Best Mazda MX-5 Miata Car Insurance in 2024 (Check Out These 10 Companies)
State Farm, USAA, and Geico are the top picks for the best Mazda MX-5 Miata car insurance, with rates starting at $32 a month. These companies are renowned for providing superior coverage and exceptional value, making them ideal choices for Mazda MX-5 Miata owners seeking dependable insurance options.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
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UPDATED: Aug 8, 2024
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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Full Coverage for Mazda MX-5 Miata
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Full Coverage for Mazda MX-5 Miata
A.M. Best Rating
Complaint Level
Pros & Cons
6,435 reviews
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Full Coverage for Mazda MX-5 Miata
A.M. Best Rating
Complaint Level
Pros & Cons
19,116 reviews
The best Mazda MX-5 Miata car insurance providers are State Farm, USAA, and Geico, known for their comprehensive coverage options and reliable service.
These companies stand out for their ability to cater to the unique needs of Mazda MX-5 Miata owners, offering tailored policies that enhance the driving experience. To learn more, explore our comprehensive resource on “Compare the Cheapest Car Insurance Companies.”
Our Top 10 Company Picks: Best Mazda MX-5 Miata Car Insurance
Company Rank Multi-Policy Discount A.M. Best Best For Jump to Pros/Cons
#1 17% B Customer Service State Farm
#2 10% A++ Military Savings USAA
#3 25% A++ Affordable Rates Geico
#4 10% A+ Flexible Policies Progressive
#5 10% A+ New Drivers Allstate
#6 20% A+ Coverage Options Nationwide
#7 25% A+ Filing Claims Erie
#8 20% A Family Plans American Family
#9 15% A Customizable Policies Farmers
#10 12% A Comprehensive Coverage Liberty Mutual
Exploring these top insurers reveals a variety of benefits, from significant discounts for safety features to responsive customer support. Securing a policy with one of these leaders ensures that your Mazda MX-5 Miata is protected by the best in the business.
If you need insurance for a Mazda MX-5 Miata right now, we can help. Enter your ZIP code for free Mazda MX-5 Miata car insurance quotes from top companies.
- State Farm leads as the top choice for Mazda MX-5 Miata insurance
- Tailored policies cater specifically to the Mazda MX-5 Miata’s features
- Coverage options focus on the sports car’s unique safety needs
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#1 – State Farm: Top Overall Pick
Pros
- Bundling Benefits: State Farm offers a 17% discount for bundling Mazda MX-5 Miata policies with other insurance types. Check out insurance savings in our guide titled, “State Farm Car Insurance Review.”
- Coverage Variety: Provides a wide range of options specifically tailored to the Mazda MX-5 Miata, ensuring comprehensive protection.
- Customer Service Excellence: Known for outstanding customer support, which is crucial for Mazda MX-5 Miata owners requiring personalized service.
Cons
- Comparatively Lower Discounts: Multi-policy discounts are not as competitive as other insurers for Mazda MX-5 Miata owners.
- Higher Premium Levels: Despite discounts, premiums for the Mazda MX-5 Miata can be higher than average at State Farm.
#2 – USAA: Best for Military Savings
Pros
- Military Discounts: USAA offers special rates and discounts for military members owning a Mazda MX-5 Miata. Read up on the USAA car insurance review for more information.
- Exceptional Ratings: With an A++ from A.M. Best, USAA promises top-tier financial stability for Mazda MX-5 Miata insurance.
- Tailored Military Benefits: Specific benefits for Mazda MX-5 Miata owners in the military, including flexible payment options during deployment.
Cons
- Limited Eligibility: USAA services are exclusively available to military members and their families, not all Mazda MX-5 Miata owners.
- Lower Multi-Policy Discount: Offers a 10% discount for bundling, which is lower compared to other top insurers for Mazda MX-5 Miata.
#3 – Geico: Best for Affordable Rates
Pros
- Competitive Pricing: Geico offers the most affordable rates for Mazda MX-5 Miata insurance with a 25% multi-policy discount.
- High Financial Rating: With an A++ rating, Geico ensures reliability and financial health for covering Mazda MX-5 Miata claims.
