Miata Mailing List: May 1993, Message #76
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   From: (none)
Subject: Insurance panic
   Date: (none)


Ken Warren writes:
>First, about the trouble from the trade-in. The only increase you  
>should have seen from buying the Miata is due to it being a "sporty"  
>car, and it costing more than the Civic. Mazda was very careful  
>about the design, working hard to keep the Miata out of the  
>full-fledged sportscar lists. The car I traded in for my Miata was a  
>Chevrolet Cavalier Z-24, and my insurance went down slightly, due to  
>the drop in straight line performance (the measure insurance  
>companies seem to use for determining rate classes).
 

  Well, that's about what I was told by my agent BEFORE I bought my  
car.  The rate hike was based solely on the increased value of the  
Miata over the Civic; for liability rates, they supposedly consider  
my driving record independently from the kind of car I drive.

  AFTER I bought the car, I was told that they weren't sure if they  
could cover a Miata at all!  Nice information to have after the fact,  
eh?  To make a long story short, I'm covered at least for the rest of  
the current and the following policy periods, i.e. through next  
January; my record should be clear by then in case I have to switch  
companies-- if my Classic Red doesn't attract any cops.

Regards,

Mr. Speed Limit  (Steve)
Cape Canaveral, FL