Would you prefer to buy low-cost Mazda MX-5 Miata insurance in Greensboro? Are you irritated from paying out the nose to insure your Mazda every month? You are in the same boat as many other North Carolina drivers.
It’s hard to believe, but about 70% of customers have remained with the same auto insurance company for more than four years, and approximately 40% of consumers have never shopped around. Consumers in Greensboro could save almost 10% a year by just comparing rate quotes, but they just assume it’s a time-consuming process to do a rate comparison.
How to find more affordable Mazda MX-5 Miata insurance in Greensboro
The easiest way to find low-cost prices for Mazda MX-5 Miata insurance in Greensboro is to do an annual price comparison from companies who provide car insurance in North Carolina. This can be done by completing these steps.
Step 1: Take a little time to learn about how auto insurance works and the factors you can control to drop your rates. Many risk factors that cause rate increases such as accidents, traffic tickets, and a not-so-good credit history can be eliminated by making lifestyle changes or driving safer. Read the full article for more information to prevent rate hikes and find discounts that you may qualify for.
Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive and State Farm, while independent agencies can provide prices from multiple insurance companies.
Step 3: Compare the new quotes to your current policy premium to see 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.
A key point to remember is that you’ll want to make sure you compare similar coverage information on every quote and and to get price quotes from every insurance company. This enables a level playing field and a complete rate analysis.
Companies like Progressive, GEICO and Farmers Insurance promote their brand names with ad campaigns and it is challenging if not impossible to ignore the flashy ads and do the work needed to find the best deal.
Most larger insurance companies allow consumers to get price estimates direct online. Getting online quotes for Mazda MX-5 Miata insurance in Greensboro is very simple as you simply enter the amount of coverage you want into the form. Upon sending the form, the system obtains reports for credit and driving violations and returns pricing information. Quoting online for Mazda MX-5 Miata insurance in Greensboro makes comparing rates easy, and it’s necessary to do this if you want to get lower-cost prices.
In order to compare rates using this form now, compare rates now from the companies shown below. To compare your current rates, we recommend you complete the form with your coverages as close as possible to your current policy. This way, you will get a price comparison using the same coverage and limits.
The companies shown below are our best choices to provide comparison quotes in North Carolina. To find the cheapest auto insurance in North Carolina, we recommend you get prices from several of them in order to get a fair rate comparison.
Car insurance policy discounts for Mazda MX-5 Miata insurance in Greensboro
Companies do not list all available discounts very clearly, so we took the time to find a few of the more well known and also the more inconspicuous discounts that you can inquire about if you buy Greensboro car insurance online.
- Auto/Life Discount – Some car insurance companies give a discounted price on car insurance if you buy some life insurance too.
- Club Memberships – Belonging to a civic or occupational organization in Greensboro could trigger savings on your bill.
- Claim-Free Discount – Claim-free drivers can save substantially compared to frequent claim filers.
- Theft Prevention Discount – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and will qualify for a discount on a Greensboro car insurance quote.
- Employee of Federal Government – Active or retired federal employment could cut as much as 10% off but check with your company.
- Resident Student – Any of your kids who live away from home at college and don’t have a car could qualify for this discount.
- Waiver for an Accident – Not a discount per se, but a few companies such as State Farm, Progressive and GEICO may permit one accident without the usual rate increase if you have no claims for a specific time period.
As a sidenote, some of the credits will not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like all those discounts means the company will pay you, it doesn’t quite work that way. But all discounts will help reduce your car insurance premiums.
The information below compares Mazda MX-5 Miata insurance costs with and without discounts being applied to the rates. The data is based on a female driver, no accidents, no driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, claim-free, safe-driver, and homeowner discounts applied.
A few popular companies and some of the premium reductions they offer are outlined below.
- State Farm discounts include driver’s education, multiple autos, student away at school, Drive Safe & Save, safe vehicle, and good student.
- GEICO policyholders can earn discounts including daytime running lights, five-year accident-free, military active duty, membership and employees, and emergency military deployment.
- Liberty Mutual offers discounts including hybrid vehicle, preferred payment discount, newly married, exclusive group savings, good student, and new graduate.
- The Hartford has discounts for driver training, bundle, defensive driver, air bag, and anti-theft.
- MetLife has savings for good student, defensive driver, accident-free, good driver, multi-policy, claim-free
- Progressive offers premium reductions for continuous coverage, multi-policy, good student, online quote discount, homeowner, multi-vehicle, and online signing.
If you are trying to find inexpensive Greensboro car insurance quotes, ask all the companies to apply every possible discount. All car insurance discounts might not be offered in Greensboro. To locate insurers that offer some of these discounts in North Carolina, click this link.
Mazda MX-5 Miata insurance analysis
The table displayed next showcases detailed analysis of policy rates for Mazda MX-5 Miata models. Learning more about how auto insurance policy rates are figured is important for making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $118 | $210 | $222 | $14 | $66 | $630 | $53 |
| MX-5 Miata Touring 2-Dr Convertible | $134 | $256 | $222 | $14 | $66 | $692 | $58 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $134 | $256 | $222 | $14 | $66 | $692 | $58 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Estimates do not factor in garaging location in Greensboro which can impact premium rates substantially.
