Mazda MX-5 Miata Insurance Rates

The 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 $402. A liability-only policy costs as little as $446 a year, with high-risk insurance costing $2,020 or more. Teens cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates by type of insurance:

Includes $500 physical damage insurance deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Prices are averaged for all 50 states and MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a significant impact on the price of auto insurance. Rural locations are shown to have lower incidents of physical damage claims than cities with more traffic congestion.

The diagram below illustrates how rural and urban location affects auto insurance prices.

The examples above illustrate why it is important to compare rates using their specific location, rather than relying on averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $563
• Drivers who choose higher $1,000 deductibles will pay $846 each year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $938
• Selecting low $100 deductibles for comprehensive and collision insurance will cost an additional $174 a year
• High risk drivers with serious driving violations could pay around $2,020 or more
• Policy cost that insures a teen driver can cost $3,708 a year

Car insurance rates for a Mazda MX-5 Miata also range 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 have a few points on your driving record or you caused an accident, you are probably paying anywhere from $1,100 to $1,600 extra every year, depending on your age. A high-risk auto insurance policy can cost anywhere from 43% to 131% more than the average policy. View High Risk Driver Rates

Older drivers with no driving violations and higher comprehensive and collision deductibles could pay as little as $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will be charged in the ballpark of $3,700 a year. View Rates by Age

Your home state 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 North Carolina, Wisconsin, and Vermont, or have to pay at least $1,270 on average in Florida, New York, and Michigan.

Choosing higher comprehensive and collision insurance deductibles could save up to $270 each 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 raise rates by up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out who has the best car insurance rates is to get quotes from as many companies as possible. Every company calculates rates differently, so rate quotes will be varied.

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 Cheapest Mazda MX-5 Miata Insurance

Finding cheaper rates on Mazda MX-5 Miata insurance not only requires being a low-risk driver, but also having a positive credit history, being claim-free, and avoiding coverage lapses. Compare rates every year by requesting quotes from direct insurance companies, and also from your local car insurance providers.

The items below are a recap of the coverage data raised in the charts and tables above.

• It is possible to save around $110 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• Teen drivers pay the highest auto insurance rates, possibly costing $309 each month if full coverage is purchased
• High-risk drivers that have major violations or accidents could be charged and average of $1,080 more per year to insure their MX-5 Miata