Would you like to save money by finding lower-priced Mazda MX-5 Miata insurance in Fort Worth? Locating more affordable Fort Worth Mazda MX-5 Miata insurance quotes may seem to be difficult for drivers new to quoting and comparing and buying insurance on the internet. With so many agents and online companies, how can drivers even start to compare the different rates to find cheaper insurance prices?
How to save money on Mazda MX-5 Miata insurance in Fort Worth
Truthfully, the best way to get more affordable Mazda MX-5 Miata insurance is to start doing an annual price comparison from providers who provide auto insurance in Fort Worth. Rate comparisons can be done by following these steps.
- Step 1: Gain an understanding of how your policy works and the changes you can make to lower rates. Many things that result in higher rates such as traffic violations and an unfavorable credit rating can be controlled by making minor changes in your lifestyle. Later in this article we will cover more ideas to help reduce prices and earn a bigger discount.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO and State Farm, while agents who are independent can quote prices from multiple sources.
- Step 3: Compare the quotes to your existing rates to see if a cheaper rate is available. If you can save money, make sure there is no coverage gap between policies.
- Step 4: Provide notification to your current company of your decision to cancel your existing policy. Submit a completed policy application and payment for the new coverage. Once the application is submitted, keep your new proof of insurance certificate in an easily accessible location in your vehicle.
One piece of advice is that you use identical limits and deductibles on each quote and and to get rates from every company you can. Doing this helps ensure a fair rate comparison and a thorough selection of prices.
Unbelievably, the vast majority of consumers have purchased from the same company for four years or more, and roughly 40% of drivers have never even shopped around for cheaper coverage. Most drivers in Fort Worth could pocket as much as $1,800 a year, but they mistakenly think it’s difficult to save money by comparing rate quotes.
If you currently have a car insurance policy, you will definitely be able to get lower rates using the ideas you’re about to read. Comparison shopping for more affordable policy in Fort Worth is not as confusing as people think. But Texas car owners must understand how companies determine how much to charge because it can help you find the best coverage.
Fort Worth Insurance Prices are Influenced by These Factors
Many different elements are used when quoting car insurance. Some factors are common sense such as your driving record, although some other factors are less obvious such as your credit history and annual miles driven. An important part of buying insurance is that you know the rating factors that play a part in calculating your policy premiums. If you have a feel for what controls the rates you pay, this enables you to make decisions that may reward you with big savings.
The following are a few of the “ingredients” utilized by car insurance companies to help set your premiums.
Performance makes a difference – The performance level of the car or truck you are trying to find cheaper insurance for makes a significant difference in how high your rates are. Lower performance four cylinder passenger cars usually are quite affordable to insure, but other factors influence the final cost greatly.
The chart below assumes a married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. The data compares Mazda MX-5 Miata policy rates compared to other vehicles that have different performance risks.
Rates can drop if you have more than one policy – Most car insurance companies give a discount to customers who consolidate policies with them. It’s known as a multi-policy discount. The amount of the discounts can be as much as ten percent or more Even though this discount sounds good, consumers should still compare other company rates to guarantee you are still saving the most.
Responsible drivers pay less – Your driving citation history has a big impact on rates. Careful drivers have lower premiums compared to bad drivers. Just one chargeable violation can bump up the cost twenty percent or more. Drivers who have license-revoking citations like reckless driving or DUI may be required to prove financial responsibility with their state DMV in order to drive a vehicle legally.
The example below highlights how traffic violations and accident claims drive up Mazda MX-5 Miata insurance costs for different insured age categories. The premium estimates are based on a single female driver, full coverage, $250 deductibles, and no additional discounts are factored in.
Drivers with responsible credit save – Having a bad credit score is likely to be a major factor in calculating your car insurance rates. Drivers who have good credit tend to be more responsible than those with lower credit ratings. If your credit rating can be improved, you could save money insuring your Mazda MX-5 Miata by taking the time to improve your credit score.
Frequent policy claims increase car insurance rates – Car insurance companies in Texas give the best rates to drivers who do not rely on their insurance for small claims. If you file claims often, you can definitely plan on higher premiums or even policy non-renewal. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
Your car’s features help determine prices – Purchasing a vehicle with anti-theft technology or alarm system can help bring down rates. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.
