The preferred way to get budget auto insurance rates is to make a habit of regularly comparing prices from different companies in Las Vegas. You can compare rates by following these steps.
Step 1: Spend some time learning about how your policy works and the measures you can control to keep rates down. Many policy risk factors that cause rate increases like careless driving and an imperfect credit rating can be improved by improving your driving habits or financial responsibility.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO and State Farm, while independent agencies can provide prices for many different companies.
Step 3: Compare the price quotes to the premium of your current policy to see if a cheaper price is available. If you find better rates, verify that coverage does not lapse between policies.
Step 4: Notify your agent or company of your intent to cancel your existing policy. Submit the required down payment along with the signed application to your new insurance company. As soon as coverage is bound, put the new certificate verifying coverage in your glove compartment.
A good tip to remember is to use the same coverage limits and deductibles on every price quote and and to compare as many auto insurance providers as possible. This helps ensure an accurate price comparison and the most accurate and complete price analysis.
We don’t have to point out that fact that car insurance companies don’t want policyholders to shop around. People who get price quotes annually will most likely switch to a new company because there is a good chance of finding lower rate quotes. A study discovered that people who did price comparisons regularly saved about $860 a year compared to other drivers who never compared rates.
If finding the lowest price for Mazda MX-5 Miata insurance is your target objective, understanding how to get price quotes and compare insurance rates can make it easier to shop your coverage around.
Finding the cheapest coverage in Las Vegas is not that difficult as long as you know where to start. In a nutshell, each driver who shops around for insurance should find a cheaper policy. But Nevada car owners must learn how insurance companies set your policy premium because rates are impacted by many factors.
Companies offering Mazda MX-5 Miata insurance in Nevada
The car insurance companies shown below offer quotes in Las Vegas, NV. If your goal is to find cheap car insurance in Nevada, we suggest you visit as many as you can in order to get a fair rate comparison.
Rates and detailed analysis
The data table shown below showcases detailed analysis of insurance prices for Mazda MX-5 Miata models. Understanding how premiums are figured can benefit drivers when making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|MX-5 Miata Sport 2-Dr Convertible||$178||$340||$296||$18||$88||$920||$77|
|MX-5 Miata Touring 2-Dr Convertible||$204||$414||$296||$18||$88||$1,020||$85|
|MX-5 Miata Grand Touring 2-Dr Convertible||$204||$414||$296||$18||$88||$1,020||$85|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Price estimates do not factor in garaging location in Las Vegas which can change coverage rates greatly.
The diagram below highlights how deductible choice and can influence Mazda MX-5 Miata yearly insurance costs for different categories of driver ages. The information is based on a single male driver, full physical damage coverage, and no discounts are factored in.
Drive responsibly or pay higher rates
The illustration below demonstrates how citations and accident claims can drive up Mazda MX-5 Miata insurance costs for different age groups. The information is based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
Full coverage versus liability only rates
The chart below shows the comparison of Mazda MX-5 Miata insurance prices with full coverage and liability only. The premium estimates are based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied.
Deciding between full coverage and liability only
There is no clear-cut rule of when to stop paying for physical damage insurance, 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, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Mazda MX-5 Miata claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $4,000 after the deductible is paid. If you are currently paying more than $400 a year for full coverage, then you might want to consider buying only liability coverage.
There are a few cases where dropping physical damage coverage is not recommended. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Affordable rates on Mazda MX-5 Miata insurance in Las Vegas with these nine discounts
Car insurance can be pricey, but you might find some hidden discounts that you may not even know about. Some discounts will apply when you complete an application, but a few must be inquired about before you will receive the discount.
- Multi-Vehicle Discounts – Purchasing coverage when you have multiple vehicles on the same car insurance policy qualifies for this discount.
- Anti-lock Brake System – Cars, trucks, and SUVs that have anti-lock braking systems can reduce accidents and will save you 10% or more on MX-5 Miata insurance in Las Vegas.
- Multiple Policy Discount – If you combine your auto and home policies with the same insurance company you could save as much as 10 to 15 percent.
- Low Mileage Discounts – Driving fewer miles could earn cheaper premium rates.
- Passive Restraints – Factory options such as air bags or motorized seat belts may get savings of 25 to 30%.
- College Student Discount – Kids who are enrolled in a college that is more than 100 miles from Las Vegas and do not have access to a covered vehicle could qualify for this discount.
- Federal Employees – Being employed by or retired from a federal job could qualify for a slight premium decrease depending on your car insurance provider.
- Defensive Driving Course – Taking time to complete a class that teaches driver safety techniques may get you a small discount and easily pay for the cost of the class.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower car insurance rate if you buy auto and life insurance together.
You should keep in mind that some of the credits will not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears all those discounts means the company will pay you, you’re out of luck.
The illustration below visualizes the comparison of Mazda MX-5 Miata auto insurance costs with and without discounts applied to the rates. The information is based on a female driver, no claims, a clean driving record, Nevada 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 multi-car, marriage, homeowner, safe-driver, claim-free, and multi-policy discounts applied.
A few of the larger companies and the discounts they provide are shown below.
- State Farm policyholders can earn discounts including driver’s education, accident-free, student away at school, passive restraint, multiple policy, good driver, and multiple autos.
- Nationwide has savings for good student, business or organization, family plan, easy pay, and anti-theft.
- GEICO offers discounts for emergency military deployment, good student, driver training, air bags, anti-theft, membership and employees, and seat belt use.
- AAA offers discounts including AAA membership discount, pay-in-full, anti-theft, education and occupation, and multi-car.
