Compare Mazda MX-5 Miata Insurance Rate Quotes in Philadelphia

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Insurance quote for Mazda MX-5 Miata in PhiladelphiaDid a good deal turn out to be high-priced Mazda MX-5 Miata insurance in Philadelphia? Say no more because there are lots of people in the same boat.

It goes without saying that car insurance companies want to keep your business as long as possible. Insureds who shop around for the cheapest price are likely to move their business because there is a good chance of finding a cheaper policy. A survey found that consumers who compared price quotes annually saved $865 a year compared to other drivers who never shopped around for lower prices.

If finding low prices for Mazda MX-5 Miata insurance is your target objective, then having a good understanding the best way to shop and compare coverage rates can make the process more efficient. You have multiple insurance companies to buy insurance from, and although it's nice to be able to choose, so many choices can make it hard to find the best rates for Mazda MX-5 Miata insurance in Philadelphia.

Our goal in writing this article let you in on how to get online quotes and some tips to save money. If you're already insured, you will definitely be able to buy cheaper car insurance using this information. Drivers just need to know the most effective way to shop for car insurance online.

The companies shown below can provide free rate quotes in Pennsylvania. If multiple providers are shown, we recommend you compare several of them in order to find the most competitive rates.

Save money with these discounts

Not many people think insurance is cheap, but you may find discounts that can dramatically reduce your bill. Certain reductions will be credited when you purchase, but some discounts are required to be asked for before you get the savings.Cheaper car insurance with discounts

  • Discounts for Seat Belt Usage - Drivers who require all occupants to buckle their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Accident Free - Drivers with accident-free driving histories pay less in comparison to insureds who have frequent claims or accidents.
  • Include Life Insurance and Save - Some car insurance companies give a discounted car insurance rate on car insurance if you buy a life insurance policy as well.
  • Theft Prevention System - Anti-theft and alarm system equipped vehicles are less likely to be stolen and that can save you a little bit as well.
  • Multiple Cars - Buying coverage for all your vehicles with one company may reduce the rate for each vehicle.
  • Home Ownership Discount - Owning a home in Philadelphia can help you save on car insurance since home ownership demonstrates responsibility.
  • Employee of Federal Government - Active or retired federal employment can save as much as 8% but check with your company.
  • Discounts for New Vehicles - Buying a new car instead of a used MX-5 Miata can save up to 30% because newer models are generally safer.
  • Anti-lock Brakes - Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions so companies give up to a 10% discount.
  • Service Members Pay Less - Being deployed with a military unit could be rewarded with lower car insurance rates.

As a disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to specific coverage prices like liability and collision coverage. Just because you may think adding up those discounts means a free policy, companies wouldn't make money that way.

The illustration below compares Mazda MX-5 Miata insurance prices with and without some available policy discounts. The costs are based on a female driver, no tickets, no at-fault accidents, Pennsylvania state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, multi-policy, homeowner, and claim-free discounts applied.

Auto insurance companies who might offer these benefits are:

When quoting, ask each company to apply every possible discount. Some of the discounts discussed earlier might not be offered on policies in Philadelphia. If you would like to view providers who offer discounts in Pennsylvania, click here to view.

Statistics and details

The coverage information shown below showcases a range of insurance premium costs for Mazda MX-5 Miata models. Learning more about how insurance prices are established is important for making decisions when choosing a new policy provider.

Mazda MX-5 Miata Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $274 $518 $378 $22 $114 $1,306 $109
MX-5 Miata Touring 2-Dr Convertible $314 $630 $378 $22 $114 $1,458 $122
MX-5 Miata Grand Touring 2-Dr Convertible $314 $630 $378 $22 $114 $1,458 $122
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Table data does not factor in specific zip code location which can alter coverage rates noticeably.

Choosing deductibles

When comparing insurance rates, the most common question is which deductibles should you choose. The comparisons below highlight the rate difference when you select higher and lower policy deductibles. The first rate quote example uses a $100 deductible and the second price table uses a $1,000 deductible.

