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...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 5, 2015

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Searching for lower insurance rates for your Mazda MX-5 Miata? Pretty sure you bought an expensive insurance policy? It’s quite common and you’re not alone. Insurance companies such as Allstate, Liberty Mutual and State Farm all promote huge savings with advertising and consumers find it hard to see past the corporate glitz and effectively compare rates to find the best deal.

It’s a good habit to compare prices occasionally because prices tend to go up over time. Even if you got the best deal for MX-5 Miata coverage two years ago a different company probably has better rate quotes today. Forget all the misinformation about insurance because you’re about to learn the best methods to save money, get proper deductibles and limits, all at the lowest rate.

If you have a current insurance coverage policy or are looking for a new policy, you can use these tips to find better prices while maintaining coverages. Choosing the best insurance company for you is not rocket science. Vehicle owners just need to understand the most efficient way to buy insurance coverage online.

Where can I get affordable car insurance?

Reducing your 2002 Mazda MX-5 Miata insurance rates is an easy way to save money. Drivers just need to take a couple of minutes to get quotes to see which company has affordable car insurance quotes. This can be done by using one of the methods below.

  1. If you don’t have a lot of time, the easiest way to find the lowest comparison rates is to use a rate comparison form click here to open form in new window. This type of form eliminates the need for separate quote forms for every prospective company. A single form gets rate comparisons instantly.
  2. A more time consuming way to analyze rates requires you to visit each company website and complete a new quote form. For instance, we’ll assume you want to get rates from USAA, 21st Century and Liberty Mutual. You would need to spend time going to each site individually and repeatedly type in your coverage information, which can get rather old. To view a list of companies in your area, click here.
  3. The most difficult way to get comparison rates is actually driving to local insurance agencies. The ability to quote online reduces the need to sit down with an agent unless you want the personal advice that only an agent can give. It is possible with some companies price shop online and get advice from an agent in your area.

It’s up to you how you get prices quotes, just be sure you’re using nearly identical coverage data on every quote. If you enter higher or lower deductibles you will not be able to decipher which rate is best.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Get cheaper auto insurance with these tips

Lots of things are part of the calculation when premium rates are determined. Some are obvious such as your driving history, but some are not as apparent like your continuous coverage or how safe your car is.

The itemized list below are some of the factors utilized by car insurance companies to help set your premiums.

  • Liability coverage claims can be big – Your auto insurance policy’s liability coverage is the coverage that protects you in the event that you are found liable for causing personal injury or damage in an accident. Liability insurance provides legal defense coverage to attempt to prove you were not liable. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should carry high limits.
  • Driver age impacts costs – More mature drivers are viewed as being more responsible, tend to file fewer claims .Inexperience drivers are known to be less responsible when at the wheel of a vehicle so they pay higher auto insurance rates.
  • When should you file a insurance claims? – Companies provide lower rates to people who do not rely on their insurance for small claims. If you’re an insured who likes to file claims you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance is meant to be used in the event of more catestrophic claims.
  • Raising physical damage deductibles saves money – Insurance for physical damage, also known as collision and other-than-collision, covers your vehicle from damage. A few examples of covered claims are collision with another vehicle, collision with an animal, and damage from a fallen tree branch. Deductibles for physical damage represent how much money the insured will be required to pay if the claim is covered. The larger the amount you’re willing to pay, the less money you will pay for auto insurance for MX-5 Miata coverage.
  • Auto insurance policy lapses increase auto insurance rates – Driving without insurance coverage in place can get your license suspended and auto insurance companies will penalize you for letting your coverage have a gap. And not only will your rates increase, not being able to provide proof of insurance could earn you a revoked license or a big fine.
  • Deter theft and pay less – Choosing a vehicle that has an advanced theft prevention system can help lower your premiums. Systems that thwart theives like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft and help bring rates down.

Lower your auto insurance rates with discounts

Companies offering auto insurance don’t always advertise all available discounts very well, so the following is a list of some of the best known as well as some of the hidden credits that may apply to you.

  • Auto/Home Discount – When you have multiple policies and insure them with the same company you could get a discount of up to 20% and get you inexpensive car insurance.
  • Early Signing – A few companies allow discounts for signing up early. The savings is around 10%.
  • Senior Discount – Drivers over the age of 55 may be able to get lower premium rates for MX-5 Miata coverage.
  • Drivers Ed for Students – Have your child enroll and complete driver’s education in school.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.

One last thing about discounts, many deductions do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like comp or med pay. Despite the appearance that it’s possible to get free car insurance, companies wouldn’t make money that way. But any discount will help reduce the amount you pay for coverage.

Insurance companies that have these money-saving discounts include:

When quoting, ask all the companies how many discounts you can get. All car insurance discounts might not apply in your state. To view insurance companies that have a full spectrum of discounts, click here.

You are unique and your insurance coverage should be too

When buying the best insurance coverage coverage, there is no “perfect” insurance plan. Everyone’s situation is unique and your policy should reflect that. For instance, these questions can help discover if your situation would benefit from professional advice.

  • Do I need an umbrella policy?
  • What is the rate difference between pleasure use and commuting?
  • Does car insurance cover theft of personal property?
  • Does insurance cover damages from a DUI accident?
  • Is other people’s property covered if stolen from my vehicle?
  • If my 2002 Mazda MX-5 Miata is totaled, can I afford another vehicle?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Insurance policy coverages for a Mazda MX-5 Miata

Learning about specific coverages of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement. These are typical coverage types available from insurance companies.

Collision protection

This will pay to fix damage to your MX-5 Miata from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like damaging your car on a curb, sustaining damage from a pot hole and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.

Liability auto insurance

This coverage provides protection from damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims such as funeral expenses, pain and suffering, court costs, loss of income and structural damage. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

Comprehensive coverage (or Other than Collision)

This pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like damage from a tornado or hurricane, a broken windshield, vandalism and theft. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like funeral costs, pain medications, doctor visits and nursing services. They are used to fill the gap from your health insurance plan or if you do not have health coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Take this to the bank

Discount 2002 Mazda MX-5 Miata insurance is attainable from both online companies as well as from independent agents, so you need to shop car insurance with both to have the best chance of lowering rates. Some insurance companies may not have price quotes online and most of the time these small insurance companies only sell through local independent agencies.

We just showed you many ways to reduce 2002 Mazda MX-5 Miata insurance auto insurance rates online. The most important thing to understand is the more you quote car insurance, the better chance you’ll have of finding inexpensive car insurance. Consumers could even find that the best auto insurance rates are with some of the smallest insurance companies. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm and Allstate.

Additional information can be found below: