Trying to find cheaper insurance for a new or used Mazda MX-5 Miata in Nebraska can normally be a painful process, but you can learn a few tricks to save time. There are both good and bad ways to find car insurance online and you need to know the quickest way to quote coverages for a new or used Mazda and locate the lowest price either online or from Lincoln insurance agents.
You should make it a habit to quote other rates every six months because insurance prices change regularly. If you had the best deal on Mazda MX-5 Miata insurance in Lincoln a couple years back you may be paying too much now. Forget all the misinformation about car insurance because we’re going to show you the tricks you need to know to find lower rates on car insurance.
If you have a current car insurance policy or just want cheaper rates, you will benefit by learning to save money and still get good coverage. Shopping for the best-priced car insurance coverage in Lincoln is not as time-consuming as you think. Consumers just have to understand how to compare rates from many different companies.
The quickest method we recommend to compare rates for Mazda MX-5 Miata insurance in Lincoln is to understand auto insurance companies actually pay money for the chance to quote your coverage. The one thing you need to do is give them rating details like coverage limits, if you went to college, whether or not you need a SR-22, and your job. That rating data is sent automatically to multiple top-rated companies and you should receive rate quotes almost instantly.
If you would like to compare rates now, click here and enter your zip code.
The companies in the list below offer price comparisons in Nebraska. To buy the best auto insurance in Lincoln, NE, we suggest you compare several of them in order to get a fair rate comparison.
Save money with discounts
Not too many consumers would say auto insurance is affordable, but you might find some hidden discounts to help bring down the price. Some of these discounts will be visible at the time of purchase, but lesser-known reductions have to be asked for before you will receive the discount.
- Anti-theft Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently and earn discounts up to 10% off your Lincoln car insurance quote.
- Organization Discounts – Being in certain professional organizations is a simple method to lower premiums on your next renewal.
- Buy New and Save – Buying a new car instead of a used MX-5 Miata can get you a discount because new vehicles keep occupants safer.
- Passenger Safety Discount – Factory options such as air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
- Military Deployment Discount – Having a family member in the military can result in better premium rates.
A little note about advertised discounts, most discount credits are not given to the entire policy premium. Most only apply to specific coverage prices like liability, collision or medical payments. If you do the math and it seems like you can get free auto insurance, company stockholders wouldn’t be very happy. Any amount of discount will bring down the cost of coverage.
The information below visualizes the comparison of Mazda MX-5 Miata auto insurance costs with and without some available policy discounts. The information is based on a female driver, a clean driving record, no claims, Nebraska state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, multi-policy, homeowner, and claim-free discounts applied.
A list of auto insurance companies and their possible discounts are shown below.
- State Farm offers premium reductions for good driver, multiple policy, good student, safe vehicle, and Drive Safe & Save.
- GEICO offers discounts including military active duty, air bags, emergency military deployment, five-year accident-free, and good student.
- SAFECO discounts include accident prevention training, homeowner, teen safety rewards, anti-lock brakes, and teen safe driver.
- Farmers Insurance may include discounts for pay in full, early shopping, homeowner, good student, bundle discounts, and youthful driver.
- AAA has savings for anti-theft, AAA membership discount, education and occupation, good driver, and pay-in-full.
- USAA may offer discounts for driver training, multi-vehicle, loyalty savings, multi-policy, good student, and safe driver.
Check with each company how you can save money. Some credits might not apply in Lincoln.
Mazda MX-5 Miata coverage statistics
The premium table shown below highlights detailed analysis of rate quotes for Mazda MX-5 Miata models. Understanding more about how car insurance prices are figured is important for you to make smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $150 | $238 | $262 | $16 | $78 | $744 | $62 |
| MX-5 Miata Touring 2-Dr Convertible | $172 | $290 | $262 | $16 | $78 | $818 | $68 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $172 | $290 | $262 | $16 | $78 | $818 | $68 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific Lincoln garaging location which can revise insurance rates considerably.
Deductible analysis
One of the most common insurance questions is what deductibles to buy. The rates below summarize the rate difference when you select higher and lower deductibles. The first rate estimation uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $224 | $382 | $254 | $16 | $76 | $977 | $81 |
| MX-5 Miata Touring 2-Dr Convertible | $258 | $466 | $254 | $16 | $76 | $1,095 | $91 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $258 | $466 | $254 | $16 | $76 | $1,095 | $91 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $164 | $258 | $254 | $16 | $76 | $768 | $64 |
| MX-5 Miata Touring 2-Dr Convertible | $188 | $314 | $254 | $16 | $76 | $848 | $71 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $188 | $314 | $254 | $16 | $76 | $848 | $71 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in your specific Lincoln location which can lower or raise rates substantially.