Mazda MX-5 Miata insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $246 $420 $280 $16 $84 $1,071 $89
MX-5 Miata Touring 2-Dr Convertible $284 $512 $280 $16 $84 $1,201 $100
MX-5 Miata Grand Touring 2-Dr Convertible $284 $512 $280 $16 $84 $1,201 $100
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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 $136 $222 $280 $16 $84 $738 $62
MX-5 Miata Touring 2-Dr Convertible $158 $270 $280 $16 $84 $808 $67
MX-5 Miata Grand Touring 2-Dr Convertible $158 $270 $280 $16 $84 $808 $67
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price estimates do not factor in vehicle garaging location which can alter premium rates greatly.

We can derive from the above data that using a $100 deductible costs about $31 more each month or $372 every year than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 29 months between claim filings, you would probably save some money if you opt for a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $96
Average monthly premium for $1,000 deductibles (subtract): - $65
Monthly savings from raising deductible: $31
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

The information below highlights how deductible selection and can change Mazda MX-5 Miata insurance costs for each different age group. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Should you buy full coverage?

The diagram below visualizes the comparison of Mazda MX-5 Miata insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no accidents, no driving violations, $100 deductibles, single marital status, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no specific rule of when to stop paying for physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let's pretend your Mazda MX-5 Miata replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after the policy deductible has been paid. If it's costing you more than $500 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Lower the Price of Auto Insurance with These Tips

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that are used to determine your policy premiums. When you know what positively or negatively determines premiums, this enables informed choices that may result in cheaper rates.

  • Costs impacted by vehicle usage - Driving more miles in a year the more you'll pay to insure your vehicle. Most insurance companies calculate rates partially by how you use the vehicle. Autos used primarily for pleasure use can be on a lower rate level than cars that get driven a lot. Having the wrong rating on your MX-5 Miata can cost quite a bit. Double check that your declarations sheet reflects the proper vehicle usage, because improper ratings can cost you money.
  • Stay claim-free and save - If you file claims often, you can expect increased rates or even have your policy non-renewed. Insurance companies in Pennsylvania provide lower rates to insureds that do not abuse their auto insurance. Your insurance policy is intended to be relied upon for more catastrophic claims.
  • Prevent theft and save - Choosing a vehicle with a theft deterrent system can save you a little every year. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart your vehicle from being stolen.
  • Big city or small town - Residing in areas with lower population has definite advantages when it comes to auto insurance. Drivers in populated areas have to deal with more auto accidents and higher rates of accident claims. Fewer drivers and short commutes means less chance of accidents in addition to fewer liability claims.
  • Are men or women drivers cheaper? - Statistics have proven women tend to be less risk to insure than men. Now that doesn't mean males are worse at driving than females. They both are in at-fault accidents in similar numbers, but males get into accidents with more damage. In addition to higher claims, males also get higher numbers of serious violations like driving under the influence (DUI). Males from age 16 to 21 cause the most accidents and therefore pay the highest rates.

    The illustration below visualizes the comparison of Mazda MX-5 Miata car insurance costs for male and female drivers. The data assumes no driving violations, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in.

  • Auto insurance policy lapses increase prices - Not maintaining insurance can get you a ticket and you will pay a penalty because you let your insurance lapse for non-payment. And not only will insurance be more expensive, not being able to provide proof of insurance may result in fines and jail time.
  • Incidental coverages that may not be needed - There are a lot of additional coverages that you can get tricked into buying if you aren't diligent. Coverage for things like personal injury protection, death and dismemberment, and motor club memberships are probably not needed. They may seem like a good idea when discussing your needs, but your money might be better spent on other coverage so remove them from your policy.
  • Insurance loss data for Mazda MX-5 Miata vehicles - Insurers factor in insurance loss information when they calculate premium prices for each model. Models that tend to have higher frequency or amount of claims will have higher rates. The data below shows the actual insurance loss data for Mazda MX-5 Miata vehicles.

    For each policy coverage type, the claim probability for all vehicles, regardless of make or model, is set at 100. Percentages below 100 represent a good loss history, while numbers shown that are more than 100 show a trend for more claims or larger claims.

