Find Cheaper Mazda MX-5 Miata Insurance in Bakersfield

How long has it been since you sat down and looked for low-cost Mazda MX-5 Miata insurance in Bakersfield? Consumers who are new to shopping for auto insurance online will find buying cheaper MX-5 Miata insurance is harder than it needs to be.

Steps to finding lower priced Mazda MX-5 Miata insurance in Bakersfield

The best way to get the cheapest Mazda MX-5 Miata insurance in Bakersfield is to start doing a yearly price comparison from companies in California.

First, try to learn about car insurance and the steps you can take to keep rates down. Many risk factors that cause high rates like inattentive driving and a not-so-good credit rating can be eliminated by making minor changes in your lifestyle. Continue reading for more information to help keep prices low and find overlooked discounts.

Second, compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO and State Farm, while agents who are independent can quote prices from multiple companies.

Third, compare the quotes to your existing rates to see if you can save by switching companies. If you find a better price and change companies, make sure coverage does not lapse between policies.

Fourth, notify your agent or company of your intention to cancel your current car insurance policy. Submit a completed application and payment to your new carrier. Don’t forget to put the proof of insurance paperwork along with the vehicle’s registration papers.

One tip to remember is to make sure you enter identical coverages on every quote request and and to get prices from every company you can. This provides an apples-to-apples comparison and a thorough selection of prices.

Shocking but true, about 70% of customers have purchased from the same company for a minimum of four years, and almost half have never compared rates from other carriers. With the average auto insurance premium being $1,847, American drivers can save hundreds of dollars each year, but most just don’t grasp how much money they would save if they replace their high priced policy.

It’s smart to take a look at other company’s rates on a regular basis since insurance prices are adjusted regularly by insurance companies. Just because you had the lowest price on Mazda MX-5 Miata insurance in Bakersfield a few years ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about auto insurance because we’re going to demonstrate the tricks you need to know to get good coverage on Mazda MX-5 Miata insurance in Bakersfield at a lower rate.

When price shopping your coverage, comparing a large number of companies increases the chance that you will find the best rates. Not every company provides rate quotes online, so it’s necessary to compare quotes on coverage from those companies, too.

The companies shown below provide comparison quotes in California. If the list has multiple companies, we recommend you visit as many as you can in order to get a fair rate comparison.

Three main reasons to buy insurance

Even though Bakersfield MX-5 Miata insurance rates can get expensive, paying for insurance is required by state law in California and it also provides benefits you may not be aware of.

• The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you took out a loan on your vehicle, it’s most likely the lender will force you to have insurance to ensure they get paid if you total the vehicle. If you default on your policy, the bank will be required to insure your Mazda at a much higher premium rate and require you to pay for it.
• Insurance protects your vehicle and your assets. It will also cover medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay to defend you if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of insuring your car are definitely more than the cost, especially when you need to use it. Despite what companies tell you, the average driver overpays as much as $750 every year so it’s very important to do a rate comparison at every renewal to make sure the price is not too high.

Rates and statistics

The rate information shown below showcases different rate quotes for Mazda MX-5 Miata models. Having a better idea how auto insurance policy rates are formulated can assist in making smart choices when selecting a coverage provider.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rates do not factor in Bakersfield location which can modify premium rates considerably.

Car insurance deductibles

When buying car insurance, a common question is which deductible level should you buy. The following insurance rates can help illustrate how much more rates are between low and high deductibles. The first set of rates uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Table data does not factor in specific location information which can impact premiums considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $29 more each month or $348 for a full year than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 26 months between claims, you would save money if you choose a higher deductible.

The information below demonstrates how choosing different deductibles and can affect Mazda MX-5 Miata insurance prices for different ages of insureds. The rates are based on a married male driver, comp and collision included, and no discounts are taken into consideration.

Impact of careless driving on car insurance rates

The chart below shows how speeding tickets and accident claims can drive up Mazda MX-5 Miata auto insurance costs for each age group. The prices are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

Should you buy full coverage?

The diagram below shows the comparison of Mazda MX-5 Miata insurance premiums with full physical damage coverage and with liability coverage only. The rate quotes are based on no claims or driving citations, $250 deductibles, marital status is single, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no exact formula of when to stop paying for full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Mazda MX-5 Miata claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after the deductible is paid. If you are paying in excess of $800 annually for full coverage, then you may want to consider only buying liability coverage.

There are some cases where dropping full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Don’t neglect these discounts

Some insurers don’t list every policy discount very clearly, so we took the time to find some of the best known and also the more inconspicuous credits available to bring down your rates.

• Save over 55 – Seniors may be able to get a small discount on rates.
• Good Drivers – Insureds without accidents may receive a discount up to 45% than drivers with accidents.
• Theft Deterrent Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and qualify for as much as a 10% discount.
• Anti-lock Brake Discount – Cars with ABS and/or traction control are much safer to drive so companies give up to a 10% discount.
• Student in College – Kids who live away from home at college and do not have access to a covered vehicle could qualify for this discount.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Some only apply to individual premiums such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, companies don’t profit that way. Any amount of discount will bring down your overall premium however.

The diagram below compares Mazda MX-5 Miata insurance costs with and without discounts applied. The data assumes a female driver, no tickets, no at-fault accidents, California state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, safe-driver, marriage, and homeowner discounts applied.

A list of companies and their possible discounts are detailed below.

• State Farm may offer discounts for multiple policy, Steer Clear safe driver discount, student away at school, accident-free, and defensive driving training.
• Progressive offers discounts including multi-policy, online signing, continuous coverage, online quote discount, multi-vehicle, good student, and homeowner.
• Progressive discounts include online signing, good student, homeowner, continuous coverage, multi-vehicle, online quote discount, and multi-policy.
• MetLife offers discounts for good driver, defensive driver, claim-free, multi-policy, accident-free, and good student.
• Farm Bureau includes discounts for multi-vehicle, safe driver, 55 and retired, youthful driver, multi-policy, driver training, and renewal discount.
• GEICO has savings for defensive driver, driver training, anti-lock brakes, military active duty, multi-vehicle, and emergency military deployment.
• SAFECO may have discounts that include homeowner, teen safe driver, drive less, anti-lock brakes, and safe driver.

It’s a good idea to ask every company to give you their best rates. Some discounts might not be offered on policies in Bakersfield. To choose providers who offer car insurance discounts in California, click here to view.