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 on average $164, collision insurance costs $236, and liability coverage costs around $402. Liability-only coverage costs as low as $446 a year, and high-risk coverage costs around $2,020. 16-year-old 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 deductibles, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on auto insurance rates. Rural areas are shown to have more infrequent collision claims than congested cities. The example below illustrates the difference between rural and urban areas on car insurance rates.

The examples above demonstrate why everyone should compare prices based on a specific location and their own driving history, rather than using rate averages.

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

Additional Rate Details

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

• The best full coverage rate is $563
• Using higher $1,000 deductibles will save around $92 annually
• The average price for a good driver age 40 with $500 deductibles is $938
• Buying pricier low deductibles for physical damage coverage increases the price to $1,112
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,020
• Policy cost to insure a teenage driver for full coverage may cost $3,708 or more

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

Opting for high physical damage deductibles could cut rates by as much as $270 a year, whereas buying more liability protection will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles may only pay around $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay upwards 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 at a minimum $1,100 to $1,600 additional every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be around 43% to 131% more than the average rate. View High Risk Driver Rates

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 $680 a year in states like New Hampshire, Ohio, and Utah, or at least $1,270 on average in Florida, Michigan, and New York.

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 requires not taking risks behind the wheel, having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Set aside time to compare rates every year by getting quotes from direct companies, and also from local exclusive and independent agents.

The following is a brief summary of the coverage data covered above.

• You may be able to save as much as $110 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Teens pay higher rates, as much as $309 each month if full coverage is included
• Drivers that tend to have accidents or serious violations may pay on average $1,080 more each year for MX-5 Miata insurance