Mazda MX-5 Miata Insurance Rates

Estimated auto insurance rates for a Mazda MX-5 Miata are $968 annually with full coverage. Comprehensive insurance costs around $176, collision costs $254, and liability coverage is estimated at $402. Liability-only coverage costs approximately $446 a year, with high-risk coverage costing $2,086 or more. 16-year-old drivers pay the most at $3,798 a year or more.

Average premium for full coverage: $968

Premium estimates for type of coverage:

Rates are based on $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes uninsured/under-insured motorist coverage. Rates include averaging for all U.S. states and for all MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on insurance rates. Areas with sparse population are statistically proven to have fewer collision claims than congested cities.

The example below illustrates how rural and urban location affects auto insurance rates.

These rate differences demonstrate why everyone should get quotes for a specific zip code and their own personal driving habits, rather than 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 choices and driver risks.

• The best full coverage rate is $578
• Choosing higher $1,000 deductibles can save about $98 annually
• The estimated rate for a 40-year-old good driver using $500 deductibles is $968
• Buying pricier low deductibles for comp and collision coverage costs an additional $188 each year
• Drivers with multiple tickets or accidents could pay at least $2,086 or more
• An auto insurance policy with full coverage for a teenage driver for full coverage can be $3,798 each year

Insurance prices for a Mazda MX-5 Miata also have a wide range based on the model of your MX-5 Miata, your driving record, and deductibles and policy limits.

A more mature driver with a clean driving record and high physical damage deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they can expect to pay as much as $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out at least $1,100 to $1,600 extra annually, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers ranges around 42% to 126% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $290 a year, whereas buying more liability protection will increase prices. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $362 more per year. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Mazda MX-5 Miata insurance rates. A good driver about age 40 could pay as low as $700 a year in states like New Hampshire, Ohio, and Utah, or at least $1,310 on average in Florida, Michigan, and New York.

With such a large range in prices, the best way to find out your exact price is to regularly compare prices and see how they stack up. Each auto insurer utilizes a different rate formula, so the prices will be substantially 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 the Best Cheap Mazda MX-5 Miata Insurance

Finding better rates on auto insurance takes being a low-risk driver, having a good credit history, being claim-free, and insuring your home and auto with the same company. Set aside time to shop around every time your policy renews by getting quotes from direct companies, and also from local exclusive and independent agents.

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

• You may be able to save up to $110 per year simply by quoting online well ahead of the renewal date
• Teen drivers pay higher prices, possibly costing $317 per month including comprehensive and collision insurance
• Increasing policy deductibles could save up to $275 each year
• Drivers with a DUI or reckless driving violation may pay on average $1,120 more every year to insure their MX-5 Miata
• Consumers who may need more liability coverage will pay around $440 every year to raise limits from 30/60 bodily injury limits to higher 250/500 limits