How Much Does 1995 Mazda MX-5 Miata Car Insurance Cost?

Having to pay for overpriced Mazda MX-5 Miata insurance can overdraw your personal savings and put the squeeze on your family’s finances. Doing a price comparison is a smart way to cut your insurance bill. Companies like Allstate and Progressive all claim big savings with TV and radio ads and it can be hard to ignore the flashy ads and find the best price available.

Car Insurance Prices

Most companies such as State Farm and Allstate provide pricing on their websites. Getting online quotes is fairly simple as you simply type in the amount of coverage you want into the quote form. After the form is submitted, their system pulls credit information and your driving record and quotes a price based on these and other factors. Being able to quote online simplifies rate comparisons, but having to visit different websites and fill out multiple forms is not the best way to spend an afternoon. But it is imperative to compare as many rates as possible in order to find better prices.

The easiest way to find lower prices is to use a quote form that gets price quotes from a lot of companies. It’s a real time-saver, requires much less work on your part, and makes price shopping online much easier. As soon as you send your information, it gets priced and you are able to buy any of the quotes returned. If a lower price is quoted, you can simply submit the application and purchase the new policy. The entire process can be completed in less than 10 minutes and you will know how your current rates stack up.

To quickly use this form to compare rates, click here to open in new window and input your coverage information. If you have a policy now, it’s recommended that you enter the coverages just like they are on your policy. This way, you are getting a price comparison using the exact same coverages.

Your Mazda MX-5 Miata insurance rate is a complex equation

Consumers need to have an understanding of the different types of things that come into play when calculating car insurance rates. Understanding what controls the rates you pay enables informed choices that can help you get big savings.

The list below includes some of the factors car insurance companies consider when setting your rates.

  • Credit scores impact car insurance rates – Having a bad credit history is a big factor in calculating your car insurance rates. If your credit score is not that good, you could save money insuring your 1995 Mazda MX-5 Miata by improving your credit score. Consumers who have good credit tend to be less risk to insure than those with lower credit scores.
  • Consolidate policies to earn discounts – Some insurance companies will award you with lower prices to people who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to compare rates to verify if the discount is saving money. Drivers may still find a better deal by buying insurance from more than one company.
  • Equipment add-ons that lower car insurance rates – Purchasing a vehicle with a theft deterrent system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.
  • More miles equals more premium – Driving more miles in a year the more you will pay for car insurance. Most insurance companies charge to insure your cars determined by how the vehicle is used. Cars and trucks used primarily for pleasure use qualify for better rates compared to those used for work or business. If your policy improperly rates your MX-5 Miata can result in significantly higher rates. Double check that your car insurance coverage shows the proper vehicle usage.
  • Your occupation can affect rates – Careers like judges, business owners and stock brokers are shown to have the highest rates attributed to high stress and long work days. On the other hand, professions such as scientists, students and the unemployed pay the least on MX-5 Miata insurance.
  • Are you male or female? – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men cause accidents at a similar rate, but the men cause more damage. Men also statistically get more serious tickets like reckless driving and DUI. Youthful male drivers tend to get in the most accidents and therefore have the most expensive car insurance rates.
  • Pay less if you’re married – Having a wife or husband helps lower the price when buying car insurance. It is viewed as being more mature than a single person and it’s proven that drivers who are married are more cautious.

Best discounts on 1995 Mazda MX-5 Miata coverage

Car insurance companies don’t necessarily list every available discount very clearly, so we break down some of the more common and the more hidden ways to save on insurance. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you can actually save on your bill.
  • Accident Forgiveness – A handful of insurance companies will allow you to have one accident before raising your premiums if you are claim-free for a set time period.
  • Sign Early and Save – Select companies give a discount for signing up before your current policy expires. It can save you around 10%.
  • E-sign – Certain companies may give you up to $50 just for signing your application online.
  • Use Seat Belts – Requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
  • Safe Driver Discount – Safe drivers may save up to 50% more on MX-5 Miata insurance than drivers with accidents.

Drivers should understand that some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, it just doesn’t work that way.

For a list of insurers offering insurance discounts, click here to view.

Tailor your coverage to you

When it comes to choosing the best auto insurance coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions could help you determine if you will benefit from professional help.

  • What is the minimum liability in my state?
  • Should I buy full coverage?
  • When should my teen driver be added to my policy?
  • What is medical payments coverage?
  • Is extra glass coverage worth it?
  • Is pleasure use cheaper than using my 1995 Mazda MX-5 Miata to commute?
  • What happens if I owe more than my 1995 Mazda MX-5 Miata is worth?
  • When should I buy a commercial auto policy?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Insurance coverages explained

Knowing the specifics of insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages found on the average insurance policy.

Liability

This will cover damages or injuries you inflict on people or other property. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against things such as legal defense fees, medical services, structural damage and loss of income. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured and underinsured coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Mazda MX-5 Miata.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for medical payments

Med pay and PIP coverage pay for bills such as funeral costs, hospital visits and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverages

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as vandalism, hail damage and damage from flooding. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage protection

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like backing into a parked car, hitting a parking meter, damaging your car on a curb, sideswiping another vehicle and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Better coverage you can count on

We just covered a lot of techniques to lower your 1995 Mazda MX-5 Miata insurance rates. The key concept to understand is the more times you quote, the better your comparison will be. You may be surprised to find that the lowest priced insurance comes from some of the lesser-known companies. Some small companies can often insure niche markets at a lower cost than their larger competitors like Progressive or Geico.

When you buy insurance online, make sure you don’t skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. Your goal should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

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