Cheapest 1996 Mazda MX-5 Miata Insurance Rates in 2024

Are you sick and tired of trying to scrape together enough money to insure your Mazda every month? You’re in the same situation as most other car owners. There is such a variety of insurance companies to buy insurance from, and though it is a good thing to have multiple companies, having more auto insurance companies makes it harder to get the best deal.

How to Get Auto Insurance Comparison Quotes

Shopping for lower auto insurance rates can take hours if you don’t know the best way to get rate quotes. You can waste a few hours (or days) talking about coverages with agents in your area, or you could use the web to get the quickest rates.

Most of the larger companies are enrolled in a marketplace where prospective buyers submit one quote, and each participating company then returns a price quote. This saves time by eliminating form submissions for each company you want a rate for.

To fill out one form to compare multiple rates now click here (opens in new window).

The one disadvantage to using this type of form is you don’t know exactly which carriers you will receive quotes from. If you would rather choose specific insurance companies to compare, we have assembled a list of companies who write auto insurance in your area. View list of insurance companies.

It’s up to you which method you use, but compare identical information for every company. If you compare different liability limits it will be next to impossible to decipher which rate is best.

Do you qualify for discounts?

Companies offering auto insurance don’t always advertise all available discounts in a way that’s easy to find, so here is a list some of the best known and the more hidden discounts you could be receiving. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.

• Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
• Government Employees – Employees or retirees of the government can save as much as 8% for MX-5 Miata insurance depending on your company.
• Multi-car Discount – Buying coverage for more than one vehicle on one policy qualifies for this discount.
• E-sign – Some insurance companies will discount your bill up to fifty bucks simply for signing on their website.
• Sign Early and Save – Some companies give discounts for switching to them prior to your current policy expiration. It can save you around 10%.
• Use Seat Belts – Drivers who require all occupants to buckle their seat belts could cut 10% or more off the personal injury premium cost.
• Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
• Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper since new cars are generally safer.
• Drivers Education – Require your teen driver to take driver’s ed class in school.
• Low Mileage Discounts – Driving fewer miles can earn lower rates on the low mileage vehicles.

It’s important to understand that many deductions do not apply to your bottom line cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates you could get a free insurance policy, it just doesn’t work that way.

For a list of providers with discount insurance rates, click here to view.

Don’t assume everyone needs the same coverage

When it comes to buying the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether or not you may require specific advice.

• What is covered by UM/UIM coverage?
• Why is insurance for a teen driver so high?
• Do I get a pro-rated refund if I cancel my policy early?
• Is my Mazda MX-5 Miata covered if I use it for business?
• Will my insurance pay for OEM parts?
• Can I make deliveries for my home business?
• Does my insurance cover a custom paint job?

If you can’t answer these questions, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, free and can provide invaluable advice.

Mazda MX-5 Miata rates are complex

An important part of buying insurance is that you know the rating factors that go into determining car insurance rates. Knowing what influences your rates helps enable you to make changes that will entitle you to lower car insurance prices.

• Lower rates with optional equipment – Driving a car that has an advanced theft prevention system can save you a little every year. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder car theft.
• Marriage brings a discount – Having a wife or husband can actually save you money on your car insurance policy. It usually means you are more mature and responsible and it’s proven that drivers who are married are more cautious.
• Claim-free discounts can add up – If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Insurance companies award cheaper rates to insureds who are claim-free. Car insurance is intended for the large, substantial claims.
• The more you drive the more you pay – The higher the mileage driven each year the higher your rates will be. Most companies rate vehicles based on how the vehicle is used. Cars and trucks that are left in the garage can get a lower rate than those used for commuting. Having the wrong rating on your MX-5 Miata can cost quite a bit. Verify your car insurance declarations sheet properly reflects the correct usage for each vehicle, because it can save money.
• Credit scores impact car insurance rates – A driver’s credit history is a large factor in determining what you pay for car insurance. If your credit is not that good, you could potentially save money when insuring your 1996 Mazda MX-5 Miata by spending a little time repairing your credit. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with lower credit scores.

Car insurance coverage breakdown

Having a good grasp of your policy can help you determine the best coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types offered by car insurance companies.

Coverage for collisions

Collision coverage will pay to fix damage to your MX-5 Miata resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like damaging your car on a curb, crashing into a building and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to bring the cost down.

Liability

Liability insurance provides protection from damages or injuries you inflict on other’s property or people in an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability insurance covers things such as funeral expenses, attorney fees and medical services. 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.

Comprehensive car insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as rock chips in glass, theft, hail damage and falling objects. The highest amount your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Mazda MX-5 Miata.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Coverage for medical expenses

Med pay and PIP coverage reimburse you for expenses like X-ray expenses, ambulance fees, rehabilitation expenses, doctor visits and dental work. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Best coverage at the best price

As you go through the steps to switch your coverage, don’t be tempted to reduce coverage to reduce premium. There are a lot of situations where someone sacrificed liability limits or collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to find the BEST coverage at an affordable rate while still protecting your assets.

We covered many ways to save on 1996 Mazda MX-5 Miata insurance. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your rates. Drivers may discover the lowest premiums are with a lesser-known regional company. Some small companies often have lower prices on specific markets than the large multi-state companies such as Allstate, GEICO and Progressive.

Additional detailed information is available in these articles:

• How to Avoid Common Accidents (State Farm)
• Auto Insurance Basics (Insurance Information Institute)
• Distracted Driving (Insurance Information Institute)
• Eight Auto Insurance Myths (Insurance Information Institute)
• Airbag FAQ (iihs.org)
• State Car Insurance Guides (GEICO)

Use our FREE quote tool to compare rates now!