How Much Does 1996 Mazda MX-5 Miata Car Insurance Cost?

Want better insurance coverage rates for your Mazda MX-5 Miata? Shopping for lower-cost insurance coverage might seem problematic for people that are not comfortable with quoting and shopping for insurance online. With so many options of companies competing online, how are we expected to have a chance to compare every company in order to find the best available rates?

Compare free car insurance price quotes

When looking for inexpensive insurance coverage quotes, there are a couple ways of comparing rates from many available car insurance companies in your state. The best way to find the lowest Mazda MX-5 Miata rates is to get quotes online. This is quite simple and can be completed using a couple different methods.

1. The most efficient way consumers can make multiple comparisons is a comparison rater form like this one (opens in new window). This quick form keeps you from doing separate quote forms for each price estimate. One form submission will return price quotes instantly. It’s the fastest way to compare.
2. A slightly less efficient method to get quotes online requires visiting the website for every company you want to comare and fill out their own quote form. For examples sake, we’ll assume you are doing a rate comparison from Liberty Mutual, Esurance and Geico. You would be required to visit each site and punch in your information repeatedly, which is why the first method is quicker.

   To view a list of companies in your area, click here.

3. Even if you have time, the least recommended way to quote and compare insurance rates is making phone calls or going to insurance agencies in your area. Shopping for car insurance online has made agencies unnecessary unless you have a complicated situation and need the professional abilities of a licensed agent. Some companies do allow you to get prices online but buy the policy through an agent.

You can use whichever method you prefer to find lower rates, just do your best to use the same coverages and limits on every price quote you get. If you compare different data it will be nearly impossible to decipher which rate is best. Having just a slight variation in coverage limits could skew the results. Just keep in mind that comparing a wide range of rates will improve the odds of getting the best price. Some regional insurers cannot provide online rate quotes, so you also need to get quotes from the smaller companies as well.

Auto insurance discounts are available to lower your rates

Companies do not list every discount they offer in an easy-to-find place, so the list below gives a summary of some of the more common in addition to some of the lesser obvious credits available to bring down your rates. If you check and find you aren’t receiving every discount possible, you are paying more than you should be.

• Claim-Free Discount – Drivers who stay claim-free pay less as opposed to policyholders that have many claims.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to fasten their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
• ABS Brakes – Cars, trucks, and SUVs with anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.
• Passive Restraint Discount – Factory options such as air bags may qualify for discounts as much as 30%.
• Responsible Driver Discount – Drivers who don’t get into accidents could pay up to 40% less for MX-5 Miata coverage compared to accident prone drivers.
• One Accident Forgiven – Not really a discount, but some insurance companies will forgive one accident without getting socked with a rate hike as long as you don’t have any claims for a particular time prior to the accident.
• Distant Student – who are enrolled in a college that is more than 100 miles from home and do not take a car to college can be insured at a reduced rate.
• More Vehicles More Savings – Drivers who insure multiple cars or trucks on one policy may reduce the rate for each vehicle.

Discounts lower rates, but most discount credits are not given to your bottom line cost. Most only apply to the cost of specific coverages such as medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

The best auto insurance companies and some of the discounts can be read below.

• State Farm discounts include accident-free, good driver, multiple policy, Drive Safe & Save, multiple autos, and anti-theft.
• Geico may include discounts for air bags, emergency military deployment, membership and employees, driver training, anti-theft, and seat belt use.
• Liberty Mutual offers premium reductions for multi-policy, multi-car, new move discount, newly retired, new graduate, newly married, and hybrid vehicle.
• The Hartford may offer discounts for bundle, air bag, good student, anti-theft, and defensive driver.
• MetLife includes discounts for good driver, good student, claim-free, accident-free, defensive driver, and multi-policy.
• Progressive has savings for online quote discount, good student, homeowner, continuous coverage, and multi-policy.

Check with all the companies which discounts they offer. Some credits may not apply to policyholders in every state. To see auto insurance companies that offer many of these discounts, click here.

How do insurers determine Mazda MX-5 Miata insurance costs?

A large part of saving on auto insurance is knowing the factors that help calculate your auto insurance rates. If you have a feel for what controls the rates you pay, this allows you to make good choices that can earn you lower auto insurance prices.

• File a claims and pay more – If you’re an insured who likes to file claims you can expect higher rates. Auto insurance companies give the best rates to people who file claims infrequently. Your insurance policy is designed for more catestrophic claims.
• Little extras can really add up – There are a ton of extra bells and whistles that you can get tricked into buying on your auto insurance policy. Add-on coverages like coverage for rental cars, towing, and additional equipment coverage could be just wasting money. They may seem good when discussing your needs, but if you don’t need them think about removing them and cutting costs.
• Buy as much liability protection as you can afford – The liability section of your policy will afford coverage in the event that you are determined to be liable for causing personal injury or damage in an accident. Your liability coverage provides you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.
• Auto insurance rates and your job – Did you know your career choice can influence rates? Careers like military generals, social workers and dentists generally pay higher premiums than the average policyholder in part from intense work situations and long work hours. On the flip side, jobs like actors, athletes and retirees receive lower rates for MX-5 Miata coverage.
• Gals pay lower prices – Over time, data shows that men are more aggressive behind the wheel. The data does not necessarily mean that females are better at driving than males. They both get in accidents in similar numbers, but the men tend to have more serious accidents. In addition to higher claims, males also receive more costly citations such as reckless driving. Young males are most likely to cause an accident and therefore are the most expensive to insure.

Everyone needs different auto insurance coverages

When buying proper insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help you determine if your insurance needs might need an agent’s assistance.

• Does my 1996 Mazda MX-5 Miata need full coverage?
• Is my 1996 Mazda MX-5 Miata covered for flood damage?
• Does my insurance cover a custom paint job?
• Do I need rental car coverage?
• Does medical payments coverage apply to all occupants?
• Am I covered by my spouse’s policy after a separation?
• How much underlying liability do I need for an umbrella policy?
• How much liability insurance is required?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. To find an agent in your area, complete this form.

Auto insurance policy coverages for a Mazda MX-5 Miata

Having a good grasp of your auto insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Liability coverage – Liability coverage will cover injuries or damage you cause to people or other property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims like medical expenses, structural damage and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.

Insurance for medical payments – Coverage for medical payments and/or PIP kick in for bills for things like chiropractic care, rehabilitation expenses and ambulance fees. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision) – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from a tornado or hurricane, hail damage, hitting a bird and falling objects. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Collision – Collision insurance covers damage to your MX-5 Miata resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as driving through your garage door, colliding with a tree, damaging your car on a curb, crashing into a ditch and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Find Good Coverage for Less

Some companies may not offer rate quotes online and usually these smaller companies only sell through independent insurance agencies. Cheaper 1996 Mazda MX-5 Miata insurance can be purchased from both online companies and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture.

You just learned some good ideas how to compare 1996 Mazda MX-5 Miata insurance car insurance rates online. The most important thing to understand is the more providers you compare, the higher your chance of finding cheaper insurance coverage. Drivers may discover the lowest priced insurance coverage comes from the least-expected company.

As you shop your coverage around, it’s very important that you do not reduce coverage to reduce premium. In too many instances, an insured cut comprehensive coverage or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The goal is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.

Additional articles

• Understanding Limits and Deductibles (Allstate)
• State Laws for Cellphones and Texting (iihs.org)
• What Does No-Fault Insurance Cover? (Allstate)
• Tools for Teen Driving Safety (State Farm)