Cheap Mazda MX-5 Miata Insurance in Virginia Beach

No car owner enjoys paying for insurance, in particular when it costs too dang much.

Sadly, a large majority of insurance policyholders kept their coverage with the same insurance company for over three years, and 38% of drivers have never shopped around. Consumers in Virginia Beach could save an average of $548 each year just by shopping around, but they won’t spend time to compare rate quotes. Big companies like State Farm, Progressive and GEICO persitently shower you with catchy ads and it is challenging if not impossible to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

You should make it a habit to take a look at other company’s rates once or twice a year because prices fluctuate regularly. Even if you got the best deal on Mazda MX-5 Miata insurance in Virginia Beach a few years ago there is a good chance you can find better rate quotes now. There is a lot of bad information regarding MX-5 Miata insurance on the web, but I’m going to show you the easiest ways to save money.

If you are insured now or want to find a cheaper company, use these techniques to reduce the price you pay without reducing protection. Locating the best rates in Virginia Beach is actually not that difficult if you follow our advice. Smart buyers just have to know the best way to compare price quotes using one simple form.

Most companies allow you to get price estimates directly from their websites. Doing online price comparisons for Mazda MX-5 Miata insurance in Virginia Beach is very simple as you simply enter the coverages you want into the quote form. Once entered, their quoting system will order information on your driving record and credit history and generates a price based on many factors. Using the web to get price quotes for Mazda MX-5 Miata insurance in Virginia Beach makes comparing rates easy, and it is imperative to compare as many rates as possible in order to get the most affordable car insurance rates.

In order to find out how much you can save on car insurance, compare rates from the companies below. If you have a policy now, it’s recommended you complete the form with your coverages just like they are on your policy. Using the same limits helps guarantee you’re receiving rate quotes for similar coverage.

The companies shown below are our best choices to provide price comparisons in Virginia. If you want to find cheap auto insurance in Virginia Beach, it’s highly recommended you get rates from several of them to get the best price comparison.

Insurance statistics for a Mazda MX-5 Miata

The coverage information below covers estimates of coverage prices for Mazda MX-5 Miata models. Having insight into how insurance prices are determined is important for drivers to make smart choices when buying a policy.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price information does not factor in vehicle garaging location which can alter rates noticeably.

Choosing deductibles

When comparing insurance rates, the most common question is how low should you set your deductibles. The comparisons below can help you visualize the difference in cost of buying low and high physical damage coverage deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in specific zip code location which can affect coverage rates greatly.

We can estimate from the data above that using a $100 deductible would cost the average driver about $17 more each month or $204 a year across all Mazda MX-5 Miata models than selecting the higher $500 deductible. Because you would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 24 months between claim filings, you would most likely save money if you opt for a higher deductible. Below is an example of how you can do this calculation yourself.

The information below shows how choosing a deductible and can change Mazda MX-5 Miata annual premium costs for different age groups. The costs are based on a married male driver, full physical damage coverage, and no discounts are factored in.

Liability only or full coverage

The diagram below compares Mazda MX-5 Miata car insurance rates with full coverage and liability only. The premiums assume no accidents, no driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.

When to buy liability coverage only

There is no set rule of when to exclude full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Mazda MX-5 Miata replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your deductible. If it’s costing in excess of $700 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Comparing prices from local Virginia Beach insurance agencies

A small number of people would rather buy from a local agent and that is a personal choice. Experienced insurance agents can help you build your policy and help you file claims. One of the great benefits of comparing insurance online is the fact that you can find cheap insurance quotes and still choose a local agent. Buying from and supporting small agencies is still important in Virginia Beach.

To make it easy to find an agent, after completing this simple form, the coverage information is instantly submitted to local insurance agents who will give you bids for your coverage. You never need to leave your house because prices are sent straight to your inbox. If you have a need to compare rates from a specific insurance company, feel free to navigate to their website to submit a rate quote request.

How to choose the best car insurance agent in Virginia Beach

When finding a reputable agency, it’s helpful to know the types of agencies from which to choose. Insurance agencies in Virginia Beach can be categorized as either exclusive agents or independent agents. Both types of agents can write insurance policies, but we need to point out the difference in the companies they write for since it could factor into your agent selection.

Independent Insurance Agents (or Brokers)

Agents that elect to be independent are not restricted to one company and that is an advantage because they can write policies with a variety of different insurance companies and find you cheaper rates. If they find a lower price, the business is moved internally which makes it simple for you. If you need cheaper insurance rates, we recommend you get several quotes from multiple independent agents so that you can do a thorough price comparison.

Shown below is a small list of independent agents in Virginia Beach that may be able to provide rate quotes.

More insurance agents

Exclusive Insurance Agents

Agents of this type are contracted to one company such as State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide other company’s prices so you might not find the best rates. Exclusive agents receive a lot of sales training on what they offer which helps them sell on service rather than price.

Below is a short list of exclusive insurance agencies in Virginia Beach that can give you comparison quotes.

More insurance agents

Selecting an insurance agency shouldn’t rely on just a cheap price. Some important questions to ask are:

• Who is covered by the car insurance policy?
• Is the agent properly licensed in Virginia?
• Does the agent recommend any additional coverage?
• When do they do a full risk review?
• If your car is totaled, how to they determine the replacement cost?