Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months with full coverage. Comprehensive costs approximately $164, collision insurance costs $236, and liability coverage costs $402. A liability-only policy costs as little as $446 a year, and high-risk insurance costs around $2,020. Teen drivers cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates by type of insurance:

These estimates include $500 policy deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all U.S. states and for different MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on the price of insurance. Rural locations are shown to have more infrequent collision claims than larger metro areas. The price range example below illustrates the effect of geographic area on auto insurance prices.

The examples above demonstrate why anyone shopping for car insurance should compare rates using their specific location and their own driving history, rather than using price averages.

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

Additional Charts and Tables

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

• The lowest rate with discounts is $563
• Drivers who choose higher $1,000 deductibles will pay $92 annually
• The average price for a good driver age 40 who chooses $500 deductibles is $938
• Choosing more expensive low deductibles for comprehensive and collision insurance increases the price to $1,112
• High-risk insureds with multiple violations and an at-fault accident could pay around $2,020
• Policy cost to insure a teenage driver with full coverage can cost $3,708 a year

Car insurance rates for a Mazda MX-5 Miata also range considerably based on liability limits and deductibles, your driving record, and the model of your MX-5 Miata.

Choosing high deductibles could save up to $270 a year, while increasing your policy's liability limits will push rates upward. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver with no driving violations and higher deductibles may only pay around $900 per year on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged in the ballpark of $3,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out anywhere from $1,100 to $1,600 extra every year, depending on your age. High-risk driver insurance can cost around 43% to 131% more than average. View High Risk Driver Rates

Your home state makes a big difference in Mazda MX-5 Miata insurance rates. A 40-year-old driver could pay as low as $680 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,270 on average in New York, Michigan, and Florida.

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 Shop for Cheap Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance not only requires being safe and accident-free, but also maintaining a good credit score, not filing small claims, and attention to physical damage deductibles. Take the time to compare rates every time your policy renews by getting rate quotes from direct companies, and also from insurance agencies where you live.

Below you'll find a brief summary of the information covered in the above illustrations.

• You may be able to save around $110 per year just by shopping early and online
• Youthful drivers pay the highest auto insurance rates, as much as $309 each month if the policy includes full coverage
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Drivers that tend to have accidents or serious violations could be forced to pay on average $1,080 more per year than a low-risk driver
• Consumers who purchase more liability protection will pay about $440 every year to go from a 30/60 limit to a 250/500 level