Mazda MX-5 Miata Insurance Rates

Finding cheaper auto insurance by comparing rates online is easy, in addition you might just save a little. The key is to get rates from all companies in order to have every option.

Consumers who are new to the process of comparing rates may think finding low-cost MX-5 Miata insurance is going to be difficult. Finding a lower price on MX-5 Miata insurance can be quick and easy. You just have to take a little time to get quotes from different insurance companies. It is quite easy and can be accomplished by comparing rates here.

Criteria which help determine Mazda insurance rates

Auto insurance rates on a Mazda MX-5 Miata can fluctuate considerably based upon several criteria. A few of these criteria are:

Your driving record
Credit rating impacts rates
The size of your community
The number of annual miles
Men typically pay more than women
Deductible amount directly impacts your rate
NTSB crash rating for your vehicle
Claims drive up premiums
No coverage lapses saves money
Owning a home can lower rates

A final factor which can affect MX-5 Miata insurance rates is the model year. Newer models have a higher actual cash value in comparison to later models so repair costs are higher which may result in higher rates. Conversely, more recent Mazda vehicles may have a trim level with safety features such as dual-stage airbags, a rollover prevention system, and lane departure warning system which may lower rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from the following list.

Auto liability insurance

Liability insurance will cover injuries or damage you cause to people or other property that is your fault. Liability can pay for claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so consider buying as high a limit as you can afford.

Collision coverage

This will pay to fix damage to your Mazda resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder. Collision coverage for your MX-5 Miata can be pricey, so consider dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive insurance

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by your Mazda MX-5 Miata comprehensive insurance. The most a auto insurance company will pay at claim time is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills (i.e. ambulance fees, surgery, and doctor visits). They are often used in conjunction with a health insurance program or if you do not have health coverage. PIP is only offered in select states and gives slightly broader coverage than med pay.

How Much are Mazda MX-5 Miata Insurance Rates?