Mazda MX-5 Miata Insurance Rates

Estimated auto insurance rates for a Mazda MX-5 Miata are $968 annually with full coverage. Comprehensive insurance costs an estimated $176, collision costs $254, and liability coverage costs around $402. A liability-only policy costs as low as $446 a year, with high-risk insurance costing $2,086 or more. 16-year-old drivers pay the most at $3,798 a year or more.

Average premium for full coverage: $968

Premium estimates broken down by type of coverage:

These estimates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Rates include averaging for all U.S. states and for all MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on car insurance rates. More rural locations are statistically proven to have fewer collision claims than congested cities.

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

These rate differences demonstrate why everyone should compare prices for a targeted area and their own personal driving habits, rather than using rate averages.

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

Additional Rate Information

The chart below details estimated Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The best full coverage rate is $578
• Using higher $1,000 deductibles will save approximately $98 annually
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $968
• Buying pricier low deductibles for physical damage coverage costs an additional $188 each year
• Higher-risk drivers with multiple tickets or accidents could pay up to $2,086 or more
• An auto insurance policy with full coverage for a teenage driver for full coverage can cost as much as $3,798 or more

Auto insurance prices for a Mazda MX-5 Miata also have a wide range based on the model of your MX-5 Miata, your driving record, and liability limits and deductibles.

A more mature driver with a good driving record and high physical damage deductibles may only pay around $900 a year, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will have to pay at least $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out $1,100 to $1,600 in extra premium annually, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be around 42% to 126% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut prices by as much as $290 a year, whereas buying more liability protection will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $362 extra every year. View Rates by Deductible or Liability Limit

Where you choose to live has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see prices as low as $700 a year in states like Utah, Ohio, and New Hampshire, or at least $1,310 on average in New York, Michigan, and Florida.

With such a large range in prices, the best way to find out which insurance company is cheapest is to regularly compare prices and see how they stack up. Each insurance company utilizes a different rate formula, and quoted prices will be substantially different between companies.

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 Cheap Mazda MX-5 Miata Insurance

Finding better rates on auto insurance requires not taking risks behind the wheel, having above-average credit, being claim-free, and qualifying for all possible discounts. Set aside time to compare rates at every policy renewal by getting rate quotes from direct companies, and also from several local insurance agents.

The following is a brief summary of the data covered above.

• Consumers who want higher liability limits will pay around $440 every year to increase from 30/60 bodily injury limits to higher 250/500 limits
• You may be able to save approximately $110 per year simply by quoting online well ahead of the renewal date
• Increasing policy deductibles could save up to $275 each year
• Teens are the costliest to insure, possibly costing $317 per month if full coverage is included