Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive costs on average $164 each year, collision costs $236, and liability costs $402. A liability-only policy costs as little as $446 a year, with high-risk insurance costing around $2,020. Teen drivers cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates by type of insurance:

Price estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. Rural areas are shown to have a lower frequency of comprehensive and collision claims than larger metro areas.

The graphic below illustrates how your location can change car insurance rates.

The examples above highlight why all drivers should compare rates based on a specific location and risk profile, instead of making a decision based on price averages.

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

Additional Charts and Tables

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $563
• Drivers who choose higher $1,000 deductibles will pay around $92 every year
• The average rate for a good driver age 40 with $500 deductibles is $938
• Choosing low deductibles for comprehensive and collision insurance will increase the cost to $1,112
• Drivers with multiple violations and an at-fault accident could pay upwards of $2,020 or more
• Policy cost for full coverage for a 16-year-old driver may cost $3,708 a year

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

More mature drivers with no driving violations and high deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged upwards of $3,700 a year. View Rates by Age

Your home state makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or as much as $1,340 on average in Michigan, New York, and Louisiana.

Choosing high deductibles could save up to $270 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying at a minimum $1,100 to $1,600 extra every year, depending on your age. Insurance for high-risk drivers can cost from 43% to 131% more than average. View High Risk Driver Rates

Because rates have so much variability, the best way to figure out exactly what you will pay is to do a rate comparison from multiple companies. Every company uses a different rate calculation, so rate quotes will be varied from one company to the next.

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 Cheaper Mazda MX-5 Miata Insurance

Finding cheaper rates on insurance for a Mazda MX-5 Miata not only requires being a good driver, but also having above-average credit, paying for small claims out-of-pocket, and maximizing policy discounts. Invest the time to shop around at every other renewal by getting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The following list is a condensed summary of the concepts that were illustrated above.

• Drivers considered higher risk with multiple at-fault accidents may pay on average $1,080 more each year than a safer driver
• Drivers age 16 to 20 are expensive to insure, with premiums being up to $309 each month if full coverage is included
• You may be able to save as much as $110 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $275 each year
• You may be able to save as much as $110 per year simply by quoting online in advance