How many times have you told yourself it's time to shop around for more competitive Mazda MX-5 Miata insurance in Fort Wayne? No car owner loves paying for car insurance, in particular when their premiums are too high.

Discount Mazda MX-5 Miata insuranceIt's hard to fathom, but most drivers have bought car insurance from the same company for at least the last four years, and about 40% of consumers have never quoted car insurance rates at all. Many drivers in Fort Wayne can save about $700 each year by just comparing quotes, but they don't know how much savings they would realize if they switch to a new company.

There are many insurers to pick from, and although it's a good thing to be able to choose, more options can take longer to locate the cheapest rates for Mazda MX-5 Miata insurance in Fort Wayne.

You should make it a habit to get comparison quotes as often as possible because car insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best deal on Mazda MX-5 Miata insurance in Fort Wayne at your last renewal you may be paying too much now. Block out anything you think you know about car insurance because you're about to learn how to quote online to find better coverage on Mazda MX-5 Miata insurance in Fort Wayne at a better price.

Choosing the most cost-effective insurance policy in Fort Wayne is not that difficult. If you currently have insurance, you stand a good chance to be able to get lower rates using this strategy. Nevertheless, Indiana car owners benefit from understanding how the larger insurance companies determine prices because rates are impacted by many factors.

Companies offering competitive Mazda MX-5 Miata prices in Fort Wayne, IN

The companies in the list below are ready to provide free quotes in Indiana. If multiple companies are listed, we recommend you compare several of them in order to find the lowest rates.

Mazda MX-5 Miata Insurance Price Estimates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $150 $238 $244 $14 $72 $718 $60
MX-5 Miata Touring 2-Dr Convertible $208 $450 $270 $16 $80 $1,024 $85
MX-5 Miata Grand Touring 2-Dr Convertible $148 $282 $322 $20 $96 $868 $72
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in zip code location which can influence premium rates considerably.

Physical damage deductibles: Should you raise them?

When buying car insurance, a common question is how high should the deductibles for physical damage be. The comparison tables below determine the difference in cost when you choose different physical damage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.

Mazda MX-5 Miata insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $210 $358 $238 $14 $72 $917 $76
MX-5 Miata Touring 2-Dr Convertible $242 $436 $238 $14 $72 $1,027 $86
MX-5 Miata Grand Touring 2-Dr Convertible $242 $436 $238 $14 $72 $1,027 $86
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Mazda MX-5 Miata insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $154 $242 $238 $14 $72 $720 $60
MX-5 Miata Touring 2-Dr Convertible $176 $294 $238 $14 $72 $794 $66
MX-5 Miata Grand Touring 2-Dr Convertible $176 $294 $238 $14 $72 $794 $66
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in vehicle garaging location which can decrease or increase premium rates significantly.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $19 more each month or $228 a year than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at least 21 months between claim filings, you would save money if you opt for a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $83
Average monthly premium for $500 deductibles (subtract): - $64
Monthly savings from raising deductible: $19
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One thing to note is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself when you have to file a claim. That will require access to more funds in the event you need to pay the deductible to have repairs made.

Car insurance rates by gender and age

The diagram below shows the difference between Mazda MX-5 Miata auto insurance rates for male and female drivers. Data assumes no claims or violations, comp and collision included, $100 deductibles, single marital status, and no other discounts are factored in.

Accidents and violations increase rates

The illustration below shows how violations and fender-benders can influence Mazda MX-5 Miata annual premium costs for each different age category. The premium estimates are based on a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.

Lower-cost Fort Wayne car insurance rates with discounts

Car insurance is neither fun to buy or cheap, but you might be missing out on some discounts to reduce the price significantly. A few discounts will be applied when you complete an application, but some must be inquired about prior to getting the savings.Car insurance discounts

It's important to understand that most discount credits are not given to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. Despite the appearance that you could get a free car insurance policy, you won't be that lucky.

If you would like to see a list of insurance companies offering car insurance discounts in Indiana, follow this link.

Mazda MX-5 Miata Insurance Premiums Can Be Lower

Consumers need to have an understanding of the rating factors that are used to determine the level of your policy premiums. If you have some idea of what controls the rates you pay, this enables informed choices that could result in lower premium levels. Many different elements are considered when pricing auto insurance. Some are obvious like an MVR report, but others are not quite as obvious like your continuous coverage or how financially stable you are.

