How Much Does 2004 Mazda MX-5 Miata Car Insurance Cost?

Buyers have options when searching for the lowest priced Mazda MX-5 Miata insurance. They can either spend hours driving around to get rate comparisons or leverage the internet to get rate quotes.

There is a better way to find insurance online so we’re going to tell you the absolute fastest way to compare rates for a Mazda and get the lowest price from local insurance agents and online providers.

If you have a current insurance coverage policy or need new coverage, you can use these techniques to cut your premiums while maintaining coverages. The purpose of this article is to introduce you to how to effectively get price quotes and some tips to save money. Consumers just need to know the most effective way to shop their coverage around online.

The most recommended method to get policy rate comparisons is to realize car insurance companies will pay a fee to give rate comparisons. The only thing you need to do is provide a small amount of information like distance driven, any included safety features, if you require a SR-22, and whether the vehicles are used for commuting. Your details is then submitted to multiple different insurance companies and you will get price comparisons within a short period of time.

To start a rate quote now, click here and see if a lower rate is available.

You probably qualify for some discounts

The cost of insuring your cars can be expensive, but there could be available discounts that you may not know about. Certain discounts will be applied at the time you complete a quote, but less common discounts must be asked for in order for you to get them. If you don’t get every credit possible, you’re just leaving money on the table.

  • One Accident Forgiven – Certain companies will allow you to have one accident without raising rates so long as you haven’t had any claims for a certain period of time.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Mazda can earn a substantially lower rate.
  • Homeowners Pay Less – Owning a house can help you save on insurance coverage due to the fact that maintaining a home demonstrates responsibility.
  • No Accidents – Claim-free drivers can save substantially when compared with accident-prone drivers.
  • Anti-lock Brake System – Cars that have steering control and anti-lock brakes can avoid accidents and earn discounts up to 10%.
  • Senior Discount – Older drivers can possibly qualify for better insurance coverage rates for MX-5 Miata insurance.
  • Paperless Signup – A few companies will give a small break for buying a policy and signing up online.

Keep in mind that most discount credits are not given to all coverage premiums. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think it’s possible to get free car insurance, companies don’t profit that way. But all discounts will cut your premiums.

For a list of insurance companies who offer insurance coverage discounts, click here.

There’s no such thing as the perfect policy

When it comes to buying the right insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can aid in determining whether your personal situation will benefit from professional help.

  • What should my uninsured motorist coverage limits be in my state?
  • Does car insurance cover theft of personal property?
  • Am I covered if my car is in a flood?
  • How much liability insurance is required?
  • Where can I get insurance after a DUI in my state?
  • Does coverage extend to a rental car in a foreign country?
  • Why does it cost so much to insure a teen driver?
  • How do I buy GAP insurance?
  • How high should deductibles be on a 2004 Mazda MX-5 Miata?
  • What can I do if my company denied a claim?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Mazda MX-5 Miata insurance rates can be determined by these details

Smart consumers have a good feel for the different types of things that play a part in calculating the rates you pay for insurance. Having a good understanding of what controls the rates you pay helps enable you to make changes that could result in lower insurance prices.

Shown below are a few of the “ingredients” that factor into premiums.

  • Where do you drive? – The more you drive each year the higher your rates will be. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Cars and trucks that are left in the garage can get a lower rate as compared to vehicles used primarily for driving to work. An improperly rated MX-5 Miata may be wasting your money. Verify your insurance policy shows the correct driver usage, because it can save money.
  • Men pay higher rates – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that women are BETTER drivers than men. Both sexes tend to get into accidents in similar percentages, but the males cause more damage. They also get cited for more serious violations such as DWI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore have the most expensive insurance rates.
  • Never go without insurance – Driving with no insurance is illegal and your next policy will cost more because you let your insurance lapse. And not only will your rates increase, but not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license.
  • What are your deductibles? – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your Mazda from damage. A few examples of covered claims would be a windshield shattered by a rock, damage from fire, and rolling your vehicle. Physical damage deductibles are the amount of money you are required to spend out-of-pocket before your insurance pays a claim. The more you have to pay, the less your insurance will be for MX-5 Miata insurance.
  • Liability coverage is cheap – Your policy’s liability coverage is the coverage that protects you if you are found to be at fault for damages from an accident. It provides legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
  • Where you live – Choosing to live in small towns and rural areas is a positive aspect when buying insurance. Less people living in that area translates into fewer accidents as well as less vandalism and auto theft. Drivers in populated areas tend to have more traffic problems and longer commute times. Longer commute distances can result in more accidents.
  • Safer occupants lowers premiums – Safer cars get lower rates. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates. If the Mazda MX-5 Miata earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.

Auto insurance coverage considerations

Having a good grasp of auto insurance helps when choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Mazda MX-5 Miata.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Liability coverage

Liability coverage will cover damage that occurs to a person or their property that is your fault. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like repair bills for other people’s vehicles, bail bonds, loss of income, legal defense fees and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for bills like surgery, EMT expenses, X-ray expenses, dental work and chiropractic care. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage

This covers damage to your MX-5 Miata resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like scraping a guard rail, crashing into a ditch, backing into a parked car and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive auto insurance

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from getting keyed, a tree branch falling on your vehicle, damage from flooding and damage from a tornado or hurricane. The most your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Final considerations

In this article, we presented many tips how you can lower your 2004 Mazda MX-5 Miata insurance rates. The most important thing to understand is the more companies you get rates for, the better your comparison will be. Consumers may even find the lowest priced car insurance comes from some of the lesser-known companies.

Lower-priced insurance can be found online and also from your neighborhood agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers may not provide online price quotes and these small, regional companies work with independent agents.

Drivers who switch companies do it for a variety of reasons including not issuing a premium refund, an unsatisfactory settlement offer, poor customer service or even denial of a claim. No matter why you want to switch, switching car insurance companies can be less work than you think.

More detailed car insurance information can be read at these sites: