Best Quotes for Mazda MX-5 Miata Insurance in Anchorage

The easiest way to get cheaper Mazda MX-5 Miata insurance in Anchorage is to compare prices annually from insurers in Alaska.

Step 1: Read about coverages and the things you can change to lower rates. Many policy risk factors that increase rates such as traffic tickets, fender benders, and a less-than-favorable credit score can be amended by making minor changes in your lifestyle. Continue reading for more details to help prevent costly coverage and find overlooked discounts.

Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers.

Step 3: Compare the quotes to the premium of your current policy to see if a cheaper price is available. If you find better rates and switch companies, verify that coverage does not lapse between policies.

Step 4: Give proper notification to your current agent or company to cancel your current car insurance policy and submit the completed application along with a down payment for your new coverage. Make sure you keep the new certificate verifying proof of insurance in a readily accessible location in your vehicle.

A good tip to remember is that you use the same deductibles and limits on every price quote and and to compare as many auto insurance providers as possible. This ensures an accurate price comparison and plenty of rates choose from.

Smart shoppers know that insurance companies don’t want policyholders to compare prices from other companies. Consumers who shop around once a year are highly likely to switch insurance companies because the odds are good of finding a lower-priced policy. Remarkably, a study showed that drivers who regularly compared rates saved about $865 annually as compared to drivers who never shopped for cheaper rates.

If finding low prices for insurance is your intention, then having a good understanding how to quote prices and compare insurance coverage can save time, money, and frustration.

The easiest way to compare insurance rates in your area is to take advantage of the fact most larger insurance companies have advanced systems to compare their rates. All consumers are required to do is provide a little information including if your license is active, if it has an anti-theft system, how you use your vehicles, and your occupation. Those rating factors is sent automatically to multiple top-rated companies and you will receive price estimates quickly.

If you would like to start a quote now, click here and complete the quick form.

The companies in the list below offer free quotes in Anchorage, AK. To locate cheaper car insurance in Anchorage, it’s a good idea that you get price quotes from several of them to get the lowest price.

Statistics and details

The coverage information shown next covers different insurance coverage prices for Mazda MX-5 Miata models. Understanding how auto insurance prices are calculated can aid in making decisions on the best policy coverages.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Prices do not factor in specific zip code location which can alter premiums noticeably.

Choosing deductibles

When comparing car insurance rates, the most common question is which deductible level should you buy. The premium rates below lay out the rate difference between high and low deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in specific location which can raise or lower prices considerably.

Based on the above data, using a $100 deductible costs an average of $18 more each month or $216 annually across all Mazda MX-5 Miata models than opting for the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 22 months between claims, you would probably save some money going with the higher deductible.

One important note is that increasing deductibles to save money results in a higher out-of-pocket expense when you have to file a claim. You will want to have enough extra savings in the event you have to pay more to get your vehicle repaired.

Poor driving habits will raise your car insurance rates

The diagram below shows how violations and accidents increase Mazda MX-5 Miata insurance premiums for different age groups of insureds. The prices are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied to the premium.

Full coverage rates vs. liability-only

The illustration below shows the difference between Mazda MX-5 Miata premium costs with full physical damage coverage and with liability coverage only. The information is based on no claims or driving violations, $500 deductibles, drivers are not married, and no discounts are applied.

Should you pay for full coverage?

There isn’t a steadfast formula for phasing out full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Mazda MX-5 Miata replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after paying the physical damage deductible. If premiums are more than $600 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some situations where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you have to carry 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 even your car is totaled, you should not eliminate full coverage.

Car insurance is not optional but you don’t have to overpay

Even though it’s not necessarily cheap to insure a Mazda in Anchorage, car insurance is not optional due to several reasons.

• Most states have mandatory insurance requirements which means the state requires specific minimum amounts of liability insurance if you drive a vehicle. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Mazda MX-5 Miata has a lienholder, it’s guaranteed your bank will require that you carry insurance to guarantee payment of the loan. If you default on your policy, the bank may insure your Mazda at an extremely high rate and require you to reimburse them for the much more expensive policy.
• Insurance safeguards not only your car but also your assets. It also can pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also covers legal expenses if anyone sues you for causing an accident. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance definitely exceed the price paid, particularly when you have a large claim. On average, a vehicle owner in Anchorage is currently overpaying as much as $820 a year so compare rate quotes every year to be sure current rates are still competitive.

