Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage insurance. Comprehensive costs an estimated $164 each year, collision costs $236, and liability costs $402. A liability-only policy costs as little as $446 a year, with high-risk insurance costing around $2,020. Teens receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates broken down by individual coverage type:

Rate estimates include $500 policy deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 states and MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on the price of insurance. More rural locations tend to have a lower frequency of physical damage claims than cities with more traffic congestion.

The graphic below illustrates how geographic area affects insurance prices.

These examples illustrate why all drivers should compare rates for a targeted area and risk profile, instead of making a decision based on averaged prices.

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

Additional Charts and Tables

The chart below illustrates estimated Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $563
• Drivers who choose higher $1,000 deductibles will pay approximately $92 each year
• The average rate for a 40-year-old driver who has $500 deductibles is $938
• Selecting low deductibles for comprehensive and collision insurance will increase the cost to $1,112
• Drivers with serious driving violations could pay up to $2,020 or more
• The cost for full coverage for a 16-year-old driver can cost as much as $3,708 a year

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on your driver profile, the model year and trim level, and liability limits and deductibles.

More mature drivers with a clean driving record and high deductibles may pay as low as $900 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay at least $3,700 a year. View Rates by Age

Where you live makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,270 on average in Florida, New York, and Michigan.

Choosing higher comprehensive and collision insurance deductibles could save up to $270 annually, whereas increasing liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost as much as $362 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying $1,100 to $1,600 extra per year, depending on your age. Insurance for high-risk drivers can cost from 43% to 131% more than the average policy. View High Risk Driver Rates

With so much variability in rates, the only way to figure out which company is cheapest is to do a rate comparison from multiple companies. Every company calculates rates differently, so the rates can be significantly different from one company to the next.

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 the Best Mazda MX-5 Miata Insurance

Saving money on insurance for a Mazda MX-5 Miata not only requires avoiding accidents and claims, but also maintaining good credit, avoid buying unnecessary coverage, and taking advantage of discounts. Invest the time to compare rates once a year by requesting rates from direct insurance companies like GEICO and Progressive, and also from several local insurance agents.

The points below are a brief recap of the data that was presented in the illustrations above.

• It is possible to save approximately $110 per year simply by quoting online in advance
• Insureds who want increased liability limits will pay approximately $440 annually to go from a minimum limit to 250/500 limits
• Drivers under the age of 20 are charged the highest rates, costing up to $309 per month for full coverage
• Drivers considered higher risk who tend to receive serious violations pay on average $1,080 more annually to insure a Mazda MX-5 Miata