Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage insurance. Comprehensive insurance costs around $164 a year, collision costs $236, and liability is estimated at $402. A policy with just liability insurance costs approximately $446 a year, with coverage for high-risk drivers costing $2,020 or more. 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:

Rates are based on $500 comprehensive and collision deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 states and MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on car insurance rates. Areas with sparse population tend to have lower incidents of physical damage claims than congested cities.

The diagram below illustrates how rural and urban location affects auto insurance rates.

These examples illustrate why it is important to get quotes for a specific zip code, instead of using rate averages.

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

Additional Rate Information

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

• The best full coverage rate is $563
• Choosing higher $1,000 deductibles can save about $846 each year
• The estimated price for a 40-year-old driver using $500 deductibles is $938
• Buying low $100 deductibles for comp and collision coverage will cost an additional $174 every year
• Unlucky drivers with multiple tickets or accidents could pay at least $2,020 or more
• The cost that insures a teen driver can be $3,708 each year

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on the trim level of your MX-5 Miata, your age and driving record, and deductibles and policy limits.

If you like to drive fast or you caused an accident, you are probably paying at least $1,100 to $1,600 additional per year, depending on your age. A high-risk auto insurance policy ranges as much as 43% to 131% more than the average rate. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $900 annually on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records should be prepared to pay as much as $3,700 a year. View Rates by Age

Where you live plays a big part in determining prices for Mazda MX-5 Miata insurance prices. A good driver about age 40 could pay as low as $610 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,270 on average in Michigan, New York, and Florida.

Opting for high physical damage deductibles can save as much as $270 every year, while buying higher liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $362 more each year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to figure out your exact price is to get quotes and see which company has the best rate. Each auto insurer utilizes a different rate formula, and rates can be significantly 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 Find the Best Cheap Mazda MX-5 Miata Insurance

Saving money on car insurance takes avoiding accidents and violations, having a good credit score, avoid buying unnecessary coverage, and taking advantage of discounts. Comparison shop once a year by quoting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The list below is a quick review of the data that was raised in the charts and tables above.

• It is possible to save up to $110 per year simply by quoting early and online
• Policyholders who may need higher liability limits will pay around $440 annually to raise limits from a minimum limit to the 250/500 level
• Teenagers are charged the highest rates, costing up to $309 per month if comprehensive and collision insurance is included
• Higher risk drivers with a DUI or reckless driving violation could be forced to pay on average $1,080 more every year for car insurance