Based on these figures, using a $100 deductible costs about $19 more each month or $228 a year than opting for the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally average more than 21 months between claim filings, you would more than likely save some money by selecting a higher deductible.
The diagram below highlights how deductible selection and can influence Mazda MX-5 Miata insurance costs for different age groups. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied.
Tickets and at-fault accidents raise rates
The chart below highlights how traffic violations and at-fault fender-benders impact Mazda MX-5 Miata insurance premiums for each age group. The rates are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Insurance premiums based on gender
The illustration below shows the comparison of Mazda MX-5 Miata yearly insurance costs for male and female drivers. The data assumes no claims or driving citations, full coverage, $100 deductibles, single marital status, and no policy discounts are applied.
You may need help from an agent
Some people still prefer to sit down and talk to an agent and doing so can bring peace of mind Agents can help determine the best coverages and help you file claims. The biggest benefit of price shopping on the web is the fact that you can find cheap rate quotes and still have an agent to talk to.
By using this short form, your insurance coverage information is transmitted to local insurance agents in Lincoln who will gladly provide quotes for your business. There is no need to contact any insurance agencies as quotes are delivered immediately to you. If you need to get a rate quote from a specific insurance company, feel free to search and find their rate quote page and fill out their quote form.
Picking the best provider is decision based upon more than just a cheap price quote. The questions below may impact your decision as well.
- Where would your vehicle be repaired?
- Is there any savings for paying the full premium?
- What insurance company do they write the most business with?
- Does the agency have a positive business rating?
- How long have they worked with personal auto insurance coverage?
Independent or Exclusive: It’s your choice
If you are searching for an insurance agent, it helps to know the two types of insurance agents and how they differ in how they can insure your vehicles. Auto insurance agents in Lincoln are categorized either independent agents or exclusive agents depending on their employer. Both types can provide auto insurance policies, but it’s worth learning the difference in how they write coverage since it can affect which agent you choose.
Exclusive Agents
Agents that elect to be exclusive can only quote rates from one company and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to provide rate quotes from other companies so they really need to provide good service. Exclusive agents are usually well trained on their company’s products which helps offset the inability to provide other markets. Some consumers prefer to buy from the same agent for years primarily because of the prominent brand name rather than having the cheapest rates.
The following is a short list of exclusive agents in Lincoln willing to provide rate quotes.
- Allstate Insurance: Erik Brooks
1600 Normandy Ct #110 – Lincoln, NE 68512 – (402) 261-3959 – View Map - Karen Williams – State Farm Insurance Agent
233 N 48th St o – Lincoln, NE 68504 – (402) 434-6050 – View Map - Solomon Halim – State Farm Insurance Agent
4007 S 48th St – Lincoln, NE 68506 – (402) 486-3839 – View Map
Independent Agents (or Brokers)
These agents are not locked into one company so they have the ability to put coverage through many different auto insurance companies depending on which coverage is best. If they quote lower rates, they simply move your policy to a different company without you having to go to a different agency.
When comparison shopping, it’s recommended you compare quotes from at least one independent agent for maximum quote selection. A lot of them also have access to smaller regional carriers that may have much lower rates than larger companies.
Listed below are independent agencies in Lincoln who can help you get price quotes.
- Stuchlik and Associates Insurance
130 Cherry Hill Blvd – Lincoln, NE 68510 – (402) 489-8990 – View Map - UNICO Group
1128 Lincoln Mall #200 – Lincoln, NE 68508 – (402) 434-7200 – View Map - Mittelstadt Agency LLC
1701 K St – Lincoln, NE 68508 – (402) 434-3990 – View Map
Find Mazda MX-5 Miata Insurance for Less
Many different elements are considered when quoting car insurance. A few of the factors are predictable such as your driving record, but others are less apparent such as whether you are married or how financially stable you are. Smart consumers have a good feel for the different types of things that are used to determine your premiums. When you understand what determines base rates, this enables you to make decisions that could result in much lower annual insurance costs.
The following are a few of the “ingredients” utilized by car insurance companies to help set your premiums.
More policies can equal more savings – Some companies apply a discount for people who have multiple policies with them. It’s known as a multi-policy discount. Even though this discount sounds good, it’s always a smart idea to get quotes from other companies to make sure you are getting the best deal. You may still save money by buying auto insurance from a different company.
