1996 Mazda MX-5 Miata Car Insurance Cost

Looking for better auto insurance rates for your Mazda MX-5 Miata? High-priced auto insurance can dry up your checking account and force you to tighten up your finances. Getting a rate comparison is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.

There are many insurance companies to insure vehicles with, and although it’s a good thing to have a choice, having more car insurance companies makes it harder to compare company pricing.

Ways to get insurance rate quotes

There are a variety of methods to shop for insurance, and some are more efficient than others. You can spend countless hours talking to insurance agencies in your area, or you could use the web to get the quickest rates.

Most major companies belong to a marketplace that enables customers to only type in their quote data once, and each company then returns a price quote based on that data. This system prevents you from having to do quote requests to each company.

To find out what other companies charge click here to open in new window.

The only downside to doing it this way is you are unable to specify which insurance companies you will receive quotes from. So if you prefer to pick specific providers to compare rates, we have a page of low cost insurance companies in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just make darn sure you compare the exact same coverage limits and deductibles with each company. If you have different limits and deductibles on each one it will be impossible to determine which rate is truly the best. Having just a slight variation in insurance coverages or limits can result in a big premium difference. And when price shopping your coverage, comparing more rates from different companies gives you a better chance of getting more affordable rates.

Find hidden discounts on insurance

Companies that sell car insurance do not advertise every policy discount in a way that’s easy to find, so the next list breaks down a few of the more well known as well as the least known insurance savings.

Safety Course Discount – Taking part in a safe driver course could possibly earn you a 5% discount depending on where you live.
Drivers Ed for Students – Have your child participate in a local driver’s education class in school or through a local driver safety program.
Safe Driver Discount – Drivers who don’t get into accidents can save as much as half off their rates for MX-5 Miata insurance than drivers with accident claims.
Own a Home and Save – Just being a homeowner can save a few bucks because of the fact that having a home shows financial diligence.
Employee of Federal Government – Active or retired federal employment could cut as much as 10% off for MX-5 Miata insurance with select insurance companies.
Anti-lock Brake System – Cars equipped with ABS or steering control can stop better under adverse conditions and the ABS can save up to 10%.

Policy discounts save money, but some of the credits will not apply to all coverage premiums. Most only apply to specific coverage prices like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky.

Larger insurance companies and a summarized list of policyholder discounts are shown below.

Geico has savings for defensive driver, driver training, federal employee, anti-lock brakes, military active duty, membership and employees, and air bags.
Travelers policyholders can earn discounts including multi-policy, IntelliDrive, multi-car, continuous insurance, student away at school, driver training, and new car.
Farm Bureau may include discounts for multi-policy, driver training, good student, renewal discount, and safe driver.
Liberty Mutual discounts include teen driver discount, safety features, hybrid vehicle, good student, newly retired, and multi-policy.
American Family includes discounts for bundled insurance, Steer into Savings, multi-vehicle, TimeAway discount, and air bags.
Progressive has discounts for homeowner, multi-policy, good student, continuous coverage, and multi-vehicle.

If you need inexpensive insurance coverage quotes, ask all companies you are considering which discounts you qualify for. Discounts may not apply to policyholders in your state. To find insurers who offer insurance discounts, click here.

Tailor your insurance coverage coverage to you

When choosing the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s needs are different so your insurance should reflect that These are some specific questions may help highlight whether your personal situation may require specific advice.

Is my nanny covered when driving my vehicle?
Am I missing any policy discounts?
Should I buy additional glass protection?
Why am I required to get a high-risk car insurance policy?
How high should my uninsured/underinsured coverage be in my state?
How much can I save by bundling my policies?
Is there coverage for injuries to my pets?
Is my business laptop covered if it gets stolen from my vehicle?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Auto insurance coverages

Understanding the coverages of car insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages offered by car insurance companies.

Liability

This provides protection from damages or injuries you inflict on other’s property or people that is your fault. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as attorney fees, court costs, emergency aid, structural damage and pain and suffering. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Mazda MX-5 Miata.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Auto collision coverage

This pays for damage to your MX-5 Miata from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things such as backing into a parked car, hitting a mailbox and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for bills like ambulance fees, rehabilitation expenses, nursing services, funeral costs and chiropractic care. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Comprehensive insurance

This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, a tree branch falling on your vehicle and falling objects. The highest amount your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.