Affordable Rates for Mazda MX-5 Miata Insurance in San Jose

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It's an obvious statement that auto insurance companies don't want policyholders to compare prices from other companies. Drivers who shop around will probably switch companies because there are good odds of finding good coverage at a lower price. A recent insurance study discovered that consumers who compared prices once a year saved over $70 a month compared to those who never compared rates.

If saving money on Mazda MX-5 Miata insurance is your objective, then having some knowledge of how to find and compare insurance coverage can help you succeed in finding affordable rates.

Insurance rates Mazda MX-5 Miata in San JoseThe recommended way to get the cheapest Mazda MX-5 Miata insurance is to compare prices regularly from providers who sell auto insurance in San Jose. Rate comparisons can be done by following these guidelines.

  1. Get an understanding of individual coverages and the modifications you can make to lower rates. Many rating criteria that are responsible for high rates like inattentive driving and an imperfect credit rating can be amended by making minor driving habit or lifestyle changes.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can provide price quotes from many different companies.
  3. Compare the new rates to the price on your current policy to see if a cheaper price is available. If you find a lower rate and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.

The key aspect of shopping around is that you use the same amount of coverage on every price quote and and to analyze as many car insurance companies as possible. Doing this enables an accurate price comparison and a complete price analysis.

Most major insurance companies make it easy to get price estimates directly from their websites. Getting Mazda MX-5 Miata insurance prices online is pretty painless because it's just a matter of typing in the coverage amounts you desire as detailed in the form. After the form is submitted, their system gets credit information and your driving record and returns a price quote determined by many factors. This makes comparing rates easy, and it's absolutely necessary to get many rate quotes if you are searching for the most affordable premium on auto insurance.

To save time and find out if lower rates are available, check out the auto insurance providers below. If you currently have coverage, we recommend you duplicate the limits and deductibles just like they are on your policy. This ensures you will get a fair comparison based on identical coverages.

The companies in the list below can provide free rate quotes in California. If the list has multiple companies, it's a good idea that you compare several of them to get the best price comparison.

Rate information and statistics

The premium information displayed next outlines different insurance costs for Mazda MX-5 Miata models. Being more informed about how insurance quotes are established can help customers make decisions on which insurance to purchase.

Mazda MX-5 Miata Insurance Rates in San Jose, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $242 $382 $376 $22 $112 $1,134 $95
MX-5 Miata Touring 2-Dr Convertible $278 $464 $376 $22 $112 $1,252 $104
MX-5 Miata Grand Touring 2-Dr Convertible $278 $464 $376 $22 $112 $1,252 $104
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in specific garaging location which can change auto insurance rates greatly.

Should you raise deductibles?

A question often asked by San Jose drivers is which deductible level should you buy. The comparison tables below help summarize the differences in price between low and high policy deductibles. The first data table uses a $250 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Mazda MX-5 Miata insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $298 $472 $376 $22 $112 $1,305 $109
MX-5 Miata Touring 2-Dr Convertible $342 $576 $376 $22 $112 $1,453 $121
MX-5 Miata Grand Touring 2-Dr Convertible $342 $576 $376 $22 $112 $1,453 $121
Get Your Own Custom Quote Go
Mazda MX-5 Miata insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $184 $298 $376 $22 $112 $992 $83
MX-5 Miata Touring 2-Dr Convertible $210 $362 $376 $22 $112 $1,082 $90
MX-5 Miata Grand Touring 2-Dr Convertible $210 $362 $376 $22 $112 $1,082 $90
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Information does not factor in San Jose location which can impact coverage rates considerably.

We can estimate from the data above that using a $250 deductible costs approximately $29 more each month or $348 for a full year across all Mazda MX-5 Miata models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 26 months between claims, you would save money by going with a higher deductible.

