How long has it been since you compared quotes for cheaper Mazda MX-5 Miata insurance in Denver? Trying to find low cost Mazda MX-5 Miata insurance in Denver is hard for drivers who are beginners to online comparison shopping. Drivers have so many options available that it can turn into a chore to find more affordable coverage rates on Mazda MX-5 Miata insurance.

Insurance for Mazda MX-5 MiataA recent car insurance study discovered that nearly 70% of consumers have stayed with the same insurance company for a minimum of four years, and roughly 40% of drivers have never shopped around. The average driver in Denver could cut their rates by 35% a year, but they just feel it's too hard to compare rate quotes online.

Smart consumers take time to get comparison quotes on a regular basis since insurance prices change regularly. Despite the fact that you may have had the lowest rates on Mazda MX-5 Miata insurance in Denver a few years ago the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about car insurance because you're about to learn the things you must know in order to properly buy coverages while reducing your premium.

To get affordable Mazda MX-5 Miata insurance quotes, there a variety of ways of comparing rate quotes from different companies. The recommended way to find cheaper Mazda MX-5 Miata rates consists of obtaining rate quotes online.

When comparing car insurance rates, know that comparing more quotes helps you find the best rates.

The companies in the list below offer price comparisons in Colorado. If several companies are displayed, we recommend you visit as many as you can to get a more complete price comparison.

Mazda MX-5 Miata Insurance Cost Estimates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $204 $368 $338 $20 $102 $1,032 $86
MX-5 Miata Touring 2-Dr Convertible $190 $362 $314 $18 $94 $978 $82
MX-5 Miata Grand Touring 2-Dr Convertible $144 $296 $338 $20 $102 $900 $75
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Rates do not factor in garaging location in Denver which can impact rates considerably.

Comparison of auto insurance rates by age and gender

The information below visualizes the comparison of Mazda MX-5 Miata insurance costs for male and female drivers. The costs are based on a clean driving record, no at-fault accidents, full coverage, $250 deductibles, drivers are single, and no discounts are factored in.

Physical damage deductibles

When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The figures shown below can help you understand how much more rates are between high and low physical damage coverage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Mazda MX-5 Miata insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $236 $376 $298 $18 $90 $1,043 $87
MX-5 Miata Touring 2-Dr Convertible $272 $458 $298 $18 $90 $1,161 $97
MX-5 Miata Grand Touring 2-Dr Convertible $272 $458 $298 $18 $90 $1,161 $97
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Mazda MX-5 Miata insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $146 $236 $298 $18 $90 $788 $66
MX-5 Miata Touring 2-Dr Convertible $168 $288 $298 $18 $90 $862 $72
MX-5 Miata Grand Touring 2-Dr Convertible $168 $288 $298 $18 $90 $862 $72
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price information does not factor in garaging location in Denver which can revise coverage prices noticeably.

Based on these figures, using a $250 deductible costs approximately $24 more each month or $288 a year than quoting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 31 months between claim filings, you would save money going with the higher deductible. The numbers below show how this determination is made.

Average monthly premium for $250 deductibles: $94
Average monthly premium for $1,000 deductibles (subtract): - $70
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

Why you need quality insurance for your MX-5 Miata

Despite the fact that auto insurance is not cheap in Denver, insurance serves several important purposes.

The benefits of having auto insurance definitely exceed the price paid, particularly for liability claims. According to a recent study, the average American driver overpays more than $820 a year so compare quotes from several companies at least once a year to help ensure money is not being wasted.

Affordable Mazda MX-5 Miata insurance quotes in Denver

Buying car insurance is not cheap, but you might be missing out on some discounts that can dramatically reduce your bill. Many discounts should be triggered at the time you complete a quote, but some discounts are required to be inquired about prior to getting the savings.Discount car insurance

As a disclaimer on discounts, some credits don't apply to the entire policy premium. Most only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like adding up those discounts means a free policy, companies don't profit that way. But any discount will lower your premiums.