- 21st Century has discounts for teen driver, driver training, good student, homeowners, anti-lock brakes, and early bird.
- The Hartford may include discounts for defensive driver, anti-theft, bundle, vehicle fuel type, good student, and air bag.
Before you buy a policy, ask every insurance company which discounts you may be entitled to. Some of the earlier mentioned discounts might not be offered in every state. To see providers that offer multiple discounts in Nevada, follow this link.
Compare rates but buy from a local Las Vegas insurance agent
A small number of people still like to buy from a licensed agent and that is a smart decision One of the benefits of getting free rate quotes online is that drivers can save money and get the best rates but still work with a licensed agent.
Once you complete this short form, the quote information is sent to insurance agents in Las Vegas that give free quotes for your auto insurance coverage. There is no need to contact any insurance agencies since rate quotes are delivered to you. You can find better rates and an insurance agent to talk to. If you want to get a rate quote from a specific insurance company, you just need to navigate to their website and submit a quote form there.
Choosing the best company should depend on more than just the bottom line cost. Here are some questions you should ask.
- How experienced are they in personal risk management?
- Are they in the agency full-time?
- Will they give you a referral list?
- Is there a local claims center in Las Vegas?
- Is there a 24/7 contact number?
- Does the agent have professional designations like CIC, CPCU or AIC?
- If independent agents, which companies do they recommend?
- Does the company allow you to choose your own collision repair facility?
The type of car insurance agent you choose is important
If you want a reliable insurance agency, there are a couple of different types of agencies and how they are distinctly different. Agents in Las Vegas are classified as either exclusive or independent.
Exclusive Insurance Agents
Agents that choose to be exclusive have only one company to place business with like State Farm, AAA, and Liberty Mutual. They generally cannot provide rate quotes from other companies so keep that in mind. These agents are very knowledgeable in insurance sales which helps them sell on service rather than price. Some insured continue to buy from exclusive agents mostly because of the brand legacy and the convenience of having all coverages with one company.
Below is a short list of exclusive agencies in Las Vegas who can help you get price quotes.
- Farmers Insurance: Kenny Redelsperger
4045 Spencer St #114 – Las Vegas, NV 89119 – (702) 735-0926 – View Map
- State Farm Insurance: Nancy Kim
2213 Paradise Rd – Las Vegas, NV 89104 – (702) 685-4888 – View Map
- State Farm: Eric James
1350 E Flamingo Rd #14 – Las Vegas, NV 89119 – (702) 836-0953 – View Map
Independent Agencies or Brokers
Independent agents often have affiliation with several companies and that is an advantage because they can write policies with a variety of different insurance companies and find the cheapest rate. If you want to switch companies, your agent can just switch to a different company and you won’t have to switch agencies. When comparing auto insurance prices, we highly recommend that you get some free quotes from a few independent agents so that you have a good selection of quotes to compare. Most also have access to small regional insurance companies that may provide cheaper auto insurance rates.
The following are Las Vegas independent insurance agencies who can help you get price quotes.
- All Around Insurance Agency, Inc.
3970 N Tenaya Way #110 – Las Vegas, NV 89129 – (725) 696-7707 – View Map
- Red Rock Insurance
1958 Village Center Cir #5 – Las Vegas, NV 89134 – (702) 733-0330 – View Map
- Insurance Specialists – Auto and Home Agency
5025 S Eastern Ave #20 – Las Vegas, NV 89119 – (702) 307-3398 – View Map
Insurance coverage breakdown
Knowing the specifics of insurance can be of help when determining the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.
Coverage for uninsured or underinsured drivers
This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as damage to your Mazda MX-5 Miata.
Because many people only purchase the least amount of liability that is required (15/30/10), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like rock chips in glass, damage from a tornado or hurricane and hail damage. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Collision coverage covers damage to your MX-5 Miata resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things like sustaining damage from a pot hole, colliding with a tree, colliding with another moving vehicle, backing into a parked car and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to bump up the deductible on your MX-5 Miata to get cheaper collision coverage.
Liability auto insurance
Liability coverage provides protection from damage that occurs to a person or their property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 15/30/10 which means $15,000 in coverage for each person’s injuries, a limit of $30,000 in injury protection per accident, and a limit of $10,000 paid for damaged property.
Liability insurance covers things like loss of income, structural damage, funeral expenses and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford. Nevada requires drivers to carry at least 15/30/10 but it’s recommended drivers buy more coverage.
The next chart demonstrates why buying minimum limits may not be enough.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance pay for immediate expenses like EMT expenses, prosthetic devices, chiropractic care and surgery. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
Affordable car insurance rates are out there
In this article, we covered a lot of techniques to reduce Mazda MX-5 Miata insurance prices online in Las Vegas. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. You may even find the biggest savings come from a small mutual company.
When you buy Las Vegas car insurance online, never buy poor coverage just to save money. Too many times, an accident victim reduced uninsured motorist or liability limits to discover at claim time they didn’t purchase enough coverage. Your aim should be to purchase a proper amount of coverage for the lowest price.
Some car insurance companies don’t offer price quotes online and many times these small insurance companies prefer to sell through local independent agents. Low-cost Mazda MX-5 Miata insurance in Las Vegas is possible online as well as from independent agents in Las Vegas, so you should compare both to get a complete price analysis.
Additional car insurance information can be found below:
- Teen Driving and Texting (State Farm)
- Who Has the Cheapest Auto Insurance for Immigrants in Las Vegas? (FAQ)
- Who Has Affordable Car Insurance Rates for a Nissan Altima in Las Vegas? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Drivers Over Age 50 in Las Vegas? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)