- Cost-Effective Policies: Geico’s policies are tailored to provide cost-effective coverage for Mazda MX-5 Miata owners. More information is available about this provider in our guide, “Geico Car Insurance Review.”
Cons
- Basic Coverage Options: While affordable, Geico’s coverage for Mazda MX-5 Miata might lack some of the broader options offered by competitors.
- Customer Service Variability: Some Mazda MX-5 Miata owners might experience varying levels of service quality across different regions.
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#4 – Progressive: Best for Flexibility
Pros
- Flexible Policy Options: Progressive offers a variety of customizable insurance options for Mazda MX-5 Miata owners. See more details in our guide titled, “Progressive Car Insurance Review.”
- Loyalty Rewards: Progressive provides benefits like decreasing deductibles for Mazda MX-5 Miata owners who remain claim-free.
- Strong Financial Stability: With an A+ rating from A.M. Best, Progressive is a reliable choice for insuring a Mazda MX-5 Miata.
Cons
- Average Discounts: At only 10% for bundling, Progressive’s discounts for Mazda MX-5 Miata insurance are not as high as some other insurers.
- Variable Premiums: Mazda MX-5 Miata owners may find that premiums can vary significantly based on factors like driving history and location.
#5 – Allstate: Best for New Drivers
Pros
- New Driver Support: Allstate offers targeted resources and discounts for Mazda MX-5 Miata owners who are new drivers.
- Educational Tools: Provides extensive tools and information to help new Mazda MX-5 Miata owners understand insurance.
- Solid Financial Rating: Allstate’s A+ rating ensures dependable coverage for Mazda MX-5 Miata insurance needs. Access comprehensive insights into our guide titled, “Allstate Car Insurance Review.”
Cons
- Higher Rates for New Drivers: While supportive, Allstate’s rates can be higher for new Mazda MX-5 Miata drivers compared to other demographics.
- Standard Discount Rates: The 10% multi-policy discount for Mazda MX-5 Miata insurance might not be as attractive as higher discounts from other providers.
#6 – Nationwide: Best for Coverage Variety
Pros
- Broad Coverage Options: Nationwide offers a 20% discount and a wide array of coverages suited for the various needs of Mazda MX-5 Miata owners.
- Accident Forgiveness: Nationwide provides accident forgiveness policies, which can be beneficial for Mazda MX-5 Miata insurance.
- High Customer Satisfaction: Known for high customer satisfaction, it is a solid choice for insuring your Mazda MX-5 Miata. Discover more about offerings in our complete Nationwide car insurance discounts.
Cons
- Costlier Premiums: Despite discounts, Nationwide’s premiums for Mazda MX-5 Miata insurance can be on the higher side.
- Policy Variability: Coverage details and availability may vary significantly by state for Mazda MX-5 Miata owners.
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#7 – Erie: Best for Filing Claims
Pros
- Streamlined Claims Process: Erie simplifies the claims process, which is beneficial for Mazda MX-5 Miata owners during stressful times. Delve into our evaluation of “Erie Car Insurance Review.”
- Competitive Multi-Policy Discount: Offers a 25% discount for bundling, making it a financially attractive option for Mazda MX-5 Miata insurance.
- Personalized Service: Known for personalized customer service, which is crucial for Mazda MX-5 Miata owners looking for tailored insurance solutions.
Cons
- Limited Geographic Reach: Erie’s availability is restricted to certain regions, which may not cover all Mazda MX-5 Miata owners.
- Premium Cost Variance: Premiums can vary, sometimes offering less competitive rates for Mazda MX-5 Miata compared to other insurers.
#8 – American Family: Best for Family Plans
Pros
- Family-Focused Discounts: American Family offers significant discounts for families insuring multiple vehicles, including the Mazda MX-5 Miata.
- Extensive Coverage Options: Tailored policies that cover a wide range of scenarios ideal for Mazda MX-5 Miata families. Discover insights in our guide titled, “American Family Car Insurance Review.”
- Strong Financial Standing: With an A rating from A.M. Best, American Family ensures reliable support for Mazda MX-5 Miata insurance claims.
Cons
- Higher Premiums for High-Risk Profiles: Families with young drivers or high-risk profiles may face higher Mazda MX-5 Miata insurance rates.
