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Mazda MX-5 Miata Insurance Cost

Finding cheaper auto insurance by quoting online can be fast and easy and at the same time you might just save a little. The most important part is to compare as many rate quotes as possible in order to have the lowest rate quotes.

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of auto insurance companies vying for your business. Lowering your MX-5 Miata insurance rates is a fairly straight forward process. You just need to take a few minutes to get quotes provided by online insurance companies. It is quite easy and can be accomplished by comparing rates here.

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Which factors influence the rate you pay?

Auto insurance rates for a Mazda MX-5 Miata will vary greatly depending on several factors. Taken into consideration are:

  • A clean driving record keeps rates low
  • Your credit history
  • Male drivers pay higher rates
  • Deductible amount directly impacts your rate
  • Your vehicle's safety rating
  • Claims drive up premiums
  • Having current coverage saves
  • Whether you rent or own your home

A final factor which can affect MX-5 Miata insurance cost is the model year. Newer models have a higher actual cash value in comparison to later models so the cost to replace them will push premiums up. On the flip side, new Mazda models may have a trim level with safety features like lane departure warning system, anti-lock brakes, and adaptive headlights so those may lower rates.

For you to have a better understanding of how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Liability coverages

This coverage provides protection from damages or injuries you inflict on other people or property that is your fault. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so consider buying as much as you can afford.

Collision insurance

This pays to fix your vehicle from damage caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in. MX-5 Miata collision insurance is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper MX-5 Miata insurance cost.

Comprehensive coverages

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by your Mazda MX-5 Miata comprehensive insurance. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle's occupants when other motorists either have no liability insurance or not enough. Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay.

How Much are Mazda MX-5 Miata Insurance Rates?