Mazda MX-5 Miata Insurance Rates

U.S. average auto insurance rates for a Mazda MX-5 Miata are $938 annually with full coverage. Comprehensive costs approximately $164, collision costs $236, and liability is $402. Buying just liability costs around $446 a year, with insurance for high-risk drivers costing around $2,020. 16-year-old drivers pay the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Price estimates by individual coverage:

Full coverage includes $500 comprehensive and collision deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all U.S. states and for different MX-5 Miata trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on the price of insurance. Rural locations have fewer collision claims than congested cities.

The price range example below illustrates how where you live affects auto insurance prices.

The ranges above demonstrate why anyone shopping for car insurance should compare rates quotes using their specific location and their own personal driving habits, instead of using rate averages.

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

More Rate Information

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

• The best full coverage rate is $563
• Raising to $1,000 deductibles will save $92 annually
• The estimated rate for the average middle-age driver who chooses $500 deductibles is $938
• Buying more expensive low deductibles will cost $1,112
• At-risk drivers with multiple tickets or accidents could pay around $2,020 or more
• The price with full coverage for a teen driver with full coverage can cost $3,708

Insurance prices for a Mazda MX-5 Miata are also quite variable based on the trim level and model year, your driving record, and physical damage deductibles and liability limits.

An older driver with no violations or accidents and high physical damage deductibles may pay as little as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you may be forking out anywhere from $1,100 to $1,600 additional each year, depending on your age. High-risk driver insurance is expensive and can cost as much as 43% to 131% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can reduce prices by up to $270 every year, while increasing your policy's liability limits will push prices upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $362 more each year. View Rates by Deductible or Liability Limit

The state you live in also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find prices as low as $680 a year in states like Utah, Ohio, and New Hampshire, or at least $1,270 on average in New York, Michigan, and Florida.

Since prices can be so different, the best way to find out who has the cheapest auto insurance prices is to compare prices and see which company has the best price. Every auto insurance company utilizes a different rate formula, and prices may be quite 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 More Affordable Mazda MX-5 Miata Insurance

Getting lower rates on car insurance consists of having a decent driving record, having good credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Take the time to comparison shop at every policy renewal by requesting quotes from direct companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The following items are a summary of the data touched on in the above illustrations.

• Policyholders who purchase additional liability coverage will pay around $440 every year to raise from a low limit to higher 250/500 limits
• You may be able to save around $110 per year simply by shopping early and online
• Increasing physical damage deductibles could save up to $275 each year
• 16 to 18-year-old drivers are the costliest to insure, costing up to $309 a month if they have full coverage