Mazda MX-5 Miata Insurance Rates

U.S. average insurance rates for a Mazda MX-5 Miata are $968 a year for full coverage insurance. Comprehensive costs on average $176, collision costs $254, and liability costs around $402. Liability-only coverage costs as low as $446 a year, with high-risk coverage costing around $2,086. Teenage drivers pay the highest rates at $3,798 a year or more.

Average premium for full coverage: $968

Price estimates by individual coverage:

These estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 states and for all MX-5 Miata models.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on insurance rates. Rural areas have a lower frequency of physical damage claims than densely populated cities.

The example below illustrates how geographic area affects car insurance rates.

The ranges above illustrate why everyone should compare prices based on a specific location and risk profile, instead of making a decision based on average rates.

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

Additional Rate Analysis

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

• The best discount rate is $578
• Using higher $1,000 deductibles will save around $98 each year
• The average rate for the average middle-age driver with $500 deductibles is $968
• Using pricier low deductibles for physical damage coverage will increase the cost to $1,156
• High-risk insureds who are prone to accidents and violations could pay upwards of $2,086 or more
• The price for full coverage for a 16-year-old driver for full coverage may cost $3,798 or more

Auto insurance prices for a Mazda MX-5 Miata are also quite variable based on your driving record, the model year and trim level, and policy deductibles and limits.

A more mature driver with a good driving record and high deductibles may pay as low as $900 a year for full coverage. Prices are much higher for teenage drivers, where even good drivers will have to pay upwards of $3,700 a year. View Rates by Age

The state you live in has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see prices as low as $630 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,310 on average in Michigan, New York, and Florida.

Using high physical damage deductibles could cut prices by as much as $290 annually, whereas buying more liability protection will cost you more. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $362 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying at a minimum $1,100 to $1,600 in extra premium each year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be from 42% to 126% more than a normal policy. View High Risk Driver Rates

Since prices can be so different, the only way to figure out exactly what you will pay is to regularly compare prices from multiple companies. Each insurance company uses a different method to calculate prices, and quoted prices may be quite 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 Cheap Mazda MX-5 Miata Insurance

Getting lower rates on insurance for a Mazda MX-5 Miata requires avoiding accidents and violations, having good credit, not filing small claims, and taking advantage of discounts. Invest the time to compare rates every year by obtaining price quotes from direct insurance companies like Progressive and GEICO, and also from local independent and exclusive agents.

The list below is a brief summary of the coverage data presented in the illustrations above.

• It is possible to save as much as $110 per year simply by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save around $275 each year
• Teenagers are charged the highest prices, as much as $317 a month if they have full coverage
• Drivers considered higher risk that tend to have accidents or serious violations pay an average of $1,120 more each year for car insurance