Find Cheaper Mazda MX-5 Miata Insurance in Indianapolis

Inconceivable but true, the vast majority of drivers have stayed with the same insurance company for at least four years, and roughly 40% of drivers have never compared rates with other companies. Indianapolis drivers could save about 55% a year, but they just don’t understand how much they could save if they switched to a cheaper policy.

Really, the only way to save on auto insurance rates in Indianapolis is to start doing a yearly price comparison from companies that insure vehicles in Indiana.

First, read and learn about what coverages are included in your policy and the measures you can take to prevent high rates. Many rating criteria that increase rates like accidents, careless driving, and a not-so-good credit history can be improved by paying attention to minor details.

Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while independent agents can provide prices for many different companies.

Third, compare the new quotes to the premium of your current policy to determine if you can save on MX-5 Miata insurance. If you find a better price and decide to switch, make sure there is no lapse in coverage.

Fourth, notify your agent or company to cancel your current auto insurance policy and submit payment and a completed application to the new company. When you receive it, keep your new proof of insurance paperwork above your visor, in the console, or in the glove compartment.

A good tip to remember is that you’ll want to compare similar deductibles and liability limits on every quote and and to get price estimates from all possible companies. Doing this ensures a fair price comparison and the best price quote selection.

The fastest way that we advise to compare policy rates for Mazda MX-5 Miata insurance in Indianapolis is to know most insurance companies will pay a fee to quote your coverage. The one thing you need to do is provide the companies a bit of rating information including deductibles desired, if you are currently licensed, what you do for a living, and whether your vehicle is owned or leased. Those rating factors is instantly submitted to many different companies and they return rate quotes almost instantly.

If you would like to compare rates now, click here and find out if lower rates are available in Indianapolis.

The companies shown below offer price comparisons in Indiana. If multiple companies are listed, we suggest you visit two to three different companies to get the most competitive price.

Statistics and details

The rate table shown next showcases estimates of insurance premium costs for Mazda MX-5 Miata models. Having a good understanding how insurance prices are calculated is important for drivers to make decisions when choosing a new policy provider.

Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Information does not factor in your specific Indianapolis location which can modify rates substantially.

An analysis of deductible level

When shopping for car insurance, a common question is which deductibles should you choose. The rates shown below highlight the costs and benefits between high and low coverage deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can influence premium rates considerably.

Based on the above data, using a $100 deductible will cost in the ballpark of $19 more each month or $228 each year averaged for all MX-5 Miata models than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 21 months between claim filings, you would come out ahead if you decide on a higher deductible.

The illustration below shows how different deductible levels and can change Mazda MX-5 Miata annual premium costs for each age group. The rate quotes are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Safe drivers pay less for car insurance

The information below demonstrates how citations and at-fault fender-benders can impact Mazda MX-5 Miata premium costs for different age categories. The rate quotes are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

Companies offer lots of discounts on Mazda MX-5 Miata insurance in Indianapolis

Companies that sell car insurance don’t always list the complete list of policy discounts very well, so we researched both well-publicized as well as some of the hidden discounts that you can inquire about if you buy Indianapolis auto insurance online. If you don’t get every credit available, you’re paying more than you need to.

• Senior Citizen Rates – Drivers that qualify as senior citizens may qualify for a small discount on rates.
• Discounts for Responsible Drivers – Accident-free drivers may save up to 50% more than less cautious drivers.
• Discount for Good Grades – Being a good student could provide a savings of up to 20% or more. Most companies allow this discount up until you turn 25.
• Passive Restraint Discount – Vehicles equipped with air bags could see savings of 20% or more.
• Low Mileage Discounts – Low mileage vehicles could qualify for discounted rates on garaged vehicles.
• Early Renewal Discounts – A few larger companies give discounts for switching policies before your current MX-5 Miata insurance policy expires. This can save 10% or more.
• Military Rewards – Being deployed with a military unit could trigger a small discount.
• Save with a New Car – Buying a new car model can save up to 30% because new model year vehicles are generally safer.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Some only reduce specific coverage prices like comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, companies don’t profit that way.

The diagram below visualizes the comparison of Mazda MX-5 Miata auto insurance rates with and without policy discounts. The rates are based on a female driver, no violations or claims, Indiana state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, safe-driver, multi-policy, and homeowner discounts applied.

Companies and the discounts they provide are shown below.

