Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Rate estimates by individual coverage type:

Estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 states and MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a significant impact on the price of auto insurance. Rural locations tend to have a lower frequency of physical damage claims than larger metro areas.

The diagram below illustrates the difference location can make on auto insurance prices.

These examples illustrate why it is important to compare prices using their specific location and risk profile, rather than relying on price averages.

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

Additional Rate Details

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

• The lowest rate with discounts is $563
• Using higher $1,000 deductibles will save $846 each year
• The average rate for a 40-year-old driver who chooses $500 deductibles is $938
• Choosing low $100 deductibles for physical damage coverage will cost an extra $174 a year
• Drivers with multiple violations and an at-fault accident could pay around $2,020 or more
• The cost for full coverage for a teen driver can cost $3,708 or more

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on your driver profile, the model year and trim level, and physical damage deductibles and liability limits.

Older drivers with a clean driving record and high deductibles could pay as little as $900 a year for full coverage. Rates are highest for teen drivers, where even good drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

Where you live has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see rates as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,270 on average in Florida, New York, and Michigan.

Choosing high deductibles could cut rates by as much as $270 each year, while buying higher liability limits will push rates upward. Switching from a 50/100 limit to a 250/500 limit will cost as much as $362 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying anywhere from $1,100 to $1,600 extra per year, depending on your age. A high-risk auto insurance policy can be anywhere from 43% to 131% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to figure out who has the best car insurance rates is to get quotes from as many companies as possible. Each insurance company uses a different rate calculation, so the rates can be significantly different from one company to the next.

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 Low Cost Mazda MX-5 Miata Insurance

Saving money on Mazda MX-5 Miata insurance requires avoiding accidents and claims, maintaining good credit, avoid buying unnecessary coverage, and maximizing policy discounts. Make time to compare rates every other policy renewal by requesting rates from direct insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

The points below are a review of the ideas that were touched on in this article.

• Drivers under the age of 20 are expensive to insure, costing up to $309 per month for full coverage
• High-risk drivers who have several accidents or serious violations may pay on average $1,080 more per year to insure a Mazda MX-5 Miata
• Increasing deductibles can save around $275 each year
• It is possible to save around $110 per year simply by quoting early and online