Mazda MX-5 Miata Insurance Rate Quotes in Scottsdale

Insurance for Mazda MX-5 MiataThe best way we recommend to find cheaper Mazda MX-5 Miata insurance in Scottsdale is to start comparing prices regularly from insurance carriers in Arizona. This can be done by following these guidelines.

The critical component of shopping around is to try to use identical coverages on each quote and and to get quotes from as many carriers as you can. This guarantees a fair rate comparison and and a good selection of different prices.

Shocking but true, almost 70% of insureds renewed their policy with the same company for four years or more, and approximately 38% of consumers have never shopped around. Most drivers in Arizona could save approximately $730 each year, but they don’t know the amount of savings they would get if they moved their coverage to a different company.

The fastest way that we advise to get rate comparisons for Mazda MX-5 Miata insurance in Scottsdale is to know auto insurance companies actually pay money for the chance to compare their rates. The one thing you need to do is provide information like if a SR-22 is needed, how much education you have, deductibles desired, and if it has an alarm system. Those rating factors gets transmitted to many different companies and you will get price comparisons almost instantly.

To compare multiple company cheap Mazda MX-5 Miata insurance rates now, click here and see if a lower rate is available in Scottsdale.

The companies in the list below provide price quotes in Scottsdale, AZ. To find cheap auto insurance in Scottsdale, AZ, it’s highly recommended you visit several of them in order to find the most competitive rates.

Mazda MX-5 Miata insurance statistics and information

The rate information below outlines a range of insurance coverage prices for Mazda MX-5 Miata models. Learning a little about how policy premiums are figured helps drivers make informed decisions when comparing rate quotes.

Mazda MX-5 Miata Insurance Rates in Scottsdale, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $128 $220 $244 $14 $74 $680 $57
MX-5 Miata Touring 2-Dr Convertible $146 $268 $244 $14 $74 $746 $62
MX-5 Miata Grand Touring 2-Dr Convertible $146 $268 $244 $14 $74 $746 $62
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium amounts do not factor in specific Scottsdale garaging location which can modify premium rates considerably.

Higher deductibles lower rates

A question often asked by Scottsdale drivers is what deductibles to buy. The comparison tables below sum up the difference in cost of buying low and high comp and collision deductibles. The first table uses a $100 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Mazda MX-5 Miata insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $224 $382 $254 $16 $76 $977 $81
MX-5 Miata Touring 2-Dr Convertible $258 $466 $254 $16 $76 $1,095 $91
MX-5 Miata Grand Touring 2-Dr Convertible $258 $466 $254 $16 $76 $1,095 $91
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Mazda MX-5 Miata insurance 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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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Information does not factor in vehicle location which can raise or lower insurance rates noticeably.

We can derive from the above data that using a $100 deductible would cost the average driver about $29 more each month or $348 a year than opting for 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 tend to go at a minimum 31 months between claims, you would save money if you choose a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $88
Average monthly premium for $1,000 deductibles (subtract): – $59
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

How accidents and violations affect rates

The diagram below illustrates how violations and accident claims can impact Mazda MX-5 Miata insurance premiums for different insured age categories. Data assumes a married female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

Insurance premiums for males and females

The illustration below illustrates the comparison of Mazda MX-5 Miata insurance costs for male and female drivers. The rates are based on no claims, a clean driving record, full physical damage coverage, $500 deductibles, single status, and no additional discounts are factored in.

Comparison of full coverage and liability-only policies

The information below illustrates the comparison of Mazda MX-5 Miata premium costs when comparing full coverage to liability only. The rate quotes are based on no claims or violations, $1,000 deductibles, single marital status, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no set rule of when to stop paying for physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Mazda MX-5 Miata claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $8,000 after paying the physical damage deductible. If it’s costing in excess of $800 annually for full coverage, then you may need to consider dropping full coverage.

There are some circumstances where removing full coverage is not financially feasible. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Protect your MX-5 Miata and other assets

Despite the potentially high cost of Mazda MX-5 Miata insurance, buying auto insurance is required in Arizona but also provides important benefits.

The benefits of insuring your car are definitely more than the cost, specifically if you ever have a liability claim. Unknowingly, the average driver overpays more than $800 each year so you should quote and compare rates every year to save money.

Informed Drivers Know How to Buy Auto Insurance Cheaper

Part of the auto insurance buying process is learning the rating factors that help calculate the rates you pay for auto insurance. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that could help you find better auto insurance rates. Many different elements are used in the calculation when quoting car insurance. Some are pretty understandable such as traffic violations, but other criteria are not quite as obvious such as whether you are married or how financially stable you are.

Consolidate policies and save money – Most major auto insurance companies afford a discount for people that purchase more than one policy such as combining an auto and homeowners policy. This can amount to ten or even fifteen percent. Even with this discount, it’s always a smart idea to compare Mazda MX-5 Miata rates in Scottsdale to confirm you are receiving the best rates possible.

Cars with good safety ratings save money – Vehicles with good safety scores cost less to insure. Vehicles built for safety protect occupants better and fewer injuries means less claims paid passed on to you as lower rates. If your Mazda MX-5 Miata earned at least four stars on or an “acceptable” rating on you may be receiving a better rate.