- Availability Issues: While robust, American Family’s services and coverage options for the Mazda MX-5 Miata are not available in all states.
#9 – Farmers: Best for Customizable Policies
Pros
- Highly Customizable Coverage: Farmers allows Mazda MX-5 Miata owners to tailor their insurance policies extensively to meet specific needs.
- Dedicated Agents: Provides personalized service through dedicated agents to help Mazda MX-5 Miata owners make informed insurance decisions.
- 15% Multi-Policy Discount: Offers a competitive discount for bundling policies, which is beneficial for Mazda MX-5 Miata insurance. Learn more by reading our guide titled, “Farmers Car Insurance Review.”
Cons
- Pricing Variability: Farmers’ premiums can vary widely, potentially making Mazda MX-5 Miata insurance costly for some customers.
- Complex Policy Structures: Some Mazda MX-5 Miata owners might find Farmers’ insurance policies complex and challenging to understand.
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#10 – Liberty Mutual: Best for Comprehensive Coverage
Pros
- Wide-Ranging Coverage: Liberty Mutual offers comprehensive coverage options that are particularly beneficial for Mazda MX-5 Miata insurance.
- 12% Multi-Policy Discount: Provides a reasonable discount for bundling Mazda MX-5 Miata insurance with other policies. Read our Liberty Mutual car insurance review for more details.
- Global Presence: As a global insurer, Liberty Mutual offers services that can cater to Mazda MX-5 Miata owners in many parts of the world.
Cons
- Higher-End Premiums: While offering comprehensive coverage, Liberty Mutual’s rates can be higher than some competitors for Mazda MX-5 Miata insurance.
- Customer Service Inconsistencies: Some Mazda MX-5 Miata owners may experience variability in customer service quality depending on the region.
Mazda MX-5 Miata Insurance Costs by Coverage Level
When choosing car insurance for your Mazda MX-5 Miata, it’s crucial to compare how much you’ll pay for minimum versus full coverage across different providers. This comparison not only helps in budgeting but also in determining the level of protection that suits your needs.
Mazda MX-5 Miata Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $50 $101
American Family $47 $89
Erie $42 $120
Farmers $51 $92
Geico $38 $127
Liberty Mutual $56 $118
Nationwide $45 $96
Progressive $32 $85
State Farm $48 $112
USAA $40 $90
The table above provides a detailed look at the monthly rates for both minimum and full coverage car insurance offered by various insurance companies for the Mazda MX-5 Miata. For instance, Progressive offers the lowest rate for minimum coverage at $32, making it an attractive option for those seeking basic protection.
On the other hand, Geico, despite being more expensive for full coverage at $127, might be considered by those looking for comprehensive protection due to its broader coverage benefits. Notably, prices can vary significantly, with Erie charging $42 for minimum coverage but jumping to $120 for full, indicating a substantial increase when opting for more comprehensive insurance.
This table serves as an essential tool for Mazda MX-5 Miata owners to evaluate and choose the right insurance plan based on their coverage needs and financial considerations.
Are Vehicles Like the Mazda MX-5 Miata Expensive to Insure
Understanding the insurance costs associated with convertible sports cars like the Mazda MX-5 Miata can help prospective buyers budget accordingly. This analysis compares the MX-5 Miata’s insurance rates with those of other popular convertibles such as the Nissan Murano CrossCabrio, Cadillac Eldorado, and Lexus SC 430.
The data reveals that insurance rates for convertibles vary significantly, with the Mazda MX-5 Miata positioned within a competitive range.
Knowing these costs is crucial for making an informed decision on whether the joy of driving a convertible like the MX-5 Miata aligns with financial expectations. More information is available in our guide titled, “How do you get competitive quotes for car insurance?“
Reviewing the insurance costs for vehicles similar to the Mazda MX-5 Miata provides valuable insight into what drivers might expect to pay for coverage. It illustrates the spectrum of insurance expenses associated with owning various types of convertibles, helping potential buyers make more informed decisions.
Insurance Rates for Vehicles Similar to the Mazda MX-5 Miata
When exploring insurance costs, it’s beneficial to compare the Mazda MX-5 Miata with similar vehicles to understand how rates are structured across different models. The following data provides a snapshot of comprehensive, collision, and liability insurance rates for a range of comparable cars.