Raise deductibles and save
One common question asked by Greensboro drivers is what deductibles to buy. The rates shown below approximate the difference in cost when you buy lower versus higher policy deductibles. The first set of prices uses a $100 deductible for comp and collision and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $186 | $318 | $212 | $12 | $64 | $817 | $68 |
| MX-5 Miata Touring 2-Dr Convertible | $214 | $386 | $212 | $12 | $64 | $913 | $76 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $214 | $386 | $212 | $12 | $64 | $913 | $76 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $104 | $168 | $212 | $12 | $64 | $560 | $47 |
| MX-5 Miata Touring 2-Dr Convertible | $118 | $204 | $212 | $12 | $64 | $610 | $51 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $118 | $204 | $212 | $12 | $64 | $610 | $51 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Prices do not factor in Greensboro location which can modify coverage rates substantially.
Based on this data, using a $100 deductible will cost you roughly $23 more each month or $276 for a full year across all Mazda MX-5 Miata models than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 39 months between claim filings, you would save more money if you elect the higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $100 deductibles: | $73 |
| Average monthly premium for $1,000 deductibles (subtract): | – $50 |
| Monthly savings from raising deductible: | $23 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $23 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 39 months |
An important sidenote is that increasing deductibles to save money results in a higher out-of-pocket expense when you have to file a claim. You should have some savings in the event you need to pay the higher deductible.
The diagram below shows how choosing a deductible and can raise or lower Mazda MX-5 Miata insurance prices for different age groups of insureds. The premiums assume a married male driver, comp and collision included, and no discounts are applied to the premium.
How Insurance Companies Determine Mazda MX-5 Miata Insurance Rates
Lots of factors are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious like your driving record, although others are not as apparent like your continuous coverage or your financial responsibility. Smart consumers have a good feel for a few of the rating criteria that help calculate your policy premiums. If you have a feel for what controls the rates you pay, this enables informed choices that could help you find better car insurance rates.
- Deter car thieves – Purchasing a vehicle with advanced anti-theft systems can get you a discount on your car insurance. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft and help lower rates.
- A good credit rating can save money – An insured’s credit history factor in determining your rates. Insureds that have very high credit ratings tend to be more responsible and file fewer claims as compared to drivers with bad credit. So if your credit history can use some improvement, you could be paying less to insure your Mazda MX-5 Miata by improving your credit score.
- If you don’t need it don’t buy it – There are a ton of optional add-on coverages that may not really be needed on your car insurance policy. Coverages for vanishing deductibles, towing, and membership fees are probably not needed. They may seem like a good idea when buying your policy, but if they’re wasting money get rid of them and save.
- What’s your car’s crash test rating? – Vehicles with high crash test scores get lower rates. The safest vehicles reduce injuries and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates. If your Mazda has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
- Raising physical damage deductibles saves money – Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Examples of covered claims are a broken side mirror, damage from fire, and having your car stolen. Comprehensive and collision coverage deductibles define how much you are willing to pay out-of-pocket in the event of a claim. The more damage repair cost you’re willing to pay, the less your car insurance will be.
- Small claims can cost you – If you file a lot of claims you can expect higher rates. Insurance companies in North Carolina give discounts to insureds who are claim-free. Insurance coverage is intended for claims that you cannot pay yourself.
- Single drivers take more risk – Your spouse actually saves money when buying car insurance. Having a spouse demonstrates that you tend to be more financially stable and insurance companies reward insureds because married couples file fewer claims.
- How many miles do you drive? – Driving a lot of miles in a year the more it will cost to insure it. A lot of companies apply a rate based upon how you use the vehicle. Cars and trucks that are left in the garage qualify for better rates than cars that get driven a lot. Double check that your car insurance policy states the correct driver usage. An improperly rated MX-5 Miata may be costing you.
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Loss probability for a Mazda MX-5 Miata – Companies use historical loss data to help set a rate to offset losses. Models that the statistics show to have increased claim numbers or amounts will cost more for coverage. The information below illustrates the historical loss data for Mazda MX-5 Miata vehicles.
For each policy coverage, the loss probability for all vehicles as a whole is considered to be 100. Values that are under 100 indicate a favorable loss history, while values over 100 show a trend for more claims or an increased probability of a larger loss.
Auto Insurance Loss Data for Mazda MX-5 Miata Models Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mazda MX-5 Miata Convertible 76 61 74 72 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
You may require the services of an agent
Some consumers still like to talk to an insurance agent and that is OK! Most agents can answer important questions and help you file claims. A good thing about comparing insurance prices online is that you can find cheap car insurance quotes and still choose a local agent.
