Save on 2011 Mazda MX-5 Miata Car Insurance Rates 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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Searching for better auto insurance rates for your Mazda MX-5 Miata? Having to pay for overpriced Mazda MX-5 Miata insurance can empty your savings, especially in this economy. Comparing price quotes is recommended to ensure you are getting the best deal.

Companies like State Farm, Allstate, GEICO and Progressive constantly bombard you with fancy advertisements and it is difficult to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

The method we recommend to compare rates is to realize auto insurance companies provide online access to give free rates quotes. To get started, all you need to do is provide details including whether the vehicles are used for commuting, level of coverage desired, your occupation, and if a SR-22 is required. That rating data is then sent to all major companies and they return rate quotes immediately.

Get affordable rates with discounts

The price of auto insurance can be rather high, but there’s a good chance there are discounts to cut the cost considerably. Most are applied at the time of purchase, but some may not be applied and must be inquired about before you will receive the discount.

  • Driver Education Discount – Cut your cost by having your teen driver enroll and complete driver’s education in school.
  • Passive Restraints and Air Bags – Factory options such as air bags or automatic seat belts may qualify for discounts as much as 30%.
  • Switch and Save Discount – Select larger companies give a discount for buying a policy prior to the expiration date on your current policy. This discount can save up to 10%.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and qualify for as much as a 10% discount.
  • Defensive Driving Course – Passing a course teaching driver safety skills could earn you a small percentage discount and easily pay for the cost of the class.
  • Data Collection Discounts – Policyholders that allow their company to study driving manner by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if they exhibit good driving behavior.

As a sidenote, many deductions do not apply to all coverage premiums. A few only apply to individual premiums such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, nobody gets a free ride.

Companies and a partial list of their discounts can be read below.

  • GEICO offers premium reductions for multi-vehicle, military active duty, multi-policy, five-year accident-free, federal employee, anti-lock brakes, and membership and employees.
  • Travelers offers discounts for payment discounts, save driver, new car, early quote, home ownership, and multi-car.
  • Farm Bureau may have discounts that include driver training, multi-vehicle, youthful driver, safe driver, and multi-policy.
  • Liberty Mutual policyholders can earn discounts including hybrid vehicle, new vehicle discount, multi-car, newly married, new graduate, preferred payment discount, and safety features.
  • American Family may offer discounts for mySafetyValet, TimeAway discount, good driver, defensive driver, good student, accident-free, and early bird.
  • Progressive includes discounts for online signing, continuous coverage, online quote discount, homeowner, and multi-vehicle.

When getting free insurance coverage quotes, it’s a good idea to every company which discounts you may be entitled to. Some credits may not be offered in your state. To locate companies who offer discounts, enter your zip code here.

What is the best car insurance coverage?

When buying adequate coverage, there really is no “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. For instance, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.

  • Are my friends covered when driving my car?
  • What is the difference between comprehensive and collision coverage?
  • Exactly who is provided coverage by my policy?
  • Am I covered if hit by an uninsured driver?
  • What is the rate difference between pleasure use and commuting?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Are my friends covered when driving my 2011 Mazda MX-5 Miata?
  • Will my insurance pay for OEM parts?
  • Is my teen driver covered when they drive my company car?
  • What is high-risk coverage and where do I buy it?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, fill out your zip code. It’s fast, free and you can get the answers you need.

How you can control Mazda MX-5 Miata insurance prices

Many different elements are used when pricing auto insurance. Most are fairly basic such as your driving record, but some are less apparent such as your marital status or your vehicle rating. Consumers need to have an understanding of a few of the rating criteria that go into determining the price you pay for auto insurance. If you know what determines base rates, this allows you to make good choices that can help you get much lower annual insurance costs.

The items below are most of the major factors used by your company to calculate your premiums.

  • Discounts for multiple policies – Many insurance companies provide better rates to policyholders who buy several policies from them in the form of a multi-policy discount. Even if you qualify for this discount already, it’s in your best interest to comparison shop to help ensure you have the lowest rates.
  • Having a spouse is a bonus – Having a wife or husband may earn you lower rates on your policy. Marriage means you’re more mature and it’s statistically proven that drivers who are married file infrequent claims.
  • Extra coverages that aren’t used – There are a lot of additional coverages that you can buy if you don’t pay attention. Insurance for personal injury protection, better glass coverage, and membership fees may be wasting your money. These coverages may sound good when discussing your needs, but if you don’t need them get rid of them and save.
  • Premiums are affected by your credit history – Your credit rating can be a huge factor in determining what you pay. Therefore, if your credit history is not that good, you could save money insuring your 2011 Mazda MX-5 Miata if you improve your credit rating. Consumers who have very high credit ratings tend to be better risks to insure than drivers who have bad credit.
  • GPS tracking and theft deterrents reduce auto insurance rates – Buying a car with an alarm system can get you a discount on your auto insurance. Systems that thwart theives such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent car theft.
  • Safeguard your assets with liability protection – The liability coverage on your policy kicks in if ever you are responsible for damages caused by your negligence. It provides you with a defense in court starting from day one. This coverage is relatively inexpensive compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
  • Where you call home factors in – Living in small towns and rural areas can be a good thing when buying auto insurance. Fewer drivers and short commutes means reduced accidents as well as less vandalism and auto theft. Residents of big cities tend to have more aggressive driving styles and more time behind the wheel. Longer commute distances means higher likelihood of an accident.
  • Age of drivers – Older, more experienced drivers are shown to be more cautious, statistically cause fewer accidents and receive fewer citations. Youthful drivers have been known to be inattentive and easily distracted behind the wheel so auto insurance rates are higher.

But they said I’d save $411 a year!

Consumers can’t get away from ads that claim the lowest car insurance rates by companies like State Farm and Allstate. All the companies seem to make the promise about how much you will save just by switching your policy.

How is it plausible that every one can give you a lower rate?

All the different companies quote the lowest rates for the driver that earns them the most money. One example of a driver they prefer should be over the age of 50, insures multiple vehicles, and drives a lower-performance vehicle. A driver that fits those parameters will most likely get cheap prices and have a good chance to save a lot if they switch.

Potential customers who fall short of the requirements may be forced to pay higher rates which translates to the customer not purchasing. The ads say “drivers who switch” not “everybody who quotes” save that much when switching. This is how insurance companies can confidently make claims like that. Because of these techniques, drivers must do a quote comparison often. Because without a comparison, you cannot know the company that will have the best prices for your profile.

What insurance coverages do you need?

Knowing the specifics of a insurance policy can help you determine which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.

Liability coverage

This will cover damages or injuries you inflict on a person or their property in an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

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

Liability insurance covers things like funeral expenses, court costs, bail bonds, emergency aid and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from flooding, damage from a tornado or hurricane, hitting a bird and a broken windshield. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for collisions

This coverage covers damage to your MX-5 Miata from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with a tree, damaging your car on a curb, scraping a guard rail, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Medical costs insurance

Med pay and PIP coverage reimburse you for bills for nursing services, ambulance fees, EMT expenses and doctor visits. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Mazda MX-5 Miata.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Quote more. Save more.

There are still a few companies who do not offer online rate quotes regional insurance providers only sell coverage through independent agents. The cheapest 2011 Mazda MX-5 Miata insurance is definitely available from both online companies and from local insurance agents, and you need to price shop both to have the best rate selection.

You just learned quite a bit of information on how to get a better price on 2011 Mazda MX-5 Miata insurance. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the best price on insurance is with the least-expected company. Some small companies often have lower rates on specific markets than their larger competitors like Progressive or GEICO.

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