Amazingly, a recent NerdWallet.com study showed that nearly 70% of customers have been with the same company for over three years, and nearly 40% of drivers have never quoted auto insurance rates at all. Oklahoma drivers could save $550 each year just by shopping around, but they just assume it takes a lot of time to find cheap auto insurance rates.
If you want to save the most money, the best way to find cheaper Mazda MX-5 Miata insurance in Tulsa is to compare prices at least once a year from different companies in Oklahoma. You can compare rates by following these steps.
- Try to learn a little about car insurance and the modifications you can make to keep rates in check. Many risk factors that increase rates such as at-fault accidents, careless driving, and an unacceptable credit history can be eliminated by being financially responsible and driving safely.
- Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO and Allstate, while independent agencies can quote prices from multiple insurance companies.
- Compare the new rate quotes to the premium of your current policy to determine if you can save on MX-5 Miata insurance. If you find a lower rate, make sure coverage does not lapse between policies.
- Notify your company or agent to cancel your current policy and submit payment and a signed application for the new coverage. Once the application is submitted, keep your new proof of insurance certificate with the vehicle registration.
A valuable tip to remember is to try to use the same liability limits and deductibles on every quote request and and to look at as many auto insurance providers as possible. This provides an accurate price comparison and the most accurate and complete price analysis.
If you’re already insured or are looking for a new policy, take advantage of these tips to find the best rates and still have adequate protection. Quoting more affordable coverage in Tulsa is quite easy. Consumers just have to use the quickest way to shop for car insurance on the web.
The following companies are our best choices to provide free quotes in Oklahoma. To locate cheap auto insurance in OK, we recommend you visit as many as you can to get the best price comparison.
Insurance is not optional but you don’t have to overpay
Even though it can be expensive, insurance may not be optional for several reasons.
- Almost all states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability in order to drive the car. In Oklahoma 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 you took out a loan on your vehicle, most banks will make it a condition of the loan that you carry insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the lender will be forced to insure your Mazda at a significantly higher premium and force you to pay a much higher amount than you were paying before.
- Insurance protects your Mazda MX-5 Miata and your assets. It will also provide coverage for many types of medical costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your Mazda gets damaged, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance more than offset the price you pay, especially for larger claims. An average driver in America is wasting up to $750 every year so we recommend shopping around at every policy renewal to save money.
Rates and data analysis
The premium table displayed next outlines a range of insurance rates for Mazda MX-5 Miata models. Having a good grasp of how insurance quotes are formulated can help drivers make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $236 | $408 | $366 | $22 | $110 | $1,142 | $95 |
| MX-5 Miata Touring 2-Dr Convertible | $270 | $496 | $366 | $22 | $110 | $1,264 | $105 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $270 | $496 | $366 | $22 | $110 | $1,264 | $105 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium amounts do not factor in zip code location which can change premiums noticeably.
Rate comparison for different deductibles
When buying car insurance, a common question is how high should the physical damage coverage deductibles be. The following insurance rates show the cost difference when you select higher and lower policy deductibles. The first price estimate table uses a $100 deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $336 | $572 | $382 | $22 | $114 | $1,451 | $121 |
| MX-5 Miata Touring 2-Dr Convertible | $386 | $698 | $382 | $22 | $114 | $1,627 | $136 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $386 | $698 | $382 | $22 | $114 | $1,627 | $136 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| MX-5 Miata Sport 2-Dr Convertible | $186 | $302 | $382 | $22 | $114 | $1,006 | $84 |
| MX-5 Miata Touring 2-Dr Convertible | $214 | $368 | $382 | $22 | $114 | $1,100 | $92 |
| MX-5 Miata Grand Touring 2-Dr Convertible | $214 | $368 | $382 | $22 | $114 | $1,100 | $92 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rates do not factor in vehicle garaging location which can decrease or increase premium rates considerably.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $42 more each month or $504 for a full year across all Mazda MX-5 Miata models than selecting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 21 months between claims, you would more than likely save some money if you decide on a higher deductible. The table below illustrates the way this determination is made.
| Average monthly premium for $100 deductibles: | $131 |
| Average monthly premium for $1,000 deductibles (subtract): | – $89 |
| Monthly savings from raising deductible: | $42 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $42 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
One important caveat is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have to file a claim. That will necessitate some available funds in the event you have to pay more for the deductible.
Insurance discounts help lower rates for Mazda MX-5 Miata insurance in Tulsa
Insurance is not cheap nor is it fun to buy but you can get discounts that many people don’t even know exist. Certain discounts will be applied when you get a quote, but a few need to be requested specifically in order for you to get them.
- Save with More Vehicles Insured – Insuring multiple cars or trucks with the same insurance company can get a discount for every vehicle.
- Drivers Ed for Students – Cut your cost by having your teen driver participate in a local driver’s education class in school.
- Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
- Driver Training Discounts – Participating in a defensive driver course can save you 5% or more depending on where you live.
- Seat Belts Save more than Lives – Forcing all vehicle occupants to use their safety belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
- No Accidents – Drivers who don’t have accidents can earn big discounts as compared to insureds who have frequent claims or accidents.
