Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Premium estimates by type of coverage:

Price estimates include $500 deductible amounts, liability limits of 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all 50 U.S. 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. Rural areas are statistically proven to have fewer comprehensive and collision claims than densely populated cities.

The price range example below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences highlight why anyone shopping for car insurance should compare rates based on a specific location and their own personal driving habits, rather than relying on average rates.

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

Rates by State, City, and Model

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The best discount rate is $563
• Drivers who choose higher $1,000 deductibles will pay around $92 every year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $938
• Using more expensive low deductibles for comprehensive and collision insurance costs an additional $174 a year
• High risk drivers who are prone to accidents and violations could pay upwards of $2,020 or more
• An auto insurance policy with full coverage for a teen driver with full coverage may cost $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 driving characteristics, and policy deductibles and 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 much higher for drivers in their teens, where even without any violations or accidents they can expect to pay upwards of $3,700 a year. View Rates by Age

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

Using high physical damage deductibles could save up to $270 each year, while increasing your policy's liability limits will cost you more. Changing 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 $720 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,340 on average in Michigan, New York, and Louisiana.

With such a large range in prices, the best way to figure out exactly what you will pay is to compare prices from as many companies as possible. Every company uses a different method to calculate prices, 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 Cheaper Mazda MX-5 Miata Insurance

Finding better rates on Mazda MX-5 Miata insurance not only requires having a good driving record, but also having a good credit history, refrain from filing small claims, and bundling your home and auto policies. Set aside time to compare rates once a year by quoting rates from direct car insurance companies, and also from several local insurance agents.

The next list is a condensed summary of the data that was covered above.

• You may be able to save as much as $110 per year simply by shopping early and online
• Drivers who require increased levels of liability coverage will pay an extra $440 per year to go from 30/60 bodily injury limits to higher 250/500 limits
• Drivers age 20 and younger pay the highest prices, with the cost nearing $309 per month including comprehensive and collision insurance
• High-risk drivers with multiple at-fault accidents pay on average $1,080 more each year to buy Mazda MX-5 Miata insurance