Mazda MX-5 Miata Insurance Quotes in New Orleans

If you want to find the absolute lowest rates, then the best way to find affordable Mazda MX-5 Miata insurance is to start comparing rates regularly from insurers in New Orleans.

  1. Try to comprehend how car insurance works and the modifications you can make to drop your rates. Many things that cause rate increases such as traffic violations and a not-so-good credit score can be amended by being financially responsible and driving safely. This article provides ideas to prevent expensive rate increases and find available discounts that you may qualify for.
  2. Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes for many different companies. View companies
  3. Compare the price quotes to your existing rates to determine if you can save on MX-5 Miata insurance in New Orleans. If you find a lower rate, ensure coverage does not lapse between policies.
  4. Tell your current company of your intent to cancel your current policy and submit a signed application and payment to the newly selected company. Immediately upon receiving it, keep your new proof of insurance certificate in an easily accessible location in your vehicle.

The most important part of this process is to try to use the same deductibles and limits on every quote and to quote with as many different insurance providers as possible. Doing this provides a level playing field and a thorough selection of prices.

Insurance quote for Mazda MX-5 Miata in New OrleansA recent insurance study revealed that a large majority of consumers have bought insurance from the same company for at least the last four years, and virtually 40% of consumers have never compared rates with other companies. Many drivers in Louisiana could cut their rates by up to 35% a year, but they just feel it’s too hard to compare rates and save money.

Many insurance companies such as 21st Century, Allstate and State Farm provide coverage prices direct online. Getting online rates for Mazda MX-5 Miata insurance in New Orleans is very simple because you just enter your personal and coverage information on the page. After the form is submitted, the quote system will order your driving record and credit report and quotes a price based on these and other factors.

Using the web to get rate quotes for Mazda MX-5 Miata insurance in New Orleans makes it a lot easier to compare rates and it’s very important to perform this step in order to find affordable prices.

To quickly compare pricing, take a look at the companies shown below. If you have a policy now, it’s recommended you type in the coverage information identical to your current policy. This way, you are getting a fair comparison based on the exact same insurance coverage.

The companies shown below have been selected to offer quotes in Louisiana. To locate cheaper car insurance in New Orleans, it’s a good idea that you visit two to three different companies to get a more complete price comparison.

Save a ton by applying discounts

Insurance can cost an arm and a leg, but there could be available discounts to help bring down the price. Most are applied at the time of purchase, but a few must be asked about before they will apply. If you aren’t receiving every discount available, you may be paying too high a price.Auto insurance discounts

Discounts save money, but please remember that most credits do not apply to the entire policy premium. Most 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, it’s just not the way it works.

The illustration below compares Mazda MX-5 Miata insurance costs with and without discounts applied to the premium. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Louisiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, marriage, multi-policy, and multi-car discounts applied.

To see a list of auto insurance companies with the best discounts in Louisiana, follow this link.

Mazda MX-5 Miata detailed coverage information

The table shown next outlines different insurance rates for Mazda MX-5 Miata models. Having a good grasp of how auto insurance prices are calculated can be useful when making decisions on the best policy to buy.

Mazda MX-5 Miata Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $282 $494 $534 $32 $160 $1,502 $125
MX-5 Miata Touring 2-Dr Convertible $324 $600 $534 $32 $160 $1,650 $138
MX-5 Miata Grand Touring 2-Dr Convertible $324 $600 $534 $32 $160 $1,650 $138
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Table data does not factor in specific garaging location which can affect premiums significantly.

Drive safe and save

The diagram below shows how traffic citations and at-fault claims influence Mazda MX-5 Miata insurance costs for different age groups. The rates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

Full coverage versus liability only rates

The diagram below illustrates the difference between Mazda MX-5 Miata car insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or accidents, $100 deductibles, single status, and no additional discounts are factored in.

When to eliminate full coverage

There is no definitive rule to stop paying for full coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Mazda MX-5 Miata replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after you pay the deductible. If you are paying more than $800 annually for full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where dropping full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

What is the best car insurance company in New Orleans?

Ending up with a highly-rated car insurance provider is difficult considering how many choices there are in Louisiana. The company information shown next may help you decide which auto insurance companies you want to consider when comparing rate quotes.

Top 10 New Orleans Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 New Orleans Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

How You Can Control Mazda MX-5 Miata Insurance Premiums

Many things are considered when you get a price on insurance. Some are pretty understandable like an MVR report, but some are more obscure like your vehicle usage or how financially stable you are.

Shown below are a few of the things companies use to determine your premiums.