It’s important to understand that most discount credits are not given to your bottom line cost. Some only apply to the price of certain insurance coverages like comp or med pay. So when it seems like all the discounts add up to a free policy, insurance companies aren’t that generous.
The information below shows the comparison of Mazda MX-5 Miata premium costs with and without discounts applied to the rates. The data is based on a male driver, no accidents or driving violations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, homeowner, multi-policy, and marriage discounts applied.
A partial list of companies that may have many of the previously listed discounts include:
If you want the cheapest Mazda MX-5 Miata rate quotes, ask every prospective company which discounts they offer. Some of the earlier mentioned discounts may not apply to policyholders in Tulsa. If you would like to choose from a list of providers with the best Mazda MX-5 Miata insurance discounts in Oklahoma, click this link.
Neighborhood agents and auto insurance
Many people still prefer to buy from a licensed agent and that is OK! Professional agents can point out coverage gaps and help file insurance claims. An additional benefit of comparing auto insurance online is the fact that you can find cheap auto insurance rates and still have a local agent. And buying from local agencies is definitely important in Tulsa.
To find an agent, once you fill out this form (opens in new window), the coverage information gets sent to companies in Tulsa who want to provide quotes for your business. There is no need to contact an agency as quotes are delivered instantly to you. In the event you want to get a comparison quote from a specific auto insurance provider, you can always go to their quote page and submit a quote form there.
The difference between Tulsa auto insurance agents
If you are wanting to find a local agent, it helps to know the two types of agencies that you can select. Auto insurance agents in Tulsa are categorized either exclusive or independent (non-exclusive). Either one can provide auto insurance policies, but it’s a good idea to understand the subtle differences because it may have an impact on your agent selection.
Independent Auto Insurance Agents
Agents that choose to be independent can sell policies from many different companies so they can quote policies with multiple insurance companies and find the cheapest rate. If they quote lower rates, your agent can just switch to a different company and you can keep the same agent. If you need lower rates, it’s a good idea to compare quotes from independent agents for maximum quote selection. Most also write with companies that do not advertise much that may provide cheaper auto insurance rates.
Featured below is a list of independent insurance agencies in Tulsa that can possibly get you pricing information.
- Sawyer-Phillips and Associates, Inc.
6666 S Sheridan Rd #220 – Tulsa, OK 74133 – (918) 794-4000 – View Map - Hometown Insurance Agency Inc
8282 S Memorial Dr #201 – Tulsa, OK 74133 – (918) 366-9999 – View Map - A-1 Insurance
4100 E 51st St #105 – Tulsa, OK 74135 – (918) 743-2886 – View Map
Exclusive Insurance Agencies
Exclusive insurance agents can usually just insure with one company such as AAA, Allstate, and State Farm. Exclusive agents are unable to shop your coverage around so they have to upsell other benefits. Exclusive insurance agents are very knowledgeable on their company’s products which helps overcome the inability to quote other rates. Many people choose to use an exclusive agent partially due to the brand name rather than having low rates.
Listed below are Tulsa exclusive agents that are able to give rate quotes.
- State Farm: Anita Ewing –
10021 S Yale Ave #102 – Tulsa, OK 74137 – (918) 298-2100 – View Map - Allstate Insurance: Ron Henderson
8733 S Lewis Ave – Tulsa, OK 74137 – (918) 291-7400 – View Map - State Farm: Ron Lockney
2828 E 91st St – Tulsa, OK 74137 – (918) 298-5444 – View Map
Deciding on an auto insurance agent requires more thought than just a low price. The answers to these questions are important, too.
- How often do they review coverages?
- In the event of vehicle damage, can you pick the collision repair facility?
- Can they help ensure a fair claim settlement?
- Is the agent properly licensed in Oklahoma?
- Where would glass claims be handled in Tulsa?
After getting satisfactory answers to any questions you have and locked in a price quote, you’ve probably found a car insurance agent that is professional and can adequately provide auto insurance. Just keep in mind you are entitled to cancel your policy for any reason so never assume that you are obligated to a specific agent with no way out.
Cheaper auto insurance is a realistic goal
As you go through the steps to switch your coverage, make sure you don’t buy less coverage just to save a little money. There have been many situations where consumers will sacrifice collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy a smart amount of coverage at the best price and still be able to protect your assets.
Throughout this article, we presented a lot of information how to reduce Mazda MX-5 Miata insurance rates online in Tulsa. The key concept to understand is the more price quotes you have, the higher your chance of finding inexpensive Tulsa auto insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from a lesser-known regional company.
Consumers who switch companies do it for any number of reasons including high prices, lack of trust in their agent, questionable increases in premium or even policy cancellation. No matter why you want to switch, finding the right auto insurance provider can be easy and end up saving you some money.
To learn more, feel free to visit the articles below:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Who Has Affordable Auto Insurance Rates for 17 Year Olds in Tulsa? (FAQ)
- Who Has the Cheapest Car Insurance for Single Moms in Tulsa? (FAQ)
- How Much are Tulsa Car Insurance Quotes for Nurses? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Chevrolet Equinox in Tulsa? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Honda CR-V in Tulsa? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Felons in Tulsa? (FAQ)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Rental Car Insurance Tips (Insurance Information Institute)
- Medical Payments Coverage (Liberty Mutual)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)