How Much Does 2002 Mazda MX-5 Miata Insurance Cost?

Looking for better auto insurance rates for your Mazda MX-5 Miata? Being forced to pay for pricey auto insurance premiums can diminish your savings account and force you to tighten up your finances. Doing a rate comparison is recommended to ensure you are getting the best deal.

Due to the increasing number of choices, it’s difficult to locate the right auto insurance company.

Low cost insurance prices

Cutting your insurance rates isn’t really that difficult. The only requirement is to take time comparing price quotes to discover which company has affordable auto insurance quotes. It is quite easy and can be accomplished by using one of the methods below.

1. Probably the best way to find low rates would be an industry-wide quote request form (click to open form in new window). This form saves time by eliminating separate quote forms for every insurance company. One form gets coverage cost estimates from insurance companies with the best prices.
2. A less efficient way to compare prices requires a trip to each individual company website and complete a new quote form. For instance, we’ll pretend you want to get rates from Farmers, 21st Century and Progressive. You would have to take the time to go to each site and punch in your information repeatedly, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.

Whichever way you choose to compare rates, do your best to use equivalent quote data for every quote you compare. If your comparisons have different data then you won’t be able to get a fair rate comparison.

Don’t miss with these discounts

Insurance can be prohibitively expensive, but there may be some discounts that many consumers don’t even know exist. A few discounts will automatically apply when you complete an application, but occassionally some discounts must be asked for before being credited.

• Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive so you can save 10 percent or more.
• Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% for MX-5 Miata coverage than less cautious drivers.
• Discount for Life Insurance – Companies who offer life insurance give better prices if you take out some life insurance in addition to your auto policy.
• Air Bags and Passive Restraints – Factory air bags or automatic seat belts can receive discounts of 20 to 30 percent.
• Paper-free Discount – A handful of car insurance companies will give a small break get auto insurance on the internet.
• Theft Deterent – Cars equipped with anti-theft or alarm systems help deter theft and will qualify for a discount on a auto insurance quote.

While discounts sound great, it’s important to understand that most credits do not apply to the entire cost. Most only cut the price of certain insurance coverages like comp or med pay. Even though the math looks like you can get free auto insurance, it’s just not the way it works.

To find car insurance companies with the best discounts, click here to view.

Your situation helps dictate your coverage

When it comes to choosing adequate coverage for your personal vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions might help in determining whether you will benefit from professional help.

• Will my vehicle be repaired with OEM or aftermarket parts?
• Is my dog or cat covered if injured in an accident?
• Do I need PIP (personal injury protection) coverage in my state?
• Is extra glass coverage worth it?
• What happens if I owe more than my 2002 Mazda MX-5 Miata is worth?
• When should I not file a claim?
• Do I need medical payments coverage since I have good health insurance?
• Is borrowed equipment or tools covered if stolen or damaged?
• Can I get a multi-policy discount?
• Is business property covered if stolen from my car?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, free and you can get the answers you need.

Auto insurance coverage information

Understanding the coverages of a car insurance policy aids in choosing the best coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average car insurance policy.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hitting a bird, fire damage, a broken windshield and hail damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto collision coverage

Collision insurance pays for damage to your MX-5 Miata caused by collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like hitting a mailbox, colliding with a tree, crashing into a ditch and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Mazda MX-5 Miata.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently the UM/UIM limits are set the same as your liablity limits.

Liability insurance

Liability coverage protects you from injuries or damage you cause to other people or property by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things such as medical expenses, pain and suffering and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for short-term medical expenses for X-ray expenses, funeral costs, EMT expenses, surgery and nursing services. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage