Mazda MX-5 Miata Insurance Rates

The average auto insurance rates for a Mazda MX-5 Miata are $938 annually for full coverage. Comprehensive costs around $164, collision insurance costs $236, and liability coverage is $402. Buying just liability costs around $446 a year, and insurance for high-risk drivers costs around $2,020. Teen drivers cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates for type of insurance:

Estimates include $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on auto insurance rates. Areas with sparse population are shown to have fewer accident claims than larger metro areas. The example below illustrates the difference location can make on auto insurance rates.

The examples above show why everyone should compare rates quotes for a specific zip code and their own personal driving habits, rather than using price averages.

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

Additional Charts and Tables

The chart below shows average Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $563
• Raising to $1,000 deductibles will save about $92 a year
• The estimated rate for a good driver age 40 using $500 deductibles is $938
• Choosing pricier low deductibles will cost $1,112
• Unlucky drivers with multiple violations and an at-fault accident could pay at least $2,020
• Policy cost with full coverage for a teenage driver for full coverage can be $3,708

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

A more mature driver with a clean driving record and high physical damage deductibles may only pay around $900 every 12 months on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they can expect to pay as much as $3,700 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying at least $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost around 43% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce rates by up to $270 a year, whereas buying more liability protection will increase rates. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

Your home state also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $620 a year in states like Idaho, Maine, and Iowa, or as much as $1,340 on average in Michigan, Louisiana, and New York.

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 Buy Low Cost Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance consists of being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Make time to compare rates every time your policy renews by getting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The items below are a review of the information touched on in this article.

• Drivers can save up to $110 per year just by quoting online well ahead of the renewal date
• Teen drivers pay higher rates, costing up to $309 each month including comprehensive and collision insurance
• Increasing comprehensive and collision deductibles could save up to $275 each year
• Drivers who have several accidents or serious violations pay an average of $1,080 more every year to insure their MX-5 Miata
• Consumers who may need more liability coverage will pay about $440 each year to raise from a 30/60 limit to higher 250/500 limits