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: Sep 20, 2017

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Want better insurance coverage rates for your Mazda MX-5 Miata? Shopping for cheaper insurance coverage can be challenging for beginners to buying insurance on the web. With literally dozens of insurers to choose from, how are consumers expected to be able to compare every insurance coverage company to find better insurance coverage prices?

Find Mazda MX-5 Miata insurance cheaper

Multiple criteria are part of the equation when premium rates are determined. Most are fairly basic such as traffic violations, but some are not as apparent such as whether you are married or how safe your car is.

  • Get hitched and pay lower premiums – Being married can actually save you money on your policy. It demonstrates that you tend to be less irresponsible and it’s proven that married drivers tend to have fewer serious accidents.
  • If you don’t need it don’t buy it – There are many extra bells and whistles that you can get tricked into buying but may not be useful. Coverages like roadside assistance, towing, and extra life insurance coverage are probably not needed. These coverages may sound good when buying your policy, but now you might not need them so remove them from your policy.
  • Save money with responsible credit – Having a good credit rating can be a huge factor in determining what you pay. Therefore, if your credit history could use some work, you could pay less to insure your 2005 Mazda MX-5 Miata if you clean up your credit. Consumers who have very high credit ratings tend to file fewer claims and have better driving records as compared to drivers with worse credit.
  • Vehicles with better crash test results lower rates – Safe vehicles tend to have lower insurance rates. Vehicles engineered for safety reduce occupant injuries and lower injury rates means lower claim amounts which can result in lower premiums.
  • Rural vs Urban Areas – Choosing to live in a small town has definite advantages when buying auto insurance. Lower population translates into fewer accidents and lower theft and vandalism rates. Residents of big cities regularly have more auto accidents and more severe claims. Longer commute distances statistically corresponds to a higher accident and claim rate.
  • Compare rates if you bundle your policies – Most companies provide better rates to clients who carry more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even with this discount applied, it’s always a smart idea to compare rates to help ensure you have the lowest rates.There is a good possibility that you can save money even if you insure with multiple companies
  • Your stress level may be raising your premiums – Jobs like lawyers, social workers and dentists are shown to have higher premium rates attributed to stressful work requirements and extremely grueling work hours. Conversely, careers like scientists, historians and retirees pay lower than average rates on MX-5 Miata coverage.

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Insurance discounts help lower rates

Insurance can cost an arm and a leg, but there’s a good chance there are discounts that can drop the cost substantially. A few discounts will automatically apply at the time you complete a quote, but a few must be asked for in order for you to get them.

  • Active Military Service – Being deployed in the military could qualify you for better rates.
  • Accident Forgiveness Coverage – Not a discount per se, but some companies like State Farm and Progressive will forgive one accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
  • Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you a small discount if you purchase auto and life insurance together.
  • Home Ownership Discount – Owning a house can save you money since home ownership requires personal responsibility.
  • Multi-policy Discount – If you have multiple policies and insure them both with the same insurance company you could earn a discount of 10% to 20% off each policy.
  • Passive Restraints and Air Bags – Factory options such as air bags and/or automatic seat belt systems may get savings of up to 25% or more.

As is typical with insurance, some of the credits will not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. Even though it appears adding up those discounts means a free policy, nobody gets a free ride.

A list of companies and a selection of discounts are included below.

  • GEICO policyholders can earn discounts including good student, multi-vehicle, multi-policy, five-year accident-free, seat belt use, and air bags.
  • USAA includes discounts for annual mileage, vehicle storage, new vehicle, multi-policy, multi-vehicle, and good student.
  • Progressive has savings for online signing, homeowner, online quote discount, multi-policy, multi-vehicle, good student, and continuous coverage.
  • American Family discounts include accident-free, early bird, mySafetyValet, good student, and TimeAway discount.
  • Esurance may have discounts that include paid-in-full, anti-theft, renters, safety device, online shopper, multi-policy, and homeowner.
  • Farmers Insurance offers premium reductions for multi-car, youthful driver, early shopping, pay in full, and electronic funds transfer.
  • State Farm has discounts for anti-theft, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, multiple policy, and passive restraint.

Before you buy a policy, ask each insurance company to give you their best rates. All car insurance discounts might not be offered on policies in your area. If you would like to see a list of insurance companies that offer discounts, click this link.

Which is the best auto insurance?

When buying adequate coverage for your vehicles, there is no perfect coverage plan. Every insured’s situation is different.

These are some specific questions may help you determine whether you may require specific advice.

  • What can I do if my company won’t pay a claim?
  • What discounts do I qualify for?
  • Do I have coverage for damage caused while driving under the influence?
  • When should I buy a commercial auto policy?
  • Am I covered when pulling a rental trailer?
  • Should I put collision coverage on all my vehicles?
  • Can I get a multi-policy discount?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form.

Auto insurance coverage information

Having a good grasp of your policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like prosthetic devices, X-ray expenses, nursing services and doctor visits. They are often utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Mazda MX-5 Miata.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these limits are set the same as your liablity limits.

Collision coverage

This will pay to fix damage to your MX-5 Miata caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as hitting a parking meter, colliding with a tree, driving through your garage door, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

Liability coverages

Liability coverage protects you from injuries or damage you cause to other’s property or people in an accident. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like funeral expenses, emergency aid, repair bills for other people’s vehicles and loss of income. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Comprehensive coverage

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a broken windshield, hitting a deer, vandalism, damage from a tornado or hurricane and damage from getting keyed. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

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Keep this in mind

Consumers change insurance companies for many reasons like policy cancellation, policy non-renewal, questionable increases in premium and delays in responding to claim requests. It doesn’t matter what your reason, choosing a new company is not as hard as you think.

We’ve covered some good ideas how you can get a better price on 2005 Mazda MX-5 Miata insurance. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding the cheapest car insurance. Drivers may discover the most savings is with the smaller companies.

As you restructure your insurance plan, make sure you don’t reduce coverage to reduce premium. There are a lot of situations where an insured dropped comprehensive coverage or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your goal is to get the best coverage possible at the best price but still have enough coverage for asset protection.

Much more information about insurance coverage can be read at the links below