    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

Car insurance agents can help

Many drivers prefer to have an agent's advice and that can be a great decision Most agents will help you protect your assets and help file insurance claims. The biggest benefit of getting free rate quotes online is you can get lower rates and still buy from a local agent. Buying from and supporting local agents is still important in Philadelphia.

Insurance agency in PhiladelphiaUpon completion of this form (opens in new window), the quote information is instantly submitted to companies in Philadelphia that give free quotes for your coverage. You won't need to search for any insurance agencies since price quotes are sent to you directly. If you need to get a rate quote for a specific company, feel free to find their quoting web page and fill out their quote form.

Exclusive and independent Philadelphia auto insurance agents

If you are wanting to purchase insurance from a local Philadelphia insurance agent, it's helpful to know the types of insurance agents and how they are distinctly different. Philadelphia agents can either be exclusive or independent. Either one can write policy coverage, but it's important to point out the difference in the companies they write for because it can impact buying decisions.

Independent Insurance Agents

These type of agents are not employed by one company so they have the ability to put coverage with any number of different companies and potentially find a lower price. If they find a cheaper price, the agent simply finds a different carrier and you can keep the same agent.

If you need cheaper insurance rates, it's a good idea to check rates from independent agents to get the most accurate price comparison.

The following is a short list of independent insurance agents in Philadelphia that can give you comparison quotes.

231 St Asaphs Rd #100 - Bala Cynwyd, PA 19004 - (610) 617-7900 - View Map

7100 Cresheim Rd - Philadelphia, PA 19119 - (215) 753-7770 - View Map

2704 Street Rd - Bensalem, PA 19020 - (215) 891-9990 - View Map

View more Philadelphia agents

Exclusive Insurance Agencies

Agents that choose to be exclusive work for only one company and some examples include Farmers Insurance, State Farm, or Allstate. These agents are not able to provide other company's prices so they are skilled at selling on more than just price. Exclusive agents receive a lot of sales training on their company's products and that can be a competitive advantage.

Shown below is a list of exclusive insurance agents in Philadelphia that can give you comparison quotes.

7904 Germantown Ave - Philadelphia, PA 19118 - (267) 323-2923 - View Map

6335 Wayne Avenue - Philadelphia, PA 19144 - (215) 438-8440 - View Map

9551 Bustleton Ave - Philadelphia, PA 19115 - (215) 725-1000 - View Map

View more Philadelphia agents

Finding a good auto insurance agent should include more criteria than just the premium amount. Ask your prospective agent these questions:

  • Does the agency have a good rating with the Better Business Bureau?
  • Which members of your family are coverage by the policy?
  • How long has their agency been open in Philadelphia?
  • If they are an independent agency in Philadelphia, which companies do they recommend?
  • Are they able to provide referrals?

Which policy gives me the best coverage?

When it comes to insurance from an agent or online, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.Safe vehicles cost less to insure

Here are some questions about coverages that might point out whether you would benefit from an agent's advice.

  • Am I covered if I hit my neighbor's mailbox?
  • Am I missing any policy discounts?
  • How much underlying liability do I need for an umbrella policy?
  • How do I file an SR-22 for a DUI in Pennsylvania?
  • I have a DUI can I still get coverage?
  • What does UM/UIM cover?
  • If I use my vehicle for business use is it covered?
  • Can my babysitter drive my car?
  • Can I use my car for my catering business?
  • What if I total my Mazda MX-5 Miata and owe more than it's worth?

If you don't know the answers to these questions, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form. It's fast, free and can help protect your family.

Frequent quotes can save

As you prepare to switch companies, it's a bad idea to reduce needed coverages to save money. Too many times, consumers will sacrifice comprehensive coverage or liability limits and learned later that it was a big mistake. Your focus should be to find the BEST coverage for the lowest price while still protecting your assets.

Consumers change insurance companies for many reasons like extreme rates for teen drivers, unfair underwriting practices, questionable increases in premium or even lack of trust in their agent. It doesn't matter what your reason, switching car insurance companies can be pretty painless.

More affordable car insurance in Philadelphia can be bought both online and from local agencies, and you need to price shop both in order to have the best price selection to choose from. A few companies may not offer internet price quotes and these smaller providers work with local independent agencies.

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