After filling out this form (opens in new window), the coverage information is sent to companies in Greensboro that can give you free Greensboro car insurance quotes for your coverage. You never need to contact an agency since price quotes are sent to you instantly. If for some reason you want to get a price quote from one company in particular, you just need to navigate to their website and complete a quote there.
Selecting a company requires more thought than just the premium amount. Ask your prospective agent these questions:
- Are they in the agency full-time?
- Which companies do they recommend if they are an independent agency?
- What will you get paid if your car is a total loss? How is that amount determined?
- How many years have they been established?
- Can glass repairs be made at your home?
- Are they actively involved in the community?
- Can they help ensure a fair claim settlement?
Do you need an independent or exclusive car insurance agent?
If you are searching for a reliable insurance agency, there are a couple of different agency structures and how they are slightly different. Agents in Greensboro are considered either exclusive or independent. Either one can properly insure your vehicles, but it is a good idea to know why they differ because it can influence buying decisions.
Exclusive Agencies
Agents that choose to be exclusive can only provide pricing for a single company like State Farm or Allstate. They usually cannot provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agencies are highly trained on sales techniques which helps overcome the inability to quote other rates.
Shown below is a list of exclusive agencies in Greensboro who may provide you with comparison quotes.
Jackie Smith – State Farm Insurance Agent
1611 New Garden Rd – Greensboro, NC 27410 – (336) 299-7998 – View Map
Allstate Insurance: John L. Palmer
445 Dolley Madison Rd a – Greensboro, NC 27410 – (336) 852-8800 – View Map
State Farm: Ashley Collins
w ste b 27403, 1610 W Friendly Ave – Greensboro, NC 27403 – (336) 274-7900 – View Map
Independent Car Insurance Agencies
These agents can quote rates with many companies and that gives them the ability to insure through many companies and get you the best rates possible. If prices rise, your agent can just switch to a different company and you won’t have to switch agencies.
When comparing car insurance prices, you absolutely need to check rates from at a minimum one independent agency so that you can do a thorough price comparison.
Below is a list of independent agencies in Greensboro who can help you get price quote information.
Nationwide Insurance: Multiple Line Ins Agency Inc
1919 Boulevard St d – Greensboro, NC 27407 – (336) 299-8877 – View Map
Nationwide Insurance: John A Peterson Jr
1451 S Elm-Eugene St #2119 – Greensboro, NC 27406 – (336) 303-8992 – View Map
Craft Insurance
823 N Elm St – Greensboro, NC 27401 – (336) 375-0600 – View Map
Persistent drivers can save
When getting Greensboro car insurance quotes online, do not buy less coverage just to save a little money. There have been many situations where someone dropped full coverage only to discover later that the savings was not a smart move. The aim is to purchase plenty of coverage at a price you can afford but still have enough coverage for asset protection.
Discount Mazda MX-5 Miata insurance in Greensboro is attainable from both online companies and from local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. A few companies may not have internet price quotes and these small insurance companies sell through independent agencies.
We covered a lot of ways to get a better price on Mazda MX-5 Miata insurance in Greensboro. The key concept to understand is the more rate comparisons you have, the higher your chance of finding low cost Greensboro car insurance quotes. You may even be surprised to find that the most savings is with a small local company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.
How to buy cheaper Mazda MX-5 Miata insurance in Greensboro
The preferred way to find more affordable auto insurance rates in Greensboro is to annually compare prices from companies in North Carolina. This can be done by following these steps.
First, it will benefit you to learn about the coverage provided by your policy and the factors you can control to keep rates in check. Many policy risk factors that result in higher rates like accidents, traffic tickets, and an unacceptable credit score can be improved by making minor changes in your lifestyle.
Second, quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like Progressive and State Farm, while independent agents can quote prices from multiple insurance companies. Compare rates now
Third, compare the new rates to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate and decide to switch, make sure coverage is continuous and does not lapse.
Fourth, provide notification to your current company of your intent to cancel the current policy. Submit payment and a signed application to your new agent or company. Be sure to keep the new proof of insurance paperwork in your vehicle.
One thing to remember is to try to use identical limits and deductibles on each quote request and and to get rate quotes from as many companies as feasibly possible. Doing this provides an accurate price comparison and a thorough selection of prices.
To read more, feel free to visit the following helpful articles:
- What is a Telematics Device? (Allstate)
- Who Has Cheap Auto Insurance for Used Cars in Greensboro? (FAQ)
- How Much are Greensboro Car Insurance Rates for Good Students? (FAQ)
- Who Has the Cheapest Auto Insurance for a Honda CR-V in Greensboro? (FAQ)
- Who Has the Cheapest Auto Insurance for High School Students in Greensboro? (FAQ)
- Who Has Cheap Auto Insurance for Drivers Over Age 70 in Greensboro? (FAQ)
- Who Has the Cheapest Greensboro Auto Insurance for Good Drivers? (FAQ)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Frontal Crash Tests (iihs.org)
- Five Mistakes to Avoid (Insurance Information Institute)