A few popular companies and their possible discounts are shown below.

When getting a coverage quote, ask each company or agent which discounts you qualify for. Some discounts may not be available in Denver. To choose companies that can offer you the previously mentioned discounts in Colorado, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing coverage online or from an agent, there really isn't a perfect coverage plan. Your needs are not the same as everyone else's.Auto insurance savings

For instance, these questions might help in determining if your situation would benefit from professional advice.

If you don't know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don't have a local agent, fill out this quick form.

Compare prices but buy from a local neighborhood Denver car insurance agent

Many people just want to have an agent's advice. One of the best bonuses of comparing insurance prices online is the fact that you can find cheap rate quotes and still have an agent to talk to.

Denver insurance agentsOnce you complete this quick form, your insurance data is instantly submitted to local insurance agents who will gladly provide quotes for your business. You won't even need to contact any insurance agencies since price quotes are sent directly to your email. You can find lower rates AND an agent nearby. In the event you want to compare rates from a specific insurance provider, you just need to find their quoting web page and give them your coverage information.

Finding a good insurer needs to be determined by more than just a low price. Before buying a policy in Denver, get answers to these questions.

Compare rates from both independent and exclusive auto insurance agents

If you are wanting to find a reputable insurance agent or broker, you need to know there are two types of agencies and how they differ in how they quote coverages. Denver agents can be described as either independent or exclusive depending on the company they work for.

Exclusive Agents

Exclusive agents have only one company to place business with and examples are American Family, State Farm, and Allstate. Exclusive agents are unable to compare rates from other companies so always compare other rates. Exclusive agents are usually well trained on their products and sales techniques which aids in selling service over price. Some people will only buy from exclusive agents primarily because of the prominence of the brand rather than low rates.

Listed below are Denver exclusive insurance agencies willing to provide price quotes.

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Independent Insurance Agencies

Independent agents are not restricted to one company so they can write business through many different insurance companies and find the cheapest insurance rates. If your premiums go up, your agent can just switch to a different company and you can keep the same agent.

When comparing insurance prices, it's recommended you include rate quotes from several independent insurance agents in order to have the best price comparison. Many can place coverage with small mutual carriers which can save you money.

Listed below are Denver independent agents that are able to give rate quotes.

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Car insurance coverage information

Knowing the specifics of your policy helps when choosing which coverages you need for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy.

Comprehensive coverages

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hitting a bird, damage from flooding, falling objects, fire damage and rock chips in glass. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Mazda MX-5 Miata.

Since many Colorado drivers only carry the minimum required liability limits (Colorado limits are 25/50/15), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for expenses for things like dental work, pain medications, nursing services, doctor visits and X-ray expenses. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage protection

This will pay to fix damage to your MX-5 Miata resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like scraping a guard rail, crashing into a building, hitting a parking meter and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible on your MX-5 Miata to get cheaper collision coverage.


Liability coverage can cover damage that occurs to other people or property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/15 that translate to $25,000 in coverage for each person's injuries, a limit of $50,000 in injury protection per accident, and a limit of $15,000 paid for damaged property.

Liability can pay for things like structural damage, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible. Colorado state law requires minimum liability limits of 25/50/15 but you should think about purchasing more coverage.

A conclusion for your insurance search

Some insurance providers do not offer rates over the internet and most of the time these small insurance companies only sell coverage through local independent agents. Cheap Mazda MX-5 Miata insurance in Denver is attainable both online in addition to many Denver insurance agents, so you need to compare both to have the best chance of lowering rates.

We just presented a lot of ways to lower your Mazda MX-5 Miata insurance premium rates in Denver. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the biggest savings come from a small mutual company.

As you shop your coverage around, make sure you don't buy less coverage just to save a little money. In many instances, an insured dropped collision coverage only to regret that the savings was not a smart move. Your goal should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

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