Save money with these ten price cutting discounts

Companies don’t list every possible discount in a way that’s easy to find, so here is a list both well-publicized and also the lesser-known discounts that you may qualify for.

• Good Students Pay Less – Maintaining excellent grades can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
• Seat Belt Discounts – Using a seat belt and requiring all passengers to buckle up before driving can save a little on the medical payments or PIP coverage costs.
• Data Collection Discounts – Anchorage drivers who agree to allow data collection to scrutinize where and when they drive by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if their driving habits are good.
• Senior Citizen Rates – Drivers that qualify as senior citizens can possibly qualify for better insurance rates.
• Discounts for Cautious Drivers – Drivers who don’t get into accidents may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
• Life Insurance – If the company offers life insurance, you could get a small discount if you purchase life insurance from them.
• Save with a New Car – Buying insurance coverage on a new vehicle can save you some money due to better safety requirements for newer models.
• First Accident Forgiveness – This one isn’t a discount, but some companies like GEICO and Liberty Mutual will allow you to have one accident without getting socked with a rate hike if you are claim-free prior to the accident.
• Clubs and Organizations – Affiliation with certain professional organizations may earn a discount when shopping for insurance.
• Braking Control Discount – Cars, trucks, and SUVs equipped with ABS or steering control are safer to drive and will save you 10% or more on MX-5 Miata insurance in Anchorage.

Remember that some of the credits will not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. Just because you may think having all the discounts means you get insurance for free, you won’t be that lucky. But all discounts will help lower the premium cost.

The information below illustrates the comparison of Mazda MX-5 Miata insurance rates with and without discounts applied. The data assumes a male driver, no violations or accidents, Alaska state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, safe-driver, multi-policy, and claim-free discounts applied.

A list of insurance companies and some of the discounts can be read below.

• State Farm has savings for student away at school, anti-theft, multiple policy, passive restraint, defensive driving training, driver’s education, and Drive Safe & Save.
• Esurance includes discounts for safety device, good student, online shopper, Pac-12 alumni, and paid-in-full.
• Progressive may include discounts for online quote discount, continuous coverage, multi-policy, online signing, good student, and homeowner.
• Liberty Mutual policyholders can earn discounts including teen driver discount, new graduate, multi-policy, hybrid vehicle, and newly retired.
• Auto-Owners Insurance may have discounts that include group or association, paid in full, paperless, company car, safe vehicle, and student away at school.
• GEICO offers discounts including multi-policy, daytime running lights, anti-theft, anti-lock brakes, and defensive driver.

If you need the cheapest Mazda MX-5 Miata rate quotes, ask every prospective company which discounts they offer. All car insurance discounts may not apply to policyholders in your state. For a list of insurers with the best Mazda MX-5 Miata insurance discounts in Alaska, click here to view.

Situations that may require an agent’s advice

Always remember that when buying insurance from an agent or online for your vehicles, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed.
Here are some questions about coverages that might point out whether your personal situation would benefit from professional advice.

• Am I covered when delivering products for my home-based business?
• Do I need medical payments coverage since I have good health insurance?
• What companies insure drivers after a DUI or DWI?
• Does coverage follow the driver or the vehicle?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Do I have any recourse if my insurance company denies a claim?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance agent or online?

A lot of people would prefer to visit with an insurance agent and that is a personal choice. Good insurance agents are highly skilled in risk management and help submit paperwork. One of the great benefits of getting online price quotes is that you can obtain the lowest rates but still work with a licensed agent. Buying from local agents is definitely important in Anchorage.

To make it easy to find an agent, after completing this quick form, the quote information is immediately sent to companies in Anchorage that give free quotes to get your business. You won’t even need to search for any insurance agencies as quotes are delivered to your email. If you need to get a price quote from a specific insurance company, you can always navigate to their website and give them your coverage information.

Different types of Anchorage auto insurance agents

If you want to use a local Anchorage insurance agency, you must know there are a couple different agency structures and how they operate. Agencies in Anchorage are considered either independent or exclusive depending on the company they work for. Either type can sell affordable car insurance policies, but it’s a good idea to understand how they differ since it can impact which type of agent you select.

