Mazda MX-5 Miata Insurance Rates in Toledo

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Unfortunately, 70% of consumers have been with the same company for over three years, and approximately 40% of consumers have never shopped around. Many drivers in the United States could save themselves up to $859 a year just by shopping around, but they just assume it takes a lot of time to shop around.

Insurance for Mazda MX-5 MiataTo save the most money, the best way to get budget Mazda MX-5 Miata insurance in Toledo is to make a habit of regularly comparing prices from insurance carriers that sell auto insurance in Ohio. You can shop around by following these steps.

  • Step 1: Get an understanding of the different coverages in a policy and the modifications you can make to drop your rates. Many risk factors that result in higher prices such as speeding and a less-than-favorable credit rating can be controlled by improving your driving habits or financial responsibility.
  • Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can provide prices for a wide range of companies.
  • Step 3: Compare the new rates to your current policy premium and see if there is a cheaper rate. If you find better rates, make sure there is no coverage gap between policies.

One tip to remember is to use the same deductibles and limits on every quote request and and to look at as many auto insurance providers as possible. This provides a fair price comparison and the best rate selection.

If you have insurance now or just want to reduce your rates, you can use this information to get lower rates without having to cut coverage. Finding the cheapest coverage in Toledo can really be easy if you know what you're doing. Drivers just have to understand the quickest method to get comparison quotes instantly.

The majority of larger companies like Progressive, Allstate and GEICO provide coverage price quotes directly from their websites. Comparing prices online for Mazda MX-5 Miata insurance in Toledo is quite easy as you simply enter your coverage information on the page. After you complete the form, their rating system requests your credit score and driving record and quotes a price based on these factors. Getting online quotes for Mazda MX-5 Miata insurance in Toledo helps simplify price comparisons, and it's very important to compare as many rates as possible if you are searching for the lowest possible payments on insurance.

In order to compare rates using this form now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have coverage now, it's recommended you duplicate your coverages identical to your current policy. This way, you will be getting comparison quotes for exact coverage.

The companies in the list below can provide free quotes in Toledo, OH. To locate the best auto insurance in Ohio, it's highly recommended you visit several of them to get a more complete price comparison.

Insurance policy discounts for Mazda MX-5 Miata insurance in Toledo

Insurance can cost an arm and a leg, but discounts can save money and there are some available that could drop your premiums quite a bit. Many discounts should be triggered when you purchase, but some need to be manually applied prior to receiving the credit.Cheaper insurance with discounts

  • Early Payment Discounts - If you pay your entire premium ahead of time rather than spreading payments over time you can actually save on your bill.
  • Telematics Data Discounts - Drivers who elect to allow companies to track where and when they drive through the use of a telematics system such as Progressive's Snapshot may see discounts as long as the data is positive.
  • Theft Deterrent System - Vehicles that have factory alarm systems and tracking devices are stolen with less frequency so companies will give you a small discount.
  • Seat Belt Usage - Requiring all passengers to buckle up before driving could cut 10% or more on medical payment and PIP coverage.
  • Distant Student - Any of your kids who are attending college and won't have access to an insured vehicle could get you a discount.
  • Drive Safe and Save - Insureds who avoid accidents can save as much as half off their rates as compared to drivers with claims.
  • Senior Citizens - If you're over the age of 55, you may qualify for a discount up to 10%.
  • Multiple Policy Discount - If you combine your auto and homeowners policies and place coverage with the same company you could get a discount of 10% to 20% off each policy.
  • Drivers Ed for Students - It's a good idea to have your young drivers enroll and complete driver's education if it's offered in school.
  • Discount for Life Insurance - If the company offers life insurance, you could get a break if you buy life insurance.

While discounts sound great, it's important to understand that most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, insurance companies wouldn't stay in business.

The diagram below illustrates the difference between Mazda MX-5 Miata insurance premiums with and without some available policy discounts. The prices are based on a male driver, no claims, a clean driving record, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, claim-free, multi-car, and safe-driver discounts applied.

A partial list of companies that possibly offer these discounts are:

If you want cheaper Toledo car insurance quotes, ask every company which credits you are entitled to. Some credits may not apply in every state.

Auto insurance statistics for a Mazda MX-5 Miata

The information shown next outlines a range of insurance coverage prices for Mazda MX-5 Miata models. Learning as much as possible about how premiums are formulated is important for you to make smart choices when choosing a car insurance company.

Mazda MX-5 Miata Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $174 $242 $252 $14 $76 $758 $63
MX-5 Miata Touring 2-Dr Convertible $200 $296 $252 $14 $76 $838 $70
MX-5 Miata Grand Touring 2-Dr Convertible $200 $296 $252 $14 $76 $838 $70
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Table data does not factor in specific garaging location which can revise insurance rates significantly.

Physical damage deductibles

One common question asked by Toledo drivers is how high should your deductibles be. The figures shown below sum up how much more rates are when you buy lower versus higher coverage deductibles. The first rate comparisons uses a $100 deductible and the second set of rates uses a $500 deductible.

Mazda MX-5 Miata insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $170 $290 $192 $12 $58 $747 $62
MX-5 Miata Touring 2-Dr Convertible $196 $352 $192 $12 $58 $835 $70
MX-5 Miata Grand Touring 2-Dr Convertible $196 $352 $192 $12 $58 $835 $70
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Mazda MX-5 Miata insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $124 $196 $192 $12 $58 $582 $49
MX-5 Miata Touring 2-Dr Convertible $142 $238 $192 $12 $58 $642 $54
MX-5 Miata Grand Touring 2-Dr Convertible $142 $238 $192 $12 $58 $642 $54
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Estimates do not factor in vehicle location which can change premium rates significantly.

Based on the data above, we can derive that using a $100 deductible will cost you about $15 more each month or $180 for a full year than selecting the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 27 months between claims, you would come out ahead if you choose the higher deductible.

The information below demonstrates how choosing different deductibles and can influence Mazda MX-5 Miata annual premium costs for each age group. The premiums are based on a single male driver, comp and collision included, and no discounts are applied to the premium.

Accidents and violations increase rates

The information below highlights how speeding tickets and at-fault collisions can increase Mazda MX-5 Miata premium costs for different age groups. The premiums are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.