Mazda MX-5 Miata Car Insurance Monthly Rates vs. Similar Vehicles by Coverage Type
| Vehicle | Comprehensive | Collision | Minimum Coverage | Full Coverage |
|---|---|---|---|---|
| Mazda MX-5 Miata | $32 | $62 | $32 | $139 |
| Mercedes-Benz SL 450 | $40 | $77 | $33 | $163 |
| Buick Cascada | $28 | $55 | $33 | $129 |
| BMW Z4 | $28 | $51 | $30 | $120 |
| Mercedes-Benz SLC 300 | $36 | $67 | $33 | $149 |
| Volkswagen Eos | $25 | $44 | $36 | $118 |
| MINI Convertible | $25 | $45 | $22 | $100 |
| BMW M6 | $43 | $94 | $38 | $190 |
This comparison highlights the variability in insurance costs among vehicles similar to the Mazda MX-5 Miata, reflecting differences in vehicle value, repair costs, and risk factors. Understanding these differences can help owners make informed decisions when selecting an insurance plan that best fits their vehicle and budgetary needs.
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What Impacts the Cost of Mazda MX-5 Miata Insurance
The Mazda MX-5 Miata trim and model you choose can impact the total price you will pay for Mazda MX-5 Miata insurance coverage.
You can also expect your Mazda MX-5 Miata rates to be affected by where you live, your driving history, and in most states your age and gender. Delve into our evaluation of “What affects a car insurance quote?”
Ways to Save on Mazda MX-5 Miata Insurance
Finding affordable insurance for your Mazda MX-5 Miata doesn’t have to be a challenge. By adopting strategic approaches, you can effectively manage costs while maintaining solid coverage.
- Don’t always pick the cheapest Mazda MX-5 Miata insurance policy.
- Ask for a higher deductible for your Mazda MX-5 Miata insurance policy.
- Buy your Mazda MX-5 Miata with cash, or get a shorter-term loan.
- Choose automatic payments or EFT for your Mazda MX-5 Miata insurance policy.
- Reduce modifications on your Mazda MX-5 Miata.
Implementing these strategies can lead to significant savings on your Mazda MX-5 Miata insurance. Carefully consider each option to determine the best balance between cost and coverage for your specific needs. Access comprehensive insights into our guide titled, “What makes car insurance more expensive?“
Top Mazda MX-5 Miata Insurance Companies
Choosing the right auto insurance for your Mazda MX-5 Miata involves considering various factors, including cost, coverage, and company reputation. This overview highlights the top insurance providers for the Mazda MX-5 Miata, ranked by market share and noted for their competitive rates and discounts for vehicle-specific safety features.
Selecting the best car insurance companies for your Mazda MX-5 Miata can significantly impact your coverage quality and cost-effectiveness.
As the largest auto insurer, State Farm sets the industry standard for reliability and customer satisfaction.
Michelle Robbins Licensed Insurance Agent
As you review the market share data for these leading insurers, consider how their offerings align with your insurance needs and the specific benefits they provide for Mazda MX-5 Miata owners.
Largest Auto Insurers by Market Share
Understanding the landscape of the auto insurance market can be crucial for consumers looking to choose a provider. The list below ranks the largest auto insurers in the U.S. by market share, offering insight into their dominance and reach in the industry.
Top Mazda MX-5 Miata Car Insurance Providers by Market Share
| Rank | Insurance Company | Premiums Written | Market Share |
|---|---|---|---|
| #1 | State Farm | $66,153,063 | 9% |
| #2 | Geico | $46,358,896 | 6% |
| #3 | Progressive | $41,737,283 | 6% |
| #4 | Allstate | $39,210,020 | 5% |
| #5 | Liberty Mutual | $36,172,570 | 5% |
| #6 | Travelers | $28,786,741 | 4% |
| #7 | USAA | $24,621,246 | 3% |
| #8 | Chubb | $24,199,582 | 3% |
| #9 | Farmers | $20,083,339 | 3% |
| #10 | Nationwide | $18,499,967 | 3% |
This ranking highlights the top players in the auto insurance sector, showcasing their influence based on market share. For individuals seeking insurance, these statistics provide a foundation for comparing the scale and potential reliability of each insurer. Protect your vehicle from whatever the road throws at it by entering your ZIP code into our free comparison tool below to see affordable car insurance quotes.