Which policy gives me the best coverage?

When quoting and choosing coverage online or from an agent, there is no cookie cutter policy. Everyone's needs are different.Higher deductibles save money

For instance, these questions may help you determine whether your personal situation may require specific advice.

If you can't answer these questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.

Insurance agents can help

Some people would rather visit with an insurance agent and that is just fine! An additional benefit of comparing rate quotes online is the fact that drivers can get the best rates and also buy local.

Insurance agents in Fort WayneFor easy comparison, once you complete this form (opens in new window), the quote information is immediately sent to local insurance agents in Fort Wayne that provide free Fort Wayne auto insurance quotes for your insurance coverage. You never need to find an agent because quoted prices will be sent straight to your inbox. You can find better rates and an insurance agent to talk to. If you wish to quote rates from one company in particular, you can always search and find their rate quote page and complete a quote there.

Picking the best provider requires you to look at more than just a cheap price. Any good agent in Fort Wayne should know the answers to these questions.

Two different types of car insurance agents

If you want a reliable insurance agency, it can be helpful to understand the types of agencies and how they can quote your rates. Insurance policy providers can be described as either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agents

These type of agents generally can only insure with one company and some examples include American Family, State Farm, and Allstate. Exclusive agents cannot compare other company's rates so they are skilled at selling on more than just price. Exclusive insurance agents are trained well on what they offer which helps them sell insurance even at higher premiums.

Shown below are exclusive agencies in Fort Wayne who may provide you with comparison quotes.

2810 Beaver Ave - Fort Wayne, IN 46807 - (260) 744-9798 - View Map

4930 Illinois Rd Ste 1 - Fort Wayne, IN 46804 - (260) 434-0010 - View Map

5830 E State Blvd - Fort Wayne, IN 46815 - (260) 493-3507 - View Map

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Independent Insurance Agencies

Independent insurance agents are not required to write business for one company and that is an advantage because they can write policies with multiple insurance companies enabling the ability to shop coverage around. If you are not satisfied with one company, your agent can switch companies which is easy for the insured.

When shopping rates, we recommend you get rate quotes from multiple independent agents so that you can do a thorough price comparison.

The following is a list of independent insurance agents in Fort Wayne who can help you get comparison quotes.

707 Airport North Office Park - Fort Wayne, IN 46825 - (260) 482-6700 - View Map

807 Lincoln Hwy W - New Haven, IN 46774 - (260) 749-9696 - View Map

10432 Coldwater Rd - Fort Wayne, IN 46845 - (260) 338-0338 - View Map

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Big names are not always cheapest

Companies like GEICO, State Farm and Progressive constantly bombard you with ads in print and on television. They all say the same thing that you can save if you move your coverage to them. How does each company make almost identical claims? Here is the trick they use.

Insurance companies have an ideal profile for the type of driver that will not have excessive claims. One example of a profitable risk profile should be between the ages of 40 and 55, insures multiple vehicles, and drives a safe vehicle. A driver who fits those characteristics will qualify for the lowest car insurance rates in Fort Wayne and most likely will save quite a bit of money when switching.

People who fall outside the ideal profile will have to pay more expensive rates which translates to the customer not purchasing. The trick is to say "customers that switch" not "everyone who quotes" save money. This is how insurance companies can confidently make it sound like they have such great premium rates. Because every company is different, you really should get a wide range of price quotes. It is impossible to predict which company will give you the biggest savings.

You can find cheaper coverage

When you buy Fort Wayne auto insurance online, you should never sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed uninsured motorist or liability limits only to discover later that it was a big error on their part. Your goal should be to purchase a proper amount of coverage for the lowest price.

We just showed you some good ideas how to shop for Mazda MX-5 Miata insurance online. The most important thing to understand is the more you quote Fort Wayne auto insurance, the better likelihood of getting affordable Fort Wayne auto insurance quotes. Consumers could even find that the best price on insurance is with a smaller regional carrier.

People change insurance companies for a variety of reasons including questionable increases in premium, delays in responding to claim requests, extreme rates for teen drivers or even denial of a claim. It doesn't matter why you want to switch finding a great new company can be pretty painless.

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