Teenagers vs. older drivers – Teenage drivers in Texas are proven to be more careless with other occupants in the car and because of this, their car insurance rates are much higher. Adding a teenage driver to your car insurance policy can be quite pricey. Older insureds tend to be more responsible, are lower risk to insure, and get fewer tickets.
The following data assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
Mazda MX-5 Miata insurance loss data – Auto insurance companies use past insurance losses when they calculate premium prices for each model. Vehicles that tend to have increased claim numbers or amounts will have a higher premium rate.
The next table illustrates the actual insurance loss data for Mazda MX-5 Miata vehicles. For each type of coverage, the claim probability for all vehicles, regardless of make or model, is represented as 100. Numbers under 100 imply a favorable loss record, while values over 100 indicate more frequent claims or larger claims.
|Specific Mazda 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The method we recommend to compare car insurance rates for Mazda MX-5 Miata insurance in Fort Worth is to know the fact all the major auto insurance companies participate in online systems to give free rates quotes. The only thing you need to do is give them some information such as which vehicles you own, types of safety features, how much school you completed, and if a SR-22 is required. Your rating data is instantly provided to insurance companies and they return cost estimate very quickly.
To find lower affordable Mazda MX-5 Miata insurance rates now, click here and enter your coverage details.
The following companies are our best choices to provide price quotes in Texas. If more than one company is shown, it’s a good idea that you visit as many as you can to get the best price comparison.
Mazda MX-5 Miata insurance rates and statistics
The data table below covers different insurance coverage prices for Mazda MX-5 Miata models. Learning how auto insurance premiums are calculated helps drivers make smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MX-5 Miata Sport 2-Dr Convertible||$136||$252||$366||$22||$110||$886||$74|
|MX-5 Miata Touring 2-Dr Convertible||$156||$306||$366||$22||$110||$960||$80|
|MX-5 Miata Grand Touring 2-Dr Convertible||$156||$306||$366||$22||$110||$960||$80|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in your specific Fort Worth location which can revise premiums considerably.
Car insurance deductibles
One of the hardest decisions when shopping for car insurance is at what level do you set your deductibles. The premium rates below highlight the difference in cost between high and low coverage deductibles. The first rate table uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MX-5 Miata Sport 2-Dr Convertible||$286||$486||$324||$20||$96||$1,237||$103|
|MX-5 Miata Touring 2-Dr Convertible||$328||$592||$324||$20||$96||$1,385||$115|
|MX-5 Miata Grand Touring 2-Dr Convertible||$328||$592||$324||$20||$96||$1,385||$115|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MX-5 Miata Sport 2-Dr Convertible||$158||$256||$324||$20||$96||$854||$71|
|MX-5 Miata Touring 2-Dr Convertible||$182||$312||$324||$20||$96||$934||$78|
|MX-5 Miata Grand Touring 2-Dr Convertible||$182||$312||$324||$20||$96||$934||$78|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in your specific Fort Worth location which can revise coverage prices significantly.
Based on the figures above, using a $100 deductible will cost you roughly $35 more each month or $420 each year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 26 months between claim filings, you would probably be better off if you opt for a higher deductible.
How to calculate if a higher deductible is a good decision
|Average monthly premium for $100 deductibles:||$111|
|Average monthly premium for $1,000 deductibles (subtract):||– $76|
|Monthly savings from raising deductible:||$35|
|Difference between deductibles ($1,000 – $100):||$900|
|Divide difference by monthly savings:||$900 / $35|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||26 months|
One important note is that a higher deductible level means you will have to cover more of the damage yourself at claim time. You need to make sure you have enough disposable savings in order to pay the higher deductible in order to repair your vehicle.
Why you need Mazda vehicle insurance in Texas
Despite the high insurance cost for a Mazda MX-5 Miata in Fort Worth, insuring your vehicle is a good idea for several reasons.
First, just about all states have minimum liability requirements which means you are required to buy specific minimum amounts of liability in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your Mazda MX-5 Miata, it’s guaranteed your bank will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If you let the policy lapse, the bank may insure your Mazda at a more expensive rate and force you to pay the higher price.
