Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage. Comprehensive costs on average $164, collision insurance costs $236, and liability coverage is $402. Buying just liability costs around $446 a year, and insurance for high-risk drivers costs around $2,020. Teens 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, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on car insurance rates. Rural areas are shown to have lower incidents of accident claims than cities with more traffic congestion. The example below illustrates how rural and urban location affects car insurance rates.

The examples above show why everyone should compare rates quotes based on a specific location, rather than using averaged prices.

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

More Rate Details

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

• The cheapest rate after discounts is $563
• Raising to $1,000 deductibles will save around $92 a year
• The estimated price for a good driver age 40 with $500 deductibles is $938
• Selecting pricier low deductibles bumps up the cost to $1,112
• Unlucky drivers with serious driving violations could pay upwards of $2,020
• Policy cost that insures a teenage driver for full coverage may cost $3,708

Insurance rates for a Mazda MX-5 Miata also range considerably based on the model of your MX-5 Miata, how you drive, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you could be paying at a minimum $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost around 43% to 131% more than the average policy. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may only pay around $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay upwards of $3,700 a year. View Rates by Age

Your home state also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $620 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,340 on average in Michigan, Louisiana, and New York.

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $270 a year, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

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 Cheap Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance consists of not taking risks behind the wheel, having above-average credit, avoid buying unnecessary coverage, and determing if full coverage is necessary. Compare rates every other policy renewal by requesting rates from direct carriers, and also from local exclusive and independent agents.

The following is a brief summary of the ideas that were raised in the charts and tables above.

• Teens pay the highest rates, costing up to $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
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• Drivers can save as much as $110 per year just by quoting online well ahead of the renewal date