Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $968 a year including full coverage. Comprehensive insurance costs an estimated $176, collision costs $254, and liability insurance is $402. A policy with just liability insurance costs around $446 a year, with coverage for high-risk drivers costing $2,086 or more. Teens receive the highest rates at $3,798 a year or more.

Average premium for full coverage: $968

Rate estimates broken down by individual coverage type:

Estimates include $500 physical damage insurance deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 U.S. states and for different MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion.

The price range example below illustrates how rural and urban location affects insurance prices.

These examples highlight why anyone shopping for car insurance should compare rates quotes for a targeted area and risk profile, rather than relying on averaged prices.

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

Additional Rate Analysis

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $578
• Raising to $1,000 deductibles will save approximately $98 every year
• The average rate for a 40-year-old driver who has $500 deductibles is $968
• Selecting more expensive low deductibles will cost an extra $188 a year
• Higher-risk drivers with serious driving violations could pay up to $2,086 or more
• The cost for full coverage for a teen driver with full coverage can cost as much as $3,798

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

An older driver with no violations or accidents and high deductibles could pay as little as $900 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even good drivers should be prepared to pay at least $3,700 a year. View Rates by Age

Where you live also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $740 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,380 on average in Louisiana, New York, and Michigan.

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $290 each year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $362 more each year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying $1,100 to $1,600 additional per year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 42% to 126% more than the average policy. View High Risk Driver Rates

With so much variability in rates, the best way to figure out which company is cheapest is to compare rates from as many companies as possible. Every auto insurance company calculates rates differently, and 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 consists of being a low-risk driver, having a good credit history, not filing small claims, and maximizing policy discounts. Set aside time to shop around at every policy renewal by obtaining price quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

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

• Drivers who want more liability coverage will pay approximately $440 per year to raise from a minimum limit to 250/500 limits
• You may be able to save approximately $110 per year simply by shopping early and online
• Increasing deductibles can save around $275 each year
• Teen drivers are expensive to insure, as much as $317 per month including comprehensive and collision insurance