Mazda MX-5 Miata Insurance Quotes in Houston

How many times have you put off comparing quotes for cheaper Mazda MX-5 Miata insurance in Houston? Are you regretting buying an underperforming, overpriced auto insurance policy? Don’t feel bad because many Houston consumers are in the same pinch.

Unthinkable but true, a large majority of drivers kept buying from the same company for four years or more, and practically 40% of auto insurance customers have never compared rates from other carriers. Most drivers in Texas could save nearly 70% every year by just shopping around, but they don’t know the actual amount they would save if they just switched companies.

Because there are so many options when it comes to auto insurance, it is hard for the average consumer to choose the most affordable auto insurance company.

When quoting car insurance, remember that getting more free quotes helps you find the best offered rates.

The companies shown below offer quotes in Texas. If multiple providers are shown, we recommend you visit as many as you can to get the best price comparison.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price information does not factor in garaging location in Houston which can increase or decrease auto insurance rates considerably.

Full coverage versus liability-only

The illustration below shows the comparison of Mazda MX-5 Miata insurance prices with full physical damage coverage compared to only buying liability only. The premiums are based on a clean driving record, no claims, $500 deductibles, single male driver, and no other discounts are factored in.

When to drop full coverage

There is no exact rule for excluding comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Mazda MX-5 Miata replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after you pay the deductible. If premium cost is more than $200 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some scenarios where dropping full coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not eliminate full coverage.

Physical damage deductibles

One of the most common auto insurance questions is what deductibles to buy. The following insurance rates determine the cost difference between high and low physical damage deductibles. The first set of rates uses a $250 deductible for physical damage and the second data table uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Rate information does not factor in specific location which can modify auto insurance rates noticeably.

We can derive from the above data that using a $250 deductible costs an average of $14 more each month or $168 annually than opting for the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have more than 18 months between claim filings, you would save money going with the higher deductible.

Mazda MX-5 Miata insurance premiums by gender and age

The chart below illustrates the comparison of Mazda MX-5 Miata insurance rates for male and female drivers. The costs are based on no claims or driving citations, comprehensive and collision coverage, $500 deductibles, single marital status, and no policy discounts are applied.

Reduce your auto insurance rates with discounts

Car insurance can cost a lot, but you might be missing out on some discounts to cut the cost considerably. A few discounts will automatically apply at the time you complete a quote, but occasionally some discounts must be manually applied prior to receiving the credit.

• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them take driver’s ed class as it can save substantially.
• Payment Method – If you can afford to pay the entire bill instead of monthly or quarterly installments you may reduce your total bill.
• Online Discount – A handful of larger companies give back up to $50 for buying a policy and signing up online.
• Life Insurance Discount – Not all companies offer life insurance, but some may give you a break if you buy life insurance.
• Anti-lock Brake Discount – Cars and trucks with ABS and/or traction control are much safer to drive so you can save 10 percent or more.
• No Charge for an Accident – This one is not really a discount per se, but some insurance companies will let one accident slide before they charge you more for coverage if you are claim-free for a specific time period.
• No Claim Discounts – Insureds who avoid accidents and claims have much lower rates as compared to policyholders that have many claims.
• Telematics Devices – Houston drivers who agree to allow companies to track their driving habits through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they are good drivers.
• Defensive Driver Discounts – Completing a course that instructs on driving safety is a good idea and can lower rates and also improve your driving technique.

As a footnote on discounts, most credits do not apply to your bottom line cost. Some only apply to individual premiums such as medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, that’s just not realistic.

A list of auto insurance companies and some of the discounts are included below.

• GEICO includes discounts for seat belt use, emergency military deployment, anti-lock brakes, driver training, anti-theft, membership and employees, and multi-policy.
• MetLife offers discounts including claim-free, defensive driver, accident-free, multi-policy, good student, and good driver.
• State Farm offers discounts for Steer Clear safe driver discount, safe vehicle, good student, defensive driving training, multiple policy, anti-theft, and Drive Safe & Save.
• Progressive has discounts for online signing, multi-policy, multi-vehicle, good student, and continuous coverage.
• Mercury Insurance may have discounts that include type of vehicle, age of vehicle, ease of repair, good driver, accident-free, location of vehicle, and good student.
• 21st Century has savings for theft prevention, early bird, air bags, anti-lock brakes, and homeowners.
• Allstate may include discounts for FullPay discount, resident student, utility vehicle, good payer, passive restraint, and farm vehicle.

When comparing rates, check with all companies you are considering which discounts can lower your rates. Some discounts listed above might not be offered in Houston. If you would like to view insurance companies with the best Mazda MX-5 Miata insurance discounts in Houston, click this link.

Insurance is not optional in Texas

Even though it can be expensive, insurance is required for several reasons.

First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability protection in order to be legal. 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 bought your Mazda MX-5 Miata with a loan, almost all lenders will require that you carry insurance to guarantee loan repayment. If you let the policy lapse, the bank will be required to insure your Mazda at a much higher rate and make you pay the higher price.

Third, insurance safeguards not only your vehicle but also your financial assets. It also can pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay attorney fees if you cause an accident and are sued. If your Mazda gets damaged, comprehensive and collision coverage will cover the repair costs.

The benefits of having insurance more than offset the price you pay, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is overpaying more than $850 per year so you should quote your policy with other companies every year to ensure rates are competitive.

When to talk to an insurance agent

Many drivers would rather buy from a local agent and there is nothing wrong with that. An additional benefit of comparing insurance prices online is that you can obtain cheap rate quotes and still buy from a local agent.

To find an agent, once you fill out this short form, your insurance coverage information is emailed to agents in your area who will give you quotes for your business. You don’t have to even leave your home as quotes are delivered directly to you. It’s the lowest rates and a licensed agent to talk to. If you have a need to compare prices for a specific company, don’t hesitate to go to their quote page and give them your coverage information.

Finding the right insurance company should depend on more than just the quoted price. Below are some questions you should ask.

• Will they make sure you get an adequate claim settlement?
• How often do they review policy coverages?
• Do they feel the quoted coverages are adequate?
• Are they paid to recommend certain coverages?
• Is the agency active in community causes in Houston?
• Can glass claims be handled at your home?

Exclusive agents vs. Independent agents

If you’re trying to find a local Houston insurance agent, it’s important to understand the different types of agencies and how they can service your needs differently. Car insurance agents in Houston can be categorized as either independent or exclusive depending on the company they work for.

Exclusive Insurance Agents

Agents of this type can only provide one company’s prices like American Family, State Farm, and Allstate. Exclusive agencies are unable to provide rate quotes from other companies so they are skilled at selling on more than just price. Exclusive agencies are well schooled on sales techniques which helps them sell insurance even at higher premiums.

Shown below is a list of exclusive insurance agencies in Houston willing to provide comparison quotes.

View more agents

Independent Insurance Agents

These agents do not sell for just one brand so they can quote policies amongst many companies and find the cheapest car insurance rates. If they quote lower rates, your agent can just switch to a different company and the insured can keep the same agent. If you are comparing car insurance prices, we recommend you include rate quotes from a few independent agents for maximum quote selection.

Below are independent insurance agents in Houston willing to provide comparison quotes.

View more agents