Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $968 a year with full coverage. Comprehensive costs an estimated $176 each year, collision costs $254, and liability is $402. Liability-only insurance costs around $446 a year, with high-risk driver insurance costing around $2,086. 16-year-old drivers pay the most at $3,798 a year or more.

Average premium for full coverage: $968

Premium estimates broken down by type of coverage:

Prices include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all U.S. states and MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. More rural locations are statistically proven to have a lower frequency of collision claims than congested cities.

The graphic below illustrates the difference between rural and urban areas on insurance prices.

These rate differences demonstrate why all drivers should compare rates quotes for a targeted area and risk profile, instead of using rate averages.

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

Rates by State, City, and Model

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

• The best full coverage rate is $578
• Raising to $1,000 deductibles will save approximately $98 annually
• The average rate for a 40-year-old good driver who has $500 deductibles is $968
• Buying low deductibles will increase the cost to $1,156
• At-risk drivers with multiple tickets or accidents could pay up to $2,086 or more
• An auto insurance policy for full coverage for a teen driver can cost as much as $3,798

Insurance prices for a Mazda MX-5 Miata also have a wide range based on your driving characteristics, the trim level and model year, and liability limits and deductibles.

More mature drivers with no violations or accidents and high deductibles may pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers should be prepared to pay at least $3,700 a year. View Rates by Age

Where you choose to live also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find prices as low as $700 a year in states like Utah, Ohio, and New Hampshire, or at least $1,310 on average in New York, Michigan, and Florida.

Opting for high physical damage deductibles can reduce prices by up to $290 every year, whereas increasing liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will cost up to $362 more each year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you may be forking out $1,100 to $1,600 additional annually, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 42% to 126% more than the average rate. View High Risk Driver Rates

With such a large range in prices, the best way to find out which insurance company is cheapest is to do a rate comparison and see which company has the best price. Every auto insurance company utilizes a different rate formula, and prices will be substantially 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 Right Mazda MX-5 Miata Insurance

Finding better rates on car insurance consists of having a decent driving record, having a good credit history, being claim-free, and maximizing policy discounts. Set aside time to compare rates at least once a year by getting quotes from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The following items are a quick rundown of the primary concepts that were covered above.

• You may be able to save approximately $110 per year simply by quoting online in advance
• Higher risk drivers with reckless driving or DUI convictions may pay on average $1,120 more annually than a driver with a clean driving record
• Increasing policy deductibles can save around $275 each year
• 16 to 18-year-old drivers are expensive to insure, possibly costing $317 per month including comprehensive and collision insurance