The example below highlights how deductible selection and can affect Mazda MX-5 Miata yearly insurance costs for different categories of driver ages. Data assumes a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Smart Buyers Know How to Find Car Insurance More Affordably

One of the most helpful ways to save on car insurance is to to have a grasp of some of the elements that are used to determine the price you pay for car insurance. When you understand what determines base rates, this allows you to make good choices that may result in lower premium levels. Many different elements are taken into consideration when pricing auto insurance. Some of the criteria are obvious like your driving record, but other criteria are less apparent like where you live or your commute time.

The following are most of the major factors used by companies to determine your premiums.

  • Premiums are affected by your credit rating - Your credit rating will be a significant factor in determining premium rates. Drivers who have excellent credit tend to file fewer claims than those with lower credit ratings. If your credit history is not that good, you could save money insuring your Mazda MX-5 Miata by spending a little time repairing your credit.
  • Prices increase with policy add-ons - There are quite a few additional coverages that you can get tricked into buying if you don't pay attention. Things like personal injury protection, accident forgiveness, and motor club memberships are some examples. These coverages may sound good when deciding what coverages you need, but if they're wasting money consider taking them off your policy.
  • Save by driving cars with good safety ratings - Safe vehicles get lower rates. Safe vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries translates into fewer and smaller insurance claims and lower rates for you. If your Mazda MX-5 Miata earned at least four stars on you are probably receiving a discount.
  • Premiums are affected by your address - Choosing to live in less populated areas has definite advantages when buying car insurance. Urban drivers regularly have much more traffic and higher rates of accident claims. Fewer drivers and short commutes translates into fewer accident claims.
  • Pleasure use or commuting - The more you drive in a year's time the more you will pay for car insurance. Most insurance companies rate vehicles based upon how the vehicle is primarily used. Vehicles that are left in the garage cost less to insure than those that get driven frequently. Improper usage on your MX-5 Miata can result in significantly higher rates. It's always a good idea to double check that your car insurance declarations sheet properly reflects the right rating data, because improper ratings can cost you money.
  • Do females or males drive better? - The statistics show that men are more aggressive behind the wheel. Now that doesn't mean women are BETTER drivers than men. Males and females cause fender benders in similar numbers, but the males have costlier accidents. In addition to higher claims, males also get higher numbers of serious violations such as reckless driving. Males from age 16 to 21 tend to get in the most accidents so it costs more to insure them.

    The information below shows the difference between Mazda MX-5 Miata car insurance rates for male and female drivers. The information is based on no claims or violations, full physical damage coverage, $100 deductibles, single status, and no discounts are applied.

  • Rates and employer - Do you work in a high-stress field? Careers such as doctors, social workers, and financial analysts usually pay the highest rates due to high stress levels and extremely grueling work hours. On the other hand, jobs such as actors, historians and the unemployed pay lower than average rates.
  • Loss probability for a Mazda MX-5 Miata - Companies use historical loss data as a tool for profitable underwriting. Models that are shown to have increased claim numbers or amounts will cost more to insure. The information below illustrates the historical insurance loss data for Mazda MX-5 Miata vehicles.

    For each policy coverage, the claim probability for all vehicles as a whole is considered to be 100. Percentage values below 100 indicate better than average losses, while percentages above 100 point to more claims or tendency to have higher losses.

    Mazda MX-5 Miata Insurance Loss Statistics
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Mazda MX-5 Miata Convertible 76 61 74 72

    Empty fields indicate not enough data collected
    Statistics from for 2013-2015 Model Years

Insurance protects more than just your car

Even though it's not necessarily cheap to insure a Mazda in San Jose, paying for insurance serves a purpose in several ways.

  • The majority of states have compulsory liability insurance requirements which means you are required to buy a specific level of liability insurance in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your vehicle has a loan, most lenders will require that you buy insurance to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Mazda for a much higher rate and force you to pay the higher price.
  • Insurance protects your Mazda MX-5 Miata and your assets. It will also pay for medical transport and hospital expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance are definitely more than the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is wasting up to $800 each year so you should quote and compare rates once a year at a minimum to ensure rates are competitive.