Mazda MX-5 Miata Insurance Rates

The average auto insurance rates for a Mazda MX-5 Miata are $938 annually for full coverage insurance. Comprehensive insurance costs on average $164 each year, collision costs $236, and liability insurance costs $402. Buying just liability costs as little as $446 a year, with insurance for high-risk drivers costing $2,020 or more. Teen drivers cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates by type of insurance:

These estimates include $500 deductible amounts, 30/60 bodily injury liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 states and MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on insurance rates. Rural areas are shown to have fewer physical damage claims than larger metro areas.

The graphic below illustrates how location impacts car insurance rates.

The examples above illustrate why all drivers should compare rates based on a specific location and their own personal driving habits, rather than relying on price averages.

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

Rate Comparisons

The chart below illustrates estimated Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $563
• Drivers who choose higher $1,000 deductibles will pay around $92 each year
• The estimated rate for a good driver age 40 with $500 deductibles is $938
• Choosing low deductibles for comprehensive and collision insurance costs an additional $174 a year
• High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,020 or more
• Policy cost with full coverage for a teen driver may cost $3,708 a year

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

More mature drivers with a clean driving record and high physical damage deductibles could pay as little as $900 per year on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they can expect to pay upwards of $3,700 a year. View Rates by Age

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

Choosing high deductibles could save up to $270 each year, whereas increasing liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Mazda MX-5 Miata insurance rates. A 40-year-old driver could pay as low as $610 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,270 on average in Michigan, New York, and Florida.

Because rates have so much variability, the only way to figure out exactly what you will pay is to do a rate comparison from as many companies as possible. Every company uses a different rate calculation, so the rates will be varied between companies.

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 Cheap Mazda MX-5 Miata Insurance

Finding cheaper rates on Mazda MX-5 Miata insurance not only requires having a good driving record, but also having a good credit history, being claim-free, and bundling your home and auto policies. Spend time shopping around at every other renewal by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The next list is a brief summary of the concepts that were touched on above.

• High-risk drivers that tend to have accidents or serious violations may pay on average $1,080 more each year to buy Mazda MX-5 Miata insurance
• Drivers age 20 and younger pay the highest rates, possibly costing $309 each month including comprehensive and collision insurance
• It is possible to save as much as $110 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles could save up to $275 each year
• It is possible to save as much as $110 per year simply by quoting online in advance