Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Rate estimates broken down by individual coverage type:

Prices are based on $500 deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all U.S. states and MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on car insurance rates. More rural locations tend to have fewer collision claims than cities with more traffic congestion.

The diagram below illustrates how location impacts insurance prices.

These examples demonstrate why it is important to get quotes for a targeted area and their own personal driving habits, instead of using averaged prices.

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 other coverage scenarios.

• The cheapest rate after discounts is $563
• Choosing higher $1,000 deductibles can save approximately $846 annually
• The estimated rate for a 40-year-old driver who has $500 deductibles is $938
• Selecting low $100 deductibles for comp and collision coverage costs an additional $174 every year
• Unlucky drivers with serious driving violations could pay up to $2,020 or more
• The cost with full coverage for a teen driver can cost as much as $3,708 each year

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on the trim level of your MX-5 Miata, your driving record, and liability limits and deductibles.

Older drivers with a clean driving record and high physical damage deductibles may pay as little as $900 annually on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect to pay at least $3,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out $1,100 to $1,600 extra per year, depending on your age. A high-risk auto insurance policy ranges as much as 43% to 131% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can save as much as $270 every year, while buying higher liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $362 more per year. View Rates by Deductible or Liability Limit

Where you live plays a big part in determining prices for Mazda MX-5 Miata insurance prices. A good driver about age 40 could pay as low as $680 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,270 on average in New York, Michigan, and Florida.

With so much variability in rates, the best way to find out which company is cheapest is to get quotes and see which company has the best rate. Each auto insurer calculates rates differently, so the rates can be significantly 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 Affordable Mazda MX-5 Miata Insurance

Saving money on car insurance takes not taking risks behind the wheel, having a good credit history, eliminating unnecessary coverage, and taking advantage of discounts. Spend time shopping around at every policy renewal by quoting rates from direct companies like Progressive and GEICO, and also from several local insurance agents.

The following is a brief review of the data touched on above.

• Policyholders who want higher liability limits will pay approximately $440 every year to raise limits from a minimum limit to higher 250/500 limits
• You may be able to save approximately $110 per year simply by quoting early and online
• Increasing deductibles could save up to $275 each year
• Teens are charged the highest rates, with premiums as much as $309 per month including comprehensive and collision insurance