Mazda MX-5 Miata Insurance Rates

Average auto insurance rates for a Mazda MX-5 Miata are $938 annually for full coverage insurance. Comprehensive costs around $164, collision insurance costs $236, and liability insurance is $402. A liability-only policy costs around $446 a year, and high-risk insurance costs around $2,020. Teens receive the highest rates at up to $3,708 a year.

Average premium for full coverage: $938

Rate estimates for individual coverage type:

Full coverage includes $500 comprehensive and collision deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 states and for different MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on car insurance rates. Areas with sparse population tend to have fewer physical damage claims than cities with more traffic congestion. The price range example below illustrates the effect of geographic area on auto insurance rates.

These examples illustrate why anyone shopping for car insurance should compare rates quotes for a specific zip code and their own personal driving habits, rather than relying on averaged prices.

Use the form below to get customized rates for your location.

More Rate Information

The chart below illustrates average Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $563
• Raising to $1,000 deductibles will save about $92 each year
• The estimated rate for a 40-year-old driver using $500 deductibles is $938
• Selecting more expensive low deductibles will cost $1,112
• Higher-risk drivers with serious driving violations could pay at least $2,020
• The cost with full coverage for a teen driver with full coverage can be $3,708

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on the trim level of your MX-5 Miata, your risk profile, and deductibles and policy limits.

An older driver with a clean driving record and high physical damage deductibles could pay as little as $900 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect to pay as much as $3,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are probably paying at least $1,100 to $1,600 extra per year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 43% to 131% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $270 each year, while increasing your policy's liability limits will increase rates. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $362 more per year. View Rates by Deductible or Liability Limit

Where you live also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $610 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,270 on average in Michigan, New York, and Florida.

Insurance Rates by Trim Level and Model Year

Rates assume 2014 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Buy More Affordable Mazda MX-5 Miata Insurance

Saving money on Mazda MX-5 Miata insurance consists of avoiding accidents and violations, having a good credit history, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Take the time to compare rates at every policy renewal by requesting rates from direct insurance companies like Progressive and GEICO, and also from several local insurance agents.

The list below is a summary of the data covered in the above illustrations.

• Drivers who may need higher liability limits will pay approximately $440 annually to raise from a minimum limit to higher 250/500 limits
• It is possible to save up to $110 per year just by shopping early and online
• Increasing deductibles could save up to $275 each year
• Teenagers pay higher rates, costing up to $309 per month including comprehensive and collision insurance