Third, insurance safeguards your car and your assets. Insurance will also pay for many types of medical costs for not only you but also any passengers injured in an accident. Liability insurance will also pay attorney fees if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying auto insurance definitely exceed the price paid, particularly when you have a large claim. As of last year, the average driver in Texas overpays as much as $865 each year so compare rate quotes every year to be sure current rates are still competitive.
Cheaper rates with these discounts on Mazda MX-5 Miata insurance in Fort Worth
Auto insurance companies don’t always publicize every available discount in a way that’s easy to find, so the list below gives a summary of a few of the more common and also the lesser-known discounts you could be receiving when you buy Fort Worth car insurance online.
- E-sign – Some auto insurance companies will provide an incentive for buying your policy over the internet.
- Distant Student – College-age children who live away from home at college and do not have access to a covered vehicle may qualify for this discount.
- Use Seat Belts – Requiring all passengers to use a seat belt can save up to 10 percent (depending on the company) off PIP or medical payments premium.
- Early Payment Discounts – By paying your policy upfront rather than paying monthly you could save up to 5%.
- Senior Discount – Drivers that qualify as senior citizens can get better auto insurance rates.
- Bundled Policy Discount – When you have multiple policies with one company you could get a discount of up to 20% and get you inexpensive Mazda MX-5 Miata insurance in Fort Worth.
- Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and qualify for as much as a 10% discount.
- Government Employees – Active or former government employment could cut as much as 10% off with certain companies.
- Own a Home – Owning a home in Fort Worth may trigger a policy discount on auto insurance because of the fact that having a home requires personal responsibility.
One thing to note about discounts is that most of the big mark downs will not be given to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. So even though you would think it’s possible to get free car insurance, company stockholders wouldn’t be very happy.
The illustration below illustrates the comparison of Mazda MX-5 Miata premium costs with and without discounts applied to the rates. Data assumes a male driver, no accidents, no driving violations, Texas 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 safe-driver, multi-policy, claim-free, marriage, multi-car, and homeowner discounts applied.
Larger auto insurance companies and a partial list of their discounts are outlined below.
- State Farm has discounts for Drive Safe & Save, Steer Clear safe driver discount, accident-free, safe vehicle, multiple autos, good driver, and good student.
- Nationwide may offer discounts for accident-free, business or organization, multi-policy, defensive driving, and anti-theft.
- GEICO includes discounts for military active duty, defensive driver, daytime running lights, emergency military deployment, and membership and employees.
- AAA offers discounts for good driver, pay-in-full, anti-theft, education and occupation, and good student.
- 21st Century discounts include good student, homeowners, student driver, anti-lock brakes, automatic seat belts, driver training, and air bags.
- The Hartford offers discounts including vehicle fuel type, bundle, driver training, anti-theft, and defensive driver.
When getting a coverage quote, ask all the companies the best way to save money. Some discounts listed above may not apply to policyholders in every state. To view providers that offer multiple discounts in Fort Worth, click here.
When to have guidance from an agent
A lot of people would prefer to get advice from a local agent and there is nothing wrong with that. One of the best bonuses of comparing insurance online is that you can obtain the lowest rates and also buy local. And buying from small agencies is definitely important in Fort Worth.
By using this simple form, your information is transmitted to participating agents in Fort Worth who will gladly provide quotes for your insurance coverage. It makes it easy because there is no need to do any legwork since rate quotes are delivered directly to you. You can find lower rates and a licensed agent to talk to. If you need to get a price quote from one company in particular, you can always navigate to their website and complete a quote there.
Exclusive agents vs. Independent agents
When narrowing the list to find a good insurance agency, it’s helpful to know the types of insurance agents from which to choose. Insurance agents can be classified as either independent agents or exclusive agents.
Independent Insurance Agencies
Agents in the independent channel do not sell for just one brand so they have the ability to put coverage with many different companies and get the cheapest rates. If they find a cheaper price, they can switch companies in-house and you can keep the same agent. When comparing insurance rates, you will definitely want to get rate quotes from multiple independent agents to get the best comparison. They often place coverage with small mutual carriers who may have lower rates.
