Mazda MX-5 Miata Insurance Rates

U.S. average insurance prices for a Mazda MX-5 Miata are $968 every 12 months including full coverage. Comprehensive insurance costs an estimated $176, collision insurance costs $254, and liability coverage is $402. Buying just liability costs around $446 a year, and insurance for high-risk drivers costs $2,086 or more. 16-year-old drivers pay the highest rates at up to $3,798 a year.

Average premium for full coverage: $968

Price estimates broken down by individual coverage:

Estimates include $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Estimates are averaged for all 50 U.S. states and for all MX-5 Miata models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on the price of auto insurance. More rural locations have more infrequent comprehensive and collision claims than congested cities. The example below illustrates how location helps determine insurance prices.

The ranges above highlight why everyone should compare rates quotes for a targeted area and their own driving history, rather than using rate averages.

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

Rate Comparisons

The chart below breaks down average Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The best full coverage rate is $578
• Raising to $1,000 deductibles will save approximately $98 every year
• The average price for the average middle-age driver who has $500 deductibles is $968
• Buying pricier low deductibles costs an extra $188 each year
• Unlucky drivers with multiple tickets or accidents could pay up to $2,086
• The price to insure a teenage driver for full coverage can cost as much as $3,798

Insurance prices for a Mazda MX-5 Miata are also quite variable based on deductibles and policy limits, your driving characteristics, and the model year and trim level.

Opting for high physical damage deductibles can reduce prices by up to $290 a year, whereas buying more liability protection will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $362 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles may only pay around $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers should be prepared to pay at least $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are likely paying $1,100 to $1,600 additional each year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost around 42% to 126% more than the average rate. View High Risk Driver Rates

The state you live in also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find prices as low as $740 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,380 on average in Louisiana, New York, and Michigan.

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 Low Cost Mazda MX-5 Miata Insurance

Getting lower rates on auto insurance consists of having a decent driving record, having above-average credit, being claim-free, and possibly raising deductibles. Invest time comparing rates every other policy renewal by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following items are a review of the ideas that were covered in the charts and tables above.

• 16 to 18-year-old drivers are expensive to insure, possibly costing $317 a month if full coverage is included
• Drivers who have several accidents or serious violations may have to pay on average $1,120 more annually than a driver with a clean driving record
• Increasing physical damage deductibles could save as much as $275 each year
• You may be able to save approximately $110 per year just by quoting online well ahead of the renewal date