Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage insurance. Comprehensive insurance costs approximately $164, collision insurance costs $236, and liability insurance costs around $402. Liability-only coverage costs as low as $446 a year, and high-risk coverage costs $2,020 or more. Teen 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:

Prices include $500 physical damage deductibles, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 states and for different MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on the price of auto insurance. Rural locations are shown to have more infrequent physical damage claims than larger metro areas. The price range example below illustrates how location helps determine auto insurance prices.

The examples above illustrate why anyone shopping for car insurance should compare prices using their specific location and their own driving history, rather than relying on price averages.

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

Additional Charts and Tables

The chart below illustrates average Mazda MX-5 Miata insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $563
• Using higher $1,000 deductibles will save $92 each year
• The average price for a good driver age 40 who chooses $500 deductibles is $938
• Choosing more expensive low deductibles for physical damage coverage costs an extra $174 a year
• Drivers with multiple violations and an at-fault accident could pay around $2,020
• Policy cost to insure a teen driver with full coverage can cost $3,708 or more

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

Choosing high deductibles could cut rates by as much as $270 each year, while increasing your policy's liability limits will push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles could pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying anywhere from $1,100 to $1,600 additional every year, depending on your age. High-risk driver insurance can be anywhere from 43% to 131% more than average. View High Risk Driver Rates

Your home state has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see rates as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,270 on average in Florida, New York, and Michigan.

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 Shop for the Right Mazda MX-5 Miata Insurance

Finding cheaper rates on Mazda MX-5 Miata insurance requires being a safe and courteous driver, having above-average credit, being claim-free, and consideration of higher deductibles. Invest time comparing rates at every policy renewal by requesting quotes from direct insurance companies, and also from local insurance agencies.

Below is a quick rundown of the data covered in the charts and tables above.

• Drivers who purchase higher levels of liability will pay about $440 annually to increase from a 30/60 limit to a 250/500 level
• It is possible to save around $110 per year just by shopping early and online
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Teenage drivers are the costliest to insure, possibly costing $309 each month if full coverage is included