Mazda MX-5 Miata Insurance Rates

U.S. average auto insurance rates for a Mazda MX-5 Miata are $968 annually for full coverage insurance. Comprehensive insurance costs around $176 a year, collision insurance costs $254, and liability insurance is $402. Buying just liability costs around $446 a year, and insurance for high-risk drivers costs $2,086 or more. 16-year-old drivers pay the highest rates at up to $3,798 a year.

Average premium for full coverage: $968

Price estimates for individual coverage:

Rate estimates include $500 policy deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all 50 states and MX-5 Miata trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Areas with sparse population have fewer physical damage claims than congested cities. The diagram below illustrates the difference location can make on auto insurance rates.

The ranges above illustrate why it is important to compare rates quotes for a specific zip code and their own personal driving habits, rather than relying on rate averages.

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

Additional Rate Details

The chart below illustrates average Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $578
• Raising to $1,000 deductibles will save about $870 each year
• The estimated rate for the average middle-age driver using $500 deductibles is $968
• Buying low $100 deductibles costs an additional $188 a year
• Higher-risk drivers with multiple tickets or accidents could pay at least $2,086
• The price with full coverage for a teen driver can be $3,798

Insurance prices for a Mazda MX-5 Miata are also quite variable based on the trim level and model year, your risk profile, and deductibles and policy limits.

Older drivers with no violations or accidents and high physical damage deductibles could pay as little as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they should be prepared to pay as much as $3,700 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are probably paying at least $1,100 to $1,600 additional each year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 42% to 126% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can reduce prices by up to $290 each year, while buying higher liability limits will increase prices. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $362 more each year. View Rates by Deductible or Liability Limit

The state you live in also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find prices as low as $630 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,310 on average in Michigan, New York, 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 Buy the Best Mazda MX-5 Miata Insurance

Getting lower rates on Mazda MX-5 Miata insurance consists of avoiding accidents and claims, having good credit, not filing small claims, and deciding if full coverage is necessary. Make time to compare rates at least every other year by quoting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The points below are a brief recap of the car insurance concepts touched on in this article.

• High-risk drivers who tend to receive serious violations pay on average $1,120 more every year to insure a Mazda MX-5 Miata
• It is possible to save up to $110 per year just by quoting early and online
• Increasing physical damage deductibles could save up to $275 each year
• Drivers who may need increased liability limits will pay around $440 annually to raise from a low limit to higher 250/500 limits