Vehicles > Mazda > MX-5 Miata

Mazda MX-5 Miata Insurance Cost

Buying auto insurance through online companies saves time, is easy to do, plus you will probably save money. The key to finding lower rates is to compare rates from all companies in order to accurately compare the lowest rate quotes.

Shopping online for auto insurance can be difficult if you are a beginner to online rate quotes. But don't be discouraged because there is an easy way to compare rates. Lowering your MX-5 Miata insurance rates is not a difficult process. You just need to take a few minutes comparing rates online from several insurance companies. This can be accomplished by getting a quick quote here.

Rates are impacted by these things

Insurance rates on a Mazda MX-5 Miata will vary greatly and are calculated by many factors. Including but not limited to:

  • Tickets increase premiums
  • Your credit history
  • Male drivers pay higher rates
  • The deductible you choose
  • Crash test rating for your MX-5 Miata
  • No claims lowers premiums
  • No coverage lapses saves money
  • Home ownership saves money

One last important factor that helps determine the rate you pay on your Mazda is the year of manufacture. Models that are new cost more so the costs to repair will push premiums up. Conversely, new Mazda models may have options such as a telematics system, a collision avoidance system, tire pressure monitors, and traction control so those may help offset higher rates.

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

Coverage for liability

This provides protection from damage or injury you incur to people or other property in an accident. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. It is cheap coverage so purchase as much as you can afford.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company. Collision coverage for your MX-5 Miata can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

This coverage covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like EMT expenses, pain medications, and nursing services. They can be used in conjunction with a health insurance plan or if you do not have health coverage. PIP coverage is not universally available and may carry a deductible.

How Much are Mazda MX-5 Miata Insurance Rates?