Maintain auto insurance coverage – Letting your insurance expire is a quick way to increase your auto insurance rates. In addition to paying higher premiums, being ticketed for driving with no insurance may result in fines and jail time. You could then be forced to provide proof of insurance in the form of an SR-22 filing with the Nebraska DMV.
Low credit rating equals high rates – Credit score is a big factor in determining premium rates. So if your credit score is low, you may save money insuring your Mazda MX-5 Miata by spending a little time repairing your credit. Insureds that have high credit ratings tend to be less risk to insure than those with lower ratings.
Insurance costs are higher for high performance vehicles – The make and model of the car you are trying to find cheaper insurance for makes a substantial difference in how high your rates are. Lower cost passenger vehicles generally receive the lowest base rates, but the final cost of insurance is determined by many other factors.
The data below assumes a married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. The chart compares Mazda MX-5 Miata policy rates compared to other models that have a range of performance rating factors.
Mazda MX-5 Miata insurance loss data – Companies study historical loss data when determining insurance prices. Models that tend to have higher number or severity of losses will have higher rates for specific coverages.
The information below illustrates the insurance loss data for Mazda MX-5 Miata vehicles. For each policy coverage, the statistical loss for all vehicles compiled together is a value of 100. Values under 100 imply a favorable loss record, while numbers above 100 point to more claims or an increased chance of larger losses than average.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Mazda MX-5 Miata Convertible | 76 | 61 | 74 | 72 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Why you need car insurance
Despite the high cost, insuring your vehicle is most likely required but also gives you several important benefits.
- Just about all states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability coverage in order to get the vehicle licensed. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Mazda MX-5 Miata has a loan, most banks will require that you buy insurance to guarantee payment of the loan. If you let the policy lapse, the bank may insure your Mazda at a more expensive rate and require you to fork over the higher premium.
- Insurance safeguards not only your Mazda MX-5 Miata but also your financial assets. It will also reimburse you for medical transport and hospital expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also pays for attorney fees and expenses if you cause an accident and are sued. If damage is caused by hail or an accident, your car insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance more than offset the price you pay, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is overpaying over $855 a year so compare rate quotes each time the policy renews to be sure current rates are still competitive.
Don’t give up on cheaper rates
Throughout this article, we presented a lot of information how to compare Mazda MX-5 Miata insurance prices in Lincoln. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even be surprised to find that the most savings is with an unexpected company.
When you buy Lincoln car insurance online, don’t be tempted to skimp on coverage in order to save money. Too many times, an insured dropped collision coverage only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find for the lowest cost and still be able to protect your assets.
Cost effective Mazda MX-5 Miata insurance can be found online in addition to many Lincoln insurance agents, and you need to price shop both to have the best selection. A few companies do not offer rates over the internet and most of the time these small, regional companies prefer to sell through local independent agents.
How to find the cheapest rates for Mazda MX-5 Miata insurance in Lincoln
Really, the only way to get discount Mazda MX-5 Miata insurance in Lincoln is to annually compare prices from different companies who provide car insurance in Nebraska.
First, it will benefit you to learn about what is in your policy and the changes you can make to prevent rate increases. Many risk factors that cause rate increases such as multiple speeding tickets and an unacceptable credit score can be improved by improving your driving habits or financial responsibility.
Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or State Farm, while agents who are independent can provide rate quotes for a wide range of insurance providers. Click to view companies
Third, compare the quotes to the price on your current policy to see if a cheaper rate is available in Lincoln. If you can save some money, verify that coverage does not lapse between policies.
Fourth, tell your current agent or company to cancel your existing policy. Submit a completed application and payment for the new policy. Once the paperwork is finalized, put the proof of insurance certificate with the vehicle registration.
A good tip to remember is to make sure you’re comparing the same deductibles and limits on each price quote and to quote with as many different insurance providers as possible. This guarantees a level playing field and a complete price analysis.
Additional resources
- Safety Tips for Teen Drivers (Insurance Information Institute)
- How Much are Car Insurance Rates for Good Students in Lincoln? (FAQ)
- Who Has Cheap Auto Insurance Rates for Immigrants in Lincoln? (FAQ)
- Who Has Cheap Car Insurance for First-time Drivers in Lincoln? (FAQ)
- Who Has Cheap Auto Insurance Rates for Homeowners in Lincoln? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)