Mazda MX-5 Miata Insurance Rates

U.S. average insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage. Comprehensive costs around $164 a year, collision costs $236, and liability costs around $402. Liability-only coverage costs as low as $446 a year, with high-risk coverage costing around $2,020. Teenage drivers pay the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Price estimates for individual coverage:

Full coverage includes $500 policy deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and MX-5 Miata trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on auto insurance rates. Areas with sparse population have more infrequent accident claims than densely populated cities.

The diagram below illustrates how location impacts auto insurance rates.

The ranges above show why it is important to compare prices for a specific zip code and their own driving history, instead of using average rates.

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

Additional Rate Details

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

• The best discount rate is $563
• Using higher $1,000 deductibles will save about $846 a year
• The average price for the average middle-age driver using $500 deductibles is $938
• Using low $100 deductibles for physical damage coverage increases the price to $1,112
• Drivers who are prone to accidents and violations could pay at least $2,020 or more
• The price to insure a teen driver can be $3,708 or more

Auto insurance prices for a Mazda MX-5 Miata are also quite variable based on deductibles and policy limits, your driver profile, and the trim level and model year.

Using high physical damage deductibles could cut prices by as much as $270 every year, while buying higher liability limits will increase prices. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $362 extra every year. View Rates by Deductible or Liability Limit

Older drivers with a good driving record and higher deductibles may pay as little as $900 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will have to pay as much as $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying at least $1,100 to $1,600 in extra premium each year, depending on your age. A high-risk auto insurance policy can be as much as 43% to 131% more than a normal policy. View High Risk Driver Rates

The state you live in has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see prices as low as $620 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,340 on average in Michigan, Louisiana, and New York.

Since prices can be so different, the only way to know your exact price is to get quotes and see which company has the best price. Each insurance company uses a different method to calculate prices, and quoted prices may be quite 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 More Affordable Mazda MX-5 Miata Insurance

Getting lower rates on car insurance requires being a good driver, having a good credit score, eliminating unnecessary coverage, and maximizing policy discounts. Spend time shopping around every couple of years by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The following list is a summary of the material that was touched on above.

• Policyholders who may need an increased level of liability coverage will pay an extra $440 each year to increase from a low limit to a 250/500 level
• Drivers age 16 to 20 are expensive to insure, with premiums as much as $309 a month if comprehensive and collision insurance is included
• Higher risk drivers who have multiple accidents or major violations may pay on average $1,080 more every year than a safer driver
• Increasing physical damage deductibles could save as much as $275 each year