2021 Mazda MX-5 Miata Car Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 9, 2024

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Looking for better car insurance rates for your Mazda MX-5 Miata? Purchasing affordable car insurance may be intimidating for vehicle owners that are not comfortable with quoting and comparing prices over the internet. With a ridiculous number of online companies available, how are vehicle owners expected to effectively compare each option to find the best pricing?

Informed decisions result in lower insurance costs

When buying auto insurance it’s important to understand the different types of things that help determine the level of your policy premiums. If you have some idea of what influences your rates, this enables informed choices that could result in big savings. Multiple criteria are taken into consideration when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but other criteria are less obvious like your continuous coverage or how financially stable you are.

The list below includes a few of the “ingredients” that factor into your premiums.

  • Never let your auto insurance expire – Not maintaining insurance is illegal and you will pay a penalty because you let your insurance coverage expire. Not only will you pay more, being ticketed for driving with no insurance could earn you a steep fine or even jail time. You may have to file a SR-22 with your state DMV.
  • Married drivers get better premiums – Your spouse can actually save you money when shopping for auto insurance. Having a significant other means you’re more stable financially and insurance companies reward insureds because drivers who are married file infrequent claims.
  • How do annual miles impact costs? – The higher the miles on your Mazda every year the higher your rate. A lot of companies charge to insure your cars based upon how much you drive. Autos used primarily for pleasure use can be on a lower rate level compared to those used for work or business. It’s a good idea to make sure your auto insurance policy correctly shows the correct usage for each vehicle. A policy that improperly rates your MX-5 Miata is just wasting money.
  • Your occupation is a factor – Careers such as judges, airline pilots and emergency personnel generally have higher premium rates in part from job stress and incredibly demanding work hours. Other careers such as actors, engineers and retirees have lower than average premiums for MX-5 Miata insurance.
  • Compare rates if you bundle your policies – Most auto insurance companies provide a discount to clients who carry more than one policy such as combining an auto and homeowners policy. Even if you qualify for this discount already, it’s still a good idea to compare rates to confirm you are receiving the best rates possible. You may still be able to save money by splitting coverages up.
  • Liability coverage limits on your policy – A critical coverage on your policy, liability insurance will afford coverage when you are responsible for physical damage or personal injury to other. It will provide for a legal defense to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so buy as much as you can afford.
  • High credit scores equal low premiums – Having a good credit score can be an important factor in determining premium rates. Insureds with excellent credit tend to be less risk to insure than drivers who have poor credit. Therefore, if your credit score leaves room for improvement, you could potentially save money when insuring your 2021 Mazda MX-5 Miata by improving your rating.
  • Accidents will cost you – Your driving record influences premium rates substantially. Good drivers pay lower auto insurance prices than bad drivers. Getting just one driving citation may cause rates to rise by twenty percent. Drivers who have received license-revoking violations such as DUI, reckless driving or excessive speeding may find they need to maintain a SR-22 with the DMV in their state in order to keep their license.

The most recommended method to compare rate quotes is to understand most larger insurance companies participate in a system to compare rate quotes. The only thing you need to do is provide a little information such as if you have an active license, deductibles desired, the type of vehicles you drive, and whether you drive to work or school. The rating information is automatically sent to insurance carriers in your area and you will get price comparisons quickly.

Get lower rates by receiving discounts

Insuring your fleet can be pricey, but you might be missing out on some discounts that can drop the cost substantially. Some discounts apply automatically when you purchase, but less common discounts must be asked for prior to receiving the credit.

  • Federal Government Employee – Active or retired federal employment can save as much as 8% for MX-5 Miata insurance but check with your company.
  • First Accident Forgiveness – but some insurance companies will turn a blind eye to one accident before raising your premiums so long as you haven’t had any claims before the accident.
  • Multi-line Discount – Larger insurance carriers have a lower price if you buy a life insurance policy as well.
  • Save over 55 – Drivers over the age of 55 can get a small discount on rates for MX-5 Miata insurance.
  • Telematics Data Discounts – People who choose to allow driving data submission to track their driving habits by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts as long as they are good drivers.
  • Low Miles Discount – Low annual miles can earn substantially lower rates.
  • Anti-lock Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control are much safer to drive and qualify for as much as a 10% discount.

You should keep in mind that most credits do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like you could get a free car insurance policy, company stockholders wouldn’t be very happy.

Auto insurance companies that may offer quotes with most of the discounts above include:

  • GEICO
  • MetLife
  • State Farm
  • Progressive
  • Mercury Insurance
  • 21st Century
  • Allstate

If you need lower rates, check with each insurance company which discounts you qualify for. Savings might not be available to policyholders in every state.

Your insurance coverage coverage should be tailored to you

When buying coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions could help you determine if your insurance needs would benefit from an agent’s advice.

  • Do I have any recourse if my insurance company denies a claim?
  • Is extra glass coverage worth it?
  • Are rock chip repairs covered?
  • How high should my medical payments coverage be?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Where can I get insurance after a DUI in my state?
  • Should I have a commercial auto policy?
  • What should my uninsured motorist coverage limits be in my state?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, complete your zip code.

Insurance coverage basics

Understanding the coverages of your insurance policy can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for expenses like rehabilitation expenses, doctor visits, prosthetic devices and nursing services. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, hitting a bird and damage from a tornado or hurricane. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability coverages

Liability coverage provides protection from injuries or damage you cause to other people or property in an accident. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.

Liability coverage protects against things like bail bonds, structural damage and legal defense fees. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your 2021 Mazda MX-5 Miata.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Collision protection

This coverage covers damage to your MX-5 Miata resulting from a collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, sustaining damage from a pot hole, backing into a parked car and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Summing up your car insurance search

Consumers leave their current company for many reasons like delays in paying claims, not issuing a premium refund, policy non-renewal or even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a great new company is easier than you think.

The cheapest 2021 Mazda MX-5 Miata insurance can be bought on the web and from local insurance agents, and you need to comparison shop both to have the best selection. There are still a few companies who may not have online rate quotes and most of the time these small, regional companies only sell coverage through independent agents.

When shopping online for car insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced physical damage coverage only to find out that it was a big error on their part. The goal is to buy enough coverage at the lowest possible cost and still be able to protect your assets.

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