken into consideration.

When to drop full coverage

There is no clear-cut formula to drop comp and collision coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Mazda MX-5 Miata replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after paying your policy deductible. If you are paying in excess of $600 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some circumstances where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Companies offer lots of discounts on Mazda MX-5 Miata insurance in Phoenix

Some insurance providers do not advertise all possible discounts in an easy-to-find place, so we took the time to find some of the best known and the more hidden credits available to bring down your rates. If you do not double check each discount available, it’s possible you qualify for a lower rate.Car insurance discounts

You should keep in mind that some of the credits will not apply to the entire cost. Most only cut the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like you could get a free car insurance policy, it’s just not the way it works.

Car insurance companies that may offer quotes with most of these discounts include:

When quoting, ask every company which discounts they offer. Some of the earlier mentioned discounts may not apply to policyholders in Phoenix. To see insurance companies that offer multiple discounts in Phoenix, click here.

Car insurance is an important decision

Despite the fact that car insurance is not cheap in Phoenix, insurance is required for several reasons.

The benefits of carrying enough insurance more than cancel out the cost, especially with large liability claims. But the average American driver is overpaying more than $830 a year so compare quotes from several companies at least once a year to make sure the price is not too high.

Compare rate quotes but still have a local Phoenix insurance agent

Some people just want to talk to a local agent and doing that can be a smart decision The best thing about comparing auto insurance online is that you can obtain better rates but still work with a licensed agent.

Phoenix insurance agentsOnce you complete this short form, the quote information is immediately sent to insurance agents in Phoenix who want to provide quotes for your insurance coverage. You won’t even need to leave your computer as quotes are delivered directly to you. Get lower rates AND a local agent. If you have a need to quote rates from one company in particular, you can always visit that company’s website to submit a rate quote request.

Picking the best insurance company shouldn’t rely on just the premium amount. Any agent in Phoenix should be willing to answer these questions.

Exclusive and independent Phoenix car insurance agents

When narrowing the list to find a local agent, it helps to know the two types of insurance agents from which to choose. Auto insurance agents are considered either independent agents or exclusive agents depending on their employer.

Exclusive Agencies

These agents normally can only provide a single company’s rates and examples are Allstate, AAA, Farmers Insurance, and State Farm. They usually cannot shop your coverage around so they have to upsell other benefits. These agents are very knowledgeable on their company’s products which helps them sell on service rather than price.

The following is a list of exclusive agents in Phoenix that can give you rate quotes.

1630 N 7th StPhoenix, AZ 85006(602) 252-1330View Map

9515 W Camelback Rd #134Phoenix, AZ 85037(602) 234-3426View Map

4225 W Bell RdPhoenix, AZ 85053(602) 938-4491View Map

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Independent Auto Insurance Agents

Agents that choose to be independent are not limited to a single company so they can write business through many companies and find you cheaper rates. If your agent finds better pricing, the agent simply finds a different carrier and you stay with the same agent. When comparing auto insurance prices, it’s recommended you contact at a minimum one independent agency to maximize your price options.

Listed below is a short list of independent agencies in Phoenix that can give you price quotes.

7602 S Central AvePhoenix, AZ 85042(602) 276-0002View Map

16815 S Desert Foothills Pkwy #140Phoenix, AZ 85048(480) 423-3444View Map

3510 E Bell Rd # 2Phoenix, AZ 85032(602) 493-2300View Map

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