Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive costs around $164, 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 around $2,020. 16-year-old drivers receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates for individual coverage type:

Full coverage includes $500 deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 U.S. states and for all MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Your location has a significant impact on the price of insurance. Areas with sparse population tend to have a lower frequency of comprehensive and collision claims than congested cities.

The example below illustrates the difference between rural and urban areas on auto insurance rates.

These examples highlight why everyone should compare rates for a specific zip code and risk profile, rather than relying on rate averages.

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

Additional Rate Details

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $563
• Drivers who choose higher $1,000 deductibles will pay about $92 every year
• The average rate for a 40-year-old driver using $500 deductibles is $938
• Buying pricier low deductibles for comprehensive and collision insurance will increase the cost to $1,112
• High risk drivers with multiple tickets or accidents could pay at least $2,020 or more
• The cost for full coverage for a teen driver for full coverage can be $3,708 a year

Auto insurance rates for a Mazda MX-5 Miata can also vary considerably based on your driver profile, the model of your MX-5 Miata, and deductibles and policy limits.

A more mature driver with a good driving record and high deductibles could pay as little as $900 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers will have to pay as much as $3,700 a year. View Rates by Age

Where you live makes a big difference in Mazda MX-5 Miata insurance rates. A 40-year-old driver could pay as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,340 on average in Michigan, New York, and Louisiana.

Opting for high physical damage deductibles could save up to $270 each year, whereas buying more liability protection will increase rates. Changing from a 50/100 limit to a 250/500 limit will cost as much as $362 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying at least $1,100 to $1,600 in extra premium per year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can cost anywhere from 43% to 131% more than the average rate. View High Risk Driver Rates

With so much variability in rates, the best way to figure out your exact price is to regularly compare rates from as many companies as possible. Every company utilizes a different rate formula, and quoted 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 More Affordable Mazda MX-5 Miata Insurance

Saving money on Mazda MX-5 Miata insurance not only requires not taking risks behind the wheel, but also having good credit, not filing small claims, and maximizing policy discounts. Set aside time to compare rates every couple of years by requesting quotes from direct car insurance companies like GEICO and Progressive, and also from several local insurance agents.

The following is a summary of the material that was covered above.

• Drivers who may need higher liability limits will pay around $440 per year to go from a minimum limit to 250/500 limits
• Teens are expensive to insure, as much as $309 per month if they have full coverage
• High-risk drivers who have multiple accidents or major violations pay on average $1,080 more every year for MX-5 Miata insurance
• Increasing deductibles can save around $275 each year