Mazda MX-5 Miata Insurance Rates

Estimated insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage insurance. Comprehensive insurance costs on average $164 a year, collision costs $236, and liability insurance is $402. A policy with only liability insurance costs around $446 a year, with a high-risk policy costing $2,020 or more. Teenage drivers pay the most at $3,708 a year or more.

Average premium for full coverage: $938

Premium estimates by type of coverage:

Prices are based on $500 policy deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 states and MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a significant impact on insurance rates. Rural areas are statistically proven to have more infrequent physical damage claims than densely populated cities.

The diagram below illustrates how location impacts car insurance rates.

These rate differences illustrate why it is important to compare rates quotes based on a specific location and their own driving history, rather than relying on average rates.

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

Rate Comparisons

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

• The best discount rate is $563
• Raising to $1,000 deductibles will save around $846 each year
• The average price for a 40-year-old good driver with $500 deductibles is $938
• Using low $100 deductibles costs an extra $174 a year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,020 or more
• An auto insurance policy to insure a teen driver may cost $3,708

Car insurance prices for a Mazda MX-5 Miata also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the trim level of your MX-5 Miata.

Using high physical damage deductibles can reduce prices by up to $270 each year, while buying higher liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles could pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will be charged upwards of $3,700 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying at a minimum $1,100 to $1,600 extra annually, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 131% more than a normal policy. View High Risk Driver Rates

Where you choose to live also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find prices as low as $610 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,270 on average in Michigan, New York, and Florida.

With such a large range in prices, the only way to figure out exactly what you will pay is to get quotes from as many companies as possible. Every auto insurance company uses a different method to calculate prices, so rate quotes will be substantially different.

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 Affordable Mazda MX-5 Miata Insurance

Finding better rates on Mazda MX-5 Miata insurance consists of being safe and accident-free, maintaining a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Spend time shopping around at least once a year by requesting rates from direct insurance companies, and also from several local insurance agents.

Below you'll find a brief review of the primary concepts that were touched on above.

• It is possible to save as much as $110 per year simply by quoting early and online
• High-risk drivers with DUI or reckless driving convictions pay on average $1,080 more each year than a low-risk driver
• Increasing policy deductibles could save as much as $275 each year
• Youthful drivers are expensive to insure, with premiums being up to $309 per month if the policy includes full coverage