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 an estimated $164, collision insurance costs $236, and liability insurance costs around $402. Liability-only coverage costs as low as $446 a year, and high-risk coverage costs $2,020 or more. Teen drivers cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates broken down by type of insurance:

Prices are based on $500 physical damage deductibles, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on the price of insurance. More rural locations are shown to have a lower frequency of physical damage claims than larger metro areas. The example below illustrates how location helps determine insurance prices.

The examples above illustrate why everyone should compare prices for a targeted area and risk profile, rather than relying on price averages.

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

Additional Charts and Tables

The chart below illustrates average Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The lowest rate with discounts is $563
• Using higher $1,000 deductibles will save approximately $92 each year
• The average rate for a good driver age 40 who has $500 deductibles is $938
• Choosing pricier low deductibles for physical damage coverage will cost an extra $174 a year
• Drivers with multiple violations and an at-fault accident could pay up to $2,020
• Policy cost for full coverage for a teen driver for full coverage can cost as much as $3,708 or more

Insurance rates for a Mazda MX-5 Miata also range considerably based on your risk profile, the model year and trim level, and liability limits and deductibles.

A more mature driver with no violations or accidents and high deductibles could pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay at least $3,700 a year. View Rates by Age

Your home state has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see rates as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,270 on average in Florida, New York, and Michigan.

Choosing high deductibles could cut rates by as much as $270 each year, whereas buying more liability protection will increase premiums. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $362 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying $1,100 to $1,600 additional every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be anywhere from 43% to 131% more than average. View High Risk Driver Rates

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 Affordable Mazda MX-5 Miata Insurance

Finding cheaper rates on Mazda MX-5 Miata insurance requires being a safe and courteous driver, having a good credit history, being claim-free, and possibly raising deductibles. Invest time comparing rates at least once a year by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

Below is a brief review of the primary concepts that were covered in the charts and tables above.

• It is possible to save approximately $110 per year just by quoting online well ahead of the renewal date
• High-risk drivers with DUI or reckless driving convictions pay on average $1,080 more annually for auto insurance
• Increasing comprehensive and collision deductibles can save around $275 each year
• Teenage drivers are expensive to insure, possibly costing $309 each month including comprehensive and collision insurance