Shown below is a list of independent agents in Fort Worth that can give you free price quotes.
- Fort Worth Insurance Agency
5049 Trail Lake Dr – Fort Worth, TX 76133 – (817) 292-2929 – View Map
- Al Boenker Insurance Agency, Inc.
6030 Jacksboro Hwy – Fort Worth, TX 76135 – (817) 306-2300 – View Map
- Nationwide Insurance: The Jeter Agency
6650 N Beach St Ste 118 – Fort Worth, TX 76137 – (817) 788-8620 – View Map
Exclusive Insurance Agencies
Agents that elect to be exclusive can only provide pricing for a single company like American Family, State Farm, and AAA. Exclusive agents cannot compare other company’s rates so you need to shop around if the rates are high. Exclusive agents are highly trained on the products they sell which helps them sell insurance even at higher premiums. Some consumers prefer to buy insurance from these agents mostly because of the brand legacy and the convenience of having all coverages with one company.
The following are exclusive agents in Fort Worth that can give you comparison quotes.
- Eddie Bermea – State Farm Insurance Agent
6252 McCart Ave – Fort Worth, TX 76133 – (817) 294-7400 – View Map
- Earl Wood – State Farm Insurance Agent
2900 S Hulen St #50 – Fort Worth, TX 76109 – (817) 922-9300 – View Map
- Calvin Harris – State Farm Insurance Agent
1100 Bridgewood Dr #100 – Fort Worth, TX 76112 – (817) 451-2511 – View Map
Deciding on an insurance agent requires more thought than just the bottom line cost. Any agent in Fort Worth should be forthright in answering these questions:
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do they see any coverage gaps in your plan?
- Is there a Errors and Omissions policy in force?
- Is the quote a firm price?
- What are their preferred companies if they are an independent agency?
- Are they primarily personal or commercial lines agents in Fort Worth?
Don’t give up on cheap coverage
While you’re price shopping online, do not skimp on critical coverages to save a buck or two. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits and learned later they didn’t have enough coverage. The goal is to buy enough coverage at the best price but still have enough coverage for asset protection.
People switch companies for many reasons like delays in paying claims, policy non-renewal, not issuing a premium refund or denial of a claim. Whatever your reason, choosing a new insurance company is not as difficult as it may seem.
Cheap Mazda MX-5 Miata insurance in Fort Worth can be found online in addition to local insurance agencies, so you need to quote Fort Worth car insurance with both to have the best selection. Some insurance companies may not have online quoting and most of the time these small insurance companies sell through local independent agencies.
How to find the cheapest rates for Mazda MX-5 Miata insurance in Fort Worth
If your goal is the lowest price, then the best way to save money on Mazda MX-5 Miata insurance is to do an annual price comparison from different companies that insure vehicles in Fort Worth.
- Try to comprehend car insurance and the measures you can take to prevent expensive coverage. Many rating factors that cause high rates such as at-fault accidents, careless driving, and an imperfect credit score can be remedied by improving your driving habits or financial responsibility.
- Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or State Farm, while independent agents can provide rate quotes for many different companies.
- Compare the new rates to the price on your current policy and determine if cheaper MX-5 Miata coverage is available. If you find a lower rate and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
The key thing to remember is to make sure you enter the same physical damage deductibles and liability limits on each price quote and to quote with every insurance company. This provides the most accurate price comparison and and a good selection of different prices.
Additional detailed information can be read in the articles below:
- How to shop for a safer car (Insurance Institute for Highway Safety)
- How Much is Fort Worth Car Insurance for Used Cars? (FAQ)
- Who Has the Cheapest Fort Worth Auto Insurance for a Nissan Sentra? (FAQ)
- How Much are Auto Insurance Rates for a Ford F-150 in Fort Worth? (FAQ)
- Who Has Affordable Fort Worth Car Insurance for Good Drivers? (FAQ)
- Who Has Affordable Fort Worth Auto Insurance for Drivers with Bad Credit? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Determining Auto Insurance Rates (GEICO)
- Tread Depth and Tire Safety (State Farm)
- How Much Auto Coverage do I Need? (Insurance Information Institute)