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What is the cheapest Classic Car Insurance for a Mazda MX-5 or Eunos?

As easy to live with as an MGB and as much fun to drive as a Lotus Elan, the Mazda Eunos/MX-5 filled the void left by those charming British roadsters and is responsible for getting an entire generation of people into classic motoring. And it's easy to see why - they're still hugely affordable and the Japanese build quality means that reliability comes as standard.

Can I get it on a classic policy?

The Mazda MX-5 or Eunos is considered a classic by most insurers.

What are the benefits?

As well as being with a specialist insurer, a classic policy will often offer benefits such as limited mileage discounts, free European cover, agreed valuation and club member discounts

How much are they worth?

When it comes to Mk1 Mazda MX-5s, expect to pay around £4000 for the very best example from a dealer, while you should find a similar car in the classifieds for just over £3500. One that still needs a few jobs doing should be about £2000, while a runner in need of some TLC could be about £1250 . 

What to look for when buying one?

While the mechanicals are reliable (especially with the 1.8-litre under the hood) the main problem with be bodywork. Rust is the main killer, but depending on your budget you'll battle a variety of cosmetic issues from worn hoods to horrible mods.

How can I lower the cost of my insurance

Insurers often offer discounts if you’re a member of a classic car club. When it comes to the Mazda MX-5, the MX-5 Owners' Club (www.mx5oc.co.uk) is widely recognised by most insurers. You could also get yourself a discount by keeping the miles down. If you've recently passed your test, consider taking a PassPlus, IAM or other driver qualification - some insurers will chip a bit off your premium if you do. Keeping your car garaged is also another good idea.

What about modifications?

Always tell your insurer about any modifications to the vehicle - some modifcations such as security systems or tracking devices can reduce your premium. But if your insurer knows your car is modified, you'll most likely get like-for-like cover so you won't be out of pocked if you need to make a claim.

Insurance quotes

The following fully-comprehensive insurance quotes are based on a 1994-8 £2500 Mazda MX-5 Cabriolet 1.8 (130bhp), owned by a 40-year-old Cambridgeshire-based man in full time employment. He is named driver on another car and has clean UK licence. Mileage is limited to 3000 a year and the car is kept garaged overnight.

Insurer Annual Premium
Performance Direct £123.52
Grove & Dean £153.54
Flux Direct* £155.74*
Entire £455.48
Lancaster* £671.17*
 

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