Mazda MX-5 Miata Insurance Rates

Estimated auto insurance rates for a Mazda MX-5 Miata are $938 annually for full coverage insurance. Comprehensive costs around $164, collision costs $236, and liability insurance costs $402. Liability-only coverage costs as little as $446 a year, with high-risk coverage costing around $2,020. Teen drivers pay the most at $3,708 a year or more.

Average premium for full coverage: $938

Premium estimates for type of coverage:

Prices are based on $500 physical damage deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all 50 states and for different MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a significant impact on car insurance rates. Areas with sparse population are statistically proven to have fewer physical damage claims than larger metro areas.

The price range example below illustrates how geographic area affects auto insurance rates.

These rate differences illustrate why anyone shopping for car insurance should compare rates for a specific zip code and their own personal driving habits, rather than relying on price averages.

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

More Rate Information

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

• The lowest rate with discounts is $563
• Drivers who choose higher $1,000 deductibles will pay about $92 each year
• The estimated rate for a 40-year-old good driver using $500 deductibles is $938
• Choosing more expensive low deductibles for comprehensive and collision insurance will cost $1,112
• High risk drivers with multiple violations and an at-fault accident could pay at least $2,020 or more
• An auto insurance policy with full coverage for a teen driver with full coverage can be $3,708 a year

Insurance prices for a Mazda MX-5 Miata also have a wide range based on the model of your MX-5 Miata, your risk profile, and deductibles and policy limits.

An older driver with a clean driving record and high physical damage deductibles could pay as little as $900 per year on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they can expect to pay as much as $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying at least $1,100 to $1,600 extra annually, depending on your age. High-risk driver insurance can cost anywhere from 43% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $270 each year, while increasing your policy's liability limits will increase prices. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $362 more per year. View Rates by Deductible or Liability Limit

Where you choose to live makes a big difference in Mazda MX-5 Miata insurance rates. A 40-year-old driver could pay as low as $610 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,270 on average in Michigan, New York, and Florida.

With such a large range in prices, the only way to figure out your exact price is to compare prices from as many companies as possible. Every company uses a different rate calculation, so the 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 Affordable Mazda MX-5 Miata Insurance

Finding better rates on Mazda MX-5 Miata insurance not only requires being a safe and courteous driver, but also having a good credit history, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Invest the time to compare rates at every policy renewal by requesting rates from direct insurance companies, and also from several local insurance agents.

Below is a brief review of the data presented in the illustrations above.

• Drivers who may need higher levels of liability will pay about $440 annually to go from 30/60 bodily injury limits to higher 250/500 limits
• It is possible to save up to $110 per year simply by shopping early and online
• Increasing policy deductibles could save up to $275 each year
• Teenage drivers pay higher prices, with premiums being up to $309 per month including comprehensive and collision insurance