Mazda MX-5 Miata Insurance Rates

Average insurance prices for a Mazda MX-5 Miata are $938 every 12 months with full coverage. Comprehensive costs approximately $164 each year, collision costs $236, and liability costs $402. A liability-only policy costs as little as $446 a year, with high-risk insurance costing around $2,020. 16-year-old drivers receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates by individual coverage type:

These estimates include $500 physical damage deductibles, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Rates are averaged for all U.S. states and MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on the price of insurance. Rural locations tend to have more infrequent collision claims than congested cities.

The graphic below illustrates the effect of geographic area on auto insurance prices.

These examples demonstrate why all drivers should compare rates using their specific location and their own driving history, instead of using rate averages.

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

More Rate Information

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

• The best full coverage rate is $563
• Drivers who choose higher $1,000 deductibles will pay $92 annually
• The average price for a 40-year-old driver who chooses $500 deductibles is $938
• Buying low deductibles for comprehensive and collision insurance increases the price to $1,112
• Higher-risk drivers with multiple tickets or accidents could pay around $2,020 or more
• The cost to insure a teen driver can cost $3,708 a year

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

Opting for high physical damage deductibles could save up to $270 every year, whereas increasing liability limits will push rates upward. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $362 more per year. View Rates by Deductible or Liability Limit

More mature drivers with a clean driving record and higher deductibles may pay as little as $900 per year on average for full coverage. Rates are highest for teen drivers, since even excellent drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out anywhere from $1,100 to $1,600 extra per year, depending on your age. Insurance for high-risk drivers can cost as much as 43% to 131% more than the average rate. View High Risk Driver Rates

Where you live makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $680 a year in states like Utah, Ohio, and New Hampshire, or at least $1,270 on average in New York, Michigan, and Florida.

With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to do a rate comparison and see which company has the best rate. Every company utilizes a different rate formula, so the 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 Shop for Cheap Mazda MX-5 Miata Insurance

Saving money on car insurance not only requires being a safe and courteous driver, but also having good credit, eliminating unnecessary coverage, and maximizing policy discounts. Take the time to compare rates once a year by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

Below is a brief summary of the data that was covered in the above illustrations.

• You may be able to save around $110 per year simply by quoting online in advance
• Policyholders who purchase higher levels of liability will pay around $440 every year to go from a minimum limit to a 250/500 level
• Teenage drivers are expensive to insure, with premiums as much as $309 per month if they have full coverage
• Higher risk drivers that tend to have accidents or serious violations could be forced to pay on average $1,080 more per year for auto insurance