How to Save on Mazda MX-5 Miata Insurance in Stockton

The recommended way to get the cheapest Mazda MX-5 Miata insurance in Stockton is to start comparing prices regularly from insurance carriers who sell auto insurance in California. This can be done by following these steps.

Step 1: Read and learn about the different coverages in a policy and the measures you can take to drop your rates. Many risk factors that drive up the price like traffic citations, accidents, and an imperfect credit score can be rectified by making minor driving habit or lifestyle changes.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like Progressive and State Farm, while independent agents can quote prices from multiple insurance companies.

Step 3: Compare the new quotes to your existing rates and see if there is a cheaper rate in Stockton. If you find a better price and decide to switch, make sure there is no coverage gap between policies.

Step 4: Provide proper notification to your current company to cancel your current coverage and submit payment and a completed application for the new policy. When you receive it, put the new certificate of insurance somewhere easily accessible.

One thing to point out is to try to compare similar coverage information on every quote and to quote with as many companies as you can. This enables a level playing field and the most accurate and complete price analysis.

It’s safe to assume that insurance companies don’t want you shop around. Drivers who shop around for cheaper rates are inclined to move their business because there is a great chance of finding a lower rate. A recent insurance study revealed that people who compared price quotes annually saved $850 each year compared to those who didn’t regularly shop around.

If finding the lowest rates on car insurance is your ultimate goal, then having an understanding of how to shop for insurance premiums can save time and money.

The purpose of this post is to introduce you to the most effective way to quote insurance and some tips to save money. If you have a current insurance policy, you will surely be able to lower your rates using the following tips. But California consumers need to learn the methods companies use to sell insurance online because it varies considerably.

Mazda MX-5 Miata insurance rates and statistics

The price information shown next covers different prices for Mazda MX-5 Miata models. Having insight into how insurance prices are formulated helps drivers make decisions on which coverage to buy.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in Stockton location which can impact price quotes significantly.

Physical damage deductible comparison

One of the more difficult decisions when buying insurance is how high or low should comp and collision deductibles be. The rates below can help illustrate the cost difference when you buy lower versus higher comp and collision deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Prices do not factor in garaging location in Stockton which can affect auto insurance rates substantially.

Based on these figures, using a $250 deductible costs approximately $29 more each month or $348 for a full year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 26 months between claim filings, you would come out ahead if you choose a higher deductible. Here’s the way we made this calculation.

One big caveat is that raising deductibles to get cheaper rates results in more money out-of-pocket when you file a claim. You will want to have some funds available in the event you have to pay the deductible.

The Mazda MX-5 Miata Insurance Price Equation

Lots of things are considered when premium rates are determined. A few of the factors are predictable such as traffic violations, although some other factors are more transparent such as your marital status and annual miles driven. An important part of buying insurance is that you know a few of the rating criteria that come into play when calculating your car insurance rates. If you have a feel for what impacts premium levels, this enables informed choices that can earn you better car insurance rates.

The items below are some of the most common factors companies use to determine your premiums.

• Insurance is expensive for youthful drivers – Older insureds are more responsible, statistically cause fewer accidents, and are safer drivers. Drivers with little experience have a tendency to be more careless when at the wheel of a vehicle therefore car insurance rates are much higher.

  The following chart is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

• Lower rates by staying claim free – Companies in California generally give better rates to policyholders who are not frequent claim filers. If you file a lot of claims you can pretty much guarantee increased rates or even have your policy non-renewed. Auto insurance is intended for the large, substantial claims.
• Liability is peace of mind – The liability coverage on your policy will provide protection when a jury decides you are liable for damages caused by your negligence. This coverage provides legal defense starting from day one. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
• Extra coverages you don’t use – There are a ton of extra coverages that can add up if you aren’t diligent. Insurance for vanishing deductibles, high-cost glass coverage, and extra equipment coverage are probably not needed. These may sound like a good investment when you first buy your policy, but now you might not need them so get rid of them and save.
• Multiple policies with one company – Most insurance companies allow lower prices to policyholders that buy multiple policies such as combining an auto and homeowners policy. If you currently are using one company, it’s always a smart idea to compare Mazda MX-5 Miata rates in Stockton to confirm you are receiving the best rates possible.

• Insurance loss data for a Mazda MX-5 Miata – Insurers use data from past claims to help determine the rate you pay. Vehicles that have a trend towards higher claim severity or frequency will have higher rates for specific coverages.

  The table below shows the historical loss data for Mazda MX-5 Miata vehicles. For each policy coverage type, the claim probability for all vehicles averaged together is represented as 100. Percentages below 100 suggest losses that are better than average, while values that are above 100 indicate frequent claims or statistically larger losses.

  
  

  Insurance Loss Ratings for Mazda MX-5 Miata Vehicles

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

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

A conclusion for your insurance search

When trying to cut insurance costs, don’t be tempted to skimp on coverage in order to save money. In many instances, an insured dropped liability coverage limits to discover at claim time they didn’t have enough coverage. Your focus should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

Cost effective Mazda MX-5 Miata insurance is available both online as well as from insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies may not have the ability to get a quote online and usually these smaller companies prefer to sell through independent agencies.

We just presented quite a bit of information on how to get a better price on Mazda MX-5 Miata insurance in Stockton. The key thing to remember is the more quotes you get, the better likelihood of getting affordable Stockton auto insurance quotes. Consumers could even find that the lowest car insurance rates are with a small local company. They can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

Additional insurance information can be found at these links:

• Side Impact Crash Tests (iihs.org)
• Who Has the Cheapest Auto Insurance for Lyft Drivers in Stockton? (FAQ)
• What Auto Insurance is Cheapest for a School Permit in Stockton? (FAQ)
• Who Has Cheap Auto Insurance Rates for Unemployed Drivers in Stockton? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for a Nissan Sentra in Stockton? (FAQ)
• What Auto Insurance is Cheapest for a Hyundai Santa Fe in Stockton? (FAQ)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Auto Theft Statistics (Insurance Information Institute)
• Child Safety Seats (Insurance Information Institute)
• Get the Right Protection (InsureUonline.org)