Independent Agencies or Brokers

Agents in the independent channel are not employed by one company and that gives them the ability to insure with lots of companies and potentially find a lower price. If premiums increase, they simply move the coverage in-house and you don’t have to do anything.

When comparing car insurance prices, you definitely need to include at a minimum one independent agency for the best price selection. They also have the ability to place coverage with smaller companies which may provide better rates.

Below is a partial list of independent agents in Anchorage who may provide free car insurance quotes.

• The Wilson Agency
  3000 A St #400 – Anchorage, AK 99503 – (907) 277-1616 – View Map
• Marsh Mc Lennan Agency
  1031 W 4th Ave #400 – Anchorage, AK 99501 – (907) 276-5617 – View Map
• Alaska Pacific Insurance Agency dba: APIA Insurance
  912 E 15th Ave #100 – Anchorage, AK 99501 – (800) 890-5563 – View Map

View more Anchorage agents

Exclusive Agencies

Agents that elect to be exclusive can only provide pricing for a single company and examples are State Farm, Allstate and AAA. They usually cannot give you multiple price quotes so they have no alternatives for high prices. Exclusive agents are usually well trained on what they offer and that allows them to sell at a higher price point. Consumers frequently buy from exclusive agents primarily because of the brand name and solid financial strength.

Listed below are exclusive insurance agencies in Anchorage willing to provide price quote information.

• State Farm Insurance Companies Agent
  3900 Arctic Blvd #102 – Anchorage, AK 99503 – (907) 563-3188 – View Map
• State Farm: Charity Carmody
  405 W Benson Blvd – Anchorage, AK 99503 – (907) 336-8800 – View Map
• Bill Evans – State Farm Insurance Agent
  805 Gambell St – Anchorage, AK 99501 – (907) 276-2424 – View Map

View more Anchorage agents

Picking the best insurance agency needs to be determined by more than just a cheap price. Here are some questions you might want to ask.

• Is the agency covered by Errors and Omissions coverage?
• Do you have coverage for a rental car if your vehicle is in the repair shop?
• How long have they worked with personal auto insurance coverage?
• Can you choose the body shop in case repairs are needed?
• Does the agency have a good rating with the Better Business Bureau?
• What insurance companies do they recommend if they are an independent agent?

Specifics of your car insurance policy

Knowing the specifics of car insurance aids in choosing appropriate coverage for your vehicles. Car insurance terms can be impossible to understand and coverage can change by endorsement. These are the normal coverages offered by car insurance companies.

Comprehensive coverage

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, damage from flooding, fire damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for short-term medical expenses such as nursing services, X-ray expenses, hospital visits, prosthetic devices and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Coverage for collisions

Collision coverage pays for damage to your MX-5 Miata from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like backing into a parked car, sideswiping another vehicle, driving through your garage door, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also raise the deductible on your MX-5 Miata in order to get cheaper collision rates.

Auto liability

Liability insurance will cover damages or injuries you inflict on people or other property by causing an accident. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/25 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things such as legal defense fees, pain and suffering and funeral expenses. How much coverage you buy is your choice, but buy as much as you can afford. Alaska requires drivers to carry at least 50/100/25 but drivers should carry more coverage.

The chart below shows why buying low liability limits may not provide adequate coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Mazda MX-5 Miata.

Because many people carry very low liability coverage limits (Alaska limits are 50/100/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Shop around and save

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. Too many times, drivers have reduced physical damage coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage at the best price while not skimping on critical coverages.

Cost effective Mazda MX-5 Miata insurance can be sourced on the web and with local Anchorage insurance agents, so you need to quote Anchorage auto insurance with both to get a complete price analysis. Some insurance providers may not have online rate quotes and most of the time these smaller providers sell through independent insurance agents.

For more information, take a look at these articles:

• New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
• How Much are Anchorage Car Insurance Quotes for Safe Drivers? (FAQ)
• Who Has Cheap Anchorage Auto Insurance for a Toyota Highlander? (FAQ)
• Who Has Affordable Auto Insurance Quotes for Young Drivers in Anchorage? (FAQ)
• Can I Drive Legally without Insurance? (Insurance Information Institute)
• Prom Night Tips for Teen Drivers (State Farm)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Auto Insurance Basics (Insurance Information Institute)