Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive insurance costs on average $164 each year, collision insurance costs $236, and liability costs $402. A liability-only policy costs as little as $446 a year, and high-risk insurance costs $2,020 or more. Teenage drivers cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates by type of insurance:

These estimates include $500 policy deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 U.S. states and MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than densely populated cities. The graphic below illustrates the difference between rural and urban areas on car insurance rates.

The examples above highlight why all drivers should compare rates based on a specific location, instead of making a decision based on average rates.

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

Additional Rate Information

The chart below breaks down average Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The best discount rate is $563
• Drivers who choose higher $1,000 deductibles will pay around $92 every year
• The estimated price for a good driver age 40 with $500 deductibles is $938
• Using low deductibles for comprehensive and collision insurance will cost an additional $174 annually
• Drivers who are prone to accidents and violations could pay upwards of $2,020
• Policy cost that insures a 16-year-old driver may cost $3,708 a year

Car insurance rates for a Mazda MX-5 Miata also range considerably based on the trim level and model year, your driving record and age, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $1,100 to $1,600 extra every year, depending on your age. Insurance for high-risk drivers can cost from 43% to 131% more than a normal policy. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will be charged upwards of $3,700 a year. View Rates by Age

Your home state makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,340 on average in Michigan, New York, and Louisiana.

Using high physical damage deductibles could save up to $270 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

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 Find Cheap Mazda MX-5 Miata Insurance

Finding cheaper rates on insurance for a Mazda MX-5 Miata not only requires avoiding accidents and claims, but also having a positive credit history, paying for small claims out-of-pocket, and possibly raising deductibles. Compare prices at least once a year by getting quotes from direct car insurance companies, and also from insurance agencies where you live.

The points below are a brief summary of the primary concepts that were covered above.

• You may be able to save as much as $110 per year just by quoting online in advance
• Drivers considered higher risk that tend to have accidents or serious violations could be forced to pay on average $1,080 more each year to insure a Mazda MX-5 Miata
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• Drivers under the age of 20 are expensive to insure, with premiums being up to $309 each month if full coverage is purchased