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Frequently Asked Questions
What factors influence car insurance rates for the Mazda MX-5 Miata?
Car insurance rates for the Mazda MX-5 Miata are affected by the driver’s age and driving record, the car’s trim level and safety features, as well as geographic location and frequency of use. For additional details, explore our comprehensive resource titled, “Average Car Insurance Rates by Age and Gender.”
What coverage options are recommended for Mazda MX-5 Miata car insurance?
For Mazda MX-5 Miata car insurance, it is recommended to consider comprehensive and collision coverage along with liability insurance to ensure full protection against a variety of incidents. Shop for the best liability-only car insurance with our free quote comparison tool. Enter your ZIP code below to begin.
How can I secure affordable car insurance for my Mazda MX-5 Miata?
To secure affordable car insurance for your Mazda MX-5 Miata, compare rates from multiple insurers, maximize discounts for which you qualify, and adjust your coverage levels and deductibles to fit your budget.
How much does Mazda MX 5 car insurance typically cost?
Mazda MX 5 car insurance costs can vary widely; however, typical monthly rates range from about $38 for minimum coverage to $127 for full coverage, influenced by factors like the driver’s age, driving history, and chosen insurance company.
What specific safety features of the Mazda MX-5 Miata can reduce insurance rates?
Safety features in the Mazda MX-5 Miata, such as advanced airbag systems, anti-lock braking systems, and stability control, can potentially lower insurance rates by reducing risk. Access comprehensive insights into our guide titled, “Safe Driver Car Insurance Discounts.”
Does the trim level of the Mazda MX-5 Miata influence its insurance rates?
Yes, the trim level of the Mazda MX-5 Miata can impact insurance rates; higher trim levels with additional features may lead to higher premiums due to increased value and repair costs.
What is the best insurance for Mazda Miata?
The best insurance for Mazda Miata typically comes from providers like State Farm, Geico, and Progressive, offering a balance of comprehensive coverage and competitive rates.
How do I find affordable Mazda Miata insurance?
To find affordable Mazda Miata insurance, compare quotes from multiple insurers, take advantage of discounts, and choose coverage that matches your driving habits and needs.
What is the average Mazda Miata insurance cost?
The average Mazda Miata insurance cost varies, but generally, monthly premiums can range from $32 for basic coverage to over $100 for full coverage, depending on various factors. To find out more, explore our guide titled, “Finding Free Car Insurance Quotes Online.”
Are Mazda MX-5 Miatas high maintenance in terms of insurance?
Mazda MX-5 Miatas are generally not high maintenance regarding insurance; they typically feature lower insurance costs due to their reliability and reasonable repair expenses.
Why is the Mazda MX-5 Miata considered a good choice for insurance?
The Mazda MX-5 Miata is considered a good choice for insurance due to its affordable coverage rates, enhanced by the car’s safety features and low theft rates, making it a cost-effective option for enthusiasts.
Are Mazda MX-5 Miatas reliable for maintaining low insurance costs?
Yes, Mazda MX-5 Miatas are reliable for maintaining low insurance costs. Their long-standing reputation for durability and low repair costs contributes to generally favorable insurance premiums.
Are insurance values for Mazda MX-5 Miatas going up?
Insurance values for Mazda MX-5 Miatas can increase for well-maintained or classic models, reflecting their potential status as collectibles which may influence their insured value. To find out more, explore our guide titled “The Top 5 Car Insurance Companies.”
Is the Mazda MX-5 Miata a good choice for long-drive coverage?
The Mazda MX-5 Miata is a good choice for long-drive coverage, given its reliability. However, policyholders should consider comprehensive coverage to protect against road trip-related risks like theft and roadside emergencies.
What is the most common insurance claim with the Mazda MX-5 Miata?
The most common insurance claim for the Mazda MX-5 Miata often involves its convertible top, where damage can occur due to weather, accidental misuse, or mechanical failures. Get the right car insurance at the best price — enter your ZIP code below to shop for coverage from the top insurers.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