• State Farm includes discounts for multiple autos, anti-theft, accident-free, defensive driving training, and Drive Safe & Save.
• Farmers Insurance offers premium reductions for youthful driver, good student, business and professional, mature driver, teen driver, distant student, and bundle discounts.
• GEICO may have discounts that include military active duty, good student, seat belt use, multi-vehicle, anti-theft, and five-year accident-free.
• American Family may include discounts for good student, defensive driver, mySafetyValet, air bags, TimeAway discount, multi-vehicle, and Steer into Savings.
• Nationwide discounts include family plan, good student, easy pay, business or organization, and accident-free.
• Progressive has savings for homeowner, continuous coverage, multi-vehicle, good student, and multi-policy.

Before purchasing a policy, check with all the companies how many discounts you can get. Discounts might not apply everywhere. To find companies that offer discounts in Indiana, follow this link.

Three main reasons to buy auto insurance

Even though Indianapolis MX-5 Miata insurance rates can get expensive, maintaining insurance is mandatory in Indiana but it also protects more than you think.

• The majority of states have mandatory insurance requirements which means you are required to buy a minimum amount of liability protection if you want to drive legally. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your Mazda with a loan, most lenders will require that you have comprehensive coverage to guarantee loan repayment. If you do not keep the policy in force, the lender will be forced to insure your Mazda at a significantly higher premium and make you pay for the much more expensive policy.
• Auto insurance protects not only your car but also your financial assets. It will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit in the event you are sued. If you have damage to your Mazda as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having insurance outweigh the cost, particularly when you have a large claim. On average, a vehicle owner in Indianapolis overpays as much as $810 a year so we recommend shopping around at every policy renewal to ensure rates are competitive.

When do I need to contact an agent?

Some consumers would rather sit down and talk to an agent and we recommend doing that One of the best bonuses of getting online price quotes is you may find cheap insurance rates but still work with a licensed agent.

By using this form (opens in new window), your information is submitted to local insurance agents who will return price quotes and help you find cheaper coverage. You don’t have to search for an agent due to the fact that quote results will go directly to you. You can find the lowest rates and an insurance agent to talk to. If you have a need to quote rates from a particular provider, you just need to navigate to their website and complete a quote there.

Finding a good insurer is decision based upon more than just the premium amount. A good agent in Indianapolis will have answers to these questions.

• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Do they offer accident forgiveness?
• Where would glass claims be handled in Indianapolis?
• Do you work with a CSR or direct with the agent?
• Which companies do they recommend if they are an independent agency?
• Is coverage determined by price?

Pick the best car insurance agent in Indianapolis for you

When looking for a local insurance agency, you must know there are a couple types of agencies and how they can quote your rates. Insurance policy providers may be either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agencies

Agents that elect to be exclusive work for only one company such as State Farm or Allstate. They generally cannot compare other company’s rates so keep that in mind. Exclusive insurance agents are usually well trained on what they offer and that allows them to sell at a higher price point. Many people use the same exclusive agent mainly due to high brand loyalty instead of buying on price only.

Listed below is a short list of exclusive agencies in Indianapolis that are able to give price quotes.

• Allstate Insurance: Scott Verbarg
  6120 E Thompson Rd Ste B – Indianapolis, IN 46237 – (317) 802-1550 – View Map
• State Farm: Rahvy Murray
  3955 Eagle Creek Pkwy E – Indianapolis, IN 46254 – (317) 297-3804 – View Map
• Bill Hill – State Farm Insurance Agent
  7423 E 82nd St – Indianapolis, IN 46256 – (317) 849-4119 – View Map

More Indianapolis agents

Independent Insurance Agents

Independent agencies are normally appointed by many insurers so they have the ability to put coverage with any number of different companies and find the cheapest insurance rates. If you want to switch companies, your policy is moved internally and the insured can keep the same agent. If you need lower rates, you definitely need to compare prices from multiple independent agents for maximum quote selection. Most also write with mutual insurance companies which may provide better rates.

Listed below are independent insurance agencies in Indianapolis who can help you get price quotes.

• Summit Insurance Agency Inc
  9302 N Meridian St #297 – Indianapolis, IN 46260 – (317) 844-4701 – View Map
• Skaggs Insurance Agencies Inc
  5519 E 82nd St e – Indianapolis, IN 46250 – (317) 841-6000 – View Map
• The George Group
  5627 S Franklin Rd – Indianapolis, IN 46239 – (317) 862-2200 – View Map

More Indianapolis agents