Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $968 a year for full coverage insurance. Comprehensive insurance costs approximately $176 a year, collision insurance costs $254, and liability coverage is $402. Liability-only coverage costs around $446 a year, and high-risk coverage costs $2,086 or more. Teen drivers receive the highest rates at up to $3,798 a year.

Average premium for full coverage: $968

Rate estimates by individual coverage type:

Prices include $500 physical damage deductibles, liability coverage up to 30/60, and includes UM/UIM 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

Choosing to live in a large city has a large influence on the price of auto insurance. Rural locations tend to have lower incidents of physical damage claims than larger metro areas. The diagram below illustrates how geographic area affects auto insurance prices.

These examples illustrate why it is important to compare rates quotes using their specific location, rather than using price averages.

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

Rates by State, City, and Model

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

• The lowest rate with discounts is $578
• Raising to $1,000 deductibles will save $870 each year
• The estimated price for a 40-year-old driver who chooses $500 deductibles is $968
• Choosing low $100 deductibles will cost an additional $188 each year
• Unlucky drivers with multiple violations and an at-fault accident could pay around $2,086
• The cost that insures a teenage driver can cost $3,798

Car 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 physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you are probably paying anywhere from $1,100 to $1,600 extra per year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 42% to 126% more than average. View High Risk Driver Rates

Older drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $900 every 12 months on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will be charged in the ballpark of $3,700 a year. View Rates by Age

Where you live also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $630 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,310 on average in Florida, New York, and Michigan.

Choosing high deductibles can reduce rates by up to $290 a year, while buying higher liability limits will push rates upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $362 extra every 12 months. View Rates by Deductible or Liability Limit

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 Right Mazda MX-5 Miata Insurance

Saving money on auto insurance consists of being a safe and courteous driver, having a positive credit history, avoid buying unnecessary coverage, and attention to physical damage deductibles. Shop around every time your policy renews by requesting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local car insurance providers.

Below is a quick rundown of the information presented in the illustrations above.

• It is possible to save around $110 per year just by quoting early and online
• Teenage drivers pay the highest auto insurance rates, costing up to $317 per month if full coverage is purchased
• Increasing deductibles can save approximately $275 each year
• Drivers with reckless driving or DUI convictions could be charged and average of $1,120 more per year for auto insurance
• Consumers who purchase higher levels of liability will pay about $440 annually to raise from a minimum limit to the 250/500 level