Prevent theft and save – Owning a car with advanced anti-theft systems can save you a little every year. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft and help bring rates down.

Never let your coverage expire – Having a gap between insurance policy dates is a fast way to increase your rates. Not only will rates go up, not being able to provide proof of insurance will get you a hefty fine and possibly a revoked license. You may then be required to submit proof of financial responsibility or a SR-22 with the Arizona motor vehicle department.

Liability coverage – Your auto insurance policy’s liability coverage is the coverage that protects you if ever you are responsible for causing damage or personal injury in an accident. Liability insurance provides legal defense which can be incredibly expensive. It is affordable coverage when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.

Lower rates for married couples – Being married can get you a discount on your auto insurance bill. Having a significant other generally demonstrates drivers are more financially stable it has been statistically shown that married drivers get in fewer accidents.

Policy add-ons add up – Insurance policies have a lot of add-on coverages that may not really be needed if you aren’t diligent. Add-on coverages like vanishing deductibles, better glass coverage, and membership fees are examples of these. You may think they are a good idea initially, but if you have no use for them remove them from your policy.

Auto insurance rates and age – Teenage drivers in Arizona have a tendency to be less responsible when behind the wheel so auto insurance rates are higher. Mature drivers tend to be more responsible, are lower risk to insure, and are generally more financially stable.

The following chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

Insurance loss statistics a Mazda MX-5 Miata – Car insurance companies include the past claim history for a vehicle to calculate a price that will offset any claims. Vehicles that historically have a higher amount or frequency of claims will have higher rates.

The next table illustrates the loss history for Mazda MX-5 Miata vehicles. For each coverage type, the claim amount for all vehicles averaged together is set at 100. Percentage values below 100 suggest a positive loss record, while values over 100 point to more claims or an increased chance of larger losses than average.

Mazda MX-5 Miata Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Mazda MX-5 Miata Convertible 76 61 74 72

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years

Cheaper rates on Mazda MX-5 Miata insurance in Scottsdale with these auto insurance discounts

Car insurance companies don’t always list every discount in a way that’s easy to find, so the list below gives a summary of both the well known and the more hidden credits that you can use to lower your rates.Auto insurance discounts

You can save money using discounts, but many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, that’s just not realistic.

The information below visualizes the comparison of Mazda MX-5 Miata insurance rates with and without some available policy discounts. The information is based on a male driver, no claims, a clean driving record, Arizona state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, multi-policy, safe-driver, and marriage discounts applied.

To choose auto insurance companies offering auto insurance discounts in Arizona, click this link.

When should I have guidance from an insurance agency?

A lot of people would rather sit down and talk to an agent and that is just fine! Licensed agents are highly skilled in risk management and help file insurance claims. A good thing about comparing rates online is that drivers can save money and get cheap insurance rates but also keep your business local. Supporting neighborhood agents is important especially in Scottsdale.

Scottsdale insurance agentsUpon completion of this form (opens in new window), the quote information is transmitted to local insurance agents in Scottsdale who can give free rate quotes for your insurance coverage. There is no reason to even leave your home because quoted prices will be sent to your email. If you have a need to get a comparison quote from a particular provider, just go to their quote page and submit a quote form there.

If you need to find a good insurance agency, you need to know there are two different types of agents and how they can write your policy. Agents in Scottsdale can be classified as either independent agents or exclusive agents depending on their employer. Either one can provide insurance policies, but it’s worth learning how they are different since it may influence which type of agent you select.

Independent Insurance Agents

These type of agents are not employed by any specific company so they can write business through many different insurance companies and help determine which has the cheapest rates. To move your coverage to a new company, an independent agent can move your coverage and you don’t have to do anything.

When comparing insurance prices, we highly recommend that you include a couple of independent agencies to get the most accurate price comparison. Most also have access to additional companies that you may not be familiar with that may provide cheaper insurance rates.

Featured below is a list of independent agencies in Scottsdale that may be able to give rate quotes.

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Exclusive Insurance Agencies

Agents that choose to be exclusive can usually just insure with one company like Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot compare other company’s rates so it’s a take it or leave it situation. Exclusive agencies are usually well trained on their products and sales techniques which helps overcome the inability to quote other rates. Consumers often choose to use an exclusive agent partially due to the brand and strong financial ratings.

Listed below are exclusive agents in Scottsdale willing to provide price quote information.

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Finding the right car insurance agent should include more criteria than just the bottom line cost. You should also get answers to these questions.

Insurance savings summarized

While you’re price shopping online, never reduce coverage to reduce premium. There have been many situations where consumers will sacrifice liability limits or collision coverage and learned later they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage at the best price, but do not skimp to save money.

Insureds leave their current company for a variety of reasons including questionable increases in premium, denial of a claim, unfair underwriting practices or even extreme rates for teen drivers. Whatever your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.

Cheap Mazda MX-5 Miata insurance in Scottsdale can be purchased from both online companies as well as from independent agents in Scottsdale, so get free Scottsdale car insurance quotes from both of them in order to have the best chance of saving money. There are still a few companies who may not offer the ability to get a quote online and these regional carriers prefer to sell through local independent agencies.

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