How Much Does 2023 Mazda MX-5 Miata RF Car Insurance Cost in 2024?

Looking for better insurance rates for your Mazda MX-5 Miata RF? Locating the lowest cost insurance on the internet might seem impossible for vehicle owners who are new to buying their insurance over the internet. With such a big selection of agents and online companies, how are vehicle owners able to have time to compare every company in order to find the best available rates?

Smart consumers take time to check insurance prices on a regular basis since insurance prices go up and down regularly. If you had the lowest rates for MX-5 Miata RF insurance a couple years back a different company probably has better premium rates today. Forget all the misinformation about insurance because you’re about to learn one of the best ways to find the best coverage while lowering your premiums.

Drivers can save with with these discounts

Some insurers don’t always list every policy discount in a way that’s easy to find, so the list below gives a summary of some of the best known and also the more inconspicuous discounts that you may qualify for.

• Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class if it’s offered in school.
• Onboard Data Collection – Drivers who agree to allow their insurance company to look at their driving habits by using a small device installed in their vehicle like Allstate’s Drivewise could see a rate decrease if they are good drivers.
• Own a Home – Owning a home can help you save on auto insurance because owning a home requires a higher level of personal finance.
• Accident-Free Discounts – Drivers with accident-free driving histories are rewarded with significantly better rates on auto insurance quote as opposed to drivers with a long claim history.
• Student Discounts – Maintaining excellent grades can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
• Multi-policy Discount – If you have multiple policies with the same insurance company you may save over 10 percent off each policy depending on the company.
• Air Bag Discount – Vehicles with factory air bags or motorized seat belts may earn rate discounts of up to 25% or more.
• Low Mileage – Low mileage vehicles may enable drivers to earn discounted prices on garaged vehicles.
• Discounts for Government Workers – Having worked for a branch of the government may qualify for a discount when you quote auto insurance for MX-5 Miata RF insurance with some auto insurance companies.
• Membership in Organizations – Participating in qualifying employment or professional organizations could trigger savings on your next auto insurance statement.

Just know that most discount credits are not given to the whole policy. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think adding up those discounts means a free policy, companies don’t profit that way.

A list of auto insurance companies and a selection of discounts can be found below.

• GEICO discounts include good student, seat belt use, federal employee, anti-lock brakes, and anti-theft.
• Auto-Owners Insurance policyholders can earn discounts including air bags, teen driver, good student, student away at school, and safe vehicle.
• American Family may include discounts for early bird, mySafetyValet, good student, multi-vehicle, and defensive driver.
• Esurance may offer discounts for Switch & Save, online shopper, multi-policy, good student, emergency road assistance, and claim free.
• Progressive includes discounts for multi-vehicle, multi-policy, homeowner, online signing, and online quote discount.
• State Farm may have discounts that include accident-free, safe vehicle, driver’s education, multiple autos, good driver, and passive restraint.
• AAA offers premium reductions for AAA membership discount, multi-car, good driver, pay-in-full, multi-policy, education and occupation, and anti-theft.

Check with each insurance company how many discounts you can get. All car insurance discounts may not apply to policies in your area.

Your situation helps dictate your coverage

When it comes to buying the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s needs are different.

For example, these questions can help discover if your situation might need an agent’s assistance.

• At what point should I drop full coverage?
• Does insurance cover tools stolen from my truck?
• Can I afford low physical damage deductibles?
• Why am I be forced to buy a membership to get insurance from some companies?
• Can I afford to buy a different vehicle if my 2023 Mazda MX-5 Miata RF is totaled?
• Am I covered if I wreck a rental car?
• What is an SR-22 filing?
• How high should my medical payments coverage be?
• What are the financial responsibility laws in my state?
• Who is covered when they drive my 2023 Mazda MX-5 Miata RF?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find an agent in your area, fill out your zip code.

Do drivers who switch really save $441 a year?

Insurance providers like Allstate, GEICO and Progressive regularly use ads on television and other media. All the ads tend to make the same promise that drivers can save some big amount just by switching your policy. How does every insurance company charge you less for car insurance? It’s all in how they say it.

Insurance companies provide the lowest rates for the right customer that will most likely be profitable. For instance, a profitable risk profile should be between the ages of 30 and 50, insures multiple vehicles, and drives a vehicle with a low ISO rating. Any new insured who fits those characteristics will qualify for the lowest rates and will most likely pay quite a bit less when switching companies.

Insureds who fall outside the requirements must pay more expensive rates and the prospect going elsewhere. The ads say “people who switch” but not “everyone who gets a quote” save the amount stated. This is how companies can truthfully claim big savings.

This emphasizes why you really need to get auto insurance quotes from several different companies. It’s just not possible to know which insurance company will be your best fit.

Auto insurance coverages

Knowing the specifics of auto insurance aids in choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Collision coverages – Collision insurance will pay to fix damage to your MX-5 Miata RF caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like hitting a mailbox, rolling your car, crashing into a ditch and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Medical expense insurance – Coverage for medical payments and/or PIP kick in for expenses like prosthetic devices, chiropractic care, funeral costs, X-ray expenses and pain medications. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision) – This covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, vandalism, falling objects and damage from flooding. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as damage to your Mazda MX-5 Miata RF.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually these limits do not exceed the liability coverage limits.

Liability coverages – This protects you from damage that occurs to a person or their property that is your fault. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for claims like repair costs for stationary objects, loss of income, medical services, funeral expenses and medical expenses. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Buy Smart and Save

Drivers switch companies for a number of reasons such as questionable increases in premium, poor customer service, denial of a claim or even high prices. No matter why you want to switch, choosing a new company can be pretty painless.

As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice comprehensive coverage or liability limits only to discover later they didn’t have enough coverage. Your strategy should be to get the best coverage possible at the best cost while still protecting your assets.

Throughout this article, we presented a lot of tips how to lower your 2023 Mazda MX-5 Miata RF insurance premium rates. It’s most important to understand that the more providers you compare, the better likelihood of getting cheaper auto insurance. You may be surprised to find that the most savings is with a lesser-known regional company.